Laborers 157 Welfare Fund
Laborers 157 Welfare Fund shows consistent asset growth and balanced finances over the past decade with no reported officer compensation.
EIN: 141437195 · Schenectady, NY · Updated: 2026-03-28
Is Laborers 157 Welfare Fund Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Laborers 157 Welfare Fund directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Laborers 157 Welfare Fund
Laborers 157 Welfare Fund (EIN: 141437195) is a nonprofit organization based in Schenectady, NY. The organization reported total revenue of $9.2M and total assets of $18.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Laborers 157 Welfare Fund'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 Laborers 157 Welfare 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, Laborers 157 Welfare 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.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, suggesting that executive leadership is either unpaid, compensated through an external entity, or that the fund's structure does not involve direct officer salaries reported on the 990.
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 Laborers 157 Welfare Fund:
- Consistent asset growth, increasing from $8.8 million in 2014 to $15.9 million in 2023, indicating financial health.
- Balanced revenue and expenses, with revenues generally exceeding expenses, contributing to a stable financial position.
- No reported officer compensation, suggesting efficient use of funds or an alternative compensation structure.
- Consistent IRS 990 filing history (13 filings), demonstrating good compliance and transparency.
Frequently Asked Questions about Laborers 157 Welfare Fund
Is Laborers 157 Welfare Fund a legitimate charity?
Based on AI analysis of IRS 990 filings, Laborers 157 Welfare Fund (EIN: 141437195) appears legitimate. Mission Score: 85/100. 0 red flags identified, 4 strengths noted.
How does Laborers 157 Welfare Fund spend its money?
Laborers 157 Welfare Fund directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Laborers 157 Welfare Fund tax-deductible?
Laborers 157 Welfare Fund is registered as a tax-exempt nonprofit (EIN: 141437195). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Laborers 157 Welfare Fund manage to report 0% officer compensation?
The consistent reporting of 0% officer compensation suggests that the fund's leadership may be volunteer-based, compensated through a related entity, or that the fund's operational structure does not involve direct salaries for officers reported on the 990.
What is the primary purpose of the Laborers 157 Welfare Fund?
As a 'Welfare Fund,' its primary purpose is typically to provide health, retirement, or other welfare benefits to its members, likely union laborers associated with Local 157.
Is the fund financially stable given its asset and liability trends?
Yes, the fund appears financially stable. Its assets have consistently grown from $8.8 million in 2014 to $15.9 million in 2023, and while liabilities have also increased, the asset-to-liability ratio remains healthy, indicating a strong financial position to meet its obligations.
Filing History
IRS 990 filing history for Laborers 157 Welfare Fund showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Laborers 157 Welfare Fund's revenue has grown by 25%, moving from $3.6M to $4.5M. Total assets increased by 182.5% over the same period, from $5.6M to $15.9M. Total functional expenses rose by 48.4%, from $2.9M to $4.3M. In its most recent filing year (2023), Laborers 157 Welfare Fund reported a surplus of $229K, with revenue exceeding expenses. The organization holds $3.6M in liabilities against $15.9M in assets (debt-to-asset ratio: 22.7%), resulting in net assets of $12.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $4.5M | $4.3M | $15.9M | $3.6M | — | View 990 |
| 2022 | $5.1M | $3.3M | $13.7M | $2.7M | — | View 990 |
| 2021 | $4.7M | $3.7M | $15.2M | $3.9M | — | View 990 |
| 2020 | $5.1M | $3.9M | $12.8M | $3.9M | — | View 990 |
| 2019 | $5.7M | $4.3M | $12.5M | $4.5M | — | View 990 |
| 2018 | $5.1M | $5.5M | $10.6M | $4.2M | — | View 990 |
| 2017 | $5.1M | $4.6M | $10.3M | $3.6M | — | View 990 |
| 2016 | $4.4M | $4.1M | $9.6M | $3.3M | — | View 990 |
| 2015 | $4.4M | $4.2M | $9.1M | $3.1M | — | View 990 |
| 2014 | $4.8M | $3.5M | $8.8M | $2.9M | — | View 990 |
| 2013 | $3.6M | $2.9M | $6.9M | $2.5M | — | View 990 |
| 2012 | $3.7M | $3.2M | $6.0M | $2.4M | — | View 990 |
| 2011 | $3.6M | $2.9M | $5.6M | $2.4M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $4.5M, expenses of $4.3M, and assets of $15.9M (revenue -11.0% year-over-year).
- 2022: Revenue of $5.1M, expenses of $3.3M, and assets of $13.7M (revenue +8.2% year-over-year).
- 2021: Revenue of $4.7M, expenses of $3.7M, and assets of $15.2M (revenue -7.5% year-over-year).
- 2020: Revenue of $5.1M, expenses of $3.9M, and assets of $12.8M (revenue -9.9% year-over-year).
- 2019: Revenue of $5.7M, expenses of $4.3M, and assets of $12.5M (revenue +10.2% year-over-year).
- 2018: Revenue of $5.1M, expenses of $5.5M, and assets of $10.6M (revenue +0.6% year-over-year).
- 2017: Revenue of $5.1M, expenses of $4.6M, and assets of $10.3M (revenue +16.6% year-over-year).
- 2016: Revenue of $4.4M, expenses of $4.1M, and assets of $9.6M (revenue +0.4% year-over-year).
- 2015: Revenue of $4.4M, expenses of $4.2M, and assets of $9.1M (revenue -9.1% year-over-year).
- 2014: Revenue of $4.8M, expenses of $3.5M, and assets of $8.8M (revenue +35.1% year-over-year).
- 2013: Revenue of $3.6M, expenses of $2.9M, and assets of $6.9M (revenue -4.0% year-over-year).
- 2012: Revenue of $3.7M, expenses of $3.2M, and assets of $6.0M (revenue +1.8% year-over-year).
- 2011: Revenue of $3.6M, expenses of $2.9M, and assets of $5.6M.
Data Sources and Methodology
This transparency report for Laborers 157 Welfare 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.