Sheet Metal Workers Local Union 28 Scholarship Fund
Overview
Mission
To provide scholarships for qualifying dependents of members of the sheet metal workers' international association local number 28 union.
What it reported doing in 2014
Scholarships are awarded to children and grandchildren of sheet metal workers' international association local union no. 28 members to enable them to afford a higher education.
Operating model
- Revenue model
- Donor-supported. 69% of the money available for current operations came from contributions.
- Distribution model
- Transfer-based 990-EZ. The 990-EZ reports grants or member benefits, but it does not separate enough spending to show the nonprofit’s full delivery mix.
Nonprofit profile at a glance
- EIN
- 237074744
- IRS 990-EZ coverage
- 2010–2014
- Forms available
- Form 990-EZ 2014
- Headquarters
- New York, NY, USA
- Rating
- 41
- Verdict
- MIXED
- Rating confidence
- Limited
- Sector
- Education
The verdict
MIXED - The filed numbers largely add up and revenue has grown recently. A relatively small share of available resources goes toward mission work and assets have declined or grown slowly.
Rating breakdown
- Financial Efficiency: 11
- Transparency & Controls: 100
- Accountability: NotEnoughData
- Sustainability: 58
- Growth: 67
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 18.5%; rating input score 18
- Program expense ratio: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Limited
- Public monitoring controls: Limited
- Public policy transparency: Limited
- Public financial transparency: Limited
- Impact reporting controls: Limited
- Public relationship transparency: Limited
Accountability
- Public governance controls: Limited
- Zakat policy transparency: Limited
Sustainability
- Operating margin: 41.7%; rating input score 93; 93rd percentile among comparable filings
- Operating reserve ratio: 0; rating input score 0; 0th percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 0%; rating input score 66; 66th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: 15.7% per year; rating input score 100; 76th percentile among comparable filings
- Asset growth: -15.8% per year; rating input score 0; 12th percentile among comparable filings
Details
- Where the money goes: 18.5% of revenue deployed
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment
- Leadership: top reported pay $0 · 3 people listed
- Consistency: 7 of 7 current checks pass
- Schedules: 2 filed schedules
- Filing history: 5 annual filings from 2010 to 2014