Civic Intelligence

Laborers Training Trust for Northern Nev

990 • Fiscal year 2020 • EIN 23-7222294

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 11, 2021

445 Apple Street No 200Reno, NV 89510

(775) 826-7200

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

44th percentile

0.01x

Higher debt load relative to assets than 44% of similar nonprofits.

2020 filings • 501(c)5 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

56th percentile

0.03x

Higher debt load relative to revenue than 56% of similar nonprofits.

2020 filings • 501(c)5 • $1M-$5M nonprofits • Source year 2020

Net Margin

75th percentile

19%

Higher net margin than 75% of similar nonprofits.

2020 filings • 501(c)5 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

18th percentile

$0

Higher top officer pay than 18% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2020 filings • 501(c)5 • $1M-$5M nonprofits • Source year 2020

Asset Growth

38th percentile

3.9%

Faster asset growth than 38% of similar nonprofits.

2020 filings • 501(c)5 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

91st percentile

22%

Faster revenue growth than 91% of similar nonprofits.

2020 filings • 501(c)5 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Assets

Up

$4,163,498

Up $154,578 (+3.9%) from 2019

Net Assets

Up

$4,138,355

Up $158,193 (+4.0%) from 2019

Liabilities

Down

$25,143

Down $3,615 (-13%) from 2019

Revenue

Up

$819,606

Up $147,208 (+22%) from 2019

Expenses

Up

$659,846

Up $31,618 (+5.0%) from 2019

Net Income

Up

$159,760

Up $115,590 (+262%) from 2019

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$6.0M$4.0M$2.0M$0Assets 2010: $4,488,226Liabilities 2010: $1,611,169Net Assets 2010: $2,877,0572010Assets 2011: $4,303,731Liabilities 2011: $1,265,039Net Assets 2011: $3,038,6922011Assets 2012: $4,155,412Liabilities 2012: $1,109,324Net Assets 2012: $3,046,0882012Assets 2013: $3,961,193Liabilities 2013: $950,401Net Assets 2013: $3,010,7922013Assets 2014: $3,882,774Liabilities 2014: $931,007Net Assets 2014: $2,951,7672014Assets 2015: $3,953,650Liabilities 2015: $900,625Net Assets 2015: $3,053,0252015Assets 2016: $3,921,738Liabilities 2016: $630,097Net Assets 2016: $3,291,6412016Assets 2017: $3,736,215Liabilities 2017: $25,693Net Assets 2017: $3,710,5222017Assets 2018: $3,965,228Liabilities 2018: $30,931Net Assets 2018: $3,934,2972018Assets 2019: $4,008,920Liabilities 2019: $28,758Net Assets 2019: $3,980,1622019Assets 2020: $4,163,498Liabilities 2020: $25,143Net Assets 2020: $4,138,3552020Assets 2021: $4,790,894Liabilities 2021: $44,484Net Assets 2021: $4,746,4102021Assets 2022: $5,132,736Liabilities 2022: $33,459Net Assets 2022: $5,099,2772022Assets 2023: $5,246,471Liabilities 2023: $14,582Net Assets 2023: $5,231,8892023Assets 2024: $5,368,491Liabilities 2024: $46,976Net Assets 2024: $5,321,5152024

Highlighted filing

2020

Assets$4,163,498
Liabilities$25,143
Net Assets$4,138,355

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.5M$1.0M$500K$0-$500KExpenses 2010: $334,0372010Expenses 2011: $420,0832011Expenses 2012: $380,8922012Revenue 2013: $328,226Expenses 2013: $363,522Net Income 2013: -$35,2962013Revenue 2014: $390,364Expenses 2014: $449,389Net Income 2014: -$59,0252014Revenue 2015: $460,013Expenses 2015: $358,752Net Income 2015: $101,2612015Revenue 2016: $578,953Expenses 2016: $340,337Net Income 2016: $238,6162016Revenue 2017: $795,722Expenses 2017: $376,843Net Income 2017: $418,8792017Revenue 2018: $765,703Expenses 2018: $541,912Net Income 2018: $223,7912018Revenue 2019: $672,398Expenses 2019: $628,228Net Income 2019: $44,1702019Revenue 2020: $819,606Expenses 2020: $659,846Net Income 2020: $159,7602020Revenue 2021: $1,420,928Expenses 2021: $812,617Net Income 2021: $608,3112021Revenue 2022: $1,301,594Expenses 2022: $948,794Net Income 2022: $352,8002022Revenue 2023: $1,339,282Expenses 2023: $1,213,894Net Income 2023: $125,3882023Revenue 2024: $1,452,115Expenses 2024: $1,360,578Net Income 2024: $91,5372024

Highlighted filing

2020

Revenue$819,606
Expenses$659,846
Net Income$159,760
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 11, 2021
Return Version
2020v4.1
Gross Receipts
$2,415,625
Mission and Program Overview

Mission

To provide training benefits for plan participants

To provide training benefits for plan participants.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$3,980,162$4,138,355▲ $158,193
Land, Buildings, and Equipment, Net$3,285,461$3,325,986▲ $40,525
Savings and Temporary Cash Investments$581,071$346,001▼ $235,070
Cash and Non-Interest-Bearing Accounts$74,611$289,153▲ $214,542
Accounts Receivable$49,076$186,630▲ $137,554
Prepaid Expenses and Deferred Charges$18,701$15,728▼ $2,973
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$4,008,920$4,163,498▲ $154,578
Liabilities
Accounts Payable and Accrued Expenses$18,948$22,844▲ $3,896
Other Liabilities$9,810$2,299▼ $7,511
Total Liabilities$28,758$25,143▼ $3,615
Net Assets / Fund Balance
Total Net Assets Fund Balance$3,980,162$4,138,355▲ $158,193
Total Liabilities and Net Assets / Fund Balance$4,008,920$4,163,498▲ $154,578

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,790,531$641,891$2,432,422
Land$1,051,882-$1,051,882
Other Land Buildings$466,695$45,431$512,126
Equipment$16,878$84,915$101,793
Compensation and Service Providers

Board Members and Trustees

NameTitle
Richard Skip DalyChairman
Craig MadoleCo-chairman
Dave ElizondoTrustee
Eloy JaraTrustee
Fred ReederTrustee
Mike KinneyTrustee
Jarrett RosenauAlternate
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$795,922
Investment Income
$8,443
Other Revenue
$15,241
Change in Net Assets
$159,760

Audited Revenue Reconciliation

Revenue per Audited Statements
$818,606
Revenue Not Reported on Financial Statements
$1,000
Revenue Not Reported on Form 990
$-1,564
Total Revenue per Audited Statements
$817,042
Total Revenue per Form 990
$819,606
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$330,054
Salaries, Compensation, and Employee Benefits$329,792
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$193,443
Other Employee Benefits---$120,961
Depreciation Depletion---$104,201
Occupancy---$47,162
Fees for Services Legal---$40,487
Fees for Services Management---$16,933
Fees for Services Other---$15,899
Payroll Taxes---$15,388
Insurance---$11,552
Fees for Services Accounting---$7,699
Information Technology---$7,415
Office Expenses---$6,723
Other Expenses---$3,748
Travel---$2,738
Fees for Service Investment Mgmnt Fees---$1,000
Advertising---$974
Total Functional Expenses$0$0$0$659,846

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$659,846
Expenses per Audited Statements$658,846
Total Expenses per Audited Statements$658,846
Expenses Not Reported on Financial Statements$1,000
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Payroll and Related Payables$2,299
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
No
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 8B

There are no committees with authority to act on behalf of the board.

Form 990, Part VI, Section B, Line 11B

Form 990 is provided to trustees at their regular meetings.

Form 990, Part VI, Section C, Line 19

Documents, policies, and financial statements are available from the plan administrator upon request.

Filing and Contact Details

Filer

Filer Name
Laborers Training Trust Fund
EIN
23-7222294
Phone
7758267200
Address
445 APPLE STREET NO 200, RENO, NV 89510

Signing Officer

Name
Richard Skip Daly
Title
Chairman
Phone
7758267200
Signed
2021-11-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Richard Skip Daly
Formed
1970
Legal Domicile
Nv
Voting Board Members
6
Independent Board Members
6
Employees
11
Volunteers
6

Preparer

Firm
Eide Bailly Llp
Address
5441 KIETZKE LN STE 150, RENO, NV 89511-2094
Preparer
Lauren Bashista CPA
Phone
7756899100
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

The trust funding certain benefits of the plan received an exemption letter from the internal revenue service (irs) dated february 22, 2013, stating that the trust is taxexempt under the provisions of section 501(c)5 of the internal revenue code (irc). However, as a result of the plan's funding policy, from time to time the trust may be subject to income taxes. No federal or state income taxes have been recorded in 2020 or 2019 for unrelated business taxable income. In addition, the plan and the trust are required to operate in conformity with the irc to maintain the tax-exempt status of the trust. The plan administrator and board of trustees believe that the plan is being operated in compliance with the applicable requirements of the irc and, therefore, believes that the related trust is tax-exempt. Accounting principles generally accepted in the united states of america require plan management to evaluate tax positions taken by the plan and recognize a tax liability (or asset) if the plan has taken an uncertain position that more likely than not would not be sustained upon examination by the irs. The plan is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress.

PART XI, LINE 2D - OTHER ADJUSTMENTS:

ROUNDING

Raw XML Appendix357 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleD/InvestmentExpensesNotIncldAmt01000
IRS990ScheduleD/LandGrp/BookValueAmt01051882
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt01051882
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0-1567
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0466695
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt045431
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0512126
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt02299
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0PAYROLL AND RELATED PAYABLES
IRS990ScheduleD/OtherRevenueAmt03
IRS990ScheduleD/RevenueNotReportedAmt0-1564
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt01000
IRS990ScheduleD/RevenueSubtotalAmt0818606
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE TRUST FUNDING CERTAIN BENEFITS OF THE PLAN RECEIVED AN EXEMPTION LETTER FROM THE INTERNAL REVENUE SERVICE (IRS) DATED FEBRUARY 22, 2013, STATING THAT THE TRUST IS TAXEXEMPT UNDER THE PROVISIONS OF SECTION 501(C)5 OF THE INTERNAL REVENUE CODE (IRC). HOWEVER, AS A RESULT OF THE PLAN'S FUNDING POLICY, FROM TIME TO TIME THE TRUST MAY BE SUBJECT TO INCOME TAXES. NO FEDERAL OR STATE INCOME TAXES HAVE BEEN RECORDED IN 2020 OR 2019 FOR UNRELATED BUSINESS TAXABLE INCOME. IN ADDITION, THE PLAN AND THE TRUST ARE REQUIRED TO OPERATE IN CONFORMITY WITH THE IRC TO MAINTAIN THE TAX-EXEMPT STATUS OF THE TRUST. THE PLAN ADMINISTRATOR AND BOARD OF TRUSTEES BELIEVE THAT THE PLAN IS BEING OPERATED IN COMPLIANCE WITH THE APPLICABLE REQUIREMENTS OF THE IRC AND, THEREFORE, BELIEVES THAT THE RELATED TRUST IS TAX-EXEMPT. ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE PLAN MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE PLAN AND RECOGNIZE A TAX LIABILITY (OR ASSET) IF THE PLAN HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE IRS. THE PLAN IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1ROUNDING
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt03325986
IRS990ScheduleD/TotalExpensesPerForm990Amt0659846
IRS990ScheduleD/TotalLiabilityAmt02299
IRS990ScheduleD/TotalRevenuePerForm990Amt0819606
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0817042
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0658846
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THERE ARE NO COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1FORM 990 IS PROVIDED TO TRUSTEES AT THEIR REGULAR MEETINGS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DOCUMENTS, POLICIES, AND FINANCIAL STATEMENTS ARE AVAILABLE FROM THE PLAN ADMINISTRATOR UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt04008920
IRS990/TotalAssetsEOYAmt04163498
IRS990/TotalAssetsGrp/BOYAmt04008920
IRS990/TotalAssetsGrp/EOYAmt04163498
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt011
IRS990/TotalFunctionalExpensesGrp/TotalAmt0659846
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt028758
IRS990/TotalLiabilitiesEOYAmt025143
IRS990/TotalLiabilitiesGrp/BOYAmt028758
IRS990/TotalLiabilitiesGrp/EOYAmt025143
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt03980162
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt04138355
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceRevenueAmt0795922
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt08443
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0811163
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0819606
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt06
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt04008920
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt04163498
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/TotalAmt02738
IRS990/TypeOfOrganizationTrustInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0445 APPLE STREET NO 200
IRS990/USAddress/CityNm0RENO
IRS990/USAddress/StateAbbreviationCd0NV
IRS990/USAddress/ZIPCd089510
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0RICHARD SKIP DALY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIRMAN
ReturnHeader/BusinessOfficerGrp/PhoneNum07758267200
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-11-11
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0LABORERS TRAINING TRUST FUND
ReturnHeader/Filer/BusinessNameControlTxt0LABO
ReturnHeader/Filer/EIN0237222294
ReturnHeader/Filer/PhoneNum07758267200
ReturnHeader/Filer/USAddress/AddressLine1Txt0445 APPLE STREET NO 200
ReturnHeader/Filer/USAddress/CityNm0RENO
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NV
ReturnHeader/Filer/USAddress/ZIPCd089510
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0450250958
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0EIDE BAILLY LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt05441 KIETZKE LN STE 150
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0RENO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NV
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0895112094
ReturnHeader/PreparerPersonGrp/PhoneNum07756899100
ReturnHeader/PreparerPersonGrp/PreparationDt02021-11-11
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0LAUREN BASHISTA CPA
ReturnHeader/ReturnTs02021-11-15T12:37:59-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0RICHARD
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0SKIP DALY
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$5.37$0.05$5.32$1.45$1.36$0.09
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.25$0.01$5.23$1.34$1.21$0.13
2022Detailed filing. Detailed filing data is available for this year.$5.13$0.03$5.10$1.30$0.95$0.35
2021Detailed filing. Detailed filing data is available for this year.$4.79$0.04$4.75$1.42$0.81$0.61
2020Detailed filing. Detailed filing data is available for this year.$4.16$0.03$4.14$0.82$0.66$0.16
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.01$0.03$3.98$0.67$0.63$0.04
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.97$0.03$3.93$0.77$0.54$0.22
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.74$0.03$3.71$0.80$0.38$0.42
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.92$0.63$3.29$0.58$0.34$0.24
2015Detailed filing. Detailed filing data is available for this year.$3.95$0.90$3.05$0.46$0.36$0.10
2014Detailed filing. Detailed filing data is available for this year.$3.88$0.93$2.95$0.39$0.45$0.06
2013Detailed filing. Detailed filing data is available for this year.$3.96$0.95$3.01$0.33$0.36$0.04
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.16$1.11$3.05$0.38
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.30$1.27$3.04$0.42
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.49$1.61$2.88$0.33