Teamsters Local 986 Charity Fund Inc
- Assets
- $4.2m
- Revenue
- $429.9k
- Investments
- $1.8m
- Employees
- 0
- Location
- Covina, CA
- Founding
- 08/1989
- Data as of
- 12/2023
- EIN
- 95-2993422
Organization Overview
Teamsters Local 986 Charity Fund Inc is located in Covina, CA. The organization was established in 1989. According to its NTEE Classification (S12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Teamsters Local 986 Charity 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 12/2023, Teamsters Local 986 Charity Fund Inc generated $429.9k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.4%) each year. All expenses for the organization totaled $506.9k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Teamsters Local 986 Charity Fund Inc has awarded 624 individual grants totaling $3,975,680. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Roman Delgado CFO | 2 | $0 | |
Sean Harren CEO | 2 | $0 | |
Amanda Macias Secretary | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $260,120 |
| Interest on Savings | $381 |
| Dividends & Interest | $26,977 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $97,448 |
| Capital Gain Net Income | $97,448 |
| Net ST Capital Gain | $97,448 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $45,000 |
| Total Revenue | $429,926 |
| 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 | $468 |
| Other expenses | $119,038 |
| Total operating and administrative expenses | $140,138 |
| Contributions, gifts, grants paid | $366,773 |
| Total expenses and disbursements | $506,911 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $746,748 |
| Savings and temporary cash investments | $104,747 |
| 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 | $1,500,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $1,816,857 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $4,168,352 |
| 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, Teamsters Local 986 Charity Fund Inc has awarded $366,773 in support to 62 organizations.
| Grant Recipient | Amount |
|---|---|
BIG BROTHERS BIG SISTERS OF NORTHER PURPOSE: DONATION FOR BIG CHEFS LITTLE GALAS | $5,000 |
CALIFORNIA TEAMSTERS HISPANIC CAUCU PURPOSE: MEMBERSHIP RENEWAL AND 34TH ANNUAL GOLF TOURNAMENT DONATION | $8,700 |
COLETTE'S CHILDREN'S HOME PURPOSE: DONATION FOR HOLIDAY EVENT AND 25TH ANNIVERSARY SILVER JUBILEE EMPOWERING SPONSOR | $50,173 |
CHILDREN'S MIRACLE NETWORK PURPOSE: ASSISTANCE TO INDIGENT FAMILIES | $2,500 |
LABOR COMMUNITY SERVICES PURPOSE: DONATION FOR 3RD ANNUAL DOLORES HUERTA SPIRIT AWARDS | $3,000 |
IRWINDALE POLICE OFFICERS ASSOCIATI PURPOSE: DONATION FOR THE 2023 HOLIDAY PROGRAM A SEASON OF SOLIDARITY | $250 |