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LOCAL 580- EDUCATIONAL FUND
NEW YORK, NY · EIN 237040036 · Form 990 · FY2024 · Medium ($1M-$10M)
revenue
$4.4M
expenses
$3.9M
net assets
$42.7M
employees
22
program ratio
67%
mission · from form 990

TO PROVIDE TRAINING, SKILL IMPROVEMENT, AND SAFETY EDUCATION TO ELIGIBLE PARTICIPANTS.

profile · synthesized from sources

Provides training, skill improvement, and safety education to eligible participants. The organization operates in New York and focuses on workforce-related education programs. Its activities are aligned with supporting individuals in developing practical skills and safety knowledge for employment.

named programs · 2 · from sources

What they call their work

Safety Education Program
Delivers safety training and education to participants, focusing on workplace safety standards and practices
Skill Improvement Training
Program providing skill development and enhancement for eligible participants in preparation for employment or career advancement
activities · 1 group

What they do

financials · form 990 · fy2024
revenue
Total revenue$4.41M
Contributions & grants$00%
Program service revenue$3.00M68%
Investment income$1.21M27%
Other revenue$207K
expenses
Total expenses$3.94M
Program expenses67%
Admin / overhead33%
Fundraising0%
Salaries & benefits$1.97M
Grants paid out$0
Largest expense lineCompensation
balance sheet
Total assets$42.89M
Cash$240K
Investments$29.91M
Liabilities$148K
Net assets$42.74M
Liquid reserves91.9 mo
5 years on record · 2020–2024 · YoY revenue -0.2%
leadership · form 990 part vii · fy2024

Who runs it

paid leadership · 4
NameTitleHours/wkCompensation
RICHARD M FALASCA DIRECTOR OF EDUCATION 0 $347K
BRENDAN TORMEY FUND ADMINISTRATOR 2 $310K
NOEL QUINONES INSTRUCTOR 45 $289K
JOSEPH ROONEY INSTRUCTOR 45 $281K
board members · 10
  • EARL DUNN — UNION TRUSTEE - THRU 12/24
  • ENRIQUE MARCANO — UNION TRUSTEEE - EFF 12/24
  • JOSEPH MAFFEI — UNION TRUSTEE
  • JOSEPH NOLAN — UNION TRUSTEE
  • KEVIN MCKEON — UNION TRUSTEE
  • PETER CARRIERO — EMPLOYER TRUSTEE
  • RANDALL MENT — EMPLOYER TRUSTEE
  • RANDALL RIFELLI — EMPLOYER TRUSTEE
  • STEVE DONOFRIO — UNION TRUSTEE
  • THOMAS MILTON — UNION TRUSTEE
strategies · 1

How they approach the work

Named approaches extracted from this org’s sources. Where others share an approach, follow it to see the full set of orgs running it.