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James R Hoffa Memorial Scholarship Fund Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 522206826 ✦ Washington, DC ✦ Designated as a 501(c)(3)

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Overview

What is James R Hoffa Memorial Scholarship Fund Inc?

The James R Hoffa Memorial Scholarship Fund Inc, located in Washington D.C., serves as a nonprofit organization dedicated to providing financial aid for the higher education of qualified dependents of active and retired members of the International Brotherhood of Teamsters. Established with a mission to support the educational pursuits of the families connected to the Teamsters Union, the Fund awards scholarships to enable recipients to attend accredited post-secondary educational institutions. With a team of two dedicated individuals, the organization plays a significant role in fostering educational opportunities for union members' families.


Official website here: www.jrhmsf.org

Is James R Hoffa Memorial Scholarship Fund Inc legitimate?

James R Hoffa Memorial Scholarship Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. James R Hoffa Memorial Scholarship Fund Inc 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: $24,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $80,000

For more financial information, click here


Official website here: www.jrhmsf.org

What is the mission statement of James R Hoffa Memorial Scholarship Fund Inc?

The James R Hoffa Memorial Scholarship Fund Inc's primary mission is to provide scholarships to the dependents of active and retired members of the Teamsters Union. This is done with the objective of enabling these recipients to pursue their education at accredited post-secondary educational institutions. The fund aims to support the academic aspirations of these dependents, thereby contributing to their future growth and success. The scholarships granted by the fund are intended to alleviate the financial burden of higher education, thereby providing an opportunity for these individuals to pursue their academic goals. In essence, the James R Hoffa Memorial Scholarship Fund Inc's mission is to empower the next generation of Teamsters Union members' dependents through education.


Official website here: www.jrhmsf.org

Who is the CEO of James R Hoffa Memorial Scholarship Fund Inc?

Richard Bell is the President of James R Hoffa Memorial Scholarship Fund Inc.


Official website here: www.jrhmsf.org

What is the revenue of James R Hoffa Memorial Scholarship Fund Inc?

James R Hoffa Memorial Scholarship Fund Inc's revenue in 2022 was $2,516,570.


Official website here: www.jrhmsf.org

Who are the executives of James R Hoffa Memorial Scholarship Fund Inc and what are their salaries?

The average compensation at James R Hoffa Memorial Scholarship Fund Inc during 2022 was $52,000. There are 2 employees at James R Hoffa Memorial Scholarship Fund Inc.


Here are 7 key members and their salaries:


Cindy Impala (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Hoffa (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
James Hoffa (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Karen Roche (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Neil Ditcheck (Former Secretary- Thru 9/14/22)
  • Compensation: $0
  • Related: $0
  • Other: $0
Richard Bell (President)
  • Compensation: $24,000
  • Related: $0
  • Other: $0
Tom Metzinger (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.jrhmsf.org

Where can I find the form 990 for James R Hoffa Memorial Scholarship Fund Inc?

James R Hoffa Memorial Scholarship Fund Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.jrhmsf.org

Learn more at the official website: www.jrhmsf.org

Mission Statement of James R Hoffa Memorial Scholarship Fund Inc

The James R Hoffa Memorial Scholarship Fund Inc is dedicated to awarding scholarships to the dependents of active and retired members of the Teamsters Union. This nonprofit organization's mission is to enable these recipients to attend accredited post-secondary educational institutions. By providing financial assistance, the James R Hoffa Memorial Scholarship Fund Inc aims to support the educational aspirations of the families affiliated with the Teamsters Union, thereby contributing to their overall personal growth and development.

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Impact




October, 2024

The James R Hoffa Memorial Scholarship Fund Inc significantly enhances educational opportunities for dependents of active and retired Teamsters Union members. By providing scholarships, it enables these individuals to pursue higher education at accredited institutions, thereby investing in their futures and contributing to their personal and professional development. This support helps alleviate the financial burden of college expenses, allowing recipients to focus on their studies while fostering a sense of community and solidarity among Teamsters. The scholarships not only empower the next generation with educational attainment but also uphold the values of labor unions by promoting access to education for those connected to the workforce. Ultimately, the fund plays a crucial role in shaping the future leaders of the labor movement and society as a whole.




This information is meant to be a general summary of James R Hoffa Memorial Scholarship Fund Inc. 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.

Revenue
$2,516,570 (2022)
Expenses
$1,547,391 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $1,276,193
  • Gross Receipts: $15,147,640

Assets and Liabilities:

  • Total Assets: $16,431,780
  • Total Liabilities: $1,417,207
  • Net Assets: $15,014,573

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Organization Details

Founding Year

1999

Principal Officer

Richard Bell

Main Address

4200 WISCONSIN AVE NW STE 106-289, WASHINGTON, DC, 20016

NTEE Category

Code: B82 - Education

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