Scholarship Fund Of The Ibew Local Union 98
- Assets
- $165.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Philadelphia, PA
- Founding
- 02/1998
- Data as of
- 12/2023
- EIN
- 23-7861099
Organization Overview
Scholarship Fund Of The Ibew Local Union 98 is located in Philadelphia, PA. The organization was established in 1998. 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. Scholarship Fund Of The Ibew Local Union 98 is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.
For the year ending 12/2023, Scholarship Fund Of The Ibew Local Union 98 generated $17.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (11.8%) each year. All expenses for the organization totaled $53.1k during the year ending 12/2023. 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 SCHOLARSHIP FUND WAS ABLE TO PROVIDE 15 DEPENDENT CHILDREN OF LOCAL 98 UNION MEMBERS WITH SCHOLARSHIPS FOR CONTINUING EDUCATION
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Lynch Union Trustee | 1 | $0 | |
James Foy Union Trustee | 1 | $0 | |
Brian Burrows Union Trustee (p) | 1 | $0 | |
Jeff Scarpello Management Trustee | 1 | $0 | |
Bernie Schaeffer Management Trustee | 1 | $0 | |
Tom Moore Management Trustee (p) | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $50,425 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | -$33,235 |
| Other Revenue | $600 |
| Total Revenue | $17,790 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $12,625 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $3,191 |
| Other expenses | $4,822 |
| Total expenses | $53,138 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $163,482 |
| Other assets | $0 |
| Total assets | $165,281 |
| Total liabilities | $0 |
| Net assets or fund balances | $165,281 |