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Nonprofiteer
← CEMENT AND CONCRETE WORKERS SCHOLARSHIP FUND

Form 990 for tax year 2023

Filed by CEMENT AND CONCRETE WORKERS SCHOLARSHIP FUND.

Totals

Total revenue
$306,205
Total expenses
$332,160
Contributions and grants received
$119,413
Grants paid
$258,491
Program service revenue
$93,778
Investment income
$93,014
Other revenue
$0
Total assets, end of year
$2,466,942
Total liabilities, end of year
$19,216
Net assets or fund balances, end of year
$2,447,726
Program services expenses (Part IX)
$258,491
Management and general expenses
$73,669
Fundraising expenses
$0
Program service expenses (Part III)
$258,491

Program services were 77.8% 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.

  • 1c · Fundraising events

    $119,413

  • 2a · Program service revenue: EMPLOYER CONTRIBUTIONS

    total $93,778 · related or exempt $93,778

  • 3 · Investment income

    total $57,682 · related or exempt $57,682

  • 7a · Gross sales of assets other than inventory

    securities $1,253,828

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

    securities $1,218,496

  • 7c · Gain or loss

    securities $35,332

  • 7d · Net gain or loss

    total $35,332 · related or exempt $35,332

  • 8a · Fundraising events: gross income

    $96,347

  • 8a · Fundraising events: contributions included on line 1c

    $119,413

  • 8b · Fundraising events: direct expenses

    $96,347

  • 8c · Net income from fundraising events

    total $0

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $258,491 · program services $258,491

  • 11b · Fees: legal

    total $16,901 · management and general $16,901

  • 11c · Fees: accounting

    total $9,295 · management and general $9,295

  • 11f · Fees: investment management

    total $21,259 · management and general $21,259

  • 13 · Office expenses

    total $49 · management and general $49

  • 16 · Occupancy

    total $5,777 · management and general $5,777

  • 24a · Other expenses: REIMB TO RELATED ORG

    total $20,388 · management and general $20,388

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $196,712 · end of year $78,395

  • 4 · Accounts receivable

    beginning of year $20,000 · end of year $19,000

  • 9 · Prepaid expenses and deferred charges

    beginning of year $145,538 · end of year $153,038

  • 10a · Land, buildings and equipment: cost or other basis

    $11,436

  • 10c · Land, buildings and equipment, net

    beginning of year $12,253 · end of year $11,436

  • 11 · Investments: publicly traded securities

    beginning of year $1,829,066 · end of year $2,193,317

  • 15 · Other assets

    beginning of year $7,176 · end of year $11,756

  • 17 · Accounts payable and accrued expenses

    beginning of year $12,063 · end of year $11,923

  • 25 · Other liabilities

    beginning of year $13,561 · end of year $7,293

  • 27 · Net assets without donor restrictions

    beginning of year $2,185,121 · end of year $2,447,726

Mission and programs · 2023

Mission

TO PROVIDE SCHOLARSHIPS FOR THE DEPENDENTS OF UNION MEMBERS OF THE CEMENT AND CONCRETE WORKERS DISTRICT COUNCIL.

  • TO PROVIDE SCHOLARSHIPS FOR THE DEPENDENTS OF UNION MEMBERS OF THE CEMENT AND CONCRETE WORKERS DISTRICT COUNCIL.

    Expenses $258,491 · Grants $258,491

As filed on the 2023 return.

Listed in Part VII

  • Angelo Angelone

    UNION TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 5 related

  • Michael Salgo

    EMPLOYER TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 5 related

  • Eric Lee

    EMPLOYER TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 4 related

  • Anthony Amella

    UNION TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • Kieran O'Sullivan

    UNION TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 5 related

  • John Peters

    UNION TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 5 related

  • Kevin O'Brien

    EMPLOYER TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 5 related

  • Joseph Mitrione

    EMPLOYER TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 4 related

  • Abby Kaplan

    INTERIM FUND ADMINISTRATOR

    Total calculated
    $290,176
    From this org
    $0
    From related orgs
    $218,169
    Other
    $72,007
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $218,169 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $61,087 related
    Nontaxable benefits
    $0 + $10,920 related
    Filer's total
    $0 + $290,176 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

  • 3 · Approval by the board or compensation committee

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
8 October 2024
IRS schema version
2023v5.1
Source object
202442829349300834

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