Civic Intelligence

Laundry Industry Fund Inc

990EZ • Fiscal year 2023 • EIN 83-4012296

Jan 01, 2023 to Dec 31, 2023 • Filed on Nov 13, 2024

Organization ProfileN/A
CO Amalgamated LifeWhite Plains, NY 10604

(914) 367-5000

Siviq Scores

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

Liabilities / Assets

65th percentile

0.00x

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

2023 filings • NTEE J • <$500k nonprofits • Source year 2023

Liabilities / Revenue

65th percentile

0.00x

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

2023 filings • NTEE J • <$500k nonprofits • Source year 2023

Net Margin

98th percentile

92%

Higher net margin than 98% of similar nonprofits.

2023 filings • NTEE J • <$500k nonprofits • Source year 2023

Top Officer Pay

68th percentile

$0

Higher top officer pay than 68% of similar nonprofits.

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

2023 filings • NTEE J • <$500k nonprofits • Source year 2023

Asset Growth

82nd percentile

29%

Faster asset growth than 82% of similar nonprofits.

2023 filings • NTEE J • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

80th percentile

28%

Faster revenue growth than 80% of similar nonprofits.

2023 filings • NTEE J • <$500k nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets65th percentile

Assets

Up

$412,064

Up $93,835 (+29%) from 2022

Net Assets

Up

$412,064

Up $93,835 (+29%) from 2022

Liabilities

Flat

$0

Flat from 2022

Revenue And Expenses
Liabilities / Revenue65th percentileNet Margin98th percentile

Revenue

Up

$101,530

Up $21,901 (+28%) from 2022

Expenses

Up

$7,695

Up $7,685 (+76850%) from 2022

Net Income

Up

$93,835

Up $14,216 (+18%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth82nd percentile

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

$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

2023

Assets$412,064
Liabilities$0
Net Assets$412,064
Open 2023 Filing

Operations Trend

Revenue Growth80th percentile

Revenue, expenses, and net income across loaded years, with this 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

2023

Revenue$101,530
Expenses$7,695
Net Income$93,835
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 13, 2024
Return Version
2023v5.1
Gross Receipts
$101,530
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.

Program Services

DescriptionGrantsExpenses
EDUCATE BUSINESSES, WORKERS AND THE PUBLIC IN NEW YORK, NEW JERSEY AND CONNECTICUT ABOUT STANDARDS AND WORKING CONDITIONS IN THE SECTOR.$0$0
Compensation and Service Providers
Top Officer Pay68th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
MEGAN CHAMBERSDirector-$0--
ALBERT ARROYODirector-$0--
MARK ANGENYDirector-$0--
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
2024-11-13
Discuss with paid preparer
Yes

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-ez, Part I, Line 8 - Other Revenue

“Description: interest income. Amount: 14,188.”

Form 990-ez, Part I, Line 16 - Other Expenses

“Description: bank charges. Amount: 195.”

Raw XML Appendix105 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.

Path#Value
IRS990EZ/ActivitiesNotPreviouslyRptInd00
IRS990EZ/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0AMALGAMATED EMPLOYEE BENEFITS ADMINISTRATORS
IRS990EZ/BooksInCareOfDetail/PhoneNum09143675735
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt0333 WESTCHESTER AVENUE
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0WHITE PLAINS
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NY
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd010604
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt0318229
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt0412064
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd00
IRS990EZ/DirectIndirectPltclExpendAmt00
IRS990EZ/DonorAdvisedFndsInd00
IRS990EZ/ExcessOrDeficitForYearAmt093835
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt07500
IRS990EZ/ForeignFinancialAccountInd00
IRS990EZ/ForeignOfficeInd00
IRS990EZ/Form990TotalAssetsGrp/BOYAmt0318229
IRS990EZ/Form990TotalAssetsGrp/EOYAmt0412064
IRS990EZ/GrossReceiptsAmt0101530
IRS990EZ/InfoInScheduleOPartIIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/InfoInScheduleOPartVInd0X
IRS990EZ/MadeLoansToFromOfficersInd00
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt0318229
IRS990EZ/NetAssetsOrFundBalancesEOYAmt0412064
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt0318229
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt0412064
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt00.50
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt10.50
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt20.50
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0MEGAN CHAMBERS
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1ALBERT ARROYO
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2MARK ANGENY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2DIRECTOR
IRS990EZ/OperateHospitalInd00
IRS990EZ/Organization501cInd0X
IRS990EZ/OrganizationDissolvedEtcInd00
IRS990EZ/OrganizationHadUBIInd00
IRS990EZ/OtherAssetsTotalDetail/BOYAmt00
IRS990EZ/OtherChangesInNetAssetsAmt00
IRS990EZ/OtherExpensesTotalAmt0195
IRS990EZ/OtherRevenueTotalAmt014188
IRS990EZ/PoliticalCampaignActyInd00
IRS990EZ/PrimaryExemptPurposeTxt0IMPROVE 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.
IRS990EZ/ProgramServiceRevenueAmt087342
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0EDUCATE BUSINESSES, WORKERS AND THE PUBLIC IN NEW YORK, NEW JERSEY AND CONNECTICUT ABOUT STANDARDS AND WORKING CONDITIONS IN THE SECTOR.
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt00
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt00
IRS990EZ/ProhibitedTaxShelterTransInd00
IRS990EZ/RelatedOrganizationCtrlEntInd00
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/StatesWhereCopyOfReturnIsFldCd0NY
IRS990EZ/SubjectToProxyTaxInd00
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt00
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt00
IRS990EZ/TanningServicesProvidedInd00
IRS990EZ/TotalExpensesAmt07695
IRS990EZ/TotalRevenueAmt0101530
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0N/A
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DESCRIPTION: INTEREST INCOME. AMOUNT: 14,188.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DESCRIPTION: BANK CHARGES. AMOUNT: 195.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 8 - OTHER REVENUE
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSES
TransferPrsnlBnftContractsDecl/DeclarationDesc0THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT.
ReturnHeader/BuildTS02024-10-15 13:58:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0MEGAN CHAMBERS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum09143675000
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-11-13
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0LAUNDRY INDUSTRY FUND INC
ReturnHeader/Filer/BusinessNameControlTxt0LAUN
ReturnHeader/Filer/EIN0834012296
ReturnHeader/Filer/PhoneNum09143675000
ReturnHeader/Filer/USAddress/AddressLine1Txt0CO AMALGAMATED LIFE
ReturnHeader/Filer/USAddress/CityNm0WHITE PLAINS
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd010604
ReturnHeader/IRSResponsiblePrtyInfoCurrInd00
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0132688836
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0ROGOFF & COMPANY PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0355 LEXINGTON AVENUE 6TH FLOOR
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0NEW YORK
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0100176603
ReturnHeader/PreparerPersonGrp/PhoneNum02125575666
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ABDELLATIF ELMAGHRABI
ReturnHeader/ReturnTs02024-11-14T18:22:15-06:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2023 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$412,064
Liabilities
$0
Net assets
$412,064
Revenue
$101,530
Expenses
$7,695
Net income
$93,835
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.42$0.00$4.42$2.14$1.83$0.30
2023Detailed filing. Detailed filing data is available for this year.$4.12$0.00$4.12$1.02$0.08$0.94
2022Detailed filing. Detailed filing data is available for this year.$3.18$0.00$3.18$0.80$0.00$0.80