I B E W Local 25 Scholarship Fund
- Assets
- $145.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Hauppauge, NY
- Founding
- 07/2019
- Data as of
- 12/2023
- EIN
- 83-1355016
Organization Overview
I B E W Local 25 Scholarship Fund is located in Hauppauge, NY. The organization was established in 2019. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. I B E W Local 25 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 12/2023, I B E W Local 25 Scholarship Fund generated $179.5k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 5.7% each year. All expenses for the organization totaled $160.9k during the year ending 12/2023. While expenses have increased by 6.9% per year over the past 5 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
2023
Describe the Organization's Program Activity:
Part 3
THIS TRUST IS CREATED AND SHALL BE OPERATED EXCLUSIVELY TO ESTABLISH A SCHOLARSHIP FUND FOR STUDENTS WHO ARE CHILDREN OF MEMBERS IN GOOD STANDING OF IBEW LOCAL 25 AND IN THAT CONNECTION TO SOLICIT FUNDS, TO HOLD MEETINGS, SEMINARS AND GATHERINGS, HOLD DINNERS AND OTHER AFFAIRS, SELL TICKETS THERETO, PUBLISH SOUVENIER JOURNALS AND SOLICIT ADS FOR SUCH JOURNALS FOR THE BETTER REALIZATION OF THE ABOVE PURPOSE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sean Meehan Trustee | 0 | $0 | |
Kevin Casey Trustee | 0 | $0 | |
John Guadagno Trustee | 0 | $0 | |
Ryan Casey Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $179,450 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $179,450 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $108,000 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $1,000 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $51,947 |
| Total expenses | $160,947 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $145,397 |
| Other assets | $0 |
| Total assets | $145,397 |
| Total liabilities | $0 |
| Net assets or fund balances | $145,397 |