ASBESTOS WORKERS LOCAL 14 SCHOLARSHIP AND EDUCATION FUND

EIN: 311729117 501(c)(3) Employment

PHILADELPHIA, PA

Total Revenue
$234,364
Total Expenses
$196,269
Total Assets
$182,688
Net Assets
$182,688
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2000
Legal Domicile
PA
Principal Officer
ROBERT J CELLUCCI
Phone
2155330395
Tax Period
2023-07-01 to 2024-06-30

ASBESTOS WORKERS LOCAL 14 SCHOLARSHIP AND EDUCATION FUND, founded in 2000, is a small nonprofit in the Employment sector that reported $234K in total revenue in fiscal year 2023. Revenue fell 21% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $38K, a strong 16% operating margin.

Mission

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.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $184,664
Program Service Revenue $72,715
Investment Income $0
Other Revenue $-23,015
TOTAL REVENUE $234,364

Expense Breakdown

Grants Paid $192,000
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $192,000
Other Expenses $4,269
TOTAL EXPENSES $196,269

Year-over-Year Comparison

2023 2022 Change
Revenue $234,364 $294,911 -0.2%
Expenses $196,269 $222,579 -0.1%
Net Income $38,095 $72,332 -0.5%
Key Indicators
✓ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

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Liquidity & Cash Position

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Governance

Voting Members
6
Independent Members
6
Employees
N/A
Volunteers
N/A

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
1
$0
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
STEPHEN PETTIT LABOR TRUSTEE 2.00
Director
$0 $0 $0
JERRY LICHTERMAN EMPLOYER TRUSTEE/CO-CHAIR 2.00
Director
$0 $0 $0
ROBERT CELLUCCI LABOR TRUSTEE/CO-CHAIR 2.00
Director
$0 $0 $0
ARTHUR SWEENEY EMPLOYER TRUSTEE 2.00
Director
$0 $0 $0
RONALD RICKERT LABOR TRUSTEE 2.00
Director
$0 $0 $0
MICHAEL FORMICA EMPLOYER TRUSTEE 2.00
Director
$0 $0 $0
MICHAEL BURNS ADMINISTRATOR 2.00
Officer
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 No data No data No data No data
2024 $234,364 $196,269 $182,688 $38,095
2023 $294,911 $222,579 $144,593 $72,332
2022 $210,383 $228,485 $114,025 $-18,102
2021 $136,616 $48,990 $116,727 $87,626
2020 $175,738 $197,232 $80,564 $-21,494
2019 $186,181 $211,272 $53,376 $-25,091
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