New Jersey Laborers Employers Cooperation & Education Tr
New Jersey Laborers Fund Shows Strong Financial Growth, Low Overhead
EIN: 223060614 · East Brunswick, NJ · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $9.1M |
| Total Expenses | $7.1M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $0 |
| Net Assets | $12.1M |
| Transparency Score | 85/100 |
Is New Jersey Laborers Employers Cooperation & Education Tr Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
New Jersey Laborers Employers Cooperation & Education Tr directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About New Jersey Laborers Employers Cooperation & Education Tr
New Jersey Laborers Employers Cooperation & Education Tr (EIN: 223060614) is a nonprofit organization based in East Brunswick, NJ. The organization reported total revenue of $9.1M and total assets of $33.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of New Jersey Laborers Employers Cooperation & Education Tr's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
New Jersey Laborers Employers Cooperation & Education Tr is a mid-size nonprofit that has been operating for 35 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 7.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $6.7M |
| Total Expenses | $7.1M |
| Surplus / Deficit | $-371,295 |
| Total Assets | $30.8M |
| Total Liabilities | $18.7M |
| Net Assets | $12.1M |
| Operating Margin | -5.6% |
| Debt-to-Asset Ratio | 60.6% |
| Months of Reserves | 52.4 months |
Financial Health Grade: C
In 2023, New Jersey Laborers Employers Cooperation & Education Tr reported a deficit of $371K with expenses exceeding revenue, holds 52.4 months of operating reserves (strong position), has a debt-to-asset ratio of 60.6% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), New Jersey Laborers Employers Cooperation & Education Tr's revenue has grown at a compound annual growth rate (CAGR) of 7.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +2.9% | +430.5% | +8.7% |
| 2022 | +5.7% | -66.8% | +39.9% |
| 2021 | -3.5% | -32.8% | +13.3% |
| 2020 | +6.0% | +29.1% | +21.0% |
| 2019 | +35.3% | +38.7% | +26.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1991 |
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 New Jersey Laborers Employers Cooperation & Education Tr 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: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, New Jersey Laborers Employers Cooperation & Education Tr allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. With 90% 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 $371K, with expenses exceeding revenue.
- Debt-to-asset ratio: 60.6%.
Executive Compensation Analysis
Executive compensation is reported as $0 across all available filings, suggesting leadership is either volunteer-based or compensated through an affiliated entity not detailed in these specific 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 New Jersey Laborers Employers Cooperation & Education Tr:
- Consistent revenue growth from $3.8M in 2016 to $6.6M in 2022 (excluding 2023 data provided separately).
- Significant asset accumulation, growing from $9.8M in 2016 to $30.8M in 2023.
- Very low administrative and fundraising expenses, indicating efficient operations.
- Strong financial health with increasing net assets over the years.
Frequently Asked Questions about New Jersey Laborers Employers Cooperation & Education Tr
Is New Jersey Laborers Employers Cooperation & Education Tr a legitimate charity?
Based on AI analysis of IRS 990 filings, New Jersey Laborers Employers Cooperation & Education Tr (EIN: 223060614) appears legitimate. Mission Score: 85/100. 0 red flags identified, 4 strengths noted.
How does New Jersey Laborers Employers Cooperation & Education Tr spend its money?
New Jersey Laborers Employers Cooperation & Education Tr directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to New Jersey Laborers Employers Cooperation & Education Tr tax-deductible?
New Jersey Laborers Employers Cooperation & Education Tr is registered as a tax-exempt nonprofit (EIN: 223060614). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the New Jersey Laborers Employers Cooperation & Education Tr CEO make?
New Jersey Laborers Employers Cooperation & Education Tr's highest-compensated officer earns $0 annually. The organization reported $9.1M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of New Jersey Laborers Employers Cooperation & Education Tr's spending goes to programs?
New Jersey Laborers Employers Cooperation & Education Tr directs 90% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is New Jersey Laborers Employers Cooperation & Education Tr located?
New Jersey Laborers Employers Cooperation & Education Tr is headquartered in East Brunswick, New Jersey and files with the IRS under EIN 223060614.
How many years of IRS 990 filings does New Jersey Laborers Employers Cooperation & Education Tr have?
New Jersey Laborers Employers Cooperation & Education Tr 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 $9.1M in total revenue.
What does New Jersey Laborers Employers Cooperation & Education Tr do?
New Jersey Laborers Employers Cooperation & Education Tr is a nonprofit organization in the Unknown sector, located in East Brunswick, New Jersey. It is classified under NTEE code Unknown.
How much revenue does New Jersey Laborers Employers Cooperation & Education Tr have?
New Jersey Laborers Employers Cooperation & Education Tr reported total revenue of $9,105,926. Based on 13 IRS 990 filings on record.
What are New Jersey Laborers Employers Cooperation & Education Tr's total assets?
New Jersey Laborers Employers Cooperation & Education Tr holds total assets of $33,068,426 as reported in IRS 990 filings.
Where is New Jersey Laborers Employers Cooperation & Education Tr located?
New Jersey Laborers Employers Cooperation & Education Tr is based in East Brunswick, New Jersey.
What is New Jersey Laborers Employers Cooperation & Education Tr's EIN?
New Jersey Laborers Employers Cooperation & Education Tr's Employer Identification Number (EIN) is 223060614. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is New Jersey Laborers Employers Cooperation & Education Tr?
New Jersey Laborers Employers Cooperation & Education Tr is classified under NTEE code Unknown (Unknown).
Is New Jersey Laborers Employers Cooperation & Education Tr a registered 501(c)(3)?
New Jersey Laborers Employers Cooperation & Education Tr appears in IRS records (EIN: 223060614). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does New Jersey Laborers Employers Cooperation & Education Tr file IRS Form 990?
Yes, New Jersey Laborers Employers Cooperation & Education Tr has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was New Jersey Laborers Employers Cooperation & Education Tr's revenue in 2023?
In the 202312 filing period, New Jersey Laborers Employers Cooperation & Education Tr reported total revenue of $6,689,575, total expenses of $7,060,870, and net assets of $30,829,997.
Is New Jersey Laborers Employers Cooperation & Education Tr's revenue growing or declining?
New Jersey Laborers Employers Cooperation & Education Tr's revenue is relatively stable. Revenue went from $6,502,865 (202212) to $6,689,575 (202312), a +2.9% change. Based on 13 filings on record.
What is New Jersey Laborers Employers Cooperation & Education Tr's most recent 990 filing?
The most recent IRS Form 990 filing for New Jersey Laborers Employers Cooperation & Education Tr covers tax period 202312. It shows revenue of $6,689,575, expenses of $7,060,870, total assets of $30,829,997, and liabilities of $18,695,831.
How much does New Jersey Laborers Employers Cooperation & Education Tr spend on programs vs administration?
Based on IRS 990 analysis, New Jersey Laborers Employers Cooperation & Education Tr allocates approximately 90% of expenses to program services, 5% to administrative costs, and 5% to fundraising. This indicates strong program focus.
Is New Jersey Laborers Employers Cooperation & Education Tr a trustworthy charity?
Based on AI analysis of IRS 990 data, New Jersey Laborers Employers Cooperation & Education Tr appears trustworthy. Mission Score: 85/100 (Excellent). No red flags identified. 4 strengths noted.
What are New Jersey Laborers Employers Cooperation & Education Tr's strengths?
Positive indicators for New Jersey Laborers Employers Cooperation & Education Tr include: Consistent revenue growth from $3.8M in 2016 to $6.6M in 2022 (excluding 2023 data provided separately).. Significant asset accumulation, growing from $9.8M in 2016 to $30.8M in 2023.. Very low administrative and fundraising expenses, indicating efficient operations.. Strong financial health with increasing net assets over the years.. These findings are derived from AI analysis of the organization's financial filings.
How does New Jersey Laborers Employers Cooperation & Education Tr compensate executives?
Executive compensation is reported as $0 across all available filings, suggesting leadership is either volunteer-based or compensated through an affiliated entity not detailed in these specific filings. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the reported $0 executive compensation, how is the organization's leadership compensated or supported, and what is the nature of their operational structure?
The filings consistently report $0 for compensation to officers, directors, trustees, and key employees. This suggests that leadership may be volunteer-based, compensated by a related entity, or that the organization's operational model relies on external support for its executive functions, which would warrant further investigation into its affiliations.
Filing History
IRS 990 filing history for New Jersey Laborers Employers Cooperation & Education Tr showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), New Jersey Laborers Employers Cooperation & Education Tr's revenue has grown by 137.5%, moving from $2.8M to $6.7M. Total assets increased by 299.3% over the same period, from $7.7M to $30.8M. Total functional expenses rose by 7.9%, from $6.5M to $7.1M. In its most recent filing year (2023), New Jersey Laborers Employers Cooperation & Education Tr reported a deficit of $371K, with expenses exceeding revenue. The organization holds $18.7M in liabilities against $30.8M in assets (debt-to-asset ratio: 60.6%), resulting in net assets of $12.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $6.7M | $7.1M | $30.8M | $18.7M | — | View 990 |
| 2022 | $6.5M | $1.3M | $28.4M | $16.5M | — | — |
| 2021 | $6.2M | $4.0M | $20.3M | $12.8M | — | View 990 |
| 2020 | $6.4M | $6.0M | $17.9M | $12.5M | — | — |
| 2019 | $6.0M | $4.6M | $14.8M | $10.2M | — | View 990 |
| 2018 | $4.4M | $3.3M | $11.7M | $8.9M | — | View 990 |
| 2017 | $4.1M | $5.1M | $10.9M | $9.1M | — | — |
| 2016 | $3.9M | $4.4M | $9.8M | $7.1M | — | View 990 |
| 2015 | $3.9M | $2.3M | $9.7M | $6.5M | — | View 990 |
| 2014 | $3.6M | $5.7M | $9.2M | $7.6M | — | View 990 |
| 2013 | $3.5M | $2.5M | $8.8M | $5.1M | — | View 990 |
| 2012 | $3.2M | $3.8M | $8.1M | $5.4M | — | View 990 |
| 2011 | $2.8M | $6.5M | $7.7M | $4.4M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $6.7M, expenses of $7.1M, and assets of $30.8M (revenue +2.9% year-over-year).
- 2022: Revenue of $6.5M, expenses of $1.3M, and assets of $28.4M (revenue +5.7% year-over-year).
- 2021: Revenue of $6.2M, expenses of $4.0M, and assets of $20.3M (revenue -3.5% year-over-year).
- 2020: Revenue of $6.4M, expenses of $6.0M, and assets of $17.9M (revenue +6.0% year-over-year).
- 2019: Revenue of $6.0M, expenses of $4.6M, and assets of $14.8M (revenue +35.3% year-over-year).
- 2018: Revenue of $4.4M, expenses of $3.3M, and assets of $11.7M (revenue +8.9% year-over-year).
- 2017: Revenue of $4.1M, expenses of $5.1M, and assets of $10.9M (revenue +5.2% year-over-year).
- 2016: Revenue of $3.9M, expenses of $4.4M, and assets of $9.8M (revenue -1.0% year-over-year).
- 2015: Revenue of $3.9M, expenses of $2.3M, and assets of $9.7M (revenue +10.1% year-over-year).
- 2014: Revenue of $3.6M, expenses of $5.7M, and assets of $9.2M (revenue +0.5% year-over-year).
- 2013: Revenue of $3.5M, expenses of $2.5M, and assets of $8.8M (revenue +11.7% year-over-year).
- 2012: Revenue of $3.2M, expenses of $3.8M, and assets of $8.1M (revenue +12.6% year-over-year).
- 2011: Revenue of $2.8M, expenses of $6.5M, and assets of $7.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for New Jersey Laborers Employers Cooperation & Education Tr:
Data Sources and Methodology
This transparency report for New Jersey Laborers Employers Cooperation & Education Tr 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.