Overview
What is Iuoe Local 15 Charitable Trust?
Iuoe Local 15 Charitable Trust is a nonprofit organization situated in Long Island City, New York. Its primary mission is to offer financial aid to various charitable organizations, as well as to individuals in need, including current and former members of the International Union of Operating Engineers Local 15, 15A, 15B, 15C, 15D, 15G, 15H, and their immediate families. These individuals may have experienced hardships such as death, injury, or financial difficulties. The organization aims to provide support during these challenging times.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Two Stars (64%)
Iuoe Local 15 Charitable Trust has received a Two-Star out of Four Star rating from Charity Navigator, reflecting a score of 64%. This score is derived solely from the Accountability & Finance category, indicating a focus on governance and fiscal responsibility. The majority of the board members are independent, which is a positive aspect, ensuring that the organization operates without conflicts of interest.
The organization's strengths include a strong governance framework, with policies for conflict of interest, whistleblowing, and document retention all in place. Additionally, the board meeting minutes are documented, which reflects transparency in operations. However, the charity shows a high liabilities to assets ratio (76.84%) and a lower program expense ratio (58.33%), which may raise concerns regarding its financial health and the proportion of funds allocated towards its programs.
While the governance aspects appear robust, potential donors and stakeholders may want to consider the financial ratios carefully. Improving the program expense ratio and addressing the liabilities could enhance the charity’s overall effectiveness and public perception.
This AI summary has been generated from information found on Charity Navigator.
Is Iuoe Local 15 Charitable Trust legitimate?
Iuoe Local 15 Charitable Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. Iuoe Local 15 Charitable Trust 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 Iuoe Local 15 Charitable Trust?
The Iuoe Local 15 Charitable Trust's mission is centered around providing financial aid. This assistance is extended to various charitable organizations, as well as to individuals who are in need and deserving of such aid. This includes both current and former members of the International Union of Operating Engineers Local 15, 15A, 15B, 15C, 15D, 15G, 15H, and their immediate families. The organization provides support during times of hardship, such as death, injury, or economic struggles.
Who is the CEO of Iuoe Local 15 Charitable Trust?
Thomas Callahan is the Trustee of Iuoe Local 15 Charitable Trust.
What is the revenue of Iuoe Local 15 Charitable Trust?
Iuoe Local 15 Charitable Trust's revenue in 2022 was $37,355.
Who are the executives of Iuoe Local 15 Charitable Trust and what are their salaries?
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Iuoe Local 15 Charitable Trust?
Iuoe Local 15 Charitable Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Iuoe Local 15 Charitable Trust
The Iuoe Local 15 Charitable Trust is an organization dedicated to providing financial assistance. Its purpose extends beyond its own sphere, reaching out to other charitable organizations, as well as to individuals in need. This includes both present and former members of the International Union of Operating Engineers Local 15, 15A, 15B, 15C, 15D, 15G, 15H, and their immediate families. The trust is designed to offer aid to those who have experienced hardships, such as death, injury, or economic struggles. By providing this assistance, the Iuoe Local 15 Charitable Trust aims to offer a helping hand to those in need, demonstrating a commitment to charity and support within its community.
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Impact
August, 2024
Iuoe Local 15 Charitable Trust's impact can be seen in the valuable financial assistance it provides to other charitable organizations, needy individuals, and present and former members of the International Union of Operating Engineers Local 15 and their immediate families who have faced death, injury, or economic hardship. This support plays a crucial role in helping those in need within the community and demonstrates a commitment to philanthropy and supporting individuals during challenging times.
This information is meant to be a general summary of Iuoe Local 15 Charitable Trust. 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: $103
- Gross Receipts: $37,355
Assets and Liabilities:
- Total Assets: $497,766
- Total Liabilities: $382,572
- Net Assets: $115,194
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Organization Details
Founding Year
2008
Phone
(212) 929-5327Principal Officer
Thomas Callahan
Main Address
44-40 11TH STREET, LONG ISLAND CITY, NY, 111015105
NTEE Category
Code: T31 - Philanthropy
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