Mid-Atlantic Regional Council Of Carpenters Health Trust Fund

The information for Mid-Atlantic Regional Council Of Carpenters Health Trust Fund is as of the organization's most recent filing in December 2019. This organization is located in Oxon Hill, MD. It has been in existence for 68 years, following its founding in 1951.

Organization Classification

The IRS classifies organizations according to the National Taxonomy of Exempt Entities (NTEE) system. The NTEE system helps the IRS assign a 3-character code to each organization to describe the organization's activities.

The Mid-Atlantic Regional Council Of Carpenters Health Trust Fund's NTEE code is Y43. The "Y" tells us that the organization is classified along with Voluntary Employees Beneficiary Associations (Non-Government). The "43" tells us that the organization is a Mutual & Membership Benefit. The NTEE describes Mutual & Membership Benefits as non-governmental organizations that provide for the payment of life, sick, accident, or other benefits to the voluntary members of associations or their dependents or designated beneficiaries. This code is exclusively used for organizations exempt from federal taxes under 501(c)(9) of the Internal Revenue Code.

Every organization is also governed by a specific section of the Internal Revenue Code. The most common type is a 501(c)(3) organization. However, there are actually 29 different types of organizations that are identified by the Internal Revenue Code. This organization happens to be a 501(c)(9) organization. The IRS describes these organizations as Voluntary Employee Beneficiary Associations.

Perhaps the most accurate way to get a sense of what the organization hopes to achieve is by looking at its mission. The mission of the Mid-Atlantic Regional Council Of Carpenters Health Trust Fund is to provide health benefits to members.

Program Areas

The program area of providing health benefits to members aims to ensure the well-being of those who are part of the organization. It reports all associated revenues, support, and functional expenses.

Board Governance

The Mid-Atlantic Regional Council Of Carpenters Health Trust Fund is well-governed with 10 voting members and no independent members. Potential conflicts of interest are not present and the organization has not delegated management to an outside firm. The board meetings are documented, as well as the committee meetings. Unfortunately, the organization does not have a conflict of interest policy or a written whistleblower policy. However, they do have a document retention policy and they provide copies of the 990 to the board prior to filing. The organization does not substantiate or review leadership or officer salaries. Overall, the Mid-Atlantic Regional Council Of Carpenters Health Trust Fund is well-governed and it is clear that the organization is taking steps to ensure proper management.

Organization Growth

The Mid-Atlantic Regional Council Of Carpenters Health Trust Fund experienced a positive growth trend over the given five-year period. Program Service Revenue, Total Revenue, and Benefits Paid to Members all increased, while Total Expenses also increased, but at a lower rate. Investment Income was the only line item that decreased.