Mid Jersey Trucking Industry Local 701 Welfare Fund Plan A & B
Mid Jersey Trucking Industry Local 701 Welfare Fund: Stable but Declining Assets
EIN: 221594458 · N Brunswick, NJ · Updated: 2026-04-04
About Mid Jersey Trucking Industry Local 701 Welfare Fund Plan A & B
Mid Jersey Trucking Industry Local 701 Welfare Fund Plan A & B (EIN: 221594458) is a nonprofit organization based in N Brunswick, NJ. The organization reported total revenue of $7.6M and total assets of $9.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Mid Jersey Trucking Industry Local 701 Welfare Fund Plan A & B'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 Mid Jersey Trucking Industry Local 701 Welfare Fund Plan A & B with a Mission Score of 70 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 3%
- programs: 95%
- fundraising: 2%
According to IRS 990 filings, Mid Jersey Trucking Industry Local 701 Welfare Fund Plan A & B allocates its expenses as follows: admin: 3%, programs: 95%, fundraising: 2%. With 95% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Executive compensation is reported as $0 across all available filings, which suggests that key personnel may be compensated through other entities or that the fund is managed by volunteers, requiring further investigation.
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 Mid Jersey Trucking Industry Local 701 Welfare Fund Plan A & B's IRS 990 filings:
- Consistent reporting of $0 for officer, director, trustee, and key employee compensation across all years raises questions about how leadership is compensated or if this is a volunteer-run organization.
- Total assets have shown a declining trend from $11,595,361 in 2021 to $9,407,025 in 2023, warranting a closer look at the reasons for this decrease.
- The nature of 'Welfare Fund Plan A & B' is not explicitly detailed in the provided data, making it difficult to fully assess its programmatic impact.
Strengths
The following positive indicators were identified for Mid Jersey Trucking Industry Local 701 Welfare Fund Plan A & B:
- The organization consistently maintains a high percentage of spending on programs, indicating a strong focus on its mission.
- Revenue has remained relatively stable over the past several years, demonstrating consistent funding streams.
- Low administrative and fundraising expenses suggest efficient operations and effective resource allocation.
- Liabilities have been consistently low, indicating sound financial health and minimal debt burden.
Frequently Asked Questions about Mid Jersey Trucking Industry Local 701 Welfare Fund Plan A & B
What does Mid Jersey Trucking Industry Local 701 Welfare Fund Plan A & B do?
Mid Jersey Trucking Industry Local 701 Welfare Fund Plan A & B is a nonprofit organization in the Unknown sector, located in N Brunswick, New Jersey. It is classified under NTEE code Unknown.
How much revenue does Mid Jersey Trucking Industry Local 701 Welfare Fund Plan A & B have?
Mid Jersey Trucking Industry Local 701 Welfare Fund Plan A & B reported total revenue of $7,566,310. Based on 13 IRS 990 filings on record.
What are Mid Jersey Trucking Industry Local 701 Welfare Fund Plan A & B's total assets?
Mid Jersey Trucking Industry Local 701 Welfare Fund Plan A & B holds total assets of $9,826,063 as reported in IRS 990 filings.
Where is Mid Jersey Trucking Industry Local 701 Welfare Fund Plan A & B located?
Mid Jersey Trucking Industry Local 701 Welfare Fund Plan A & B is based in N Brunswick, New Jersey.
What is Mid Jersey Trucking Industry Local 701 Welfare Fund Plan A & B's EIN?
Mid Jersey Trucking Industry Local 701 Welfare Fund Plan A & B's Employer Identification Number (EIN) is 221594458. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Mid Jersey Trucking Industry Local 701 Welfare Fund Plan A & B?
Mid Jersey Trucking Industry Local 701 Welfare Fund Plan A & B is classified under NTEE code Unknown (Unknown).
Is Mid Jersey Trucking Industry Local 701 Welfare Fund Plan A & B a registered 501(c)(3)?
Mid Jersey Trucking Industry Local 701 Welfare Fund Plan A & B appears in IRS records (EIN: 221594458). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Mid Jersey Trucking Industry Local 701 Welfare Fund Plan A & B file IRS Form 990?
Yes, Mid Jersey Trucking Industry Local 701 Welfare Fund Plan A & B has 13 IRS Form 990 filings on record. The most recent covers tax period 202305.
What was Mid Jersey Trucking Industry Local 701 Welfare Fund Plan A & B's revenue in 2023?
In the 202305 filing period, Mid Jersey Trucking Industry Local 701 Welfare Fund Plan A & B reported total revenue of $8,163,611, total expenses of $8,378,232, and net assets of $9,407,025.
Is Mid Jersey Trucking Industry Local 701 Welfare Fund Plan A & B's revenue growing or declining?
Mid Jersey Trucking Industry Local 701 Welfare Fund Plan A & B's revenue is growing. Revenue went from $7,768,982 (202205) to $8,163,611 (202305), a +5.1% change. Based on 13 filings on record.
What is Mid Jersey Trucking Industry Local 701 Welfare Fund Plan A & B's most recent 990 filing?
The most recent IRS Form 990 filing for Mid Jersey Trucking Industry Local 701 Welfare Fund Plan A & B covers tax period 202305. It shows revenue of $8,163,611, expenses of $8,378,232, total assets of $9,407,025, and liabilities of $184,162.
How much does Mid Jersey Trucking Industry Local 701 Welfare Fund Plan A & B spend on programs vs administration?
Based on IRS 990 analysis, Mid Jersey Trucking Industry Local 701 Welfare Fund Plan A & B allocates approximately 95% of expenses to program services, 3% to administrative costs, and 2% to fundraising. This indicates strong program focus.
Is Mid Jersey Trucking Industry Local 701 Welfare Fund Plan A & B a trustworthy charity?
Based on AI analysis of IRS 990 data, Mid Jersey Trucking Industry Local 701 Welfare Fund Plan A & B appears trustworthy. Mission Score: 70/100 (Good). 3 red flags identified. 4 strengths noted.
What are the red flags for Mid Jersey Trucking Industry Local 701 Welfare Fund Plan A & B?
The following concerns were identified: Consistent reporting of $0 for officer, director, trustee, and key employee compensation across all years raises questions about how leadership is compensated or if this is a volunteer-run organization.. Total assets have shown a declining trend from $11,595,361 in 2021 to $9,407,025 in 2023, warranting a closer look at the reasons for this decrease.. The nature of 'Welfare Fund Plan A & B' is not explicitly detailed in the provided data, making it difficult to fully assess its programmatic impact.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Mid Jersey Trucking Industry Local 701 Welfare Fund Plan A & B's strengths?
Positive indicators for Mid Jersey Trucking Industry Local 701 Welfare Fund Plan A & B include: The organization consistently maintains a high percentage of spending on programs, indicating a strong focus on its mission.. Revenue has remained relatively stable over the past several years, demonstrating consistent funding streams.. Low administrative and fundraising expenses suggest efficient operations and effective resource allocation.. Liabilities have been consistently low, indicating sound financial health and minimal debt burden.. These findings are derived from AI analysis of the organization's financial filings.
How does Mid Jersey Trucking Industry Local 701 Welfare Fund Plan A & B compensate executives?
Executive compensation is reported as $0 across all available filings, which suggests that key personnel may be compensated through other entities or that the fund is managed by volunteers, requiring further investigation. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the consistent $0 reported for executive compensation, how are the operational and strategic leadership roles fulfilled and compensated within the Mid Jersey Trucking Industry Local 701 Welfare Fund?
The consistent reporting of $0 for executive compensation suggests that either the fund is managed by uncompensated volunteers, or compensation for leadership is handled through an affiliated entity not reflected in these specific filings. This requires further inquiry into the organizational structure and related party transactions.
What factors are contributing to the observed decline in total assets from $11,595,361 in 2021 to $9,407,025 in 2023, and what strategies are in place to address this trend?
The decline in total assets could be due to various factors such as investment performance, increased benefit payouts, or changes in funding. Without more detailed financial statements, it's difficult to pinpoint the exact cause. Understanding the fund's investment strategy and future financial projections would be crucial.
Filing History
IRS 990 filing history for Mid Jersey Trucking Industry Local 701 Welfare Fund Plan A & B showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Mid Jersey Trucking Industry Local 701 Welfare Fund Plan A & B's revenue has declined by 11.6%, moving from $9.2M to $8.2M. Total assets decreased by 36.5% over the same period, from $14.8M to $9.4M. Total functional expenses fell by 22.8%, from $10.9M to $8.4M. In its most recent filing year (2023), Mid Jersey Trucking Industry Local 701 Welfare Fund Plan A & B reported a deficit of $215K, with expenses exceeding revenue. The organization holds $184K in liabilities against $9.4M in assets (debt-to-asset ratio: 2.0%), resulting in net assets of $9.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $8.2M | $8.4M | $9.4M | $184K | — | View 990 |
| 2022 | $7.8M | $8.2M | $10.3M | $162K | — | View 990 |
| 2021 | $8.6M | $8.0M | $11.6M | $315K | — | — |
| 2020 | $7.8M | $7.6M | $9.6M | $200K | — | — |
| 2019 | $7.3M | $7.2M | $9.3M | $118K | — | View 990 |
| 2018 | $6.4M | $6.2M | $9.5M | $195K | — | View 990 |
| 2017 | $5.8M | $5.8M | $8.8M | $65K | — | View 990 |
| 2016 | $5.6M | $5.1M | $8.2M | $54K | — | View 990 |
| 2015 | $6.3M | $6.3M | $7.8M | $64K | — | View 990 |
| 2014 | $7.5M | $8.5M | $7.8M | $55K | — | View 990 |
| 2013 | $8.2M | $10.5M | $9.1M | $75K | — | View 990 |
| 2012 | $10.5M | $12.6M | $12.2M | $1.1M | — | View 990 |
| 2011 | $9.2M | $10.9M | $14.8M | $1.3M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $8.2M, expenses of $8.4M, and assets of $9.4M (revenue +5.1% year-over-year).
- 2022: Revenue of $7.8M, expenses of $8.2M, and assets of $10.3M (revenue -9.4% year-over-year).
- 2021: Revenue of $8.6M, expenses of $8.0M, and assets of $11.6M (revenue +9.7% year-over-year).
- 2020: Revenue of $7.8M, expenses of $7.6M, and assets of $9.6M (revenue +6.4% year-over-year).
- 2019: Revenue of $7.3M, expenses of $7.2M, and assets of $9.3M (revenue +13.9% year-over-year).
- 2018: Revenue of $6.4M, expenses of $6.2M, and assets of $9.5M (revenue +10.3% year-over-year).
- 2017: Revenue of $5.8M, expenses of $5.8M, and assets of $8.8M (revenue +4.3% year-over-year).
- 2016: Revenue of $5.6M, expenses of $5.1M, and assets of $8.2M (revenue -10.8% year-over-year).
- 2015: Revenue of $6.3M, expenses of $6.3M, and assets of $7.8M (revenue -16.0% year-over-year).
- 2014: Revenue of $7.5M, expenses of $8.5M, and assets of $7.8M (revenue -8.6% year-over-year).
- 2013: Revenue of $8.2M, expenses of $10.5M, and assets of $9.1M (revenue -22.4% year-over-year).
- 2012: Revenue of $10.5M, expenses of $12.6M, and assets of $12.2M (revenue +14.2% year-over-year).
- 2011: Revenue of $9.2M, expenses of $10.9M, and assets of $14.8M.
Data Sources and Methodology
This transparency report for Mid Jersey Trucking Industry Local 701 Welfare Fund Plan A & B 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.