Iuoe Local 891 Beneficiaries Fund Inc
- Assets
- $350.1k
- Revenue
- $165.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Brooklyn, NY
- Founding
- 04/2014
- Data as of
- 12/2022
- EIN
- 45-4542781
Organization Overview
Iuoe Local 891 Beneficiaries Fund Inc is located in Brooklyn, NY. The organization was established in 2014. According to its NTEE Classification (B80) the organization is classified as: Student Services, 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. Iuoe Local 891 Beneficiaries Fund Inc 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, Iuoe Local 891 Beneficiaries Fund Inc generated $165.0k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 38.7% each year . All expenses for the organization totaled $198.4k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Iuoe Local 891 Beneficiaries Fund Inc has awarded 27 individual grants totaling $725,240. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED FINANCIAL AID AND OTHER ASSISTANCE TO MEMBERS AND THE BENEFICIARIES, WIDOWS, WIDOWERS, AND CHILDREN OF DECEASED AND ACTIVE NEW YORK CITY CUSTODIAN ENGINEERS. SEVEN INDIVIDUALS OBTAINED FINANCIAL AID AND OTHER ASSISTANCE DURING THE YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Troeller Chairman | 5 | $0 | |
Richard Gorgoglione Treasurer | 5 | $0 | |
Theresa Dicristi Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $133,533 |
| Interest on Savings | $0 |
| 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 | $31,465 |
| Total Revenue | $164,998 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $31,465 |
| Total operating and administrative expenses | $32,590 |
| Contributions, gifts, grants paid | $165,833 |
| Total expenses and disbursements | $198,423 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $350,102 |
| Savings and temporary cash investments | $0 |
| 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 | $350,102 |
| 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 | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Iuoe Local 891 Beneficiaries Fund Inc has awarded $165,833 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
MELISSA RUDDY PURPOSE: FINANCIAL ASSISTANCE TO DECEASED MEMBERS FAMILY/BENEFICIARIES | $56,675 |
SELINA LAMBERT PURPOSE: FINANCIAL ASSISTANCE TO DECEASED MEMBERS FAMILY/BENEFICIARIES | $63,588 |
SUZANNE SPECHAR PURPOSE: FINANCIAL ASSISTANCE TO DECEASED MEMBERS FAMILY/BENEFICIARIES | $45,570 |