Teamsters Local No 639 Scholarship Fund Inc
- Assets
- $4.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Washington, DC
- Founding
- 02/2003
- Data as of
- 12/2022
- EIN
- 30-0126827
Organization Overview
Teamsters Local No 639 Scholarship Fund Inc is located in Washington, DC. The organization was established in 2003. 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. Teamsters Local No 639 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 12/2022, Teamsters Local No 639 Scholarship Fund Inc generated $55.2k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 8.9% each year. All expenses for the organization totaled $59.0k during the year ending 12/2022. While expenses have increased by 8.8% 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
2022
Describe the Organization's Program Activity:
Part 3
TO PROVIDE FINANCIAL ASSISTANCE TO THE CHILDREN AND GRANDCHILDREN OF ACTIVE AND RETIRED LOCAL 639 MEMBERS. THE PROGRAM IS AVAILABLE TO HIGH SCHOOL GRADUATES WHO HAVE BEEN ACCEPTED INTO A FULL-TIME COLLEGE, JUNIOR COLLEGE, COMMUNITY COLLEGE, TECHNICAL COLLEGE OR TRADE SCHOOL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Philip S Giles President | 1 | $0 | |
John R Gibson Secretary Treasurer | 1 | $0 | |
Thomas Ratliff Director | 1 | $0 | |
William Davis Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $60,093 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | -$4,923 |
| Other Revenue | $0 |
| Total Revenue | $55,170 |
| 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 | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $532 |
| Total expenses | $59,032 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $4,923 |
| Other assets | $0 |
| Total assets | $4,923 |
| Total liabilities | $0 |
| Net assets or fund balances | $4,923 |