Local 15 Operating Engineers Scholarship Fund
Nonprofit profile at a glance
- EIN
- 264778236
- IRS 990-EZ coverage
- 2010–2024
- Forms available
- Form 990-EZ 2024, Form 990-N 2009
- Location
- Long Island City, NY, USA
- Phone
- 2129295327
- Rating
- 87
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Scholarships, Student Financial Aid Services, Awards
Reported finances
- Revenue
- $127,944
- Expenses
- $121,656
- Assets
- $61,884
- Liabilities
- $9,840
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
10 people listed
Executive titles in this filing
- ROBERT SHAW JR (PRESIDENT)
- PATRICK CALLAHAN (VICE PRESIDENT EFF 1/20/2025)
- JOHN MCNAMARA (VICE PRESIDENT THRU 1/20/2025)
People named in this filing
- JOHN MCNAMARA (CHAIRMAN EFF 1/20/2025)
- JAMES T CALLAHAN (CHAIRMAN THRU 1/20/2025)
- THOMAS CALLAHAN (DIRECTOR)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The purpose of the organization is to provide scholarships to eligible children of members of the international union of operating engineers local 15, 15a, 15b, 15c, 15d, 15g, 15h, afl-cio.
Operating model
- Revenue model
- Donor-supported. 99% of the money available for current operations came from contributions and gifts.
- Distribution model
- Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.
The verdict
STRONG - The filed numbers largely add up and a large share of available resources goes toward mission work. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 80
- Transparency & Controls: 100
- Sustainability: 43
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 79.2%; rating input score 79
- Program expense ratio: 83%; rating input score 83
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: 4.9%; rating input score 47; 47th percentile among comparable filings
- Total-asset coverage ratio: 0.51; rating input score 38; 38th percentile among comparable filings
- Liabilities to assets ratio: 0.16; rating input score 20; 20th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings
Growth
- Program expense growth: 4.8% per year; rating input score 100; 46th percentile among comparable filings
- Revenue growth: 6.4% per year; rating input score 100; 54th percentile among comparable filings
- Asset growth: 1.4% per year; rating input score 100; 32nd percentile among comparable filings
Details
- Where the money goes: 79.2% of revenue deployed · 83% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $101K in reported program spending
- Leadership: top reported pay $0 · 10 people listed
- Consistency: 9 of 9 current checks pass
- Schedules: 3 filed schedules
- Filing history: 15 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Related organizations: Filed and resolved organization relationships.
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Sustainability: Operating margin scored 47/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 38/100.
- High — Sustainability: Liabilities to assets ratio scored 20/100.