Seafarers Joint Employment Fund
Seafarers Joint Employment Fund maintains strong assets with consistent spending and no reported officer compensation.
EIN: 116137531 · Camp Springs, MD · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $24.1M |
| Total Expenses | $8.3M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $7 |
| Net Assets | $19.5M |
| Transparency Score | 80/100 |
Is Seafarers Joint Employment Fund Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Seafarers Joint Employment Fund directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Seafarers Joint Employment Fund
Seafarers Joint Employment Fund (EIN: 116137531) is a nonprofit organization based in Camp Springs, MD. The organization reported total revenue of $24.1M and total assets of $21.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Seafarers Joint Employment Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Seafarers Joint Employment Fund is a large nonprofit that has been operating for 56 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $7.8M |
| Total Expenses | $8.3M |
| Surplus / Deficit | $-511,747 |
| Total Assets | $20.4M |
| Total Liabilities | $976K |
| Net Assets | $19.5M |
| Operating Margin | -6.6% |
| Debt-to-Asset Ratio | 4.8% |
| Months of Reserves | 29.5 months |
Financial Health Grade: B
In 2023, Seafarers Joint Employment Fund reported a deficit of $512K with expenses exceeding revenue, holds 29.5 months of operating reserves (strong position), has a debt-to-asset ratio of 4.8% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Seafarers Joint Employment Fund's revenue has grown at a compound annual growth rate (CAGR) of 2.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +4.1% | -1.1% | +0.1% |
| 2022 | -2.6% | +11.7% | -6.9% |
| 2021 | -3.7% | -1.5% | -0.4% |
| 2020 | +9.6% | -1.7% | +1.3% |
| 2019 | +5.2% | +3.9% | +1.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 3000 |
| IRS Ruling Date | 1970 |
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 Seafarers Joint Employment Fund with a Mission Score of 80 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, Seafarers Joint Employment 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $512K, with expenses exceeding revenue.
- Debt-to-asset ratio: 4.8%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no officers receive compensation directly from the organization as reported on the 990, which is highly unusual for an organization with annual expenses exceeding $7 million.
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 Seafarers Joint Employment Fund's IRS 990 filings:
- Lack of detailed functional expense breakdown makes it difficult to assess program efficiency.
- Consistent reporting of zero officer compensation for an organization with multi-million dollar expenses is unusual and warrants further inquiry into how leadership is compensated or structured.
Strengths
The following positive indicators were identified for Seafarers Joint Employment Fund:
- Strong and consistent asset base, typically over $20 million, indicating financial stability.
- Low liabilities relative to assets, demonstrating sound financial management.
- Consistent filing of IRS 990s, indicating good transparency in financial reporting.
- No reported officer compensation, suggesting a potentially very lean administrative cost structure.
Frequently Asked Questions about Seafarers Joint Employment Fund
Is Seafarers Joint Employment Fund a legitimate charity?
Based on AI analysis of IRS 990 filings, Seafarers Joint Employment Fund (EIN: 116137531) some concerns. Mission Score: 80/100. 2 red flags identified, 4 strengths noted.
How does Seafarers Joint Employment Fund spend its money?
Seafarers Joint Employment Fund directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Seafarers Joint Employment Fund tax-deductible?
Seafarers Joint Employment Fund is registered as a tax-exempt nonprofit (EIN: 116137531). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Seafarers Joint Employment Fund CEO make?
Seafarers Joint Employment Fund's highest-compensated officer earns $7 annually. The organization reported $24.1M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Seafarers Joint Employment Fund's spending goes to programs?
Seafarers Joint Employment Fund directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Seafarers Joint Employment Fund located?
Seafarers Joint Employment Fund is headquartered in Camp Springs, Maryland and files with the IRS under EIN 116137531.
How many years of IRS 990 filings does Seafarers Joint Employment Fund have?
Seafarers Joint Employment Fund has 13 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 $24.1M in total revenue.
Is Seafarers Joint Employment Fund a good charity?
Based on the available financial data, the organization appears financially stable with substantial assets and no reported officer compensation. However, without a detailed breakdown of program spending, it's difficult to fully assess its charitable effectiveness. The consistent financial health and lack of executive compensation are positive indicators.
How does the organization manage its significant assets?
The organization consistently holds assets exceeding $20 million, while annual expenses are typically around $7-8 million. This suggests a substantial endowment or investment portfolio, which contributes to its long-term financial stability.
Why is there no officer compensation reported?
The IRS 990 filings consistently show 0% officer compensation. This could mean that officers are volunteers, compensated by a related entity, or that their compensation falls below the reporting threshold, though the latter is unlikely for an organization of this size. It's a notable financial characteristic.
Filing History
IRS 990 filing history for Seafarers Joint Employment Fund showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Seafarers Joint Employment Fund's revenue has grown by 31%, moving from $5.9M to $7.8M. Total assets increased by 148.4% over the same period, from $8.2M to $20.4M. Total functional expenses rose by 0.2%, from $8.3M to $8.3M. In its most recent filing year (2023), Seafarers Joint Employment Fund reported a deficit of $512K, with expenses exceeding revenue. The organization holds $976K in liabilities against $20.4M in assets (debt-to-asset ratio: 4.8%), resulting in net assets of $19.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $7.8M | $8.3M | $20.4M | $976K | — | — |
| 2022 | $7.5M | $8.4M | $20.4M | $1.3M | — | View 990 |
| 2021 | $7.7M | $7.5M | $21.9M | $932K | — | View 990 |
| 2020 | $8.0M | $7.6M | $22.0M | $749K | — | View 990 |
| 2019 | $7.3M | $7.8M | $21.7M | $1.0M | — | — |
| 2018 | $6.9M | $7.5M | $21.4M | $802K | — | View 990 |
| 2017 | $6.7M | $7.4M | $22.0M | $578K | — | View 990 |
| 2016 | $16.1M | $7.4M | $23.0M | $1.0M | — | View 990 |
| 2015 | $3.9M | $4.9M | $14.3M | $918K | — | View 990 |
| 2014 | $8.4M | $7.0M | $15.3M | $775K | — | View 990 |
| 2013 | $14.8M | $7.1M | $14.1M | $834K | — | View 990 |
| 2012 | $5.8M | $7.3M | $6.8M | $1.3M | — | View 990 |
| 2011 | $5.9M | $8.3M | $8.2M | $1.1M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $7.8M, expenses of $8.3M, and assets of $20.4M (revenue +4.1% year-over-year).
- 2022: Revenue of $7.5M, expenses of $8.4M, and assets of $20.4M (revenue -2.6% year-over-year).
- 2021: Revenue of $7.7M, expenses of $7.5M, and assets of $21.9M (revenue -3.7% year-over-year).
- 2020: Revenue of $8.0M, expenses of $7.6M, and assets of $22.0M (revenue +9.6% year-over-year).
- 2019: Revenue of $7.3M, expenses of $7.8M, and assets of $21.7M (revenue +5.2% year-over-year).
- 2018: Revenue of $6.9M, expenses of $7.5M, and assets of $21.4M (revenue +3.7% year-over-year).
- 2017: Revenue of $6.7M, expenses of $7.4M, and assets of $22.0M (revenue -58.7% year-over-year).
- 2016: Revenue of $16.1M, expenses of $7.4M, and assets of $23.0M (revenue +316.0% year-over-year).
- 2015: Revenue of $3.9M, expenses of $4.9M, and assets of $14.3M (revenue -53.7% year-over-year).
- 2014: Revenue of $8.4M, expenses of $7.0M, and assets of $15.3M (revenue -43.3% year-over-year).
- 2013: Revenue of $14.8M, expenses of $7.1M, and assets of $14.1M (revenue +155.4% year-over-year).
- 2012: Revenue of $5.8M, expenses of $7.3M, and assets of $6.8M (revenue -2.6% year-over-year).
- 2011: Revenue of $5.9M, expenses of $8.3M, and assets of $8.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Seafarers Joint Employment Fund:
Data Sources and Methodology
This transparency report for Seafarers Joint Employment 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.