Carpenters Guaranty Fund

Organization Overview

Carpenters Guaranty Fund is located in Northville, MI. The organization was established in 1973. According to its NTEE Classification (Y99) the organization is classified as: Mutual & Membership Benefit N.E.C., 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. Carpenters Guaranty Fund is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.

For the year ending 04/2022, Carpenters Guaranty Fund generated $197.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (5.2%) each year. All expenses for the organization totaled $243.2k during the year ending 04/2022. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

THE FUND IS MAINTAINED TO PROVIDE FOR PAYMENT OF DELINQUENT CONTRIBUTIONS DUE THE CONSTITUENT MULTI-EMPLOYER TAFT-HARTLEY FUND FROM AN EMPLOYER SUBJECT TO THE COLLECTIVE BARGAINING AGREEMENT IN RESPECT TO A CARPENTER EMPLOYEE WHOSE ELIGIBILITY FOR OR LEVEL OF BENEFITS HAS BEEN IMPAIRED BY THE FACT THAT THE AMOUNT IS UNCOLLECTIBLE FROM THE EMPLOYER.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE GUARANTY FUND HOLDS EMPLOYER SECURITY DEPOSITS AND REIMBURSES QUALIFIED MULTI-EMPLOYER TAFT-HARTLEY CONSTITUENT FUNDS FOR UNCOLLECTIBLE DELINQUENT EMPLOYER CONTRIBUTIONS, PER THE COLLECTIVE BARGAINING AGREEMENT.


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Board, Officers & Key Employees

Name (title)Compensation
Thomas Lutz
Trustee
$0
Michael Barnwell
Chairman
$0
Robert Halik
Secretary
$0
Richard Williamson
Trustee
$0
David Pehrson
Trustee
$0
Ron Urbanczyk
Trustee
$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$190,979
Investment income $6,581
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $197,560

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