H&gl Set Fund
Funds vocational training, education, and safety programs to improve lives. For fiscal year 2025 it reported $10.0M in revenue, $7.5M in expenses, and $44.9M in net assets.Pt I
- Founded
- 1972
- Type
- Public charity (501(c)(3)) · Nonprofit
- Location
- Newark, NJ
- Website
- www.hglfunds.org
- Filings
- 6 on file (2020–2025)
More identity details & actions ⌄
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Summary of the Filing
Where the work happens
The fund provides journeyman training and apprentice training classes for the purpose of vocational and advancement training, general and specific education, and improving safety habits and conditions on behalf of the 7,670 participants as of march 31,2025 and also to participants of another training fund.
The plan maintains a scholarship program, awarding four scholarships per year to children of participants for utilization towards tuition fees and other related course expenses. The program provides $5,000 annually for four years to those selected by the scholarship selection COMMITTEE.THE board of trustees agreed on october 26,2015 to…
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Identity & Classification
Governance & Policies
Officers, Directors & Key Employees
Compensation history total reportable pay by year · 8 named individuals · Part VII
| Name | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| George Samuelsen | $193,310 | $178,483 | $164,365 | $118,945 | — | — |
| Joseph Scerbo JR | $113,019 | $181,967 | $178,408 | $174,590 | $165,236 | $167,110 |
| Joseph Demarco JR | — | — | — | $179,759 | $173,350 | $170,450 |
| Joseph Scerbo III | $157,872 | — | — | — | — | — |
| John J Bohme | $149,663 | $141,127 | $130,929 | — | — | — |
| Michael Grisko | $146,685 | $135,365 | $130,526 | $120,064 | — | — |
| William Coffin | $145,619 | — | — | — | — | — |
| Howard Tomlin | $145,577 | — | — | — | — | — |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
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Statement of Revenue
Statement of Functional Expenses
Balance Sheet
Financial Metrics
Same NTEE category, revenue band, and state where available. Descriptive — not a grade.
| Metric | This org | Peer median | Percentile |
|---|---|---|---|
| Program ratio | 83% | — | — |
| Overhead ratio | 17% | — | — |
| Fundraising cost ratio | 0% | — | — |
| Revenue growth | 13% | — | — |
| Investment management fee ratio | 0.09% | — | — |
| Legal fee ratio | 0.2% | — | — |
| Accounting fee ratio | 0.9% | — | — |
| Fundraising fee ratio | 0% | — | — |
Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.
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Filings & Schedule Manifest
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