Southwest Carpenters Vacation Trust
- Assets
- $83.6m
- Revenue
- $223.0m
- Investments
- $2.9m
- Employees
- 54
- Location
- Los Angeles, CA
- Founding
- 07/1964
- Data as of
- 12/2021
- EIN
- 95-6042279
Organization Overview
Southwest Carpenters Vacation Trust is located in Los Angeles, CA. The organization was established in 1964. 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 12/2021, Southwest Carpenters Vacation Trust employed 54 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Southwest Carpenters Vacation Trust is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.
For the year ending 12/2021, Southwest Carpenters Vacation Trust generated $223.0m in total revenue. All expenses for the organization totaled $227.7m during the year ending 12/2021. While expenses have increased by 99.4% per year over the past 7 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
DISTRIBUTION OF VACATION BENEFITS
Describe the Organization's Program Activity:
Part 3 - Line 4a
SERVICES PERFORMED FOR DISTRIBUTION OF VACATION BENEFITS FOR 46,470 ACTIVE PARTICIPANTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Allen Othman Trustee | Trustee | 1 | $0 |
Kim Fromer Trustee | Trustee | 1 | $0 |
Richard Harris Trustee | Trustee | 1 | $0 |
Calvin Yoshida Trustee | Trustee | 1 | $0 |
Anthony Rosetti Trustee | Trustee | 1 | $0 |
Clint Larison Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Carpenters Southwest Administrative Corp Administrative Services | 12/30/21 | $2,542,371 |
Decarlo & Shanley Legal Services | 12/30/21 | $314,221 |
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 | $222,681,532 |
| Investment income | $284,042 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$3,875 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $222,961,699 |
| 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 | $224,687,980 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $5,890 |
| Fees for services: Management | $2,362,651 |
| Fees for services: Legal | $346,689 |
| Fees for services: Accounting | $25,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $31,780 |
| Fees for services: Other | $133,840 |
| Advertising and promotion | $0 |
| Office expenses | $91,867 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,757 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $19,802 |
| All other expenses | $0 |
| Total functional expenses | $227,707,256 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $184,100 |
| Savings and temporary cash investments | $3,232,696 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $18,323,752 |
| 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 | $10,205 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $58,489,599 |
| Investments—other securities | $2,924,439 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $457,876 |
| Total assets | $83,622,667 |
| Accounts payable and accrued expenses | $46,249 |
| 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 | $78,716,784 |
| Total liabilities | $78,763,033 |
| 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 | $4,859,634 |
| Total liabilities and net assets/fund balances | $83,622,667 |