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← IBEW LOCAL 5 W PA CHAPTER NECA SCHOLARSHIP TRUST FUND

Form 990 for tax year 2023

Filed by IBEW LOCAL 5 W PA CHAPTER NECA SCHOLARSHIP TRUST FUND.

Totals

Total revenue
$154,321
Total expenses
$167,954
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$102,541
Other revenue
$51,780
Total assets, end of year
$3,429,941
Total liabilities, end of year
$300,322
Net assets or fund balances, end of year
$3,129,619
Program services expenses (Part IX)
$104,000
Management and general expenses
$63,954
Fundraising expenses
$0
Program service expenses (Part III)
$104,000

Program services were 61.9% 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.

  • 3 · Investment income

    total $76,363 · excluded $76,363

  • 7a · Gross sales of assets other than inventory

    securities $165,000

  • 7b · Less cost or other basis and sales expenses

    securities $138,822

  • 7c · Gain or loss

    securities $26,178

  • 7d · Net gain or loss

    total $26,178 · excluded $26,178

  • 11a · Other revenue: SCHOLARSHIP FORFEITURE

    total $45,500 · related or exempt $45,500

  • 11b · Other revenue: BROKER COMMISIONS

    total $6,280 · related or exempt $6,280

  • 11e · Other revenue, total

    $51,780

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $104,000 · program services $104,000

  • 7 · Other salaries and wages

    total $11,646 · management and general $11,646

  • 8 · Pension plan contributions

    total $1,074 · management and general $1,074

  • 9 · Other employee benefits

    total $236 · management and general $236

  • 10 · Payroll taxes

    total $985 · management and general $985

  • 11b · Fees: legal

    total $3,685 · management and general $3,685

  • 11c · Fees: accounting

    total $33,845 · management and general $33,845

  • 13 · Office expenses

    total $4,196 · management and general $4,196

  • 16 · Occupancy

    total $4,383 · management and general $4,383

  • 23 · Insurance

    total $2,330 · management and general $2,330

  • 24a · Other expenses: BANK CHARGES

    total $1,427 · management and general $1,427

  • 24b · Other expenses: PAYCHEX EXPENSE

    total $147 · management and general $147

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $6,526 · end of year $5,393

  • 2 · Savings and temporary cash investments

    beginning of year $2,024 · end of year $2,136

  • 11 · Investments: publicly traded securities

    beginning of year $3,111,497 · end of year $3,422,412

  • 17 · Accounts payable and accrued expenses

    beginning of year $351,000 · end of year $300,322

  • 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 $2,769,047 · end of year $3,129,619

Mission and programs · 2023

Mission

THE I.B.E.W. LOCAL UNION NO. 5 AND WESTERN PENNSYLVANIA CHAPTER, N.E.C.A. SCHOLARSHIP TRUST FUNDWAS ESTABLISHED FOR THE CHARITABLE AND EDUCATIONAL PURPOSES OF AWARDING SCHOLARSHIPS TO DEPENDENTS OF I.B.E.W. LOCAL UNION NO. 5 AND WESTERN PENNSYLVANIA CHAPTER, N.E.C.A MEMBERS.

  • SCHOLARSHIPS TO DEPENDENTS OF I.B.E.W. LOCAL UNION NO. 5 AND WESTERN PENNSYLVANIA CHAPTER, N.E.C.A MEMBERS.

    Expenses $104,000

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Thomas McIntyre

    CHAIRMAN

    Total calculated
    $190,517
    From this org
    $0
    From related orgs
    $190,517
    Other
    $0
    Hours/week
    2

    Schedule J breakdown matched by us

    Base
    $0 + $190,517 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $190,517 related

  • Michael Varholla

    TRUSTEE

    Total calculated
    $165,377
    From this org
    $0
    From related orgs
    $165,377
    Other
    $0
    Hours/week
    2

    Schedule J breakdown matched by us

    Base
    $0 + $165,377 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $165,377 related

  • Alfred Franklin

    TRUSTEE

    Total calculated
    $164,587
    From this org
    $0
    From related orgs
    $164,587
    Other
    $0
    Hours/week
    2

    Schedule J breakdown matched by us

    Base
    $0 + $164,587 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $164,587 related

  • Robert Landowski

    EMPLOYER TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Robert Dagostino

    EMPLOYER TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Timothy Schultheis

    EMPLOYER TRUSTEE

    Total calculated
    $0
    Hours/week
    2

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
2023
Filed
12 November 2024
IRS schema version
2023v5.1
Source object
202433209349319703

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