Ibew Local 567 Labor Management Cooperation Committee Trust Fund
Ibew Local 567 Labor Management Cooperation Committee Trust Fund shows consistent growth and no liabilities.
EIN: 10528038 · Lewiston, ME · NTEE: J40 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $151K |
| Total Expenses | $83K |
| Program Spending | 85% |
| Net Assets | $181K |
| Transparency Score | 85/100 |
Is Ibew Local 567 Labor Management Cooperation Committee Trust Fund Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Ibew Local 567 Labor Management Cooperation Committee Trust Fund directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Ibew Local 567 Labor Management Cooperation Committee Trust Fund
Ibew Local 567 Labor Management Cooperation Committee Trust Fund (EIN: 10528038) is a nonprofit organization based in Lewiston, ME, classified under NTEE code J40. The organization reported total revenue of $151K and total assets of $201K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Ibew Local 567 Labor Management Cooperation Committee Trust Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Ibew Local 567 Labor Management Cooperation Committee Trust Fund is a small nonprofit that has been operating for 25 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 0.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $119K |
| Total Expenses | $83K |
| Surplus / Deficit | +$36K |
| Total Assets | $181K |
| Net Assets | $181K |
| Operating Margin | 30.1% |
| Months of Reserves | 26.1 months |
Financial Health Grade: A
In 2023, Ibew Local 567 Labor Management Cooperation Committee Trust Fund reported a surplus of $36K with revenue exceeding expenses, holds 26.1 months of operating reserves (strong position).
Financial Trends
Over 12 years of filings (2012–2023), Ibew Local 567 Labor Management Cooperation Committee Trust Fund's revenue has grown at a compound annual growth rate (CAGR) of 0.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -1.7% | +9.1% | +24.6% |
| 2022 | +15.9% | +18.2% | +44.6% |
| 2021 | +48.7% | +5.6% | +67.3% |
| 2020 | +67.9% | -7.9% | +18.0% |
| 2019 | -44.1% | -24.9% | -32.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2001 |
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 567 Labor Management Cooperation Committee Trust 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: 15%
- programs: 85%
- fundraising: 0%
According to IRS 990 filings, Ibew Local 567 Labor Management Cooperation Committee Trust Fund allocates its expenses as follows: admin: 15%, programs: 85%, fundraising: 0%. With 85% 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 $36K, with revenue exceeding expenses.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries or other compensation are paid to officers, which is highly favorable for resource allocation.
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.
Strengths
The following positive indicators were identified for Ibew Local 567 Labor Management Cooperation Committee Trust Fund:
- Consistent revenue growth, from $70,341 in 2020 to $119,147 in 2023.
- Zero reported liabilities across all filing periods, indicating strong financial stability.
- Steady increase in assets, reaching $181,296 in 2023, enhancing long-term capacity.
- 0% officer compensation reported, suggesting efficient use of funds and potentially volunteer leadership.
- Consistent filing of IRS Form 990s, demonstrating good transparency.
Frequently Asked Questions about Ibew Local 567 Labor Management Cooperation Committee Trust Fund
Is Ibew Local 567 Labor Management Cooperation Committee Trust Fund a legitimate charity?
Ibew Local 567 Labor Management Cooperation Committee Trust Fund (EIN: 10528038) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 85/100. It has 12 years of IRS 990 filings on record. Total revenue: $151K. No red flags identified. 5 strengths noted. Financial health grade: A.
How does Ibew Local 567 Labor Management Cooperation Committee Trust Fund spend its money?
Ibew Local 567 Labor Management Cooperation Committee Trust Fund directs 85% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Ibew Local 567 Labor Management Cooperation Committee Trust Fund tax-deductible?
Ibew Local 567 Labor Management Cooperation Committee Trust Fund is registered as a tax-exempt nonprofit (EIN: 10528038). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Ibew Local 567 Labor Management Cooperation Committee Trust Fund compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Ibew Local 567 Labor Management Cooperation Committee 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 567 Labor Management Cooperation Committee Trust Fund located?
Ibew Local 567 Labor Management Cooperation Committee Trust Fund is headquartered in Lewiston, Maine and files with the IRS under EIN 10528038. It is classified under NTEE code J40.
How many years of IRS 990 filings does Ibew Local 567 Labor Management Cooperation Committee Trust Fund have?
Ibew Local 567 Labor Management Cooperation Committee Trust Fund has 12 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 $151K in total revenue.
What specific programs does the Ibew Local 567 Labor Management Cooperation Committee Trust Fund operate?
Based on the NTEE code J40 (Labor Unions and Auxiliaries) and the nature of a Labor Management Cooperation Committee Trust Fund, its programs likely involve initiatives to improve labor-management relations, worker training, safety programs, and promoting the electrical industry in the local area. However, the provided data does not offer specific program details.
How does the organization sustain itself without officer compensation?
The consistent reporting of 0% officer compensation suggests that the organization's leadership may be volunteer-based, or that any administrative functions are handled by staff whose compensation is categorized differently (e.g., program staff) or by the contributing labor and management entities directly, rather than through direct officer salaries from the trust fund itself.
What is the primary source of the organization's revenue?
While not explicitly stated in the provided data, for a Labor Management Cooperation Committee Trust Fund, the primary source of revenue is typically contributions from labor unions and management associations, often stipulated in collective bargaining agreements, to fund joint initiatives.
Filing History
IRS 990 filing history for Ibew Local 567 Labor Management Cooperation Committee Trust Fund showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Ibew Local 567 Labor Management Cooperation Committee Trust Fund's revenue has grown by 6.5%, moving from $112K to $119K. Total assets increased by 9.7% over the same period, from $165K to $181K. Total functional expenses rose by 22.7%, from $68K to $83K. In its most recent filing year (2023), Ibew Local 567 Labor Management Cooperation Committee Trust Fund reported a surplus of $36K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $119K | $83K | $181K | $0 | — | View 990 |
| 2022 | $121K | $76K | $145K | $0 | — | View 990 |
| 2021 | $105K | $65K | $101K | $0 | — | — |
| 2020 | $70K | $61K | $60K | $0 | — | View 990 |
| 2019 | $42K | $66K | $51K | $0 | — | View 990 |
| 2018 | $75K | $89K | $76K | $0 | — | View 990 |
| 2017 | $103K | $108K | $89K | $0 | — | View 990 |
| 2016 | $86K | $120K | $94K | $0 | — | View 990 |
| 2015 | $91K | $154K | $128K | $0 | — | View 990 |
| 2014 | $81K | $96K | $192K | $0 | — | View 990 |
| 2013 | $100K | $58K | $207K | $0 | — | View 990 |
| 2012 | $112K | $68K | $165K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $119K, expenses of $83K, and assets of $181K (revenue -1.7% year-over-year).
- 2022: Revenue of $121K, expenses of $76K, and assets of $145K (revenue +15.9% year-over-year).
- 2021: Revenue of $105K, expenses of $65K, and assets of $101K (revenue +48.7% year-over-year).
- 2020: Revenue of $70K, expenses of $61K, and assets of $60K (revenue +67.9% year-over-year).
- 2019: Revenue of $42K, expenses of $66K, and assets of $51K (revenue -44.1% year-over-year).
- 2018: Revenue of $75K, expenses of $89K, and assets of $76K (revenue -27.1% year-over-year).
- 2017: Revenue of $103K, expenses of $108K, and assets of $89K (revenue +19.6% year-over-year).
- 2016: Revenue of $86K, expenses of $120K, and assets of $94K (revenue -5.2% year-over-year).
- 2015: Revenue of $91K, expenses of $154K, and assets of $128K (revenue +12.5% year-over-year).
- 2014: Revenue of $81K, expenses of $96K, and assets of $192K (revenue -19.1% year-over-year).
- 2013: Revenue of $100K, expenses of $58K, and assets of $207K (revenue -10.9% year-over-year).
- 2012: Revenue of $112K, expenses of $68K, and assets of $165K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Ibew Local 567 Labor Management Cooperation Committee Trust Fund:
Data Sources and Methodology
This transparency report for Ibew Local 567 Labor Management Cooperation Committee 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.