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New York · Nonprofit

LOCAL UNION 1556 SCHOLARSHIP FUND

LOCAL UNION 1556 SCHOLARSHIP FUND (New York) receives grants from 3 organizations whose IRS filings report $59,100 to it, the largest being Local Union 1556 ($28,100). 2 of them have funded it in more than one year.

Revenue FY2025
$123k
Funders on record
3
Grants received
$59k
Net assets
$190k
2/3 repeat funderspeak grant-dependency 29%
01The organization over time

The organization over time

Each line starts at 100 in 2021, so what you read is the shape rather than the size: 150 means half as much again as 2021, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.

100 = 20212021 Revenue 100 ($97k) Expenses 100 ($86k) Net assets 100 ($52k)2022 Revenue 63 ($61k) Expenses 72 ($62k) Net assets 99 ($52k)2023 Revenue 47 ($45k) Expenses 24 ($20k) Net assets 226 ($118k)2024 Revenue -35 ($-34030) Expenses 11 ($10k) Net assets 143 ($75k)2025 Revenue 127 ($123k) Expenses 8 ($7k) Net assets 364 ($190k)
20212022202320242025
Revenue (127)Expenses (8)Net assets (364)Peer revenue range

How it's funded, over time

Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.

2021
2022
2023
2024
2025
ContributionsProgram revenueInvestmentOther

0% of LOCAL UNION 1556 SCHOLARSHIP FUND’s revenue is contributions — more earned-revenue than three-quarters of its peers (58% for the typical peer).

This organization
Typical peer · 24,851 orgs

Surplus & reserves

Operating surplus or deficit each year, and months of liquidity in hand. 2 of the last 5 reported years ran a deficit.

$11k
’21
−$511
’22
$25k
’23
−$44k
’24
$116k
’25
380
months of
reserve
02Who funds it

Who funds it, year by year

2017 → 2023: the base broadened from 1 funder to 2 funders, grant income rose $10k → $13k.

From the IRS filings of LOCAL UNION 1556 SCHOLARSHIP FUND’s funders (the co-funder graph). Association, not causation.

How concentrated its funding is

LOCAL UNION 1556 SCHOLARSHIP FUND leans on a few funders — its largest provides 48% of grant income and the top three 100%; half comes from just 2 funders.

the vertical line marks half of all grant income — 2 funders to its left

48%
largest funder
100%
top three
~3
effective funders

Largest funder’s share by year: 2017 100% · 2021 100% · 2023 58% — diversifying over time.

“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration.

Where its funders are

100% of LOCAL UNION 1556 SCHOLARSHIP FUND's grant income comes from New York funders.

NY

In-state vs out-of-state, by year

’17
’21
’23
New York out of state home

Funder states come from each funder’s own filing.

03Its place in the field

Against its field

LOCAL UNION 1556 SCHOLARSHIP FUND's funding base is broadening — from 1 funders to 2 as grant income climbed.

Operating margin94% · outside the comparable range
Months of reserve380.0mo · outside the comparable range
Revenue growth (annualized)6% · below the median

this organization peer median middle 50% of peers· 15,926 education nonprofits $100k–$1M, FY2025

Organizations like LOCAL UNION 1556 SCHOLARSHIP FUND

Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.

In New York

Nationally

04Profile & governance

Read directly from this organization’s own Form 990, as neutral context.

Where the money goes

0% of spending goes to programs.

Program 0%Management 100%Fundraising 0%

Governance

7
board members
100%
independent
–Conflict-of-interest policy–Whistleblower policy–Document retention✓Board reviewed the 990–Audited financials

Public support

100%

Share of support from the public (Schedule A) — the basis for its public-charity status.

Footprint & structure

Part of a family of 2 related entities

  • Local Union 1556 · exempt
  • Frederick W Devine Scholarship Fund · exempt

Screen this organization

A dated, signed PDF of the compliance screen for LOCAL UNION 1556 SCHOLARSHIP FUND: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.

A paid feature, included from the $75 plan up. Sign in to download.

Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf

Questions and answers

Who funds LOCAL UNION 1556 SCHOLARSHIP FUND?
LOCAL UNION 1556 SCHOLARSHIP FUND (New York) receives grants from 3 organizations whose IRS filings report $59,100 to it, the largest being Local Union 1556 ($28,100). 2 of them have funded it in more than one year.
How many funders does LOCAL UNION 1556 SCHOLARSHIP FUND have?
IRS filings report 3 organizations giving $59,100 in grants to LOCAL UNION 1556 SCHOLARSHIP FUND, 2 of which have funded it in more than one year.
Who is the largest funder of LOCAL UNION 1556 SCHOLARSHIP FUND?
Local Union 1556 is the largest funder on record, with $28,100 in grants. The full list of funders is on this page.
How can an organization like LOCAL UNION 1556 SCHOLARSHIP FUND find more funders?
Start with the funders already giving here, then look at the foundations that back similar organizations in New York. The funding by cause and by state pages list the largest funders for a given area and how to approach them.

Play a game about who funds Local Union 1556 Scholarship →

These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2021–2025), and the filings of 3 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. What this page cannot tell you · view filing