N Y C District Council Carpenters Welfare Fund
- Assets
- $844.7m
- Revenue
- $405.9m
- Investments
- $536.5m
- Employees
- 103
- Location
- New York, NY
- Founding
- 11/1951
- Data as of
- 06/2022
- EIN
- 13-5615576
Organization Overview
N Y C District Council Carpenters Welfare Fund is located in New York, NY. The organization was established in 1951. According to its NTEE Classification (Y43) the organization is classified as: Voluntary Employees Beneficiary Associations (Non-Government), under the broad grouping of Mutual & Membership Benefit and related organizations. As of 06/2022, N Y C District Council Carpenters Welfare Fund employed 103 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. N Y C District Council Carpenters Welfare Fund is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.
For the year ending 06/2022, N Y C District Council Carpenters Welfare Fund generated $405.9m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.5%) each year. All expenses for the organization totaled $438.1m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE PURPOSE OF THE PLAN IS TO PROVIDE HEALTH AND OTHER BENEFITS TO ELIGIBLE PARTICIPANTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PURPOSE OF THE PLAN IS TO PROVIDE HEALTH AND OTHER BENEFITS TO ELIGIBLE PARTICIPANTS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Lesniewski CFO | Officer | 19 | $310,899 |
Kristin O'brien Fowlkes Executive Dir. | Officer | 19 | $289,062 |
David Jacobsen Controller | 19 | $190,784 | |
Benjamin Lambert It Director | 19 | $171,061 | |
Frances Considine Welfare Director | 19 | $153,212 | |
Gino Fiacco Remittance Manager | 19 | $143,120 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Empire Healthchoice Assurance Inc Health Claim Process | 6/29/22 | $5,390,074 |
Express Scripts Inc Prescr Claim Process | 6/29/22 | $2,022,966 |
Schultheis & Panettieri Llp Audit/pr Audit | 6/29/22 | $1,628,513 |
Virginia & Ambinder Llp Legal Counsel | 6/29/22 | $1,288,413 |
Novak Francella Llc Pr Audit | 6/29/22 | $1,328,310 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $399,189,665 |
| Investment income | $13,618,742 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$8,401,347 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $405,915,233 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $344,815 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $424,184,281 |
| Compensation of current officers, directors, key employees. | $743,646 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,971,701 |
| Pension plan accruals and contributions | $901,425 |
| Other employee benefits | $1,168,975 |
| Payroll taxes | $269,877 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $946,332 |
| Fees for services: Accounting | $1,415,966 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,519,903 |
| Fees for services: Other | $411,844 |
| Advertising and promotion | $0 |
| Office expenses | $627,246 |
| Information technology | $545,293 |
| Royalties | $0 |
| Occupancy | $1,147,624 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $28,080 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $228,203 |
| Insurance | $238,536 |
| All other expenses | $0 |
| Total functional expenses | $438,115,919 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $18,285,440 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $52,992,246 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $531,712 |
| Investments—publicly traded securities | $235,036,515 |
| Investments—other securities | $536,538,657 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,318,335 |
| Total assets | $844,702,905 |
| Accounts payable and accrued expenses | $1,789,266 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $119,574,983 |
| Total liabilities | $121,364,249 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $723,338,656 |
| Total liabilities and net assets/fund balances | $844,702,905 |