Chicago District Council Of Carpenters Welfare Fund is located in Chicago, IL. The organization was established in 1956. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.
For the year ending 06/2019, Chicago District Council Of Carpenters Welfare Fund generated $306.0m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 2.5% each year. All expenses for the organization totaled $261.2m during the year ending 06/2019. While expenses have increased by 4.4% per year over the past 5 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
2019
Describe the Organization's Mission:
Part 3 - Line 1
HEALTH BENEFIT FUND
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE HEALTH CARE, DENTAL, AND DISABILITY BENEFITS FOR ELIGIBLE PLAN PARTICIPANTS AND/OR THEIR DEPENDENTS IN ACCORDANCE WITH THE PLAN DOCUMENT AND SCHEDULE OF BENEFITS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Kristina Guastaferri Administrator | Officer | 20 | $0 |
Jeffrey Isaacson Trustee | Trustee | 2 | $0 |
Keith Jutkins Trustee | Trustee | 2 | $0 |
Gerald W Thiel Jr Trustee | Trustee | 2 | $0 |
Joseph Pastorino Trustee | Trustee | 2 | $0 |
Kevin Geshwender Trustee | Trustee | 2 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Blue Cross Blue Shield Of Illinois Ppo Network Provider | 6/29/19 | $7,406,259 |
Medco Health Solutions Ppo Network Provider | 6/29/19 | $581,261 |
Wellington Trust Investment Management | 6/29/19 | $642,098 |
Legacy Professionals Llp Accountant | 6/29/19 | $514,886 |
Mcgann Ketterman & Rioux Attorney | 6/29/19 | $516,299 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
Investment income | $23,974,093 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $1,518,145 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $305,952,757 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic individuals. | $0 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $250,252,493 |
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 | $0 |
Fees for services: Management | $0 |
Fees for services: Legal | $595,896 |
Fees for services: Accounting | $119,418 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $1,616,070 |
Fees for services: Other | $401,437 |
Advertising and promotion | $0 |
Office expenses | $401,088 |
Information technology | $305,366 |
Royalties | $0 |
Occupancy | $244,944 |
Travel | $0 |
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 | $161,417 |
Insurance | $49,443 |
All other expenses | $0 |
Total functional expenses | $261,193,810 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $2,169,964 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $25,645,239 |
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 | $9,936 |
Investments—publicly traded securities | $522,251,234 |
Investments—other securities | $355,761,105 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $11,427,380 |
Total assets | $918,215,522 |
Accounts payable and accrued expenses | $1,891,215 |
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 | $25,384,593 |
Total liabilities | $27,275,808 |
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 |
Total liabilities and net assets/fund balances | $890,939,714 |
Organization Name | Assets | Revenue |
---|---|---|
Line Construction Benefit Fund Lombard, IL | $995,310,310 | $745,010,038 |
Wea Insurance Corporation Madison, WI | $712,836,642 | $615,393,234 |
Safeway Inc Welfare Benefit Tr Chicago, IL | $0 | $500,055,601 |
Exelon Corporation Employees Benefit Trust Chicago, IL | $43,559,127 | $497,549,343 |
United Airlines Employee Sick Leave Tr Chicago, IL | $38,452,063 | $380,552,286 |
Caterpillar Inc Group Insurance Master Trust Agreement Chicago, IL | $255,709,869 | $246,707,757 |
Christian Brothers Employee Benefit Trust Romeoville, IL | $177,676,687 | $317,215,302 |
Ascension Welfare Benefits Trust St Louis, MO | $185,079,173 | $324,182,954 |
Midwest Operating Engineers Welfare Fund Countryside, IL | $570,825,851 | $330,851,269 |
Concordia Health Plan St Louis, MO | $185,239,752 | $266,059,390 |
Chicago District Council Of Carpenters Welfare Fund Chicago, IL | $918,215,522 | $305,952,757 |
Electrical Insurance Trustees Chicago, IL | $711,659,007 | $277,859,235 |