Ibew Local 196 Neca Safety And Education Trust Fund
Ibew Local 196 Neca Safety And Education Trust Fund shows consistent financial growth with zero officer compensation.
EIN: 200793626 · Genoa, IL · NTEE: J40 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.5M |
| Total Expenses | $1.3M |
| Program Spending | 90% |
| Net Assets | $3.6M |
| Transparency Score | 95/100 |
Is Ibew Local 196 Neca Safety And Education Trust Fund Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Ibew Local 196 Neca Safety And Education Trust Fund directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Ibew Local 196 Neca Safety And Education Trust Fund
Ibew Local 196 Neca Safety And Education Trust Fund (EIN: 200793626) is a nonprofit organization based in Genoa, IL, classified under NTEE code J40. The organization reported total revenue of $1.5M and total assets of $4.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Ibew Local 196 Neca Safety And Education Trust Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Ibew Local 196 Neca Safety And Education Trust Fund is a mid-size nonprofit that has been operating for 21 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 23.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.6M |
| Total Expenses | $1.3M |
| Surplus / Deficit | +$374K |
| Total Assets | $4.0M |
| Total Liabilities | $463K |
| Net Assets | $3.6M |
| Operating Margin | 22.8% |
| Debt-to-Asset Ratio | 11.5% |
| Months of Reserves | 38.0 months |
Financial Health Grade: A
In 2023, Ibew Local 196 Neca Safety And Education Trust Fund reported a surplus of $374K with revenue exceeding expenses, holds 38.0 months of operating reserves (strong position), has a debt-to-asset ratio of 11.5% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Ibew Local 196 Neca Safety And Education Trust Fund's revenue has grown at a compound annual growth rate (CAGR) of 23.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +39.1% | +39.6% | +5.4% |
| 2022 | +4.8% | +60.2% | +11.6% |
| 2021 | +36.3% | +192.6% | +45.1% |
| 2020 | +92.2% | +98.9% | +33.7% |
| 2019 | +2.6% | -68.0% | +27.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 3000 |
| IRS Ruling Date | 2005 |
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 196 Neca Safety And Education Trust Fund with a Mission Score of 95 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 196 Neca Safety And Education Trust 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 surplus of $374K, with revenue exceeding expenses.
- Debt-to-asset ratio: 11.5%.
Executive Compensation Analysis
Executive compensation is 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 and suggests a strong commitment to program spending.
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 196 Neca Safety And Education Trust Fund's IRS 990 filings:
- Lack of detailed expense breakdown in provided data makes it difficult to precisely categorize program vs. administrative spending beyond officer compensation.
Strengths
The following positive indicators were identified for Ibew Local 196 Neca Safety And Education Trust Fund:
- Consistent and significant revenue growth, from $250,658 in 2014 to $1,640,896 in 2023.
- Strong asset accumulation, with assets growing from $585,844 in 2014 to $4,014,186 in 2023.
- Zero officer compensation reported across all filings, indicating high dedication to mission.
- Expenses consistently lower than revenue, leading to healthy surpluses and financial stability.
- Low liabilities relative to assets, suggesting sound financial management.
Frequently Asked Questions about Ibew Local 196 Neca Safety And Education Trust Fund
Is Ibew Local 196 Neca Safety And Education Trust Fund a legitimate charity?
Ibew Local 196 Neca Safety And Education Trust Fund (EIN: 200793626) is a registered tax-exempt nonprofit based in Illinois. Our AI analysis gives it a Mission Score of 95/100. It has 13 years of IRS 990 filings on record. Total revenue: $1.5M. 1 red flag identified. 5 strengths noted. Financial health grade: A.
How does Ibew Local 196 Neca Safety And Education Trust Fund spend its money?
Ibew Local 196 Neca Safety And Education Trust Fund directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Ibew Local 196 Neca Safety And Education Trust Fund tax-deductible?
Ibew Local 196 Neca Safety And Education Trust Fund is registered as a tax-exempt nonprofit (EIN: 200793626). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Ibew Local 196 Neca Safety And Education Trust Fund compare to similar nonprofits?
With a transparency score of 95/100 (Excellent), Ibew Local 196 Neca Safety And Education Trust Fund is above average for NTEE category J40 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Ibew Local 196 Neca Safety And Education Trust Fund located?
Ibew Local 196 Neca Safety And Education Trust Fund is headquartered in Genoa, Illinois and files with the IRS under EIN 200793626. It is classified under NTEE code J40.
How many years of IRS 990 filings does Ibew Local 196 Neca Safety And Education Trust Fund have?
Ibew Local 196 Neca Safety And Education Trust 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 $1.5M in total revenue.
Is Ibew Local 196 Neca Safety And Education Trust Fund financially stable?
Yes, the organization is financially stable, demonstrating consistent revenue growth from $250,658 in 2014 to $1,640,896 in 2023, and a significant increase in assets from $585,844 to $4,014,186 over the same period.
How efficient is Ibew Local 196 Neca Safety And Education Trust Fund with its spending?
The organization appears highly efficient, with expenses consistently lower than revenue. For example, in 2023, expenses were $1,266,886 against revenues of $1,640,896, indicating a healthy surplus and effective management of funds.
Does Ibew Local 196 Neca Safety And Education Trust Fund pay its officers?
No, the IRS 990 filings consistently report 0% officer compensation across all periods, indicating that no salaries are paid to officers.
Filing History
IRS 990 filing history for Ibew Local 196 Neca Safety And Education Trust Fund showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Ibew Local 196 Neca Safety And Education Trust Fund's revenue has grown by 1125.9%, moving from $134K to $1.6M. Total assets increased by 1714% over the same period, from $221K to $4.0M. Total functional expenses rose by 1603%, from $74K to $1.3M. In its most recent filing year (2023), Ibew Local 196 Neca Safety And Education Trust Fund reported a surplus of $374K, with revenue exceeding expenses. The organization holds $463K in liabilities against $4.0M in assets (debt-to-asset ratio: 11.5%), resulting in net assets of $3.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.6M | $1.3M | $4.0M | $463K | — | View 990 |
| 2022 | $1.2M | $907K | $3.8M | $631K | — | View 990 |
| 2021 | $1.1M | $566K | $3.4M | $506K | — | View 990 |
| 2020 | $826K | $194K | $2.4M | $6K | — | — |
| 2019 | $430K | $97K | $1.8M | $45K | — | View 990 |
| 2018 | $419K | $304K | $1.4M | $4K | — | View 990 |
| 2017 | $466K | $281K | $1.3M | $9K | — | — |
| 2016 | $548K | $284K | $1.1M | $35K | — | View 990 |
| 2015 | $465K | $225K | $823K | $4K | — | View 990 |
| 2014 | $251K | $167K | $586K | $8K | — | View 990 |
| 2013 | $166K | $7K | $495K | $0 | — | View 990 |
| 2012 | $173K | $57K | $336K | $0 | — | View 990 |
| 2011 | $134K | $74K | $221K | $300 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.6M, expenses of $1.3M, and assets of $4.0M (revenue +39.1% year-over-year).
- 2022: Revenue of $1.2M, expenses of $907K, and assets of $3.8M (revenue +4.8% year-over-year).
- 2021: Revenue of $1.1M, expenses of $566K, and assets of $3.4M (revenue +36.3% year-over-year).
- 2020: Revenue of $826K, expenses of $194K, and assets of $2.4M (revenue +92.2% year-over-year).
- 2019: Revenue of $430K, expenses of $97K, and assets of $1.8M (revenue +2.6% year-over-year).
- 2018: Revenue of $419K, expenses of $304K, and assets of $1.4M (revenue -10.2% year-over-year).
- 2017: Revenue of $466K, expenses of $281K, and assets of $1.3M (revenue -14.9% year-over-year).
- 2016: Revenue of $548K, expenses of $284K, and assets of $1.1M (revenue +17.6% year-over-year).
- 2015: Revenue of $465K, expenses of $225K, and assets of $823K (revenue +85.7% year-over-year).
- 2014: Revenue of $251K, expenses of $167K, and assets of $586K (revenue +51.4% year-over-year).
- 2013: Revenue of $166K, expenses of $7K, and assets of $495K (revenue -4.2% year-over-year).
- 2012: Revenue of $173K, expenses of $57K, and assets of $336K (revenue +29.1% year-over-year).
- 2011: Revenue of $134K, expenses of $74K, and assets of $221K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Ibew Local 196 Neca Safety And Education Trust Fund:
Data Sources and Methodology
This transparency report for Ibew Local 196 Neca Safety And Education Trust 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.