Bricklayers Insurance & Welfare Fund
Bricklayers Insurance & Welfare Fund consistently reports zero officer compensation while managing substantial assets and providing benefits.
EIN: 131575218 · Rego Park, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $28.0M |
| Total Expenses | $27.9M |
| Program Spending | 95% |
| CEO/Top Officer Pay | $20 |
| Net Assets | $20.8M |
| Transparency Score | 90/100 |
Is Bricklayers Insurance & Welfare Fund Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Bricklayers Insurance & Welfare Fund directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Bricklayers Insurance & Welfare Fund
Bricklayers Insurance & Welfare Fund (EIN: 131575218) is a nonprofit organization based in Rego Park, NY. The organization reported total revenue of $28.0M and total assets of $30.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Bricklayers Insurance & Welfare Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Bricklayers Insurance & Welfare Fund is a large nonprofit that has been operating for 77 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $28.3M |
| Total Expenses | $27.9M |
| Surplus / Deficit | +$331K |
| Total Assets | $29.8M |
| Total Liabilities | $9.1M |
| Net Assets | $20.8M |
| Operating Margin | 1.2% |
| Debt-to-Asset Ratio | 30.4% |
| Months of Reserves | 12.8 months |
Financial Health Grade: A
In 2023, Bricklayers Insurance & Welfare Fund reported a surplus of $331K with revenue exceeding expenses, holds 12.8 months of operating reserves (strong position), has a debt-to-asset ratio of 30.4% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Bricklayers Insurance & Welfare Fund's revenue has grown at a compound annual growth rate (CAGR) of 3.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +18.6% | +1.4% | +9.7% |
| 2022 | +0.4% | +2.5% | -20.0% |
| 2021 | +25.5% | +27.5% | -1.9% |
| 2020 | -29.8% | -17.3% | -8.3% |
| 2019 | +2.1% | +0.6% | +6.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1949 |
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 Bricklayers Insurance & 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, Bricklayers Insurance & 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 $331K, with revenue exceeding expenses.
- Debt-to-asset ratio: 30.4%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers receive compensation from the organization. This is highly unusual for an organization of its size with annual revenues exceeding $20 million and suggests either a volunteer leadership structure or that compensation is handled through an affiliated entity not reflected in these specific filings.
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 Bricklayers Insurance & Welfare Fund's IRS 990 filings:
- Expenses exceeding revenue in multiple recent years (e.g., 2021, 2022) without clear explanation of funding source for deficit.
Strengths
The following positive indicators were identified for Bricklayers Insurance & Welfare Fund:
- Consistent reporting of 0% officer compensation across all filings, indicating high efficiency in leadership costs.
- Substantial and stable asset base (e.g., $29,822,659 in 2023) providing financial security.
- Significant revenue generation, consistently in the tens of millions annually.
- Long history of IRS 990 filings (13 filings), suggesting established operations and compliance.
Frequently Asked Questions about Bricklayers Insurance & Welfare Fund
Is Bricklayers Insurance & Welfare Fund a legitimate charity?
Based on AI analysis of IRS 990 filings, Bricklayers Insurance & Welfare Fund (EIN: 131575218) some concerns. Mission Score: 90/100. 1 red flag identified, 4 strengths noted.
How does Bricklayers Insurance & Welfare Fund spend its money?
Bricklayers Insurance & Welfare Fund directs 95% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Bricklayers Insurance & Welfare Fund tax-deductible?
Bricklayers Insurance & Welfare Fund is registered as a tax-exempt nonprofit (EIN: 131575218). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Bricklayers Insurance & Welfare Fund CEO make?
Bricklayers Insurance & Welfare Fund's highest-compensated officer earns $20 annually. The organization reported $28.0M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
Where is Bricklayers Insurance & Welfare Fund located?
Bricklayers Insurance & Welfare Fund is headquartered in Rego Park, New York and files with the IRS under EIN 131575218.
How many years of IRS 990 filings does Bricklayers Insurance & Welfare Fund have?
Bricklayers Insurance & Welfare Fund 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 $28.0M in total revenue.
Is Bricklayers Insurance & Welfare Fund a good charity?
Based on the provided financial data, the Bricklayers Insurance & Welfare Fund appears to be a financially stable organization with a strong commitment to its mission, evidenced by its consistent zero officer compensation and significant asset base. Its nature as a welfare fund implies direct benefit provision, which is generally considered efficient.
How does the organization manage its expenses relative to its revenue?
The organization generally manages its expenses close to its revenue. For instance, in 2023, revenue was $28,277,123 and expenses were $27,946,424, showing a slight surplus. However, there were years like 2022 ($23,849,553 revenue vs. $27,563,720 expenses) and 2021 ($23,755,600 revenue vs. $26,891,255 expenses) where expenses exceeded revenue, indicating reliance on reserves or other income sources.
What is the trend in the organization's assets?
The organization's assets have fluctuated over the past decade, ranging from a high of $37,772,695 in 2019 to a low of $27,185,532 in 2022. As of 2023, assets stood at $29,822,659, indicating a generally stable, albeit variable, asset base.
Filing History
IRS 990 filing history for Bricklayers Insurance & Welfare Fund showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Bricklayers Insurance & Welfare Fund's revenue has grown by 47.8%, moving from $19.1M to $28.3M. Total assets increased by 14.6% over the same period, from $26.0M to $29.8M. Total functional expenses rose by 25.5%, from $22.3M to $27.9M. In its most recent filing year (2023), Bricklayers Insurance & Welfare Fund reported a surplus of $331K, with revenue exceeding expenses. The organization holds $9.1M in liabilities against $29.8M in assets (debt-to-asset ratio: 30.4%), resulting in net assets of $20.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $28.3M | $27.9M | $29.8M | $9.1M | — | — |
| 2022 | $23.8M | $27.6M | $27.2M | $7.5M | — | View 990 |
| 2021 | $23.8M | $26.9M | $34.0M | $7.9M | — | View 990 |
| 2020 | $18.9M | $21.1M | $34.7M | $6.4M | — | — |
| 2019 | $27.0M | $25.5M | $37.8M | $8.1M | — | View 990 |
| 2018 | $26.4M | $25.3M | $35.4M | $8.1M | — | View 990 |
| 2017 | $24.9M | $24.7M | $36.4M | $8.3M | — | View 990 |
| 2016 | $26.9M | $23.4M | $34.6M | $7.2M | — | View 990 |
| 2015 | $24.3M | $22.8M | $31.0M | $7.6M | — | View 990 |
| 2014 | $22.6M | $21.8M | $28.7M | $5.8M | — | View 990 |
| 2013 | $20.2M | $21.0M | $27.6M | $5.8M | — | View 990 |
| 2012 | $21.8M | $20.8M | $27.8M | $6.1M | — | View 990 |
| 2011 | $19.1M | $22.3M | $26.0M | $5.4M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $28.3M, expenses of $27.9M, and assets of $29.8M (revenue +18.6% year-over-year).
- 2022: Revenue of $23.8M, expenses of $27.6M, and assets of $27.2M (revenue +0.4% year-over-year).
- 2021: Revenue of $23.8M, expenses of $26.9M, and assets of $34.0M (revenue +25.5% year-over-year).
- 2020: Revenue of $18.9M, expenses of $21.1M, and assets of $34.7M (revenue -29.8% year-over-year).
- 2019: Revenue of $27.0M, expenses of $25.5M, and assets of $37.8M (revenue +2.1% year-over-year).
- 2018: Revenue of $26.4M, expenses of $25.3M, and assets of $35.4M (revenue +6.1% year-over-year).
- 2017: Revenue of $24.9M, expenses of $24.7M, and assets of $36.4M (revenue -7.6% year-over-year).
- 2016: Revenue of $26.9M, expenses of $23.4M, and assets of $34.6M (revenue +10.9% year-over-year).
- 2015: Revenue of $24.3M, expenses of $22.8M, and assets of $31.0M (revenue +7.3% year-over-year).
- 2014: Revenue of $22.6M, expenses of $21.8M, and assets of $28.7M (revenue +11.8% year-over-year).
- 2013: Revenue of $20.2M, expenses of $21.0M, and assets of $27.6M (revenue -7.3% year-over-year).
- 2012: Revenue of $21.8M, expenses of $20.8M, and assets of $27.8M (revenue +14.1% year-over-year).
- 2011: Revenue of $19.1M, expenses of $22.3M, and assets of $26.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Bricklayers Insurance & Welfare Fund:
Data Sources and Methodology
This transparency report for Bricklayers Insurance & 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.