Plumbers And Steamfitters Local No 21 Education And Training Fund
Plumbers And Steamfitters Local No 21 Education And Training Fund operates with no reported officer compensation, maintaining stable finances.
EIN: 134015617 · Peekskill, NY · NTEE: B30 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $3.2M |
| Total Expenses | $1.5M |
| Program Spending | 90% |
| Net Assets | $1.8M |
| Transparency Score | 90/100 |
Is Plumbers And Steamfitters Local No 21 Education And Training Fund Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Plumbers And Steamfitters Local No 21 Education And Training Fund directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Plumbers And Steamfitters Local No 21 Education And Training Fund
Plumbers And Steamfitters Local No 21 Education And Training Fund (EIN: 134015617) is a nonprofit organization based in Peekskill, NY, classified under NTEE code B30. The organization reported total revenue of $3.2M and total assets of $2.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Plumbers And Steamfitters Local No 21 Education And Training Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Plumbers And Steamfitters Local No 21 Education And Training Fund is a mid-size nonprofit that has been operating for 5 years, with 12 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.5M |
| Total Expenses | $1.5M |
| Surplus / Deficit | $-1,626 |
| Total Assets | $1.9M |
| Total Liabilities | $121K |
| Net Assets | $1.8M |
| Operating Margin | -0.1% |
| Debt-to-Asset Ratio | 6.3% |
| Months of Reserves | 15.4 months |
Financial Health Grade: B
In 2023, Plumbers And Steamfitters Local No 21 Education And Training Fund reported a deficit of $2K with expenses exceeding revenue, holds 15.4 months of operating reserves (strong position), has a debt-to-asset ratio of 6.3% (very low leverage).
Financial Trends
Over 12 years of filings (2011–2023), Plumbers And Steamfitters Local No 21 Education And Training Fund's revenue has grown at a compound annual growth rate (CAGR) of 4.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -6.3% | +5.0% | +8.1% |
| 2022 | +9.6% | -39.3% | -8.9% |
| 2021 | -14.6% | +98.6% | -25.2% |
| 2020 | -13.3% | +3.6% | +28.3% |
| 2019 | +64.4% | +2.9% | +69.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2021 |
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 Plumbers And Steamfitters Local No 21 Education And Training Fund with a Mission Score of 90 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, Plumbers And Steamfitters Local No 21 Education And Training 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 deficit of $2K, with expenses exceeding revenue.
- Debt-to-asset ratio: 6.3%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no salaries are paid to officers, which is highly unusual and suggests a volunteer-led or externally funded leadership structure for compensation.
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 Plumbers And Steamfitters Local No 21 Education And Training Fund:
- Consistent 0% officer compensation, indicating high efficiency and direct allocation of funds to mission.
- Stable financial position with growing assets over the long term, from $1,080,294 in 201406 to $1,919,592 in 202306.
- Low liabilities relative to assets, suggesting sound financial management.
- Regular and transparent IRS 990 filings over many years (12 filings).
Frequently Asked Questions about Plumbers And Steamfitters Local No 21 Education And Training Fund
Is Plumbers And Steamfitters Local No 21 Education And Training Fund a legitimate charity?
Plumbers And Steamfitters Local No 21 Education And Training Fund (EIN: 134015617) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 90/100. It has 12 years of IRS 990 filings on record. Total revenue: $3.2M. No red flags identified. 4 strengths noted. Financial health grade: B.
How does Plumbers And Steamfitters Local No 21 Education And Training Fund spend its money?
Plumbers And Steamfitters Local No 21 Education And Training Fund directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Plumbers And Steamfitters Local No 21 Education And Training Fund tax-deductible?
Plumbers And Steamfitters Local No 21 Education And Training Fund is registered as a tax-exempt nonprofit (EIN: 134015617). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Plumbers And Steamfitters Local No 21 Education And Training Fund compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Plumbers And Steamfitters Local No 21 Education And Training Fund is above average for NTEE category B30 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Plumbers And Steamfitters Local No 21 Education And Training Fund located?
Plumbers And Steamfitters Local No 21 Education And Training Fund is headquartered in Peekskill, New York and files with the IRS under EIN 134015617. It is classified under NTEE code B30.
How many years of IRS 990 filings does Plumbers And Steamfitters Local No 21 Education And Training Fund have?
Plumbers And Steamfitters Local No 21 Education And Training Fund has 12 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 $3.2M in total revenue.
How does the organization sustain its leadership without officer compensation?
The filings consistently show 0% officer compensation, suggesting that leadership may be volunteer-based, compensated through a related entity, or that the roles are structured in a way that does not involve direct salary payments from this specific fund. Further investigation into related organizations or specific operational models would be needed to fully understand this.
What are the primary sources of revenue for the fund?
While specific revenue breakdowns are not provided, the organization's NTEE code (B30 - Labor Unions/Related Organizations) and name suggest that revenue likely comes from union dues, training fees, grants, or contributions related to the plumbing and steamfitting industry.
How does the organization manage periods where expenses exceed revenue, such as in 202306 and 202106?
In periods where expenses exceeded revenue (e.g., $1,493,782 expenses vs. $1,492,156 revenue in 202306, or $2,345,735 expenses vs. $1,453,226 revenue in 202106), the organization likely draws upon its accumulated assets or reserves to cover the deficit. The consistent growth in assets over time suggests a healthy reserve capacity.
Filing History
IRS 990 filing history for Plumbers And Steamfitters Local No 21 Education And Training Fund showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2023), Plumbers And Steamfitters Local No 21 Education And Training Fund's revenue has grown by 68.1%, moving from $888K to $1.5M. Total assets increased by 23.1% over the same period, from $1.6M to $1.9M. Total functional expenses rose by 33.4%, from $1.1M to $1.5M. In its most recent filing year (2023), Plumbers And Steamfitters Local No 21 Education And Training Fund reported a deficit of $2K, with expenses exceeding revenue. The organization holds $121K in liabilities against $1.9M in assets (debt-to-asset ratio: 6.3%), resulting in net assets of $1.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.5M | $1.5M | $1.9M | $121K | — | View 990 |
| 2022 | $1.6M | $1.4M | $1.8M | $49K | — | View 990 |
| 2021 | $1.5M | $2.3M | $1.9M | $234K | — | View 990 |
| 2020 | $1.7M | $1.2M | $2.6M | $50K | — | View 990 |
| 2019 | $2.0M | $1.1M | $2.0M | $46K | — | View 990 |
| 2018 | $1.2M | $1.1M | $1.2M | $67K | — | View 990 |
| 2017 | $942K | $1.0M | $1.0M | $59K | — | View 990 |
| 2015 | $1.0M | $960K | $1.1M | $34K | — | View 990 |
| 2014 | $890K | $935K | $1.1M | $47K | — | View 990 |
| 2013 | $852K | $1.1M | $1.1M | $38K | — | View 990 |
| 2012 | $906K | $1.1M | $1.3M | $41K | — | View 990 |
| 2011 | $888K | $1.1M | $1.6M | $70K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.5M, expenses of $1.5M, and assets of $1.9M (revenue -6.3% year-over-year).
- 2022: Revenue of $1.6M, expenses of $1.4M, and assets of $1.8M (revenue +9.6% year-over-year).
- 2021: Revenue of $1.5M, expenses of $2.3M, and assets of $1.9M (revenue -14.6% year-over-year).
- 2020: Revenue of $1.7M, expenses of $1.2M, and assets of $2.6M (revenue -13.3% year-over-year).
- 2019: Revenue of $2.0M, expenses of $1.1M, and assets of $2.0M (revenue +64.4% year-over-year).
- 2018: Revenue of $1.2M, expenses of $1.1M, and assets of $1.2M (revenue +26.7% year-over-year).
- 2017: Revenue of $942K, expenses of $1.0M, and assets of $1.0M (revenue -8.4% year-over-year).
- 2015: Revenue of $1.0M, expenses of $960K, and assets of $1.1M (revenue +15.5% year-over-year).
- 2014: Revenue of $890K, expenses of $935K, and assets of $1.1M (revenue +4.4% year-over-year).
- 2013: Revenue of $852K, expenses of $1.1M, and assets of $1.1M (revenue -5.9% year-over-year).
- 2012: Revenue of $906K, expenses of $1.1M, and assets of $1.3M (revenue +2.0% year-over-year).
- 2011: Revenue of $888K, expenses of $1.1M, and assets of $1.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Plumbers And Steamfitters Local No 21 Education And Training Fund:
Data Sources and Methodology
This transparency report for Plumbers And Steamfitters Local No 21 Education And Training 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.