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← OPERATING ENGINEERS LOCAL UNION NO 3 SCHOLARSHIP FOUNDATION

Form 990 for tax year 2023

Filed by OPERATING ENGINEERS LOCAL UNION NO 3 SCHOLARSHIP FOUNDATION.

Totals

Total revenue
$606,632
Total expenses
$324,819
Contributions and grants received
$439,721
Grants paid
$295,500
Program service revenue
$0
Investment income
$166,699
Other revenue
$212
Total assets, end of year
$3,988,603
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$3,988,603
Program services expenses (Part IX)
$295,500
Management and general expenses
$29,319
Fundraising expenses
$0
Program service expenses (Part III)
$295,500

Program services were 91.0% 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

    $188,623

  • 1f · All other contributions, gifts and grants

    $251,098

  • 3 · Investment income

    total $88,149 · excluded $88,149

  • 7a · Gross sales of assets other than inventory

    securities $3,576,043

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

    securities $3,497,493

  • 7c · Gain or loss

    securities $78,550

  • 7d · Net gain or loss

    total $78,550 · excluded $78,550

  • 8a · Fundraising events: gross income

    $109,727

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

    $188,623

  • 8b · Fundraising events: direct expenses

    $109,727

  • 8c · Net income from fundraising events

    total $0

  • 11a · Other revenue: OTHER INCOME

    total $212 · related or exempt $212

  • 11e · Other revenue, total

    $212

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $295,500 · program services $295,500

  • 11c · Fees: accounting

    total $10,750 · management and general $10,750

  • 11f · Fees: investment management

    total $9,863 · management and general $9,863

  • 11g · Fees: other

    total $2,782 · management and general $2,782

  • 13 · Office expenses

    total $1,060 · management and general $1,060

  • 23 · Insurance

    total $1,968 · management and general $1,968

  • 24a · Other expenses: BANK CHARGES

    total $2,272 · management and general $2,272

  • 24b · Other expenses: CERTIFICATE PLAQUES

    total $415 · management and general $415

  • 24c · Other expenses: PERMITS & LICENSES

    total $209 · management and general $209

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $65,446 · end of year $36,948

  • 2 · Savings and temporary cash investments

    beginning of year $520,579 · end of year $682,231

  • 11 · Investments: publicly traded securities

    beginning of year $2,984,054 · end of year $3,269,424

  • 27 · Net assets without donor restrictions

    beginning of year $3,570,079 · end of year $3,988,603

Mission and programs · 2023

Mission

TO PROVIDE SCHOLARSHIPS TO SONS AND DAUGHTERS OF MEMBERS OF OPERATING ENGINEERS LOCAL UNION NO. 3.

  • TO PROVIDE SCHOLARSHIPS TO SONS AND DAUGHTERS OF MEMBERS OF OPERATING ENGINEERS LOCAL UNION NO. 3.

    Expenses $295,500 · Grants $295,500

As filed on the 2023 return.

Listed in Part VII

  • Steve Ingersoll

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Dave Harrison

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Kenneth Absalom

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Mike Donohue

    VICE PRESIDENT-FORMER

    Total calculated
    $0
    Hours/week
    1

  • Roger Chavarin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Bruce Noel

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Greg Trento

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jeff Hampton

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

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.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
8 November 2024
IRS schema version
2023v5.1
Source object
202433169349303513

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