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Electrical Industry Scholarship Fund Inc. is a private corporation based in FLUSHING, NY. The foundation received its IRS ruling in 2008. The principal officer is Humberto Restrepo. It holds total assets of $659K. Annual income is reported at $607K. Total assets have grown from $338K in 2012 to $638K in 2022. The foundation is governed by 6 officers and trustees. The Fund was created to administer scholarship programs funded by donations for the children of members of Local Union No. 3. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2020 to 2023. Grantmaking is concentrated in New York. According to available records, Electrical Industry Scholarship Fund Inc. has made 120 grants totaling $970K, with a median grant of $8K. Annual giving has grown from $147K in 2020 to $197K in 2023. Grantmaking activity was highest in 2022 with $344K distributed across 40 grants. Individual grants have ranged from $5K to $15K, with an average award of $8K. The foundation has supported 39 unique organizations. Grant recipients are concentrated in New York. Contributions to this foundation are tax-deductible.
Smallest Grant
$8K
Median Grant
$8K
Average Grant
$8K
Largest Grant
$11K
Based on 18 grants from the most recent 990-PF filing.
The Fund was created to administer scholarship programs funded by donations for the children of members of Local Union no 3
Expenses: $147K
The Fund was created to administer scholarship programs funded by donations for the children of members of Local Union No. 3. Based on available records, the foundation has funded 120 grants. Its grantmaking reaches organizations primarily in NY.
Electrical Industry Scholarship Fund Inc. has distributed a total of $970K across 120 grants. The median grant size is $8K, with an average of $8K. Individual grants have ranged from $5K to $15K.
Electrical Industry Scholarship Fund Inc. typically selects its grantees rather than accepting unsolicited proposals.
Electrical Industry Scholarship Fund Inc. is headquartered in FLUSHING, NY.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Michael Yee | EXECUTIVE SECRETARY | $0 | $0 | N/A |
| Dr Gerald Finkel | TRUSTEE | $0 | $0 | N/A |
| Christopher Erikson | TRUSTEE | $0 | $0 | N/A |
| Kristine Denapoli | TRUSTEE | $0 | $0 | N/A |
| Thomas Cleary | TRUSTEE | $0 | $0 | N/A |
| Paul Kleinberg | TRUSTEE | $0 | $0 | N/A |
Total Giving
$242K
Total Assets
$638K
Fair Market Value
$638K
Net Worth
$615K
Grants Paid
$197K
Contributions
$226K
Net Investment Income
$25K
Distribution Amount
N/A
Total: $608K
Total Grants
120
Total Giving
$970K
Average Grant
$8K
Median Grant
$8K
Unique Recipients
39
Most Common Grant
$8K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| ScholarshipSCHOLARSHIP | Flushing, NY | $15K | 2023 |