Overview
What is Plumbers Local Union No 690 Thomas J Mcnulty Annual Scholarship Fd?
Plumbers Local Union No 690 Thomas J Mcnulty Annual Scholarship Fd is a nonprofit organization situated in Philadelphia, Pennsylvania. Its primary mission is to offer scholarships to the dependent children of active, retired, disabled, or deceased union members. The scholarships are funded through employer contributions, which are determined through collective bargaining agreements. This is the sole program and service provided by the organization, with all revenues and expenses being allocated towards this purpose. The fund aims to support the educational aspirations of the families connected to the plumbers' union, contributing to their long-term well-being.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 70% (Two-Star out of Four Star Rating)
Plumbers Local Union No 690 Thomas J Mcnulty Annual Scholarship Fund has received a Two-Star rating from Charity Navigator, indicating a moderate level of accountability and financial health. The organization scored 70% overall, with notable strengths in its program expense ratio and liabilities to assets ratio, reflecting a commitment to its mission and responsible asset management.
However, the organization has significant weaknesses that affect its overall rating. There are no independent board members, which raises concerns about governance and oversight. Additionally, the charity lacks a published conflict of interest policy and a whistleblower policy, which are important for transparency and ethical operations.
Despite these limitations, the nonprofit has demonstrated effective management of its program expenses and retained strong documentation of board meeting minutes. Improvements in governance practices and the establishment of essential policies could enhance its accountability and potentially raise its rating in the future.
This AI summary has been generated from information found on Charity Navigator.
Is Plumbers Local Union No 690 Thomas J Mcnulty Annual Scholarship Fd legitimate?
Plumbers Local Union No 690 Thomas J Mcnulty Annual Scholarship Fd is a legitimate nonprofit organization registered as a 501(c)(3) entity. Plumbers Local Union No 690 Thomas J Mcnulty Annual Scholarship Fd 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 Local Union No 690 Thomas J Mcnulty Annual Scholarship Fd?
The Plumbers Local Union No 690 Thomas J Mcnulty Annual Scholarship Fund's primary objective is to offer educational scholarships to the dependent children of active, retired, disabled, or deceased union members. This mission is carried out through employer contributions, determined by a collective bargaining agreement. The fund serves a single purpose, which is to provide financial aid for the children's higher education. All revenues and expenditures are dedicated to this purpose, making it the sole program service of the organization.
Who is the CEO of Plumbers Local Union No 690 Thomas J Mcnulty Annual Scholarship Fd?
Thomas J Mcnulty is the Co-Chairman of Plumbers Local Union No 690 Thomas J Mcnulty Annual Scholarship Fd.
What is the revenue of Plumbers Local Union No 690 Thomas J Mcnulty Annual Scholarship Fd?
Plumbers Local Union No 690 Thomas J Mcnulty Annual Scholarship Fd's revenue in 2022 was $173,781.
Who are the executives of Plumbers Local Union No 690 Thomas J Mcnulty Annual Scholarship Fd and what are their salaries?
Here are 9 key members and their salaries:
- Compensation: $0
- Related: $218,804
- Other: $155,756
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $167,009
- Other: $132,336
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $161,052
- Other: $129,656
- Compensation: $0
- Related: $160,932
- Other: $129,620
- Compensation: $0
- Related: $152,982
- Other: $97,160
Where can I find the form 990 for Plumbers Local Union No 690 Thomas J Mcnulty Annual Scholarship Fd?
Plumbers Local Union No 690 Thomas J Mcnulty Annual Scholarship Fd's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Plumbers Local Union No 690 Thomas J Mcnulty Annual Scholarship Fd
Plumbers Local Union No 690 Thomas J McNulty Annual Scholarship Fund is established with a mission to provide scholarships for the dependent children of union members. This mission is facilitated through employer contributions, which are determined through collective bargaining agreements. The organization's primary activity and service revolve around this scholarship program, and all the revenues and expenses are allocated towards this purpose. This fund aims to support the educational pursuits of children whose parents are active, retired, disabled, or deceased union members, thereby providing them with opportunities to further their education.
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Impact
October, 2024
The Plumbers Local Union No 690 Thomas J McNulty Annual Scholarship Fund plays a vital role in supporting the educational aspirations of dependent children of union members. By providing scholarships, the fund alleviates some of the financial burdens associated with higher education. This assistance enables eligible students to pursue their studies without the overwhelming stress of tuition fees, promoting academic success and personal development.
The scholarships are funded through employer contributions, which are determined by collective bargaining agreements. This structure strengthens the communal bond within the union and underscores the commitment of the organization to invest in the future of its members' families. By focusing exclusively on educational support, the fund not only benefits the recipients but also contributes to the overall well-being of the union community in Philadelphia.
Overall, the impact of this scholarship fund extends beyond individual recipients; it fosters a culture of education, empowerment, and support among union families, ensuring that the value of education is recognized and prioritized for the next generation.
This information is meant to be a general summary of Plumbers Local Union No 690 Thomas J Mcnulty Annual Scholarship Fd. 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: $14,001
- Program Service Revenue: $159,780
- Gross Receipts: $173,781
Assets and Liabilities:
- Total Assets: $914,031
- Total Liabilities: $14,443
- Net Assets: $899,588
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RECEIPTS FROM EMPLOYER
Revenue
$159,780
Organization Details
Founding Year
2003
Phone
(215) 677-6900Principal Officer
Thomas J Mcnulty
Main Address
2791 SOUTHAMPTON ROAD, PHILADELPHIA, PA, 191541296
NTEE Category
Code: B82 - Education
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