Construction Workers Trust Fund is located in Columbia, MD. The organization was established in 1954. 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. Construction Workers Trust Fund is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.
For the year ending 09/2021, Construction Workers Trust Fund generated $10.8m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.0%) each year. All expenses for the organization totaled $10.0m during the year ending 09/2021. As we would expect to see with falling revenues, expenses have declined by (0.6%) per year over the past 6 years. 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
PROVIDING HEALTH BENEFITS
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDES MEDICAL, DISABILITY AND LIFE INSURANCE BENEFITS TO ELIGIBLE MEMBERS AND DEPENDENTS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Miguel Diaz Trustee | Trustee | 1 | $0 |
Charles M Holub Trustee | Trustee | 1 | $0 |
Dennis Desmond Trustee | Trustee | 1 | $0 |
Christopher Jarquin Trustee | Trustee | 1 | $0 |
Julio Palomo Chairman | Trustee | 1 | $0 |
J Nick Thrappas Trustee | Trustee | 1 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Gordon Fienblatt Llc Legal | 9/29/21 | $160,516 |
Carefirst Admin Admin & Access Fees | 9/29/21 | $214,573 |
Benesys Inc Tpa | 9/29/21 | $347,966 |
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 | $10,380,778 |
Investment income | $205,021 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $243,873 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $10,829,672 |
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 | $9,240,877 |
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 | $0 |
Fees for services: Management | $293,735 |
Fees for services: Legal | $160,516 |
Fees for services: Accounting | $15,760 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $5,684 |
Fees for services: Other | $24,030 |
Advertising and promotion | $0 |
Office expenses | $15,116 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $0 |
Travel | $400 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $1,625 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $0 |
Insurance | $141,712 |
All other expenses | $0 |
Total functional expenses | $10,020,464 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $3,085,179 |
Savings and temporary cash investments | $1,199,181 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $1,042,984 |
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 | $0 |
Net Land, buildings, and equipment | $0 |
Investments—publicly traded securities | $15,887,385 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $21,214,729 |
Accounts payable and accrued expenses | $104,644 |
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 | $104,644 |
Net assets without donor restrictions | $0 |
Net assets with donor restrictions | $0 |
Capital stock or trust principal, or current funds | $21,110,085 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Retained earnings, endowment, accumulated income, or other funds | $0 |
Total liabilities and net assets/fund balances | $21,214,729 |