Civic Intelligence

Local Union 1556 Scholarship Fund

EIN 46-0743713 • 501(c)3 • New York, NY

Profile

To provide educational scholarships and grants.

395 Hudson Street 1st FloorNew York, NY 10014

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

97th percentile

0.74x

Higher debt load relative to assets than 97% of similar nonprofits.

NTEE B82 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on the latest valid filing.

Source year 2024

Net Margin

99th percentile

128%

Higher net margin than 99% of similar nonprofits.

NTEE B82 • <$500k nonprofits • Source year 2024

Top Officer Pay

95th percentile

$0

Higher top officer pay than 95% of similar nonprofits.

NTEE B82 • <$500k nonprofits • Source year 2024

Asset Growth

53rd percentile

2.2%

Faster asset growth than 53% of similar nonprofits.

NTEE B82 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets97th percentile

Assets

Up

$291,390

Up $6,381 (+2.2%) from 2023

Liabilities

Up

$216,875

Up $49,986 (+30%) from 2023

Net Assets

Down

$74,515

Down $43,605 (-37%) from 2023

Operations
Liabilities / RevenueScore unavailableNet Margin99th percentile

Revenue

Down

-$34,030

Down $79,239 (-175%) from 2023

Expenses

Down

$9,575

Down $10,693 (-53%) from 2023

Net Income

Down

-$43,605

Down $68,546 (-275%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth53rd percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$300K$200K$100K$0Assets 2019: $169,954Liabilities 2019: $02019Assets 2020: $45,569Liabilities 2020: $7,3412020Assets 2021: $86,995Liabilities 2021: $34,778Net Assets 2021: $52,2172021Assets 2022: $207,614Liabilities 2022: $155,908Net Assets 2022: $51,7062022Assets 2023: $285,009Liabilities 2023: $166,889Net Assets 2023: $118,1202023Assets 2024: $291,390Liabilities 2024: $216,875Net Assets 2024: $74,5152024

Highlighted filing

2024

Assets$291,390
Liabilities$216,875
Net Assets$74,515
Open 2024 Filing

Operations Trend

Revenue GrowthScore unavailable

Revenue, expenses, and net income by year, with the latest filing highlighted.

$100K$50K$0-$50KRevenue 2019: $63,593Expenses 2019: $78,520Net Income 2019: -$14,9272019Revenue 2020: $41,405Expenses 2020: $60,253Net Income 2020: -$18,8482020Revenue 2021: $96,850Expenses 2021: $85,636Net Income 2021: $11,2142021Revenue 2022: $61,246Expenses 2022: $61,757Net Income 2022: -$5112022Revenue 2023: $45,209Expenses 2023: $20,268Net Income 2023: $24,9412023Revenue 2024: -$34,030Expenses 2024: $9,575Net Income 2024: -$43,6052024

Highlighted filing

2024

Revenue-$34,030
Expenses$9,575
Net Income-$43,605
Open 2024 Filing

Filings

Most recent year

2024 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$291,390
Liabilities
$216,875
Net assets
$74,515
Revenue
-$34,030
Expenses
$9,575
Net income
-$43,605
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.91$2.17$0.75$0.34$0.10$0.44
2023Detailed filing. Detailed filing data is available for this year.$2.85$1.67$1.18$0.45$0.20$0.25
2022Detailed filing. Detailed filing data is available for this year.$2.08$1.56$0.52$0.61$0.62$0.01
2021Detailed filing. Detailed filing data is available for this year.$0.87$0.35$0.52$0.97$0.86$0.11
2020Summary only. Only limited summary data is available for this year.$0.46$0.07$0.41$0.60$0.19
2019Summary only. Only limited summary data is available for this year.$1.70$0.00$0.64$0.79$0.15
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Apr 7, 2025
Return Version
2023v6.0
Gross Receipts
$35,070
Mission and Program Overview

Mission

To provide educational scholarships and grants.

Program Services

DescriptionGrantsExpenses
TO PROVIDE EDUCATIONAL SCHOLARSHIPS AND GRANTS TO THE CHILD OR CHILDREN OF MEMBERS OF THE INTERNATIONAL BROTHERHOOD OF CARPENTERS AND JOINERS OF AMERICA LOCAL UNION NO. 1556.$0$0
Compensation and Service Providers
Top Officer Pay95th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
BRIAN MCLAUGLINTrustee-$0--
CARL ZANCHELLITrustee-$0--
THOMAS KINGTrustee (P)-$0--
ADAM HARKINTrustee-$0--
JOHN PARZYCHTrustee (P)-$0--
PETER HERMANSENTrustee (P)-$0--
ROBERT JOULETrustee (P)-$0--
CHRISTOPHER SORENSENTrustee-$0--
REY CANDELARIOTrustee-$0--
WAYNE CLARKTrustee-$0--
VICTOR SAUMETrustee-$0--
Fundraising, Events, and Gaming

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Golf Outing$35,070$35,070$21,365$13,705
Total Events$35,070$35,070$69,100$-34,030
Filing and Contact Details

Filer

Filer Name
Local Union 1556 Scholarship Fund
EIN
46-0743713
Phone
2122421320
Address
395 HUDSON STREET 1ST FLOOR, NEW YORK, NY 10014

Signing Officer

Name
Carl Zanchelli
Title
Trustee
Phone
2122421320
Signed
2025-04-07
Discuss with paid preparer
Yes

Preparer

Firm
Novak Francella LLC
Address
40 MONUMENT RD 5TH FLR, 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 expense. Amount: 892.”

Form 990-ez, Part II, Line 26 - Other Liabilities

“Description: due to a related party. Beg. Of year amount: 155,979. End of year amount: 205,965. Description: due to local 1556. Beg. Of year amount: 10,910. End of year amount: 10,910.”

Raw XML Appendix206 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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DESCRIPTION: SCHOLARSHIP EXPENSE. AMOUNT: 892.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DESCRIPTION: DUE TO A RELATED PARTY. BEG. OF YEAR AMOUNT: 155,979. END OF YEAR AMOUNT: 205,965. DESCRIPTION: DUE TO LOCAL 1556. BEG. OF YEAR AMOUNT: 10,910. END OF YEAR AMOUNT: 10,910.
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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/BuildTS02025-03-06 01:10:19Z
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ReturnHeader/BusinessOfficerGrp/SignatureDt02025-04-07
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ReturnHeader/PreparerPersonGrp/PreparationDt02025-04-07
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ReturnHeader/ReturnTs02025-04-07T13:16:33-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02023-07-01
ReturnHeader/TaxPeriodEndDt02024-06-30
ReturnHeader/TaxYr02023

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