Basil Castrovinci Associates Welfare Fund
Basil Castrovinci Associates Welfare Fund maintains strong asset growth with no reported officer compensation.
EIN: 136111622 · Hopatcong, NJ · Updated: 2026-03-28
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Basil Castrovinci Associates Welfare Fund is mapped to EIN 136111622.
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| Metric | Value |
|---|---|
| Total Revenue | $389K |
| Total Expenses | $306K |
| Program Spending | 80% |
| Net Assets | $2.2M |
| Transparency Score | 85/100 |
Search Intent Cockpit
Basil Castrovinci Associates Welfare Fund Form 990, Revenue, CEO Pay, and IRS Filing Signals
Basil Castrovinci Associates Welfare Fund is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Basil Castrovinci Associates Welfare Fund in one place.
Form 990 Filing Summary
12 filing years are available, with latest revenue of $595K and expenses of $306K.
Revenue and Expenses
Basil Castrovinci Associates Welfare Fund reported $595K in revenue and $306K in expenses, a surplus of $288K.
Executive Compensation
Officer, director, trustee, and key employee pay is reviewed from IRS 990 compensation disclosures when present.
Charity Score and Red Flags
85/100 mission score, 2 red flags, and 4 strengths are shown from structured and AI review.
Is Basil Castrovinci Associates Welfare Fund Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
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Where the Money Comes From and Where It Goes
Revenue Source Mix
Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
| Program services | $245K (80%) |
Across stored filings, Basil Castrovinci Associates Welfare Fund shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
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| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Some Concerns | Good filing record; 2 red flags identified |
| Mission spend | 80% to programs | Excellent |
| Financial durability | Grade A | 12 stored filing years |
| Peer context | Compare with Dance For The Cure Inc | New Jersey and category context |
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Basil Castrovinci Associates Welfare Fund directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Basil Castrovinci Associates Welfare Fund
Basil Castrovinci Associates Welfare Fund (EIN: 136111622) is a nonprofit organization based in Hopatcong, NJ. The organization reported total revenue of $389K and total assets of $2.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Basil Castrovinci Associates Welfare Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Basil Castrovinci Associates Welfare Fund is a small nonprofit that has been operating for 69 years, with 12 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 7.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $595K |
| Total Expenses | $306K |
| Surplus / Deficit | +$288K |
| Total Assets | $2.2M |
| Net Assets | $2.2M |
| Operating Margin | 48.5% |
| Months of Reserves | 87.3 months |
Financial Health Grade: A
In 2023, Basil Castrovinci Associates Welfare Fund reported a surplus of $288K with revenue exceeding expenses, holds 87.3 months of operating reserves (strong position).
Financial Trends
Over 12 years of filings (2011–2023), Basil Castrovinci Associates Welfare Fund's revenue has grown at a compound annual growth rate (CAGR) of 7.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +17.4% | -3.6% | -13.2% |
| 2021 | -5.1% | +2.5% | +7.9% |
| 2020 | +97.4% | +13.0% | +10.4% |
| 2019 | -1.1% | +5.4% | +10.7% |
| 2018 | -4.7% | +11.3% | +0.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1957 |
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 Basil Castrovinci Associates Welfare Fund with a Mission Score of 85 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Basil Castrovinci Associates Welfare Fund allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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 $288K, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation from the organization, which is a strong positive for financial stewardship.
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.
Red Flags
The following concerns were identified during AI analysis of Basil Castrovinci Associates Welfare Fund's IRS 990 filings:
- Lack of detailed expense breakdown in summary data
- NTEE Code is unknown, making it difficult to benchmark against similar organizations
Strengths
The following positive indicators were identified for Basil Castrovinci Associates Welfare Fund:
- Consistent asset growth, from $1,400,837 in 2013 to $2,229,323 in 2023
- No reported liabilities across all filing periods
- No officer compensation reported, indicating efficient executive cost management
- Revenue consistently exceeds expenses, demonstrating financial stability (e.g., $594,574 revenue vs. $306,461 expenses in 2023)
Frequently Asked Questions about Basil Castrovinci Associates Welfare Fund
Is Basil Castrovinci Associates Welfare Fund a legitimate charity?
Basil Castrovinci Associates Welfare Fund (EIN: 136111622) is a registered tax-exempt nonprofit based in New Jersey. Our AI analysis gives it a Mission Score of 85/100. It has 12 years of IRS 990 filings on record. Total revenue: $389K. 2 red flags identified. 4 strengths noted. Financial health grade: A.
How does Basil Castrovinci Associates Welfare Fund spend its money?
Basil Castrovinci Associates Welfare Fund directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Basil Castrovinci Associates Welfare Fund tax-deductible?
Basil Castrovinci Associates Welfare Fund is registered as a tax-exempt nonprofit (EIN: 136111622). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Basil Castrovinci Associates Welfare Fund's spending goes to programs?
Basil Castrovinci Associates Welfare Fund directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Basil Castrovinci Associates Welfare Fund located?
Basil Castrovinci Associates Welfare Fund is headquartered in Hopatcong, New Jersey and files with the IRS under EIN 136111622.
How many years of IRS 990 filings does Basil Castrovinci Associates Welfare Fund have?
Basil Castrovinci Associates Welfare Fund has 12 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 $389K in total revenue.
What are the specific welfare programs or benefits provided by the fund?
The provided data does not detail the specific welfare programs or benefits. This information would typically be found in the full IRS Form 990, Part III, Statement of Program Service Accomplishments.
How does the organization manage its significant asset base?
The organization has consistently grown its assets, reaching $2,229,323 in 2023. The specific investment strategies or asset management practices are not detailed in the summary data but the growth suggests prudent financial management.
What is the breakdown of expenses beyond total expenses?
The summary data only provides total expenses (e.g., $306,461 in 2023). A detailed breakdown into program, administrative, and fundraising expenses would require reviewing the full IRS Form 990, Part IX, Statement of Functional Expenses.
Filing History
IRS 990 filing history for Basil Castrovinci Associates Welfare Fund showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2023), Basil Castrovinci Associates Welfare Fund's revenue has grown by 143.4%, moving from $244K to $595K. Total assets increased by 87.1% over the same period, from $1.2M to $2.2M. Total functional expenses rose by 46.9%, from $209K to $306K. In its most recent filing year (2023), Basil Castrovinci Associates Welfare Fund reported a surplus of $288K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $595K | $306K | $2.2M | $0 | — | View 990 |
| 2021 | $507K | $318K | $2.6M | $0 | — | View 990 |
| 2020 | $534K | $310K | $2.4M | $0 | — | — |
| 2019 | $270K | $275K | $2.2M | $0 | — | View 990 |
| 2018 | $273K | $260K | $1.9M | $0 | — | View 990 |
| 2017 | $287K | $234K | $1.9M | $0 | — | View 990 |
| 2016 | $233K | $219K | $1.8M | $0 | — | View 990 |
| 2015 | $438K | $201K | $1.7M | $0 | — | View 990 |
| 2014 | $282K | $221K | $1.5M | $0 | — | View 990 |
| 2013 | $408K | $236K | $1.4M | $0 | — | View 990 |
| 2012 | $227K | $189K | $1.2M | $0 | — | View 990 |
| 2011 | $244K | $209K | $1.2M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $595K, expenses of $306K, and assets of $2.2M (revenue +17.4% year-over-year).
- 2021: Revenue of $507K, expenses of $318K, and assets of $2.6M (revenue -5.1% year-over-year).
- 2020: Revenue of $534K, expenses of $310K, and assets of $2.4M (revenue +97.4% year-over-year).
- 2019: Revenue of $270K, expenses of $275K, and assets of $2.2M (revenue -1.1% year-over-year).
- 2018: Revenue of $273K, expenses of $260K, and assets of $1.9M (revenue -4.7% year-over-year).
- 2017: Revenue of $287K, expenses of $234K, and assets of $1.9M (revenue +23.2% year-over-year).
- 2016: Revenue of $233K, expenses of $219K, and assets of $1.8M (revenue -46.8% year-over-year).
- 2015: Revenue of $438K, expenses of $201K, and assets of $1.7M (revenue +55.2% year-over-year).
- 2014: Revenue of $282K, expenses of $221K, and assets of $1.5M (revenue -30.8% year-over-year).
- 2013: Revenue of $408K, expenses of $236K, and assets of $1.4M (revenue +79.8% year-over-year).
- 2012: Revenue of $227K, expenses of $189K, and assets of $1.2M (revenue -7.2% year-over-year).
- 2011: Revenue of $244K, expenses of $209K, and assets of $1.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Basil Castrovinci Associates Welfare Fund:
Data Sources and Methodology
This transparency report for Basil Castrovinci Associates 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.