2020-03-16T14:11:47-05:00 2019-04-30 132781641 MITCHELL & TITUS LLP 80 PINE STREET 32 FL NEW YORK NY 10005 990 2018-05-01 236568023 LABORERS' DISTRICT COUNCIL EDUCATION & TRAINING FUND OF THE PHILADELPHIA AREA LABO 6105240404 500 E LINCOLN HIGHWAY EXTON PA 19341 ALAN R PARHAM FUND ADMINISTRATOR 6105240404 2020-03-16 1 FREDERICK E DAVIS JR P00446023 2127094500 108.41.49.64 2020-03-16 14:07:58 ED P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 A344DD58239D8D08B4451429FA5BBA314E8BA6B5 2018 2020-09-23 17:36:50Z ALAN PARHAM 500 E LINCOLN HIGHWAY EXTON PA 19341 44347267 0 X WWW.LDC-PHILA-VIC.ORG X 1980 PA TO PROVIDE EDUCATION & TRAINING TO QUALIFYING MEMBERS UNDER A COLLECTIVE BARGAINING AGREEMENT. 9 9 25 9 0 0 0 0 9910649 9917856 385536 409946 137496 68526 10433681 10396328 0 0 0 0 2209601 2224587 0 0 0 2100083 1982042 4309684 4206629 6123997 6189699 23060106 29553720 694372 989319 22365734 28564401 X TO PROVIDE EDUCATION AND TRAINING IN THE BUILDING AND CONSTRUCTION TRADE, TO TRAIN JOURNEYMEN WHO ARE NOW IN THE TRADE, TO ASSIST IN PROVIDING TRAINING THAT WILL EQUIP THEM FOR PROFITABLE EMPLOYMENT AND CITIZENSHIP, AND TO FURTHER THE ASSURANCE TO THE EMPLOYERS OF PROFICIENT WORKMEN TO THE END THAT THE PUBLIC MAY RECEIVE THE BEST POSSIBLE WORKMANSHIP. 0 0 2905736 0 9986382 EDUCATION & TRAINING SERVICES TO QUALIFYING MEMBERS OF PARTICIPATING UNIONS AND LABOR ASSOCIATIONS IN THE CONSTRUCTION INDUSTRY UNDER A COLLECTIVE BARGAINING AGREEMENT 2905736 1 0 0 0 0 0 0 0 0 0 1 0 0 1 1 1 0 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 1 0 1 15 0 1 25 1 0 0 0 0 0 0 0 0 0 0 0 0 X 9 9 1 0 0 0 0 1 0 1 1 0 0 1 1 1 1 0 0 1 0 0 X ALAN R PARHAM 6105240404 500 E LINCOLN HIGHWAY EXTON PA 19341 STANLEY SANDERS TRUSTEE 1.00 4.00 X 0 0 0 RYAN N BOYER TRUSTEE 1.00 4.00 X 0 0 0 JAMES HARPER JR TRUSTEE 1.00 4.00 X 0 0 0 SAMUEL STATEN JR TRUSTEE 1.00 4.00 X 0 0 0 DANIEL L WOODALL JR TRUSTEE 1.00 4.00 X 0 0 0 VERNON WOODALL TRUSTEE 1.00 4.00 X 0 0 0 JAMES R DAVIS TRUSTEE 1.00 4.00 X 0 0 0 BENJAMIN CONNORS TRUSTEE 1.00 4.00 X 0 0 0 AMY HENNESSEY TRUSTEE 1.00 4.00 X X 0 0 0 ALAN M PARHAM FUND ADMINISTRATOR 10.00 40.00 X 156052 61558 83806 156052 61558 83806 1 0 1 0 CAMILLE PELUSO ARCHITECTS 215 S 15TH STREET PHILADELPHIA PA 19102 ARCHITECT 338285 CLEARY JOSEM & TRIGIANI LLP 325 CHESTNUT AVENUE PHILADELPHIA PA 19106 LEGAL SERVICES 179666 DUANE MORRIS LLP 30 S 17TH S PHILADELPHIA PA 19103 LEGAL SERVICES 104248 3 EMPLOYER CONTRIBUTIONS 611600 9917856 9917856 9917856 324174 324174 33981880 54831 33943526 7413 38354 47418 85772 85772 ALLOCATED PAYROLL AND BENEFITS 900099 66915 66915 CLASS ACTION SETTLEMENTS 900099 1611 1611 68526 10396328 9986382 0 409946 217610 217610 966295 800671 165624 928751 595241 333510 111931 76511 35420 77976 77976 103094 103094 35038 35038 15886 15886 37804 2443 35361 34007 34007 340831 315110 25721 46890 38383 8507 279078 279078 170911 82709 88202 FOOD SERVICES 221083 221083 TRAINING EXPENSES 182879 182879 EQUIPMENT RENTAL&MAINTE 148879 148879 SECURITY 121179 121179 166507 41570 124937 4206629 2905736 1300893 0 0 2350 5555069 7503502 1309666 1302669 80571 73006 15104725 6781995 3876267 8322730 10623933 10667100 1614600 1682363 23060106 29553720 312238 552862 150079 225546 232055 210911 694372 989319 X 22125304 28323971 240430 240430 22365734 28564401 23060106 29553720 6189699 8968 0 X 0 1 X 1 0 X 0 0 3541265 3541265 8583038 5982881 2600157 100317 100315 2 644832 594415 50417 2235273 104384 2130889 8322730 DUE FROM OTHER FUNDS 427796 PROPERTY HELD FOR SALE 506910 DEFERRED FINANCE COST 737857 OTHER ASSETS 9800 1682363 DUE TO OTHER FUNDS 210911 210911 X 10405296 8968 8968 10396328 0 10396328 4206629 0 4206629 0 4206629 PART X, LINE 2: U.S. GAAP REQUIRES FUND MANAGEMENT TO EVALUATE UNCERTAIN TAX POSITIONS TAKEN BY THE FUND. THE CONSOLIDATED FINANCIAL STATEMENT EFFECTS OF A TAX POSITION ARE RECOGNIZED WHEN THE POSITION IS MORE-LIKELY-THAN-NOT, BASED ON THE TECHNICAL MERITS, TO BE SUSTAINED UPON EXAMINATION BY THE IRS. THE FUND ADMINISTRATOR HAS ANALYZED THE TAX POSITIONS TAKEN BY THE FUND, AND HAS CONCLUDED THAT AS OF APRIL 30, 2019, THERE WERE NO UNCERTAIN TAX POSITIONS TAKEN OR ARE EXPECTED TO BE TAKEN. THE FUND HAS RECOGNIZED NO INTEREST OR PENALTIES RELATED TO UNCERTAIN TAX POSITIONS. THE FUND IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. THE FUND ADMINISTRATOR BELIEVES IT IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR YEARS PRIOR TO 2016. 1 1 1 1 0 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 THE FUND'S RACIAL NONDISCRIMINATION POLICY IS PUBLISHED AS PART OF ITS REGULAR ADVERTISING AND INCLUDED ON ITS WEBSITE. SCHEDULE E, PART I, LINE 4 THE FUND PROVIDES TRAINING TO QUALIFYING MEMBERS FREE OF CHARGE. AS SUCH, THE FUND DOES NOT OFFER SCHOLARSHIPS OR OTHER FINANCIAL ASSISTANCE. X X 0 0 0 0 0 0 0 0 0 ALAN M PARHAM FUND ADMINISTRATOR 156052 61558 0 0 0 0 0 62486 21320 0 177372 124044 0 0 FORM 990, PART VI, SECTION A, LINE 2 DANIEL L. WOODALL, JR. AND VERNON WOODHALL HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION A, LINE 7A OUT OF THE TEN TRUSTEES, FIVE (5) ARE DESIGNATED BY THE LABORERS ' DISTRICT COUNCIL OF THE METROPOLITAN AREA OF PHILADELPHIA AND VICINITY, LABORERS' INTERNATIONAL UNION OF NORTH AMERICA AND FIVE (5) ARE APPOINTED BY THE PARTICIPATING LABOR ASSOCIATIONS - THREE (3) BY THE CONTRACTORS ASSOCIATION OF EASTERN PENNSYLVANIA AND TWO (2) BY THE GENERAL BUILDING CONTRACTORS ASSOCIATION. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY THE FUND ADMINISTRATOR AND FUND ACCOUNTANT. THEN, THE FORMS 990 IS SENT TO THE CO-COUNSELS OF THE FUNDS AS THE TRUSTEES PERMIT THE CO-COUNSELS TO REVIEW THE 990 ON THEIR BEHALF. THE FORM 990 IS SUBSEQUENTLY REVIEWED BY THE ENTIRE BOARD AT THE NEXT SCHEDULED TRUSTEE MEETING. FORM 990, PART VI, SECTION B, LINE 12C ANY DIRECTOR, PRINCIPAL OFFICER, OR COMMITTEE MEMBER OF THE GOVERNING BOARD THAT HAS A DIRECT OR INDIRECT FINANCIAL INTEREST, HAS THE DUTY TO DISCLOSE ANY ACTUAL OR POSSIBLE CONFLICT OF INTEREST. THE INTERESTED PERSON MAY MAKE A PRESENTATION AT THE GOVERNING BOARD OR COMMITTEE MEETING, BUT AFTER THE PRESENTATION, HE/SHE SHALL LEAVE THE MEETING DURING THE DISCUSSION OF, AND THE VOTE ON, THE TRANSACTION OR ARRANGEMENT INVOLVING THE POSSIBLE CONFLICT OF INTEREST. THE CHAIRPERSON OF THE GOVERNING BOARD OR COMMITTEE SHALL, IF APPROPRIATE, APPOINT A DISINTERESTED PERSON OR COMMITTEE TO INVESTIGATE ALTERNATIVES TO THE PROPOSED TRANSACTION OR ARRANGEMENT. AFTER EXERCISING DUE DILIGENCE, THE GOVERNING BOARD OR COMMITTEE SHALL DETERMINE WHETHER THE ORGANIZATION CAN OBTAIN WITH REASONABLE EFFORTS A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT FROM A PERSON OR ENTITY THAT WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST. IF A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT IS NOT REASONABLY POSSIBLE UNDER CIRCUMSTANCES NOT PRODUCING A CONFLICT OF INTEREST, THE GOVERNING BOARD OR COMMITTEE SHALL DETERMINE BY A MAJORITY VOTE OF THE DISINTERESTED DIRECTORS WHETHER THE TRANSACTION OR ARRANGEMENT IS IN THE ORGANIZATION'S BEST INTEREST, FOR ITS OWN BENEFIT, AND WHETHER IT IS FAIR AND REASONABLE. FORM 990, PART VI, SECTION B, LINE 15A THE TRUSTEES REVIEW EMPLOYEE COMPENSATION ON AN ANNUAL BASIS BY REVIEWING JOB PERFORMANCE, JOB QUALIFICATIONS AND INDUSTRY CONDITIONS. COMPENSATION ARRANGEMENTS ARE ALSO SUBJECT TO PERIODIC REVIEWS TO ENSURE COMPENSATION AND BENEFITS ARE REASONABLE, BASED ON COMPETENT SURVEY INFORMATION, AND THE RESULT OF ARM'S LENGTH BARGAINING. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. 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