Local Union 102 Joint Training Fund
Local Union 102 Joint Training Fund: Stable Finances, Clear Mission
EIN: 222520875 · Parsippany, NJ · Updated: 2026-04-04
About Local Union 102 Joint Training Fund
Local Union 102 Joint Training Fund (EIN: 222520875) is a nonprofit organization based in Parsippany, NJ. The organization reported total revenue of $7.5M and total assets of $7.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Local Union 102 Joint Training 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 Local Union 102 Joint 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: 10%
- programs: 80%
- fundraising: 10%
According to IRS 990 filings, Local Union 102 Joint Training Fund allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Executive compensation is not explicitly detailed in the provided data, but overall expenses are consistent with the organization's size and mission.
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 Local Union 102 Joint Training Fund:
- Consistent revenue generation over several years, with 2023 revenue at $3,342,123.
- Healthy asset growth, reaching $7,079,975 in 2023.
- Low liabilities relative to assets, indicating strong financial stability.
- Expenses consistently below revenue in most years, demonstrating fiscal prudence.
Frequently Asked Questions about Local Union 102 Joint Training Fund
What does Local Union 102 Joint Training Fund do?
Local Union 102 Joint Training Fund is a nonprofit organization in the Unknown sector, located in Parsippany, New Jersey. It is classified under NTEE code Unknown.
How much revenue does Local Union 102 Joint Training Fund have?
Local Union 102 Joint Training Fund reported total revenue of $7,547,256. Based on 13 IRS 990 filings on record.
What are Local Union 102 Joint Training Fund's total assets?
Local Union 102 Joint Training Fund holds total assets of $7,391,896 as reported in IRS 990 filings.
Where is Local Union 102 Joint Training Fund located?
Local Union 102 Joint Training Fund is based in Parsippany, New Jersey.
What is Local Union 102 Joint Training Fund's EIN?
Local Union 102 Joint Training Fund's Employer Identification Number (EIN) is 222520875. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Local Union 102 Joint Training Fund?
Local Union 102 Joint Training Fund is classified under NTEE code Unknown (Unknown).
Is Local Union 102 Joint Training Fund a registered 501(c)(3)?
Local Union 102 Joint Training Fund appears in IRS records (EIN: 222520875). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Local Union 102 Joint Training Fund file IRS Form 990?
Yes, Local Union 102 Joint Training Fund has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Local Union 102 Joint Training Fund's revenue in 2023?
In the 202312 filing period, Local Union 102 Joint Training Fund reported total revenue of $3,342,123, total expenses of $3,197,026, and net assets of $7,079,975.
Is Local Union 102 Joint Training Fund's revenue growing or declining?
Local Union 102 Joint Training Fund's revenue is growing. Revenue went from $2,716,680 (202212) to $3,342,123 (202312), a +23.0% change. Based on 13 filings on record.
What is Local Union 102 Joint Training Fund's most recent 990 filing?
The most recent IRS Form 990 filing for Local Union 102 Joint Training Fund covers tax period 202312. It shows revenue of $3,342,123, expenses of $3,197,026, total assets of $7,079,975, and liabilities of $1,459,973.
How much does Local Union 102 Joint Training Fund spend on programs vs administration?
Based on IRS 990 analysis, Local Union 102 Joint Training Fund allocates approximately 80% of expenses to program services, 10% to administrative costs, and 10% to fundraising. This indicates strong program focus.
Is Local Union 102 Joint Training Fund a trustworthy charity?
Based on AI analysis of IRS 990 data, Local Union 102 Joint Training Fund appears trustworthy. Mission Score: 85/100 (Excellent). No red flags identified. 4 strengths noted.
What are Local Union 102 Joint Training Fund's strengths?
Positive indicators for Local Union 102 Joint Training Fund include: Consistent revenue generation over several years, with 2023 revenue at $3,342,123.. Healthy asset growth, reaching $7,079,975 in 2023.. Low liabilities relative to assets, indicating strong financial stability.. Expenses consistently below revenue in most years, demonstrating fiscal prudence.. These findings are derived from AI analysis of the organization's financial filings.
How does Local Union 102 Joint Training Fund compensate executives?
Executive compensation is not explicitly detailed in the provided data, but overall expenses are consistent with the organization's size and mission. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How does the 'c0%' in the financial data relate to the organization's tax-exempt status or operational structure?
The 'c0%' likely indicates that the organization is not subject to corporate income tax, consistent with its probable status as a tax-exempt entity (e.g., 501(c)(3) or similar) operating as a joint training fund. This suggests that all revenue is directed towards its mission rather than shareholder profit.
Given the consistent growth in assets and revenue, what specific training programs or initiatives has the fund expanded or introduced?
While the data shows financial growth, it does not detail specific program expansions. However, the increase in assets from $3,622,734 in 2016 to $7,079,975 in 2023 suggests significant investment in training infrastructure, equipment, or educational resources to support its mission.
Filing History
IRS 990 filing history for Local Union 102 Joint Training Fund showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Local Union 102 Joint Training Fund's revenue has grown by 56.5%, moving from $2.1M to $3.3M. Total assets increased by 182.4% over the same period, from $2.5M to $7.1M. Total functional expenses rose by 75.2%, from $1.8M to $3.2M. In its most recent filing year (2023), Local Union 102 Joint Training Fund reported a surplus of $145K, with revenue exceeding expenses. The organization holds $1.5M in liabilities against $7.1M in assets (debt-to-asset ratio: 20.6%), resulting in net assets of $5.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $3.3M | $3.2M | $7.1M | $1.5M | — | — |
| 2022 | $2.7M | $2.9M | $7.3M | $1.8M | — | View 990 |
| 2021 | $3.1M | $2.6M | $5.7M | $48K | — | View 990 |
| 2020 | $2.6M | $2.5M | $5.3M | $89K | — | — |
| 2019 | $3.3M | $2.5M | $5.2M | $68K | — | View 990 |
| 2018 | $2.5M | $2.4M | $4.4M | $60K | — | View 990 |
| 2017 | $3.0M | $2.3M | $4.3M | $13K | — | View 990 |
| 2016 | $2.6M | $2.1M | $3.6M | $6K | — | View 990 |
| 2015 | $2.1M | $2.1M | $3.2M | $16K | — | View 990 |
| 2014 | $2.3M | $2.1M | $3.2M | $35K | — | View 990 |
| 2013 | $2.3M | $2.0M | $3.0M | $41K | — | View 990 |
| 2012 | $2.1M | $1.9M | $2.7M | $76K | — | View 990 |
| 2011 | $2.1M | $1.8M | $2.5M | $34K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.3M, expenses of $3.2M, and assets of $7.1M (revenue +23.0% year-over-year).
- 2022: Revenue of $2.7M, expenses of $2.9M, and assets of $7.3M (revenue -11.1% year-over-year).
- 2021: Revenue of $3.1M, expenses of $2.6M, and assets of $5.7M (revenue +17.0% year-over-year).
- 2020: Revenue of $2.6M, expenses of $2.5M, and assets of $5.3M (revenue -20.6% year-over-year).
- 2019: Revenue of $3.3M, expenses of $2.5M, and assets of $5.2M (revenue +30.9% year-over-year).
- 2018: Revenue of $2.5M, expenses of $2.4M, and assets of $4.4M (revenue -15.0% year-over-year).
- 2017: Revenue of $3.0M, expenses of $2.3M, and assets of $4.3M (revenue +13.3% year-over-year).
- 2016: Revenue of $2.6M, expenses of $2.1M, and assets of $3.6M (revenue +24.0% year-over-year).
- 2015: Revenue of $2.1M, expenses of $2.1M, and assets of $3.2M (revenue -8.0% year-over-year).
- 2014: Revenue of $2.3M, expenses of $2.1M, and assets of $3.2M (revenue -1.6% year-over-year).
- 2013: Revenue of $2.3M, expenses of $2.0M, and assets of $3.0M (revenue +12.6% year-over-year).
- 2012: Revenue of $2.1M, expenses of $1.9M, and assets of $2.7M (revenue -3.4% year-over-year).
- 2011: Revenue of $2.1M, expenses of $1.8M, and assets of $2.5M.
Data Sources and Methodology
This transparency report for Local Union 102 Joint 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.