Resilient Floor Coverers Local Union No 2287 Scholarship Fund
Nonprofit profile at a glance
- EIN
- 582673976
- IRS 990-EZ coverage
- 2010–2024
- Forms available
- Form 990-EZ 2024
- Location
- Staten Island, NY, USA
- Phone
- 2129292940
- Rating
- 69
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Scholarships, Student Financial Aid Services, Awards
Reported finances
- Revenue
- $26,624
- Expenses
- $11,854
- Assets
- $227,257
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
4 people listed
Executive titles in this filing
- Sean Cangley (Vice President)
- Jamie Albert (President)
People named in this filing
- Sean Cangley (Vice President)
- Jonathan Franke (Recording Secre)
- Jamie Albert (President)
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
A Scholarship fund has been formed to raise funds from members to provide scholarships for children of members for college or post secondary schools
What it reported doing in 2024
A scholarship fund has been formed to raise funds from members to provide scholarships to members children for college or post secondary schools
Operating model
- Revenue model
- Cannot be determined from the filing. The filing does not provide enough consistent revenue detail to tell how this nonprofit funds its work.
- Distribution model
- Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.
The verdict
SUPPORTED - The filed numbers largely add up and program spending has grown recently. A relatively small share of available resources goes toward mission work and reported officer compensation is a large share of total spending, which may reflect staffing concentration.
Rating breakdown
- Financial Efficiency: 55
- Transparency & Controls: 82
- Sustainability: 78
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 37.6%; rating input score 38
- Program expense ratio: 84.4%; rating input score 84
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: 55.5%; rating input score 92; 92nd percentile among comparable filings
- Total-asset coverage ratio: 19.17; rating input score 96; 96th percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: 2.3% per year; rating input score 100; 55th percentile among comparable filings
- Revenue growth: 2.4% per year; rating input score 100; 62nd percentile among comparable filings
- Asset growth: 13.3% per year; rating input score 100; 78th percentile among comparable filings
Details
- Where the money goes: 37.6% of revenue deployed · 84.4% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $10K in reported program spending
- Leadership: top reported pay $0 · 4 people listed
- Consistency: 7 of 7 current checks pass
- Schedules: 3 filed schedules
- Filing history: 14 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 — Financial Efficiency: Mission deployment rate scored 38/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.