Joint Welfare Fund Of Employers And Local 478 Ibt
Joint Welfare Fund of Employers and Local 478 IBT: Declining Revenue and High Administrative Costs Raise Concerns
EIN: 221532011 · Trenton, NJ · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Expenses | $5.6M |
| Net Assets | $1.9M |
| Transparency Score | 45/100 |
Is Joint Welfare Fund Of Employers And Local 478 Ibt Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Joint Welfare Fund Of Employers And Local 478 Ibt
Joint Welfare Fund Of Employers And Local 478 Ibt (EIN: 221532011) is a nonprofit organization based in Trenton, NJ. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Joint Welfare Fund Of Employers And Local 478 Ibt's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Joint Welfare Fund Of Employers And Local 478 Ibt is a mid-size nonprofit, with 5 years of IRS 990 filings on record (2011–2015). Revenue has grown at a compound annual rate of 6.5%.
Key Financial Metrics (2015)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.9M |
| Total Expenses | $5.6M |
| Surplus / Deficit | $-1,707,782 |
| Total Assets | $1.9M |
| Total Liabilities | $39K |
| Net Assets | $1.9M |
| Operating Margin | -44.0% |
| Debt-to-Asset Ratio | 2.0% |
| Months of Reserves | 4.2 months |
Financial Health Grade: B
In 2015, Joint Welfare Fund Of Employers And Local 478 Ibt reported a deficit of $1.7M with expenses exceeding revenue, holds 4.2 months of operating reserves (adequate), has a debt-to-asset ratio of 2.0% (very low leverage).
Financial Trends
Over 5 years of filings (2011–2015), Joint Welfare Fund Of Employers And Local 478 Ibt's revenue has grown at a compound annual growth rate (CAGR) of 6.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2015 | -1.3% | +7.6% | -48.4% |
| 2014 | +10.3% | +31.9% | -25.9% |
| 2013 | +21.3% | +26.5% | -10.0% |
| 2012 | -2.5% | +6.0% | -0.7% |
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Joint Welfare Fund Of Employers And Local 478 Ibt with a Mission Score of 45 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 100%
- programs: 0%
- fundraising: 0%
According to IRS 990 filings, Joint Welfare Fund Of Employers And Local 478 Ibt allocates its expenses as follows: admin: 100%, programs: 0%, fundraising: 0%.
Key Financial Metrics (2015)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $1.7M, with expenses exceeding revenue.
- Debt-to-asset ratio: 2.0%.
Executive Compensation Analysis
Executive compensation cannot be assessed as specific figures for individual executives are not provided in the given data.
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 Joint Welfare Fund Of Employers And Local 478 Ibt's IRS 990 filings:
- Zero percent of reported spending is allocated to programs, raising significant questions about the organization's charitable purpose.
- Total expenses consistently exceed revenue, leading to a decrease in assets over time (e.g., assets dropped from $5,670,714 in 2011 to $1,940,469 in 2015).
- The organization's liabilities have fluctuated but remain a notable portion of assets, such as $39,456 in liabilities against $1,940,469 in assets in 2015.
Strengths
The following positive indicators were identified for Joint Welfare Fund Of Employers And Local 478 Ibt:
- The organization has consistently filed its financial reports, indicating a basic level of compliance.
Frequently Asked Questions about Joint Welfare Fund Of Employers And Local 478 Ibt
Is Joint Welfare Fund Of Employers And Local 478 Ibt a legitimate charity?
Joint Welfare Fund Of Employers And Local 478 Ibt (EIN: 221532011) is a registered tax-exempt nonprofit based in New Jersey. Our AI analysis gives it a Mission Score of 45/100. It has 5 years of IRS 990 filings on record. 3 red flags identified. 1 strength noted. Financial health grade: B.
How does Joint Welfare Fund Of Employers And Local 478 Ibt spend its money?
Joint Welfare Fund Of Employers And Local 478 Ibt reported its financials in IRS 990 filings. 5 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Joint Welfare Fund Of Employers And Local 478 Ibt tax-deductible?
Joint Welfare Fund Of Employers And Local 478 Ibt is registered as a tax-exempt nonprofit (EIN: 221532011). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Joint Welfare Fund Of Employers And Local 478 Ibt located?
Joint Welfare Fund Of Employers And Local 478 Ibt is headquartered in Trenton, New Jersey and files with the IRS under EIN 221532011.
How many years of IRS 990 filings does Joint Welfare Fund Of Employers And Local 478 Ibt have?
Joint Welfare Fund Of Employers And Local 478 Ibt has 5 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends.
What does Joint Welfare Fund Of Employers And Local 478 Ibt do?
Joint Welfare Fund Of Employers And Local 478 Ibt is a nonprofit organization in the Unknown sector, located in Trenton, New Jersey. It is classified under NTEE code Unknown.
How much revenue does Joint Welfare Fund Of Employers And Local 478 Ibt have?
Joint Welfare Fund Of Employers And Local 478 Ibt reported total revenue of N/A. Based on 5 IRS 990 filings on record.
What are Joint Welfare Fund Of Employers And Local 478 Ibt's total assets?
Joint Welfare Fund Of Employers And Local 478 Ibt holds total assets of N/A as reported in IRS 990 filings.
Where is Joint Welfare Fund Of Employers And Local 478 Ibt located?
Joint Welfare Fund Of Employers And Local 478 Ibt is based in Trenton, New Jersey.
What is Joint Welfare Fund Of Employers And Local 478 Ibt's EIN?
Joint Welfare Fund Of Employers And Local 478 Ibt's Employer Identification Number (EIN) is 221532011. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Joint Welfare Fund Of Employers And Local 478 Ibt?
Joint Welfare Fund Of Employers And Local 478 Ibt is classified under NTEE code Unknown (Unknown).
Is Joint Welfare Fund Of Employers And Local 478 Ibt a registered 501(c)(3)?
Joint Welfare Fund Of Employers And Local 478 Ibt appears in IRS records (EIN: 221532011). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Joint Welfare Fund Of Employers And Local 478 Ibt file IRS Form 990?
Yes, Joint Welfare Fund Of Employers And Local 478 Ibt has 5 IRS Form 990 filings on record. The most recent covers tax period 201512.
What was Joint Welfare Fund Of Employers And Local 478 Ibt's revenue in 2015?
In the 201512 filing period, Joint Welfare Fund Of Employers And Local 478 Ibt reported total revenue of $3,882,639, total expenses of $5,590,421, and net assets of $1,940,469.
Is Joint Welfare Fund Of Employers And Local 478 Ibt's revenue growing or declining?
Joint Welfare Fund Of Employers And Local 478 Ibt's revenue is relatively stable. Revenue went from $3,932,467 (201412) to $3,882,639 (201512), a -1.3% change. Based on 5 filings on record.
What is Joint Welfare Fund Of Employers And Local 478 Ibt's most recent 990 filing?
The most recent IRS Form 990 filing for Joint Welfare Fund Of Employers And Local 478 Ibt covers tax period 201512. It shows revenue of $3,882,639, expenses of $5,590,421, total assets of $1,940,469, and liabilities of $39,456.
Is Joint Welfare Fund Of Employers And Local 478 Ibt a trustworthy charity?
Based on AI analysis of IRS 990 data, Joint Welfare Fund Of Employers And Local 478 Ibt shows mixed signals. Mission Score: 45/100 (Fair). 3 red flags identified. 1 strength noted.
What are the red flags for Joint Welfare Fund Of Employers And Local 478 Ibt?
The following concerns were identified: Zero percent of reported spending is allocated to programs, raising significant questions about the organization's charitable purpose.. Total expenses consistently exceed revenue, leading to a decrease in assets over time (e.g., assets dropped from $5,670,714 in 2011 to $1,940,469 in 2015).. The organization's liabilities have fluctuated but remain a notable portion of assets, such as $39,456 in liabilities against $1,940,469 in assets in 2015.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Joint Welfare Fund Of Employers And Local 478 Ibt's strengths?
Positive indicators for Joint Welfare Fund Of Employers And Local 478 Ibt include: The organization has consistently filed its financial reports, indicating a basic level of compliance.. These findings are derived from AI analysis of the organization's financial filings.
How does Joint Welfare Fund Of Employers And Local 478 Ibt compensate executives?
Executive compensation cannot be assessed as specific figures for individual executives are not provided in the given data. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the consistent 0% program spending, what is the actual charitable activity or benefit provided by the Joint Welfare Fund of Employers and Local 478 IBT?
Based on the provided data, there is no direct evidence of charitable activity or benefit. All reported expenses are categorized as administrative or fundraising, with no allocation to programs.
How does the organization sustain operations with consistent negative net income (expenses exceeding revenue) and declining assets?
The organization appears to be drawing down its assets to cover operational costs, as evidenced by the significant decrease in assets from $5,670,714 in 2011 to $1,940,469 in 2015, while expenses continue to outpace revenue.
Filing History
IRS 990 filing history for Joint Welfare Fund Of Employers And Local 478 Ibt showing financial trends over 5 years of public records:
Over 5 years of IRS 990 filings (2011–2015), Joint Welfare Fund Of Employers And Local 478 Ibt's revenue has grown by 28.8%, moving from $3.0M to $3.9M. Total assets decreased by 65.8% over the same period, from $5.7M to $1.9M. Total functional expenses rose by 90.3%, from $2.9M to $5.6M. In its most recent filing year (2015), Joint Welfare Fund Of Employers And Local 478 Ibt reported a deficit of $1.7M, with expenses exceeding revenue. The organization holds $39K in liabilities against $1.9M in assets (debt-to-asset ratio: 2.0%), resulting in net assets of $1.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2015 | $3.9M | $5.6M | $1.9M | $39K | — | View 990 |
| 2014 | $3.9M | $5.2M | $3.8M | $25K | — | View 990 |
| 2013 | $3.6M | $3.9M | $5.1M | $26K | — | View 990 |
| 2012 | $2.9M | $3.1M | $5.6M | $49K | — | View 990 |
| 2011 | $3.0M | $2.9M | $5.7M | $30K | — | View 990 |
Year-by-Year Financial Summary
- 2015: Revenue of $3.9M, expenses of $5.6M, and assets of $1.9M (revenue -1.3% year-over-year).
- 2014: Revenue of $3.9M, expenses of $5.2M, and assets of $3.8M (revenue +10.3% year-over-year).
- 2013: Revenue of $3.6M, expenses of $3.9M, and assets of $5.1M (revenue +21.3% year-over-year).
- 2012: Revenue of $2.9M, expenses of $3.1M, and assets of $5.6M (revenue -2.5% year-over-year).
- 2011: Revenue of $3.0M, expenses of $2.9M, and assets of $5.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Joint Welfare Fund Of Employers And Local 478 Ibt:
Data Sources and Methodology
This transparency report for Joint Welfare Fund Of Employers And Local 478 Ibt 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.