Teamsters Local Union No 408 I B of T Welfare Fund
501(c)(9)
Only null% goes to programs Strong reserves
Teamsters Local Union No 408 I B of T Welfare Fund is a 501(c)(9) organization based in Union, New Jersey, registered in 1964, with $4,232,338 in FY2024 revenue. CharityIndex grades it C+.
1907 Morris Ave, Union, NJ, 07083 EIN 22-1668940 Since 1964
Revenue (FY2024)
$4.2M
▲ 9.5% vs prior year
Expenses (FY2024)
$3.5M
Net assets
$13.3M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C+
★★★★
Rated on 2 of 4 criteria — the rest aren't reported in this filing type.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →—Program efficiency40% of the ratingNo expense breakdown in filings
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. Not scored for Teamsters Local Union No 408 I B of T Welfare Fund— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
AFinancial health25% of the rating46 mo reserves · +18% 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 Teamsters Local Union No 408 I B of T Welfare Fund: 46 mo reserves · +18% margin earns a A on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
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. Not scored for Teamsters Local Union No 408 I B of T Welfare Fund— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DTransparency10% of the rating1 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 Teamsters Local Union No 408 I B of T Welfare Fund: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
- Address
- 1907 Morris Ave, Union, NJ, 07083
- City
- Union
- State
- New Jersey
- Category
- —
- Subcategory
- —
Financial trends
Revenue declined from $4.4M (FY2013) to $4.2M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $62KNet assets $13.3M
Operating margin
17.7%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$13.4M
Total liabilities
$62K
Net assets
$13.3M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $4,232,338▲9.5% | $3,485,287▼17.3% | $13,305,007▲8.8% | $13,367,434▲5.0% | 990 |
| 2023 | $3,864,102▲26.9% | $4,214,050▲12.1% | $12,232,607▲5.5% | $12,727,013▲9.8% | 990 |
| 2022 | $3,044,750▼32.7% | $3,758,696▲30.4% | $11,590,717▼17.2% | $11,594,174▼17.2% | 990 |
| 2021 | $4,525,528▲26.6% | $2,882,335▼4.2% | $14,000,898▲14.9% | $14,005,069▲14.2% | 990 |
| 2020 | $3,574,556▼13.7% | $3,009,593▼24.4% | $12,183,865▲7.0% | $12,265,257▲7.7% | 990 |
| 2019 | $4,139,820▼6.6% | $3,980,723▲0.6% | $11,391,369▲10.0% | $11,391,369▲9.8% | 990 |
| 2018 | $4,434,608▲0.9% | $3,958,760 | $10,359,838▼0.7% | $10,377,619▼1.0% | 990 |
| 2017 | $4,393,362▲2.1% | $3,960,621▲19.6% | $10,431,446▲6.4% | $10,487,407▲7.0% | 990 |
| 2016 | $4,304,251▲23.6% | $3,311,357▼18.6% | $9,803,303▲14.8% | $9,803,303▲14.8% | 990 |
| 2015 | $3,481,168▼21.1% | $4,068,949▲1.3% | $8,537,618▼3.7% | $8,540,254▼3.7% | 990 |
| 2014 | $4,409,379▼0.5% | $4,016,191▼13.8% | $8,863,342▼2.3% | $8,864,503▼2.3% | 990 |
| 2013 | $4,430,017 | $4,658,575▲6.5% | $9,069,915▲0.5% | $9,071,036▲0.5% | 990 |
| 2012 | — | $4,373,592▼17.1% | $9,021,614▲16.8% | $9,022,655▲16.4% | 990 |
| 2011 | — | $5,276,973▼20.8% | $7,722,368▲3.7% | $7,751,642▲4.1% | 990 |
| 2010 | — | $6,665,715 | $7,444,949 | $7,446,461 | 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.
Frequently asked questions
- Is Teamsters Local Union No 408 I B of T Welfare Fund a legitimate nonprofit?
- Yes. Teamsters Local Union No 408 I B of T Welfare Fund is a 501(c)(9) organization registered with the U.S. Internal Revenue Service under EIN 22-1668940, based in Union, New Jersey.
- What is Teamsters Local Union No 408 I B of T Welfare Fund's EIN?
- Teamsters Local Union No 408 I B of T Welfare Fund's Employer Identification Number (EIN) is 22-1668940.
- How much revenue does Teamsters Local Union No 408 I B of T Welfare Fund report?
- Teamsters Local Union No 408 I B of T Welfare Fund reported $4,232,338 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Teamsters Local Union No 408 I B of T Welfare Fund have?
- CharityIndex grades Teamsters Local Union No 408 I B of T Welfare Fund C+, based on financial health (reserves and operating margin).
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Data for Teamsters Local Union No 408 I B of T Welfare Fund (EIN 22-1668940) 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.