Chicago District Council Of Carpenters Welfare Fund

Organization Overview

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. Chicago District Council Of Carpenters Welfare Fund is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.

For the year ending 06/2021, Chicago District Council Of Carpenters Welfare Fund generated $296.2m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.5% each year. All expenses for the organization totaled $302.5m during the year ending 06/2021. While expenses have increased by 6.3% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

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, PRESCRIPTION, DENTAL, VISION, LIFE AND ACCIDENT, AND DISABILITY BENEFITS FOR ELIGIBLE PLAN PARTICIPANTS AND/OR THEIR DEPENDENTS IN ACCORDANCE WITH THE PLAN DOCUMENT AND SCHEDULE OF BENEFITS.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Blue Cross Blue Shield Of Illinois
Ppo Network Provider
$7,776,103
Compsych
Ppo Network Provider
$2,731,838
Express Scripts
Ppo Network Provider
$736,517
Mcgann Ketterman & Rioux
Attorney
$387,336
Optum Financial
Hra Program Administrator
$348,422
View All Vendors

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$233,345,305
Investment income $23,278,202
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $39,485,144
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $296,188,790

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