Laborers Local 1822 Fringe Benefit Funds
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 2,348,084 | 1,961,179 | 386,905 | 57.7 | 12% |
| 2021 | 3,601,058 | 1,981,951 | 1,619,107 | 66.5 | 11% |
| 2022 | 2,309,447 | 1,861,398 | 448,049 | 66.4 | 12% |
| 2023 | 2,316,969 | 1,927,644 | 389,325 | 71.0 | 12% |
In its most recent public year (2023), this organization brought in $389,325 more than it spent. Its reserves stood at about 71 months of spending, up from 57.7 in 2020. Staff pay was 12% of spending.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2023. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings
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