Bancroft Inc Workers Compensation Trust

N Brunswick, NJ
Tax-exempt since July 1995
EIN: 22-3318849

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Type of Nonprofit

Designated as a 501(c)(3) Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Community Improvement, Capacity Building / Nonprofit Management (NTEE)

Donations to this organization are tax deductible.

Revenue

$6.58M (2025)

Expenses

$6.46M (2025)

Total Assets

$656k (2025)

Total Liabilities

$2.31M (2025)

Source: Form 990 tax filings from 2011 to 2025

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending June
2025

Revenue

$6,577,932

Expenses

$6,455,971

Net Income

$121,961

Net Assets

-$1,651,233

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$6,555,855	99.7%
Investment Income	$22,077	0.3%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$656,388
Total Liabilities	$2,307,621
Net Assets	-$1,651,233

Compensation

Key Employees and Officers	Compensation	Related	Other
Bancroft Neurohealth (Trustee)	$0	$0	$0

990

Filed on July 22, 2025

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Fiscal Year Ending June
2024

Revenue

$6,125,331

Expenses

$6,009,245

Net Income

$116,086

Net Assets

-$1,773,194

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$6,110,876	99.8%
Investment Income	$14,455	0.2%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$431,886
Total Liabilities	$2,205,080
Net Assets	-$1,773,194

Compensation

Key Employees and Officers	Compensation	Related	Other
Bancroft Neurohealth (Trustee)	$0	$0	$0

990

Filed on July 17, 2024

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Fiscal Year Ending June
2023

Revenue

$3,933,784

Expenses

$4,206,127

Net Income

-$272,343

Net Assets

-$1,889,280

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$3,918,050	99.6%
Investment Income	$15,734	0.4%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$315,763
Total Liabilities	$2,205,043
Net Assets	-$1,889,280

Compensation

Key Employees and Officers	Compensation	Related	Other
Bancroft Neurohealth (Trustee)	$0	$0	$0

990

Filed on Aug. 3, 2023

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Fiscal Year Ending June
2022

Revenue

$3,639,661

Expenses

$3,303,694

Net Income

$335,967

Net Assets

-$1,616,937

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$3,638,802	100.0%
Investment Income	$859	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$514,116
Total Liabilities	$2,131,053
Net Assets	-$1,616,937

Compensation

Key Employees and Officers	Compensation	Related	Other
Bancroft Neurohealth (Trustee)	$0	$0	$0

990

Filed on Dec. 13, 2022

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Fiscal Year Ending June
2021

Revenue

$3,071,692

Expenses

$3,238,779

Net Income

-$167,087

Net Assets

-$1,952,904

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$3,071,536	100.0%
Investment Income	$156	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$325,110
Total Liabilities	$2,278,014
Net Assets	-$1,952,904

Compensation

Key Employees and Officers	Compensation	Related	Other
Bancroft Neurohealth (Trustee)	$0	$0	$0

990

Filed on July 21, 2021

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Fiscal Year Ending June
2020

Revenue

$2,895,527

Expenses

$2,856,969

Net Income

$38,558

Net Assets

-$1,785,817

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$2,890,643	99.8%
Investment Income	$4,884	0.2%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$392,468
Total Liabilities	$2,178,285
Net Assets	-$1,785,817

Compensation

Key Employees and Officers	Compensation	Related	Other
Bancroft Neurohealth (Trustee)	$0	$0	$0

990

Filed on July 29, 2020

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Fiscal Year Ending June
2019

Revenue

$2,435,629

Expenses

$2,388,825

Net Income

$46,804

Net Assets

-$1,824,375

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$2,428,750	99.7%
Investment Income	$6,879	0.3%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$381,672
Total Liabilities	$2,206,047
Net Assets	-$1,824,375

Compensation

Key Employees and Officers	Compensation	Related	Other
Bancroft Neurohealth (Trustee)	$0	$0	$0

990

Filed on Aug. 20, 2019

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Fiscal Year Ending June
2018

Revenue

$2,334,430

Expenses

$2,262,919

Net Income

$71,511

Net Assets

-$1,892,167

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$2,330,839	99.8%
Investment Income	$3,591	0.2%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$334,868
Total Liabilities	$2,227,035
Net Assets	-$1,892,167

Compensation

Key Employees and Officers	Compensation	Related	Other
Bancroft Neurohealth (Trustee)	$0	$0	$0

990

Filed on Aug. 9, 2018

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Fiscal Year Ending June
2017

Revenue

$2,283,620

Expenses

$2,250,710

Net Income

$32,910

Net Assets

-$1,831,591

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$2,282,679	100.0%
Investment Income	$941	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$263,356
Total Liabilities	$2,094,947
Net Assets	-$1,831,591

Compensation

Key Employees and Officers	Compensation	Related	Other
Bancroft Neurohealth (Trustee)	$0	$0	$0

990

Filed on July 25, 2017

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Fiscal Year Ending June
2016

Revenue

$2,423,038

Expenses

$2,491,696

Net Income

-$68,658

Net Assets

-$1,863,227

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$2,422,876	100.0%
Investment Income	$162	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$226,881
Total Liabilities	$2,090,108
Net Assets	-$1,863,227

Compensation

Key Employees and Officers	Compensation	Related	Other
Bancroft Neurohealth (Trustee)	$0	$0	$0

990

Filed on Aug. 16, 2016

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Fiscal Year Ending June
2015

Revenue

$2,612,188

Expenses

$3,167,590

Net Income

-$555,402

Net Assets

-$1,794,569

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$2,612,166	100.0%
Investment Income	$22	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$295,542
Total Liabilities	$2,090,111
Net Assets	-$1,794,569

Compensation

Key Employees and Officers	Compensation	Related	Other
Bancroft Neurohealth (Trustee)	$0	$0	$0

990

Filed on April 29, 2016

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Fiscal Year Ending June
2014

Revenue

$1,725,046

Expenses

$1,803,914

Net Income

-$78,868

Net Assets

-$1,184,474

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$1,725,000	100.0%
Investment Income	$46	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$876,195
Total Liabilities	$2,060,669
Net Assets	-$1,184,474

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2013

Revenue

$1,275,367

Expenses

$1,607,606

Net Income

-$332,239

Net Assets

-$1,105,606

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$1,275,000	100.0%
Investment Income	$367	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$5,000	0.3%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$795,742
Total Liabilities	$1,901,348
Net Assets	-$1,105,606

990

Filed on June 30, 2014

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Fiscal Year Ending June
2012

Revenue

$1,792,152

Expenses

$2,048,142

Net Income

-$255,990

Net Assets

-$773,367

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$1,792,024	100.0%
Investment Income	$128	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$4,555	0.2%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$1,333,489
Total Liabilities	$2,106,856
Net Assets	-$773,367

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2011

Revenue

$1,200,008

Expenses

$1,611,102

Net Income

-$411,094

Net Assets

-$517,377

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$1,200,000	100.0%
Investment Income	$8	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$5,000	0.3%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$935,125
Total Liabilities	$1,452,502
Net Assets	-$517,377

990

Primary tax return for a nonprofit’s activities, finances, and governance

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

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What Is This Data?

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

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Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

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Updated December 22, 2025

Bancroft Inc Workers Compensation Trust

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $6.58M (2025)

Expenses $6.46M (2025)

Total Assets $656k (2025)

Total Liabilities $2.31M (2025)

Tax Filings by Year

Fiscal Year Ending June 2025

Extracted Financial Data

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Compensation

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990

Fiscal Year Ending June 2024

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Fiscal Year Ending June 2023

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Fiscal Year Ending June 2022

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Fiscal Year Ending June 2021

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Fiscal Year Ending June 2020

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Fiscal Year Ending June 2019

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Fiscal Year Ending June 2018

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Fiscal Year Ending June 2017

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Fiscal Year Ending June 2016

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Fiscal Year Ending June 2015

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Compensation

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Fiscal Year Ending June 2014

Extracted Financial Data

Extracted Financial Data from Form 990

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990

Revenue

$6.58M (2025)

Expenses

$6.46M (2025)

Total Assets

$656k (2025)

Total Liabilities

$2.31M (2025)

Fiscal Year Ending June
2025

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2024

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2023

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2022

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2021

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2020

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2019

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2018

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2017

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2016

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2015

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2014

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2013

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2012

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2011

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2010

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2009

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2008

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2007

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2006

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2005

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2002