Syensqo Usa Employee Welfare Trust
Syensqo Usa Employee Welfare Trust faces significant financial challenges with consistent operating deficits and declining assets over the past decade.
EIN: 133778366 · Lawrence, NJ · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $8.2M |
| Total Expenses | $6.5M |
| Program Spending | 90% |
| Net Assets | $4.7M |
| Transparency Score | 45/100 |
Is Syensqo Usa Employee Welfare Trust Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Syensqo Usa Employee Welfare Trust directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Syensqo Usa Employee Welfare Trust
Syensqo Usa Employee Welfare Trust (EIN: 133778366) is a nonprofit organization based in Lawrence, NJ. The organization reported total revenue of $8.2M and total assets of $4.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Syensqo Usa Employee Welfare Trust's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Syensqo Usa Employee Welfare Trust is a mid-size nonprofit that has been operating for 32 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of -10.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.1M |
| Total Expenses | $6.5M |
| Surplus / Deficit | $-3,439,536 |
| Total Assets | $4.7M |
| Net Assets | $4.7M |
| Operating Margin | -111.9% |
| Months of Reserves | 8.7 months |
Financial Health Grade: B
In 2023, Syensqo Usa Employee Welfare Trust reported a deficit of $3.4M with expenses exceeding revenue, holds 8.7 months of operating reserves (strong position).
Financial Trends
Over 14 years of filings (2010–2023), Syensqo Usa Employee Welfare Trust's revenue has declined at a compound annual growth rate (CAGR) of -10.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -29.1% | -23.5% | -42.2% |
| 2022 | +117690.2% | -10.7% | -33.9% |
| 2021 | -99.9% | +238.2% | -43.6% |
| 2020 | +751.1% | +622.0% | -0.6% |
| 2019 | -80.4% | -91.7% | +19.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1994 |
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 Syensqo Usa Employee Welfare Trust with a Mission Score of 45 out of 100 (Fair). 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, Syensqo Usa Employee Welfare Trust 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 $3.4M, with expenses exceeding revenue.
Executive Compensation Analysis
The organization reports 0% officer compensation across all available filings, indicating that no executive compensation is paid, which is a positive sign for resource allocation directly to its welfare trust activities.
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 Syensqo Usa Employee Welfare Trust's IRS 990 filings:
- Consistent operating deficits, with expenses significantly exceeding revenue in most recent years (e.g., $6.5M expenses vs. $3.0M revenue in 2023).
- Significant decline in total assets over the past decade, from $24.0M in 2014 to $4.7M in 2023.
- Unknown NTEE code, which limits understanding of its specific charitable purpose and comparative performance.
Strengths
The following positive indicators were identified for Syensqo Usa Employee Welfare Trust:
- 0% officer compensation reported across all filings, indicating no executive salaries are paid.
- No reported liabilities, suggesting a clean balance sheet in terms of debt.
Frequently Asked Questions about Syensqo Usa Employee Welfare Trust
Is Syensqo Usa Employee Welfare Trust a legitimate charity?
Syensqo Usa Employee Welfare Trust (EIN: 133778366) is a registered tax-exempt nonprofit based in New Jersey. Our AI analysis gives it a Mission Score of 45/100. It has 14 years of IRS 990 filings on record. Total revenue: $8.2M. 3 red flags identified. 2 strengths noted. Financial health grade: B.
How does Syensqo Usa Employee Welfare Trust spend its money?
Syensqo Usa Employee Welfare Trust directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Syensqo Usa Employee Welfare Trust tax-deductible?
Syensqo Usa Employee Welfare Trust is registered as a tax-exempt nonprofit (EIN: 133778366). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Syensqo Usa Employee Welfare Trust located?
Syensqo Usa Employee Welfare Trust is headquartered in Lawrence, New Jersey and files with the IRS under EIN 133778366.
How many years of IRS 990 filings does Syensqo Usa Employee Welfare Trust have?
Syensqo Usa Employee Welfare Trust has 14 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 $8.2M in total revenue.
Is Syensqo Usa Employee Welfare Trust financially sustainable?
Based on the consistent operating deficits, such as expenses exceeding revenue by over $3.4 million in 2023 and $4.1 million in 2022, and a significant decline in assets from over $24 million in 2014 to $4.7 million in 2023, the trust's current financial model appears unsustainable without a reversal of these trends.
What is the primary cause of the asset decline?
The primary cause of the asset decline appears to be the consistent expenditure exceeding revenue. For example, in 2023, expenses were $6,512,292 while revenue was $3,072,756, resulting in a deficit that likely drew from existing assets.
How does the lack of officer compensation impact the organization?
The lack of officer compensation means that funds are not being diverted to executive salaries, which is generally positive for a welfare trust. However, it doesn't mitigate the overall financial strain from high expenses relative to revenue.
Filing History
IRS 990 filing history for Syensqo Usa Employee Welfare Trust showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Syensqo Usa Employee Welfare Trust's revenue has declined by 75.2%, moving from $12.4M to $3.1M. Total assets decreased by 87.5% over the same period, from $37.7M to $4.7M. Total functional expenses fell by 73.1%, from $24.2M to $6.5M. In its most recent filing year (2023), Syensqo Usa Employee Welfare Trust reported a deficit of $3.4M, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3.1M | $6.5M | $4.7M | $0 | — | — |
| 2022 | $4.3M | $8.5M | $8.2M | $0 | — | View 990 |
| 2021 | $4K | $9.5M | $12.3M | $0 | — | View 990 |
| 2020 | $7.3M | $2.8M | $21.9M | $0 | — | View 990 |
| 2019 | $862K | $391K | $22.0M | $0 | — | — |
| 2018 | $4.4M | $4.7M | $18.4M | $0 | — | — |
| 2017 | $13.8M | $13.6M | $19.9M | $0 | — | View 990 |
| 2016 | $14.0M | $15.5M | $19.6M | $0 | — | View 990 |
| 2015 | $13.4M | $16.0M | $21.2M | $0 | — | View 990 |
| 2014 | $13.1M | $14.8M | $24.0M | $0 | — | View 990 |
| 2013 | $13.2M | $15.8M | $25.8M | $0 | — | View 990 |
| 2012 | $16.8M | $17.2M | $28.4M | $0 | — | View 990 |
| 2011 | $10.6M | $19.5M | $28.8M | $0 | — | View 990 |
| 2010 | $12.4M | $24.2M | $37.7M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.1M, expenses of $6.5M, and assets of $4.7M (revenue -29.1% year-over-year).
- 2022: Revenue of $4.3M, expenses of $8.5M, and assets of $8.2M (revenue +117690.2% year-over-year).
- 2021: Revenue of $4K, expenses of $9.5M, and assets of $12.3M (revenue -99.9% year-over-year).
- 2020: Revenue of $7.3M, expenses of $2.8M, and assets of $21.9M (revenue +751.1% year-over-year).
- 2019: Revenue of $862K, expenses of $391K, and assets of $22.0M (revenue -80.4% year-over-year).
- 2018: Revenue of $4.4M, expenses of $4.7M, and assets of $18.4M (revenue -68.3% year-over-year).
- 2017: Revenue of $13.8M, expenses of $13.6M, and assets of $19.9M (revenue -1.0% year-over-year).
- 2016: Revenue of $14.0M, expenses of $15.5M, and assets of $19.6M (revenue +4.5% year-over-year).
- 2015: Revenue of $13.4M, expenses of $16.0M, and assets of $21.2M (revenue +2.1% year-over-year).
- 2014: Revenue of $13.1M, expenses of $14.8M, and assets of $24.0M (revenue -0.8% year-over-year).
- 2013: Revenue of $13.2M, expenses of $15.8M, and assets of $25.8M (revenue -21.5% year-over-year).
- 2012: Revenue of $16.8M, expenses of $17.2M, and assets of $28.4M (revenue +59.2% year-over-year).
- 2011: Revenue of $10.6M, expenses of $19.5M, and assets of $28.8M (revenue -14.7% year-over-year).
- 2010: Revenue of $12.4M, expenses of $24.2M, and assets of $37.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Syensqo Usa Employee Welfare Trust:
Data Sources and Methodology
This transparency report for Syensqo Usa Employee Welfare Trust 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.