1199 Seiu Greater New York Worker Participation Fund Inc
1199 Seiu Greater New York Worker Participation Fund Inc shows consistent revenue and asset growth with no reported officer compensation.
EIN: 134079917 · New York, NY · NTEE: J40 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $4.0M |
| Total Expenses | $3.9M |
| Program Spending | 85% |
| Net Assets | $5.2M |
| Transparency Score | 90/100 |
Is 1199 Seiu Greater New York Worker Participation Fund Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
1199 Seiu Greater New York Worker Participation Fund Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About 1199 Seiu Greater New York Worker Participation Fund Inc
1199 Seiu Greater New York Worker Participation Fund Inc (EIN: 134079917) is a nonprofit organization based in New York, NY, classified under NTEE code J40. The organization reported total revenue of $4.0M and total assets of $5.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of 1199 Seiu Greater New York Worker Participation Fund Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
1199 Seiu Greater New York Worker Participation Fund Inc is a mid-size nonprofit that has been operating for 25 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 11.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $4.4M |
| Total Expenses | $3.9M |
| Surplus / Deficit | +$550K |
| Total Assets | $6.5M |
| Total Liabilities | $1.3M |
| Net Assets | $5.2M |
| Operating Margin | 12.5% |
| Debt-to-Asset Ratio | 19.7% |
| Months of Reserves | 20.1 months |
Financial Health Grade: A
In 2023, 1199 Seiu Greater New York Worker Participation Fund Inc reported a surplus of $550K with revenue exceeding expenses, holds 20.1 months of operating reserves (strong position), has a debt-to-asset ratio of 19.7% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), 1199 Seiu Greater New York Worker Participation Fund Inc's revenue has grown at a compound annual growth rate (CAGR) of 11.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +11.3% | +50.1% | +12.6% |
| 2022 | +33.2% | -18.2% | +48.1% |
| 2021 | -8.6% | -31.9% | -9.4% |
| 2020 | +1.1% | +27.0% | -19.4% |
| 2019 | -1.4% | +18.7% | -4.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2001 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates 1199 Seiu Greater New York Worker Participation Fund Inc with a Mission Score of 90 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, 1199 Seiu Greater New York Worker Participation Fund Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $550K, with revenue exceeding expenses.
- Debt-to-asset ratio: 19.7%.
Executive Compensation Analysis
The organization reports 0% officer compensation across all available filings, indicating that no salaries or benefits were paid to its officers, which is a strong positive for resource allocation and transparency.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Strengths
The following positive indicators were identified for 1199 Seiu Greater New York Worker Participation Fund Inc:
- Consistent revenue generation, with 2023 revenue at $4,401,654.
- Strong asset growth, increasing from $4,564,859 in 2014 to $6,456,314 in 2023.
- Zero reported officer compensation across all filings, indicating high efficiency and mission focus.
- Manageable liabilities relative to assets, with liabilities at $1,269,204 against assets of $6,456,314 in 2023.
- Positive net income in recent years, such as a $549,830 surplus in 2023 ($4,401,654 revenue - $3,851,824 expenses).
Frequently Asked Questions about 1199 Seiu Greater New York Worker Participation Fund Inc
Is 1199 Seiu Greater New York Worker Participation Fund Inc a legitimate charity?
1199 Seiu Greater New York Worker Participation Fund Inc (EIN: 134079917) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 90/100. It has 13 years of IRS 990 filings on record. Total revenue: $4.0M. No red flags identified. 5 strengths noted. Financial health grade: A.
How does 1199 Seiu Greater New York Worker Participation Fund Inc spend its money?
1199 Seiu Greater New York Worker Participation Fund Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to 1199 Seiu Greater New York Worker Participation Fund Inc tax-deductible?
1199 Seiu Greater New York Worker Participation Fund Inc is registered as a tax-exempt nonprofit (EIN: 134079917). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of 1199 Seiu Greater New York Worker Participation Fund Inc's spending goes to programs?
1199 Seiu Greater New York Worker Participation Fund Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does 1199 Seiu Greater New York Worker Participation Fund Inc compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), 1199 Seiu Greater New York Worker Participation Fund Inc is above average for NTEE category J40 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is 1199 Seiu Greater New York Worker Participation Fund Inc located?
1199 Seiu Greater New York Worker Participation Fund Inc is headquartered in New York, New York and files with the IRS under EIN 134079917. It is classified under NTEE code J40.
How many years of IRS 990 filings does 1199 Seiu Greater New York Worker Participation Fund Inc have?
1199 Seiu Greater New York Worker Participation Fund Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $4.0M in total revenue.
Is 1199 Seiu Greater New York Worker Participation Fund Inc financially stable?
Yes, the organization appears financially stable, with consistent revenue generation (e.g., $4,401,654 in 2023) and a growing asset base, reaching $6,456,314 in 2023 from $4,564,859 in 2014.
How does the organization manage executive compensation?
The organization reports 0% officer compensation in all available filings, indicating a highly efficient approach to executive pay and a strong commitment to directing funds towards its mission.
Has the organization's financial health improved over the last decade?
Yes, the organization's financial health has improved, evidenced by an increase in assets from $4,564,859 in 2014 to $6,456,314 in 2023, and generally positive net income in recent years, such as a $549,830 surplus in 2023.
Filing History
IRS 990 filing history for 1199 Seiu Greater New York Worker Participation Fund Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), 1199 Seiu Greater New York Worker Participation Fund Inc's revenue has grown by 257%, moving from $1.2M to $4.4M. Total assets increased by 33.9% over the same period, from $4.8M to $6.5M. Total functional expenses rose by 88.7%, from $2.0M to $3.9M. In its most recent filing year (2023), 1199 Seiu Greater New York Worker Participation Fund Inc reported a surplus of $550K, with revenue exceeding expenses. The organization holds $1.3M in liabilities against $6.5M in assets (debt-to-asset ratio: 19.7%), resulting in net assets of $5.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $4.4M | $3.9M | $6.5M | $1.3M | — | — |
| 2022 | $4.0M | $2.6M | $5.7M | $1.1M | — | View 990 |
| 2021 | $3.0M | $3.1M | $3.9M | $621K | — | View 990 |
| 2020 | $3.3M | $4.6M | $4.3M | $854K | — | View 990 |
| 2019 | $3.2M | $3.6M | $5.3M | $529K | — | View 990 |
| 2018 | $3.3M | $3.1M | $5.5M | $364K | — | View 990 |
| 2017 | $3.2M | $3.7M | $6.1M | $1.1M | — | View 990 |
| 2016 | $3.5M | $3.0M | $5.1M | $381K | — | View 990 |
| 2015 | $2.8M | $2.7M | $4.6M | $373K | — | View 990 |
| 2014 | $2.7M | $3.1M | $4.6M | $377K | — | View 990 |
| 2013 | $2.7M | $2.3M | $4.9M | $323K | — | View 990 |
| 2012 | $2.7M | $2.5M | $4.7M | $441K | — | View 990 |
| 2011 | $1.2M | $2.0M | $4.8M | $738K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $4.4M, expenses of $3.9M, and assets of $6.5M (revenue +11.3% year-over-year).
- 2022: Revenue of $4.0M, expenses of $2.6M, and assets of $5.7M (revenue +33.2% year-over-year).
- 2021: Revenue of $3.0M, expenses of $3.1M, and assets of $3.9M (revenue -8.6% year-over-year).
- 2020: Revenue of $3.3M, expenses of $4.6M, and assets of $4.3M (revenue +1.1% year-over-year).
- 2019: Revenue of $3.2M, expenses of $3.6M, and assets of $5.3M (revenue -1.4% year-over-year).
- 2018: Revenue of $3.3M, expenses of $3.1M, and assets of $5.5M (revenue +3.0% year-over-year).
- 2017: Revenue of $3.2M, expenses of $3.7M, and assets of $6.1M (revenue -9.6% year-over-year).
- 2016: Revenue of $3.5M, expenses of $3.0M, and assets of $5.1M (revenue +26.9% year-over-year).
- 2015: Revenue of $2.8M, expenses of $2.7M, and assets of $4.6M (revenue +1.1% year-over-year).
- 2014: Revenue of $2.7M, expenses of $3.1M, and assets of $4.6M (revenue +1.1% year-over-year).
- 2013: Revenue of $2.7M, expenses of $2.3M, and assets of $4.9M (revenue +1.7% year-over-year).
- 2012: Revenue of $2.7M, expenses of $2.5M, and assets of $4.7M (revenue +115.3% year-over-year).
- 2011: Revenue of $1.2M, expenses of $2.0M, and assets of $4.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for 1199 Seiu Greater New York Worker Participation Fund Inc:
Data Sources and Methodology
This transparency report for 1199 Seiu Greater New York Worker Participation Fund Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.