GENERAL BUILDING LABORERS' LOCAL 66 TRAINING FUND

EIN: 112816140 501(c)(3) Education

MELVILLE, NY

Total Revenue
$935,750
Total Expenses
$816,177
Total Assets
$1,538,102
Net Assets
$1,498,082
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1986
Legal Domicile
NY
Principal Officer
VINCENT ALU
Phone
6314542330
Tax Period
2024-07-01 to 2025-06-30

GENERAL BUILDING LABORERS' LOCAL 66 TRAINING FUND, founded in 1986, is a small nonprofit in the Education sector that reported $936K in total revenue in fiscal year 2024. Revenue decreased 7% compared to the prior year. Expenses of $816K left a modest 13% surplus.

Mission

TO PROVIDE TRAINING, SKILL IMPROVEMENT AND SAFETY EDUCATION TO ELIGIBLEPARTICIPANTS, AND TO PROVIDE SCHOLARSHIP AWARDS TO THE DEPENDENTCHILDREN OF ELIGIBLE PARTICIPANTS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $18,249
Program Service Revenue $879,706
Investment Income $37,795
Other Revenue $0
TOTAL REVENUE $935,750

Expense Breakdown

Grants Paid $26,000
Salaries & Benefits $387,731
Fundraising Expenses $0
Program Expenses $624,387
Other Expenses $402,446
TOTAL EXPENSES $816,177

Year-over-Year Comparison

2024 2023 Change
Revenue $935,750 $1,008,027 -0.1%
Expenses $816,177 $812,402 +0.0%
Net Income $119,573 $195,625 -0.4%
Key Indicators
✗ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
8
Independent Members
8
Employees
7
Volunteers
N/A

Governance Policies

✓ Conflict of Interest Policy
✓ Whistleblower Policy
✓ Document Retention Policy

Special Practices & Reported Activities

✓ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
1
$205,671
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
VINCENT ALU UNION TRUSTEE 1.00
Director
$0 $0 $0
ANTHONY SPEZIALE UNION TRUSTEE 1.00
Director
$0 $0 $0
MIKE HELLSTROM UNION TRUSTEE 1.00
Director
$0 $0 $0
JOHN O'HARE EMPLOYER TRUSTEE 1.00
Director
$0 $0 $0
ANTONIO FERREIRA EMPLOYER TRUSTEE 1.00
Director
$0 $0 $0
JOHN VIRGA EMPLOYER TRUSTEE - THRU 2/25 1.00
Director
$0 $0 $0
THOMAS HAYES EMPLOYER TRUSTEE 1.00
Director
$0 $0 $0
JOSH SLAUGHTER UNION TRUSTEE - EFF 9/24 1.00
Director
$0 $0 $0
CRAIG NOLLER EMP. TRUSTEE - EFF 2/25 1.00
Director
$0 $0 $0
ALLEN MARMOR FUND MANAGER 3.00
Officer
$0 $63,654 $205,671
DAVID MALICO FUND DIRECTOR 40.00
Highest
$126,403 $63,654 $190,057
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $935,750 $816,177 $1,538,102 $119,573
2024 $1,008,027 $812,402 $1,343,231 $195,625
2023 $836,728 $775,877 $1,195,702 $60,851
2022 $815,652 $695,643 $1,091,629 $120,009
2021 $672,437 $680,675 $1,062,012 $-8,238
2020 $653,307 $673,378 $968,040 $-20,071
2019 $714,503 $692,647 $974,127 $21,856
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