Carpenters Fund Adm
- Assets
- $18.8m
- Revenue
- $18.4m
- Investments
- $0.0
- Employees
- 108
- Location
- Oakland, CA
- Founding
- 02/2000
- Data as of
- 08/2021
- EIN
- 94-1557079
Organization Overview
Carpenters Fund Adm is located in Oakland, CA. The organization was established in 2000. 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 08/2021, Carpenters Fund Adm employed 108 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Carpenters Fund Adm is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.
For the year ending 08/2021, Carpenters Fund Adm generated $18.4m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.6% each year. All expenses for the organization totaled $18.4m during the year ending 08/2021. While expenses have increased by 3.6% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE ADMINISTRATIVE SERVICES FOR VARIOUS RELATED CARPENTER TRUST FUNDS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE ADMINISTRATIVE SERVICES FOR VARIOUS RELATED CARPENTER TRUST FUNDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Russell Fairles Director Of Regulations | 45 | $168,169 | |
Pauline Hann Director Of Benefits | 45 | $157,155 | |
Maria Gonzalez Director Of Corp Accounting | 45 | $156,374 | |
Jarrod Mizusawa Manager Of Employer Servic | 45 | $138,626 | |
William Feyling Administrator | OfficerTrustee | 40 | $88,471 |
Gene Price Secretary/ceo | OfficerTrustee | 45 | $46,114 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Vavrinek Trine Day & Co Llp Financial Audit And Payroll Compliance | 8/30/18 | $309,499 |
Hemming Morse Llp Financial Audit And Payroll Compliance | 8/30/18 | $153,031 |
J H Lee Accountancy Copr Compliance Audit | 8/30/18 | $169,579 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,501,000 |
| 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 | $1,501,000 |
| Total Program Service Revenue | $16,607,536 |
| Investment income | $16,229 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $10,925 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $18,437,550 |
| 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 | $0 |
| Compensation of current officers, directors, key employees. | $225,254 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,410,417 |
| Pension plan accruals and contributions | $1,399,463 |
| Other employee benefits | $1,892,633 |
| Payroll taxes | $603,641 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $101,398 |
| Fees for services: Accounting | $600,904 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $60,970 |
| Fees for services: Other | $80,830 |
| Advertising and promotion | $0 |
| Office expenses | $303,669 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,512,902 |
| Travel | $40,504 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $272,342 |
| Insurance | $222,356 |
| All other expenses | $300,090 |
| Total functional expenses | $18,437,550 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,333,035 |
| Savings and temporary cash investments | $6,652,161 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $707,859 |
| 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 | $465,972 |
| Net Land, buildings, and equipment | $613,378 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $18,772,405 |
| Accounts payable and accrued expenses | $763,426 |
| Grants payable | $0 |
| Deferred revenue | $28,473 |
| 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 | $22,472,092 |
| Total liabilities | $23,263,991 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $12 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | -$4,491,598 |
| Total liabilities and net assets/fund balances | $18,772,405 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Joint Benefit Trust Dublin, CA | $57,691,300 | $62,000,712 |
Southern California Edison Co Veba Non Represented Trust Rosemead, CA | $96,435,783 | $52,296,325 |
Electrical Workers Health & Welfare Trust Fund For San<francisco San Francisco, CA | $101,740,447 | $49,849,455 |
Hawaii Carpenters Health & Welfare Trust Fund Honolulu, HI | $342,620,336 | $68,342,021 |
Teamsters Security Fund For Southern Nevada Local 14 Las Vegas, NV | $34,705,927 | $47,693,145 |
Operating Engineers Vacation- Holiday Savings Trust Pasadena, CA | $43,044,158 | $45,362,353 |
Teamster Sanitation Industry Tr Fund glendale, CA | $1,112,159 | $44,721,078 |
San Diego Electrical Health & Welfare Trust San Diego, CA | $35,021,593 | $39,529,238 |
Hawaii Laborers Health And Welfare Trust Fund Honolulu, HI | $112,765,568 | $46,612,013 |
Teamsters Health And Welfare Trust Fund Honolulu, HI | $27,503,384 | $46,365,361 |
Operating Engineers Security Fund West Covina, CA | $104,572,934 | $56,458,139 |
Ckpu-Kp Education & Training Trust Fund Oakland, CA | $33,714,091 | $35,135,589 |