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← IBEW LOCAL 8 SCHOLARSHIP FUND

Form 990 for tax year 2024

Filed by IBEW LOCAL 8 SCHOLARSHIP FUND.

Totals

Total revenue
$54,477
Total expenses
$29,903
Contributions and grants received
$29,470
Grants paid
$20,100
Program service revenue
$0
Investment income
$25,007
Other revenue
$0
Total assets, end of year
$805,900
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$805,900
Program services expenses (Part IX)
$20,100
Management and general expenses
$9,803
Fundraising expenses
$0
Program service expenses (Part III)
$20,100

Program services were 67.2% 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

    $29,470

  • 3 · Investment income

    total $21,585 · excluded $21,585

  • 7a · Gross sales of assets other than inventory

    securities $20,000

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

    securities $16,578

  • 7c · Gain or loss

    securities $3,422

  • 7d · Net gain or loss

    total $3,422 · related or exempt $3,422

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $20,100 · program services $20,100

  • 11c · Fees: accounting

    total $2,884 · management and general $2,884

  • 11f · Fees: investment management

    total $6,561 · management and general $6,561

  • 24a · Other expenses: FOREIGN TAXES

    total $319 · management and general $319

  • 24b · Other expenses: MISCELLANEOUS EXPENSE

    total $39 · management and general $39

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $67,828 · end of year $68,314

  • 13 · Investments: program-related

    beginning of year $663,734 · end of year $737,586

  • 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 $731,562 · end of year $805,900

Mission and programs · 2024

Mission

TO PROVIDE K-12 NON-PUBLIC EDUCATION AND COLLEGE EDUCATION SCHOLARSHIPS FOR IBEW LOCAL 8 MEMBERS' DEPENDENTS

  • TO PROVIDE K-12 NON-PUBLIC EDUCATION AND COLLEGE EDUCATION SCHOLARSHIPS FOR IBEW LOCAL 8 MEMBERS' DEPENDENTS

    Expenses $20,100 · Grants $20,100

As filed on the 2024 return.

Listed in Part VII

  • Roy Grosswiler

    TRUSTEE

    Total calculated
    $238,261
    From this org
    $0
    From related orgs
    $180,673
    Other
    $57,588
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $180,673 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $37,380 related
    Nontaxable benefits
    $0 + $20,208 related
    Filer's total
    $0 + $238,261 related

  • Vincent P Hester II

    TRUSTEE

    Total calculated
    $56,327
    From this org
    $0
    From related orgs
    $38,934
    Other
    $17,393
    Hours/week
    1 + 40 related

  • Thomas Enright

    TRUSTEE

    Total calculated
    $136,338
    From this org
    $0
    From related orgs
    $91,864
    Other
    $44,474
    Hours/week
    1 + 40 related

  • Shaun Enright

    TRUSTEE

    Total calculated
    $6,030
    From this org
    $0
    From related orgs
    $6,030
    Other
    $0
    Hours/week
    1 + 40 related

  • Patricio Covarrubias

    TRUSTEE

    Total calculated
    $11,200
    From this org
    $0
    From related orgs
    $8,732
    Other
    $2,468
    Hours/week
    1 + 2 related

  • Raffaello Ruggiero

    TRUSTEE

    Total calculated
    $37,578
    From this org
    $0
    From related orgs
    $26,474
    Other
    $11,104
    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
2024
Filed
23 October 2025
IRS schema version
2024v5.2
Source object
202543169349306854

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