Local 1658 Scholarship & Charitable Foundation Inc
- Assets
- $59.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Andover, MA
- Founding
- 06/2018
- Data as of
- 12/2023
- EIN
- 82-5439958
Organization Overview
Local 1658 Scholarship & Charitable Foundation Inc is located in Andover, MA. The organization was established in 2018. 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 1658 Scholarship & Charitable Foundation 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 12/2023, Local 1658 Scholarship & Charitable Foundation Inc generated $34.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (7.5%) each year. All expenses for the organization totaled $24.5k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (11.7%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matthew Beirne Treasurer | 0 | $0 | |
Joseph Murphy President | 0 | $0 | |
Jon Booth Secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $34,590 |
| 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 | $34,590 |
| 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 | $21,489 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $3,028 |
| Total expenses | $24,517 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $59,880 |
| Other assets | $0 |
| Total assets | $59,880 |
| Total liabilities | $0 |
| Net assets or fund balances | $59,880 |