Operative Plasters & Cement Masons Intl Association Local 262 Welfare Fund
Operative Plasters & Cement Masons Local 262 Welfare Fund maintains consistent financial surpluses and growing assets with no reported officer compensation.
EIN: 112478917 · Rockville Centre, NY · Updated: 2026-03-28
Is Operative Plasters & Cement Masons Intl Association Local 262 Welfare Fund Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Operative Plasters & Cement Masons Intl Association Local 262 Welfare Fund directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Operative Plasters & Cement Masons Intl Association Local 262 Welfare Fund
Operative Plasters & Cement Masons Intl Association Local 262 Welfare Fund (EIN: 112478917) is a nonprofit organization based in Rockville Centre, NY. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Operative Plasters & Cement Masons Intl Association Local 262 Welfare 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 Operative Plasters & Cement Masons Intl Association Local 262 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: 85%
- fundraising: 5%
According to IRS 990 filings, Operative Plasters & Cement Masons Intl Association Local 262 Welfare Fund 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 (2016)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $162K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.2%.
Executive Compensation Analysis
No officer compensation was reported across all six filing periods, indicating that executive leadership is either unpaid or compensated through other means not disclosed as officer compensation, which is a positive sign for resource allocation.
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 Operative Plasters & Cement Masons Intl Association Local 262 Welfare Fund's IRS 990 filings:
- NTEE Code is unknown, which can make it harder to categorize and compare the organization's mission and activities.
Strengths
The following positive indicators were identified for Operative Plasters & Cement Masons Intl Association Local 262 Welfare Fund:
- Consistent positive net income, with revenues exceeding expenses in all reported periods (e.g., $4,529,854 revenue vs. $4,367,655 expenses in 2016).
- Steady growth in assets, increasing from $7,054,015 in 2011 to $9,133,219 in 2016, indicating financial stability and accumulation of reserves.
- No reported officer compensation across all six filing periods, suggesting efficient use of funds and a focus on the organization's purpose.
- Relatively low liabilities compared to assets, demonstrating a strong balance sheet (e.g., $17,131 liabilities vs. $9,133,219 assets in 2016).
Frequently Asked Questions about Operative Plasters & Cement Masons Intl Association Local 262 Welfare Fund
Is Operative Plasters & Cement Masons Intl Association Local 262 Welfare Fund a legitimate charity?
Based on AI analysis of IRS 990 filings, Operative Plasters & Cement Masons Intl Association Local 262 Welfare Fund (EIN: 112478917) some concerns. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
How does Operative Plasters & Cement Masons Intl Association Local 262 Welfare Fund spend its money?
Operative Plasters & Cement Masons Intl Association Local 262 Welfare Fund directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Operative Plasters & Cement Masons Intl Association Local 262 Welfare Fund tax-deductible?
Operative Plasters & Cement Masons Intl Association Local 262 Welfare Fund is registered as a tax-exempt nonprofit (EIN: 112478917). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What are the specific programs funded by the Operative Plasters & Cement Masons Intl Association Local 262 Welfare Fund?
The provided data does not detail specific programs, but as a welfare fund, it typically provides benefits to members, such as health, pension, or other welfare benefits.
How does the organization manage its investment assets, which grew from $7 million to over $9 million?
The filings indicate asset growth, but do not provide details on investment strategies or performance. Further investigation into their investment portfolio would be needed.
What is the breakdown of expenses beyond total expenses, specifically for program services versus administrative costs?
The provided summary data only gives total expenses. A detailed breakdown of program, administrative, and fundraising expenses would require reviewing the full IRS Form 990.
Filing History
IRS 990 filing history for Operative Plasters & Cement Masons Intl Association Local 262 Welfare Fund showing financial trends over 6 years of public records:
Over 6 years of IRS 990 filings (2011–2016), Operative Plasters & Cement Masons Intl Association Local 262 Welfare Fund's revenue has grown by 44%, moving from $3.1M to $4.5M. Total assets increased by 29.5% over the same period, from $7.1M to $9.1M. Total functional expenses rose by 52.7%, from $2.9M to $4.4M. In its most recent filing year (2016), Operative Plasters & Cement Masons Intl Association Local 262 Welfare Fund reported a surplus of $162K, with revenue exceeding expenses. The organization holds $17K in liabilities against $9.1M in assets (debt-to-asset ratio: 0.2%), resulting in net assets of $9.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2016 | $4.5M | $4.4M | $9.1M | $17K | — | — |
| 2015 | $4.0M | $3.9M | $8.7M | $45K | — | View 990 |
| 2014 | $4.8M | $4.2M | $9.0M | $112K | — | View 990 |
| 2013 | $4.3M | $4.1M | $8.6M | $76K | — | View 990 |
| 2012 | $4.2M | $3.3M | $8.3M | $64K | — | View 990 |
| 2011 | $3.1M | $2.9M | $7.1M | $65K | — | View 990 |
Year-by-Year Financial Summary
- 2016: Revenue of $4.5M, expenses of $4.4M, and assets of $9.1M (revenue +12.9% year-over-year).
- 2015: Revenue of $4.0M, expenses of $3.9M, and assets of $8.7M (revenue -15.9% year-over-year).
- 2014: Revenue of $4.8M, expenses of $4.2M, and assets of $9.0M (revenue +12.1% year-over-year).
- 2013: Revenue of $4.3M, expenses of $4.1M, and assets of $8.6M (revenue +1.9% year-over-year).
- 2012: Revenue of $4.2M, expenses of $3.3M, and assets of $8.3M (revenue +32.7% year-over-year).
- 2011: Revenue of $3.1M, expenses of $2.9M, and assets of $7.1M.
Data Sources and Methodology
This transparency report for Operative Plasters & Cement Masons Intl Association Local 262 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.