LABOR EDUCATION AND RESEARCH PROJECT

EIN: 382206621 501(c)(3) Employment

BROOKLYN, NY

Total Revenue
$2,489,858
Total Expenses
$2,136,367
Total Assets
$2,974,708
Net Assets
$2,430,110
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
1978
Legal Domicile
MI
Principal Officer
DIANA VARENIK
Phone
7182844144
Tax Period
2024-01-01 to 2024-12-31

LABOR EDUCATION AND RESEARCH PROJECT, founded in 1978, is a community nonprofit in the Employment sector that reported $2.5M in total revenue in fiscal year 2024. Revenue surged 80% from the prior year, signaling strong growth momentum. Expenses of $2.1M left a modest 14% surplus.

Mission

WE PROVIDE LABOR EDUCATION THROUGH A MONTHLY JOURNAL, PUBLISHED BOOKS, A NATIONAL BIENNIAL CONFERENCE, AND REGULAR TRAINING AND EVENTS.

Program Service Accomplishments

Program 1
Expenses: $1,436,544 Revenue: $1,005,017

TO PROMOTE ORGANIZING, AGGRESSIVE STRATEGIES TO FIGHT CONCESSIONS, ALLIANCES WITH WORKER CENTERS, AND UNIONS THAT ARE RUN BY THEIR MEMBERS.LABOR EDUCATION AND RESEARCH PROJECT D/B/A LABOR NOTES IS A...

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TO PROMOTE ORGANIZING, AGGRESSIVE STRATEGIES TO FIGHT CONCESSIONS, ALLIANCES WITH WORKER CENTERS, AND UNIONS THAT ARE RUN BY THEIR MEMBERS.LABOR EDUCATION AND RESEARCH PROJECT D/B/A LABOR NOTES IS A MEDIA AND ORGANIZING PROJECT THAT HAS BEEN THE VOICE OF UNION ACTIVISTS WHO WANT TO PUT THE MOVEMENT BACK IN THE LABOR MOVEMENT SINCE 1979. THROUGH ITS MAGAZINE, WEBSITE, BOOKS, CONFERENCES, AND WORKSHOPS, IT PROMOTES ORGANIZING, AGGRESSIVE STRATEGIES TO FIGHT CONCESSIONS, ALLIANCES WITH WORKER CENTERS, AND UNIONS THAT ARE RUN BY THEIR MEMBERS. LABOR NOTES IS ALSO A NETWORK OF RANK-AND-FILE MEMBERS, LOCAL UNION LEADERS, AND LABOR ACTIVISTS WHO KNOW THE LABOR MOVEMENT IS WORTH FIGHTING FOR. IT ENCOURAGES CONNECTIONS BETWEEN WORKERS IN DIFFERENT UNIONS, WORKER CENTERS, COMMUNITIES, INDUSTRIES, AND COUNTRIES TO STRENGTHEN THE MOVEMENT FROM THE BOTTOM UP.

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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 $1,317,593
Program Service Revenue $841,346
Investment Income $93,233
Other Revenue $237,686
TOTAL REVENUE $2,489,858

Expense Breakdown

Grants Paid $42,968
Salaries & Benefits $1,285,177
Fundraising Expenses $90,622
Program Expenses $1,436,544
Other Expenses $808,222
TOTAL EXPENSES $2,136,367

Year-over-Year Comparison

2024 2023 Change
Revenue $2,489,858 $1,383,313 +0.8%
Expenses $2,136,367 $1,394,885 +0.5%
Net Income $353,491 $-11,572 -31.5%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
8
Independent Members
8
Employees
20
Volunteers
560

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
4
$80,886
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ELLEN DAVID FRIEDMAN PRESIDENT 1.00
Officer Director
$0 $0 $0
JANE SLAUGHTER SECRETARY 1.00
Officer Director
$0 $0 $0
KEN PAFF TREASURER 1.00
Officer Director
$0 $0 $0
MARSHA NIEMEIJER DIRECTOR 1.00
Director
$0 $0 $0
ROSA PONCE DIRECTOR 1.00
Director
$0 $0 $0
KEVIN LIN DIRECTOR 1.00
Director
$0 $0 $0
MAGALY LICOLLI DIRECTOR 1.00
Director
$0 $0 $0
PAUL PRESCOD DIRECTOR 1.00
Director
$0 $0 $0
ALEXANDRA DEANE OPERATIONS COORDINATOR 40.00
Officer
$73,256 $7,630 $80,886
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
2024 $2,489,858 $2,136,367 $2,974,708 $353,491
2023 $1,383,313 $1,394,885 $2,293,831 $-11,572
2022 $1,988,813 $1,427,628 $2,148,914 $561,185
2021 $973,130 $710,274 $1,877,344 $262,856
2020 $861,915 $821,523 $1,630,588 $40,392
2019 $887,429 $911,308 $1,357,360 $-23,879
2018 $1,551,582 $866,111 $1,306,130 $685,471
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