Nonprofit · EIN 23-7861099
SCHOLARSHIP FUND OF THE IBEW LOCAL UNION 98
Tax-exempt · PHILADELPHIA, PA 19130
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-EZ | -$1,467 | $65,621 | -$67,088 | $98,193 | $0 | $98,193 |
| December 31, 2023 | 990-EZ | $17,790 | $53,138 | -$35,348 | $165,281 | $0 | $165,281 |
Financial details: 990-EZ for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $29,405
- Net income from fundraising events
- -$31,772
- Other revenue
- $900
Expenses
- Grants and similar amounts paid
- $33,000
- Compensation of officers, directors and key employees
- $0
- Professional fees and payments to contractors
- $13,625
- Printing, publications and postage
- $14,485
- Other expenses
- $4,511
Balance sheet and other
- Total assets, start of year
- $165,281
- Total assets, end of year
- $98,193
- Total liabilities, end of year
- $0
- Net assets, end of year
- $98,193
- Cash, savings and investments
- $96,716
- Gross receipts
- $48,430
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-EZ for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JAMES FOY | UNION TRUSTEE | 1 | $0 |
| MARK LYNCH | UNION TRUSTEE | 1 | $0 |
| JEFF SCARPELLO | MANAGEMENT TRUSTEE | 1 | $0 |
| BERNIE SCHAEFFER | MANAGEMENT TRUSTEE | 1 | $0 |
990-EZ for the year ended December 31, 2023: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MARK LYNCH | UNION TRUSTEE | 1 | $0 |
| JAMES FOY | UNION TRUSTEE | 1 | $0 |
| BRIAN BURROWS | UNION TRUSTEE (P) | 1 | $0 |
| JEFF SCARPELLO | MANAGEMENT TRUSTEE | 1 | $0 |
| BERNIE SCHAEFFER | MANAGEMENT TRUSTEE | 1 | $0 |
| TOM MOORE | MANAGEMENT TRUSTEE (P) | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 1719 SPRING GARDEN ST, PHILADELPHIA, PA 19130-3915
- In care of
- % JOHN J DOUGHERTY
- Signed the 990-EZ
- JAMES FOY, TRUSTEE
- Phone
- (215) 563-2274
- Return prepared by
- NOVAK FRANCELLA LLC
Mission
TO PROVIDE SCHOLARSHIPS FOR DEPENDENT CHILDREN OF LOCAL UNION MEMBERS.
Program accomplishments
- THE SCHOLARSHIP FUND WAS ABLE TO PROVIDE 15 DEPENDENT CHILDREN OF LOCAL 98 UNION MEMBERS WITH SCHOLARSHIPS FOR CONTINUING EDUCATION.
What it must file and when
IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. 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-EZ on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 23-7861099
- Tax-exempt status
- 501(c)(9): Voluntary employees' beneficiary association
- Donations deductible
- No
- Exempt since
- 1998
- Accounting year ends
- December
- Files
- Form 990-N (e-Postcard)
- Assets (IRS master file)
- $98,193
- Income (IRS master file)
- $48,430
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | December 2024 | -$1,467 | $65,621 | $98,193 | XML |
| 990-EZ | December 2023 | $17,790 | $53,138 | $165,281 | XML |
| 990-EZ | December 2022 | – | – | – | IRS |
| 990-EZ | December 2021 | – | – | – | IRS |
| 990-EZ | December 2020 | – | – | – | IRS |
| 990-EZ | December 2019 | – | – | – | IRS |
| 990-EZ | 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 23-7861099).
Questions about SCHOLARSHIP FUND OF THE IBEW LOCAL UNION 98
- What is the EIN of SCHOLARSHIP FUND OF THE IBEW LOCAL UNION 98?
- The employer identification number (EIN) of SCHOLARSHIP FUND OF THE IBEW LOCAL UNION 98 is 23-7861099.
- Is SCHOLARSHIP FUND OF THE IBEW LOCAL UNION 98 tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(9) since 1998.
- Are donations to SCHOLARSHIP FUND OF THE IBEW LOCAL UNION 98 tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does SCHOLARSHIP FUND OF THE IBEW LOCAL UNION 98 file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of SCHOLARSHIP FUND OF THE IBEW LOCAL UNION 98 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 SCHOLARSHIP FUND OF THE IBEW LOCAL UNION 98 last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended December 2024.
- Who are the officers and directors of SCHOLARSHIP FUND OF THE IBEW LOCAL UNION 98?
- The 990-EZ for the year ended December 31, 2024 lists 4 people; 0 received compensation from the organization.
- How much revenue does SCHOLARSHIP FUND OF THE IBEW LOCAL UNION 98 have?
- On its 990-EZ for the year ended December 31, 2024 it reported revenue of -$1,467, expenses of $65,621 and total assets of $98,193 at year end.
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