Carpenter Contractor Trust
- Assets
- $10.5m
- Revenue
- $3.8m
- Investments
- $0.0
- Employees
- 6
- Location
- Philadelphia, PA
- Founding
- 10/2000
- Data as of
- 12/2023
- 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 12/2023, 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 12/2023, Carpenter Contractor Trust generated $3.8m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 1.3% each year. All expenses for the organization totaled $2.5m during the year ending 12/2023. While expenses have increased by 0.9% per year over the past 5 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
2023
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 | $195,865 |
Anthony Abrantes Trustee | Trustee | 1 | $0 |
Leif Anderson Trustee | Trustee | 1 | $0 |
Layla Bibi Trustee | Trustee | 1 | $0 |
Ray Brugueras 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 | $3,447,713 |
| Investment income | $216,573 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $147,257 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,811,543 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,200 |
| 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. | $195,865 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $345,420 |
| Pension plan accruals and contributions | $149,898 |
| Other employee benefits | $82,596 |
| Payroll taxes | $43,156 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $15,498 |
| Fees for services: Accounting | $19,816 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $66,163 |
| Fees for services: Other | $11,627 |
| Advertising and promotion | $790,433 |
| Office expenses | $67,834 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $39,585 |
| Travel | $79,694 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $41,074 |
| Interest | $307 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $104,999 |
| Insurance | $23,356 |
| All other expenses | $0 |
| Total functional expenses | $2,469,052 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $613,811 |
| Savings and temporary cash investments | $253,658 |
| 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 | $55,910 |
| Investments—publicly traded securities | $9,607,543 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,620 |
| Total assets | $10,533,542 |
| 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 | $7,369 |
| Total liabilities | $7,369 |
| 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 | $10,526,173 |
| Total liabilities and net assets/fund balances | $10,533,542 |