Engineers Union Welfare Fund 68
Engineers Union Welfare Fund 68: Stable Revenue, High Program Spending
EIN: 221550500 · West Caldwell, NJ · Updated: 2026-04-04
About Engineers Union Welfare Fund 68
Engineers Union Welfare Fund 68 (EIN: 221550500) is a nonprofit organization based in West Caldwell, NJ. The organization reported total revenue of $86.3M and total assets of $97.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Engineers Union Welfare Fund 68's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Engineers Union Welfare Fund 68 with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 3%
- programs: 94%
- fundraising: 3%
According to IRS 990 filings, Engineers Union Welfare Fund 68 allocates its expenses as follows: admin: 3%, programs: 94%, fundraising: 3%. With 94% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Executive compensation information is not provided in the given data, preventing an assessment of its reasonableness or alignment with organizational goals.
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 Engineers Union Welfare Fund 68's IRS 990 filings:
- Lack of specific executive compensation data makes it impossible to assess potential overpayment or underpayment relative to the organization's size and mission.
Strengths
The following positive indicators were identified for Engineers Union Welfare Fund 68:
- Consistently high program spending (e.g., 94% in 2023) indicates a strong commitment to its welfare mission.
- Stable revenue streams over several years suggest financial resilience and consistent support for its beneficiaries.
- Low administrative and fundraising percentages demonstrate efficient operations and effective resource allocation.
Frequently Asked Questions about Engineers Union Welfare Fund 68
What does Engineers Union Welfare Fund 68 do?
Engineers Union Welfare Fund 68 is a nonprofit organization in the Unknown sector, located in West Caldwell, New Jersey. It is classified under NTEE code Unknown.
How much revenue does Engineers Union Welfare Fund 68 have?
Engineers Union Welfare Fund 68 reported total revenue of $86,342,190. Based on 13 IRS 990 filings on record.
What are Engineers Union Welfare Fund 68's total assets?
Engineers Union Welfare Fund 68 holds total assets of $97,063,434 as reported in IRS 990 filings.
Where is Engineers Union Welfare Fund 68 located?
Engineers Union Welfare Fund 68 is based in West Caldwell, New Jersey.
What is Engineers Union Welfare Fund 68's EIN?
Engineers Union Welfare Fund 68's Employer Identification Number (EIN) is 221550500. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Engineers Union Welfare Fund 68?
Engineers Union Welfare Fund 68 is classified under NTEE code Unknown (Unknown).
Is Engineers Union Welfare Fund 68 a registered 501(c)(3)?
Engineers Union Welfare Fund 68 appears in IRS records (EIN: 221550500). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Engineers Union Welfare Fund 68 file IRS Form 990?
Yes, Engineers Union Welfare Fund 68 has 13 IRS Form 990 filings on record. The most recent covers tax period 202306.
What was Engineers Union Welfare Fund 68's revenue in 2023?
In the 202306 filing period, Engineers Union Welfare Fund 68 reported total revenue of $51,049,697, total expenses of $47,914,106, and net assets of $85,498,966.
Is Engineers Union Welfare Fund 68's revenue growing or declining?
Engineers Union Welfare Fund 68's revenue is relatively stable. Revenue went from $52,244,589 (202206) to $51,049,697 (202306), a -2.3% change. Based on 13 filings on record.
What is Engineers Union Welfare Fund 68's most recent 990 filing?
The most recent IRS Form 990 filing for Engineers Union Welfare Fund 68 covers tax period 202306. It shows revenue of $51,049,697, expenses of $47,914,106, total assets of $85,498,966, and liabilities of $975,555.
How much does Engineers Union Welfare Fund 68 spend on programs vs administration?
Based on IRS 990 analysis, Engineers Union Welfare Fund 68 allocates approximately 94% of expenses to program services, 3% to administrative costs, and 3% to fundraising. This indicates strong program focus.
Is Engineers Union Welfare Fund 68 a trustworthy charity?
Based on AI analysis of IRS 990 data, Engineers Union Welfare Fund 68 appears trustworthy. Mission Score: 75/100 (Good). 1 red flag identified. 3 strengths noted.
What are the red flags for Engineers Union Welfare Fund 68?
The following concerns were identified: Lack of specific executive compensation data makes it impossible to assess potential overpayment or underpayment relative to the organization's size and mission.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Engineers Union Welfare Fund 68's strengths?
Positive indicators for Engineers Union Welfare Fund 68 include: Consistently high program spending (e.g., 94% in 2023) indicates a strong commitment to its welfare mission.. Stable revenue streams over several years suggest financial resilience and consistent support for its beneficiaries.. Low administrative and fundraising percentages demonstrate efficient operations and effective resource allocation.. These findings are derived from AI analysis of the organization's financial filings.
How does Engineers Union Welfare Fund 68 compensate executives?
Executive compensation information is not provided in the given data, preventing an assessment of its reasonableness or alignment with organizational goals. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the consistent 0% lobbying expenses, how does the organization advocate for its members' welfare interests beyond direct service provision?
Without lobbying, advocacy likely occurs through direct member support, educational initiatives, or collaboration with other union entities, rather than legislative influence.
Filing History
IRS 990 filing history for Engineers Union Welfare Fund 68 showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Engineers Union Welfare Fund 68's revenue has grown by 76.5%, moving from $28.9M to $51.0M. Total assets increased by 95% over the same period, from $43.8M to $85.5M. Total functional expenses rose by 36.8%, from $35.0M to $47.9M. In its most recent filing year (2023), Engineers Union Welfare Fund 68 reported a surplus of $3.1M, with revenue exceeding expenses. The organization holds $976K in liabilities against $85.5M in assets (debt-to-asset ratio: 1.1%), resulting in net assets of $84.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $51.0M | $47.9M | $85.5M | $976K | — | View 990 |
| 2022 | $52.2M | $49.8M | $75.9M | $503K | — | View 990 |
| 2021 | $51.4M | $46.3M | $91.1M | $652K | — | View 990 |
| 2020 | $45.7M | $41.5M | $74.0M | $660K | — | — |
| 2019 | $47.2M | $43.2M | $71.3M | $659K | — | — |
| 2018 | $41.2M | $44.0M | $65.9M | $461K | — | View 990 |
| 2017 | $38.8M | $38.2M | $12.9M | $377K | — | View 990 |
| 2016 | $35.4M | $40.0M | $12.3M | $361K | — | View 990 |
| 2015 | $34.1M | $41.3M | $16.7M | $500K | — | View 990 |
| 2014 | $33.4M | $39.5M | $26.3M | $1.8M | — | View 990 |
| 2013 | $31.9M | $38.7M | $29.8M | $120K | — | View 990 |
| 2012 | $29.1M | $34.7M | $37.4M | $206K | — | View 990 |
| 2011 | $28.9M | $35.0M | $43.8M | $152K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $51.0M, expenses of $47.9M, and assets of $85.5M (revenue -2.3% year-over-year).
- 2022: Revenue of $52.2M, expenses of $49.8M, and assets of $75.9M (revenue +1.7% year-over-year).
- 2021: Revenue of $51.4M, expenses of $46.3M, and assets of $91.1M (revenue +12.3% year-over-year).
- 2020: Revenue of $45.7M, expenses of $41.5M, and assets of $74.0M (revenue -3.1% year-over-year).
- 2019: Revenue of $47.2M, expenses of $43.2M, and assets of $71.3M (revenue +14.7% year-over-year).
- 2018: Revenue of $41.2M, expenses of $44.0M, and assets of $65.9M (revenue +6.0% year-over-year).
- 2017: Revenue of $38.8M, expenses of $38.2M, and assets of $12.9M (revenue +9.5% year-over-year).
- 2016: Revenue of $35.4M, expenses of $40.0M, and assets of $12.3M (revenue +3.9% year-over-year).
- 2015: Revenue of $34.1M, expenses of $41.3M, and assets of $16.7M (revenue +2.1% year-over-year).
- 2014: Revenue of $33.4M, expenses of $39.5M, and assets of $26.3M (revenue +4.7% year-over-year).
- 2013: Revenue of $31.9M, expenses of $38.7M, and assets of $29.8M (revenue +9.8% year-over-year).
- 2012: Revenue of $29.1M, expenses of $34.7M, and assets of $37.4M (revenue +0.5% year-over-year).
- 2011: Revenue of $28.9M, expenses of $35.0M, and assets of $43.8M.
Data Sources and Methodology
This transparency report for Engineers Union Welfare Fund 68 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.