James Duffy Sr Local 138 Scholarship Fund Tr is located in Farmingdale, NY. The organization was established in 1996. 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. James Duffy Sr Local 138 Scholarship Fund Tr 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, James Duffy Sr Local 138 Scholarship Fund Tr generated $64.9k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 22.6% each year . All expenses for the organization totaled $84.1k during the year ending 09/2023. While expenses have increased by 6.7% per year over the past 8 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
THE PURPOSE OF THE FUND IS TO PROVIDE SCHOLARSHIPS FOR THE CHILDREN OF THE MEMBERS OF IUOE LOCAL 138.
| Name (title) | Role | Hours | Compensation | 
|---|---|---|---|
| William Duffy Jr Trustee | 2 | $0 | |
| John J Duffy Trustee | 2 | $0 | |
| John Duffy Trustee | 2 | $0 | |
| James Haney Trustee | 2 | $0 | 
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $117,090 | 
| Total Program Service Revenue | $0 | 
| Membership dues | $0 | 
| Investment income | $7,134 | 
| Gain or Loss | $0 | 
| Net Income from Gaming & Fundraising | -$59,361 | 
| Other Revenue | $0 | 
| Total Revenue | $64,863 | 
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 | 
| Benefits paid to or for members | $0 | 
| Salaries, other compensation, and employee benefits | $26,440 | 
| Professional fees and other payments to independent contractors | $1,706 | 
| Occupancy, rent, utilities, and maintenance | $9,800 | 
| Printing, publications, postage, and shipping | $0 | 
| Other expenses | $6,184 | 
| Total expenses | $84,130 | 
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $213,790 | 
| Other assets | $0 | 
| Total assets | $213,790 | 
| Total liabilities | $122,580 | 
| Net assets or fund balances | $91,210 |