Ibew Local 102 Welfare Fund
501(c)(9)
99% goes to programs Strong reserves Growing revenue
Ibew Local 102 Welfare Fund is a 501(c)(9) organization based in Ewing, New Jersey, registered in 1993, with $74,151,516 in FY2023 revenue. CharityIndex grades it A, and it directs about 99% of spending to programs.
830 Bear Tavern Rd Ie Shaffer Co, Ewing, NJ, 08628 EIN 22-6487222 Since 1993
Revenue (FY2023)
$74.2M
▲ 43.4% vs prior year
Expenses (FY2023)
$70.5M
Net assets
$106.9M
Employees
0
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
A+Program efficiency40% of the rating99% to programs
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Ibew Local 102 Welfare Fund: 99% to programs earns a A+ on this criterion. See the exact thresholds →
AFinancial health25% of the rating18 mo reserves · +5% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Ibew Local 102 Welfare Fund: 18 mo reserves · +5% margin earns a A on this criterion. See the exact thresholds →
BGovernance25% of the rating4 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Ibew Local 102 Welfare Fund: 4 of 6 checks met earns a B on this criterion. See the exact thresholds →
ATransparency10% of the rating4 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Ibew Local 102 Welfare Fund: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
Provide group health benefits for eligible participants and their qualified dependents.
Contact & location
- Address
- 830 Bear Tavern Rd Ie Shaffer Co, Ewing, NJ, 08628
- City
- Ewing
- State
- New Jersey
- Category
- —
- Subcategory
- —
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $46.3M (FY2013) to $74.2M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $6.5MNet assets $106.9M
Operating margin
4.9%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$113.4M
Total liabilities
$6.5M
Net assets
$106.9M
Salaries & benefits
$0
0% of expenses
Board members
6
6 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $74,151,516▲43.4% | $70,546,327▲8.7% | $106,919,456▲3.5% | $113,392,233▲4.8% | 990 |
| 2022 | $51,726,015▼12.0% | $64,905,471▼0.4% | $103,314,267▼11.3% | $108,229,917▼11.5% | 990 |
| 2021 | $58,803,578▲2.7% | $65,136,197▲20.9% | $116,493,723▼5.2% | $122,340,303▼4.3% | 990 |
| 2020 | $57,263,256▼10.7% | $53,890,662▼6.3% | $122,826,342▲2.8% | $127,898,763▲1.9% | 990 |
| 2019 | $64,153,736▲33.2% | $57,530,043▲4.8% | $119,453,748▲5.9% | $125,557,670▲3.9% | 990 |
| 2018 | $48,149,632▼14.5% | $54,905,166▲15.1% | $112,830,055▼5.6% | $120,812,569▼4.8% | 990 |
| 2017 | $56,296,792▲13.4% | $47,684,079▲3.1% | $119,585,589▲7.8% | $126,943,986▲8.3% | 990 |
| 2016 | $49,645,955▲8.0% | $46,261,412▲8.1% | $110,972,876▲3.1% | $117,196,704▲6.4% | 990 |
| 2015 | $45,969,950▼2.3% | $42,803,859▲2.8% | $107,588,333▲3.0% | $110,129,034▲2.8% | 990 |
| 2014 | $47,055,941▲1.6% | $41,637,206▲0.3% | $104,422,242▲5.5% | $107,125,262▲5.4% | 990 |
| 2013 | $46,332,730 | $41,506,313▼1.8% | $99,003,507▲5.1% | $101,626,779▲6.0% | 990 |
| 2012 | — | $42,267,166▲20.2% | $94,177,090▲4.9% | $95,876,752▲3.6% | 990 |
| 2011 | — | $35,161,350▼4.9% | $89,796,426▲17.7% | $92,539,475▲17.9% | 990 |
| 2010 | — | $36,984,755 | $76,284,058 | $78,501,415 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2023)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Bernard Corrigan | Trustee | 1 | — |
| David Fiore | Trustee | 1 | — |
| James Estabrook | Trustee | 1 | — |
| Paul Fiore | Trustee | 1 | — |
| Peter Cheche | Trustee | 1 | — |
| Robert Williamson III | Trustee | 1 | — |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Horizon Bcbs | Benefits Administrator | $1,230,228 |
| Fabian & Byrn LLC | Claims Processing | $620,205 |
| Ie Shaffer & Co | Third Party Administrator | $481,329 |
| Global Pharmaceutical Benefits LLC | Benefits Administrator | $479,230 |
| Zelis Healthcare Inc | Claims Review | $272,076 |
Frequently asked questions
- Is Ibew Local 102 Welfare Fund a legitimate nonprofit?
- Yes. Ibew Local 102 Welfare Fund is a 501(c)(9) organization registered with the U.S. Internal Revenue Service under EIN 22-6487222, based in Ewing, New Jersey.
- What is Ibew Local 102 Welfare Fund's EIN?
- Ibew Local 102 Welfare Fund's Employer Identification Number (EIN) is 22-6487222.
- How much revenue does Ibew Local 102 Welfare Fund report?
- Ibew Local 102 Welfare Fund reported $74,151,516 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Ibew Local 102 Welfare Fund's spending goes to programs?
- Ibew Local 102 Welfare Fund spends about 99% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Ibew Local 102 Welfare Fund have?
- CharityIndex grades Ibew Local 102 Welfare Fund A, based on program efficiency and fundraising cost.
- How much does Ibew Local 102 Welfare Fund's highest-paid employee make?
- The highest reported compensation on Ibew Local 102 Welfare Fund's latest Form 990 is $0, paid to Bernard Corrigan (Trustee).
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Data for Ibew Local 102 Welfare Fund (EIN 22-6487222) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.