Iuoe Local 891 Beneficiaries Fund Inc
- Assets
- $383.5k
- Revenue
- $125.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Brooklyn, NY
- Founding
- 04/2014
- Data as of
- 12/2021
- 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 12/2021, Iuoe Local 891 Beneficiaries Fund Inc generated $125.7k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 39.8% each year . All expenses for the organization totaled $164.2k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Iuoe Local 891 Beneficiaries Fund Inc has awarded 24 individual grants totaling $559,407. 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
2021
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 | $125,741 |
| 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 | $0 |
| Total Revenue | $125,741 |
| 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 | $413 |
| Total operating and administrative expenses | $1,863 |
| Contributions, gifts, grants paid | $162,382 |
| Total expenses and disbursements | $164,245 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $383,527 |
| 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 | $383,527 |
| 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 $162,382 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
BARBARA WATERS PURPOSE: FINANCIAL ASSISTANCE TO DECEASED MEMBERS FAMILY/BENEFICIARIES | $55,396 |
MAE GAMBLE PURPOSE: FINANCIAL ASSISTANCE TO DECEASED MEMBERS FAMILY/BENEFICIARIES | $41,930 |
SUZANE SPECHAR PURPOSE: FINANCIAL ASSISTANCE TO DECEASED MEMBERS FAMILY/BENEFICIARIES | $39,101 |
LORRAINE ROBERTS PURPOSE: FINANCIAL ASSISTANCE TO DECEASED MEMBERS FAMILY/BENEFICIARIES | $13,585 |
LISA LUKIC PURPOSE: FINANCIAL ASSISTANCE TO DECEASED MEMBERS FAMILY/BENEFICIARIES | $12,370 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Iuoe Local 891 Beneficiaries Fund Inc has recieved totaling $136,742.
| Awarding Organization | Amount |
|---|---|
International Union Of Operating Engineers Local 891 Brooklyn, NY PURPOSE: CHARITABLE DONATION/event sponsors | $68,371 |
International Union Of Operating Engineers Local 891 Brooklyn, NY PURPOSE: CHARITABLE DONATION/event sponsors | $68,371 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
F I T Student Housing Corporation New York, NY | $172,356,223 | $33,857,523 |
New Leaders New York, NY | $51,919,940 | $51,082,057 |
Morrisville Auxiliary Of State Univ College Of Agricult & Technology Morrisville, NY | $25,329,251 | $17,429,247 |
Faculty Student Association State University College At Fredonia Inc Fredonia, NY | $20,429,854 | $14,962,919 |
The Jain Family Institute New York, NY | $1,266,575 | $5,283,522 |
Brockport Auxilary Service Corporation Brockport, NY | $15,024,153 | $10,683,968 |
Learning Lamp Inc Johnstown, PA | $5,123,554 | $8,804,669 |
West Chester University Student Services Inc West Chester, PA | $13,094,103 | $8,544,648 |
Student Association Inc California, PA | $24,020,549 | $6,805,716 |
Student Cooperative Association Inc Indiana, PA | $29,525,625 | $9,645,452 |
Albert Einstein College Of Medicine Staff Housing Company Inc Bronx, NY | $37,908,103 | $6,828,997 |
The Possible Project Inc Boston, MA | $20,628,656 | $12,891,174 |