Nonprofit · EIN 45-0536496
LOCAL 580 COLLEGE SCHOLARSHIP FUND
Tax-exempt · NEW YORK, NY 10036
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $793,287 | $436,733 | $356,554 | $4,684,967 | $26,094 | $4,658,873 |
| December 31, 2023 | 990 | $542,859 | $609,866 | -$67,007 | $4,359,962 | $57,643 | $4,302,319 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $537,716
- Investment income
- $210,184
- Other revenue
- $45,387
Expenses
- Grants and similar amounts paid
- $363,834
- Other salaries and wages
- $15,238
- Salaries, compensation and benefits (total)
- $25,193
- Professional fundraising fees
- $0
- Legal fees
- $5,672
- Accounting fees
- $23,724
- Occupancy
- $3,068
- Travel
- $553
- Depreciation
- $36
Balance sheet and other
- Total assets, start of year
- $4,359,962
- Total assets, end of year
- $4,684,967
- Total liabilities, end of year
- $26,094
- Net assets, end of year
- $4,658,873
- Publicly traded securities
- $4,200,235
- Net assets without donor restrictions
- $4,658,873
- Gross receipts
- $793,287
- 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 | Other / benefits |
|---|---|---|---|---|---|
| BRENDAN TORMEY | FUND ADMINISTRATOR Officer | 1 | $0 | $182,337 | $127,842 |
| JOSEPH NOLAN | UNION TRUSTEE Trustee or director | 2 | $0 | $0 | $0 |
| THOMAS MILTON | UNION TRUSTEE Trustee or director | 2 | $0 | $0 | $0 |
| KEVIN MCKEON | UNION TRUSTEE Trustee or director | 2 | $0 | $0 | $0 |
| JOSEPH MAFFEI | UNION TRUSTEE Trustee or director | 2 | $0 | $0 | $0 |
| STEVEN DONOFRIO | UNION TRUSTEE Trustee or director | 2 | $0 | $0 | $0 |
| EARL DUNNE - THRU 1224 | UNION TRUSTEE Trustee or director | 2 | $0 | $0 | $0 |
| PETER CARRIERO | EMPLOYER TRUSTEE Trustee or director | 2 | $0 | $0 | $0 |
| RANDALL MENT | EMPLOYER TRUSTEE Trustee or director | 2 | $0 | $0 | $0 |
| RANDALL RIFELLI | EMPLOYER TRUSTEE Trustee or director | 2 | $0 | $0 | $0 |
| ENRIQUE MARCANO | UNION TRUSTEE - EFF 12/24 Trustee or director | 2 | $0 | $0 | $0 |
990 for the year ended December 31, 2023: 12 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| BRENDAN TORMEY | FUND ADMINISTRATOR Officer | 1 | $0 | $180,112 | $124,306 |
| JOSEPH NOLAN | UNION TRUSTEE Trustee or director | 2 | $0 | $0 | $0 |
| PETER MYERS - THRU 1023 | UNION TRUSTEE Trustee or director | 2 | $0 | $0 | $0 |
| JOHN CUMBERLAND - THRU 223 | UNION TRUSTEE Trustee or director | 2 | $0 | $0 | $0 |
| THOMAS MILTON | UNION TRUSTEE Trustee or director | 2 | $0 | $0 | $0 |
| KEVIN MCKEON | UNION TRUSTEE Trustee or director | 2 | $0 | $0 | $0 |
| JOSEPH MAFFEI | UNION TRUSTEE Trustee or director | 2 | $0 | $0 | $0 |
| STEVEN DONOFRIO - EFF 223 | UNION TRUSTEE Trustee or director | 2 | $0 | $0 | $0 |
| EARL DUNNE - EFF 1023 | UNION TRUSTEE Trustee or director | 2 | $0 | $0 | $0 |
| PETER CARRIERO | EMPLOYER TRUSTEE Trustee or director | 2 | $0 | $0 | $0 |
| RANDALL MENT | EMPLOYER TRUSTEE Trustee or director | 2 | $0 | $0 | $0 |
| RANDALL RIFELLI | EMPLOYER TRUSTEE Trustee or director | 2 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 501 W 42ND ST, NEW YORK, NY 10036-6205
- In care of
- % DENNIS LUSARDI
- Principal officer (990 for 2024)
- BRENDAN TORMEY, 501 WEST 42ND STREET, NEW YORK, NY 10036
- Signed the 990
- JOSEPH NOLAN, UNION TRUSTEE
- Phone
- (212) 695-5206
- Return prepared by
- SCHULTHEIS & PANETTIERI LLP
Mission
TO PROVIDE SCHOLARSHIP BENEFITS TO DEPENDANTS OF ELIGIBLE PARTICIPANTS.
Program accomplishments
- TO PROVIDE SCHOLARSHIP BENEFITS TO DEPENDANTS OF ELIGIBLE PARTICIPANTS.
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
- 45-0536496
- Tax-exempt status
- 501(c)(5): Labor, agricultural or horticultural organization
- Exempt since
- 2005
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $4,684,967
- Income (IRS master file)
- $793,287
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $793,287 | $436,733 | $4,684,967 | IRS |
| 990 | December 2023 | $542,859 | $609,866 | $4,359,962 | XML |
| 990 | December 2022 | $664,407 | $755,268 | $4,244,129 | 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 45-0536496).
Questions about LOCAL 580 COLLEGE SCHOLARSHIP FUND
- What is the EIN of LOCAL 580 COLLEGE SCHOLARSHIP FUND?
- The employer identification number (EIN) of LOCAL 580 COLLEGE SCHOLARSHIP FUND is 45-0536496.
- Is LOCAL 580 COLLEGE SCHOLARSHIP FUND tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(5) since 2005.
- Which annual return does LOCAL 580 COLLEGE 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 LOCAL 580 COLLEGE 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 LOCAL 580 COLLEGE 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 LOCAL 580 COLLEGE SCHOLARSHIP FUND?
- The 990 for the year ended December 31, 2024 names BRENDAN TORMEY.
- Who are the officers and directors of LOCAL 580 COLLEGE SCHOLARSHIP FUND?
- The 990 for the year ended December 31, 2024 lists 11 people; 0 received compensation from the organization.
- How much revenue does LOCAL 580 COLLEGE SCHOLARSHIP FUND have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $793,287, expenses of $436,733 and total assets of $4,684,967 at year end.
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