Ibew Local 1049 Craft Division Skill Improvement Fund
Ibew Local 1049 Craft Division Skill Improvement Fund shows consistent asset growth and zero reported officer compensation over a decade.
EIN: 113078707 · Holtsville, NY · NTEE: B30 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $7.2M |
| Total Expenses | $2.4M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $16 |
| Net Assets | $15.8M |
| Transparency Score | 85/100 |
Search Intent Cockpit
Ibew Local 1049 Craft Division Skill Improvement Fund Form 990, Revenue, CEO Pay, and IRS Filing Signals
Ibew Local 1049 Craft Division Skill Improvement Fund 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 Ibew Local 1049 Craft Division Skill Improvement Fund in one place.
Form 990 Filing Summary
11 filing years are available, with latest revenue of $2.2M and expenses of $2.4M.
Revenue and Expenses
Ibew Local 1049 Craft Division Skill Improvement Fund reported $2.2M in revenue and $2.4M in expenses, a deficit of $205K.
Executive Compensation
Top officer compensation appears as $16 in the stored analysis, with context against revenue and expenses below.
Charity Score and Red Flags
85/100 mission score, 2 red flags, and 5 strengths are shown from structured and AI review.
Is Ibew Local 1049 Craft Division Skill Improvement Fund Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
IRS 990 Data Cockpit
Where the Money Comes From and Where It Goes
Revenue Source Mix
Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
| Program services | $2.2M (90%) |
Across stored filings, Ibew Local 1049 Craft Division Skill Improvement Fund shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
Decision Cockpit
One-Stop Donor, Research, and Peer Context Hub
| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Some Concerns | Good filing record; 2 red flags identified |
| Mission spend | 90% to programs | Excellent |
| Financial durability | Grade B | 11 stored filing years |
| Peer context | Compare with Healthy Capital District Initiative | New York and Education context |
Trust Check
Review legitimacy, deductibility, red flags, and filing consistency.
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Holtsville, NY nonprofitsEducation in New York
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Keep the Investigation Moving
Ibew Local 1049 Craft Division Skill Improvement Fund directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Ibew Local 1049 Craft Division Skill Improvement Fund
Ibew Local 1049 Craft Division Skill Improvement Fund (EIN: 113078707) is a nonprofit organization based in Holtsville, NY, classified under NTEE code B30. The organization reported total revenue of $7.2M and total assets of $16.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Ibew Local 1049 Craft Division Skill Improvement Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Ibew Local 1049 Craft Division Skill Improvement Fund is a mid-size nonprofit that has been operating for 10 years, with 11 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.2M |
| Total Expenses | $2.4M |
| Surplus / Deficit | $-204,804 |
| Total Assets | $16.0M |
| Total Liabilities | $220K |
| Net Assets | $15.8M |
| Operating Margin | -9.2% |
| Debt-to-Asset Ratio | 1.4% |
| Months of Reserves | 78.8 months |
Financial Health Grade: B
In 2023, Ibew Local 1049 Craft Division Skill Improvement Fund reported a deficit of $205K with expenses exceeding revenue, holds 78.8 months of operating reserves (strong position), has a debt-to-asset ratio of 1.4% (very low leverage).
Financial Trends
Over 11 years of filings (2011–2023), Ibew Local 1049 Craft Division Skill Improvement Fund's revenue has grown at a compound annual growth rate (CAGR) of 2.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +14.8% | -0.2% | +6.5% |
| 2022 | -48.8% | -8.2% | -13.7% |
| 2021 | -14.4% | +17.7% | +8.3% |
| 2020 | +44.6% | +8.9% | +19.4% |
| 2019 | -5.4% | -2.5% | +15.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2016 |
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 Ibew Local 1049 Craft Division Skill Improvement Fund with a Mission Score of 85 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: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Ibew Local 1049 Craft Division Skill Improvement Fund allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% 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 deficit of $205K, with expenses exceeding revenue.
- Debt-to-asset ratio: 1.4%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no salaries are paid to officers, which is highly unusual for an organization of this size with assets nearing $16 million.
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 Ibew Local 1049 Craft Division Skill Improvement Fund's IRS 990 filings:
- Lack of detailed functional expense breakdown in provided data, making precise efficiency analysis difficult.
- Consistent reporting of 0% officer compensation for an organization with significant assets and operations, which, while positive for direct program spending, warrants further inquiry into how leadership is compensated or structured.
Strengths
The following positive indicators were identified for Ibew Local 1049 Craft Division Skill Improvement Fund:
- Consistent asset growth over a decade, from $7.4 million in 2012 to $15.9 million in 2023, indicating strong financial management.
- Zero reported officer compensation across all filings, suggesting a very high proportion of funds are directed towards the mission.
- Low liabilities relative to assets, indicating financial stability (e.g., $219,994 liabilities vs. $15,990,107 assets in 2023).
- Long history of IRS 990 filings (11 filings), demonstrating transparency and compliance.
- Generally well-managed expenses, often staying below revenue, contributing to asset accumulation.
Frequently Asked Questions about Ibew Local 1049 Craft Division Skill Improvement Fund
Is Ibew Local 1049 Craft Division Skill Improvement Fund a legitimate charity?
Ibew Local 1049 Craft Division Skill Improvement Fund (EIN: 113078707) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 85/100. It has 11 years of IRS 990 filings on record. Total revenue: $7.2M. 2 red flags identified. 5 strengths noted. Financial health grade: B.
How does Ibew Local 1049 Craft Division Skill Improvement Fund spend its money?
Ibew Local 1049 Craft Division Skill Improvement Fund directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Ibew Local 1049 Craft Division Skill Improvement Fund tax-deductible?
Ibew Local 1049 Craft Division Skill Improvement Fund is registered as a tax-exempt nonprofit (EIN: 113078707). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Ibew Local 1049 Craft Division Skill Improvement Fund CEO make?
Ibew Local 1049 Craft Division Skill Improvement Fund's highest-compensated officer earns $16 annually. The organization reported $7.2M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Ibew Local 1049 Craft Division Skill Improvement Fund compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Ibew Local 1049 Craft Division Skill Improvement Fund is above average for NTEE category B30 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Ibew Local 1049 Craft Division Skill Improvement Fund located?
Ibew Local 1049 Craft Division Skill Improvement Fund is headquartered in Holtsville, New York and files with the IRS under EIN 113078707. It is classified under NTEE code B30.
How many years of IRS 990 filings does Ibew Local 1049 Craft Division Skill Improvement Fund have?
Ibew Local 1049 Craft Division Skill Improvement 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 $7.2M in total revenue.
How does the organization manage to operate with 0% officer compensation?
The consistent reporting of 0% officer compensation across all filings suggests that leadership roles might be voluntary, compensated through other means not classified as officer compensation, or that the fund's operational structure relies heavily on external or union-provided administrative support.
What are the specific 'skill improvement' programs funded by this organization?
The provided data does not detail the specific skill improvement programs. Further investigation into the full IRS 990 forms or the organization's website would be necessary to understand the nature and scope of these programs.
What is the primary source of the organization's revenue?
The NTEE code B30 (Labor Unions and Auxiliaries) suggests that revenue likely comes from union dues, contributions from members, or potentially grants related to workforce development. The provided data does not specify revenue sources.
Why did expenses exceed revenue in 2022 and 2023?
In 2022, expenses ($2,440,045) exceeded revenue ($1,941,838), and similarly in 2023, expenses ($2,434,131) exceeded revenue ($2,229,327). This could be due to strategic spending from accumulated reserves, increased program costs, or temporary dips in funding. Despite this, assets remained robust.
Filing History
IRS 990 filing history for Ibew Local 1049 Craft Division Skill Improvement Fund showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2011–2023), Ibew Local 1049 Craft Division Skill Improvement Fund's revenue has grown by 28%, moving from $1.7M to $2.2M. Total assets increased by 195% over the same period, from $5.4M to $16.0M. Total functional expenses rose by 257%, from $682K to $2.4M. In its most recent filing year (2023), Ibew Local 1049 Craft Division Skill Improvement Fund reported a deficit of $205K, with expenses exceeding revenue. The organization holds $220K in liabilities against $16.0M in assets (debt-to-asset ratio: 1.4%), resulting in net assets of $15.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.2M | $2.4M | $16.0M | $220K | — | — |
| 2022 | $1.9M | $2.4M | $15.0M | $181K | — | View 990 |
| 2021 | $3.8M | $2.7M | $17.4M | $349K | — | View 990 |
| 2020 | $4.4M | $2.3M | $16.1M | $215K | — | View 990 |
| 2019 | $3.1M | $2.1M | $13.5M | $151K | — | View 990 |
| 2018 | $3.2M | $2.1M | $11.7M | $147K | — | View 990 |
| 2017 | $3.1M | $1.7M | $11.3M | $131K | — | View 990 |
| 2016 | $2.1M | $1.3M | $9.6M | $126K | — | View 990 |
| 2015 | $1.2M | $939K | $8.4M | $72K | — | View 990 |
| 2012 | $2.5M | $673K | $7.4M | $36K | — | View 990 |
| 2011 | $1.7M | $682K | $5.4M | $38K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.2M, expenses of $2.4M, and assets of $16.0M (revenue +14.8% year-over-year).
- 2022: Revenue of $1.9M, expenses of $2.4M, and assets of $15.0M (revenue -48.8% year-over-year).
- 2021: Revenue of $3.8M, expenses of $2.7M, and assets of $17.4M (revenue -14.4% year-over-year).
- 2020: Revenue of $4.4M, expenses of $2.3M, and assets of $16.1M (revenue +44.6% year-over-year).
- 2019: Revenue of $3.1M, expenses of $2.1M, and assets of $13.5M (revenue -5.4% year-over-year).
- 2018: Revenue of $3.2M, expenses of $2.1M, and assets of $11.7M (revenue +5.9% year-over-year).
- 2017: Revenue of $3.1M, expenses of $1.7M, and assets of $11.3M (revenue +47.4% year-over-year).
- 2016: Revenue of $2.1M, expenses of $1.3M, and assets of $9.6M (revenue +68.3% year-over-year).
- 2015: Revenue of $1.2M, expenses of $939K, and assets of $8.4M (revenue -50.5% year-over-year).
- 2012: Revenue of $2.5M, expenses of $673K, and assets of $7.4M (revenue +43.2% year-over-year).
- 2011: Revenue of $1.7M, expenses of $682K, and assets of $5.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Ibew Local 1049 Craft Division Skill Improvement Fund:
Data Sources and Methodology
This transparency report for Ibew Local 1049 Craft Division Skill Improvement 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.