Elevator Constructors Union Local 1 Scholarship Fund
- Assets
- $72.5k
- Revenue
- $16.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Long Island City, NY
- Founding
- 02/1988
- Data as of
- 12/2023
- EIN
- 13-3251442
Organization Overview
Elevator Constructors Union Local 1 Scholarship Fund is located in Long Island City, NY. The organization was established in 1988. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Elevator Constructors Union Local 1 Scholarship Fund 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 12/2023, Elevator Constructors Union Local 1 Scholarship Fund generated $16.9k in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (1.8%) each year. All expenses for the organization totaled $34.0k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Elevator Constructors Union Local 1 Scholarship Fund has awarded 38 individual grants totaling $105,500. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE IUEC LOCAL NO. 1 MEMBER'S DEPENDENTS WHO ARE ATTENDING A COLLEGE OR UNIVERSITY AN OPPORTUNITY TO RECEIVE A SCHOLARSHIP.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William Bulger President / Trustee | 1 | $0 | |
Michael Riegger Secretary - Treasurer | 1 | $0 | |
John Hook Trustee | 1 | $0 | |
David Dambreville Trustee | 1 | $0 | |
Brendan Mccarrick Trustee | 1 | $0 | |
Joseph Houlahan President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $15,920 |
| Interest on Savings | $1,024 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $16,944 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2 |
| Total operating and administrative expenses | $4 |
| Contributions, gifts, grants paid | $34,000 |
| Total expenses and disbursements | $34,004 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $72,537 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $72,537 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $75,060 |
| Total liabilities | $75,060 |
Grants Awarded
Over the last fiscal year, Elevator Constructors Union Local 1 Scholarship Fund has awarded $34,000 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
AMANDA C PIETROFESO PAID TO HOFSTRA PURPOSE: EDUCATION | $5,000 |
CLAUDIA BUERGERT PAID TO SUNY FARMI PURPOSE: EDUCATION | $3,000 |
CLAY'LLE SCUDDER-VANNESS PAID TO RA PURPOSE: EDUCATION | $3,000 |
LUKE REIS PAID TO WESTERN CONNECTIC PURPOSE: EDUCATION | $5,000 |
MARGUERITE A MCAREE PAID TO MUHLENB PURPOSE: EDUCATION | $3,000 |
NATHANIAL WATSON PAID TO WEST VIRGI PURPOSE: EDUCATION | $3,000 |