Local 2222 Ibew Benevolent Fund Tr
- Assets
- $36.0k
- Revenue
- $35.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Quincy, MA
- Founding
- 03/2005
- Data as of
- 12/2022
- EIN
- 04-3490716
Organization Overview
Local 2222 Ibew Benevolent Fund Tr is located in Quincy, MA. The organization was established in 2005. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Local 2222 Ibew Benevolent Fund Tr is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Local 2222 Ibew Benevolent Fund Tr generated $35.7k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 27.3% each year . All expenses for the organization totaled $29.6k during the year ending 12/2022. While expenses have increased by 5.0% per year over the past 3 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
RAISES MONEY TO HELP SUPPORT WORTHWHILE COMMUNITY PROJECTS THAT NEED FUNDING, SUCH AS, SPONSORING SCHOOL SPORTS TEAMS, POLICE AND FIRE DEPARTMENT CAUSES AND VARIOUS DISEASE RESEARCH, ETC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LOCAL 2222 IBEW BENEVOLENT FUND RAISED MONEY FOR "HOUSING FAMILIES". THIS WORTHWHILE ORGANIZATION WAS FOUNDED TO END FAMILY HOMELESSNESS AND OFFERS SHELTER AND SUPPORTIVE SERVICES. $2,100 WAS COLLECTED FROM DONATIONS.
LOCAL UNION 2222 BENEVOLENT FUND TRUST DONATED $17,300 TO VARIOUS CHARITIES AND CAUSES IN 2022 FROM DONATIONS TO OUR ORGANIZATION AND THE JACK O'SHEA GOLF TOURNAMENT PROCEEDS.
LOCAL 2222 BENEVOLENT FUND RAISED $2,200 TO BREAD OF LIFE. THIS WORTHWHILE ORGANIZATION IS A NONPROFIT, NONDENOMINATIONAL, FAITH-BASED FOOD SECURITY ORGANIZATION BASED IN MALDEN, MA THAT PROVIDES OVER 1.5 MILLION POUNDS OF FREE FOOD A YEAR FOR ECONOMICALLY STRUGGLING AND DISADVANTAGED FAMILIES, INDIVIDUALS, YOUTH AND SENIOR CITIZENS IN THE NORTH METRO BOSTON AREA. LOCAL 2222 BENEVOLENT FUND DONATED $5,500 TO THIS ORGANIZATION IN 2022.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kevin J Holland Vice President Trustee | OfficerTrustee | 0.5 | $0 |
Edward V Hastings President Trustee | OfficerTrustee | 0.5 | $0 |
Paul G English Treasurer | OfficerTrustee | 0.5 | $0 |
Keith R Bonasoro Trustee | Trustee | 0.5 | $0 |
Julio D DE La Cruz Trustee | Trustee | 0.5 | $0 |
Jeffrey N Orender Trustee | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $14,100 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $11,308 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $25,408 |
| Total Program Service Revenue | $4,300 |
| Investment income | $16 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $5,939 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $35,663 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $29,300 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $233 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $35 |
| Total functional expenses | $29,568 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $36,044 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $36,044 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $36,044 |
| Total liabilities and net assets/fund balances | $36,044 |
Grants Awarded
Over the last fiscal year, Local 2222 Ibew Benevolent Fund Tr has awarded $12,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
HOUSING FAMILIES INC PURPOSE: $4000 given in "Stop & Shop and "Target" gift cards for Housing Families to redistribute to those in need. The cash grants totaling $2500 were made to fund their Annual Breakfast, 5K Race & Back to School Drive. | $6,500 |
BREAD OF LIFE INC PURPOSE: $4000 in gift cards from Stop & Shop & Target for Bread of Life to use and redistribute to those in need. $500 was given as a donation and $1000 was donated to fund their Walkathon on October 1, 2022. | $5,500 |