Overview
What is Plumbers & Pipefitters Local Union 562 Scholarship Fund?
Plumbers & Pipefitters Local Union 562 Scholarship Fund is a nonprofit organization situated in Earth City, Missouri. The primary mission of this entity is to advocate for education by maintaining a scholarship fund and granting scholarships to deserving children of union members who are part of Plumbers and Pipefitters Local 562. The fund's goal is to support the educational aspirations of these students, thereby encouraging and enabling them to pursue their academic goals effectively.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 50%, One-Star out of Four Star rating.
The Plumbers & Pipefitters Local Union 562 Scholarship Fund has received a low rating primarily due to its accountability and finance practices. With a score of 50%, the organization has several areas needing improvement, particularly in governance where it scored zero points for having independent board members and lacking essential policies like conflict of interest and whistleblower protection.
While the organization demonstrates some financial strengths, such as a good liabilities to assets ratio and a solid program expense ratio, its lack of transparency and governance practices raises concerns. The absence of posted tax forms and meeting minutes on its website further diminishes its accountability to stakeholders.
Overall, while the fund serves a specific purpose of supporting scholarships, potential donors and beneficiaries should be aware of the significant governance issues that may affect the organization’s operations and credibility. Improvements in transparency and board independence would be essential for enhancing its standing in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Plumbers & Pipefitters Local Union 562 Scholarship Fund legitimate?
Plumbers & Pipefitters Local Union 562 Scholarship Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Plumbers & Pipefitters Local Union 562 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 Plumbers & Pipefitters Local Union 562 Scholarship Fund?
The Plumbers & Pipefitters Local Union 562 Scholarship Fund is committed to promoting education by maintaining a scholarship fund and awarding scholarships to eligible students. This organization aims to support the educational aspirations of children whose parents are members of the Plumbers and Pipefitters Local Union 562. By providing financial assistance, the fund enables these students to pursue their academic goals and contribute to society in the future. The Scholarship Fund's activities primarily revolve around managing its scholarship program, ensuring that deserving students benefit from the financial aid.
Who is the CEO of Plumbers & Pipefitters Local Union 562 Scholarship Fund?
John O'Mara is the President of Plumbers & Pipefitters Local Union 562 Scholarship Fund.
What is the revenue of Plumbers & Pipefitters Local Union 562 Scholarship Fund?
Plumbers & Pipefitters Local Union 562 Scholarship Fund's revenue in 2022 was $48,829.
Who are the executives of Plumbers & Pipefitters Local Union 562 Scholarship Fund and what are their salaries?
Here are 7 key members and their salaries:
- Compensation: $0
- Related: $184,112
- Other: $114,974
- Compensation: $0
- Related: $160,472
- Other: $105,920
- Compensation: $0
- Related: $136,407
- Other: $96,866
- Compensation: $0
- Related: $7,997
- Other: $0
- Compensation: $0
- Related: $5,413
- Other: $0
- Compensation: $0
- Related: $136,578
- Other: $96,866
- Compensation: $0
- Related: $8,366
- Other: $0
Where can I find the form 990 for Plumbers & Pipefitters Local Union 562 Scholarship Fund?
Plumbers & Pipefitters Local Union 562 Scholarship Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Plumbers & Pipefitters Local Union 562 Scholarship Fund
Plumbers & Pipefitters Local Union 562 Scholarship Fund is committed to fostering education by managing a scholarship fund and distributing awards to eligible students. The organization's mission is centered around promoting learning opportunities, particularly for the children of union members belonging to Plumbers and Pipefitters Local 562. By maintaining this scholarship fund and granting scholarships, the organization is able to contribute significantly to the educational pursuits of these students. This philanthropic endeavor reflects the union's dedication to investing in the future of its members' families.
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Impact
August, 2024
The Plumbers & Pipefitters Local Union 562 Scholarship Fund's impact is profound and far-reaching. By providing scholarships to eligible children of union members, the organization is helping to alleviate financial burdens and make higher education more accessible. These scholarships play a crucial role in empowering students to pursue their academic goals and ultimately build a brighter future for themselves and their families. Through its commitment to promoting education, the fund is making a tangible difference in the lives of individuals and fostering a culture of learning and growth within the community.
This information is meant to be a general summary of Plumbers & Pipefitters Local Union 562 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: $48,829
- Gross Receipts: $129,659
Assets and Liabilities:
- Total Assets: $1,302,361
- Total Liabilities: $0
- Net Assets: $1,302,361
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Organization Details
Founding Year
2018
Phone
(314) 355-1000Principal Officer
John O'Mara
Main Address
3640 CORPORATE TRAIL DRIVE, EARTH CITY, MO, 63045
NTEE Category
Code: B82 - Education
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