Teamsters Local 986 Charity Fund Inc
- Assets
- $4.6m
- Revenue
- $331.2k
- Investments
- $1.7m
- Employees
- 0
- Location
- Covina, CA
- Founding
- 08/1989
- Data as of
- 12/2021
- EIN
- 95-2993422
Organization Overview
Teamsters Local 986 Charity Fund Inc is located in Covina, CA. The organization was established in 1989. According to its NTEE Classification (S12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Teamsters Local 986 Charity 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 12/2021, Teamsters Local 986 Charity Fund Inc generated $331.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (7.3%) each year. All expenses for the organization totaled $611.6k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Teamsters Local 986 Charity Fund Inc has awarded 483 individual grants totaling $3,149,249. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Connie Rodriguez Secretary | 2 | $0 | |
Roman Delgado CFO | 2 | $0 | |
Sean Harren President | 2 | $0 | |
Mike Fridley Director | 2 | $0 | |
Greg Bashem Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $114,265 |
| Interest on Savings | $697 |
| Dividends & Interest | $25,985 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $139,091 |
| Capital Gain Net Income | $139,091 |
| Net ST Capital Gain | $139,091 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $51,197 |
| Total Revenue | $331,235 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $10,050 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $352 |
| Other expenses | $67,980 |
| Total operating and administrative expenses | $101,782 |
| Contributions, gifts, grants paid | $509,825 |
| Total expenses and disbursements | $611,607 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $345,431 |
| Savings and temporary cash investments | $13,181 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $2,500,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $1,748,105 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $4,606,717 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Teamsters Local 986 Charity Fund Inc has awarded $509,825 in support to 61 organizations.
| Grant Recipient | Amount |
|---|---|
Long Beach, CA PURPOSE: DONATIONS FOR LAS VEGAS SHOP STEWARD SEMINAR AND HEATH FAIR | $180,000 |
COLETTE'S CHILDREN'S HOME PURPOSE: ASSISTANCE TO INDIGENT FAMILIES AND FOOD AT HOLIDAY EVENT 12/19/21 | $47,500 |
Covina, CA PURPOSE: SCHOLARSHIPS | $40,000 |
ROOSTERS FOUNDATION OF ORANGE COUNT PURPOSE: ASSISTANCE TO INDIGENT FAMILIES | $35,410 |
TEAMSTERS JC 42 CHARITY PURPOSE: CHARITY FUNDRAISER DINNER SPONSORSHIP AND DONATIONS FOR MARINE CORPS AND DOWNEY PARK RECREATION CENTER | $27,500 |
Boston, MA PURPOSE: CONTRIBUTION FOR 13TH ANNUAL GALA FOR AUTISM | $20,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Teamsters Local 986 Charity Fund Inc has recieved totaling $6,100.
| Awarding Organization | Amount |
|---|---|
International Brotherhood Of Teamsters Covina, CA PURPOSE: Donation | $6,100 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Providence International Enterprises Redding, CA | $2,351,572 | $1,347,826 |
Sunshine Acres Childrens Home Charitable Foundation Inc Mesa, AZ | $38,105,629 | $1,343,815 |
Inter-Mountain Fair Heritage Foundation Mcarthur, CA | $1,211,489 | $1,441,360 |
Milpitas Charity Bingo Inc Milpitas, CA | $2,206,850 | $2,853,560 |
Sheet Metal & Air Conditioning Contractors Of San Diego Industry La Mesa, CA | $61,133 | $681,809 |
The Mariinsky Foundation Of America Inc Phoenix, AZ | $261,174 | $246,717 |
Rotary Club Of San Jose Foundation Inc San Jose, CA | $7,365,594 | $780,293 |
Teamsters Local 986 Charity Fund Inc Covina, CA | $4,606,717 | $331,235 |
Los Altos Rotary Endowment Fund Inc Los Altos, CA | $1,354,199 | $619,008 |
Orange County Parks Foundation Irvine, CA | $6,798,547 | $380,317 |
Rotary Foundation Of Incline Village Incline Village, NV | $93,721 | $392,374 |
Bipoc Support Foundation Escondido, CA | $89,357 | $340,564 |