Central Illinois Carpenters Health & Welfare Trust Fund is located in Lincoln, IL. The organization was established in 1982. 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 12/2023, Central Illinois Carpenters Health & Welfare Trust Fund employed 48 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Central Illinois Carpenters Health & Welfare Trust Fund is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.
For the year ending 12/2023, Central Illinois Carpenters Health & Welfare Trust Fund generated $35.6m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 2.5% each year. All expenses for the organization totaled $33.5m during the year ending 12/2023. While expenses have increased by 2.3% per year over the past 9 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
HEALTH AND WELFARE PLAN
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE HEALTH & WELFARE BENEFITS TO MEMBERS
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Nathan German- Past Chairman | OfficerTrustee | 0 | $0 |
Riki Dial Trustee | Trustee | 0 | $0 |
Jason Brewer Trustee | Trustee | 0 | $0 |
Jeff Fuerst Secretary | OfficerTrustee | 0 | $0 |
Matt Watchiniski Trustee | Trustee | 0 | $0 |
Matt Bender Trustee | Trustee | 0 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Romolo & Associates Llc Accounting/auditing | 12/30/23 | $128,597 |
Cavanagh & O'hara Legal | 12/30/23 | $112,406 |
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 | $33,428,637 |
Investment income | $1,719,673 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $104,135 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $35,583,478 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $0 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $31,270,539 |
Compensation of current officers, directors, key employees. | $0 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $361,029 |
Pension plan accruals and contributions | $80,198 |
Other employee benefits | $152,347 |
Payroll taxes | $50,760 |
Fees for services: Management | $0 |
Fees for services: Legal | $111,324 |
Fees for services: Accounting | $126,997 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $82,502 |
Fees for services: Other | $191,516 |
Advertising and promotion | $0 |
Office expenses | $161,557 |
Information technology | $190,385 |
Royalties | $0 |
Occupancy | $42,192 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $4,712 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $102,638 |
Insurance | $36,120 |
All other expenses | $5,512 |
Total functional expenses | $33,501,309 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $0 |
Savings and temporary cash investments | $15,430,738 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $3,673,341 |
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 | $41,387 |
Net Land, buildings, and equipment | $501,559 |
Investments—publicly traded securities | $49,481,361 |
Investments—other securities | $3,756,197 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $72,884,583 |
Accounts payable and accrued expenses | $1,177,768 |
Grants payable | $0 |
Deferred revenue | $381,562 |
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 | $3,007,000 |
Total liabilities | $4,566,330 |
Net assets without donor restrictions | $68,318,253 |
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 | $0 |
Total liabilities and net assets/fund balances | $72,884,583 |