Chicago District Council Of Carpenters Welfare Fund

Organization Overview

Chicago District Council Of Carpenters Welfare Fund is located in Chicago, IL. The organization was established in 1956. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Chicago District Council Of 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 06/2023, Chicago District Council Of Carpenters Welfare Fund generated $321.6m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.2% each year. All expenses for the organization totaled $328.3m during the year ending 06/2023. While expenses have increased by 5.7% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

HEALTH BENEFIT FUND

Describe the Organization's Program Activity:

Part 3 - Line 4a

TO PROVIDE HEALTH CARE, PRESCRIPTION, DENTAL, VISION, LIFE AND ACCIDENT, AND DISABILITY BENEFITS FOR ELIGIBLE PLAN PARTICIPANTS AND/OR THEIR DEPENDENTS IN ACCORDANCE WITH THE PLAN DOCUMENT AND SCHEDULE OF BENEFITS.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Blue Cross Blue Shield Of Illinois
Ppo Network Provider
$7,120,336
Premise Health Employer Solutions Llc
Medical Staffing Agency
$1,872,097
Wellington Management Company Llc
Investment Manager
$493,522
Express Scripts
Pharmacy Benefit Manager
$726,064
Compsych
Ppo Network Provider
$358,049
View All Vendors

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$300,611,286
Investment income $18,098,888
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $2,864,653
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $321,576,583

Peer Organizations

Organization NameAssets
Accenture United States Benefit
Chicago, IL
$980,671,236
Wea Insurance Corporation
Madison, WI
$579,871,189
Safeway Inc Welfare Benefit Tr
Chicago, IL
$500,055,601
Midwest Operating Engineers Welfare Fund
Countryside, IL
$656,841,797
United Airlines Employee Sick Leave Tr
Chicago, IL
$443,730,072
Christian Brothers Employee Benefit Trust
Romeoville, IL
$361,212,177
Exelon Corporation Employees Benefit Trust
Chicago, IL
$336,735,319
Chicago District Council Of Carpenters Welfare Fund
Chicago, IL
$321,576,583
Electrical Insurance Trustees
Alsip, IL
$369,143,380
Concordia Health Plan
St Louis, MO
$286,539,630
Carpenters Health & Welfare Trust Fund Of St Louis
St Louis, MO
$277,305,906
Chicago & Vicinity Laborers District Council Health & Welfare
Westchester, IL
$263,903,387
Caterpillar Inc Group Insurance Master Trust Agreement
Chicago, IL
$236,569,415
Hy-Vee Employee Benefit Plan Tr
West Des Moines, IA
$217,149,390
Neca-Ibew Welfare Trust Fund
Decatur, IL
$204,637,992
Boilermakers National Health & Welfare Fund
Kansas City, MO
$307,756,526
The Principal Trust For Health Bens For Ees And Non-Medicare Elig Rets
Des Moines, IA
$76,436,476
Missouri Chamber Federation Benefit Plan Trust
Jefferson City, MO
$189,450,150
Cnh Welfare Benefit Trust
Racine, WI
$143,843,670
Ascension Welfare Benefits Trust
St Louis, MO
$203,696,553
Ameren Health & Welfare Trust
Saint Louis, MO
$173,340,079
Kraft Foods North America Inc Group Benefit Trust I
Chicago, IL
$181,637,300
Pipe Fitters Welfare Fund Local 597
Chicago, IL
$169,209,536
Operating Engineers Local 139
Pewaukee, WI
$161,903,860
Northwestern University Master Welfare Benefit Trust
Chicago, IL
$151,439,535

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