Overview
What is Local 369 Charitable Inc?
Local 369 Charitable Inc is a nonprofit organization situated in Quincy, Massachusetts, specifically at 68 Sagamore Street. Their primary mission is to offer post-secondary scholarship awards to the children of union members affiliated with Utility Workers of America, AFL-CIO, Local Union 369. The EIN associated with this organization is 04-2086355. By providing these scholarships, the nonprofit seeks to support the educational aspirations of the families connected to the utility workers' union, thereby contributing to their future success.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 33%
Local 369 Charitable Inc has received a Zero-Star out of Four Star rating based on a low overall score of 33%, which primarily reflects concerns in the area of Accountability & Finance. Out of the various elements assessed, the organization shows strengths in maintaining an independent board, with 88% of its members independent and a board size that consists entirely of independent members. Additionally, there are no noted material diversions of assets, indicating a level of financial integrity.
However, several critical weaknesses contribute to the low score. The charity lacks essential policies such as a conflict of interest policy, whistleblower policy, and document retention policy, all of which are crucial for ensuring transparency and trust. Furthermore, the organization does not have its website listed on its tax form, and there is a complete absence of publicly posted financial documents, which raises concerns about accessibility and transparency of information for potential donors.
With a program expense ratio of only 30.65%, it also suggests that a significant portion of funds may not be directed towards program services. Overall, while Local 369 Charitable Inc has a structure that supports accountability through its board composition, the lack of necessary policies and financial transparency poses significant limitations that potential supporters should consider.
This AI summary has been generated from information found on Charity Navigator.
Is Local 369 Charitable Inc legitimate?
Local 369 Charitable Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Local 369 Charitable 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:
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What is the mission statement of Local 369 Charitable Inc?
Local 369 Charitable Inc is an organization dedicated to providing post-secondary scholarship awards. Specifically, it focuses on the children of union members who are part of Utility Workers of America, AFL-CIO, Local Union 369. The primary goal of the charity is to support the education of these children, thereby aiding in their future academic pursuits. The organization does not provide any additional services or initiatives beyond this scholarship program.
Who is the CEO of Local 369 Charitable Inc?
Daniel P Leary is the Director of Local 369 Charitable Inc.
What is the revenue of Local 369 Charitable Inc?
Local 369 Charitable Inc's revenue in 2022 was $40,385.
Who are the executives of Local 369 Charitable Inc and what are their salaries?
Here are 18 key members and their salaries:
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Where can I find the form 990 for Local 369 Charitable Inc?
Local 369 Charitable Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Local 369 Charitable Inc
Local 369 Charitable Inc, as its mission statement suggests, is dedicated to providing post-secondary scholarship awards to the children of utility workers who are members of Union Local 369, under the umbrella of the Utility Workers of America, AFL-CIO. This nonprofit organization aims to support the educational aspirations of these children, offering them financial assistance to pursue higher education. By doing so, Local 369 Charitable Inc contributes to the advancement of the next generation, fostering their potential and setting them on a path towards personal and professional growth. This mission reflects the organization's commitment to the well-being and future of the families of its affiliated utility workers.
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Impact
August, 2024
Local 369 Charitable Inc's impact is significant as it provides post-secondary scholarship awards to the children of union members affiliated with Utility Workers of America, AFL-CIO, Local Union 369. By offering financial assistance for higher education, the organization is enabling these students to pursue their academic goals and build a better future for themselves. This support not only benefits the individual recipients but also contributes to the overall advancement and success of the union community. Through its focused mission of supporting education, Local 369 Charitable Inc is making a tangible difference in the lives of these deserving students.
This information is meant to be a general summary of Local 369 Charitable 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Program Service Revenue: $20,350
- Gross Receipts: $40,385
Assets and Liabilities:
- Total Assets: $141,762
- Total Liabilities: $0
- Net Assets: $141,762
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
GOLF TOURNAMENT
Revenue
$20,350
Organization Details
Founding Year
2020
Phone
(781) 848-3740Principal Officer
Daniel P Leary
Main Address
68 SAGAMORE STREET, QUINCY, MA, 02171
NTEE Category
Code: B82 - Education
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