Union Building Fund
Union Building Fund consistently operates at a deficit, with expenses exceeding revenue in recent years.
EIN: 200009629 · Westmont, IL · NTEE: S47 · Updated: 2026-03-28
Is Union Building Fund Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Union Building Fund directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Union Building Fund
Union Building Fund (EIN: 200009629) is a nonprofit organization based in Westmont, IL, classified under NTEE code S47. The organization reported total revenue of $479K and total assets of $3.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Union Building Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Union Building Fund with a Mission Score of 70 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Union Building Fund allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
The Union Building Fund consistently reports 0% officer compensation across all available filings, indicating that no compensation is paid to officers or that it is reported under other expense categories, which is a positive sign for minimizing overhead related to executive pay.
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 Union Building Fund's IRS 990 filings:
- Consistent operational deficits in recent years (e.g., $61,100 deficit in 202312).
- Declining asset base over the past few years (from $4,364,419 in 201412 to $3,841,237 in 202312).
Strengths
The following positive indicators were identified for Union Building Fund:
- Substantial asset base ($3,841,237 in 202312) providing financial stability.
- Consistent 0% reported officer compensation, indicating efficient use of funds for executive pay.
- Long and consistent IRS 990 filing history (13 filings), demonstrating transparency and compliance.
- Significant reduction in liabilities in the latest period (from $748,576 in 202212 to $261,626 in 202312).
Frequently Asked Questions about Union Building Fund
Is Union Building Fund a legitimate charity?
Based on AI analysis of IRS 990 filings, Union Building Fund (EIN: 200009629) some concerns. Mission Score: 70/100. 2 red flags identified, 4 strengths noted.
How does Union Building Fund spend its money?
Union Building Fund directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Union Building Fund tax-deductible?
Union Building Fund is registered as a tax-exempt nonprofit (EIN: 200009629). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Union Building Fund financially sustainable given recent deficits?
The organization has reported expenses exceeding revenue in recent periods (e.g., $540,240 expenses vs. $479,140 revenue in 202312). While it has substantial assets ($3,841,237 in 202312), this trend could impact long-term financial sustainability if not addressed.
What are the primary drivers of the organization's expenses?
Without a detailed breakdown of expenses beyond total expenses, it's difficult to pinpoint primary drivers. However, given its NTEE code (Labor Unions), expenses are likely related to member services, advocacy, and operational costs associated with supporting labor union activities.
How does the organization manage its liabilities?
Liabilities have fluctuated, decreasing from $748,576 in 202212 to $261,626 in 202312, indicating effective management in the latest period. However, they were significantly higher in earlier years, such as $2,719,725 in 201412.
Filing History
IRS 990 filing history for Union Building Fund showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Union Building Fund's revenue has declined by 33.5%, moving from $720K to $479K. Total assets decreased by 15.8% over the same period, from $4.6M to $3.8M. Total functional expenses fell by 14.2%, from $630K to $540K. In its most recent filing year (2023), Union Building Fund reported a deficit of $61K, with expenses exceeding revenue. The organization holds $262K in liabilities against $3.8M in assets (debt-to-asset ratio: 6.8%), resulting in net assets of $3.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $479K | $540K | $3.8M | $262K | — | — |
| 2022 | $439K | $526K | $3.9M | $749K | — | View 990 |
| 2021 | $439K | $512K | $4.1M | $780K | — | View 990 |
| 2020 | $439K | $475K | $4.2M | $829K | — | — |
| 2019 | $439K | $446K | $4.0M | $628K | — | View 990 |
| 2018 | $720K | $565K | $4.1M | $693K | — | View 990 |
| 2017 | $720K | $526K | $4.2M | $2.0M | — | View 990 |
| 2016 | $720K | $536K | $4.2M | $2.3M | — | View 990 |
| 2015 | $720K | $589K | $4.3M | $2.5M | — | View 990 |
| 2014 | $720K | $605K | $4.4M | $2.7M | — | View 990 |
| 2013 | $720K | $571K | $4.5M | $3.0M | — | View 990 |
| 2012 | $720K | $612K | $4.5M | $3.1M | — | View 990 |
| 2011 | $720K | $630K | $4.6M | $3.3M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $479K, expenses of $540K, and assets of $3.8M (revenue +9.1% year-over-year).
- 2022: Revenue of $439K, expenses of $526K, and assets of $3.9M (revenue +0.0% year-over-year).
- 2021: Revenue of $439K, expenses of $512K, and assets of $4.1M (revenue +0.0% year-over-year).
- 2020: Revenue of $439K, expenses of $475K, and assets of $4.2M (revenue +0.0% year-over-year).
- 2019: Revenue of $439K, expenses of $446K, and assets of $4.0M (revenue -39.0% year-over-year).
- 2018: Revenue of $720K, expenses of $565K, and assets of $4.1M (revenue +0.0% year-over-year).
- 2017: Revenue of $720K, expenses of $526K, and assets of $4.2M (revenue +0.0% year-over-year).
- 2016: Revenue of $720K, expenses of $536K, and assets of $4.2M (revenue +-0.0% year-over-year).
- 2015: Revenue of $720K, expenses of $589K, and assets of $4.3M (revenue +0.0% year-over-year).
- 2014: Revenue of $720K, expenses of $605K, and assets of $4.4M (revenue +0.0% year-over-year).
- 2013: Revenue of $720K, expenses of $571K, and assets of $4.5M (revenue +0.0% year-over-year).
- 2012: Revenue of $720K, expenses of $612K, and assets of $4.5M (revenue +-0.0% year-over-year).
- 2011: Revenue of $720K, expenses of $630K, and assets of $4.6M.
Data Sources and Methodology
This transparency report for Union Building 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.