Civic Intelligence

West Virginia Laborers Training

990 • Fiscal year 2018 • EIN 55-0524967

Jan 01, 2018 to Dec 31, 2018 • Filed on Apr 19, 2019

P O Box 6Mineral Wells, WV 26150

(304) 489-9665

Siviq Scores

Scores are not available for this record yet.

Balance Sheet

Assets

Flat

$13,831,224

Flat from 2018

Net Assets

Flat

$13,771,213

Flat from 2018

Liabilities

Flat

$60,011

Flat from 2018

Revenue And Expenses

Revenue

Flat

$9,815,866

Flat from 2018

Expenses

Flat

$2,032,445

Flat from 2018

Net Income

Flat

$7,783,421

Flat from 2018

Historical Trend

Balance Sheet Trend

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

$30M$20M$10M$0Assets 2010: $6,832,896Liabilities 2010: $81,487Net Assets 2010: $6,751,4092010Assets 2011: $6,493,835Liabilities 2011: $104,754Net Assets 2011: $6,389,0812011Assets 2012: $6,454,410Liabilities 2012: $77,433Net Assets 2012: $6,376,9772012Assets 2013: $6,272,709Liabilities 2013: $81,646Net Assets 2013: $6,191,0632013Assets 2014: $5,823,145Liabilities 2014: $67,797Net Assets 2014: $5,755,3482014Assets 2015: $5,267,633Liabilities 2015: $90,534Net Assets 2015: $5,177,0992015Assets 2016: $4,219,499Liabilities 2016: $85,556Net Assets 2016: $4,133,9432016Assets 2017: $6,121,280Liabilities 2017: $66,275Net Assets 2017: $6,055,0052017Assets 2018: $13,831,224Liabilities 2018: $60,011Net Assets 2018: $13,771,2132018Assets 2018: $13,831,224Liabilities 2018: $60,011Net Assets 2018: $13,771,2132018Assets 2019: $20,165,997Liabilities 2019: $43,207Net Assets 2019: $20,122,7902019Assets 2020: $21,989,969Liabilities 2020: $28,309Net Assets 2020: $21,961,6602020Assets 2021: $23,372,455Liabilities 2021: $86,887Net Assets 2021: $23,285,5682021Assets 2022: $21,726,240Liabilities 2022: $106,377Net Assets 2022: $21,619,8632022Assets 2023: $24,912,362Liabilities 2023: $104,322Net Assets 2023: $24,808,0402023Assets 2024: $27,037,763Liabilities 2024: $77,747Net Assets 2024: $26,960,0162024

Highlighted filing

2018

Assets$13,831,224
Liabilities$60,011
Net Assets$13,771,213

Operations Trend

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

$10M$5.0M$0-$5.0MExpenses 2010: $1,959,1952010Expenses 2011: $2,086,1692011Expenses 2012: $2,451,4032012Revenue 2013: $2,152,649Expenses 2013: $2,336,858Net Income 2013: -$184,2092013Revenue 2014: $2,250,995Expenses 2014: $2,686,704Net Income 2014: -$435,7092014Revenue 2015: $2,316,102Expenses 2015: $2,892,686Net Income 2015: -$576,5842015Revenue 2016: $1,439,291Expenses 2016: $2,482,320Net Income 2016: -$1,043,0292016Revenue 2017: $2,930,427Expenses 2017: $2,120,424Net Income 2017: $810,0032017Revenue 2018: $9,815,866Expenses 2018: $2,032,445Net Income 2018: $7,783,4212018Revenue 2018: $9,815,866Expenses 2018: $2,032,445Net Income 2018: $7,783,4212018Revenue 2019: $8,041,430Expenses 2019: $1,987,939Net Income 2019: $6,053,4912019Revenue 2020: $3,139,532Expenses 2020: $1,705,922Net Income 2020: $1,433,6102020Revenue 2021: $3,278,673Expenses 2021: $1,838,656Net Income 2021: $1,440,0172021Revenue 2022: $2,895,824Expenses 2022: $1,973,524Net Income 2022: $922,3002022Revenue 2023: $4,897,764Expenses 2023: $2,493,282Net Income 2023: $2,404,4822023Revenue 2024: $4,839,023Expenses 2024: $3,106,611Net Income 2024: $1,732,4122024

Highlighted filing

2018

Revenue$9,815,866
Expenses$2,032,445
Net Income$7,783,421
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Apr 19, 2019
Return Version
2018v3.1
Gross Receipts
$9,918,818
Mission and Program Overview

Mission

Provide training to construction members

Provide training to construction industry membership

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$1,121,809$7,216,641▲ $6,094,832
Investments in Publicly Traded Securities$2,297,875$3,266,503▲ $968,628
Land, Buildings, and Equipment, Net$1,865,116$1,737,584▼ $127,532
Accounts Receivable$549,705$1,286,617▲ $736,912
Cash and Non-Interest-Bearing Accounts$243,152$241,877▼ $1,275
Pledges and Grants Receivable$31,290$57,115▲ $25,825
Prepaid Expenses and Deferred Charges$8,229$9,021▲ $792
Total Assets$6,121,280$13,831,224▲ $7,709,944
Other Assets Total$4,104$15,866▲ $11,762
Liabilities
Accounts Payable and Accrued Expenses$66,275$60,011▼ $6,264
Total Liabilities$66,275$60,011▼ $6,264
Net Assets / Fund Balance
Unrestricted Net Assets$6,055,005$13,771,213▲ $7,716,208
Total Net Assets Fund Balance$6,055,005$13,771,213▲ $7,716,208
Total Liabilities and Net Assets / Fund Balance$6,121,280$13,831,224▲ $7,709,944

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,309,800$2,183,917$3,493,717
Equipment$126,189$1,106,725$1,232,914
Land$301,595-$301,595
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$478,447
Program Service Revenue
$9,238,550
Investment Income
$98,869
Other Revenue
$0
Change in Net Assets
$7,783,421

Audited Revenue Reconciliation

Revenue per Audited Statements
$9,815,866
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$-67,214
Total Revenue per Audited Statements
$9,748,652
Total Revenue per Form 990
$9,815,866
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,203,839
Other Expenses$634,155
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$587,644--$587,644
Other Employee Benefits$287,720--$287,720
Pension Plan Contributions$266,867--$266,867
Benefits to Members$194,451--$194,451
Depreciation Depletion$139,266--$139,266
Payroll Taxes$61,608--$61,608
Fees for Services Other$57,722--$57,722
Occupancy$55,682--$55,682
Insurance$44,076--$44,076
Conferences and Meetings$21,619--$21,619
Fees for Services Accounting$17,166--$17,166
Other Expenses$14,496--$14,496
Travel$13,637--$13,637
Fees for Service Investment Mgmnt Fees$1,614--$1,614
Advertising$431--$431
Total Functional Expenses$2,032,445$0$0$2,032,445

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,032,445
Total Expenses per Audited Statements$2,032,445
Total Expenses per Form 990$2,032,445
Expenses Not Reported on Financial Statements$0
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
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
No
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, Part VI, Section B, line 11B

No review was or will be conducted by the governing body. The Fund administrator will review and approve the Form 990.

Form 990, Part VI, Section C, line 19

It is not the policy of the Trust to make any items public. Upon request, such items will be made available to the members of the local unions, contributing employers and governmental agencies.

Filing and Contact Details

Filer

Filer Name
West Virginia Laborers'
EIN
55-0524967
Phone
3044899665
Address
P O Box 6, Mineral Wells, WV 26150

Signing Officer

Name
Ross McPherson
Title
Administrator
Phone
3044899665
Signed
2019-04-19
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Craig Harvey
Formed
1967
Legal Domicile
Wv
Voting Board Members
12
Independent Board Members
12
Employees
14
Volunteers
0

Preparer

Firm
Harris Hardin & Company AC
Address
404 Ninth Street - Suite 201, Huntington, WV 25701
Preparer
Wallace B Harris CPA
Phone
3046975720
Supplemental Narrative

Financial Statement Notes

Part X, Line 2:

FASB ASC 740-10 clarifies the accounting and provides guidance for uncertainty in income taxes recognized in an entity's financial statements. It prescribes a recognition threshold and measurement attribute for the financial statement recognition and meaasurement of a tax position taken, or expected to be taken, in a tax return. FASB ASC 740-10-50-15 also provides guidance on derecognition, classification, interest and penalties, accounting in interim periods, disclosure anad transition. A plan's exempt status is a tax position that may be subject to uncertainty. There were no penalties or interest recognized in the Statemet of Net Assets or in the Statement of Changes in Net Assets. Management does not believe its financial statements include any uncertain tax positions. The Fund's tax returns for the years 2015,2016,2017 and 2018 remain subject to examination by major tax jurisdication.

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IRS990/PYOtherExpensesAmt0575433
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt02757996
IRS990/PYRevenuesLessExpensesAmt0810003
IRS990/PYSalariesCompEmpBnftPaidAmt01388911
IRS990/PYTotalExpensesAmt02120424
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt02930427
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt07783421
IRS990/RegularMonitoringEnfrcInd00
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RelatedOrganizationsAmt0107654
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt09238598
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01121809
IRS990/SavingsAndTempCashInvstGrp/EOYAmt07216641
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt09716996
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt02894757
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt01426557
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt02298597
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt02238356
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt018575263
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt098822
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt037841
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt012734
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt015840
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt011277
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0176514
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt098822
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt037841
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt012734
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt015840
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt011277
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0176514
IRS990ScheduleA/InvestmentIncomeCYPct00.00940
IRS990ScheduleA/InvestmentIncomePYPct00.00810
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt03911
IRS990ScheduleA/OtherIncome509Grp/TotalAmt03911
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99040
IRS990ScheduleA/PublicSupportPY509Pct00.99140
IRS990ScheduleA/PublicSupportTotal509Amt018575263
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt09716996
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt02894757
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt01426557
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt02298597
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt02238356
IRS990ScheduleA/Total509Grp/TotalAmt018575263
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt09815818
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt02932598
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt01439291
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt02314437
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt02253544
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt018755688
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt01309800
IRS990ScheduleD/BuildingsGrp/DepreciationAmt02183917
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt03493717
IRS990ScheduleD/EquipmentGrp/BookValueAmt0126189
IRS990ScheduleD/EquipmentGrp/DepreciationAmt01106725
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01232914
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt02032445
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0301595
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0301595
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0-67214
IRS990ScheduleD/RevenueNotReportedAmt0-67214
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt09815866
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0FASB ASC 740-10 clarifies the accounting and provides guidance for uncertainty in income taxes recognized in an entity's financial statements. It prescribes a recognition threshold and measurement attribute for the financial statement recognition and meaasurement of a tax position taken, or expected to be taken, in a tax return. FASB ASC 740-10-50-15 also provides guidance on derecognition, classification, interest and penalties, accounting in interim periods, disclosure anad transition. A plan's exempt status is a tax position that may be subject to uncertainty. There were no penalties or interest recognized in the Statemet of Net Assets or in the Statement of Changes in Net Assets. Management does not believe its financial statements include any uncertain tax positions. The Fund's tax returns for the years 2015,2016,2017 and 2018 remain subject to examination by major tax jurisdication.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X, Line 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01737584
IRS990ScheduleD/TotalExpensesPerForm990Amt02032445
IRS990ScheduleD/TotalRevenuePerForm990Amt09815866
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt09748652
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02032445
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd00
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SubstantiationRequiredInd01
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0No review was or will be conducted by the governing body. The Fund administrator will review and approve the Form 990.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1It is not the policy of the Trust to make any items public. Upon request, such items will be made available to the members of the local unions, contributing employers and governmental agencies.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section C, line 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt06121280
IRS990/TotalAssetsEOYAmt013831224
IRS990/TotalAssetsGrp/BOYAmt06121280
IRS990/TotalAssetsGrp/EOYAmt013831224
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0478447
IRS990/TotalEmployeeCnt014
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt02032445
IRS990/TotalFunctionalExpensesGrp/TotalAmt02032445
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt066275
IRS990/TotalLiabilitiesEOYAmt060011
IRS990/TotalLiabilitiesGrp/BOYAmt066275
IRS990/TotalLiabilitiesGrp/EOYAmt060011
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt06055005
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt013771213
IRS990/TotalOtherCompensationAmt00

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.$27.0$0.08$27.0$4.84$3.11$1.73
2023Summary only. Only limited summary data is available for this year.$24.9$0.10$24.8$4.90$2.49$2.40
2022Summary only. Only limited summary data is available for this year.$21.7$0.11$21.6$2.90$1.97$0.92
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$23.4$0.09$23.3$3.28$1.84$1.44
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$22.0$0.03$22.0$3.14$1.71$1.43
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$20.2$0.04$20.1$8.04$1.99$6.05
2018Detailed filing. Detailed filing data is available for this year.$13.8$0.06$13.8$9.82$2.03$7.78
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$13.8$0.06$13.8$9.82$2.03$7.78
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.12$0.07$6.06$2.93$2.12$0.81
2016Summary only. Only limited summary data is available for this year.$4.22$0.09$4.13$1.44$2.48$1.04
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.27$0.09$5.18$2.32$2.89$0.58
2014Summary only. Only limited summary data is available for this year.$5.82$0.07$5.76$2.25$2.69$0.44
2013Summary only. Only limited summary data is available for this year.$6.27$0.08$6.19$2.15$2.34$0.18
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.45$0.08$6.38$2.45
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.49$0.10$6.39$2.09
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.83$0.08$6.75$1.96