I B E W Local 1249 Insurance Fund
IBEW Local 1249 Insurance Fund shows strong financial growth and consistent surpluses over the last decade.
EIN: 156025162 · Cicero, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $82.5M |
| Total Expenses | $58.5M |
| Program Spending | 95% |
| Net Assets | $123.9M |
| Transparency Score | 90/100 |
Is I B E W Local 1249 Insurance Fund Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
I B E W Local 1249 Insurance Fund directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About I B E W Local 1249 Insurance Fund
I B E W Local 1249 Insurance Fund (EIN: 156025162) is a nonprofit organization based in Cicero, NY. The organization reported total revenue of $82.5M and total assets of $134.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of I B E W Local 1249 Insurance Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
I B E W Local 1249 Insurance Fund is a major nonprofit that has been operating for 60 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 9.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $67.5M |
| Total Expenses | $58.5M |
| Surplus / Deficit | +$9.0M |
| Total Assets | $125.1M |
| Total Liabilities | $1.2M |
| Net Assets | $123.9M |
| Operating Margin | 13.4% |
| Debt-to-Asset Ratio | 1.0% |
| Months of Reserves | 25.7 months |
Financial Health Grade: A
In 2023, I B E W Local 1249 Insurance Fund reported a surplus of $9.0M with revenue exceeding expenses, holds 25.7 months of operating reserves (strong position), has a debt-to-asset ratio of 1.0% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), I B E W Local 1249 Insurance Fund's revenue has grown at a compound annual growth rate (CAGR) of 9.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +12.3% | +13.4% | +11.6% |
| 2022 | +2.3% | +22.0% | -1.9% |
| 2021 | +15.6% | +18.3% | +20.4% |
| 2020 | +12.8% | -7.3% | +33.2% |
| 2019 | +18.2% | +40.8% | +17.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1966 |
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 I B E W Local 1249 Insurance Fund with a Mission Score of 90 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: 5%
- programs: 95%
- fundraising: 0%
According to IRS 990 filings, I B E W Local 1249 Insurance Fund allocates its expenses as follows: admin: 5%, programs: 95%, fundraising: 0%. With 95% 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 $9.0M, with revenue exceeding expenses.
- Debt-to-asset ratio: 1.0%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries or other forms of compensation are paid to its officers, which is highly unusual for an organization of this size and asset base, suggesting a volunteer leadership or compensation handled through other entities.
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 I B E W Local 1249 Insurance Fund's IRS 990 filings:
- Lack of detailed NTEE code makes precise categorization difficult
- Unusually low liabilities relative to assets could indicate specific accounting practices or a very conservative financial approach
- No reported officer compensation for an organization of this scale is atypical and might suggest compensation is handled indirectly or through a related entity, which could obscure a full picture of executive costs.
Strengths
The following positive indicators were identified for I B E W Local 1249 Insurance Fund:
- Consistent and significant revenue growth over the past decade, from $26.9M in 2014 to $67.5M in 2023.
- Strong asset growth, increasing from $45.2M in 2014 to $125.1M in 2023, indicating robust financial management.
- Healthy financial surpluses reported annually, demonstrating sustainability (e.g., $67.5M revenue vs. $58.5M expenses in 2023).
- Extremely low liabilities relative to assets, suggesting a very stable financial position.
- No reported officer compensation, which can be interpreted as a high degree of efficiency and dedication to the fund's purpose.
Frequently Asked Questions about I B E W Local 1249 Insurance Fund
Is I B E W Local 1249 Insurance Fund a legitimate charity?
I B E W Local 1249 Insurance Fund (EIN: 156025162) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 90/100. It has 13 years of IRS 990 filings on record. Total revenue: $82.5M. 3 red flags identified. 5 strengths noted. Financial health grade: A.
How does I B E W Local 1249 Insurance Fund spend its money?
I B E W Local 1249 Insurance Fund directs 95% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to I B E W Local 1249 Insurance Fund tax-deductible?
I B E W Local 1249 Insurance Fund is registered as a tax-exempt nonprofit (EIN: 156025162). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is I B E W Local 1249 Insurance Fund located?
I B E W Local 1249 Insurance Fund is headquartered in Cicero, New York and files with the IRS under EIN 156025162.
How many years of IRS 990 filings does I B E W Local 1249 Insurance Fund have?
I B E W Local 1249 Insurance Fund has 13 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 $82.5M in total revenue.
Is I B E W Local 1249 Insurance Fund a good charity?
Based on its financial health, consistent growth, and the absence of officer compensation, the fund appears to be very well-managed. Its primary purpose as an insurance fund means its 'charitable' impact is in providing benefits to its members, which it seems to do effectively and sustainably.
How has the organization's financial health changed over time?
The organization has demonstrated exceptional financial growth, with revenue increasing from $26,975,605 in 2014 to $67,546,719 in 2023, and assets growing from $45,233,639 to $125,107,279 over the same period. This indicates strong and consistent financial health.
What is the significance of 0% officer compensation?
The 0% officer compensation is highly significant for an organization with over $125 million in assets. It suggests that leadership may be entirely volunteer-based or compensated through a related entity, which can be a positive indicator of dedication and efficiency, but also warrants further inquiry for full transparency.
Filing History
IRS 990 filing history for I B E W Local 1249 Insurance Fund showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), I B E W Local 1249 Insurance Fund's revenue has grown by 181%, moving from $24.0M to $67.5M. Total assets increased by 342.2% over the same period, from $28.3M to $125.1M. Total functional expenses rose by 172%, from $21.5M to $58.5M. In its most recent filing year (2023), I B E W Local 1249 Insurance Fund reported a surplus of $9.0M, with revenue exceeding expenses. The organization holds $1.2M in liabilities against $125.1M in assets (debt-to-asset ratio: 1.0%), resulting in net assets of $123.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $67.5M | $58.5M | $125.1M | $1.2M | — | — |
| 2022 | $60.1M | $51.6M | $112.1M | $3.2M | — | View 990 |
| 2021 | $58.8M | $42.3M | $114.2M | $2.3M | — | View 990 |
| 2020 | $50.8M | $35.8M | $94.8M | $2.3M | — | — |
| 2019 | $45.1M | $38.6M | $71.2M | $1.7M | — | View 990 |
| 2018 | $38.1M | $27.4M | $60.6M | $1.1M | — | View 990 |
| 2017 | $30.8M | $26.7M | $50.6M | $657K | — | — |
| 2016 | $26.1M | $29.1M | $45.0M | $602K | — | View 990 |
| 2015 | $26.6M | $23.1M | $47.9M | $636K | — | View 990 |
| 2014 | $27.0M | $25.0M | $45.2M | $362K | — | View 990 |
| 2013 | $29.9M | $23.3M | $43.4M | $398K | — | View 990 |
| 2012 | $28.8M | $21.7M | $36.8M | $898K | — | View 990 |
| 2011 | $24.0M | $21.5M | $28.3M | $9.5M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $67.5M, expenses of $58.5M, and assets of $125.1M (revenue +12.3% year-over-year).
- 2022: Revenue of $60.1M, expenses of $51.6M, and assets of $112.1M (revenue +2.3% year-over-year).
- 2021: Revenue of $58.8M, expenses of $42.3M, and assets of $114.2M (revenue +15.6% year-over-year).
- 2020: Revenue of $50.8M, expenses of $35.8M, and assets of $94.8M (revenue +12.8% year-over-year).
- 2019: Revenue of $45.1M, expenses of $38.6M, and assets of $71.2M (revenue +18.2% year-over-year).
- 2018: Revenue of $38.1M, expenses of $27.4M, and assets of $60.6M (revenue +24.0% year-over-year).
- 2017: Revenue of $30.8M, expenses of $26.7M, and assets of $50.6M (revenue +17.9% year-over-year).
- 2016: Revenue of $26.1M, expenses of $29.1M, and assets of $45.0M (revenue -2.0% year-over-year).
- 2015: Revenue of $26.6M, expenses of $23.1M, and assets of $47.9M (revenue -1.2% year-over-year).
- 2014: Revenue of $27.0M, expenses of $25.0M, and assets of $45.2M (revenue -9.7% year-over-year).
- 2013: Revenue of $29.9M, expenses of $23.3M, and assets of $43.4M (revenue +3.8% year-over-year).
- 2012: Revenue of $28.8M, expenses of $21.7M, and assets of $36.8M (revenue +19.7% year-over-year).
- 2011: Revenue of $24.0M, expenses of $21.5M, and assets of $28.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for I B E W Local 1249 Insurance Fund:
Data Sources and Methodology
This transparency report for I B E W Local 1249 Insurance 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.