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Nonprofiteer
← IUOE LOCAL 150 SCHOLARSHIP FUND INC

Form 990 for tax year 2022

Filed by IUOE LOCAL 150 SCHOLARSHIP FUND INC.

Totals

Total revenue
$198,575
Total expenses
$270,284
Contributions and grants received
$129,902
Grants paid
$240,300
Program service revenue
$0
Investment income
$48,586
Other revenue
$20,087
Total assets, end of year
$2,504,356
Total liabilities, end of year
$612,650
Net assets or fund balances, end of year
$1,891,706
Program services expenses (Part IX)
$240,300
Management and general expenses
$29,984
Fundraising expenses
$0
Program service expenses (Part III)
$240,300

Program services were 88.9% 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.

  • 1f · All other contributions, gifts and grants

    $129,902

  • 1g · Noncash contributions included above

    $11,267

  • 3 · Investment income

    total $47,179 · excluded $47,179

  • 7a · Gross sales of assets other than inventory

    securities $1,407

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

    securities $0

  • 7c · Gain or loss

    securities $1,407

  • 7d · Net gain or loss

    total $1,407 · excluded $1,407

  • 8a · Fundraising events: gross income

    $61,045

  • 8b · Fundraising events: direct expenses

    $40,958

  • 8c · Net income from fundraising events

    total $20,087 · excluded $20,087

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $240,300 · program services $240,300

  • 11c · Fees: accounting

    total $5,707 · management and general $5,707

  • 11f · Fees: investment management

    total $18,086 · management and general $18,086

  • 24a · Other expenses: REIMBURSED EXPENSE

    total $5,560 · management and general $5,560

  • 24b · Other expenses: PRINTING AND COPYING

    total $315 · management and general $315

  • 24c · Other expenses: BUSINESS EXPENSES

    total $250 · management and general $250

  • 24d · Other expenses: BANK FEES

    total $36 · management and general $36

  • 24e · All other expenses

    total $30 · management and general $30

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $685,096 · end of year $302,185

  • 4 · Accounts receivable

    beginning of year $1,812 · end of year $552

  • 11 · Investments: publicly traded securities

    beginning of year $1,917,681 · end of year $2,201,619

  • 25 · Other liabilities

    beginning of year $613,750 · end of year $612,650

  • 27 · Net assets without donor restrictions

    beginning of year $1,990,839 · end of year $1,891,706

Mission and programs · 2022

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 $240,300 · Grants $240,300

As filed on the 2022 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

  • Debra Toppert

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Michael Kresge

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Marc Poulos

    EXECUTIVE DIRECTOR

    Total calculated
    $426,036
    From this org
    $0
    From related orgs
    $295,943
    Other
    $130,093
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $0 + $295,943 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $80,797 related
    Nontaxable benefits
    $0 + $49,296 related
    Filer's total
    $0 + $426,036 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
2022
Filed
12 February 2024
IRS schema version
2022v5.0
Source object
202410459349302621

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