United Food & Commercial Workers Union Local 880 Scholarship Fund is located in Broadview Hts, OH. The organization was established in 1993. 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. United Food & Commercial Workers Union Local 880 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 09/2022, United Food & Commercial Workers Union Local 880 Scholarship Fund generated $64.7k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.0% each year. All expenses for the organization totaled $35.8k during the year ending 09/2022. While expenses have increased by 14.4% per year over the past 7 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
THE MISSION OF THE ORGANIZATION IS TO AWARD SCHOLARSHIPS TO UNDERGRADUATE COLLEGE STUDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIPS GRANTED TO 30 INDIVIDUALS:SELECTION TERMS AND CONDITIONS: SCHOLARSHIP RECIPIENTS ARE CHOSEN IN TWO WAYS: (1) THE VAST MAJORITY OF SCHOLARSHIPS ARE AWARDED TO APPLICANTS WHO HAVE APPLIED FOR A SCHOLARSHIP FROM THE INTERNATIONAL UNION'S SCHOLARSHIP PROGRAM. EACH SUCH APPLICANT MUST COMPLY WITH THE RULES AND REGULATIONS ESTABLISHED BY THE INTERNATIONAL UNION SCHOLARSHIP PROGRAM. THEY MUST SEND THEIR COMPLETED APPLICATIONS DIRECTLY TO THE INTERNATIONAL UNION'S SCHOLARSHIP PROGRAM FOR PROCESSING. ONCE THE INTERNATIONAL UNION'S SCHOLARSHIP COMMITTEE HAS EVALUATED ALL APPLICATIONS RECEIVED, IT SENDS THE RANKED RESULTS (AND SUPPORTING MATERIALS) FOR THOSE APPLICANTS WITHIN LOCAL 880'S JURISDICTION TO THE LOCAL 880 SCHOLARSHIP FUND TRUSTEES. THESE MATERIALS AND RANKINGS FROM THE INTERNATIONAL ARE REVIEWED BY THE LOCAL 880 SCHOLARSHIP FUND TRUSTEES, AND IF THE TRUSTEES AGREE WITH THE RANKINGS, THEN SCHOLARSHIPS ARE AWARDED TO THE TOP THREE APPLICANTS FROM THE CLEVELAND AREA, TWO APPLICANTS FROM THE AKRON-CANTON AREA, AND ONE APPLICANT FROM THE YOUNGSTOWN AREA. IF THE TRUSTEES DO NOT AGREE WITH THE RANKINGS FROM INTERNATIONAL, THE TRUSTEES MAY REVISE THE RANKINGS AND THOSE APPLICANTS WHO WILL BE SELECTED TO RECEIVE SCHOLARSHIPS. FURTHERMORE AND IF THERE ARE INSUFFICIENT APPLICANTS IN A GEOGRAPHICAL AREA (CLEVELAND, AKRON-CANTON OR YOUNGSTOWN), THEN A SELECTION WILL BE MADE FROM THE OTHER TWO AREAS BASED UPON THE ANALYSIS AND EVALUATION OF THE TRUSTEES. (2) ON OCCASION, THE SCHOLARSHIP FUND TRUSTEES WILL AWARD SCHOLARSHIPS TO DESERVING APPLICANTS WHO WERE NOT THE HIGHEST RANKED BY THE INTERNATIONAL AND TO DESERVING APPLICANTS WHO APPLIED SOLELY TO LOCAL 880. IN THESE CASES NEED AND COMMITMENT TO THE UNION MOVEMENT ARE THE PRIMARY CONSIDERATIONS FOR AN AWARD RATHER THAN SCHOLASTICS.NOTIFICATION AND FOLLOW UP TERMS AND CONDITIONS: THE SCHOLARSHIP FUND TRUSTEES NOTIFY THE SUCCESSFUL APPLICANTS OF THEIR SELECTION. EACH APPLICANT MUST COMPLETE AND SIGN A SCHOLARSHIP ACCEPTANCE AGREEMENT AND A VERIFICATION OF ENROLLMENT FORM. THE SCHOLARSHIP FUND TRUSTEES ANNUALLY VERIFY CONTINUED ENROLLMENT AND SCHOLASTIC ACHIEVEMENT. A VERIFICATION OF ENROLLMENT FORM SIGNED BY A COLLEGE OR UNIVERSITY OFFICIAL MUST BE RECEIVED BY THE SCHOLARSHIP FUND TO PROVE THE GRANTEE REMAINS ENROLLED. THE TRUSTEES ALSO CHECK THE UNION'S MEMBERSHIP DATABASE TO CONFIRM THE CONTINUED MEMBERSHIP STATUS OF THE RECIPIENT OR A PARENT.
DONATION GRANTED TO GREATER CLEVELAND FOOD BANK:THE UNITED FOOD AND COMMERCIAL WORKERS UFCW LOCAL 880 SCHOLARSHIP FUND DONATED $10,000 TO HARVEST FOR HUNGER. ALONG WITH AWARDING SCHOLARSHIPS, EVERY YEAR A CHARITABLE CONTRIBUTION WILL BE MADE TO A LOCAL ORGANIZATION.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Carl Ivka Trustee | Trustee | 0.5 | $0 |
Barbara Caruso Trustee | Trustee | 0.5 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $48,438 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $0 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $48,438 |
Total Program Service Revenue | $0 |
Investment income | $5,201 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | $11,082 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $64,721 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $10,000 |
Grants and other assistance to domestic individuals. | $25,500 |
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 | $138 |
Fees for services: Other | $0 |
Advertising and promotion | $0 |
Office expenses | $0 |
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 | $200 |
Total functional expenses | $35,838 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $299,854 |
Savings and temporary cash investments | $236,932 |
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 | $536,786 |
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 | $536,786 |
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 | $0 |
Total liabilities and net assets/fund balances | $536,786 |
Organization Name | Assets | Revenue |
---|---|---|
Jewell Educational Fund Owosso, MI | $398,993,901 | $18,985,075 |
Lola G Duff & William Duff Ii Scholarship Fund Pittsburgh, PA | $108,136,539 | $9,727,539 |
Catholic Education Foundation Inc Louisville, KY | $34,954,329 | $8,681,774 |
Perkins Malo Hunter Foundation Holland, MI | $51,295,166 | -$331,905 |
Thompson Foundation Plymouth, MI | $5,518,000 | $2,844,461 |
Independence Foundation Philadelphia, PA | $78,719,217 | $2,815,934 |
The Endowment Fund Of The Phi Kappa Psi Fraternity Indianapolis, IN | $26,119,752 | $5,253,152 |
Beta Theta Pi Foundation Oxford, OH | $33,085,697 | $6,703,723 |
Addison Gibson Foundation Pittsburgh, PA | $46,529,076 | $11,633,912 |
Cardinal Health Foundation Dublin, OH | $40,394,329 | $2,713,784 |
Say Yes Cleveland Scholarship Inc Cleveland, OH | $89,649,014 | $4,775,644 |
Pittsburgh Jewish Educational Improvement Foundation Pittsburgh, PA | $252,999 | $3,355,550 |