Electrical Industry Scholarship Fund Inc
- Assets
- $637.7k
- Revenue
- $289.7k
- Investments
- $608.2k
- Employees
- 0
- Location
- Flushing, NY
- Founding
- 06/2008
- Data as of
- 09/2023
- 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 09/2023, Electrical Industry Scholarship Fund Inc generated $289.7k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 13.2% each year . All expenses for the organization totaled $242.2k during the year ending 09/2023. While expenses have increased by 8.6% per year over the past 4 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.
Since 2020, Electrical Industry Scholarship Fund Inc has awarded 82 individual grants totaling $656,678. 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
2023
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 |
|---|---|---|---|
Michael Yee Executive Secretary | 35 | $0 | |
Humberto J Restrepo Trustee | 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 | $226,044 |
| Interest on Savings | $0 |
| Dividends & Interest | $25,119 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $537 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $38,000 |
| Total Revenue | $289,700 |
| 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 | $45,438 |
| Total operating and administrative expenses | $45,438 |
| Contributions, gifts, grants paid | $196,800 |
| Total expenses and disbursements | $242,238 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $27,313 |
| 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 | $2,148 |
| Total assets | $637,686 |
| Accounts payable and accrued expenses | $22,675 |
| 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 | $22,675 |
Grants Awarded
Over the last fiscal year, Electrical Industry Scholarship Fund Inc has awarded $196,800 in support to 24 organizations.
| Grant Recipient | Amount |
|---|---|
SCHOLARSHIP PURPOSE: SCHOLARSHIP | $7,500 |
SCHOLARSHIP PURPOSE: SCHOLARSHIP | $7,500 |
SCHOLARSHIP PURPOSE: SCHOLARSHIP | $7,500 |
SCHOLARSHIP PURPOSE: SCHOLARSHIP | $7,500 |
SCHOLARSHIP PURPOSE: SCHOLARSHIP | $7,500 |
SCHOLARSHIP PURPOSE: SCHOLARSHIP | $7,500 |