Skip to content
Nonprofiteer
← IBEW LOCAL 8 SCHOLARSHIP FUND

Form 990 for tax year 2022

Filed by IBEW LOCAL 8 SCHOLARSHIP FUND.

Totals

Total revenue
$689,848
Total expenses
$35,625
Contributions and grants received
$681,809
Grants paid
$35,000
Program service revenue
$0
Investment income
$8,039
Other revenue
$0
Total assets, end of year
$647,499
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$647,499
Program services expenses (Part IX)
$35,000
Management and general expenses
$625
Fundraising expenses
$0
Program service expenses (Part III)
$35,000

Program services were 98.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $681,809

  • 3 · Investment income

    total $8,039 · excluded $8,039

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $35,000 · program services $35,000

  • 11f · Fees: investment management

    total $55 · management and general $55

  • 11g · Fees: other

    total $70 · management and general $70

  • 23 · Insurance

    total $500 · management and general $500

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $34,759 · end of year $67,998

  • 13 · Investments: program-related

    beginning of year $0 · end of year $579,501

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $34,759 · end of year $647,499

Mission and programs · 2022

Mission

TO PROVIDE COLLEGE SCHOLARSHIPS FOR IBEW LOCAL 8 MEMBERS' CHILDREN

  • TO PROVIDE COLLEGE SCHOLARSHIPS FOR IBEW LOCAL 8 MEMBERS' CHILDREN

    Expenses $35,000 · Grants $35,000

As filed on the 2022 return.

Listed in Part VII

  • Roy Grosswiler

    TRUSTEE

    Total calculated
    $219,282
    From this org
    $0
    From related orgs
    $165,197
    Other
    $54,085
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $165,197 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $35,108 related
    Nontaxable benefits
    $0 + $18,977 related
    Filer's total
    $0 + $219,282 related

  • Vincent P Hester II

    TRUSTEE

    Total calculated
    $163,190
    From this org
    $0
    From related orgs
    $109,105
    Other
    $54,085
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $109,105 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $33,368 related
    Nontaxable benefits
    $0 + $20,717 related
    Filer's total
    $0 + $163,190 related

  • Thomas Enright

    TRUSTEE

    Total calculated
    $162,770
    From this org
    $0
    From related orgs
    $109,105
    Other
    $53,665
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $109,105 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $32,188 related
    Nontaxable benefits
    $0 + $21,477 related
    Filer's total
    $0 + $162,770 related

  • Shaun Enright

    TRUSTEE

    Total calculated
    $6,374
    From this org
    $0
    From related orgs
    $6,374
    Other
    $0
    Hours/week
    1 + 40 related

  • Patricio Covarrubias

    TRUSTEE

    Total calculated
    $7,506
    From this org
    $0
    From related orgs
    $6,291
    Other
    $1,215
    Hours/week
    1 + 2 related

  • Raffaello Ruggiero

    TRUSTEE

    Total calculated
    $4,832
    From this org
    $0
    From related orgs
    $3,301
    Other
    $1,531
    Hours/week
    1 + 2 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2022
Filed
25 October 2023
IRS schema version
2022v5.0
Source object
202313039349300616

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.