Local 817 I B T Scholarship Training Fund

Great Neck, NY
Tax-exempt since Aug. 1980
EIN: 11-2602554

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Type of Nonprofit

Designated as a 501(c)(9) Voluntary employees' beneficiary associations, which provide payment of life, sickness, accident or other benefits to members.

Donations to this organization are not tax deductible.

Details

According to its Dec. 2023 tax filing, this nonprofit:

Reported conflict of interest transactions

Organizations must report loans, grants or business transactions with interested parties, which may include key employees and officers, their family members and any businesses in which they hold a controlling interest. These transactions must be reported on Schedule L.

Revenue

$4.16M (2023)

Expenses

$3.51M (2023)

Total Assets

$50M (2023)

Total Liabilities

$89.1k (2023)

Source: Form 990 tax filings from 2011 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2023

Revenue

$4,161,097

Expenses

$3,508,534

Net Income

$652,563

Net Assets

$49,911,584

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$4,041,079	97.1%
Investment Income	$198,519	4.8%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	-$79,358
Net Inventory Sales	$0
Other Revenue	$857	0.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$28,150	0.8%
Professional Fundraising Fees	$0
Other Salaries and Wages	$12,323	0.4%

Assets/Debt
Total Assets	$50,000,709
Total Liabilities	$89,125
Net Assets	$49,911,584

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Kathleen Kreinbihl (Fund Administrator)	$24,120	$245,983	$89,134
Christopher O'donnell (Associate Fund Administrat)	$4,030	$136,893	$46,505
Thomas J O'donnell (Trustee)	$0	$312,325	$121,759
Allan Krahieh (Trustee)	$0	$0	$0
Gregg Carlesimo (Trustee)	$0	$0	$0
Francis J Connolly Jr (Trustee)	$0	$288,073	$112,370
Brian Salomone (Trustee)	$0	$231,637	$90,867

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990

Filed on Nov. 6, 2024

Primary tax return for a nonprofit’s activities, finances, and governance

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Fiscal Year Ending Dec.
2022

Revenue

$8,981,637

Expenses

$3,327,747

Net Income

$5,653,890

Net Assets

$43,933,553

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$7,383,627	82.2%
Investment Income	$215,598	2.4%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$1,380,819	15.4%
Net Inventory Sales	$0
Other Revenue	$1,593	0.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$27,068	0.8%
Professional Fundraising Fees	$0
Other Salaries and Wages	$11,760	0.4%

Assets/Debt
Total Assets	$43,972,084
Total Liabilities	$38,531
Net Assets	$43,933,553

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Kathleen Kreinbihl (Fund Administrator)	$23,193	$236,522	$85,706
Christopher O'donnell (Associate Fund Administrat)	$3,875	$131,628	$44,716
Thomas J O'donnell (Trustee)	$0	$296,532	$114,349
Allan Krahieh (Trustee)	$0	$0	$0
Gregg Carlesimo (Trustee)	$0	$0	$0
Francis J Connolly Jr (Trustee)	$0	$277,688	$108,052
Brian Salomone (Trustee)	$0	$229,727	$89,268

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990

Filed on Nov. 10, 2023

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Fiscal Year Ending Dec.
2021

Revenue

$8,627,430

Expenses

$3,035,183

Net Income

$5,592,247

Net Assets

$44,027,684

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$6,811,672	79.0%
Investment Income	$261,697	3.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$1,413,574	16.4%
Net Inventory Sales	$0
Other Revenue	$140,487	1.6%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$9,723	0.3%
Professional Fundraising Fees	$0
Other Salaries and Wages	$28,279	0.9%

Assets/Debt
Total Assets	$44,057,838
Total Liabilities	$30,154
Net Assets	$44,027,684

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Kathleen Kreinbihl (Fund Administrator)	$22,823	$232,755	$84,340
Christopher O'donnell (Associate Fund Administrat)	$3,814	$129,532	$44,004
Thomas J O'donnell (Trustee)	$0	$277,847	$106,147
Allan Krahieh (Trustee)	$0	$0	$0
James Fanning (Former Trustee)	$0	$0	$0
Gregg Carlesimo (Trustee)	$0	$0	$0
Francis J Connolly Jr (Trustee)	$0	$274,804	$105,292
Brian Salomone (Trustee)	$0	$222,399	$85,136

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990

Filed on Nov. 11, 2022

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Fiscal Year Ending Dec.
2020

Revenue

$3,571,872

Expenses

$3,034,699

Net Income

$537,173

Net Assets

$35,319,842

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$3,248,414	90.9%
Investment Income	$398,990	11.2%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	-$75,635
Net Inventory Sales	$0
Other Revenue	$103	0.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$9,359	0.3%
Professional Fundraising Fees	$0
Other Salaries and Wages	$27,063	0.9%

Assets/Debt
Total Assets	$35,488,144
Total Liabilities	$168,302
Net Assets	$35,319,842

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Kathleen Kreinbihl (Fund Administrator)	$6,150	$239,862	$81,183
Christopher O'donnell (Associate Fund Administrat)	$3,209	$125,145	$42,356
Thomas J O'donnell (Trustee)	$0	$270,143	$105,236
Allan Krahieh (Trustee)	$0	$0	$0
James Fanning (Former Trustee)	$0	$0	$0
Gregg Carlesimo (Trustee)	$0	$0	$0
Francis J Connolly Jr (Trustee)	$0	$267,156	$104,071
Brian Salomone (Trustee)	$0	$214,000	$83,162

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990

Filed on Nov. 10, 2021

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Fiscal Year Ending Dec.
2019

Revenue

$7,702,453

Expenses

$2,804,859

Net Income

$4,897,594

Net Assets

$32,221,264

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$6,409,922	83.2%
Investment Income	$331,705	4.3%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$960,102	12.5%
Net Inventory Sales	$0
Other Revenue	$724	0.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$24,304	0.9%
Professional Fundraising Fees	$0
Other Salaries and Wages	$10,250	0.4%

Assets/Debt
Total Assets	$32,397,630
Total Liabilities	$176,366
Net Assets	$32,221,264

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Kathleen Kreinbihl (Fund Administrator)	$20,862	$212,754	$77,093
Christopher O'donnell (Associate Fund Administrat)	$3,442	$116,898	$39,742
Thomas J O'donnell (Trustee)	$0	$265,694	$103,308
Allan Krahieh (Trustee)	$0	$0	$0
James Fanning (Former Trustee)	$0	$0	$0
Gregg Carlesimo (Trustee)	$0	$0	$0
Francis J Connolly Jr (Trustee)	$0	$260,621	$101,095
Brian Salomone (Trustee)	$0	$207,000	$80,157

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990

Filed on Nov. 12, 2020

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Fiscal Year Ending Dec.
2018

Revenue

$6,196,669

Expenses

$2,746,141

Net Income

$3,450,528

Net Assets

$25,132,310

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$5,371,138	86.7%
Investment Income	$290,032	4.7%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$529,740	8.5%
Net Inventory Sales	$0
Other Revenue	$5,759	0.1%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$14,780	0.5%
Professional Fundraising Fees	$0
Other Salaries and Wages	$11,080	0.4%

Assets/Debt
Total Assets	$25,308,221
Total Liabilities	$175,911
Net Assets	$25,132,310

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Kathleen Kreinbihl (Fund Administrator)	$11,638	$205,481	$71,649
Christopher O'donnell (Associate Fund Administrator)	$3,063	$104,046	$35,346
Thomas J O'donnell (Trustee)	$0	$261,418	$103,389
Allan Krahieh (Trustee)	$0	$0	$0
James Fanning (Former Trustee)	$0	$0	$0
Gregg Carlesimo (Trustee)	$0	$0	$0
Francis J Connolly Jr (Trustee)	$0	$252,779	$99,921
Brian Salomone (Trustee)	$0	$197,566	$78,037

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990

Filed on Nov. 14, 2019

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Fiscal Year Ending Dec.
2017

Revenue

$4,969,888

Expenses

$2,438,863

Net Income

$2,531,025

Net Assets

$22,791,507

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$4,544,627	91.4%
Investment Income	$292,656	5.9%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$132,605	2.7%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$11,299	0.5%
Professional Fundraising Fees	$0
Other Salaries and Wages	$16,283	0.7%

Assets/Debt
Total Assets	$22,994,908
Total Liabilities	$203,401
Net Assets	$22,791,507

Compensation

Key Employees and Officers	Compensation	Related	Other
Kathleen Kreinbihl (Fund Admin)	$11,299	$199,496	$69,562
Thomas J O'donnell (Trustee)	$0	$260,690	$100,258
Allan Krahieh (Trustee)	$0	$0	$0
James Fanning (Trustee)	$0	$1,300	$429
Nadine Schramm (Trustee)	$0	$0	$0
Francis J Connolly Jr (Trustee)	$0	$245,606	$95,454

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990

Filed on Nov. 14, 2018

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Fiscal Year Ending Dec.
2016

Revenue

$5,259,241

Expenses

$2,395,290

Net Income

$2,863,951

Net Assets

$19,079,686

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$4,391,546	83.5%
Investment Income	$342,770	6.5%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$273,074	5.2%
Net Inventory Sales	$0
Other Revenue	$251,851	4.8%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$9,503	0.4%
Professional Fundraising Fees	$0
Other Salaries and Wages	$6,871	0.3%

Assets/Debt
Total Assets	$19,250,936
Total Liabilities	$171,250
Net Assets	$19,079,686

Compensation

Key Employees and Officers	Compensation	Related	Other
Kathleen Kreinbihl (Fund Admin)	$9,503	$195,175	$67,544
Thomas J O'donnell (Trustee)	$0	$271,551	$103,440
Allan Krahieh (Trustee)	$0	$0	$0
James Fanning (Trustee)	$0	$1,382	$429
Eugene W Walton (Trustee)	$0	$0	$0
Nadine Schramm (Trustee)	$0	$0	$0
Francis J Connolly Jr (Trustee)	$0	$246,664	$92,536

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990

Filed on Nov. 14, 2017

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Fiscal Year Ending Dec.
2015

Revenue

$5,569,401

Expenses

$2,216,957

Net Income

$3,352,444

Net Assets

$16,225,077

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$4,142,501	74.4%
Investment Income	$285,913	5.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$359,928	6.5%
Net Inventory Sales	$0
Other Revenue	$781,059	14.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$9,225	0.4%
Professional Fundraising Fees	$0
Other Salaries and Wages	$6,648	0.3%

Assets/Debt
Total Assets	$17,127,672
Total Liabilities	$902,595
Net Assets	$16,225,077

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Kathleen Kreinbihl (Fund Admin)	$9,225	$189,470	$65,569
Thomas J O'donnell (Trustee)	$0	$275,092	$88,331
Allan Krahieh (Trustee)	$0	$0	$0
James Fanning (Trustee)	$0	$1,300	$430
Eugene W Walton (Trustee)	$0	$0	$0
Nadine Schramm (Trustee)	$0	$0	$0
Francis J Connolly Jr (Trustee)	$0	$246,130	$78,550

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990

Filed on Nov. 14, 2016

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Fiscal Year Ending Dec.
2014

Revenue

$4,202,567

Expenses

$2,175,549

Net Income

$2,027,018

Net Assets

$13,365,719

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$3,562,262	84.8%
Investment Income	$253,104	6.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$386,952	9.2%
Net Inventory Sales	$0
Other Revenue	$249	0.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$11,738	0.5%
Professional Fundraising Fees	$0
Other Salaries and Wages	$6,765	0.3%

Assets/Debt
Total Assets	$15,034,920
Total Liabilities	$1,669,201
Net Assets	$13,365,719

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Kathleen Kreinbihl (Fund Admin)	$8,517	$175,341	$69,732
Marjorie Marklin (Clerical/Office)	$5,463	$90,138	$36,902
Christine Harkerss (Clerical/Office)	$1,303	$89,848	$35,167
Thomas J O'donnell (Trustee)	$0	$260,968	$108,114
Allan Krahieh (Trustee)	$0	$0	$0
James Fanning (Trustee)	$0	$1,300	$2,178
Eugene W Walton (Trustee)	$0	$0	$0
Nadine Schramm (Trustee)	$0	$0	$0
Francis J Connolly Jr (Trustee)	$0	$234,845	$94,180

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990

Filed on Nov. 14, 2015

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Fiscal Year Ending Dec.
2013

Revenue

$3,559,934

Expenses

$2,029,432

Net Income

$1,530,502

Net Assets

$11,105,020

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$3,376,721	94.9%
Investment Income	$204,022	5.7%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	-$20,823
Net Inventory Sales	$0
Other Revenue	$14	0.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$11,530	0.6%
Professional Fundraising Fees	$0
Other Salaries and Wages	$6,570	0.3%

Assets/Debt
Total Assets	$12,607,230
Total Liabilities	$1,502,210
Net Assets	$11,105,020

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Kathleen Kreinbihl (Fund Admin)	$8,386	$172,272	$68,061
Marjorie Marklin (Clerical/Office)	$5,344	$88,199	$35,693
Christine Harkerss (Clerical/Office)	$1,226	$84,549	$32,665
Thomas J O'donnell (Trustee)	$0	$258,328	$98,100
Allan Krahieh (Trustee)	$0	$0	$0
Kevin Keefe (Trustee)	$0	$0	$0
Eugene W Walton (Trustee)	$0	$0	$0
Nadine Schramm (Trustee)	$0	$0	$0
Francis J Connolly Jr (Trustee)	$0	$231,602	$84,522

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990

Filed on Nov. 14, 2014

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Fiscal Year Ending Dec.
2012

Revenue

$3,315,583

Expenses

$2,899,297

Net Income

$416,286

Net Assets

$8,994,289

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$2,892,504	87.2%
Investment Income	$218,230	6.6%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$204,846	6.2%
Net Inventory Sales	$0
Other Revenue	$3	0.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$7,499	0.3%
Professional Fundraising Fees	$0
Other Salaries and Wages	$5,614	0.2%

Assets/Debt
Total Assets	$10,435,392
Total Liabilities	$1,441,103
Net Assets	$8,994,289

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2011

Revenue

$3,194,677

Expenses

$1,958,333

Net Income

$1,236,344

Net Assets

$8,603,511

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$2,765,905	86.6%
Investment Income	$196,576	6.2%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$232,120	7.3%
Net Inventory Sales	$0
Other Revenue	$76	0.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$7,223	0.4%
Professional Fundraising Fees	$0
Other Salaries and Wages	$5,237	0.3%

Assets/Debt
Total Assets	$8,678,822
Total Liabilities	$75,311
Net Assets	$8,603,511

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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Local 817 I B T Scholarship Training Fund

Organization summary

Type of Nonprofit

Details

Summary charts: organization finances over time

Revenue $4.16M (2023)

Expenses $3.51M (2023)

Total Assets $50M (2023)

Total Liabilities $89.1k (2023)

Tax Filings by Year

Fiscal Year Ending Dec. 2023

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Dec. 2022

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Dec. 2020

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Dec. 2018

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Dec. 2017

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2016

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Dec. 2013

Extracted Financial Data

Revenue

$4.16M (2023)

Expenses

$3.51M (2023)

Total Assets

$50M (2023)

Total Liabilities

$89.1k (2023)

Fiscal Year Ending Dec.
2023

Fiscal Year Ending Dec.
2022

Fiscal Year Ending Dec.
2021

Fiscal Year Ending Dec.
2020

Fiscal Year Ending Dec.
2019

Fiscal Year Ending Dec.
2018

Fiscal Year Ending Dec.
2017

Fiscal Year Ending Dec.
2016

Fiscal Year Ending Dec.
2015

Fiscal Year Ending Dec.
2014

Fiscal Year Ending Dec.
2013

Fiscal Year Ending Dec.
2012

Fiscal Year Ending Dec.
2011

Fiscal Year Ending Dec.
2010

Fiscal Year Ending Dec.
2009

Fiscal Year Ending Dec.
2008

Fiscal Year Ending Dec.
2007

Fiscal Year Ending Dec.
2006

Fiscal Year Ending Dec.
2005

Fiscal Year Ending Dec.
2004