Laborers Local 17 Educational & Training Fund
Laborers Local 17 Educational & Training Fund: Consistent Operations, High Program Spending
EIN: 222387008 · Newburgh, NY · NTEE: J22Z · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $4.2M |
| Total Expenses | $2.9M |
| Program Spending | 89% |
| Net Assets | $6.1M |
| Transparency Score | 85/100 |
Is Laborers Local 17 Educational & Training Fund Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Laborers Local 17 Educational & Training Fund directs 89% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Laborers Local 17 Educational & Training Fund
Laborers Local 17 Educational & Training Fund (EIN: 222387008) is a nonprofit organization based in Newburgh, NY, classified under NTEE code J22Z. The organization reported total revenue of $4.2M and total assets of $7.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Laborers Local 17 Educational & Training Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Laborers Local 17 Educational & Training Fund is a mid-size nonprofit that has been operating for 39 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.6M |
| Total Expenses | $2.9M |
| Surplus / Deficit | $-321,964 |
| Total Assets | $6.7M |
| Total Liabilities | $595K |
| Net Assets | $6.1M |
| Operating Margin | -12.3% |
| Debt-to-Asset Ratio | 8.9% |
| Months of Reserves | 27.4 months |
Financial Health Grade: B
In 2023, Laborers Local 17 Educational & Training Fund reported a deficit of $322K with expenses exceeding revenue, holds 27.4 months of operating reserves (strong position), has a debt-to-asset ratio of 8.9% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Laborers Local 17 Educational & Training Fund's revenue has grown at a compound annual growth rate (CAGR) of 4.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +20.9% | +10.1% | -1.2% |
| 2022 | -15.9% | +16.0% | -11.5% |
| 2021 | +5.7% | -8.9% | +5.5% |
| 2020 | -13.2% | -8.7% | +5.6% |
| 2019 | -3.8% | +9.0% | +2.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1987 |
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 Laborers Local 17 Educational & Training 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: 5%
- programs: 89%
- fundraising: 6%
According to IRS 990 filings, Laborers Local 17 Educational & Training Fund allocates its expenses as follows: admin: 5%, programs: 89%, fundraising: 6%. With 89% 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 deficit of $322K, with expenses exceeding revenue.
- Debt-to-asset ratio: 8.9%.
Executive Compensation Analysis
Executive compensation is not reported in the provided data, with 0% compensation indicated for officers, directors, trustees, and key employees in their 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 Laborers Local 17 Educational & Training Fund:
- High percentage of spending on programs (89% in 2023) indicates a strong commitment to its mission.
- Consistent revenue streams over several years, with revenues around $2.1M - $2.9M annually.
- Healthy asset base, consistently above $6.4M, providing financial stability.
Frequently Asked Questions about Laborers Local 17 Educational & Training Fund
Is Laborers Local 17 Educational & Training Fund a legitimate charity?
Based on AI analysis of IRS 990 filings, Laborers Local 17 Educational & Training Fund (EIN: 222387008) appears legitimate. Mission Score: 85/100. 0 red flags identified, 3 strengths noted.
How does Laborers Local 17 Educational & Training Fund spend its money?
Laborers Local 17 Educational & Training Fund directs 89% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Laborers Local 17 Educational & Training Fund tax-deductible?
Laborers Local 17 Educational & Training Fund is registered as a tax-exempt nonprofit (EIN: 222387008). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Laborers Local 17 Educational & Training Fund's spending goes to programs?
Laborers Local 17 Educational & Training Fund directs 89% to programs, 6% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Laborers Local 17 Educational & Training Fund compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Laborers Local 17 Educational & Training Fund is above average for NTEE category J22Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Laborers Local 17 Educational & Training Fund located?
Laborers Local 17 Educational & Training Fund is headquartered in Newburgh, New York and files with the IRS under EIN 222387008. It is classified under NTEE code J22Z.
How many years of IRS 990 filings does Laborers Local 17 Educational & Training Fund have?
Laborers Local 17 Educational & Training 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 $4.2M in total revenue.
What does Laborers Local 17 Educational & Training Fund do?
Laborers Local 17 Educational & Training Fund is a nonprofit organization in the Employment sector, located in Newburgh, New York. It is classified under NTEE code J22Z.
How much revenue does Laborers Local 17 Educational & Training Fund have?
Laborers Local 17 Educational & Training Fund reported total revenue of $4,241,599. Based on 13 IRS 990 filings on record.
What are Laborers Local 17 Educational & Training Fund's total assets?
Laborers Local 17 Educational & Training Fund holds total assets of $7,026,403 as reported in IRS 990 filings.
Where is Laborers Local 17 Educational & Training Fund located?
Laborers Local 17 Educational & Training Fund is based in Newburgh, New York.
What is Laborers Local 17 Educational & Training Fund's EIN?
Laborers Local 17 Educational & Training Fund's Employer Identification Number (EIN) is 222387008. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Laborers Local 17 Educational & Training Fund?
Laborers Local 17 Educational & Training Fund is classified under NTEE code J22Z (Employment).
Is Laborers Local 17 Educational & Training Fund a registered 501(c)(3)?
Yes, Laborers Local 17 Educational & Training Fund is recognized as a tax-exempt organization by the IRS. EIN: 222387008.
Does Laborers Local 17 Educational & Training Fund file IRS Form 990?
Yes, Laborers Local 17 Educational & Training Fund has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Laborers Local 17 Educational & Training Fund's revenue in 2023?
In the 202312 filing period, Laborers Local 17 Educational & Training Fund reported total revenue of $2,614,142, total expenses of $2,936,106, and net assets of $6,706,050.
Is Laborers Local 17 Educational & Training Fund's revenue growing or declining?
Laborers Local 17 Educational & Training Fund's revenue is growing. Revenue went from $2,161,675 (202212) to $2,614,142 (202312), a +20.9% change. Based on 13 filings on record.
What is Laborers Local 17 Educational & Training Fund's most recent 990 filing?
The most recent IRS Form 990 filing for Laborers Local 17 Educational & Training Fund covers tax period 202312. It shows revenue of $2,614,142, expenses of $2,936,106, total assets of $6,706,050, and liabilities of $595,352.
How much does Laborers Local 17 Educational & Training Fund spend on programs vs administration?
Based on IRS 990 analysis, Laborers Local 17 Educational & Training Fund allocates approximately 89% of expenses to program services, 5% to administrative costs, and 6% to fundraising. This indicates strong program focus.
Is Laborers Local 17 Educational & Training Fund a trustworthy charity?
Based on AI analysis of IRS 990 data, Laborers Local 17 Educational & Training Fund appears trustworthy. Mission Score: 85/100 (Excellent). No red flags identified. 3 strengths noted.
What are Laborers Local 17 Educational & Training Fund's strengths?
Positive indicators for Laborers Local 17 Educational & Training Fund include: High percentage of spending on programs (89% in 2023) indicates a strong commitment to its mission.. Consistent revenue streams over several years, with revenues around $2.1M - $2.9M annually.. Healthy asset base, consistently above $6.4M, providing financial stability.. These findings are derived from AI analysis of the organization's financial filings.
How does Laborers Local 17 Educational & Training Fund compensate executives?
Executive compensation is not reported in the provided data, with 0% compensation indicated for officers, directors, trustees, and key employees in their filings. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the consistent 0% compensation reported for key personnel, how are the operational leadership roles fulfilled and compensated?
The filings indicate no compensation for officers, directors, trustees, or key employees. This suggests that leadership roles might be voluntary, compensated through a related entity, or the organization's structure does not involve direct compensation for these specific roles as defined by the IRS 990 form.
Filing History
IRS 990 filing history for Laborers Local 17 Educational & Training Fund showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Laborers Local 17 Educational & Training Fund's revenue has grown by 72%, moving from $1.5M to $2.6M. Total assets increased by 44.9% over the same period, from $4.6M to $6.7M. Total functional expenses rose by 78.9%, from $1.6M to $2.9M. In its most recent filing year (2023), Laborers Local 17 Educational & Training Fund reported a deficit of $322K, with expenses exceeding revenue. The organization holds $595K in liabilities against $6.7M in assets (debt-to-asset ratio: 8.9%), resulting in net assets of $6.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.6M | $2.9M | $6.7M | $595K | — | — |
| 2022 | $2.2M | $2.7M | $6.8M | $607K | — | View 990 |
| 2021 | $2.6M | $2.3M | $7.7M | $555K | — | View 990 |
| 2020 | $2.4M | $2.5M | $7.3M | $196K | — | View 990 |
| 2019 | $2.8M | $2.8M | $6.9M | $38K | — | View 990 |
| 2018 | $2.9M | $2.5M | $6.7M | $29K | — | View 990 |
| 2017 | $2.6M | $2.2M | $6.4M | $27K | — | View 990 |
| 2016 | $2.6M | $1.8M | $5.9M | $20K | — | View 990 |
| 2015 | $2.6M | $2.0M | $5.2M | $12K | — | View 990 |
| 2014 | $2.0M | $1.6M | $4.7M | $120K | — | View 990 |
| 2013 | $1.6M | $1.6M | $4.3M | $141K | — | View 990 |
| 2012 | $1.6M | $1.6M | $4.4M | $252K | — | View 990 |
| 2011 | $1.5M | $1.6M | $4.6M | $434K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.6M, expenses of $2.9M, and assets of $6.7M (revenue +20.9% year-over-year).
- 2022: Revenue of $2.2M, expenses of $2.7M, and assets of $6.8M (revenue -15.9% year-over-year).
- 2021: Revenue of $2.6M, expenses of $2.3M, and assets of $7.7M (revenue +5.7% year-over-year).
- 2020: Revenue of $2.4M, expenses of $2.5M, and assets of $7.3M (revenue -13.2% year-over-year).
- 2019: Revenue of $2.8M, expenses of $2.8M, and assets of $6.9M (revenue -3.8% year-over-year).
- 2018: Revenue of $2.9M, expenses of $2.5M, and assets of $6.7M (revenue +11.0% year-over-year).
- 2017: Revenue of $2.6M, expenses of $2.2M, and assets of $6.4M (revenue +2.8% year-over-year).
- 2016: Revenue of $2.6M, expenses of $1.8M, and assets of $5.9M (revenue -2.1% year-over-year).
- 2015: Revenue of $2.6M, expenses of $2.0M, and assets of $5.2M (revenue +32.4% year-over-year).
- 2014: Revenue of $2.0M, expenses of $1.6M, and assets of $4.7M (revenue +24.3% year-over-year).
- 2013: Revenue of $1.6M, expenses of $1.6M, and assets of $4.3M (revenue -1.1% year-over-year).
- 2012: Revenue of $1.6M, expenses of $1.6M, and assets of $4.4M (revenue +5.4% year-over-year).
- 2011: Revenue of $1.5M, expenses of $1.6M, and assets of $4.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Laborers Local 17 Educational & Training Fund:
Data Sources and Methodology
This transparency report for Laborers Local 17 Educational & Training 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.