Teamsters Local 251 Charity Fund
- Assets
- $106.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- East Providence, RI
- Founding
- 01/2015
- Data as of
- 12/2022
- EIN
- 47-1036711
Organization Overview
Teamsters Local 251 Charity Fund is located in East Providence, RI. The organization was established in 2015. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, 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. Teamsters Local 251 Charity 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 12/2022, Teamsters Local 251 Charity Fund generated $47.8k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 18.1% each year . All expenses for the organization totaled $24.0k during the year ending 12/2022. While expenses have increased by 6.2% 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
TO PROVIDE EDUCATIONAL SCHOLARSHIPS AND GRANTS TO THE CHILD OR CHILDREN OF MEMBERS OF INTERNATIONAL BROTHERHOOD OF TEAMSTERS LOCAL 251. THE FUND WILL ALSO MAKE CHARITABLE CONTRIBUTIONS TO OTHER 501(C)(3) ORGANIZATIONS THAT ARE OPERATED FOR PUBLIC INTEREST.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matthew Taibi Trustee | 1 | $0 | |
Paul Santos Trustee | 1 | $0 | |
Carl Chicoine Trustee | 1 | $0 | |
Antonio E Suazo Trustee | 1 | $0 | |
Gary Dasilva Trustee | 1 | $0 | |
Brooke Reeves Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $37,718 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $9,545 |
| Other Revenue | $529 |
| Total Revenue | $47,792 |
| 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 | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $954 |
| Total expenses | $23,954 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $106,649 |
| Other assets | $0 |
| Total assets | $106,649 |
| Total liabilities | $0 |
| Net assets or fund balances | $106,649 |