Bricklayers Local 8 Welfare Fund

Bricklayers Local 8 Welfare Fund maintains stable finances with consistent asset growth and no reported officer compensation.

EIN: 166058900 · Ithaca, NY · Updated: 2026-03-28

$3.0MRevenue

$2.5MAssets

95/100Mission Score (Excellent)

About Bricklayers Local 8 Welfare Fund

Bricklayers Local 8 Welfare Fund (EIN: 166058900) is a nonprofit organization based in Ithaca, NY. The organization reported total revenue of $3.0M and total assets of $2.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Bricklayers Local 8 Welfare Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

The Bricklayers Local 8 Welfare Fund appears to be a financially stable organization, consistently managing its expenses within its revenue streams over the past decade. For instance, in the 202304 period, the fund reported revenues of $1,698,382 against expenses of $1,665,913, indicating sound financial management. Its assets have shown steady growth, increasing from $1,939,010 in 201704 to $2,541,659 in 202304, demonstrating a healthy accumulation of reserves. The organization's liabilities remain consistently low relative to its assets, suggesting a strong balance sheet and minimal financial risk. The consistent reporting of 0% officer compensation across all available filings indicates a high degree of transparency regarding executive pay, which is a positive indicator for a welfare fund.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Bricklayers Local 8 Welfare Fund with a Mission Score of 95 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: 90%
fundraising: 0%

According to IRS 990 filings, Bricklayers Local 8 Welfare Fund allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Executive compensation is reported as 0% across all available filings, indicating that no officers receive compensation from the fund, which is highly favorable for a welfare fund of this size.

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 Bricklayers Local 8 Welfare Fund:

Consistent financial stability with revenues generally exceeding expenses.
Healthy and growing asset base, increasing from $1,939,010 in 201704 to $2,541,659 in 202304.
Zero reported officer compensation, indicating high efficiency and dedication of resources to the fund's purpose.
Low liabilities relative to assets, suggesting strong financial health and minimal risk.
Consistent filing history demonstrating transparency and accountability.

Frequently Asked Questions about Bricklayers Local 8 Welfare Fund

Is Bricklayers Local 8 Welfare Fund financially stable?

Yes, the fund demonstrates strong financial stability with consistent revenue covering expenses and growing assets. For example, in 202304, revenue was $1,698,382 and expenses were $1,665,913, with assets at $2,541,659.

How does the fund manage executive compensation?

The fund reports 0% officer compensation across all available filings, indicating that no officers are paid by the fund, which is a strong positive for transparency and resource allocation.

Are the fund's assets growing over time?

Yes, the fund's assets have shown consistent growth, increasing from $1,939,010 in 201704 to $2,541,659 in 202304.

Filing History

IRS 990 filing history for Bricklayers Local 8 Welfare Fund showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Bricklayers Local 8 Welfare Fund's revenue has grown by 58%, moving from $1.1M to $1.7M. Total assets increased by 14.3% over the same period, from $2.2M to $2.5M. Total functional expenses rose by 51.2%, from $1.1M to $1.7M. In its most recent filing year (2023), Bricklayers Local 8 Welfare Fund reported a surplus of $32K, with revenue exceeding expenses. The organization holds $84K in liabilities against $2.5M in assets (debt-to-asset ratio: 3.3%), resulting in net assets of $2.5M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$1.7M	$1.7M	$2.5M	$84K	—	View 990
2022	$1.6M	$1.5M	$2.5M	$61K	—	View 990
2021	$1.4M	$1.5M	$2.6M	$71K	—	—
2020	$1.6M	$1.4M	$2.5M	$47K	—	—
2019	$1.5M	$1.4M	$2.4M	$68K	—	View 990
2018	$1.6M	$1.4M	$2.1M	$54K	—	View 990
2017	$1.3M	$1.2M	$1.9M	$64K	—	View 990
2016	$1.1M	$1.3M	$1.8M	$45K	—	View 990
2015	$1.2M	$1.3M	$2.0M	$59K	—	View 990
2014	$1.3M	$1.2M	$2.1M	$59K	—	View 990
2013	$1.0M	$1.2M	$2.0M	$46K	—	View 990
2012	$1.1M	$1.1M	$2.2M	$25K	—	View 990
2011	$1.1M	$1.1M	$2.2M	$50K	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $1.7M, expenses of $1.7M, and assets of $2.5M (revenue +4.1% year-over-year).
2022: Revenue of $1.6M, expenses of $1.5M, and assets of $2.5M (revenue +17.7% year-over-year).
2021: Revenue of $1.4M, expenses of $1.5M, and assets of $2.6M (revenue -12.1% year-over-year).
2020: Revenue of $1.6M, expenses of $1.4M, and assets of $2.5M (revenue +2.6% year-over-year).
2019: Revenue of $1.5M, expenses of $1.4M, and assets of $2.4M (revenue -1.6% year-over-year).
2018: Revenue of $1.6M, expenses of $1.4M, and assets of $2.1M (revenue +20.2% year-over-year).
2017: Revenue of $1.3M, expenses of $1.2M, and assets of $1.9M (revenue +17.1% year-over-year).
2016: Revenue of $1.1M, expenses of $1.3M, and assets of $1.8M (revenue -9.5% year-over-year).
2015: Revenue of $1.2M, expenses of $1.3M, and assets of $2.0M (revenue -4.7% year-over-year).
2014: Revenue of $1.3M, expenses of $1.2M, and assets of $2.1M (revenue +25.2% year-over-year).
2013: Revenue of $1.0M, expenses of $1.2M, and assets of $2.0M (revenue -5.3% year-over-year).
2012: Revenue of $1.1M, expenses of $1.1M, and assets of $2.2M (revenue +1.0% year-over-year).
2011: Revenue of $1.1M, expenses of $1.1M, and assets of $2.2M.

Data Sources and Methodology

This transparency report for Bricklayers Local 8 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.