Cement Masons Union Local 502
EIN: 362487783 · Bellwood, IL
Is Cement Masons Union Local 502 Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Cement Masons Union Local 502
Cement Masons Union Local 502 (EIN: 362487783) is a nonprofit organization based in Bellwood, IL. The organization reported total revenue of $2.2M and total assets of $6.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Cement Masons Union Local 502's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Cement Masons Union Local 502 is a mid-size nonprofit that has been operating for 53 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 19.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.2M |
| Total Expenses | $1.9M |
| Surplus / Deficit | +$295K |
| Total Assets | $6.6M |
| Total Liabilities | $259K |
| Net Assets | $6.4M |
| Operating Margin | 13.2% |
| Debt-to-Asset Ratio | 3.9% |
| Months of Reserves | 41.1 months |
Financial Health Grade: A
In 2023, Cement Masons Union Local 502 reported a surplus of $295K with revenue exceeding expenses, holds 41.1 months of operating reserves (strong position), has a debt-to-asset ratio of 3.9% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Cement Masons Union Local 502's revenue has grown at a compound annual growth rate (CAGR) of 19.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +18.5% | +31.4% | +11.4% |
| 2022 | -0.1% | +19.9% | -3.9% |
| 2021 | -6.5% | -18.9% | +11.0% |
| 2020 | -10.3% | -4.2% | +14.0% |
| 2019 | +12.5% | +27.7% | +22.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 3000 |
| IRS Ruling Date | 1973 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Cement Masons Union Local 502 has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Cement Masons Union Local 502 with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $295K, with revenue exceeding expenses.
- Debt-to-asset ratio: 3.9%.
Frequently Asked Questions about Cement Masons Union Local 502
Is Cement Masons Union Local 502 a legitimate charity?
Based on AI analysis of IRS 990 filings, Cement Masons Union Local 502 (EIN: 362487783) insufficient data. 0 red flags identified, 0 strengths noted.
How does Cement Masons Union Local 502 spend its money?
Detailed spending breakdown data is not yet available for Cement Masons Union Local 502. Check back for updated IRS 990 analysis.
Are donations to Cement Masons Union Local 502 tax-deductible?
Cement Masons Union Local 502 is registered as a tax-exempt nonprofit (EIN: 362487783). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Filing History
IRS 990 filing history for Cement Masons Union Local 502 showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Cement Masons Union Local 502's revenue has grown by 771.1%, moving from $257K to $2.2M. Total assets increased by 1705.8% over the same period, from $368K to $6.6M. Total functional expenses rose by 533.4%, from $306K to $1.9M. In its most recent filing year (2023), Cement Masons Union Local 502 reported a surplus of $295K, with revenue exceeding expenses. The organization holds $259K in liabilities against $6.6M in assets (debt-to-asset ratio: 3.9%), resulting in net assets of $6.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.2M | $1.9M | $6.6M | $259K | — | View 990 |
| 2022 | $1.9M | $1.5M | $6.0M | $246K | — | — |
| 2021 | $1.9M | $1.2M | $6.2M | $237K | — | View 990 |
| 2020 | $2.0M | $1.5M | $5.6M | $404K | — | — |
| 2019 | $2.3M | $1.6M | $4.9M | $346K | — | — |
| 2018 | $2.0M | $1.2M | $4.0M | $112K | — | View 990 |
| 2017 | $1.5M | $715K | $3.2M | $73K | — | — |
| 2016 | $1.1M | $600K | $2.5M | $133K | — | View 990 |
| 2015 | $960K | $474K | $2.0M | $139K | — | View 990 |
| 2014 | $614K | $316K | $1.6M | $204K | — | View 990 |
| 2013 | $480K | $278K | $838K | $22K | — | View 990 |
| 2012 | $358K | $236K | $655K | $42K | — | View 990 |
| 2011 | $257K | $306K | $368K | $31K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.2M, expenses of $1.9M, and assets of $6.6M (revenue +18.5% year-over-year).
- 2022: Revenue of $1.9M, expenses of $1.5M, and assets of $6.0M (revenue -0.1% year-over-year).
- 2021: Revenue of $1.9M, expenses of $1.2M, and assets of $6.2M (revenue -6.5% year-over-year).
- 2020: Revenue of $2.0M, expenses of $1.5M, and assets of $5.6M (revenue -10.3% year-over-year).
- 2019: Revenue of $2.3M, expenses of $1.6M, and assets of $4.9M (revenue +12.5% year-over-year).
- 2018: Revenue of $2.0M, expenses of $1.2M, and assets of $4.0M (revenue +34.2% year-over-year).
- 2017: Revenue of $1.5M, expenses of $715K, and assets of $3.2M (revenue +33.8% year-over-year).
- 2016: Revenue of $1.1M, expenses of $600K, and assets of $2.5M (revenue +16.0% year-over-year).
- 2015: Revenue of $960K, expenses of $474K, and assets of $2.0M (revenue +56.5% year-over-year).
- 2014: Revenue of $614K, expenses of $316K, and assets of $1.6M (revenue +27.9% year-over-year).
- 2013: Revenue of $480K, expenses of $278K, and assets of $838K (revenue +34.1% year-over-year).
- 2012: Revenue of $358K, expenses of $236K, and assets of $655K (revenue +39.4% year-over-year).
- 2011: Revenue of $257K, expenses of $306K, and assets of $368K.
Data Sources and Methodology
This transparency report for Cement Masons Union Local 502 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.