Civic Intelligence

Laundry Industry Fund Inc

EIN 83-4012296 • 501(c)6 • White Plains, NY

Profile

Improve communication between representatives of labor and management while providing workers and employers with opportunities to study and explore new and innovative joint approaches to achieve organizational effectiveness and job security. Assist workers and employers in solving problems of mutual concern not susceptible to resolution within the collective bargaining process, and educate stakeholders in the industry, policymakers and the broader public about relevant labor issues.

CO Amalgamated LifeWhite Plains, NY 10604

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

49th percentile

0.00x

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

501(c)6 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

50th percentile

0.00x

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

501(c)6 • <$500k nonprofits • Source year 2024

Net Margin

74th percentile

14%

Higher net margin than 74% of similar nonprofits.

501(c)6 • <$500k nonprofits • Source year 2024

Top Officer Pay

80th percentile

$0

Higher top officer pay than 80% of similar nonprofits.

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

501(c)6 • <$500k nonprofits • Source year 2022

Asset Growth

79th percentile

18%

Faster asset growth than 79% of similar nonprofits.

501(c)6 • <$500k nonprofits • Annualized from 2022 to 2024

Revenue Growth

92nd percentile

64%

Faster revenue growth than 92% of similar nonprofits.

501(c)6 • <$500k nonprofits • Annualized from 2022 to 2024

Assets

Up

$442,385

Up $30,321 (+7.4%) from 2023

Liabilities

Flat

$0

Flat from 2023

Net Assets

Up

$442,385

Up $30,321 (+7.4%) from 2023

Revenue

Up

$213,739

Up $112,209 (+111%) from 2023

Expenses

Up

$183,418

Up $175,723 (+2284%) from 2023

Net Income

Down

$30,321

Down $63,514 (-68%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$600K$400K$200K$0Assets 2022: $318,229Liabilities 2022: $0Net Assets 2022: $318,2292022Assets 2023: $412,064Liabilities 2023: $0Net Assets 2023: $412,0642023Assets 2024: $442,385Liabilities 2024: $0Net Assets 2024: $442,3852024

Highlighted filing

2024

Assets$442,385
Liabilities$0
Net Assets$442,385

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$300K$200K$100K$0Revenue 2022: $79,629Expenses 2022: $10Net Income 2022: $79,6192022Revenue 2023: $101,530Expenses 2023: $7,695Net Income 2023: $93,8352023Revenue 2024: $213,739Expenses 2024: $183,418Net Income 2024: $30,3212024

Highlighted filing

2024

Revenue$213,739
Expenses$183,418
Net Income$30,321

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 14, 2025
Return Version
2024v5.2
Gross Receipts
$213,739
Mission and Program Overview

Mission

Improve communication between representatives of labor and management while providing workers and employers with opportunities to study and explore new and innovative joint approaches to achieve organizational effectiveness and job security. Assist workers and employers in solving problems of mutual concern not susceptible to resolution within the collective bargaining process, and educate stakeholders in the industry, policymakers and the broader public about relevant labor issues.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$412,064$442,385▲ $30,321
Cap Stk Tr Prin Current Funds$412,064$442,385▲ $30,321
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Rtn Earn Endowment Incm Other Fnds$0$0→ $0
Total Assets$412,064$442,385▲ $30,321
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$412,064$442,385▲ $30,321
Total Liabilities and Net Assets / Fund Balance$412,064$442,385▲ $30,321
Compensation and Service Providers

Board Members and Trustees

NameTitle
Albert ArroyoDirector
Mark AngenyDirector
Megan ChambersDirector

Highest Paid Contractors

ContractorServicesLocationCompensation
Webridge Solutions LLCConsulting794 PRESIDENT STREET, Brooklyn, NY 11215$105,000
Revenue and Support

Revenue Composition

Contributions and Grants
$191,519
Program Service Revenue
$0
Investment Income
$22,220
Other Revenue
$0
All Other Contributions
$191,519
Change in Net Assets
$30,321
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$183,418
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other---$105,000
Insurance---$9,975
Fees for Services Accounting---$4,000
Other Expenses---$55
Total Functional Expenses$0$0$0$183,418
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
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 B, Line 11B

The board compares the return to the internal financial documents and approves the information provided. They also review the return in detail for the information provided

Form 990, Part VI, Section B, Line 12

The institute regularly and consistently monitors and enforces compliance with the conflict of interest policy.

Form 990, Part VI, Section B, Line 15

Compensation determined by committee chaired by chairman of board

Form 990, Part VI, Section C, Line 19

UPON WRITTEN REQUEST

Filing and Contact Details

Filer

Filer Name
Laundry Industry Fund Inc
EIN
83-4012296
Phone
9143675000
Address
CO AMALGAMATED LIFE, WHITE PLAINS, NY 10604

Signing Officer

Name
Megan Chambers
Title
Director
Phone
9143675000
Signed
2025-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Megan Chambers
Formed
2019
Legal Domicile
Ny
Voting Board Members
3
Independent Board Members
3
Employees
0
Volunteers
0

Preparer

Firm
Rogoff & Company Pc
Address
355 LEXINGTON AVENUE 6TH FLOOR, NEW YORK, NY 10017-6603
Preparer
Abdellatif Elmaghrabi
Phone
2125575666
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

CONSULTING FEE 105,000.

Raw XML Appendix253 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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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/TitleTxt0DIRECTOR
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IRS990/GrossReceiptsAmt0213739
IRS990/GroupReturnForAffiliatesInd00
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IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt03
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
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IRS990/InsuranceGrp/TotalAmt09975
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IRS990/IRPDocumentCnt00
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IRS990/MinutesOfCommitteesInd01
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE BOARD COMPARES THE RETURN TO THE INTERNAL FINANCIAL DOCUMENTS AND APPROVES THE INFORMATION PROVIDED. THEY ALSO REVIEW THE RETURN IN DETAIL FOR THE INFORMATION PROVIDED
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE INSTITUTE REGULARLY AND CONSISTENTLY MONITORS AND ENFORCES COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2COMPENSATION DETERMINED BY COMMITTEE CHAIRED BY CHAIRMAN OF BOARD
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3UPON WRITTEN REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4CONSULTING FEE 105,000.
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ReturnHeader/BuildTS02025-03-06 01:10:19Z
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
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ReturnHeader/PreparerPersonGrp/PhoneNum02125575666
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ABDELLATIF ELMAGHRABI
ReturnHeader/ReturnTs02025-11-17T12:40:13-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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