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Nonprofit · EIN 11-2602554

LOCAL 817 I B T SCHOLARSHIP TRAINING FUND

Tax-exempt · GREAT NECK, NY 11021

Financials

$4.2M$3.5M2023$8.1M$3.6M2024
Revenue Expenses · by fiscal year end
Financials of LOCAL 817 I B T SCHOLARSHIP TRAINING FUND by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$8,133,743$3,600,741$4,533,002$63,396,971$59,108$63,337,863
December 31, 2023990$4,161,097$3,508,534$652,563$50,000,709$89,125$49,911,584
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$5,939,116
Investment income
$2,185,854
Net gain from sales of assets
$2,014,205
Other revenue
$8,773

Expenses

Grants and similar amounts paid
$3,100,833
Compensation of officers, directors and key employees
$21,867
Other salaries and wages
$18,619
Salaries, compensation and benefits (total)
$296,206
Professional fundraising fees
$0
Legal fees
$7,267
Accounting fees
$14,150
Occupancy
$18,038
Travel
$196
Depreciation
$1,912

Balance sheet and other

Total assets, start of year
$50,000,709
Total assets, end of year
$63,396,971
Total liabilities, end of year
$59,108
Net assets, end of year
$63,337,863
Land, buildings and equipment
$15,780
Publicly traded securities
$60,579,590
Gross receipts
$16,736,495
Employees
97
Volunteers
0
Year formed
1965
State of legal domicile
NY

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensationFrom related orgsOther / benefits
THOMAS J O'DONNELLTRUSTEE
Trustee or director
1$0$322,990$133,413
FRANCIS J CONNOLLY JRTRUSTEE
Trustee or director
1$0$298,158$117,572
KATHLEEN KREINBIHLFUND ADMINISTRATOR
Key employee
2$21,867$256,339$91,808
BRIAN SALOMONETRUSTEE
Trustee or director
1$0$240,196$94,343
CHRISTOPHER O'DONNELLASSOCIATE FUND ADMINISTRAT
Highest-paid employee
1$0$145,151$47,900
ALLAN KRAHIEHTRUSTEE
Trustee or director
1$0$0$0
GREGG CARLESIMOTRUSTEE
Trustee or director
1$0$0$0
990 for the year ended December 31, 2023: 7 people
NameTitleHours / weekCompensationFrom related orgsOther / benefits
THOMAS J O'DONNELLTRUSTEE
Trustee or director
1$0$312,325$121,759
FRANCIS J CONNOLLY JRTRUSTEE
Trustee or director
1$0$288,073$112,370
KATHLEEN KREINBIHLFUND ADMINISTRATOR
Key employee
2$24,120$245,983$89,134
BRIAN SALOMONETRUSTEE
Trustee or director
1$0$231,637$90,867
CHRISTOPHER O'DONNELLASSOCIATE FUND ADMINISTRAT
Highest-paid employee
1$4,030$136,893$46,505
ALLAN KRAHIEHTRUSTEE
Trustee or director
1$0$0$0
GREGG CARLESIMOTRUSTEE
Trustee or director
1$0$0$0

Address and contacts

Address (IRS master file)
817 OLD CUTTERMILL RD, GREAT NECK, NY 11021-2924
In care of
% ANTHONY J DAPOLITI
Principal officer (990 for 2024)
THOMAS J O'DONNELL, 817 OLD CUTTERMILL ROAD, GREAT NECK, NY 11021
Signed the 990
THOMAS J O'DONNELL, TRUSTEE
Phone
(516) 365-3470
Return prepared by
MSPC CPAS & ADVISORS PC

Mission

TO PROVIDE SCHOLARSHIP BENEFITS TO ELIGIBLE DEPENDENTS AND MEMBERS OF INTERNATIONAL BROTHERHOOD OF TEAMSTERS LOCAL 817.

990 for the year ended December 31, 2024

Program accomplishments

  • THE SCHOLARSHIP FUND PROVIDES SCHOLARSHIP BENEFITS TO ELIGIBLE MEMBERS AND THEIR DEPENDENTS. THERE WERE 539 PARTICIPANTS AT DECEMBER 31, 2024. TOTAL SCHOLARSHIP PAYMENTS FOR 2024 WERE $3,100,833.

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
11-2602554
Tax-exempt status
501(c)(9): Voluntary employees' beneficiary association
Donations deductible
No
Exempt since
1980
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$63,396,971
Income (IRS master file)
$16,736,495

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$8,133,743$3,600,741$63,396,971IRS
990December 2023$4,161,097$3,508,534$50,000,709XML
990December 2022$8,981,637$3,327,747$43,972,084IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––IRS
990December 2017–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 11-2602554).

Questions about LOCAL 817 I B T SCHOLARSHIP TRAINING FUND

What is the EIN of LOCAL 817 I B T SCHOLARSHIP TRAINING FUND?
The employer identification number (EIN) of LOCAL 817 I B T SCHOLARSHIP TRAINING FUND is 11-2602554.
Is LOCAL 817 I B T SCHOLARSHIP TRAINING FUND tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(9) since 1980.
Are donations to LOCAL 817 I B T SCHOLARSHIP TRAINING FUND tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does LOCAL 817 I B T SCHOLARSHIP TRAINING FUND file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of LOCAL 817 I B T SCHOLARSHIP TRAINING FUND due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did LOCAL 817 I B T SCHOLARSHIP TRAINING FUND last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of LOCAL 817 I B T SCHOLARSHIP TRAINING FUND?
The 990 for the year ended December 31, 2024 names THOMAS J O'DONNELL.
Who are the officers and directors of LOCAL 817 I B T SCHOLARSHIP TRAINING FUND?
The 990 for the year ended December 31, 2024 lists 7 people; 1 received compensation from the organization.
How much revenue does LOCAL 817 I B T SCHOLARSHIP TRAINING FUND have?
On its 990 for the year ended December 31, 2024 it reported revenue of $8,133,743, expenses of $3,600,741 and total assets of $63,396,971 at year end.

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