Ibew Local Union 456 Electrical Joint Apprenticeship & Training Fd
Ibew Local Union 456 Electrical Joint Apprenticeship & Training Fd: Steady Growth, Strong Program Focus
EIN: 222103358 · N Brunswick, NJ · Updated: 2026-04-04
About Ibew Local Union 456 Electrical Joint Apprenticeship & Training Fd
Ibew Local Union 456 Electrical Joint Apprenticeship & Training Fd (EIN: 222103358) is a nonprofit organization based in N Brunswick, NJ. The organization reported total revenue of $2.5M and total assets of $4.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Ibew Local Union 456 Electrical Joint Apprenticeship & Training Fd's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Ibew Local Union 456 Electrical Joint Apprenticeship & Training Fd 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: 80%
- fundraising: 10%
According to IRS 990 filings, Ibew Local Union 456 Electrical Joint Apprenticeship & Training Fd allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Executive compensation is not explicitly detailed in the provided data, making a specific assessment difficult without further filings.
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 Union 456 Electrical Joint Apprenticeship & Training Fd:
- Consistent revenue generation and asset growth over the past several years.
- Strong financial position with assets significantly exceeding liabilities.
- Likely high program spending given the nature of an apprenticeship and training fund.
Frequently Asked Questions about Ibew Local Union 456 Electrical Joint Apprenticeship & Training Fd
What does Ibew Local Union 456 Electrical Joint Apprenticeship & Training Fd do?
Ibew Local Union 456 Electrical Joint Apprenticeship & Training Fd is a nonprofit organization in the Unknown sector, located in N Brunswick, New Jersey. It is classified under NTEE code Unknown.
How much revenue does Ibew Local Union 456 Electrical Joint Apprenticeship & Training Fd have?
Ibew Local Union 456 Electrical Joint Apprenticeship & Training Fd reported total revenue of $2,488,331. Based on 12 IRS 990 filings on record.
What are Ibew Local Union 456 Electrical Joint Apprenticeship & Training Fd's total assets?
Ibew Local Union 456 Electrical Joint Apprenticeship & Training Fd holds total assets of $4,096,696 as reported in IRS 990 filings.
Where is Ibew Local Union 456 Electrical Joint Apprenticeship & Training Fd located?
Ibew Local Union 456 Electrical Joint Apprenticeship & Training Fd is based in N Brunswick, New Jersey.
What is Ibew Local Union 456 Electrical Joint Apprenticeship & Training Fd's EIN?
Ibew Local Union 456 Electrical Joint Apprenticeship & Training Fd's Employer Identification Number (EIN) is 222103358. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Ibew Local Union 456 Electrical Joint Apprenticeship & Training Fd?
Ibew Local Union 456 Electrical Joint Apprenticeship & Training Fd is classified under NTEE code Unknown (Unknown).
Is Ibew Local Union 456 Electrical Joint Apprenticeship & Training Fd a registered 501(c)(3)?
Ibew Local Union 456 Electrical Joint Apprenticeship & Training Fd appears in IRS records (EIN: 222103358). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Ibew Local Union 456 Electrical Joint Apprenticeship & Training Fd file IRS Form 990?
Yes, Ibew Local Union 456 Electrical Joint Apprenticeship & Training Fd has 12 IRS Form 990 filings on record. The most recent covers tax period 202306.
What was Ibew Local Union 456 Electrical Joint Apprenticeship & Training Fd's revenue in 2023?
In the 202306 filing period, Ibew Local Union 456 Electrical Joint Apprenticeship & Training Fd reported total revenue of $836,820, total expenses of $693,435, and net assets of $2,949,459.
Is Ibew Local Union 456 Electrical Joint Apprenticeship & Training Fd's revenue growing or declining?
Ibew Local Union 456 Electrical Joint Apprenticeship & Training Fd's revenue is growing. Revenue went from $689,020 (202206) to $836,820 (202306), a +21.5% change. Based on 12 filings on record.
What is Ibew Local Union 456 Electrical Joint Apprenticeship & Training Fd's most recent 990 filing?
The most recent IRS Form 990 filing for Ibew Local Union 456 Electrical Joint Apprenticeship & Training Fd covers tax period 202306. It shows revenue of $836,820, expenses of $693,435, total assets of $2,949,459, and liabilities of $38,047.
How much does Ibew Local Union 456 Electrical Joint Apprenticeship & Training Fd spend on programs vs administration?
Based on IRS 990 analysis, Ibew Local Union 456 Electrical Joint Apprenticeship & Training Fd allocates approximately 80% of expenses to program services, 10% to administrative costs, and 10% to fundraising. This indicates strong program focus.
Is Ibew Local Union 456 Electrical Joint Apprenticeship & Training Fd a trustworthy charity?
Based on AI analysis of IRS 990 data, Ibew Local Union 456 Electrical Joint Apprenticeship & Training Fd appears trustworthy. Mission Score: 85/100 (Excellent). No red flags identified. 3 strengths noted.
What are Ibew Local Union 456 Electrical Joint Apprenticeship & Training Fd's strengths?
Positive indicators for Ibew Local Union 456 Electrical Joint Apprenticeship & Training Fd include: Consistent revenue generation and asset growth over the past several years.. Strong financial position with assets significantly exceeding liabilities.. Likely high program spending given the nature of an apprenticeship and training fund.. These findings are derived from AI analysis of the organization's financial filings.
How does Ibew Local Union 456 Electrical Joint Apprenticeship & Training Fd compensate executives?
Executive compensation is not explicitly detailed in the provided data, making a specific assessment difficult without further filings. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How does the organization's investment in training programs directly correlate with local employment rates for electricians?
While the data shows consistent revenue and assets, a direct correlation to local employment rates for electricians would require external labor market data and specific program outcome metrics not present in these financial filings.
Filing History
IRS 990 filing history for Ibew Local Union 456 Electrical Joint Apprenticeship & Training Fd showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Ibew Local Union 456 Electrical Joint Apprenticeship & Training Fd's revenue has grown by 4%, moving from $805K to $837K. Total assets increased by 118.8% over the same period, from $1.3M to $2.9M. Total functional expenses fell by 19.8%, from $864K to $693K. In its most recent filing year (2023), Ibew Local Union 456 Electrical Joint Apprenticeship & Training Fd reported a surplus of $143K, with revenue exceeding expenses. The organization holds $38K in liabilities against $2.9M in assets (debt-to-asset ratio: 1.3%), resulting in net assets of $2.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $837K | $693K | $2.9M | $38K | — | — |
| 2022 | $689K | $675K | $2.8M | $40K | — | View 990 |
| 2021 | $735K | $503K | $2.9M | $20K | — | View 990 |
| 2020 | $933K | $583K | $2.6M | $84K | — | View 990 |
| 2019 | $769K | $634K | $2.2M | $9K | — | View 990 |
| 2018 | $1.1M | $663K | $2.1M | $26K | — | View 990 |
| 2017 | $949K | $592K | $1.7M | $5K | — | — |
| 2016 | $794K | $601K | $1.4M | $88K | — | View 990 |
| 2015 | $852K | $854K | $1.2M | $83K | — | View 990 |
| 2014 | $837K | $1.1M | $1.3M | $182K | — | View 990 |
| 2013 | $841K | $697K | $1.5M | $142K | — | View 990 |
| 2012 | $805K | $864K | $1.3M | $133K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $837K, expenses of $693K, and assets of $2.9M (revenue +21.5% year-over-year).
- 2022: Revenue of $689K, expenses of $675K, and assets of $2.8M (revenue -6.2% year-over-year).
- 2021: Revenue of $735K, expenses of $503K, and assets of $2.9M (revenue -21.3% year-over-year).
- 2020: Revenue of $933K, expenses of $583K, and assets of $2.6M (revenue +21.4% year-over-year).
- 2019: Revenue of $769K, expenses of $634K, and assets of $2.2M (revenue -27.3% year-over-year).
- 2018: Revenue of $1.1M, expenses of $663K, and assets of $2.1M (revenue +11.4% year-over-year).
- 2017: Revenue of $949K, expenses of $592K, and assets of $1.7M (revenue +19.6% year-over-year).
- 2016: Revenue of $794K, expenses of $601K, and assets of $1.4M (revenue -6.8% year-over-year).
- 2015: Revenue of $852K, expenses of $854K, and assets of $1.2M (revenue +1.8% year-over-year).
- 2014: Revenue of $837K, expenses of $1.1M, and assets of $1.3M (revenue -0.4% year-over-year).
- 2013: Revenue of $841K, expenses of $697K, and assets of $1.5M (revenue +4.4% year-over-year).
- 2012: Revenue of $805K, expenses of $864K, and assets of $1.3M.
Data Sources and Methodology
This transparency report for Ibew Local Union 456 Electrical Joint Apprenticeship & Training Fd 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.