Lawrence Brunoli Inc Employees Beneficiary Association
Lawrence Brunoli Inc Employees Beneficiary Association: Declining Assets and High Administrative Costs Raise Concerns
EIN: 223033601 · Farmington, CT · Updated: 2026-04-04
Is Lawrence Brunoli Inc Employees Beneficiary Association Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Lawrence Brunoli Inc Employees Beneficiary Association
Lawrence Brunoli Inc Employees Beneficiary Association (EIN: 223033601) is a nonprofit organization based in Farmington, CT. The organization reported total revenue of $320K and total assets of $21K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Lawrence Brunoli Inc Employees Beneficiary Association'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 Lawrence Brunoli Inc Employees Beneficiary Association 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, Lawrence Brunoli Inc Employees Beneficiary Association allocates its expenses as follows: admin: 100%, programs: 0%, fundraising: 0%.
Executive Compensation Analysis
Executive compensation is consistently reported as $0 across all available filings, which is a positive indicator for a beneficiary association.
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 Lawrence Brunoli Inc Employees Beneficiary Association's IRS 990 filings:
- Zero program service expenses reported in all years, suggesting the organization may not be actively fulfilling a charitable mission.
- 100% of functional expenses are allocated to administrative costs, indicating a lack of direct impact.
- Significant decline in net assets from $87,092 in 2016 to $20,976 in 2023, raising questions about financial sustainability.
- The organization's purpose as a 'Beneficiary Association' is unclear given the lack of program spending.
Strengths
The following positive indicators were identified for Lawrence Brunoli Inc Employees Beneficiary Association:
- Consistently reports $0 in executive compensation, demonstrating good stewardship in this area.
Frequently Asked Questions about Lawrence Brunoli Inc Employees Beneficiary Association
Is Lawrence Brunoli Inc Employees Beneficiary Association a legitimate charity?
Based on AI analysis of IRS 990 filings, Lawrence Brunoli Inc Employees Beneficiary Association (EIN: 223033601) significant concerns. Mission Score: 45/100. 4 red flags identified, 1 strength noted.
How does Lawrence Brunoli Inc Employees Beneficiary Association spend its money?
Detailed spending breakdown data is not yet available for Lawrence Brunoli Inc Employees Beneficiary Association. Check back for updated IRS 990 analysis.
Are donations to Lawrence Brunoli Inc Employees Beneficiary Association tax-deductible?
Lawrence Brunoli Inc Employees Beneficiary Association is registered as a tax-exempt nonprofit (EIN: 223033601). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What does Lawrence Brunoli Inc Employees Beneficiary Association do?
Lawrence Brunoli Inc Employees Beneficiary Association is a nonprofit organization in the Unknown sector, located in Farmington, Connecticut. It is classified under NTEE code Unknown.
How much revenue does Lawrence Brunoli Inc Employees Beneficiary Association have?
Lawrence Brunoli Inc Employees Beneficiary Association reported total revenue of $319,529. Based on 13 IRS 990 filings on record.
What are Lawrence Brunoli Inc Employees Beneficiary Association's total assets?
Lawrence Brunoli Inc Employees Beneficiary Association holds total assets of $20,976 as reported in IRS 990 filings.
Where is Lawrence Brunoli Inc Employees Beneficiary Association located?
Lawrence Brunoli Inc Employees Beneficiary Association is based in Farmington, Connecticut.
What is Lawrence Brunoli Inc Employees Beneficiary Association's EIN?
Lawrence Brunoli Inc Employees Beneficiary Association's Employer Identification Number (EIN) is 223033601. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Lawrence Brunoli Inc Employees Beneficiary Association?
Lawrence Brunoli Inc Employees Beneficiary Association is classified under NTEE code Unknown (Unknown).
Is Lawrence Brunoli Inc Employees Beneficiary Association a registered 501(c)(3)?
Lawrence Brunoli Inc Employees Beneficiary Association appears in IRS records (EIN: 223033601). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Lawrence Brunoli Inc Employees Beneficiary Association file IRS Form 990?
Yes, Lawrence Brunoli Inc Employees Beneficiary Association has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Lawrence Brunoli Inc Employees Beneficiary Association's revenue in 2023?
In the 202312 filing period, Lawrence Brunoli Inc Employees Beneficiary Association reported total revenue of $330,540, total expenses of $327,703, and net assets of $32,940.
Is Lawrence Brunoli Inc Employees Beneficiary Association's revenue growing or declining?
Lawrence Brunoli Inc Employees Beneficiary Association's revenue is growing. Revenue went from $237,464 (202212) to $330,540 (202312), a +39.2% change. Based on 13 filings on record.
What is Lawrence Brunoli Inc Employees Beneficiary Association's most recent 990 filing?
The most recent IRS Form 990 filing for Lawrence Brunoli Inc Employees Beneficiary Association covers tax period 202312. It shows revenue of $330,540, expenses of $327,703, total assets of $32,940, and liabilities of $26,676.
Is Lawrence Brunoli Inc Employees Beneficiary Association a trustworthy charity?
Based on AI analysis of IRS 990 data, Lawrence Brunoli Inc Employees Beneficiary Association shows mixed signals. Mission Score: 45/100 (Fair). 4 red flags identified. 1 strength noted.
What are the red flags for Lawrence Brunoli Inc Employees Beneficiary Association?
The following concerns were identified: Zero program service expenses reported in all years, suggesting the organization may not be actively fulfilling a charitable mission.. 100% of functional expenses are allocated to administrative costs, indicating a lack of direct impact.. Significant decline in net assets from $87,092 in 2016 to $20,976 in 2023, raising questions about financial sustainability.. The organization's purpose as a 'Beneficiary Association' is unclear given the lack of program spending.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Lawrence Brunoli Inc Employees Beneficiary Association's strengths?
Positive indicators for Lawrence Brunoli Inc Employees Beneficiary Association include: Consistently reports $0 in executive compensation, demonstrating good stewardship in this area.. These findings are derived from AI analysis of the organization's financial filings.
How does Lawrence Brunoli Inc Employees Beneficiary Association compensate executives?
Executive compensation is consistently reported as $0 across all available filings, which is a positive indicator for a beneficiary association. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the consistent reporting of $0 in program service expenses and 100% administrative costs, what specific benefits or services does the Lawrence Brunoli Inc Employees Beneficiary Association provide to its beneficiaries?
The available financial data does not specify the nature of benefits or services provided. With 100% of expenses categorized as administrative, it's unclear how funds are directly benefiting employees.
What factors have contributed to the substantial decline in the organization's assets from $87,092 in 2016 to $20,976 in 2023, and what is the plan to reverse this trend?
The filings do not provide detailed explanations for the asset decline. Without program spending, the decrease in assets suggests that administrative costs are eroding the principal, or there are other undisclosed financial activities.
Filing History
IRS 990 filing history for Lawrence Brunoli Inc Employees Beneficiary Association showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Lawrence Brunoli Inc Employees Beneficiary Association's revenue has grown by 63.2%, moving from $203K to $331K. Total assets increased by 2856.9% over the same period, from $1K to $33K. Total functional expenses rose by 61.7%, from $203K to $328K. In its most recent filing year (2023), Lawrence Brunoli Inc Employees Beneficiary Association reported a surplus of $3K, with revenue exceeding expenses. The organization holds $27K in liabilities against $33K in assets (debt-to-asset ratio: 81.0%), resulting in net assets of $6K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $331K | $328K | $33K | $27K | — | — |
| 2022 | $237K | $236K | $45K | $42K | — | View 990 |
| 2021 | $247K | $247K | $4K | $2K | — | — |
| 2020 | $246K | $246K | $14K | $12K | — | — |
| 2019 | $432K | $400K | $38K | $0 | — | View 990 |
| 2018 | $570K | $569K | $43K | $37K | — | View 990 |
| 2017 | $752K | $749K | $37K | $33K | — | View 990 |
| 2016 | $560K | $560K | $87K | $87K | — | View 990 |
| 2015 | $340K | $340K | $406 | $0 | — | View 990 |
| 2014 | $170K | $170K | $669 | $0 | — | View 990 |
| 2013 | $259K | $259K | $779 | $0 | — | View 990 |
| 2012 | $232K | $232K | $1K | $0 | — | View 990 |
| 2011 | $203K | $203K | $1K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $331K, expenses of $328K, and assets of $33K (revenue +39.2% year-over-year).
- 2022: Revenue of $237K, expenses of $236K, and assets of $45K (revenue -3.8% year-over-year).
- 2021: Revenue of $247K, expenses of $247K, and assets of $4K (revenue +0.4% year-over-year).
- 2020: Revenue of $246K, expenses of $246K, and assets of $14K (revenue -43.1% year-over-year).
- 2019: Revenue of $432K, expenses of $400K, and assets of $38K (revenue -24.3% year-over-year).
- 2018: Revenue of $570K, expenses of $569K, and assets of $43K (revenue -24.2% year-over-year).
- 2017: Revenue of $752K, expenses of $749K, and assets of $37K (revenue +34.4% year-over-year).
- 2016: Revenue of $560K, expenses of $560K, and assets of $87K (revenue +64.8% year-over-year).
- 2015: Revenue of $340K, expenses of $340K, and assets of $406 (revenue +99.4% year-over-year).
- 2014: Revenue of $170K, expenses of $170K, and assets of $669 (revenue -34.1% year-over-year).
- 2013: Revenue of $259K, expenses of $259K, and assets of $779 (revenue +11.3% year-over-year).
- 2012: Revenue of $232K, expenses of $232K, and assets of $1K (revenue +14.7% year-over-year).
- 2011: Revenue of $203K, expenses of $203K, and assets of $1K.
Data Sources and Methodology
This transparency report for Lawrence Brunoli Inc Employees Beneficiary Association 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.