Bakery Drivers 802 Welfare Fund
Bakery Drivers 802 Welfare Fund shows consistent revenue, growing assets, and minimal liabilities.
EIN: 111945541 · Deer Park, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $13.6M |
| Total Expenses | $11.9M |
| Program Spending | 95% |
| CEO/Top Officer Pay | $12.8 |
| Net Assets | $5.8M |
| Transparency Score | 90/100 |
Is Bakery Drivers 802 Welfare Fund Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Bakery Drivers 802 Welfare Fund directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Bakery Drivers 802 Welfare Fund
Bakery Drivers 802 Welfare Fund (EIN: 111945541) is a nonprofit organization based in Deer Park, NY. The organization reported total revenue of $13.6M and total assets of $5.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Bakery Drivers 802 Welfare Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Bakery Drivers 802 Welfare Fund is a large nonprofit that has been operating for 73 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 0.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $12.9M |
| Total Expenses | $11.9M |
| Surplus / Deficit | +$949K |
| Total Assets | $6.0M |
| Total Liabilities | $150K |
| Net Assets | $5.8M |
| Operating Margin | 7.4% |
| Debt-to-Asset Ratio | 2.5% |
| Months of Reserves | 6.0 months |
Financial Health Grade: A
In 2023, Bakery Drivers 802 Welfare Fund reported a surplus of $949K with revenue exceeding expenses, holds 6.0 months of operating reserves (strong position), has a debt-to-asset ratio of 2.5% (very low leverage).
Financial Trends
Over 14 years of filings (2010–2023), Bakery Drivers 802 Welfare Fund's revenue has grown at a compound annual growth rate (CAGR) of 0.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +8.8% | +19.3% | +18.5% |
| 2022 | +0.3% | +1.0% | +29.0% |
| 2021 | -5.4% | -26.1% | +82.1% |
| 2020 | -1.1% | -3.0% | -65.6% |
| 2019 | +7.0% | -0.5% | -7.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1953 |
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 Bakery Drivers 802 Welfare Fund 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: 5%
- programs: 95%
- fundraising: 0%
According to IRS 990 filings, Bakery Drivers 802 Welfare Fund allocates its expenses as follows: admin: 5%, programs: 95%, fundraising: 0%. With 95% 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 $949K, with revenue exceeding expenses.
- Debt-to-asset ratio: 2.5%.
Executive Compensation Analysis
The organization reports 0% officer compensation across all available filings, indicating that no executive salaries are paid from the fund, which is highly commendable for a fund of this size ($12.8 million revenue in 2023).
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 Bakery Drivers 802 Welfare Fund:
- Consistent revenue generation, averaging over $12 million annually.
- Significant growth in assets from $2.1M in 2020 to $5.9M in 2023.
- Substantial reduction in liabilities, from over $4M in 2019 to $149K in 2023.
- Zero reported officer compensation, indicating high efficiency and direct benefit allocation.
- Consistent financial surpluses in recent years (2021-2023), building reserves.
Frequently Asked Questions about Bakery Drivers 802 Welfare Fund
Is Bakery Drivers 802 Welfare Fund a legitimate charity?
Based on AI analysis of IRS 990 filings, Bakery Drivers 802 Welfare Fund (EIN: 111945541) appears legitimate. Mission Score: 90/100. 0 red flags identified, 5 strengths noted.
How does Bakery Drivers 802 Welfare Fund spend its money?
Bakery Drivers 802 Welfare Fund directs 95% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Bakery Drivers 802 Welfare Fund tax-deductible?
Bakery Drivers 802 Welfare Fund is registered as a tax-exempt nonprofit (EIN: 111945541). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Bakery Drivers 802 Welfare Fund CEO make?
Bakery Drivers 802 Welfare Fund's highest-compensated officer earns $12.8 annually. The organization reported $13.6M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
Where is Bakery Drivers 802 Welfare Fund located?
Bakery Drivers 802 Welfare Fund is headquartered in Deer Park, New York and files with the IRS under EIN 111945541.
How many years of IRS 990 filings does Bakery Drivers 802 Welfare Fund have?
Bakery Drivers 802 Welfare Fund has 14 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 $13.6M in total revenue.
Is Bakery Drivers 802 Welfare Fund financially stable?
Yes, the fund is financially stable, evidenced by consistent revenue growth, increasing assets from $2,147,056 in 2020 to $5,975,223 in 2023, and significantly reduced liabilities to $149,631 in 2023.
How has the fund's asset base changed over time?
The fund's assets have shown significant growth in recent years, increasing from a low of $2,147,056 in 2020 to $5,975,223 in 2023, indicating a healthy accumulation of reserves.
What is the trend in the fund's liabilities?
Liabilities have dramatically decreased from a high of $4,179,232 in 2019 to a very low $149,631 in 2023, demonstrating excellent financial management and reduced financial risk.
Filing History
IRS 990 filing history for Bakery Drivers 802 Welfare Fund showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Bakery Drivers 802 Welfare Fund's revenue has grown by 6.6%, moving from $12.1M to $12.9M. Total assets decreased by 13.6% over the same period, from $6.9M to $6.0M. Total functional expenses rose by 22.1%, from $9.8M to $11.9M. In its most recent filing year (2023), Bakery Drivers 802 Welfare Fund reported a surplus of $949K, with revenue exceeding expenses. The organization holds $150K in liabilities against $6.0M in assets (debt-to-asset ratio: 2.5%), resulting in net assets of $5.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $12.9M | $11.9M | $6.0M | $150K | — | — |
| 2022 | $11.8M | $10.0M | $5.0M | $167K | — | View 990 |
| 2021 | $11.8M | $9.9M | $3.9M | $868K | — | View 990 |
| 2020 | $12.5M | $13.4M | $2.1M | $1.0M | — | — |
| 2019 | $12.6M | $13.8M | $6.2M | $4.2M | — | View 990 |
| 2018 | $11.8M | $13.9M | $6.7M | $3.8M | — | View 990 |
| 2017 | $11.4M | $12.5M | $6.9M | $1.2M | — | View 990 |
| 2016 | $11.5M | $12.6M | $7.2M | $729K | — | View 990 |
| 2015 | $12.6M | $14.6M | $8.2M | $89K | — | View 990 |
| 2014 | $12.8M | $12.6M | $10.5M | $37K | — | View 990 |
| 2013 | $12.2M | $11.1M | $10.8M | $93K | — | View 990 |
| 2012 | $11.4M | $10.5M | $9.1M | $40K | — | View 990 |
| 2011 | $12.1M | $11.0M | $7.9M | $102K | — | View 990 |
| 2010 | $12.1M | $9.8M | $6.9M | $276K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $12.9M, expenses of $11.9M, and assets of $6.0M (revenue +8.8% year-over-year).
- 2022: Revenue of $11.8M, expenses of $10.0M, and assets of $5.0M (revenue +0.3% year-over-year).
- 2021: Revenue of $11.8M, expenses of $9.9M, and assets of $3.9M (revenue -5.4% year-over-year).
- 2020: Revenue of $12.5M, expenses of $13.4M, and assets of $2.1M (revenue -1.1% year-over-year).
- 2019: Revenue of $12.6M, expenses of $13.8M, and assets of $6.2M (revenue +7.0% year-over-year).
- 2018: Revenue of $11.8M, expenses of $13.9M, and assets of $6.7M (revenue +3.4% year-over-year).
- 2017: Revenue of $11.4M, expenses of $12.5M, and assets of $6.9M (revenue -1.2% year-over-year).
- 2016: Revenue of $11.5M, expenses of $12.6M, and assets of $7.2M (revenue -8.5% year-over-year).
- 2015: Revenue of $12.6M, expenses of $14.6M, and assets of $8.2M (revenue -1.7% year-over-year).
- 2014: Revenue of $12.8M, expenses of $12.6M, and assets of $10.5M (revenue +5.5% year-over-year).
- 2013: Revenue of $12.2M, expenses of $11.1M, and assets of $10.8M (revenue +6.3% year-over-year).
- 2012: Revenue of $11.4M, expenses of $10.5M, and assets of $9.1M (revenue -5.1% year-over-year).
- 2011: Revenue of $12.1M, expenses of $11.0M, and assets of $7.9M (revenue -0.3% year-over-year).
- 2010: Revenue of $12.1M, expenses of $9.8M, and assets of $6.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Bakery Drivers 802 Welfare Fund:
Data Sources and Methodology
This transparency report for Bakery Drivers 802 Welfare Fund 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.