Electrical Industry Scholarship Fund Inc
- Assets
- $573.3k
- Revenue
- $282.4k
- Investments
- $552.7k
- Employees
- 0
- Location
- Flushing, NY
- Founding
- 06/2008
- Data as of
- 09/2021
- EIN
- 06-1687979
Organization Overview
Electrical Industry Scholarship Fund Inc is located in Flushing, NY. The organization was established in 2008. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, 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. Electrical Industry Scholarship 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 09/2021, Electrical Industry Scholarship Fund Inc generated $282.4k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 26.5% each year . All expenses for the organization totaled $171.0k during the year ending 09/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Electrical Industry Scholarship Fund Inc has awarded 38 individual grants totaling $287,878. 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
THE FUND WAS CREATED TO ADMINISTER SCHOLARSHIP PROGRAMS FUNDED BY DONATIONS FOR THE CHILDREN OF MEMBERS OF LOCAL UNION NO. 3
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Gerald Finkel Trustee | 35 | $0 | |
Michael Yee Executive Secretary | 35 | $0 | |
Christopher Erikson Trustee | 35 | $0 | |
Paul Kleinberg Trustee | 35 | $0 | |
Thomas Cleary Trustee | 35 | $0 | |
Kristine Denapoli Trustee | 35 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $258,042 |
| Interest on Savings | $0 |
| Dividends & Interest | $331 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$5,002 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $29,000 |
| Total Revenue | $282,371 |
| 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 | $29,740 |
| Total operating and administrative expenses | $29,740 |
| Contributions, gifts, grants paid | $141,250 |
| Total expenses and disbursements | $170,990 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $20,580 |
| 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 | $14 |
| Total assets | $573,339 |
| 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 | $22,503 |
| Total liabilities | $22,503 |
Grants Awarded
Over the last fiscal year, Electrical Industry Scholarship Fund Inc has awarded $141,250 in support to 18 organizations.
| Grant Recipient | Amount |
|---|---|
DIMAGGIO SALVATORE JOSEPH PURPOSE: SCHOLARSHIP | $11,250 |
STETTNISCH KEVIN PURPOSE: SCHOLARSHIP | $10,000 |
GOTTLIEB MARC PURPOSE: SCHOLARSHIP | $7,500 |
RUZINOV DANIELLA ROSE PURPOSE: SCHOLARSHIP | $7,500 |
CURRA MARIO FREDERICK PURPOSE: SCHOLARSHIP | $7,500 |
KOTTMANN KELIE ANNE PURPOSE: SCHOLARSHIP | $7,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Alfred P Sloan Foundation New York, NY | $2,105,880,634 | $192,527,982 |
Massachusetts Higher Education Assistance Corporation Boston, MA | $1,090,709,677 | $124,087,298 |
Mastercard Impact Fund Purchase, NY | $207,268,769 | $96,050,288 |
Business Leadership Organized For Catholic Schools King Of Prussia, PA | $82,544,630 | $55,644,917 |
Central Pennsylvania Scholarship Fund Tyrone, PA | $42,508,819 | $45,167,381 |
Arcus Foundation New York, NY | $264,733,626 | $35,703,685 |
Edward P Evans Andover, MA | $242,161,195 | $13,916,833 |
The Childrens Scholarship Fund New York, NY | $36,136,002 | $24,710,520 |
Math For America Inc New York, NY | $15,709,494 | $20,036,646 |
Ja Worldwide Inc Boston, MA | $14,229,210 | $21,801,943 |
The Posse Foundation Inc New York, NY | $120,660,725 | $44,739,225 |
Inner-City Scholarship Fund Inc New York, NY | $115,829,957 | $24,751,034 |