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Nonprofiteer
← IUOE LOCAL 150 SCHOLARSHIP FUND INC

Form 990 for tax year 2023

Filed by IUOE LOCAL 150 SCHOLARSHIP FUND INC.

Totals

Total revenue
$609,009
Total expenses
$286,400
Contributions and grants received
$526,780
Grants paid
$253,316
Program service revenue
$0
Investment income
$53,141
Other revenue
$29,088
Total assets, end of year
$3,121,254
Total liabilities, end of year
$603,850
Net assets or fund balances, end of year
$2,517,404
Program services expenses (Part IX)
$253,316
Management and general expenses
$33,084
Fundraising expenses
$0
Program service expenses (Part III)
$253,316

Program services were 88.4% 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

    $526,780

  • 1g · Noncash contributions included above

    $9,464

  • 3 · Investment income

    total $55,980 · excluded $55,980

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

    securities $2,839

  • 7c · Gain or loss

    securities -$2,839

  • 7d · Net gain or loss

    total -$2,839 · excluded -$2,839

  • 8a · Fundraising events: gross income

    $65,407

  • 8b · Fundraising events: direct expenses

    $36,319

  • 8c · Net income from fundraising events

    total $29,088 · excluded $29,088

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $253,316 · program services $253,316

  • 11c · Fees: accounting

    total $6,784 · management and general $6,784

  • 11f · Fees: investment management

    total $20,803 · management and general $20,803

  • 24a · Other expenses: REIMBURSED EXPENSE

    total $2,680 · management and general $2,680

  • 24b · Other expenses: POSTAGE AND MAILING

    total $1,887 · management and general $1,887

  • 24c · Other expenses: BUSINESS EXPENSES

    total $500 · management and general $500

  • 24d · Other expenses: PRINTING AND COPYING

    total $215 · management and general $215

  • 24e · All other expenses

    total $215 · management and general $215

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $302,185 · end of year $408,018

  • 4 · Accounts receivable

    beginning of year $552 · end of year $156,152

  • 11 · Investments: publicly traded securities

    beginning of year $2,201,619 · end of year $2,557,084

  • 25 · Other liabilities

    beginning of year $612,650 · end of year $603,850

  • 27 · Net assets without donor restrictions

    beginning of year $1,891,706 · end of year $2,517,404

Mission and programs · 2023

Mission

TO PROVIDE SCHOLARSHIPS TO CHILDREN OF MEMBERS OF INTERNATIONAL UNION OF OPERATING ENGINEERS LOCAL 150.

  • TO PROVIDE SCHOLARSHIPS TO CHILDREN OF MEMBERS OF INTERNATIONAL UNION OF OPERATING ENGINEERS LOCAL 150.

    Expenses $253,316 · Grants $253,316

As filed on the 2023 return.

Listed in Part VII

  • MARSHALL DOUGLAS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • JAMES M SWEENEY

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • JEFFREY HORNE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • DAVID FAGAN

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • DAVID SNELTEN

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • ED KOCSIS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • DAN AUSSEM

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • KEITH ROSE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • DEB TOPPERT

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MIKE KRESGE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MARC POULOS

    EXECUTIVE DIRECTOR

    Total calculated
    $453,866
    From this org
    $0
    From related orgs
    $318,929
    Other
    $134,937
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $0 + $318,929 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $83,176 related
    Nontaxable benefits
    $0 + $51,761 related
    Filer's total
    $0 + $453,866 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
2023
Filed
16 January 2025
IRS schema version
2023v6.0
Source object
202530309349300933

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