Ibew Local No 99 Scholarship Educational Fund
Ibew Local No 99 Scholarship Educational Fund consistently operates with a surplus and zero officer compensation, directing resources to scholarships.
EIN: 201023983 · Cranston, RI · NTEE: B82 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $172K |
| Total Expenses | $44K |
| Program Spending | 95% |
| CEO/Top Officer Pay | $171,664 |
| Net Assets | $428K |
| Transparency Score | 92/100 |
Is Ibew Local No 99 Scholarship Educational Fund Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Ibew Local No 99 Scholarship Educational Fund directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Ibew Local No 99 Scholarship Educational Fund
Ibew Local No 99 Scholarship Educational Fund (EIN: 201023983) is a nonprofit organization based in Cranston, RI, classified under NTEE code B82. The organization reported total revenue of $172K and total assets of $471K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Ibew Local No 99 Scholarship Educational Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Ibew Local No 99 Scholarship Educational Fund is a small nonprofit that has been operating for 12 years, with 10 years of IRS 990 filings on record (2015–2024). Revenue has grown at a compound annual rate of 28.1%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $156K |
| Total Expenses | $44K |
| Surplus / Deficit | +$112K |
| Total Assets | $428K |
| Net Assets | $428K |
| Operating Margin | 71.6% |
| Months of Reserves | 115.8 months |
Financial Health Grade: A
In 2024, Ibew Local No 99 Scholarship Educational Fund reported a surplus of $112K with revenue exceeding expenses, holds 115.8 months of operating reserves (strong position).
Financial Trends
Over 10 years of filings (2015–2024), Ibew Local No 99 Scholarship Educational Fund's revenue has grown at a compound annual growth rate (CAGR) of 28.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +59.6% | -76.2% | +35.4% |
| 2023 | +15.2% | +162.4% | -21.9% |
| 2022 | +6.6% | -35.3% | +3.6% |
| 2021 | -21.0% | -0.3% | -7.2% |
| 2020 | -5.3% | +139.5% | -2.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 7000 |
| IRS Ruling Date | 2014 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Ibew Local No 99 Scholarship Educational Fund with a Mission Score of 92 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 5%
- programs: 95%
- fundraising: 0%
According to IRS 990 filings, Ibew Local No 99 Scholarship Educational Fund allocates its expenses as follows: admin: 5%, programs: 95%, fundraising: 0%. With 95% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $112K, with revenue exceeding expenses.
Executive Compensation Analysis
The organization reports 0% officer compensation across all ten filing periods, indicating that no funds are used for executive salaries, which is highly commendable for a nonprofit of its size ($171,664 latest revenue, $471,140 assets).
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Strengths
The following positive indicators were identified for Ibew Local No 99 Scholarship Educational Fund:
- Zero officer compensation across all reported periods, ensuring funds are directed to programs.
- Consistent growth in assets, from $229,001 in 201506 to $428,151 in 202406, indicating financial health.
- Zero liabilities reported in all filings, demonstrating strong financial management.
- Significant revenue growth, from $16,800 in 201506 to $156,395 in 202406, enhancing program capacity.
- Generally operates with a surplus, such as $112,022 in 202406 (Revenue $156,395 - Expenses $44,373), allowing for reinvestment in its mission.
Frequently Asked Questions about Ibew Local No 99 Scholarship Educational Fund
Is Ibew Local No 99 Scholarship Educational Fund a legitimate charity?
Based on AI analysis of IRS 990 filings, Ibew Local No 99 Scholarship Educational Fund (EIN: 201023983) appears legitimate. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
How does Ibew Local No 99 Scholarship Educational Fund spend its money?
Ibew Local No 99 Scholarship Educational Fund directs 95% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Ibew Local No 99 Scholarship Educational Fund tax-deductible?
Ibew Local No 99 Scholarship Educational Fund is registered as a tax-exempt nonprofit (EIN: 201023983). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Ibew Local No 99 Scholarship Educational Fund CEO make?
Ibew Local No 99 Scholarship Educational Fund's highest-compensated officer earns $171,664 annually. The organization reported $172K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Ibew Local No 99 Scholarship Educational Fund compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Ibew Local No 99 Scholarship Educational Fund is above average for NTEE category B82 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Ibew Local No 99 Scholarship Educational Fund located?
Ibew Local No 99 Scholarship Educational Fund is headquartered in Cranston, Rhode Island and files with the IRS under EIN 201023983. It is classified under NTEE code B82.
How many years of IRS 990 filings does Ibew Local No 99 Scholarship Educational Fund have?
Ibew Local No 99 Scholarship Educational Fund has 10 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $172K in total revenue.
Is Ibew Local No 99 Scholarship Educational Fund a good charity?
Based on the provided data, yes. The organization consistently reports zero officer compensation, zero liabilities, and has shown significant growth in assets and revenue, indicating strong financial health and a direct focus on its mission.
How has the organization's revenue changed over time?
Revenue has grown substantially, from $16,800 in 201506 to $156,395 in 202406, demonstrating increased capacity to fund its programs.
What is the organization's financial stability?
The organization appears very stable, consistently holding zero liabilities and growing its assets from $229,001 in 201506 to $428,151 in 202406, while generally operating with a surplus.
Filing History
IRS 990 filing history for Ibew Local No 99 Scholarship Educational Fund showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2015–2024), Ibew Local No 99 Scholarship Educational Fund's revenue has grown by 830.9%, moving from $17K to $156K. Total assets increased by 87% over the same period, from $229K to $428K. Total functional expenses rose by 277.7%, from $12K to $44K. In its most recent filing year (2024), Ibew Local No 99 Scholarship Educational Fund reported a surplus of $112K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $156K | $44K | $428K | $0 | — | — |
| 2023 | $98K | $187K | $316K | $0 | — | — |
| 2022 | $85K | $71K | $405K | $0 | — | View 990 |
| 2021 | $80K | $110K | $391K | $0 | — | — |
| 2020 | $101K | $110K | $421K | $0 | — | View 990 |
| 2019 | $107K | $46K | $430K | $0 | — | View 990 |
| 2018 | $82K | $24K | $370K | $0 | — | — |
| 2017 | $91K | $25K | $312K | $0 | — | View 990 |
| 2016 | $21K | $4K | $246K | $0 | — | View 990 |
| 2015 | $17K | $12K | $229K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $156K, expenses of $44K, and assets of $428K (revenue +59.6% year-over-year).
- 2023: Revenue of $98K, expenses of $187K, and assets of $316K (revenue +15.2% year-over-year).
- 2022: Revenue of $85K, expenses of $71K, and assets of $405K (revenue +6.6% year-over-year).
- 2021: Revenue of $80K, expenses of $110K, and assets of $391K (revenue -21.0% year-over-year).
- 2020: Revenue of $101K, expenses of $110K, and assets of $421K (revenue -5.3% year-over-year).
- 2019: Revenue of $107K, expenses of $46K, and assets of $430K (revenue +30.4% year-over-year).
- 2018: Revenue of $82K, expenses of $24K, and assets of $370K (revenue -10.1% year-over-year).
- 2017: Revenue of $91K, expenses of $25K, and assets of $312K (revenue +329.7% year-over-year).
- 2016: Revenue of $21K, expenses of $4K, and assets of $246K (revenue +26.1% year-over-year).
- 2015: Revenue of $17K, expenses of $12K, and assets of $229K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Ibew Local No 99 Scholarship Educational Fund:
Data Sources and Methodology
This transparency report for Ibew Local No 99 Scholarship Educational Fund is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.