Civic Intelligence

Asbestos Workers Local 14 Scholarship Fund

990EZ • Fiscal year 2016 • EIN 31-1729117

Jul 01, 2015 to Jun 30, 2016 • Filed on Mar 24, 2017

2014 Hornig RoadPhiladelphia, PA 19116

(215) 533-0395

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

56th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Liabilities / Revenue

55th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Net Margin

98th percentile

90%

Higher net margin than 98% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Top Officer Pay

75th percentile

$0

Higher top officer pay than 75% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Asset Growth

98th percentile

497%

Faster asset growth than 98% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Annualized from 2015 to 2016

Revenue Growth

76th percentile

25%

Faster revenue growth than 76% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Annualized from 2015 to 2016

Assets

Up

$37,370

Up $30,992 (+486%) from 2014

Net Assets

Up

$37,370

Up $30,992 (+486%) from 2014

Liabilities

Flat

$0

Flat from 2014

Revenue

Up

$34,516

Up $5,925 (+21%) from 2014

Expenses

Down

$3,401

Down $22,262 (-87%) from 2014

Net Income

Up

$31,115

Up $28,187 (+963%) from 2014

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$150K$100K$50K$0-$50KAssets 2011: $5,326Liabilities 2011: $0Net Assets 2011: $5,3262011Assets 2012: $3,347Liabilities 2012: $0Net Assets 2012: $3,3472012Assets 2013: $3,450Liabilities 2013: $0Net Assets 2013: $3,4502013Assets 2014: $6,378Liabilities 2014: $0Net Assets 2014: $6,3782014Assets 2016: $37,370Liabilities 2016: $0Net Assets 2016: $37,3702016Assets 2018: $10,310Liabilities 2018: $0Net Assets 2018: $10,3102018Assets 2019: $53,376Liabilities 2019: $34,627Net Assets 2019: $18,7492019Assets 2020: $80,564Liabilities 2020: $83,309Net Assets 2020: -$2,7452020Assets 2021: $116,727Liabilities 2021: $31,809Net Assets 2021: $84,9182021Assets 2022: $114,025Liabilities 2022: $0Net Assets 2022: $114,0252022

Highlighted filing

2016

Assets$37,370
Liabilities$0
Net Assets$37,370

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$300K$200K$100K$0-$100KRevenue 2011: $24,276Expenses 2011: $21,535Net Income 2011: $2,7412011Revenue 2012: $23,521Expenses 2012: $25,500Net Income 2012: -$1,9792012Revenue 2013: $25,603Expenses 2013: $25,500Net Income 2013: $1032013Revenue 2014: $28,591Expenses 2014: $25,663Net Income 2014: $2,9282014Revenue 2016: $34,516Expenses 2016: $3,401Net Income 2016: $31,1152016Revenue 2018: $56,090Expenses 2018: $64,500Net Income 2018: -$8,4102018Revenue 2019: $186,181Expenses 2019: $211,272Net Income 2019: -$25,0912019Revenue 2020: $175,738Expenses 2020: $197,232Net Income 2020: -$21,4942020Revenue 2021: $136,616Expenses 2021: $48,990Net Income 2021: $87,6262021Revenue 2022: $210,383Expenses 2022: $228,485Net Income 2022: -$18,1022022

Highlighted filing

2016

Revenue$34,516
Expenses$3,401
Net Income$31,115
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Mar 24, 2017
Return Version
2015v3.0
Gross Receipts
$34,516
Mission and Program Overview

Mission

NONE

The exempt purpose of asbestos workers local 14 scholarship fund is to provide financial assisitance, through the awarding of scholarships, to members and members' dependent children of asbestos workers local no. 14 whose members are primarily employed in the asbestos removal industry.

Program Services

DescriptionGrantsExpenses
TO PROVIDE FINANCIAL ASSISTANCE TO MEMBERS OF ASBESTOS WORKERS LOCAL NO. 14 WHO ARE EMPLOYED BY PARTICIPATING EMPLOYERS AND TO THE MEMBERS' DEPENDENT CHILDREN WHO HAVE DEMONSTRATED SCHOLASTIC ABILITY, GOOD CHARACHTER, AND QUALITIES OF LEADERSHIP WHO MIGHT NOT OTHERWISE BE ABLE TO AFFORD A COLLEGE EDUCATION.$0$0
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
MICHAEL BURNSAdministrator-$0--
STEPHEN PETTITLabor Trustee/Co-Chair-$0--
JERRY MCCAFFREYEmployer Trustee/Co-Chair-$0--
ROBERT CELLUCCILabor Trustee-$0--
DAMIEN LAVELLEEmployer Trustee (P)-$0--
RONALD RICKERTLabor Trustee-$0--
MICHAEL FORMICAEmployer Trustee-$0--
STEPHEN CASTELLARINEmployer Trustee-$0--
Filing and Contact Details

Filer

Filer Name
Asbestos Workers Local 14 Scholarship
EIN
31-1729117
Phone
2155330395
Address
2014 HORNIG ROAD, PHILADELPHIA, PA 19116

Signing Officer

Name
Stephen Pettit
Title
Labor Trustee
Phone
2155330395
Signed
2017-03-24
Discuss with paid preparer
Yes

Preparer

Firm
Novak Francella LLC
Address
ONE PRESIDENTIAL BLVD SUITE 330, BALA CYNWYD, PA 19004
Preparer
Louis Verzella CPA
Phone
6106689400
Supplemental Narrative

Additional Explanations

Form 990-EZ, Part I, Line 16 - Other Expenses

Description: SCHOLARSHIP SELECTION SERVICES. Amount: 500. Description: SHARED EXPENSE REIMBURSEMENT. Amount: 2,901. Total to Form 990-EZ, line 16: 3,401.

Form 990-EZ, Part II, Line 24 - Other Assets

Description: ACCOUNTS RECEIVABLE. Beg. of Year Amount: 2,838. End of Year Amount: 5,963.

Raw XML Appendix174 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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TransferPrsnlBnftContractsDecl/DeclarationDesc0The organization did not, during the year, receive any funds, directly,or indirectly, to pay premiums on a personal benefit contract.The organization, did not, during the year, pay any premiums, directly,or indirectly, on a personal benefit contract.
ReturnHeader/BuildTS02017-02-10 21:41:12Z
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ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Louis Verzella CPA
ReturnHeader/ReturnTs02017-03-24T09:37:41-05:00
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ReturnHeader/TaxPeriodEndDt02016-06-30
ReturnHeader/TaxYr02015

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Filings

Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2016 filings • 501(c)3 • <$500k nonprofits