Ibew Local No 99 Scholarship Educational Fund
- Assets
- $428.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Cranston, RI
- Founding
- 06/2014
- Data as of
- 06/2024
- EIN
- 20-1023983
Organization Overview
Ibew Local No 99 Scholarship Educational Fund is located in Cranston, RI. The organization was established in 2014. 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. Ibew Local No 99 Scholarship Educational 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 06/2024, Ibew Local No 99 Scholarship Educational Fund generated $156.4k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 24.9% each year . All expenses for the organization totaled $44.4k during the year ending 06/2024. While expenses have increased by 29.6% per year over the past 9 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2024
Describe the Organization's Program Activity:
Part 3
TO ENCOURAGE ITS MEMBERS AND THEIR DEPENDENTS TO IMPROVE THEIR EDUCATIONAL BACKGROUND, ENHANCE THE UNION'S INDUSTRY, AND IMPROVE THE LIFESTYLE OF THE MEMBERS OF THE UNION, THEIR FAMILY, AND THEIR COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joseph Walsh Chairman | 1 | $0 | |
Wayne Tait Trustee | 1 | $0 | |
Eric Wineman Trustee | 1 | $0 | |
Derek Estrada Trustee | 1 | $0 | |
Brian Jacob Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,500 |
| Total Program Service Revenue | $110,092 |
| Membership dues | $0 |
| Investment income | $14,668 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $25,135 |
| Other Revenue | $0 |
| Total Revenue | $156,395 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $9,878 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $995 |
| Total expenses | $44,373 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $428,151 |
| Other assets | $0 |
| Total assets | $428,151 |
| Total liabilities | $0 |
| Net assets or fund balances | $428,151 |