Food And Beverage Workers Union Local 32 And Emloyers Benefit Fund
EIN: 521391582 · Columbia, MD
| Metric | Value |
|---|---|
| Total Revenue | $555K |
| Total Expenses | $362K |
| Net Assets | $3.8M |
Is Food And Beverage Workers Union Local 32 And Emloyers Benefit Fund Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Food And Beverage Workers Union Local 32 And Emloyers Benefit Fund
Food And Beverage Workers Union Local 32 And Emloyers Benefit Fund (EIN: 521391582) is a nonprofit organization based in Columbia, MD. The organization reported total revenue of $555K and total assets of $3.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Food And Beverage Workers Union Local 32 And Emloyers Benefit Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Food And Beverage Workers Union Local 32 And Emloyers Benefit Fund is a small nonprofit that has been operating for 40 years, with 11 years of IRS 990 filings on record (2010–2020). Revenue has grown at a compound annual rate of -7.4%.
Key Financial Metrics (2020)
From the most recent IRS 990 filing on record:
| Total Revenue | $555K |
| Total Expenses | $362K |
| Surplus / Deficit | +$193K |
| Total Assets | $3.9M |
| Total Liabilities | $109K |
| Net Assets | $3.8M |
| Operating Margin | 34.7% |
| Debt-to-Asset Ratio | 2.8% |
| Months of Reserves | 129.3 months |
Financial Health Grade: A
In 2020, Food And Beverage Workers Union Local 32 And Emloyers Benefit Fund reported a surplus of $193K with revenue exceeding expenses, holds 129.3 months of operating reserves (strong position), has a debt-to-asset ratio of 2.8% (very low leverage).
Financial Trends
Over 11 years of filings (2010–2020), Food And Beverage Workers Union Local 32 And Emloyers Benefit Fund's revenue has declined at a compound annual growth rate (CAGR) of -7.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2020 | -32.4% | -12.6% | +11.9% |
| 2019 | +3.1% | +1.9% | +26.8% |
| 2018 | +38.2% | -11.1% | +3.0% |
| 2017 | +46.9% | +56.9% | +6.2% |
| 2016 | +8.7% | -19.7% | +11.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1986 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Food And Beverage Workers Union Local 32 And Emloyers Benefit Fund 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 Food And Beverage Workers Union Local 32 And Emloyers Benefit Fund 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 (2020)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $193K, with revenue exceeding expenses.
- Debt-to-asset ratio: 2.8%.
Frequently Asked Questions about Food And Beverage Workers Union Local 32 And Emloyers Benefit Fund
Is Food And Beverage Workers Union Local 32 And Emloyers Benefit Fund a legitimate charity?
Food And Beverage Workers Union Local 32 And Emloyers Benefit Fund (EIN: 521391582) is a registered tax-exempt nonprofit based in Maryland. It has 11 years of IRS 990 filings on record. Total revenue: $555K. No red flags identified. Financial health grade: A.
How does Food And Beverage Workers Union Local 32 And Emloyers Benefit Fund spend its money?
Food And Beverage Workers Union Local 32 And Emloyers Benefit Fund reported $555K in total revenue in IRS 990 filings. 11 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Food And Beverage Workers Union Local 32 And Emloyers Benefit Fund tax-deductible?
Food And Beverage Workers Union Local 32 And Emloyers Benefit Fund is registered as a tax-exempt nonprofit (EIN: 521391582). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Food And Beverage Workers Union Local 32 And Emloyers Benefit Fund located?
Food And Beverage Workers Union Local 32 And Emloyers Benefit Fund is headquartered in Columbia, Maryland and files with the IRS under EIN 521391582.
How many years of IRS 990 filings does Food And Beverage Workers Union Local 32 And Emloyers Benefit Fund have?
Food And Beverage Workers Union Local 32 And Emloyers Benefit Fund has 11 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 $555K in total revenue.
Filing History
IRS 990 filing history for Food And Beverage Workers Union Local 32 And Emloyers Benefit Fund showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2010–2020), Food And Beverage Workers Union Local 32 And Emloyers Benefit Fund's revenue has declined by 53.7%, moving from $1.2M to $555K. Total assets increased by 94.6% over the same period, from $2.0M to $3.9M. Total functional expenses fell by 59%, from $885K to $362K. In its most recent filing year (2020), Food And Beverage Workers Union Local 32 And Emloyers Benefit Fund reported a surplus of $193K, with revenue exceeding expenses. The organization holds $109K in liabilities against $3.9M in assets (debt-to-asset ratio: 2.8%), resulting in net assets of $3.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2020 | $555K | $362K | $3.9M | $109K | — | — |
| 2019 | $821K | $414K | $3.5M | $86K | — | — |
| 2018 | $796K | $406K | $2.8M | $5K | — | View 990 |
| 2017 | $576K | $457K | $2.7M | $18K | — | View 990 |
| 2016 | $392K | $291K | $2.5M | $121K | — | View 990 |
| 2015 | $361K | $363K | $2.3M | $45K | — | View 990 |
| 2014 | $278K | $273K | $2.3M | $22K | — | View 990 |
| 2013 | $697K | $967K | $2.3M | $12K | — | View 990 |
| 2012 | $1.2M | $935K | $2.6M | $1K | — | View 990 |
| 2011 | $1.2M | $915K | $2.3M | $7K | — | View 990 |
| 2010 | $1.2M | $885K | $2.0M | $9K | — | View 990 |
Year-by-Year Financial Summary
- 2020: Revenue of $555K, expenses of $362K, and assets of $3.9M (revenue -32.4% year-over-year).
- 2019: Revenue of $821K, expenses of $414K, and assets of $3.5M (revenue +3.1% year-over-year).
- 2018: Revenue of $796K, expenses of $406K, and assets of $2.8M (revenue +38.2% year-over-year).
- 2017: Revenue of $576K, expenses of $457K, and assets of $2.7M (revenue +46.9% year-over-year).
- 2016: Revenue of $392K, expenses of $291K, and assets of $2.5M (revenue +8.7% year-over-year).
- 2015: Revenue of $361K, expenses of $363K, and assets of $2.3M (revenue +29.8% year-over-year).
- 2014: Revenue of $278K, expenses of $273K, and assets of $2.3M (revenue -60.1% year-over-year).
- 2013: Revenue of $697K, expenses of $967K, and assets of $2.3M (revenue -42.5% year-over-year).
- 2012: Revenue of $1.2M, expenses of $935K, and assets of $2.6M (revenue +1.2% year-over-year).
- 2011: Revenue of $1.2M, expenses of $915K, and assets of $2.3M (revenue -0.2% year-over-year).
- 2010: Revenue of $1.2M, expenses of $885K, and assets of $2.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Food And Beverage Workers Union Local 32 And Emloyers Benefit Fund:
Data Sources and Methodology
This transparency report for Food And Beverage Workers Union Local 32 And Emloyers Benefit 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.