Engineers Union Welfare Fund 68

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Engineers Union Welfare Fund 68 Form 990, Revenue, CEO Pay, and IRS Filing Signals

Engineers Union Welfare Fund 68 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 Engineers Union Welfare Fund 68 in one place.

Is Engineers Union Welfare Fund 68 Legit?

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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

Across stored filings, Engineers Union Welfare Fund 68 shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.

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Engineers Union Welfare Fund 68 directs 94% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

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.

Organization Overview

Engineers Union Welfare Fund 68 is a major nonprofit that has been operating for 73 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.8%.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

Financial Health Grade: A

In 2023, Engineers Union Welfare Fund 68 reported a surplus of $3.1M with revenue exceeding expenses, holds 21.4 months of operating reserves (strong position), has a debt-to-asset ratio of 1.1% (very low leverage).

Financial Trends

Over 13 years of filings (2011–2023), Engineers Union Welfare Fund 68's revenue has grown at a compound annual growth rate (CAGR) of 4.8%.

IRS Tax-Exempt Classification

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 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.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

• The organization reported a surplus of $3.1M, with revenue exceeding expenses.
• Debt-to-asset ratio: 1.1%.

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

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-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.

View Individual Filing Years

Explore detailed financial data from each IRS 990 filing year for Engineers Union Welfare Fund 68:

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.