Overview
What is Sheet Metal Workers International Association Local 19 Scholarship Fund?
The Sheet Metal Workers International Association Local 19 Scholarship Fund is a philanthropic initiative established to provide financial aid. Its primary purpose is to grant college scholarships to the spouses or dependent children of active and retired members who are in good standing within the Sheet Metal Workers' International Association Local Union No. 19. Based in Philadelphia, Pennsylvania, this nonprofit fund raises money to support this mission, aiming to assist the families of its affiliated workers in their educational pursuits.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 56% (One-Star out of Four Star rating)
The Sheet Metal Workers International Association Local 19 Scholarship Fund has received a low rating of 56%, reflecting concerns in its accountability and finance practices. The organization scored poorly in several governance areas, including having no independent board members and lacking policies for conflict of interest and whistleblowing. Although it has a high program expense ratio of 84.30%, indicating effective allocation of funds toward its mission, the overall governance score significantly affects its rating.
Strengths of the organization include its ability to maintain a strong program expense ratio and a favorable liabilities to assets ratio, demonstrating financial stability. However, the lack of robust governance practices, such as a conflict of interest policy and a whistleblower policy, raises questions about transparency and accountability. The charity does have some strengths in material diversion of assets and maintaining records of board meeting minutes, but these do not fully offset the governance deficiencies.
In summary, while the Sheet Metal Workers International Association Local 19 Scholarship Fund effectively directs its resources towards its programs, it must address its governance issues to improve its rating. The absence of independent oversight and necessary policies undermines confidence in its operational integrity. For potential donors and supporters, these factors are essential to consider when evaluating the organization's trustworthiness and effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Sheet Metal Workers International Association Local 19 Scholarship Fund legitimate?
Sheet Metal Workers International Association Local 19 Scholarship Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Sheet Metal Workers International Association Local 19 Scholarship 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Sheet Metal Workers International Association Local 19 Scholarship Fund?
The Sheet Metal Workers International Association Local 19 Scholarship Fund is committed to providing financial aid by granting scholarships to the spouses or dependent children of active and retired members in good standing. The fund's primary objective is to assist these individuals in furthering their education. Established with the purpose of raising funds and managing a scholarship program, the fund aims to support the educational pursuits of the families within the Sheet Metal Workers' International Association Local Union No. 19. The scholarship program is an essential component of the fund's mission, intended to help eligible family members overcome financial obstacles and pursue higher education.
Who is the CEO of Sheet Metal Workers International Association Local 19 Scholarship Fund?
Gary Masino is the Union Trustee of Sheet Metal Workers International Association Local 19 Scholarship Fund.
What is the revenue of Sheet Metal Workers International Association Local 19 Scholarship Fund?
Sheet Metal Workers International Association Local 19 Scholarship Fund's revenue in 2022 was $106,533.
Who are the executives of Sheet Metal Workers International Association Local 19 Scholarship Fund and what are their salaries?
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $256,906
- Other: $166,422
- Compensation: $0
- Related: $196,151
- Other: $142,340
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Sheet Metal Workers International Association Local 19 Scholarship Fund?
Sheet Metal Workers International Association Local 19 Scholarship Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Sheet Metal Workers International Association Local 19 Scholarship Fund
The Sheet Metal Workers International Association Local 19 Scholarship Fund is established with a mission to provide financial aid through the awarding of scholarships. This fund is specifically designed to assist the spouses or dependent children of active and retired members who are in good standing within Sheet Metal Workers' International Association Local Union No. 19. This initiative aims to lessen the financial burden of furthering education, thereby empowering the families of these members to pursue higher learning opportunities.
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Impact
October, 2024
The Sheet Metal Workers International Association Local 19 Scholarship Fund significantly impacts the education and future opportunities for spouses and dependent children of active and retired members. By providing financial assistance through scholarships, the Fund opens doors to higher education, empowering recipients to pursue their academic and professional goals without the heavy burden of college expenses. This initiative not only supports individual educational aspirations but also strengthens the community by fostering a culture of learning and development among the families of union members. The scholarship program ensures that those who have dedicated their lives to the sheet metal trade can see their loved ones thrive academically, thus creating a legacy of opportunity and advancement within the community.
This information is meant to be a general summary of Sheet Metal Workers International Association Local 19 Scholarship 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: $167
- Program Service Revenue: $52,938
- Gross Receipts: $291,507
Assets and Liabilities:
- Total Assets: $346,580
- Total Liabilities: $152,067
- Net Assets: $194,513
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYER CONTRIBUTIONS
Revenue
$52,938
Organization Details
Founding Year
1987
Phone
(215) 952-1999Principal Officer
Gary Masino
Main Address
1301 S COLUMBUS BLVD, PHILADELPHIA, PA, 19147
NTEE Category
Code: B82 - Education
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