Skip to content
Nonprofiteer
← CARPENTERS LOCAL UNION 157 SCHOLARSHIP FUND

Form 990 for tax year 2023

Filed by CARPENTERS LOCAL UNION 157 SCHOLARSHIP FUND.

Totals

Total revenue
$140,389
Total expenses
$297,588
Contributions and grants received
$80,763
Grants paid
$288,000
Program service revenue
$0
Investment income
$14,626
Other revenue
$45,000
Total assets, end of year
$1,911,901
Total liabilities, end of year
$453,275
Net assets or fund balances, end of year
$1,458,626
Program services expenses (Part IX)
$295,513
Management and general expenses
$2,075
Fundraising expenses
$0
Program service expenses (Part III)
$295,513

Program services were 99.3% 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

    $79,318

  • 1f · All other contributions, gifts and grants

    $1,445

  • 3 · Investment income

    total $14,626 · excluded $14,626

  • 8a · Fundraising events: gross income

    $85,172

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

    $79,318

  • 8b · Fundraising events: direct expenses

    $85,172

  • 8c · Net income from fundraising events

    total $0

  • 11a · Other revenue: SCHOLARSHIP FORFEITURE

    total $45,000 · excluded $45,000

  • 11e · Other revenue, total

    $45,000

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $288,000 · program services $288,000

  • 11c · Fees: accounting

    total $1,800 · management and general $1,800

  • 13 · Office expenses

    total $275 · management and general $275

  • 24a · Other expenses: SCHOLARSHIP EXPENSE

    total $7,513 · program services $7,513

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $988,204 · end of year $771,405

  • 2 · Savings and temporary cash investments

    beginning of year $1,125,870 · end of year $1,140,496

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,750 · end of year $1,775

  • 18 · Grants payable

    beginning of year $496,500 · end of year $451,500

  • 27 · Net assets without donor restrictions

    beginning of year $1,615,824 · end of year $1,458,626

Mission and programs · 2023

Mission

THE PROGRAM WAS DESIGNED TO ASSIST QUALIFIED APPLICANTS IN ATTAINING THE BENEFITS OF A COLLEGE EDUCATION. THE CARPENTERS LOCAL 157 SCHOLARSHIP FUND OFFERS A WAY TO EXPRESS OUR CONTINUED EFFORTS SUPPORTING EDUCATION FOR OUR MEMBERS' CHILDREN.

Activities or mission (Part I)

THE PROGRAM WAS DESIGNED TO ASSIST QUALIFIED APPLICANTS IN ATTAINING THE BENEFITS OF A COLLEGE EDUCATION. THE CARPENTERS' LOCAL 157 SCHOLARSHIP FUND OFFERS A WAY TO EXPRESS OUR CONTINUED EFFORTS SUPPORTING EDUCAITON FOR OUR MEMBERS' CHILDREN.

  • SCHOLARSHIPS AWARDED DURING THE COURSE OF THE YEAR TO QUALIFIED RECIPIENTS.

    Expenses $295,513 · Grants $288,000

As filed on the 2023 return.

Listed in Part VII

  • Anthony Madaio

    DIRECTOR

    Total calculated
    $16,475
    From this org
    $0
    From related orgs
    $16,475
    Other
    $0
    Hours/week
    1 + 20 related

  • Eamon Carey

    DIRECTOR

    Total calculated
    $12,525
    From this org
    $0
    From related orgs
    $12,525
    Other
    $0
    Hours/week
    1 + 20 related

  • Gerald Matthews

    DIRECTOR

    Total calculated
    $2,025
    From this org
    $0
    From related orgs
    $2,025
    Other
    $0
    Hours/week
    1 + 20 related

  • Donald Foley

    DIRECTOR

    Total calculated
    $4,700
    From this org
    $0
    From related orgs
    $4,700
    Other
    $0
    Hours/week
    1 + 20 related

  • Mangito Fowlkes

    DIRECTOR

    Total calculated
    $6,600
    From this org
    $0
    From related orgs
    $6,600
    Other
    $0
    Hours/week
    1 + 20 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.

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
7 November 2024
IRS schema version
2023v5.1
Source object
202413209349308986

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.