Overview
What is Local 2222 Ibew Benevolent Fund Tr?
Local 2222 IBEW Benevolent Fund Tr is a charitable organization situated in Quincy, Massachusetts, with the postal address 159 Thomas Burgin Parkway. Their primary mission is to collect funds and support various community projects that require financial assistance. This nonprofit organization has contributed to projects such as sponsoring school sports teams, aiding police and fire departments, and funding disease research. Notably, they recently raised $2,100 for Housing Families, an organization working towards ending family homelessness by providing shelter and supportive services.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 87% (Three-Star out of Four Stars)
The Local 2222 Ibew Benevolent Fund Tr has received a Three-Star rating from Charity Navigator, indicating a strong performance in accountability and finance. The overall score is derived entirely from the Accountability & Finance beacon, which highlights the charity's commitment to responsible financial management. Their Accountability & Finance score of 87 reflects a solid foundation for ensuring donor trust.
One of the significant strengths of the organization is its governance structure, with 100% of its board members being independent. This commitment to independence is evidenced by a perfect score in both independent board members and board size. Additionally, the charity has demonstrated financial integrity with no material diversion of assets and a liabilities to assets ratio of 0.00%, ensuring that the majority of funds are directed towards its programs.
Furthermore, the organization maintains a clear conflict of interest policy and adheres to best practices in document retention and board meeting documentation, receiving full points in these categories as well. The program expense ratio is notably high at 99.34%, indicating that nearly all funds are utilized for programmatic purposes. Overall, while the charity shows many strengths, the single focus on accountability and finance may limit insight into other operational aspects.
This AI summary has been generated from information found on Charity Navigator.
Is Local 2222 Ibew Benevolent Fund Tr legitimate?
Local 2222 Ibew Benevolent Fund Tr is a legitimate nonprofit organization registered as a 501(c)(3) entity. Local 2222 Ibew Benevolent Fund Tr submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Local 2222 Ibew Benevolent Fund Tr?
The Local 2222 IBEW Benevolent Fund's mission involves raising funds to support various worthwhile community projects. These projects include sponsoring school sports teams, contributing to causes related to police and fire departments, and financing disease research, among others. The organization's activities extend to providing scholarships as well. In essence, the Local 2222 IBEW Benevolent Fund aims to support initiatives that require financial assistance, thereby contributing to the betterment of the community. A recent example of their charitable work is their donation of $2,100 to "Housing Families," an organization dedicated to ending family homelessness, offering shelter and supportive services.
Who is the CEO of Local 2222 Ibew Benevolent Fund Tr?
Edward V Hastings is the Vice President Trustee of Local 2222 Ibew Benevolent Fund Tr.
What is the revenue of Local 2222 Ibew Benevolent Fund Tr?
Local 2222 Ibew Benevolent Fund Tr's revenue in 2022 was $35,663.
Who are the executives of Local 2222 Ibew Benevolent Fund Tr and what are their salaries?
There 15 volunteers at Local 2222 Ibew Benevolent Fund Tr.
Here are 10 key members and their salaries:
- Compensation: $0
- Related: $167,549
- Other: $8,015
- Compensation: $0
- Related: $166,259
- Other: $8,015
- Compensation: $0
- Related: $25,384
- Other: $0
- Compensation: $0
- Related: $17,347
- Other: $0
- Compensation: $0
- Related: $16,620
- Other: $0
- Compensation: $0
- Related: $7,244
- Other: $0
- Compensation: $0
- Related: $2,567
- Other: $0
- Compensation: $0
- Related: $2,563
- Other: $0
- Compensation: $0
- Related: $2,461
- Other: $0
- Compensation: $0
- Related: $1,015
- Other: $0
Where can I find the form 990 for Local 2222 Ibew Benevolent Fund Tr?
Local 2222 Ibew Benevolent Fund Tr's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Local 2222 Ibew Benevolent Fund Tr
The Local 2222 IBEW Benevolent Fund is a charitable organization that dedicates its efforts to raising funds for various worthy community projects. Its mission is multifaceted, encompassing the sponsorship of school sports teams, support for police and fire department causes, and the provision of scholarships. Additionally, this organization is deeply committed to disease research, investing in projects that aim to advance medical knowledge and treatment options.
In pursuit of its mission, the Local 2222 IBEW Benevolent Fund has demonstrated its support for numerous initiatives. One such project is "Housing Families," an organization dedicated to eradicating family homelessness. The Fund raised a significant sum of $2,100 through donations, contributing to the organization's ability to offer shelter and supportive services to those in need. This financial support is a testament to the Fund's dedication to making a positive impact within its community.
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Impact
August, 2024
Local 2222 Ibew Benevolent Fund Tr's impact includes raising money to support worthwhile community projects such as sponsoring school sports teams, police and fire department causes, and disease research. For example, Local 2222 IBEW Benevolent Fund raised $2,100 for "Housing Families", an organization dedicated to ending family homelessness and providing shelter and supportive services. This demonstrates the fund's commitment to philanthropy and making a positive difference in the community by supporting various causes in Quincy, MA.
This information is meant to be a general summary of Local 2222 Ibew Benevolent Fund Tr. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $16
- Program Service Revenue: $4,300
- Gross Receipts: $54,892
Assets and Liabilities:
- Total Assets: $36,044
- Total Liabilities: $0
- Net Assets: $36,044
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Organization Details
Founding Year
1999
Phone
(617) 929-6000Principal Officer
Edward V Hastings
Main Address
159 Thomas Burgin Parkway, Quincy, MA, 02169
NTEE Category
Code: T30 - Philanthropy
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