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Filing year 2024

LOCAL 580- EDUCATIONAL FUND

New York, New York·EIN 23-7040036·5
Total revenue
$4.4M
Total assets
$42.9M
Total expenses
$3.9M
Reported officers
14
Mission

TO OPERATE TRAINING AND EDUCATION PROGRAMS FOR APPRENTICES OF LOCAL 580 AND TO GIVE RETRAINING AND ADDITIONAL TRAINING TO JOURNEYMEN OF LOCAL 580.

Executive compensation, broken down

Form 990 · Schedule J · 4 reported individuals · Filing year 2024

Percentile bands compare each position's total pay with the same role at nonprofits nationwide, across all sectors.

Instructor
Highest Compensated Employee
75th to 90th percentile
$289k
$312k
Base
$187k
Bonus
Other
Benefits
$36k
Instructor
Highest Compensated Employee
75th to 90th percentile
$281k
$304k
Base
$178k
Bonus
Other
Benefits
$37k
Director of Education
Director (Operational)
Median to 75th percentile
$146k
$158k
Fund Administrator
Key Employee
25th percentile to median
$128k
$138k

Teal figures restate each filed amount in 2026 dollars.

Estimated with New York-Newark-Jersey City, NY-NJ-PA metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 10 unpaid individuals.

Up 2%
from 2023

From $283k in 2023 to $289k in 2024.

$283k
2023
$289k
2024
In today's dollarsEst.
Down 2% in real terms$318k to $312k

Estimated with New York-Newark-Jersey City, NY-NJ-PA metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Pay for the position

Highest Compensated Employee pay rose 2% from 2023 to 2024, while revenue held roughly steady.

$283k in 2023 to $289k in 2024.
  • Director (Operational) pay rose 3% from 2023 to 2024.
  • Key Employee pay rose 3% from 2023 to 2024.

Pay for the position itself, not any one person. The officeholder may have changed between 2023 and 2024.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.
Financial trend

Revenue and expenses over time

LOCAL 580- EDUCATIONAL FUND reported revenue and expenses across 2 filing years.

RevenueExpenses
$4.4M
$3.6M
2023
$4.4M
$3.9M
2024
Total revenue and total expenses from IRS Form 990 filings.
FAQ

Common questions about LOCAL 580- EDUCATIONAL FUND

What does the Highest Compensated Employee of LOCAL 580- EDUCATIONAL FUND earn?

In 2024, the Highest Compensated Employee of LOCAL 580- EDUCATIONAL FUND received $288,519 in total compensation. This pay is in the top quarter for Highest Compensated Employee roles among nonprofits nationwide, across all sectors, though not the top 10% of comparable filings. Based on IRS Form 990 data.

How does Highest Compensated Employee pay at LOCAL 580- EDUCATIONAL FUND compare with similar nonprofits?

Compared with the same role at nonprofits nationwide, across all sectors, the 2024 pay of the Highest Compensated Employee at LOCAL 580- EDUCATIONAL FUND falls between the 75th and 90th percentiles.

What are LOCAL 580- EDUCATIONAL FUND's revenue and expenses?

In 2024, LOCAL 580- EDUCATIONAL FUND reported $4.4M in total revenue and $3.9M in total expenses on its IRS Form 990.

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