Carpenters Health And Welfare Trust

Organization Overview

Carpenters Health And Welfare Trust is located in Oakland, CA. The organization was established in 1964. 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. As of 08/2021, Carpenters Health And Welfare Trust employed 1,302 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Carpenters Health And Welfare Trust is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.

For the year ending 08/2021, Carpenters Health And Welfare Trust generated $508.5m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.3% each year. All expenses for the organization totaled $488.7m during the year ending 08/2021. While expenses have increased by 3.4% 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 AND WELFARE BENEFITS TO ELIGIBLE PARTICIPANTS COVERED BY COLLECTIVE BARGAINING AGREEMENTS

Describe the Organization's Program Activity:

Part 3 - Line 4a

TO PROVIDE HEALTH AND WELFARE BENEFITS TO APPROXIMATELY 26,749 ELIGIBLE PARTICIPANTS COVERED BY COLLECTIVE BARGAINING AGREEMENTS BETWEEN EMPLOYERS AND THE UNION.


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Board, Officers & Key Employees

Name (title)Compensation
Randy Jenco
Co-Chair
$0
Jay Bradshaw
Chair
$0
Roy Van Pelt
Trustee
$0
Eddy Luna
Trustee
$0
Mike Mencarini
Trustee
$0
Edward Gable
Trustee
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Delta Dental
Benefits Administrator
$1,367,109
Blue Cross Of California
Benefits Administrator
$2,548,683
Carpenter Funds Administrative Office Of
Administration
$6,670,584
Indemnity Plan Administration
Benefits Administrator
$1,094,217
Medco Health Solution
Benefits Administrator
$687,542
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$438,903,046
Investment income $8,734,974
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $40,654,170
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $508,465,069

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