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CARPENTERS' LOCAL 157 SCHOLARSHIP FUND

NEW YORK, NY · EIN 020602066 · Form 990 · FY2024 · NTEE B82 · Education · Small ($100K-$1M)
revenue
$126K
expenses
$317K
net assets
$1.3M
employees
0
program ratio
100%
mission · from form 990

THE PROGRAM WAS DESIGNED TO ASSIST QUALIFIED APPLICANTS IN ATTAINING THE BENEFITS OF A COLLEGE EDUCATION. THE CARPENTERS' LOCAL 157 SCHOLARSHIP FUND OFFERS A WAY TO EXPRESS OUR CONTINUED EFFORTS SUPPORTING EDUCAITON FOR OUR MEMBERS' CHILDREN.

profile · synthesized from sources

The Carpenters' Local 157 Scholarship Fund supports college education for children of union members. It operates as a scholarship program focused on increasing access to higher education. The organization is based in New York and serves families affiliated with Carpenters' Local 157.

named programs · 1 · from sources

What they call their work

College Scholarship Program
Provides financial assistance to qualified applicants who are children of Carpenters' Local 157 members to support pursuit of a college education
activities · 1 group

What they do

  • Union-Linked Educational Scholarships 1 activity
    • Funding scholarships for children of union members
      Provides financial support for college education to children of union members through a scholarship program.
financials · form 990 · fy2024
revenue
Total revenue$126K
Contributions & grants$120K95%
Program service revenue$00%
Investment income$6K5%
Other revenue$1
expenses
Total expenses$317K
Program expenses100%
Admin / overhead0%
Fundraising0%
Salaries & benefits$0
Grants paid out$297K
Largest expense lineProfessional Fees
balance sheet
Total assets$1.73M
Cash$1.73M
Investments$0
Liabilities$462K
Net assets$1.27M
Liquid reserves65.4 mo
4 years on record · 2020–2024 · YoY revenue -10.2%
leadership · form 990 part vii · fy2024

Who runs it

paid leadership · 5
NameTitleHours/wkCompensation
ANTHONY MADAIO DIRECTOR 1 $16K
MANGITO FOWLKES DIRECTOR 1 $12K
JOSEPH KEATING DIRECTOR 1 $10K
EAMON CAREY DIRECTOR 1 $6K
DONALD FOLEY DIRECTOR 1 $4K
strategies · 1

How they approach the work

Named approaches extracted from this org’s sources. Where others share an approach, follow it to see the full set of orgs running it.

  • Targeted Scholarship Funding for Union Members' Children
    methodology: member-family_educational_support
    By providing scholarships specifically to children of union members, we increase educational access and attainment, because financial barriers are a primary constraint to college enrollment for working-class families.