Overview
What is Teamsters Local Union 769 Scholarship Fund?
Teamsters Local Union 769 Scholarship Fund is a charitable organization situated in Miami, Florida, dedicated to supporting the educational aspirations of the dependents of its affiliated union members. Their primary mission is to raise funds for these scholarships through annual golf tournaments. The Scholarship Fund has established itself as a means to provide financial assistance for students, thereby empowering the next generation connected to the Local Union.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 53%, One-Star out of Four Stars
Teamsters Local Union 769 Scholarship Fund has received a low rating of 53%, which indicates significant concerns regarding its accountability and financial practices. The rating is solely based on the Accountability & Finance score, highlighting areas where the organization may not meet best practices in governance and transparency.
The organization has shown a strong commitment to utilizing its funds for programs, boasting a 100% program expense ratio. However, its governance structure raises red flags, with only 28% of the board members being independent. Additionally, it lacks essential policies such as conflict of interest and whistleblower protections, which are critical for fostering transparency and accountability.
Despite these challenges, the organization does report no material diversion of assets and maintains a favorable liabilities to assets ratio, ensuring financial stability. However, the absence of publicly available documents and policies indicates a need for improvement in operational transparency.
This AI summary has been generated from information found on Charity Navigator.
Is Teamsters Local Union 769 Scholarship Fund legitimate?
Teamsters Local Union 769 Scholarship Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Teamsters Local Union 769 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 Teamsters Local Union 769 Scholarship Fund?
The Teamsters Local Union 769 Scholarship Fund's mission is centered around providing financial aid to the dependents of its union members. It accomplishes this mission by hosting an annual golf tournament as a fundraising event. The primary program of the Fund is the Scholarship Grants, which are offered to eligible students. The Scholarship Fund, although not specified, likely aims to assist in alleviating the financial burden of education for the families of its union members.
Who is the CEO of Teamsters Local Union 769 Scholarship Fund?
Josh Zivalich is the Director of Teamsters Local Union 769 Scholarship Fund.
What is the revenue of Teamsters Local Union 769 Scholarship Fund?
Teamsters Local Union 769 Scholarship Fund's revenue in 2022 was $40,056.
Who are the executives of Teamsters Local Union 769 Scholarship Fund and what are their salaries?
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Teamsters Local Union 769 Scholarship Fund?
Teamsters Local Union 769 Scholarship Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Teamsters Local Union 769 Scholarship Fund
The Teamsters Local Union 769 Scholarship Fund, in its mission, aims to provide financial assistance to the dependents of its Local Union members. To achieve this goal, the Fund organizes an annual golf tournament, serving as a fundraising event. The primary program of the Fund is the Scholarship Grants, which are offered to eligible students, helping them pursue their education.
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Impact
August, 2024
Teamsters Local Union 769 Scholarship Fund's impact is evident in the support it provides to the dependents of Local Union members through scholarship grants. The Fund's efforts help students pursue their educational aspirations by alleviating financial burdens associated with higher education. Additionally, the annual golf tournament organized by the Fund serves as a vital fundraising platform to generate resources for student scholarships. Through these initiatives, Teamsters Local Union 769 Scholarship Fund contributes towards fostering educational opportunities for deserving individuals within the community.
This information is meant to be a general summary of Teamsters Local Union 769 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: $44
- Gross Receipts: $58,340
Assets and Liabilities:
- Total Assets: $83,418
- Total Liabilities: $0
- Net Assets: $83,418
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Organization Details
Founding Year
2010
Phone
(305) 642-6255Principal Officer
Josh Zivalich
Main Address
12365 W Dixie Highway, Miami, FL, 33161
NTEE Category
Code: B82 - Education
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