Security Guards Local 1412 Welfare Fund
EIN: 452466215 · Belleville, NJ · NTEE: Y43
| Metric | Value |
|---|---|
| Total Revenue | $444K |
| Total Expenses | $474K |
| Net Assets | $121K |
Is Security Guards Local 1412 Welfare Fund Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Security Guards Local 1412 Welfare Fund
Security Guards Local 1412 Welfare Fund (EIN: 452466215) is a nonprofit organization based in Belleville, NJ, classified under NTEE code Y43. The organization reported total revenue of $444K and total assets of $130K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Security Guards Local 1412 Welfare Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Security Guards Local 1412 Welfare Fund is a small nonprofit that has been operating for 15 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 13.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $444K |
| Total Expenses | $474K |
| Surplus / Deficit | $-30,654 |
| Total Assets | $130K |
| Total Liabilities | $9K |
| Net Assets | $121K |
| Operating Margin | -6.9% |
| Debt-to-Asset Ratio | 6.9% |
| Months of Reserves | 3.3 months |
Financial Health Grade: B
In 2023, Security Guards Local 1412 Welfare Fund reported a deficit of $31K with expenses exceeding revenue, holds 3.3 months of operating reserves (adequate), has a debt-to-asset ratio of 6.9% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Security Guards Local 1412 Welfare Fund's revenue has grown at a compound annual growth rate (CAGR) of 13.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +15.3% | -6.3% | -20.0% |
| 2022 | -3.7% | +9.3% | -43.2% |
| 2021 | -8.9% | +5.4% | -17.1% |
| 2020 | +14.0% | +41.2% | -0.3% |
| 2019 | +28.1% | +4.2% | +24.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2011 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Security Guards Local 1412 Welfare Fund has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Security Guards Local 1412 Welfare Fund with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $31K, with expenses exceeding revenue.
- Debt-to-asset ratio: 6.9%.
Frequently Asked Questions about Security Guards Local 1412 Welfare Fund
Is Security Guards Local 1412 Welfare Fund a legitimate charity?
Security Guards Local 1412 Welfare Fund (EIN: 452466215) is a registered tax-exempt nonprofit based in New Jersey. It has 13 years of IRS 990 filings on record. Total revenue: $444K. No red flags identified. Financial health grade: B.
How does Security Guards Local 1412 Welfare Fund spend its money?
Security Guards Local 1412 Welfare Fund reported $444K in total revenue in IRS 990 filings. 13 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Security Guards Local 1412 Welfare Fund tax-deductible?
Security Guards Local 1412 Welfare Fund is registered as a tax-exempt nonprofit (EIN: 452466215). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Security Guards Local 1412 Welfare Fund located?
Security Guards Local 1412 Welfare Fund is headquartered in Belleville, New Jersey and files with the IRS under EIN 452466215. It is classified under NTEE code Y43.
How many years of IRS 990 filings does Security Guards Local 1412 Welfare Fund have?
Security Guards Local 1412 Welfare 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 $444K in total revenue.
Filing History
IRS 990 filing history for Security Guards Local 1412 Welfare Fund showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Security Guards Local 1412 Welfare Fund's revenue has grown by 354.1%, moving from $98K to $444K. Total assets increased by 282.7% over the same period, from $34K to $130K. Total functional expenses rose by 482.8%, from $81K to $474K. In its most recent filing year (2023), Security Guards Local 1412 Welfare Fund reported a deficit of $31K, with expenses exceeding revenue. The organization holds $9K in liabilities against $130K in assets (debt-to-asset ratio: 6.9%), resulting in net assets of $121K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $444K | $474K | $130K | $9K | — | View 990 |
| 2022 | $385K | $506K | $163K | $11K | — | View 990 |
| 2021 | $399K | $463K | $287K | $14K | — | View 990 |
| 2020 | $438K | $440K | $347K | $9K | — | — |
| 2019 | $384K | $311K | $348K | $9K | — | View 990 |
| 2018 | $300K | $299K | $280K | $14K | — | View 990 |
| 2017 | $378K | $282K | $276K | $12K | — | View 990 |
| 2016 | $276K | $278K | $178K | $9K | — | View 990 |
| 2015 | $298K | $300K | $181K | $9K | — | View 990 |
| 2014 | $380K | $288K | $203K | $30K | — | View 990 |
| 2013 | $358K | $310K | $100K | $19K | — | View 990 |
| 2012 | $134K | $118K | $39K | $7K | — | View 990 |
| 2011 | $98K | $81K | $34K | $18K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $444K, expenses of $474K, and assets of $130K (revenue +15.3% year-over-year).
- 2022: Revenue of $385K, expenses of $506K, and assets of $163K (revenue -3.7% year-over-year).
- 2021: Revenue of $399K, expenses of $463K, and assets of $287K (revenue -8.9% year-over-year).
- 2020: Revenue of $438K, expenses of $440K, and assets of $347K (revenue +14.0% year-over-year).
- 2019: Revenue of $384K, expenses of $311K, and assets of $348K (revenue +28.1% year-over-year).
- 2018: Revenue of $300K, expenses of $299K, and assets of $280K (revenue -20.6% year-over-year).
- 2017: Revenue of $378K, expenses of $282K, and assets of $276K (revenue +37.0% year-over-year).
- 2016: Revenue of $276K, expenses of $278K, and assets of $178K (revenue -7.5% year-over-year).
- 2015: Revenue of $298K, expenses of $300K, and assets of $181K (revenue -21.5% year-over-year).
- 2014: Revenue of $380K, expenses of $288K, and assets of $203K (revenue +6.0% year-over-year).
- 2013: Revenue of $358K, expenses of $310K, and assets of $100K (revenue +166.7% year-over-year).
- 2012: Revenue of $134K, expenses of $118K, and assets of $39K (revenue +37.6% year-over-year).
- 2011: Revenue of $98K, expenses of $81K, and assets of $34K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Security Guards Local 1412 Welfare Fund:
Data Sources and Methodology
This transparency report for Security Guards Local 1412 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.