Overview
What is Local 817 Scholarship Training Fund?
The Local 817 Scholarship Training Fund is a charitable organization situated in Great Neck, New York. Their primary mission is to offer scholarship benefits to eligible members and their dependents. As of December 31, 2022, they had 1,081 participants. In 2021, they made scholarship payments amounting to $2,860,819. This nonprofit is affiliated with the International Brotherhood of Teamsters Local 817, and its mission revolves around providing financial aid for education and training to its members and their families.
Is Local 817 Scholarship Training Fund legitimate?
Local 817 Scholarship Training Fund is a legitimate nonprofit organization registered as a 501(c)(9) entity. Local 817 Scholarship Training Fund 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: $27,068
Professional Fundraising Fees: $0
Other Salaries and Wages: $11,760
For more financial information, click here
What is the mission statement of Local 817 Scholarship Training Fund?
The Local 817 Scholarship Training Fund's primary mission is to offer scholarship benefits to eligible dependents and members of the International Brotherhood of Teamsters Local 817. This mission is carried out by providing financial aid to qualified individuals. As of December 31, 2022, there were 1,081 participants benefiting from these scholarships. In 2021, the fund disbursed a total of $2,860,819 in scholarship payments.
Who is the CEO of Local 817 Scholarship Training Fund?
Thomas J O'Donnell is the Trustee of Local 817 Scholarship Training Fund.
What is the revenue of Local 817 Scholarship Training Fund?
Local 817 Scholarship Training Fund's revenue in 2022 was $8,981,637.
Who are the executives of Local 817 Scholarship Training Fund and what are their salaries?
The average compensation at Local 817 Scholarship Training Fund during 2022 was $377. There are 103 employees at Local 817 Scholarship Training Fund.
Here are 7 key members and their salaries:
- Compensation: $0
- Related: $296,532
- Other: $114,349
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $277,688
- Other: $108,052
- Compensation: $0
- Related: $229,727
- Other: $89,268
- Compensation: $23,193
- Related: $236,522
- Other: $85,706
- Compensation: $3,875
- Related: $131,628
- Other: $44,716
Where can I find the form 990 for Local 817 Scholarship Training Fund?
Local 817 Scholarship Training Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Local 817 Scholarship Training Fund
The Local 817 Scholarship Training Fund is devoted to extending scholarship benefits to eligible dependents and members of the International Brotherhood of Teamsters Local 817. This nonprofit organization's primary mission is to provide financial aid, enabling individuals associated with Local 817 to pursue their educational goals. As of December 31, 2022, the fund had 1,081 participants participating in this scholarship program. In the year 2021, the organization made substantial scholarship payments totaling $2,860,819, showcasing its commitment to education and financial support.
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Impact
October, 2024
The Local 817 Scholarship Training Fund has a significant impact by providing critical financial support to eligible dependents and members of International Brotherhood of Teamsters Local 817. By offering scholarship benefits, the fund empowers individuals to pursue higher education, thereby enhancing their personal and professional development.
As of December 31, 2022, the program had an impressive engagement, with 1,081 participants benefiting from its offerings. In 2021 alone, the fund disbursed a total of $2,860,819 in scholarships, which illustrates its commitment to fostering educational opportunities within the community. This financial assistance not only alleviates the burden of tuition costs but also encourages academic achievement and workforce readiness among the recipients.
Ultimately, the Local 817 Scholarship Training Fund plays a vital role in promoting educational access and equity, strengthening the community by investing in the future of its members and their families.
This information is meant to be a general summary of Local 817 Scholarship Training Fund. 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: $1,596,417
- Program Service Revenue: $7,383,627
- Gross Receipts: $26,869,520
Assets and Liabilities:
- Total Assets: $43,972,084
- Total Liabilities: $38,531
- Net Assets: $43,933,553
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYER CONTRIBUTIONS
Revenue
$7,383,627
Organization Details
Founding Year
1965
Phone
(516) 365-3470Principal Officer
Thomas J O'Donnell
Main Address
817 OLD CUTTERMILL ROAD, GREAT NECK, NY, 11021
NTEE Category
Code: Y40 - Mutual benefit
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