Laborers Local 1822 Fringe Benefit Funds
Laborers Local 1822 Fringe Benefit Funds consistently grows assets with zero reported officer compensation.
EIN: 156019137 · Syracuse, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $3.0M |
| Total Expenses | $1.9M |
| Program Spending | 100% |
| CEO/Top Officer Pay | $11 |
| Net Assets | $11.4M |
| Transparency Score | 95/100 |
Is Laborers Local 1822 Fringe Benefit Funds Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Laborers Local 1822 Fringe Benefit Funds directs 100% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Laborers Local 1822 Fringe Benefit Funds
Laborers Local 1822 Fringe Benefit Funds (EIN: 156019137) is a nonprofit organization based in Syracuse, NY. The organization reported total revenue of $3.0M and total assets of $13.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Laborers Local 1822 Fringe Benefit Funds's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Laborers Local 1822 Fringe Benefit Funds is a mid-size nonprofit that has been operating for 68 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.3M |
| Total Expenses | $1.9M |
| Surplus / Deficit | +$389K |
| Total Assets | $11.8M |
| Total Liabilities | $392K |
| Net Assets | $11.4M |
| Operating Margin | 16.8% |
| Debt-to-Asset Ratio | 3.3% |
| Months of Reserves | 73.4 months |
Financial Health Grade: A
In 2023, Laborers Local 1822 Fringe Benefit Funds reported a surplus of $389K with revenue exceeding expenses, holds 73.4 months of operating reserves (strong position), has a debt-to-asset ratio of 3.3% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Laborers Local 1822 Fringe Benefit Funds's revenue has grown at a compound annual growth rate (CAGR) of 4.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +0.3% | +3.6% | +10.6% |
| 2022 | -35.9% | -6.1% | -5.7% |
| 2021 | +53.4% | +1.1% | +17.6% |
| 2020 | -68.9% | +4.4% | +13.7% |
| 2019 | +331.8% | +64.0% | +267.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1958 |
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 1822 Fringe Benefit Funds with a Mission Score of 95 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: 0%
- programs: 100%
- fundraising: 0%
According to IRS 990 filings, Laborers Local 1822 Fringe Benefit Funds allocates its expenses as follows: admin: 0%, programs: 100%, fundraising: 0%. With 100% 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 $389K, with revenue exceeding expenses.
- Debt-to-asset ratio: 3.3%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no funds are directly allocated from this entity for executive salaries, which is highly efficient for a nonprofit of its size with assets exceeding $11 million.
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 1822 Fringe Benefit Funds:
- Consistent asset growth, from $2.4M in 2014 to $11.7M in 2023.
- Zero reported officer compensation across all filings, indicating high efficiency.
- Revenue consistently exceeds expenses in most years, leading to financial stability.
- Low liabilities relative to assets, suggesting strong financial health.
- Consistent filing of IRS Form 990s, demonstrating transparency.
Frequently Asked Questions about Laborers Local 1822 Fringe Benefit Funds
Is Laborers Local 1822 Fringe Benefit Funds a legitimate charity?
Based on AI analysis of IRS 990 filings, Laborers Local 1822 Fringe Benefit Funds (EIN: 156019137) appears legitimate. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.
How does Laborers Local 1822 Fringe Benefit Funds spend its money?
Laborers Local 1822 Fringe Benefit Funds directs 100% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Laborers Local 1822 Fringe Benefit Funds tax-deductible?
Laborers Local 1822 Fringe Benefit Funds is registered as a tax-exempt nonprofit (EIN: 156019137). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Laborers Local 1822 Fringe Benefit Funds CEO make?
Laborers Local 1822 Fringe Benefit Funds's highest-compensated officer earns $11 annually. The organization reported $3.0M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
Where is Laborers Local 1822 Fringe Benefit Funds located?
Laborers Local 1822 Fringe Benefit Funds is headquartered in Syracuse, New York and files with the IRS under EIN 156019137.
How many years of IRS 990 filings does Laborers Local 1822 Fringe Benefit Funds have?
Laborers Local 1822 Fringe Benefit Funds 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 $3.0M in total revenue.
Is Laborers Local 1822 Fringe Benefit Funds a good charity?
Based on its financial data, the organization appears to be very well-managed. It consistently generates more revenue than expenses, has significantly grown its assets to over $11 million, and reports 0% officer compensation, indicating high efficiency in directing funds towards its stated purpose.
How has the organization's asset base changed over time?
The organization's assets have grown substantially, from $2,451,441 in 2014 to $11,791,047 in 2023, demonstrating strong financial growth and accumulation of reserves.
What is the organization's approach to executive compensation?
Laborers Local 1822 Fringe Benefit Funds consistently reports 0% officer compensation, meaning no executive salaries are paid directly from this entity, which is a strong indicator of financial efficiency.
Filing History
IRS 990 filing history for Laborers Local 1822 Fringe Benefit Funds showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Laborers Local 1822 Fringe Benefit Funds's revenue has grown by 62.4%, moving from $1.4M to $2.3M. Total assets increased by 324.8% over the same period, from $2.8M to $11.8M. Total functional expenses rose by 47.3%, from $1.3M to $1.9M. In its most recent filing year (2023), Laborers Local 1822 Fringe Benefit Funds reported a surplus of $389K, with revenue exceeding expenses. The organization holds $392K in liabilities against $11.8M in assets (debt-to-asset ratio: 3.3%), resulting in net assets of $11.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.3M | $1.9M | $11.8M | $392K | — | — |
| 2022 | $2.3M | $1.9M | $10.7M | $368K | — | View 990 |
| 2021 | $3.6M | $2.0M | $11.3M | $320K | — | View 990 |
| 2020 | $2.3M | $2.0M | $9.6M | $194K | — | View 990 |
| 2019 | $7.6M | $1.9M | $8.5M | $220K | — | — |
| 2018 | $1.7M | $1.1M | $2.3M | $181K | — | View 990 |
| 2017 | $1.7M | $1.4M | $1.6M | $68K | — | — |
| 2016 | $1.6M | $2.3M | $1.3M | $118K | — | View 990 |
| 2015 | $1.4M | $1.6M | $2.2M | $200K | — | View 990 |
| 2014 | $1.4M | $1.8M | $2.5M | $135K | — | View 990 |
| 2013 | $1.8M | $1.7M | $3.1M | $134K | — | View 990 |
| 2012 | $1.5M | $1.6M | $2.7M | $137K | — | View 990 |
| 2011 | $1.4M | $1.3M | $2.8M | $132K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.3M, expenses of $1.9M, and assets of $11.8M (revenue +0.3% year-over-year).
- 2022: Revenue of $2.3M, expenses of $1.9M, and assets of $10.7M (revenue -35.9% year-over-year).
- 2021: Revenue of $3.6M, expenses of $2.0M, and assets of $11.3M (revenue +53.4% year-over-year).
- 2020: Revenue of $2.3M, expenses of $2.0M, and assets of $9.6M (revenue -68.9% year-over-year).
- 2019: Revenue of $7.6M, expenses of $1.9M, and assets of $8.5M (revenue +331.8% year-over-year).
- 2018: Revenue of $1.7M, expenses of $1.1M, and assets of $2.3M (revenue +2.4% year-over-year).
- 2017: Revenue of $1.7M, expenses of $1.4M, and assets of $1.6M (revenue +8.1% year-over-year).
- 2016: Revenue of $1.6M, expenses of $2.3M, and assets of $1.3M (revenue +16.6% year-over-year).
- 2015: Revenue of $1.4M, expenses of $1.6M, and assets of $2.2M (revenue +0.3% year-over-year).
- 2014: Revenue of $1.4M, expenses of $1.8M, and assets of $2.5M (revenue -24.4% year-over-year).
- 2013: Revenue of $1.8M, expenses of $1.7M, and assets of $3.1M (revenue +20.0% year-over-year).
- 2012: Revenue of $1.5M, expenses of $1.6M, and assets of $2.7M (revenue +4.3% year-over-year).
- 2011: Revenue of $1.4M, expenses of $1.3M, and assets of $2.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Laborers Local 1822 Fringe Benefit Funds:
Data Sources and Methodology
This transparency report for Laborers Local 1822 Fringe Benefit Funds 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.