726 Members Family Fund Inc is located in Staten Island, NY. The organization was established in 2015. According to its NTEE Classification (T50) the organization is classified as: Philanthropy, Charity & Voluntarism Promotion, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. 726 Members Family 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 04/2024, 726 Members Family Fund Inc generated $194.1k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 18.1% each year . All expenses for the organization totaled $194.0k during the year ending 04/2024. 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION PROVIDES FINANCIAL ASSISTANCE FOR MEDICAL TREATMENT AND FOR PERSONAL CIRCUMSTANCES TO THE FAMILIES OF THE MEMBERS OF LOCAL 726 WHO ARE SUFFERING FROM FINANCIAL HARDSHIPS DUE TO MEDICAL BILLS, ILLNESS, DEATH AND OTHER NEEDS. THE ORGANIZATION HOSTS EVENTS TO RAISE AWARENESS AND EDUCATION OF THE DISEASES THAT AFFECT THE MEMBERS. THE TRANSIT WORKER MEMBERS FACE UNUSUALLY RISKS IN THE DAILY COURSE OF THEIR WORK. JOB RELATED HAZARDS SUCH AS VEHICLE ACCIDENTS AND SITTING POSITION WHILE DRIVING ALL DAY. MANAGING IRATE-TROUBLESOME PASSENGERS IS A RISK WHILE DRIVING. CHRONIC WORK-RELATED DISEASES ARE A GREAT RISK AFFECTING TRANSIT WORKERS AS THEIR OCCUPATION FACES THE HIGHEST RISK OF CONTRACTING 10 COMMON DISEASES. APPROXIMATELY 42% OF TRANSIT WORKERS HAVE HIGH BLOOD PRESSURE THAT LEADS TO HEART ATTACKS AND STROKE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ANNUALLY, TUITION ASSISTANCE PAYMENTS ARE PAID TO STUDENTS WHO ARE FAMILY MEMBERS OF LOCAL 726. DONATIONS ARE MADE TO OTHER 501C (3) ORGANIZATIONS THAT HELP SUPPORT THE MITIGATION OF DISEASE AND PROMOTE SAFETY FOR TRANSIT WORKERS. A CHILDREN'S HOLIDAY PARTY, AN ADULT HOLIDAY PARTY A RETIREES PARTY AND SUMMER PICNIC IN THE PARK ARE HELD FOR CHILDREN AND ADULTS FOR PURPOSES OF NETWORKING, EDUCATION AND RAISING AWARENESS. FUNDRAISING EVENTS ARE HELD TO RAISE FUNDS. SUCH EVENTS INCLUDE AN ANNUAL GOLF OUTING, DINNERS SUCH AS PASTABILITIES, NITE OF ENTERTAINMENT AND RAFFLES. MONETARY SUPPORT IS PROVIDED IN THESE SITUATIONS: MEMBER DEATH FOR FUNERAL COSTS NEEDS OF CHILDREN OF DECEASED ACTIVE MEMBERS UNTIL AGE OF 18 TUITION ASSISTANCE PROGRAM 1,000 GRANTS PAID TO COLLEGES AND UNIVERSITIES ON BEHALF OF STUDENTS THANKSGIVING TURKEY GIVEAWAY TO FAMILIES BIRTH OR ADOPTION OF CHILD OF A MEMBER CATASTROPHIC ILLNESS THAT A) LEADS TO INABILITY TO WORK , B) FUNDS EXHAUSTED FROM SICK/VACATION PTO LEAVE PAY, C) CRITICALLY ILL CASE BY CASE NEED ANALYSIS
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Joseph Obermaier Treasurer | OfficerTrustee | $0 | |
John Bonavita President | OfficerTrustee | $0 | |
Rob Ricco Vice-Preside | OfficerTrustee | $0 | |
Steve Laino Secretary | OfficerTrustee | $0 | |
Vincent Serapiglia Board Direct | Trustee | $0 | |
John Sagklam Board Direct | Trustee | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $171,180 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $171,180 |
Total Program Service Revenue | $0 |
Investment income | $479 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | $22,409 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $194,068 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $145,380 |
Grants and other assistance to domestic individuals. | $0 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $45,496 |
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 | $875 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $0 |
Office expenses | $2,262 |
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 | $0 |
Total functional expenses | $194,013 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $46,672 |
Savings and temporary cash investments | $9,070 |
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 | $55,742 |
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 | $55,742 |
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 | $55,742 |