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

NONE

Program Service Accomplishments

Program 1
Expenses: $28,000 Revenue: $46,767

TO PROVIDE FINANCIAL ASSISTANCE TO MEMBERS OF ASBESTOS WORKERS LOCAL NO. 14 WHO ARE EMPLOYED BY PARTICIPATING EMPLOYERS AND TO THE MEMBERS' DEPENDENT CHILDREN WHO HAVE DEMONSTRATED SCHOLASTIC...

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TO PROVIDE FINANCIAL ASSISTANCE TO MEMBERS OF ASBESTOS WORKERS LOCAL NO. 14 WHO ARE EMPLOYED BY PARTICIPATING EMPLOYERS AND TO THE MEMBERS' DEPENDENT CHILDREN WHO HAVE DEMONSTRATED SCHOLASTIC ABILITY, GOOD CHARACHTER, AND QUALITIES OF LEADERSHIP WHO MIGHT NOT OTHERWISE BE ABLE TO AFFORD A COLLEGE EDUCATION.

Program 2
Expenses: $164,000 Revenue: $25,948

TO PROVIDE FUNDING TO FOX CHASE CANCER CENTER FOR MESOTHELIOMA RESEARCH. THIS FORM OF CANCER AFFECTS MANY MEMBERS IN THE BUILDING TRADES, ALTHOUGH ANYONE WHO IS EXPOSED TO ASBESTOS IS AT RISK. SINCE...

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TO PROVIDE FUNDING TO FOX CHASE CANCER CENTER FOR MESOTHELIOMA RESEARCH. THIS FORM OF CANCER AFFECTS MANY MEMBERS IN THE BUILDING TRADES, ALTHOUGH ANYONE WHO IS EXPOSED TO ASBESTOS IS AT RISK. SINCE THE UNION'S INVOLVEMENT WITH FOX CHASE, MUCH HAS BEEN ACCOMPLISHED TOWARDS RELIEVING THE PAIN AND EXTENDING THE QUALITY OF LIFE OF THE PATIENT. FOX CHASE CANCER CENTER WAS SELECTED TO DO RECEIVE THIS RESEARCH BECAUSE OF THEIR NATIONAL RECOGNITION AS ONE OF THE HIGHEST RATED COMPREHENSIVE CANCER CENTERS IN THE NATION.

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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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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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