Plumbers Local Union No 1 Trade & Education Fund

Plumbers Local Union No 1 Trade & Education Fund shows consistent revenue, asset growth, and no officer compensation.

EIN: 111805197 · Long Is City, NY · NTEE: J40Z · Updated: 2026-03-28

$6.8MRevenue

$17.0MAssets

85/100Mission Score (Excellent)

J40Z

About Plumbers Local Union No 1 Trade & Education Fund

Plumbers Local Union No 1 Trade & Education Fund (EIN: 111805197) is a nonprofit organization based in Long Is City, NY, classified under NTEE code J40Z. The organization reported total revenue of $6.8M and total assets of $17.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Plumbers Local Union No 1 Trade & Education Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Plumbers Local Union No 1 Trade & Education Fund demonstrates consistent financial activity, with revenues generally exceeding expenses in recent years, contributing to a healthy growth in assets. For instance, in 2023, revenue was $5,744,634 against expenses of $4,930,681, resulting in a surplus. The organization's assets have shown significant growth, increasing from $9,535,611 in 2019 to $18,039,299 in 2023, indicating sound financial management and accumulation of resources. Liabilities have fluctuated but remain manageable relative to assets, suggesting good financial stability.

The organization's primary function, as indicated by its NTEE code (J40Z - Labor Unions and Auxiliaries), is likely focused on trade education and support for plumbers. Without detailed expense breakdowns, it's challenging to precisely assess spending efficiency across programs, administration, and fundraising. However, the consistent operational surpluses suggest that the organization is effectively managing its resources to support its mission. The absence of reported officer compensation further enhances its transparency and indicates that leadership is not drawing salaries from the organization's funds, which is a positive sign for donor confidence.

Overall, the financial data points to a well-managed and financially stable organization. The growth in assets and consistent revenue generation, coupled with no reported officer compensation, suggests a strong commitment to its stated purpose. Further transparency regarding detailed program spending would provide an even clearer picture of its impact and efficiency.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Plumbers Local Union No 1 Trade & Education 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, Plumbers Local Union No 1 Trade & Education 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.

Executive Compensation Analysis

The organization reports 0% officer compensation across all available filings, indicating that its leadership is not drawing salaries from the organization's funds, which is a strong positive for financial stewardship.

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 Local Union No 1 Trade & Education Fund:

Consistent revenue generation, with $5,744,634 in 2023.
Significant asset growth, reaching $18,039,299 in 2023 from $9,535,611 in 2019.
No reported officer compensation across all filings, indicating strong financial stewardship.
Expenses consistently lower than revenue in recent years, leading to operational surpluses.
Healthy asset-to-liability ratio, demonstrating financial stability.

Frequently Asked Questions about Plumbers Local Union No 1 Trade & Education Fund

Is Plumbers Local Union No 1 Trade & Education Fund a good charity?

Based on the available financial data, the organization appears to be financially healthy, with consistent revenue, growing assets, and no reported officer compensation. This suggests good financial management and a strong commitment to its mission.

How has the organization's financial health changed over time?

The organization has shown significant financial growth, with assets nearly doubling from $9,535,611 in 2019 to $18,039,299 in 2023. Revenue has also steadily increased from $4,178,847 in 2019 to $5,744,634 in 2023, indicating robust financial performance.

What is the organization's approach to executive compensation?

The organization reports 0% officer compensation in all available filings, indicating that no salaries are paid to officers from the organization's funds, which is a highly positive indicator of financial responsibility.

Filing History

IRS 990 filing history for Plumbers Local Union No 1 Trade & Education Fund showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Plumbers Local Union No 1 Trade & Education Fund's revenue has grown by 106.7%, moving from $2.8M to $5.7M. Total assets increased by 26.4% over the same period, from $14.3M to $18.0M. Total functional expenses rose by 51.5%, from $3.3M to $4.9M. In its most recent filing year (2023), Plumbers Local Union No 1 Trade & Education Fund reported a surplus of $814K, with revenue exceeding expenses. The organization holds $3.8M in liabilities against $18.0M in assets (debt-to-asset ratio: 20.9%), resulting in net assets of $14.3M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$5.7M	$4.9M	$18.0M	$3.8M	—	—
2022	$6.4M	$4.7M	$18.9M	$5.7M	—	—
2021	$6.0M	$3.6M	$14.1M	$1.9M	—	View 990
2020	$4.8M	$4.2M	$10.3M	$514K	—	—
2019	$4.2M	$4.5M	$9.5M	$562K	—	View 990
2018	$4.2M	$4.6M	$9.7M	$649K	—	View 990
2017	$4.0M	$4.4M	$10.1M	$543K	—	—
2016	$3.5M	$4.2M	$10.4M	$598K	—	View 990
2015	$3.7M	$4.0M	$12.1M	$1.8M	—	View 990
2014	$1.3M	$3.9M	$12.4M	$1.8M	—	View 990
2013	$3.4M	$3.6M	$13.6M	$447K	—	View 990
2012	$3.0M	$3.4M	$13.9M	$363K	—	View 990
2011	$2.8M	$3.3M	$14.3M	$397K	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $5.7M, expenses of $4.9M, and assets of $18.0M (revenue -10.7% year-over-year).
2022: Revenue of $6.4M, expenses of $4.7M, and assets of $18.9M (revenue +7.2% year-over-year).
2021: Revenue of $6.0M, expenses of $3.6M, and assets of $14.1M (revenue +24.8% year-over-year).
2020: Revenue of $4.8M, expenses of $4.2M, and assets of $10.3M (revenue +15.1% year-over-year).
2019: Revenue of $4.2M, expenses of $4.5M, and assets of $9.5M (revenue -1.6% year-over-year).
2018: Revenue of $4.2M, expenses of $4.6M, and assets of $9.7M (revenue +7.2% year-over-year).
2017: Revenue of $4.0M, expenses of $4.4M, and assets of $10.1M (revenue +11.9% year-over-year).
2016: Revenue of $3.5M, expenses of $4.2M, and assets of $10.4M (revenue -4.8% year-over-year).
2015: Revenue of $3.7M, expenses of $4.0M, and assets of $12.1M (revenue +186.5% year-over-year).
2014: Revenue of $1.3M, expenses of $3.9M, and assets of $12.4M (revenue -61.3% year-over-year).
2013: Revenue of $3.4M, expenses of $3.6M, and assets of $13.6M (revenue +11.7% year-over-year).
2012: Revenue of $3.0M, expenses of $3.4M, and assets of $13.9M (revenue +8.0% year-over-year).
2011: Revenue of $2.8M, expenses of $3.3M, and assets of $14.3M.

Data Sources and Methodology

This transparency report for Plumbers Local Union No 1 Trade & Education 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.