Local 522 Scholarship Fund
- Assets
- $23.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Rahway, NJ
- Founding
- 09/2010
- Data as of
- 12/2020
- EIN
- 30-6153913
Organization Overview
Local 522 Scholarship Fund is located in Rahway, NJ. The organization was established in 2010. 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. Local 522 Scholarship Fund 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 12/2020, Local 522 Scholarship Fund generated $38.7k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 9.4% each year. All expenses for the organization totaled $37.4k during the year ending 12/2020. While expenses have increased by 14.0% per year over the past 6 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
2020
Describe the Organization's Program Activity:
Part 3
TO AWARD SCHOLARSHIPS TO DESERVING COLLEGE STUDENTS THAT ARE DEPENDENTS OF LOCAL 522 I.B. OF T. MEMBERS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Kane Trustee | 1 | $0 | |
Peter Murphy Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $38,650 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $38,650 |
| 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 | $4,361 |
| Other expenses | $0 |
| Total expenses | $37,361 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $22,953 |
| Other assets | $0 |
| Total assets | $22,953 |
| Total liabilities | $0 |
| Net assets or fund balances | $22,953 |
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