Civic Intelligence

MID Atlantic Laborers Employees Cooperation & Education Trust Fund

990 • Fiscal year 2014 • EIN 54-1575076

Jan 01, 2014 to Dec 31, 2014 • Filed on Nov 09, 2015

11951 Freedom Drive Suite 310Reston, VA 20190

(703) 860-4194

Siviq Scores

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

Liabilities / Assets

12th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2014 filings • 501(c)5 • $5M-$10M nonprofits • Source year 2014

Liabilities / Revenue

12th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2014 filings • 501(c)5 • $5M-$10M nonprofits • Source year 2014

Net Margin

68th percentile

12%

Higher net margin than 68% of similar nonprofits.

2014 filings • 501(c)5 • $5M-$10M nonprofits • Source year 2014

Top Officer Pay

67th percentile

$191,825

Higher top officer pay than 67% of similar nonprofits.

Top officer pay equals 8.1% of source-year revenue.

2014 filings • 501(c)5 • $5M-$10M nonprofits • Source year 2014

Asset Growth

54th percentile

4.5%

Faster asset growth than 54% of similar nonprofits.

2014 filings • 501(c)5 • $5M-$10M nonprofits • Annualized from 2013 to 2014

Revenue Growth

7th percentile

-11%

Faster revenue growth than 7% of similar nonprofits.

2014 filings • 501(c)5 • $5M-$10M nonprofits • Annualized from 2013 to 2014

Assets

Up

$5,863,157

Up $254,078 (+4.5%) from 2013

Net Assets

Up

$5,863,157

Up $291,015 (+5.2%) from 2013

Liabilities

Down

$0

Down $36,937 (-100%) from 2013

Revenue

Down

$2,370,516

Down $291,675 (-11%) from 2013

Expenses

Up

$2,095,461

Up $13,387 (+0.6%) from 2013

Net Income

Down

$275,055

Down $305,062 (-53%) from 2013

Historical Trend

Balance Sheet Trend

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

$15M$10M$5.0M$0Assets 2011: $4,366,095Liabilities 2011: $13,394Net Assets 2011: $4,352,7012011Assets 2012: $5,018,828Liabilities 2012: $26,802Net Assets 2012: $4,992,0262012Assets 2013: $5,609,079Liabilities 2013: $36,937Net Assets 2013: $5,572,1422013Assets 2014: $5,863,157Liabilities 2014: $0Net Assets 2014: $5,863,1572014Assets 2015: $6,058,505Liabilities 2015: $0Net Assets 2015: $6,058,5052015Assets 2016: $6,697,855Liabilities 2016: $0Net Assets 2016: $6,697,8552016Assets 2017: $7,789,903Liabilities 2017: $0Net Assets 2017: $7,789,9032017Assets 2018: $8,359,030Liabilities 2018: $0Net Assets 2018: $8,359,0302018Assets 2019: $11,017,058Liabilities 2019: $0Net Assets 2019: $11,017,0582019Assets 2020: $12,472,021Liabilities 2020: $0Net Assets 2020: $12,472,0212020Assets 2021: $13,621,793Liabilities 2021: $0Net Assets 2021: $13,621,7932021Assets 2022: $11,096,901Liabilities 2022: $0Net Assets 2022: $11,096,9012022Assets 2023: $11,728,948Liabilities 2023: $0Net Assets 2023: $11,728,9482023Assets 2024: $12,378,444Liabilities 2024: $0Net Assets 2024: $12,378,4442024

Highlighted filing

2014

Assets$5,863,157
Liabilities$0
Net Assets$5,863,157

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0MExpenses 2011: $1,585,9762011Expenses 2012: $1,715,5172012Revenue 2013: $2,662,191Expenses 2013: $2,082,074Net Income 2013: $580,1172013Revenue 2014: $2,370,516Expenses 2014: $2,095,461Net Income 2014: $275,0552014Revenue 2015: $2,091,980Expenses 2015: $1,896,632Net Income 2015: $195,3482015Revenue 2016: $2,307,616Expenses 2016: $1,668,266Net Income 2016: $639,3502016Revenue 2017: $2,763,135Expenses 2017: $2,125,327Net Income 2017: $637,8082017Revenue 2018: $4,056,608Expenses 2018: $2,618,717Net Income 2018: $1,437,8912018Revenue 2019: $3,851,893Expenses 2019: $2,475,456Net Income 2019: $1,376,4372019Revenue 2020: $2,900,974Expenses 2020: $2,122,434Net Income 2020: $778,5402020Revenue 2021: $3,123,106Expenses 2021: $2,481,677Net Income 2021: $641,4292021Revenue 2022: $2,160,798Expenses 2022: $2,291,439Net Income 2022: -$130,6412022Revenue 2023: $3,762,066Expenses 2023: $2,936,585Net Income 2023: $825,4812023Revenue 2024: $2,225,914Expenses 2024: $2,774,670Net Income 2024: -$548,7562024

Highlighted filing

2014

Revenue$2,370,516
Expenses$2,095,461
Net Income$275,055
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Nov 9, 2015
Return Version
2014v5.0
Gross Receipts
$6,717,658
Mission and Program Overview

Mission

The laborers-employers cooperation and education trust (lecet) brings the laborers mid-atlantic region of the international union of north america (liuna) and its signatory contractors together to address issues of importance to both. Laborers and their employers share a lot of common ground. Working as a team, they secure projects and jobs, increase union-sector market share, advertise their services, develop a workforce, and advance shared market-related interests.

Mid-atlantic laborers-employers cooperation and education trust (lecet) brings the laborers mid-atlantic region of the international union of north america (liuna) and its signatory contractors together to address issues of importance to both laborers and their employers. These stakeholders share a lot of common ground; working as a team they secure projects and jobs, increase union-sector market share, advertise their services, develop a workforce, and advance shared market-related interests.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$5,266,811$5,476,453▲ $209,642
Savings and Temporary Cash Investments-$267,160-
Cash and Non-Interest-Bearing Accounts$322,546$106,815▼ $215,731
Land, Buildings, and Equipment, Net$14,543$12,729▼ $1,814
Accounts Receivable$5,179--
Total Assets$5,609,079$5,863,157▲ $254,078
Liabilities
Other Liabilities$36,845--
Accounts Payable and Accrued Expenses$92--
Total Liabilities$36,937$0▼ $36,937
Net Assets / Fund Balance
Unrestricted Net Assets$5,572,142$5,863,157▲ $291,015
Total Net Assets Fund Balance$5,572,142$5,863,157▲ $291,015
Total Liabilities and Net Assets / Fund Balance$5,609,079$5,863,157▲ $254,078

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$12,729$5,000$17,729
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
David AllisonBus. ManagerFT$130,567$61,258$191,825
Victoria LeonardBusiness DevFT$108,439$55,902$164,341
Victoria LeonardBusiness Development-$108,439$55,902$164,341
David BrownBusiness DevFT$103,212$54,370$157,582
David BrownBusiness Development-$103,212$54,370$157,582

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,846,409
Investment Income
$484,945
Other Revenue
$39,162
Change in Net Assets
$275,055

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,322,881
Revenue Not Reported on Financial Statements
$47,635
Revenue Not Reported on Form 990
$-126,775
Total Revenue per Audited Statements
$2,196,106
Total Revenue per Form 990
$2,370,516
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,311,637
Other Expenses$783,824
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$793,319
Current Officers, Directors, Trustees, and Key Employees---$191,825
Occupancy---$134,700
Other Employee Benefits---$131,032
Advertising---$124,044
Pension Plan Contributions---$119,527
Travel---$97,970
Office Expenses---$81,708
Payroll Taxes---$75,934
Conferences and Meetings---$56,861
Fees for Service Investment Mgmnt Fees---$47,635
Insurance---$33,701
Fees for Services Other---$25,000
Other Expenses---$10,992
Fees for Services Accounting---$10,495
Depreciation Depletion---$2,576
Total Functional Expenses$0$0$0$2,095,461

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$2,095,461
Expenses per Audited Statements$2,047,826
Total Expenses per Audited Statements$2,047,826
Expenses Not Reported on Financial Statements$47,635
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
Accrued Payroll and Benefits-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

The business manager reviews the form 990 and then presents it to the board.

Form 990, Page 6, Part VI, Line 12C

The written conflict of interest policy is included in the code of best practices that is a part of the constitution by which our organization is governed. Any member or employee of the organization can contact the liuna (an affiliated organization also governed by the constitution) general president with any complaint arising under the constitution, the code of best practice or any other disciplinary rule, regulation, practice or procedure adopted by the liuna general executive board. The code of practice explains the disciplinary procedure that must be followed when necessary and the independent officers who are entrusted to enforce the code. The us department of labor requires all non-clerical employees to report on form lm-30 potential situations where there may be conflict of interest. This information is open to the public.

Form 990, Page 6, Part VI, Line 19

The constitution (governing document) and code of best practices (conflict of interest policy) is available through the united states department of labor, olms, online disclosure public disclosure room. The information is filed under laborer's international union of north america, which files an annual financial report with the department of labor which can be obtained on the online public disclosure room.

Filing and Contact Details

Filer

Filer Name
MID-ATLANTIC LABORER'S COOPERATION
EIN
54-1575076
Phone
7038604194
Address
11951 FREEDOM DRIVE SUITE 310, RESTON, VA 20190

Signing Officer

Name
Justin Meighan
Title
Trustee
Phone
7038604194
Signed
2015-11-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dennis Martire
Formed
1999
Legal Domicile
Va
Voting Board Members
13
Independent Board Members
13
Employees
13

Preparer

Firm
Toal Griffith Ragula LLC
Address
130 ADMIRAL COCHRANE DR SUITE 200, ANNAPOLIS, MD 21401-7368
Preparer
Jeffrey S Griffith CPA
Phone
4102240343
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

Mid-atlantic laborers-employers cooperation and education trust (lecet) brings the laborers mid-atlantic region of the international union of north america (liuna) and its signatory contractors together to address issues of importance to both laborers and their employers. These stakeholders share a lot of common ground; working as a team they secure projects and jobs, increase union-sector market share, advertise their services, develop a workforce, and advance shared market-related interests.

Form 990, Part XI, Line 9

During 2014, the trust determined that errors in reporting asset and liability balances had occurred in the prior period. The beginning balances of cash, accounts receivable, accrued payroll and benefits, and the net asset accounts have been restated to correct this error.

Financial Statement Notes

Schedule D, Page 3, Part X

The trust is exempt from federal income tax under section 501(c)(5) of the internal revenue code, therefore has made no provision for federal income taxes in the accompanying financial statements. There was no unrelated business income for the year ended december 31, 2014. The organization's informational return filings are subject to audit by the internal revenue service, generally for three years after filing.

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IRS990/MinutesOfGoverningBodyInd0true
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IRS990/PensionPlanContributionsGrp/TotalAmt0119527
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IRS990/PrincipalOfficerNm0DENNIS MARTIRE
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IRS990ScheduleD/EquipmentGrp/DepreciationAmt05000
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt017729
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IRS990ScheduleD/InvestmentExpensesNotIncldAmt047635
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ACCRUED PAYROLL AND BENEFITS
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IRS990ScheduleD/RevenueNotReportedFinclStmtAmt047635
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE TRUST IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(5) OF THE INTERNAL REVENUE CODE, THEREFORE HAS MADE NO PROVISION FOR FEDERAL INCOME TAXES IN THE ACCOMPANYING FINANCIAL STATEMENTS. THERE WAS NO UNRELATED BUSINESS INCOME FOR THE YEAR ENDED DECEMBER 31, 2014. THE ORGANIZATION'S INFORMATIONAL RETURN FILINGS ARE SUBJECT TO AUDIT BY THE INTERNAL REVENUE SERVICE, GENERALLY FOR THREE YEARS AFTER FILING.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
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IRS990ScheduleD/TotalExpensesPerForm990Amt02095461
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt2108439
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt033475
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt126587
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt228119
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1DAVID BROWN
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm2VICTORIA LEONARD
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0BUS. MANAGER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1BUSINESS DEVELOPMENT
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt2BUSINESS DEVELOPMENT
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt1157582
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IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0MID-ATLANTIC LABORERS-EMPLOYERS COOPERATION AND EDUCATION TRUST (LECET) BRINGS THE LABORERS MID-ATLANTIC REGION OF THE INTERNATIONAL UNION OF NORTH AMERICA (LIUNA) AND ITS SIGNATORY CONTRACTORS TOGETHER TO ADDRESS ISSUES OF IMPORTANCE TO BOTH LABORERS AND THEIR EMPLOYERS. THESE STAKEHOLDERS SHARE A LOT OF COMMON GROUND; WORKING AS A TEAM THEY SECURE PROJECTS AND JOBS, INCREASE UNION-SECTOR MARKET SHARE, ADVERTISE THEIR SERVICES, DEVELOP A WORKFORCE, AND ADVANCE SHARED MARKET-RELATED INTERESTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BUSINESS MANAGER REVIEWS THE FORM 990 AND THEN PRESENTS IT TO THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE WRITTEN CONFLICT OF INTEREST POLICY IS INCLUDED IN THE CODE OF BEST PRACTICES THAT IS A PART OF THE CONSTITUTION BY WHICH OUR ORGANIZATION IS GOVERNED. ANY MEMBER OR EMPLOYEE OF THE ORGANIZATION CAN CONTACT THE LIUNA (AN AFFILIATED ORGANIZATION ALSO GOVERNED BY THE CONSTITUTION) GENERAL PRESIDENT WITH ANY COMPLAINT ARISING UNDER THE CONSTITUTION, THE CODE OF BEST PRACTICE OR ANY OTHER DISCIPLINARY RULE, REGULATION, PRACTICE OR PROCEDURE ADOPTED BY THE LIUNA GENERAL EXECUTIVE BOARD. THE CODE OF PRACTICE EXPLAINS THE DISCIPLINARY PROCEDURE THAT MUST BE FOLLOWED WHEN NECESSARY AND THE INDEPENDENT OFFICERS WHO ARE ENTRUSTED TO ENFORCE THE CODE. THE US DEPARTMENT OF LABOR REQUIRES ALL NON-CLERICAL EMPLOYEES TO REPORT ON FORM LM-30 POTENTIAL SITUATIONS WHERE THERE MAY BE CONFLICT OF INTEREST. THIS INFORMATION IS OPEN TO THE PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE CONSTITUTION (GOVERNING DOCUMENT) AND CODE OF BEST PRACTICES (CONFLICT OF INTEREST POLICY) IS AVAILABLE THROUGH THE UNITED STATES DEPARTMENT OF LABOR, OLMS, ONLINE DISCLOSURE PUBLIC DISCLOSURE ROOM. THE INFORMATION IS FILED UNDER LABORER'S INTERNATIONAL UNION OF NORTH AMERICA, WHICH FILES AN ANNUAL FINANCIAL REPORT WITH THE DEPARTMENT OF LABOR WHICH CAN BE OBTAINED ON THE ONLINE PUBLIC DISCLOSURE ROOM.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4DURING 2014, THE TRUST DETERMINED THAT ERRORS IN REPORTING ASSET AND LIABILITY BALANCES HAD OCCURRED IN THE PRIOR PERIOD. THE BEGINNING BALANCES OF CASH, ACCOUNTS RECEIVABLE, ACCRUED PAYROLL AND BENEFITS, AND THE NET ASSET ACCOUNTS HAVE BEEN RESTATED TO CORRECT THIS ERROR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XI, LINE 9
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IRS990/TerminateOperationsInd0false
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IRS990/UnrestrictedNetAssetsGrp/BOYAmt05572142
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IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt011951 FREEDOM DRIVE SUITE 310
IRS990/USAddress/CityNm0RESTON
IRS990/USAddress/StateAbbreviationCd0VA
IRS990/USAddress/ZIPCd020190
IRS990/VotingMembersGoverningBodyCnt013
IRS990/VotingMembersIndependentCnt013
IRS990/WebsiteAddressTxt0WWW.LECETMIDATLANTIC.COM
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02016-03-07 17:11:31Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JUSTIN MEIGHAN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TRUSTEE
ReturnHeader/BusinessOfficerGrp/PhoneNum07038604194
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-11-09
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MID-ATLANTIC LABORER'S COOPERATION
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0TRUST
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ReturnHeader/Filer/PhoneNum07038604194

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$12.4$0.00$12.4$2.23$2.77$0.55
2023Detailed filing. Detailed filing data is available for this year.$11.7$0.00$11.7$3.76$2.94$0.83
2022Detailed filing. Detailed filing data is available for this year.$11.1$0.00$11.1$2.16$2.29$0.13
2021Detailed filing. Detailed filing data is available for this year.$13.6$0.00$13.6$3.12$2.48$0.64
2020Detailed filing. Detailed filing data is available for this year.$12.5$0.00$12.5$2.90$2.12$0.78
2019Detailed filing. Detailed filing data is available for this year.$11.0$0.00$11.0$3.85$2.48$1.38
2018Detailed filing. Detailed filing data is available for this year.$8.36$0.00$8.36$4.06$2.62$1.44
2017Detailed filing. Detailed filing data is available for this year.$7.79$0.00$7.79$2.76$2.13$0.64
2016Detailed filing. Detailed filing data is available for this year.$6.70$0.00$6.70$2.31$1.67$0.64
2015Detailed filing. Detailed filing data is available for this year.$6.06$0.00$6.06$2.09$1.90$0.20
2014Detailed filing. Detailed filing data is available for this year.$5.86$0.00$5.86$2.37$2.10$0.28
2013Detailed filing. Detailed filing data is available for this year.$5.61$0.04$5.57$2.66$2.08$0.58
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.02$0.03$4.99$1.72
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.37$0.01$4.35$1.59