Smart Local 137 Insurance Fund
Smart Local 137 Insurance Fund maintains stable finances with consistent revenue and zero officer compensation.
EIN: 135520944 · Long Island City, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $7.5M |
| Total Expenses | $7.1M |
| Program Spending | 90% |
| Net Assets | $14.6M |
| Transparency Score | 85/100 |
Search Intent Cockpit
Smart Local 137 Insurance Fund Form 990, Revenue, CEO Pay, and IRS Filing Signals
Smart Local 137 Insurance Fund is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Smart Local 137 Insurance Fund in one place.
Form 990 Filing Summary
13 filing years are available, with latest revenue of $7.3M and expenses of $7.1M.
Revenue and Expenses
Smart Local 137 Insurance Fund reported $7.3M in revenue and $7.1M in expenses, a surplus of $156K.
Executive Compensation
Officer, director, trustee, and key employee pay is reviewed from IRS 990 compensation disclosures when present.
Charity Score and Red Flags
85/100 mission score, 0 red flags, and 4 strengths are shown from structured and AI review.
Is Smart Local 137 Insurance Fund Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
IRS 990 Data Cockpit
Where the Money Comes From and Where It Goes
Revenue Source Mix
Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
| Program services | $6.4M (90%) |
Across stored filings, Smart Local 137 Insurance Fund shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
Decision Cockpit
One-Stop Donor, Research, and Peer Context Hub
| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Appears Legitimate | Good filing record; no red flags identified |
| Mission spend | 90% to programs | Excellent |
| Financial durability | Grade A | 13 stored filing years |
| Peer context | Compare with Healthy Capital District Initiative | New York and category context |
Trust Check
Review legitimacy, deductibility, red flags, and filing consistency.
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Turn this Form 990 profile into a donor-ready report
Request a concise report for Smart Local 137 Insurance Fund with revenue, expenses, executive compensation, red flags, peer context, and IRS source links. You can also request CSV exports or watchlist updates for future filings.
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Smart Local 137 Insurance Fund directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Smart Local 137 Insurance Fund
Smart Local 137 Insurance Fund (EIN: 135520944) is a nonprofit organization based in Long Island City, NY. The organization reported total revenue of $7.5M and total assets of $16.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Smart Local 137 Insurance Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Smart Local 137 Insurance Fund is a mid-size nonprofit that has been operating for 68 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $7.3M |
| Total Expenses | $7.1M |
| Surplus / Deficit | +$156K |
| Total Assets | $15.7M |
| Total Liabilities | $1.1M |
| Net Assets | $14.6M |
| Operating Margin | 2.1% |
| Debt-to-Asset Ratio | 6.8% |
| Months of Reserves | 26.4 months |
Financial Health Grade: A
In 2023, Smart Local 137 Insurance Fund reported a surplus of $156K with revenue exceeding expenses, holds 26.4 months of operating reserves (strong position), has a debt-to-asset ratio of 6.8% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Smart Local 137 Insurance Fund's revenue has grown at a compound annual growth rate (CAGR) of 4.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +11.1% | -2.7% | +6.5% |
| 2022 | +12.3% | +13.1% | -15.0% |
| 2021 | -3.4% | +16.3% | +8.4% |
| 2020 | -2.1% | -19.3% | +4.3% |
| 2019 | -20.4% | +5.9% | +7.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1958 |
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 Smart Local 137 Insurance 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, Smart Local 137 Insurance 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 surplus of $156K, with revenue exceeding expenses.
- Debt-to-asset ratio: 6.8%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers receive compensation from the organization, which is highly favorable for financial efficiency.
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 Smart Local 137 Insurance Fund:
- Consistent financial stability with robust assets ($16,455,111 latest).
- Zero reported officer compensation across all filings, indicating high efficiency in executive pay.
- Revenues generally cover expenses, as demonstrated by the 202312 period where revenue exceeded expenses.
- Low liabilities relative to assets, indicating strong financial health.
Frequently Asked Questions about Smart Local 137 Insurance Fund
Is Smart Local 137 Insurance Fund a legitimate charity?
Smart Local 137 Insurance Fund (EIN: 135520944) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $7.5M. No red flags identified. 4 strengths noted. Financial health grade: A.
How does Smart Local 137 Insurance Fund spend its money?
Smart Local 137 Insurance Fund directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Smart Local 137 Insurance Fund tax-deductible?
Smart Local 137 Insurance Fund is registered as a tax-exempt nonprofit (EIN: 135520944). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Smart Local 137 Insurance Fund located?
Smart Local 137 Insurance Fund is headquartered in Long Island City, New York and files with the IRS under EIN 135520944.
How many years of IRS 990 filings does Smart Local 137 Insurance Fund have?
Smart Local 137 Insurance 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 $7.5M in total revenue.
Is Smart Local 137 Insurance Fund financially stable?
Yes, the organization appears financially stable, with assets consistently exceeding $14 million and revenues generally covering expenses, as seen in the 202312 period where revenue was $7,280,231 against expenses of $7,124,147.
How does Smart Local 137 Insurance Fund manage its liabilities?
Liabilities have generally remained manageable, fluctuating between approximately $400,000 and $1.1 million over the past decade, which is a small fraction of its total assets ($16,455,111 in the latest period).
What is the trend in the organization's revenue?
Revenue has shown some fluctuation but generally an upward trend, increasing from $5,325,080 in 201512 to $7,280,231 in 202312, with the latest reported revenue at $7,485,282.
Filing History
IRS 990 filing history for Smart Local 137 Insurance Fund showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Smart Local 137 Insurance Fund's revenue has grown by 68.8%, moving from $4.3M to $7.3M. Total assets increased by 11.2% over the same period, from $14.1M to $15.7M. Total functional expenses rose by 56.4%, from $4.6M to $7.1M. In its most recent filing year (2023), Smart Local 137 Insurance Fund reported a surplus of $156K, with revenue exceeding expenses. The organization holds $1.1M in liabilities against $15.7M in assets (debt-to-asset ratio: 6.8%), resulting in net assets of $14.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $7.3M | $7.1M | $15.7M | $1.1M | — | View 990 |
| 2022 | $6.6M | $7.3M | $14.7M | $1.0M | — | — |
| 2021 | $5.8M | $6.5M | $17.3M | $1.0M | — | View 990 |
| 2020 | $6.0M | $5.6M | $16.0M | $627K | — | — |
| 2019 | $6.2M | $6.9M | $15.3M | $1.1M | — | View 990 |
| 2018 | $7.7M | $6.5M | $14.2M | $533K | — | View 990 |
| 2017 | $5.7M | $6.0M | $15.6M | $524K | — | View 990 |
| 2016 | $5.6M | $5.6M | $15.4M | $912K | — | View 990 |
| 2015 | $5.3M | $5.4M | $14.6M | $406K | — | View 990 |
| 2014 | $5.3M | $5.7M | $15.3M | $654K | — | View 990 |
| 2013 | $4.7M | $5.1M | $15.2M | $380K | — | View 990 |
| 2012 | $5.0M | $5.1M | $14.4M | $262K | — | View 990 |
| 2011 | $4.3M | $4.6M | $14.1M | $228K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $7.3M, expenses of $7.1M, and assets of $15.7M (revenue +11.1% year-over-year).
- 2022: Revenue of $6.6M, expenses of $7.3M, and assets of $14.7M (revenue +12.3% year-over-year).
- 2021: Revenue of $5.8M, expenses of $6.5M, and assets of $17.3M (revenue -3.4% year-over-year).
- 2020: Revenue of $6.0M, expenses of $5.6M, and assets of $16.0M (revenue -2.1% year-over-year).
- 2019: Revenue of $6.2M, expenses of $6.9M, and assets of $15.3M (revenue -20.4% year-over-year).
- 2018: Revenue of $7.7M, expenses of $6.5M, and assets of $14.2M (revenue +36.3% year-over-year).
- 2017: Revenue of $5.7M, expenses of $6.0M, and assets of $15.6M (revenue +1.1% year-over-year).
- 2016: Revenue of $5.6M, expenses of $5.6M, and assets of $15.4M (revenue +5.5% year-over-year).
- 2015: Revenue of $5.3M, expenses of $5.4M, and assets of $14.6M (revenue -0.1% year-over-year).
- 2014: Revenue of $5.3M, expenses of $5.7M, and assets of $15.3M (revenue +13.5% year-over-year).
- 2013: Revenue of $4.7M, expenses of $5.1M, and assets of $15.2M (revenue -6.6% year-over-year).
- 2012: Revenue of $5.0M, expenses of $5.1M, and assets of $14.4M (revenue +16.7% year-over-year).
- 2011: Revenue of $4.3M, expenses of $4.6M, and assets of $14.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Smart Local 137 Insurance Fund:
Data Sources and Methodology
This transparency report for Smart Local 137 Insurance 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.