Rhode Island Carpenters Health Fund
- Assets
- $21.8m
- Revenue
- $11.9m
- Investments
- $0.0
- Employees
- 3
- Location
- Warwick, RI
- Founding
- Data as of
- 12/2017
- EIN
- 05-0269756
Organization Overview
Rhode Island Carpenters Health Fund is located in Warwick, RI. As of 12/2017, Rhode Island Carpenters Health Fund employed 3 individuals. Rhode Island Carpenters Health Fund is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.
For the year ending 12/2017, Rhode Island Carpenters Health Fund generated $11.9m in total revenue. The organization has seen a slow decline revenue. Over the past 3 years, revenues have fallen by an average of (2.9%) each year. All expenses for the organization totaled $12.8m during the year ending 12/2017. 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
2017
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE MEDICAL, DENTAL AND VISION INSURANCE BENEFITS TO COLLECTIVELY BARGAINED MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION'S EXEMPT PURPOSE IS TO PROVIDE MEDICAL BENEFITS AND DEATH BENEFITS TO ELIGIBLE MEMBERS AND THEIR DEPENDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
W Paul Lander Trustee | Trustee | 1 | $0 |
Sean A Mc Mullen Trustee | Trustee | 1 | $0 |
Thomas E Purcell Jr Trustee | Trustee | 1 | $0 |
Michael Holmes Trustee | Trustee | 1 | $0 |
David F Rampone Trustee | Trustee | 1 | $0 |
David Palmisciano Trustee | Trustee | 1 | $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 | $11,428,428 |
| Investment income | $463,309 |
| 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 | $11,945,279 |
| 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 | $12,372,175 |
| 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 | $76,415 |
| Pension plan accruals and contributions | $8,714 |
| Other employee benefits | $12,047 |
| Payroll taxes | $7,008 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $24,148 |
| Fees for services: Accounting | $17,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $10,000 |
| Fees for services: Other | $166,409 |
| Advertising and promotion | $0 |
| Office expenses | $9,776 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $9,470 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,983 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,261 |
| Insurance | $5,392 |
| All other expenses | $0 |
| Total functional expenses | $12,756,577 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,223,505 |
| Savings and temporary cash investments | $66,789 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,117,819 |
| 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 | $669 |
| Net Land, buildings, and equipment | $1,520 |
| Investments—publicly traded securities | $17,413,715 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $21,824,017 |
| Accounts payable and accrued expenses | $391,885 |
| 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 | $0 |
| Total liabilities | $391,885 |
| Unrestricted restricted net Assets | $0 |
| Temporarily restricted net Assets | $0 |
| Permanently restricted net Assets or current funds | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | $21,432,132 |
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