Local 2222 Ibew Benevolent Fund Tr
- Assets
- $29.9k
- Revenue
- $36.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Quincy, MA
- Founding
- 03/2005
- Data as of
- 12/2021
- 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 12/2021, Local 2222 Ibew Benevolent Fund Tr generated $36.7k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.9% each year. All expenses for the organization totaled $24.5k during the year ending 12/2021. While expenses have increased by 1.5% per year over the past 6 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
2021
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 VARIOUS ORGANIZATIONS SUCH AS "HOUSING FAMILIES"AND "BREAD OF LIFE". THESE WORTHWHILE ORGANIZATIONS WERE FOUNDED TO END FAMILY HOMELESSNESS AND OFFERS SHELTER AND SUPPORTIVE SERVICES. $6,647 WAS COLLECTED FROM DONATIONS AND AN ADDITIONAL $1250 WAS CONTRIBUTED FROM LOCAL UNION 2222 IBEW BENEVOLENT FUND TRUST.
LOCAL UNION 2222 BENEVOLENT FUND TRUST DONATED $13,987.80 TO VARIOUS CHARITIES AND CAUSES IN 2021 FROM DONATIONS TO OUR ORGANIZATION AND THE JACK O'SHEA GOLF TOURNAMENT PROCEEDS.
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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 |
Janelle M Quinn Trustee | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $14,125 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,123 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $19,248 |
| Total Program Service Revenue | $6,647 |
| Investment income | $11 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $9,927 |
| Net Income from Gaming Activities | $865 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $36,698 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $24,438 |
| 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 | $110 |
| 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 | $0 |
| Total functional expenses | $24,548 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $29,949 |
| 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 | $29,949 |
| 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 | $29,949 |
| Total liabilities and net assets/fund balances | $29,949 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Local 2222 Ibew Benevolent Fund Tr has recieved totaling $1,174.
| Awarding Organization | Amount |
|---|---|
Verizon Foundation Basking Ridge, NJ PURPOSE: MIP PAYOUT FOR 03/09/21 | $605 |
Verizon Foundation Basking Ridge, NJ PURPOSE: MIP PAYOUT FOR 02/03/21 | $250 |
Verizon Foundation Basking Ridge, NJ PURPOSE: MIP PAYOUT FOR 09/08/21 | $219 |
Verizon Foundation Basking Ridge, NJ PURPOSE: MIP PAYOUT FOR 01/12/21 | $100 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Good Nation Foundation Inc New York, NY | $2,105,948 | $9,558,970 |
New York Times Neediest Cases Fund New York, NY | $66,331,518 | $11,554,497 |
Enveritas Inc New York, NY | $2,653,436 | $10,002,673 |
Rodef Chesed Brooklyn, NY | $766,824 | $8,077,248 |
Tomchai Torah Beretz Yisrael Inc Monsey, NY | $767,829 | $7,981,285 |
American Friends Of The Royal Foundation Of The Duke And Duchess Newtown, MA | $2,911,496 | $8,616,320 |
Mccourt Foundation Inc Braintree, MA | $29,762,470 | $6,917,849 |
Virgin Unite Usa Inc New York, NY | $4,075,760 | $3,415,307 |
Mosdos Hatorah Vhachesed Of Pnei Menachem Inc Brooklyn, NY | $56,343 | $6,197,826 |
The Red Sox Foundation Inc Boston, MA | $19,048,615 | $7,450,414 |
Iranian American Jewish Federation Great Neck, NY | $8,464,426 | $7,729,135 |
Bend The Arc-A Jewish Partnership For Justice New York, NY | $14,031,753 | $6,022,262 |