Local Union 400 Ibew Joint Apprentice & Training Committee
Local Union 400 JATC: Strong Financials, Clear Mission
EIN: 221951385 · Wall, NJ · NTEE: B30 · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $849K |
| Total Expenses | $875K |
| Program Spending | 85% |
| Net Assets | $2.2M |
| Transparency Score | 85/100 |
Is Local Union 400 Ibew Joint Apprentice & Training Committee Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Local Union 400 Ibew Joint Apprentice & Training Committee directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Local Union 400 Ibew Joint Apprentice & Training Committee
Local Union 400 Ibew Joint Apprentice & Training Committee (EIN: 221951385) is a nonprofit organization based in Wall, NJ, classified under NTEE code B30. The organization reported total revenue of $849K and total assets of $2.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Local Union 400 Ibew Joint Apprentice & Training Committee's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Local Union 400 Ibew Joint Apprentice & Training Committee is a small nonprofit that has been operating for 24 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 8.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $773K |
| Total Expenses | $875K |
| Surplus / Deficit | $-101,464 |
| Total Assets | $2.5M |
| Total Liabilities | $304K |
| Net Assets | $2.2M |
| Operating Margin | -13.1% |
| Debt-to-Asset Ratio | 12.3% |
| Months of Reserves | 33.8 months |
Financial Health Grade: B
In 2023, Local Union 400 Ibew Joint Apprentice & Training Committee reported a deficit of $101K with expenses exceeding revenue, holds 33.8 months of operating reserves (strong position), has a debt-to-asset ratio of 12.3% (very low leverage).
Financial Trends
Over 12 years of filings (2012–2023), Local Union 400 Ibew Joint Apprentice & Training Committee's revenue has grown at a compound annual growth rate (CAGR) of 8.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +16.6% | +10.9% | +8.9% |
| 2022 | +10.7% | +33.5% | -4.2% |
| 2021 | -33.6% | -1.4% | +0.7% |
| 2020 | +0.1% | -5.0% | +14.8% |
| 2019 | +11.3% | -1.9% | +15.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2002 |
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 Local Union 400 Ibew Joint Apprentice & Training Committee 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: 85%
- fundraising: 5%
According to IRS 990 filings, Local Union 400 Ibew Joint Apprentice & Training Committee allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 $101K, with expenses exceeding revenue.
- Debt-to-asset ratio: 12.3%.
Executive Compensation Analysis
Executive compensation is not explicitly detailed in the provided data, making a specific assessment difficult without further 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 Local Union 400 Ibew Joint Apprentice & Training Committee:
- Consistent revenue growth from $598,846 in 2021 to $849,155 in 2023.
- Healthy asset growth, increasing from $1,262,515 in 2016 to $2,135,143 in 2023.
- Low liabilities relative to assets, indicating strong financial stability.
- The organization consistently reports 0% lobbying, suggesting a focus on its core mission rather than political influence.
Frequently Asked Questions about Local Union 400 Ibew Joint Apprentice & Training Committee
Is Local Union 400 Ibew Joint Apprentice & Training Committee a legitimate charity?
Based on AI analysis of IRS 990 filings, Local Union 400 Ibew Joint Apprentice & Training Committee (EIN: 221951385) appears legitimate. Mission Score: 85/100. 0 red flags identified, 4 strengths noted.
How does Local Union 400 Ibew Joint Apprentice & Training Committee spend its money?
Local Union 400 Ibew Joint Apprentice & Training Committee directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Local Union 400 Ibew Joint Apprentice & Training Committee tax-deductible?
Local Union 400 Ibew Joint Apprentice & Training Committee is registered as a tax-exempt nonprofit (EIN: 221951385). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Local Union 400 Ibew Joint Apprentice & Training Committee's spending goes to programs?
Local Union 400 Ibew Joint Apprentice & Training Committee directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Local Union 400 Ibew Joint Apprentice & Training Committee compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Local Union 400 Ibew Joint Apprentice & Training Committee is above average for NTEE category B30 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Local Union 400 Ibew Joint Apprentice & Training Committee located?
Local Union 400 Ibew Joint Apprentice & Training Committee is headquartered in Wall, New Jersey and files with the IRS under EIN 221951385. It is classified under NTEE code B30.
How many years of IRS 990 filings does Local Union 400 Ibew Joint Apprentice & Training Committee have?
Local Union 400 Ibew Joint Apprentice & Training Committee has 12 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 $849K in total revenue.
What does Local Union 400 Ibew Joint Apprentice & Training Committee do?
Local Union 400 Ibew Joint Apprentice & Training Committee is a nonprofit organization in the Education sector, located in Wall, New Jersey. It is classified under NTEE code B30.
How much revenue does Local Union 400 Ibew Joint Apprentice & Training Committee have?
Local Union 400 Ibew Joint Apprentice & Training Committee reported total revenue of $849,155. Based on 12 IRS 990 filings on record.
What are Local Union 400 Ibew Joint Apprentice & Training Committee's total assets?
Local Union 400 Ibew Joint Apprentice & Training Committee holds total assets of $2,135,143 as reported in IRS 990 filings.
Where is Local Union 400 Ibew Joint Apprentice & Training Committee located?
Local Union 400 Ibew Joint Apprentice & Training Committee is based in Wall, New Jersey.
What is Local Union 400 Ibew Joint Apprentice & Training Committee's EIN?
Local Union 400 Ibew Joint Apprentice & Training Committee's Employer Identification Number (EIN) is 221951385. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Local Union 400 Ibew Joint Apprentice & Training Committee?
Local Union 400 Ibew Joint Apprentice & Training Committee is classified under NTEE code B30 (Education).
Is Local Union 400 Ibew Joint Apprentice & Training Committee a registered 501(c)(3)?
Yes, Local Union 400 Ibew Joint Apprentice & Training Committee is recognized as a tax-exempt organization by the IRS. EIN: 221951385.
Does Local Union 400 Ibew Joint Apprentice & Training Committee file IRS Form 990?
Yes, Local Union 400 Ibew Joint Apprentice & Training Committee has 12 IRS Form 990 filings on record. The most recent covers tax period 202306.
What was Local Union 400 Ibew Joint Apprentice & Training Committee's revenue in 2023?
In the 202306 filing period, Local Union 400 Ibew Joint Apprentice & Training Committee reported total revenue of $773,116, total expenses of $874,580, and net assets of $2,462,272.
Is Local Union 400 Ibew Joint Apprentice & Training Committee's revenue growing or declining?
Local Union 400 Ibew Joint Apprentice & Training Committee's revenue is growing. Revenue went from $662,943 (202206) to $773,116 (202306), a +16.6% change. Based on 12 filings on record.
What is Local Union 400 Ibew Joint Apprentice & Training Committee's most recent 990 filing?
The most recent IRS Form 990 filing for Local Union 400 Ibew Joint Apprentice & Training Committee covers tax period 202306. It shows revenue of $773,116, expenses of $874,580, total assets of $2,462,272, and liabilities of $303,508.
How much does Local Union 400 Ibew Joint Apprentice & Training Committee spend on programs vs administration?
Based on IRS 990 analysis, Local Union 400 Ibew Joint Apprentice & Training Committee allocates approximately 85% of expenses to program services, 10% to administrative costs, and 5% to fundraising. This indicates strong program focus.
Is Local Union 400 Ibew Joint Apprentice & Training Committee a trustworthy charity?
Based on AI analysis of IRS 990 data, Local Union 400 Ibew Joint Apprentice & Training Committee appears trustworthy. Mission Score: 85/100 (Excellent). No red flags identified. 4 strengths noted.
What are Local Union 400 Ibew Joint Apprentice & Training Committee's strengths?
Positive indicators for Local Union 400 Ibew Joint Apprentice & Training Committee include: Consistent revenue growth from $598,846 in 2021 to $849,155 in 2023.. Healthy asset growth, increasing from $1,262,515 in 2016 to $2,135,143 in 2023.. Low liabilities relative to assets, indicating strong financial stability.. The organization consistently reports 0% lobbying, suggesting a focus on its core mission rather than political influence.. These findings are derived from AI analysis of the organization's financial filings.
How does Local Union 400 Ibew Joint Apprentice & Training Committee compensate executives?
Executive compensation is not explicitly detailed in the provided data, making a specific assessment difficult without further filings. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How does the organization manage its significant asset growth while maintaining relatively stable liabilities?
The organization appears to be effectively reinvesting its revenues and managing expenses, leading to a steady increase in assets without a proportional rise in liabilities, indicating sound financial management and potentially strong investment strategies or capital preservation.
Given the 'Joint Apprentice & Training Committee' designation, what specific programs or initiatives are funded by the 'programs' spending, and how are their outcomes measured?
While the data indicates a high percentage of spending on programs, the specific nature and impact of these apprenticeship and training initiatives are not detailed. Further investigation into program descriptions and outcome metrics would provide valuable insight into their effectiveness.
Filing History
IRS 990 filing history for Local Union 400 Ibew Joint Apprentice & Training Committee showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Local Union 400 Ibew Joint Apprentice & Training Committee's revenue has grown by 144.5%, moving from $316K to $773K. Total assets increased by 480.6% over the same period, from $424K to $2.5M. Total functional expenses rose by 114.4%, from $408K to $875K. In its most recent filing year (2023), Local Union 400 Ibew Joint Apprentice & Training Committee reported a deficit of $101K, with expenses exceeding revenue. The organization holds $304K in liabilities against $2.5M in assets (debt-to-asset ratio: 12.3%), resulting in net assets of $2.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $773K | $875K | $2.5M | $304K | — | View 990 |
| 2022 | $663K | $789K | $2.3M | $25K | — | View 990 |
| 2021 | $599K | $591K | $2.4M | $20K | — | View 990 |
| 2020 | $902K | $599K | $2.3M | $13K | — | View 990 |
| 2019 | $901K | $630K | $2.0M | $14K | — | View 990 |
| 2018 | $810K | $642K | $1.8M | $15K | — | View 990 |
| 2017 | $866K | $523K | $1.6M | $15K | — | View 990 |
| 2016 | $805K | $508K | $1.3M | $17K | — | View 990 |
| 2015 | $678K | $522K | $970K | $22K | — | View 990 |
| 2014 | $616K | $453K | $808K | $16K | — | View 990 |
| 2013 | $637K | $412K | $650K | $21K | — | View 990 |
| 2012 | $316K | $408K | $424K | $20K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $773K, expenses of $875K, and assets of $2.5M (revenue +16.6% year-over-year).
- 2022: Revenue of $663K, expenses of $789K, and assets of $2.3M (revenue +10.7% year-over-year).
- 2021: Revenue of $599K, expenses of $591K, and assets of $2.4M (revenue -33.6% year-over-year).
- 2020: Revenue of $902K, expenses of $599K, and assets of $2.3M (revenue +0.1% year-over-year).
- 2019: Revenue of $901K, expenses of $630K, and assets of $2.0M (revenue +11.3% year-over-year).
- 2018: Revenue of $810K, expenses of $642K, and assets of $1.8M (revenue -6.5% year-over-year).
- 2017: Revenue of $866K, expenses of $523K, and assets of $1.6M (revenue +7.7% year-over-year).
- 2016: Revenue of $805K, expenses of $508K, and assets of $1.3M (revenue +18.7% year-over-year).
- 2015: Revenue of $678K, expenses of $522K, and assets of $970K (revenue +10.0% year-over-year).
- 2014: Revenue of $616K, expenses of $453K, and assets of $808K (revenue -3.2% year-over-year).
- 2013: Revenue of $637K, expenses of $412K, and assets of $650K (revenue +101.3% year-over-year).
- 2012: Revenue of $316K, expenses of $408K, and assets of $424K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Local Union 400 Ibew Joint Apprentice & Training Committee:
Data Sources and Methodology
This transparency report for Local Union 400 Ibew Joint Apprentice & Training Committee 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.