Quick charity verification for Seafarers Joint Employment Fund (EIN: 116137531)
Verdict: Seafarers Joint Employment Fund appears trustworthy
80/100Mission Score
$24.1MRevenue
$21.2MAssets
2Red Flags
4Strengths
Red Flags
Lack of detailed functional expense breakdown makes it difficult to assess program efficiency.
Consistent reporting of zero officer compensation for an organization with multi-million dollar expenses is unusual and warrants further inquiry into how leadership is compensated or structured.
Strengths
Strong and consistent asset base, typically over $20 million, indicating financial stability.
Low liabilities relative to assets, demonstrating sound financial management.
Consistent filing of IRS 990s, indicating good transparency in financial reporting.
No reported officer compensation, suggesting a potentially very lean administrative cost structure.
Spending Breakdown
How Seafarers Joint Employment Fund allocates its funds across programs, administration, and fundraising.
85%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
5%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about Seafarers Joint Employment Fund
Is Seafarers Joint Employment Fund a legitimate charity?
Based on AI analysis of IRS 990 filings, Seafarers Joint Employment Fund (EIN: 116137531) appears trustworthy. Mission Score: 80/100. 2 red flags identified, 4 strengths noted.
Is Seafarers Joint Employment Fund a good charity to donate to?
Seafarers Joint Employment Fund has a Mission Score of 80/100. Revenue: $24.1M. Assets: $21.2M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Seafarers Joint Employment Fund?
The Employer Identification Number (EIN) for Seafarers Joint Employment Fund is 116137531. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does Seafarers Joint Employment Fund spend its money?
Seafarers Joint Employment Fund allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Seafarers Joint Employment Fund's tax-exempt status?
You can verify Seafarers Joint Employment Fund's tax-exempt status using EIN 116137531 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
The Seafarers Joint Employment Fund demonstrates consistent financial activity, with revenues and expenses generally in the range of $7-8 million annually over the past several years, though there was a notable spike in revenue to over $16 million in 2016. The organization consistently maintains substantial assets, typically exceeding $20 million, indicating a strong financial foundation. A key aspect of its financial health is the absence of reported officer compensation across all available filings, which suggests a lean administrative structure or that compensation is handled through other means not reported in this section. The organization's liabilities are consistently low relative to its assets, typically under $1.3 million, further reinforcing its financial stability.
Spending efficiency appears to be managed, with expenses often closely tracking or slightly exceeding revenues in recent years, indicating that funds are being utilized rather than accumulating excessively. The consistent asset base, despite fluctuations in annual revenue and expenses, suggests prudent financial management. Without a detailed breakdown of program, administrative, and fundraising expenses, a precise assessment of spending efficiency is challenging, but the lack of officer compensation is a positive indicator for overhead.
Transparency is generally good given the availability of multiple years of IRS 990 filings. The consistent reporting of zero officer compensation is a transparent disclosure. However, the absence of a specific NTEE code makes it harder to benchmark against similar organizations. Further transparency could be enhanced by providing a more detailed functional expense breakdown to clearly delineate program spending versus administrative and fundraising costs.