Northeastern New York District Council Pipefitters Welfare Fund
Pipefitters Welfare Fund consistently grows assets with no reported officer compensation.
EIN: 141418020 · Glens Falls, NY · Updated: 2026-03-28
Is Northeastern New York District Council Pipefitters Welfare Fund Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Northeastern New York District Council Pipefitters Welfare Fund directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Northeastern New York District Council Pipefitters Welfare Fund
Northeastern New York District Council Pipefitters Welfare Fund (EIN: 141418020) is a nonprofit organization based in Glens Falls, NY. The organization reported total revenue of $23.8M and total assets of $45.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Northeastern New York District Council Pipefitters Welfare Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Northeastern New York District Council Pipefitters Welfare Fund is a large nonprofit that has been operating for 44 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $6.5M |
| Total Expenses | $5.7M |
| Surplus / Deficit | +$775K |
| Total Assets | $38.8M |
| Total Liabilities | $83K |
| Net Assets | $38.7M |
| Operating Margin | 11.9% |
| Debt-to-Asset Ratio | 0.2% |
| Months of Reserves | 81.3 months |
Financial Health Grade: A
In 2023, Northeastern New York District Council Pipefitters Welfare Fund reported a surplus of $775K with revenue exceeding expenses, holds 81.3 months of operating reserves (strong position), has a debt-to-asset ratio of 0.2% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Northeastern New York District Council Pipefitters Welfare Fund's revenue has grown at a compound annual growth rate (CAGR) of 2.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -19.1% | +12.9% | +0.8% |
| 2022 | +1.6% | -6.6% | -4.4% |
| 2021 | +35.4% | +10.1% | +22.1% |
| 2020 | -14.5% | -0.9% | +6.5% |
| 2019 | +2.6% | -0.1% | +1.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1982 |
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 Northeastern New York District Council Pipefitters Welfare 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: 90%
- fundraising: 0%
According to IRS 990 filings, Northeastern New York District Council Pipefitters Welfare Fund allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. 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 surplus of $775K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.2%.
Executive Compensation Analysis
No officer compensation has been reported across all available IRS 990 filings, which is highly unusual for an organization managing tens of millions in assets and revenue. This suggests that executive functions may be performed by volunteers, compensated by a related entity, or that compensation falls below reporting thresholds, which would be atypical for an organization of this size.
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 Northeastern New York District Council Pipefitters Welfare Fund's IRS 990 filings:
- Lack of detailed functional expense breakdown (program, admin, fundraising) in provided data
- Unusually high liabilities reported in 202305 ($83,485) compared to previous years, warranting further investigation.
Strengths
The following positive indicators were identified for Northeastern New York District Council Pipefitters Welfare Fund:
- Consistent growth in assets, from $20.6M in 2014 to $45.8M currently, indicating strong financial management.
- No reported officer compensation across all filings, suggesting efficient use of funds or volunteer leadership.
- Consistent filing of IRS Form 990s, demonstrating transparency.
- Healthy revenue generation consistently exceeding expenses, contributing to fund stability.
Frequently Asked Questions about Northeastern New York District Council Pipefitters Welfare Fund
Is Northeastern New York District Council Pipefitters Welfare Fund a legitimate charity?
Based on AI analysis of IRS 990 filings, Northeastern New York District Council Pipefitters Welfare Fund (EIN: 141418020) some concerns. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
How does Northeastern New York District Council Pipefitters Welfare Fund spend its money?
Northeastern New York District Council Pipefitters Welfare Fund directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Northeastern New York District Council Pipefitters Welfare Fund tax-deductible?
Northeastern New York District Council Pipefitters Welfare Fund is registered as a tax-exempt nonprofit (EIN: 141418020). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does the organization manage to report $0 in officer compensation given its size?
The IRS 990 filings consistently show $0 for officer compensation. This could mean that officers are uncompensated, compensated by a related entity, or that their compensation falls below the reporting threshold for the 990, which would be unusual for an organization with assets exceeding $45 million.
What is the primary use of the significant revenue surplus observed in recent years?
The organization consistently generates more revenue than expenses, leading to substantial asset growth. For example, in 202305, revenue was $6,502,514 while expenses were $5,727,410. This surplus is likely retained to grow the fund's assets, ensuring long-term financial stability and the ability to meet future benefit obligations.
What are the specific types of welfare benefits provided by this fund?
While the filings indicate it is a 'Welfare Fund,' the specific types of benefits (e.g., health, pension, disability) are not detailed in the provided summary data. A review of the full 990 form would be necessary to understand the exact nature of the programs.
Filing History
IRS 990 filing history for Northeastern New York District Council Pipefitters Welfare Fund showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Northeastern New York District Council Pipefitters Welfare Fund's revenue has grown by 27.9%, moving from $5.1M to $6.5M. Total assets increased by 268.7% over the same period, from $10.5M to $38.8M. Total functional expenses rose by 112.4%, from $2.7M to $5.7M. In its most recent filing year (2023), Northeastern New York District Council Pipefitters Welfare Fund reported a surplus of $775K, with revenue exceeding expenses. The organization holds $83K in liabilities against $38.8M in assets (debt-to-asset ratio: 0.2%), resulting in net assets of $38.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $6.5M | $5.7M | $38.8M | $83K | — | View 990 |
| 2022 | $8.0M | $5.1M | $38.5M | $505K | — | View 990 |
| 2021 | $7.9M | $5.4M | $40.3M | $544K | — | View 990 |
| 2020 | $5.8M | $4.9M | $33.0M | $86K | — | — |
| 2019 | $6.8M | $5.0M | $31.0M | $71K | — | View 990 |
| 2018 | $6.7M | $5.0M | $30.5M | $2.1M | — | View 990 |
| 2017 | $5.3M | $4.8M | $26.1M | $273K | — | View 990 |
| 2016 | $7.6M | $4.7M | $23.8M | $135K | — | View 990 |
| 2015 | $6.3M | $3.7M | $29.2M | $6.7M | — | View 990 |
| 2014 | $7.9M | $3.4M | $20.7M | $714K | — | View 990 |
| 2013 | $4.9M | $3.8M | $14.6M | $3K | — | View 990 |
| 2012 | $5.6M | $3.2M | $12.4M | $3K | — | View 990 |
| 2011 | $5.1M | $2.7M | $10.5M | $3K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $6.5M, expenses of $5.7M, and assets of $38.8M (revenue -19.1% year-over-year).
- 2022: Revenue of $8.0M, expenses of $5.1M, and assets of $38.5M (revenue +1.6% year-over-year).
- 2021: Revenue of $7.9M, expenses of $5.4M, and assets of $40.3M (revenue +35.4% year-over-year).
- 2020: Revenue of $5.8M, expenses of $4.9M, and assets of $33.0M (revenue -14.5% year-over-year).
- 2019: Revenue of $6.8M, expenses of $5.0M, and assets of $31.0M (revenue +2.6% year-over-year).
- 2018: Revenue of $6.7M, expenses of $5.0M, and assets of $30.5M (revenue +24.9% year-over-year).
- 2017: Revenue of $5.3M, expenses of $4.8M, and assets of $26.1M (revenue -29.6% year-over-year).
- 2016: Revenue of $7.6M, expenses of $4.7M, and assets of $23.8M (revenue +20.7% year-over-year).
- 2015: Revenue of $6.3M, expenses of $3.7M, and assets of $29.2M (revenue -20.1% year-over-year).
- 2014: Revenue of $7.9M, expenses of $3.4M, and assets of $20.7M (revenue +60.5% year-over-year).
- 2013: Revenue of $4.9M, expenses of $3.8M, and assets of $14.6M (revenue -11.9% year-over-year).
- 2012: Revenue of $5.6M, expenses of $3.2M, and assets of $12.4M (revenue +9.3% year-over-year).
- 2011: Revenue of $5.1M, expenses of $2.7M, and assets of $10.5M.
Data Sources and Methodology
This transparency report for Northeastern New York District Council Pipefitters Welfare 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.