Nonprofit · EIN 02-0602066
CARPENTERS LOCAL UNION 157 SCHOLARSHIP FUND
Tax-exempt · NEW YORK, NY 10014
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $126,112 | $317,388 | -$191,276 | $1,729,625 | $462,275 | $1,267,350 |
| December 31, 2023 | 990 | $140,389 | $297,588 | -$157,199 | $1,911,901 | $453,275 | $1,458,626 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $120,359
- Program service revenue
- $0
- Investment income
- $5,752
- Net income from fundraising events
- $1
- Other revenue
- $1
Expenses
- Grants and similar amounts paid
- $297,000
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $1,775
- Program services (functional)
- $317,388
Balance sheet and other
- Total assets, start of year
- $1,911,901
- Total assets, end of year
- $1,729,625
- Total liabilities, end of year
- $462,275
- Net assets, end of year
- $1,267,350
- Net assets without donor restrictions
- $1,267,350
- Gross receipts
- $223,977
- Employees
- 0
- Volunteers
- 0
- Year formed
- 2003
- State of legal domicile
- NY
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| ANTHONY MADAIO | DIRECTOR Trustee or director | 1 | $0 | $15,650 |
| MANGITO FOWLKES | DIRECTOR Trustee or director | 1 | $0 | $11,950 |
| JOSEPH KEATING | DIRECTOR Trustee or director | 1 | $0 | $10,175 |
| EAMON CAREY | DIRECTOR Trustee or director | 1 | $0 | $5,900 |
| DONALD FOLEY | DIRECTOR Trustee or director | 1 | $0 | $4,450 |
990 for the year ended December 31, 2023: 5 people
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| ANTHONY MADAIO | DIRECTOR Trustee or director | 1 | $0 | $16,475 |
| EAMON CAREY | DIRECTOR Trustee or director | 1 | $0 | $12,525 |
| MANGITO FOWLKES | DIRECTOR Trustee or director | 1 | $0 | $6,600 |
| DONALD FOLEY | DIRECTOR Trustee or director | 1 | $0 | $4,700 |
| GERALD MATTHEWS | DIRECTOR Trustee or director | 1 | $0 | $2,025 |
Address and contacts
- Address (IRS master file)
- 395 HUDSON STREET, NEW YORK, NY 10014-3669
- In care of
- % WILLIAM HEALEY
- Principal officer (990 for 2024)
- ANTHONY MADAIO, 395 HUDSON STREET, NEW YORK, NY 10014
- Signed the 990
- ANTHONY MADAIO, DIRECTOR
- Phone
- (212) 685-0567
- Return prepared by
- FITZSIMMONS ABRAMS LLP
Mission
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 EDUCATION FOR OUR MEMBERS' CHILDREN.
Program accomplishments
- SCHOLARSHIPS AWARDED DURING THE COURSE OF THE YEAR TO QUALIFIED RECIPIENTS.Expenses $317,388 · grants $297,000
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 02-0602066
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2003
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B82)
- Assets (IRS master file)
- $1,729,625
- Income (IRS master file)
- $223,977
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $126,112 | $317,388 | $1,729,625 | XML |
| 990 | December 2023 | $140,389 | $297,588 | $1,911,901 | XML |
| 990 | December 2022 | $156,699 | $297,300 | $2,114,074 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 02-0602066).
Questions about CARPENTERS LOCAL UNION 157 SCHOLARSHIP FUND
- What is the EIN of CARPENTERS LOCAL UNION 157 SCHOLARSHIP FUND?
- The employer identification number (EIN) of CARPENTERS LOCAL UNION 157 SCHOLARSHIP FUND is 02-0602066.
- Is CARPENTERS LOCAL UNION 157 SCHOLARSHIP FUND tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2003.
- Are donations to CARPENTERS LOCAL UNION 157 SCHOLARSHIP FUND tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does CARPENTERS LOCAL UNION 157 SCHOLARSHIP FUND file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of CARPENTERS LOCAL UNION 157 SCHOLARSHIP FUND due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did CARPENTERS LOCAL UNION 157 SCHOLARSHIP FUND last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of CARPENTERS LOCAL UNION 157 SCHOLARSHIP FUND?
- The 990 for the year ended December 31, 2024 names ANTHONY MADAIO.
- Who are the officers and directors of CARPENTERS LOCAL UNION 157 SCHOLARSHIP FUND?
- The 990 for the year ended December 31, 2024 lists 5 people; 0 received compensation from the organization.
- How much revenue does CARPENTERS LOCAL UNION 157 SCHOLARSHIP FUND have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $126,112, expenses of $317,388 and total assets of $1,729,625 at year end.
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