Noitu Insurance Trust Fund
Noitu Insurance Trust Fund maintains substantial assets and consistent revenue, with no reported officer compensation.
EIN: 111740492 · Jamaica, NY · Updated: 2026-03-28
Is Noitu Insurance Trust Fund Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Noitu Insurance Trust Fund directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Noitu Insurance Trust Fund
Noitu Insurance Trust Fund (EIN: 111740492) is a nonprofit organization based in Jamaica, NY. The organization reported total revenue of $62.3M and total assets of $160.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Noitu Insurance Trust 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 Noitu Insurance Trust Fund with a Mission Score of 65 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Noitu Insurance Trust Fund allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, which is highly unusual for an entity managing over $160 million in assets and $60 million in annual revenue. This could indicate that compensation is structured differently (e.g., through management fees to an external entity) or not reported under this specific line item, raising questions about the true cost of executive leadership.
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 Noitu Insurance Trust Fund's IRS 990 filings:
- Consistent 0% officer compensation for a large organization, raising transparency concerns.
- Unknown NTEE code and lack of clear mission statement in the provided data, hindering programmatic assessment.
- Absence of detailed expense breakdown (program, admin, fundraising) in the summary data.
Strengths
The following positive indicators were identified for Noitu Insurance Trust Fund:
- Consistent revenue generation, with latest revenue at $62.3 million.
- Strong asset growth, increasing from $85.7 million in 2014 to $160.2 million currently.
- Maintains a healthy asset-to-liability ratio, indicating financial stability (e.g., $149.4M assets vs $15.9M liabilities in 2023).
Frequently Asked Questions about Noitu Insurance Trust Fund
Is Noitu Insurance Trust Fund a legitimate charity?
Based on AI analysis of IRS 990 filings, Noitu Insurance Trust Fund (EIN: 111740492) some concerns. Mission Score: 65/100. 3 red flags identified, 3 strengths noted.
How does Noitu Insurance Trust Fund spend its money?
Noitu Insurance Trust Fund directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Noitu Insurance Trust Fund tax-deductible?
Noitu Insurance Trust Fund is registered as a tax-exempt nonprofit (EIN: 111740492). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Why is officer compensation consistently reported as 0%?
The consistent reporting of 0% officer compensation for an organization of this size (over $60M in revenue and $160M in assets) is highly unusual and warrants further investigation. It could mean that executive leadership is compensated through other means not categorized as 'officer compensation' on the 990, or that the organization is managed by an external entity.
What is the NTEE code and specific mission of Noitu Insurance Trust Fund?
The NTEE code is currently unknown, and without it, the specific mission and programmatic activities of Noitu Insurance Trust Fund are unclear. Understanding its mission is crucial for evaluating its effectiveness and alignment with its financial activities.
What are the detailed breakdowns of program, administrative, and fundraising expenses?
The provided data only shows total expenses. A detailed breakdown of how these expenses are allocated among programs, administration, and fundraising is essential to accurately assess the organization's spending efficiency and the proportion of funds directly supporting its mission.
Filing History
IRS 990 filing history for Noitu Insurance Trust Fund showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Noitu Insurance Trust Fund's revenue has grown by 38.8%, moving from $35.8M to $49.7M. Total assets increased by 134.3% over the same period, from $63.8M to $149.4M. Total functional expenses rose by 39.4%, from $32.4M to $45.2M. In its most recent filing year (2023), Noitu Insurance Trust Fund reported a surplus of $4.5M, with revenue exceeding expenses. The organization holds $15.9M in liabilities against $149.4M in assets (debt-to-asset ratio: 10.6%), resulting in net assets of $133.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $49.7M | $45.2M | $149.4M | $15.9M | — | — |
| 2022 | $46.3M | $43.9M | $131.1M | $15.0M | — | — |
| 2021 | $71.5M | $46.0M | $148.8M | $14.5M | — | View 990 |
| 2020 | $50.3M | $45.4M | $137.2M | $17.9M | — | View 990 |
| 2019 | $46.3M | $45.0M | $123.1M | $16.0M | — | — |
| 2018 | $48.1M | $44.3M | $106.1M | $13.8M | — | View 990 |
| 2017 | $44.6M | $39.7M | $109.9M | $14.7M | — | — |
| 2016 | $42.2M | $41.0M | $94.7M | $11.4M | — | View 990 |
| 2015 | $40.2M | $36.9M | $88.5M | $9.9M | — | View 990 |
| 2014 | $38.1M | $35.4M | $85.8M | $9.5M | — | View 990 |
| 2013 | $36.7M | $30.7M | $81.2M | $5.2M | — | View 990 |
| 2012 | $41.4M | $30.9M | $69.6M | $4.8M | — | View 990 |
| 2011 | $35.8M | $32.4M | $63.8M | $5.0M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $49.7M, expenses of $45.2M, and assets of $149.4M (revenue +7.3% year-over-year).
- 2022: Revenue of $46.3M, expenses of $43.9M, and assets of $131.1M (revenue -35.2% year-over-year).
- 2021: Revenue of $71.5M, expenses of $46.0M, and assets of $148.8M (revenue +42.3% year-over-year).
- 2020: Revenue of $50.3M, expenses of $45.4M, and assets of $137.2M (revenue +8.6% year-over-year).
- 2019: Revenue of $46.3M, expenses of $45.0M, and assets of $123.1M (revenue -3.7% year-over-year).
- 2018: Revenue of $48.1M, expenses of $44.3M, and assets of $106.1M (revenue +7.7% year-over-year).
- 2017: Revenue of $44.6M, expenses of $39.7M, and assets of $109.9M (revenue +5.6% year-over-year).
- 2016: Revenue of $42.2M, expenses of $41.0M, and assets of $94.7M (revenue +5.2% year-over-year).
- 2015: Revenue of $40.2M, expenses of $36.9M, and assets of $88.5M (revenue +5.4% year-over-year).
- 2014: Revenue of $38.1M, expenses of $35.4M, and assets of $85.8M (revenue +4.0% year-over-year).
- 2013: Revenue of $36.7M, expenses of $30.7M, and assets of $81.2M (revenue -11.5% year-over-year).
- 2012: Revenue of $41.4M, expenses of $30.9M, and assets of $69.6M (revenue +15.6% year-over-year).
- 2011: Revenue of $35.8M, expenses of $32.4M, and assets of $63.8M.
Data Sources and Methodology
This transparency report for Noitu Insurance Trust 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.