Carpenter Contractor Trust
- Assets
- $8.6m
- Revenue
- $3.1m
- Investments
- $0.0
- Employees
- 6
- Location
- Philadelphia, PA
- Founding
- 10/2000
- Data as of
- 12/2022
- EIN
- 22-3745063
Organization Overview
Carpenter Contractor Trust is located in Philadelphia, PA. The organization was established in 2000. According to its NTEE Classification (J40) the organization is classified as: Labor Unions, under the broad grouping of Employment and related organizations. As of 12/2022, Carpenter Contractor Trust employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Carpenter Contractor Trust is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.
For the year ending 12/2022, Carpenter Contractor Trust generated $3.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.7% each year. All expenses for the organization totaled $1.6m during the year ending 12/2022. While expenses have increased by 1.5% per year over the past 8 years. They've been increasing with an increasing level of total revenue. 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
TO COORDINATE CONTRACTORS AND UNION RELATIONSHIP AS IT PERTAINS TO CONTRACTS, TRAINING AND PROMOTION OF UNION ACTIVITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO COORDINATE CONTRACTORS AND UNION RELATIONSHIP AS IT PERTAINS TO CONTRACTS, TRAINING AND PROMOTION OF UNION ACTIVITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cynthia Williams Director | Trustee | 40 | $178,365 |
Anthony Abrantes Trustee | Trustee | 1 | $0 |
Leif Anderson Trustee | Trustee | 1 | $0 |
Ray Brugueras Trustee | Trustee | 1 | $0 |
Layla Bibi Trustee | Trustee | 1 | $0 |
Benjamin Connors Trustee | Trustee | 1 | $0 |
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 | $2,789,984 |
| Investment income | $189,787 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $96,477 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,085,690 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $4,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $178,365 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $207,769 |
| Pension plan accruals and contributions | $94,992 |
| Other employee benefits | $75,366 |
| Payroll taxes | $29,970 |
| Fees for services: Management | $57,662 |
| Fees for services: Legal | $15,125 |
| Fees for services: Accounting | $28,028 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $60,056 |
| Fees for services: Other | $6,769 |
| Advertising and promotion | $573,298 |
| Office expenses | $89,810 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $36,984 |
| Travel | $44,792 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $42,285 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $53,601 |
| Insurance | $21,171 |
| All other expenses | $0 |
| Total functional expenses | $1,628,721 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $372,847 |
| Savings and temporary cash investments | $272,779 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $77,594 |
| Investments—publicly traded securities | $7,888,752 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,620 |
| Total assets | $8,614,592 |
| Accounts payable and accrued expenses | $0 |
| 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 | $516 |
| Total liabilities | $516 |
| 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 | $8,614,076 |
| Total liabilities and net assets/fund balances | $8,614,592 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American Federation Of Teachers New York, NY | $15,634,112 | $19,917,624 |
Sheetmetal Workers Local 12 Pittsburgh, PA | $43,864,039 | $19,934,211 |
International Brotherhood Of Electrical Workers Flushing, NY | $42,808,557 | $29,527,864 |
American Federation Of State County & Municipal Employees New York, NY | $5,666,474 | $18,719,600 |
International Brotherhood Of Electrical Workers Lanham, MD | $52,981,835 | $24,694,150 |
Laboers International Union Of North America New York, NY | $82,959,218 | $20,599,249 |
Teamsters Local 97 Fund Clark, NJ | $4,130,996 | $17,509,914 |
International Union Of Operating Engineers 825 825 A&b Springfield, NJ | $42,119,361 | $15,523,159 |
Electrical Workers Local No 86 Insurance Fund Plan And Trust Rochester, NY | $26,301,983 | $18,525,409 |
International Union Of Painters And Allied Trades New York, NY | $30,422,741 | $16,478,287 |
International Brotherhood Of Teamsters New York, NY | $10,937,127 | $16,693,793 |
International Union Of Operating Engineers 18 Cleveland, OH | $86,409,079 | $20,332,852 |