Seafarers Joint Employment Fund

Nonprofit profile at a glance

EIN
116137531
IRS 990 coverage
2010–2024
Forms available
Form 990 2024
Location
Camp Springs, MD, USA
Phone
3018990675
Rating confidence
Limited

Reported finances

Revenue
$8,194,690
Expenses
$8,628,456
Assets
$21,240,379
Liabilities
$2,046,791

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

26 people listed

People named in this filing

  • THOMAS ORZECHOWSKI (TRUSTEE, SECRETARY)
  • DEAN CORGEY (TRUSTEE)
  • JOE SORESI (TRUSTEE)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To collect, preserve & invest the monies and other things of value paid to the fund; to pay and/or provide for the operation, maintenance, expansion & replacement of hiring halls or employment centers at locations where the union maintain offices for the benefit of unemployed & unlicensed seamen & other workers seeking employment in the shipping & allied transportation services industries within the geographical jurisdication of the unions together with such ancillary & complementary services related to the operation of the hiring halls & employment centers & to provide services & develop programs to benefit such workers by helping them maintain & sharpen their skills & to do all that is necessary to implement applicable provisions of collective bargaining agreements for the benefit of said unemployed individuals as the trustees shall determine; and to pay and/or provide for the establishment & administration of said fund, as may be determined by the trustees from time to time.

What it reported doing in 2024

Operation and maintenace of hiring halls: the organization's primary exempt purpose is to maintain, expand and replace hiring halls or employment centers in all ports where port agents for the seafarers union are located

Operating model

Revenue model
Earned-program. 95% of the money available for current operations came from fees and other program revenue.
Distribution model
Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.

The verdict

- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.

Rating breakdown

  • Financial Efficiency: NotEnoughData
  • Transparency & Controls: 89
  • Accountability: 100
  • Sustainability: 47
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: Limited
  • Program expense ratio: Limited
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 88.9%; rating input score 89; 3rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 7 of 7 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -5.3%; rating input score 20; 20th percentile among comparable filings
  • Total-asset coverage ratio: 2.46; rating input score 68; 68th percentile among comparable filings
  • Liabilities to assets ratio: 0.1; rating input score 59; 59th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 91; 91st percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: 0.3% per year; rating input score 100; 12th percentile among comparable filings
  • Asset growth: 5.9% per year; rating input score 100; 39th percentile among comparable filings

Details

  • Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
  • Governance: 14 of 14 board members independent · 7 of 7 filing controls reported
  • Programs: 3 filed program accomplishments
  • Leadership: top reported pay $0 · 26 people listed
  • Consistency: 11 of 12 current checks pass · 1 finding to review
  • Schedules: 3 filed schedules
  • Filing history: 14 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Related organizations: 1 filed related-organization link
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Review — Transparency & Controls: Schedule R controlled transactions itemized did not reconcile in the filed values.
  • High — Sustainability: Operating margin scored 20/100.
  • Review — Sustainability: Liabilities to assets ratio scored 59/100.