Hawaii Carpenters Health & Welfare Trust Fund

Organization Overview

Hawaii Carpenters Health & Welfare Trust Fund is located in Honolulu, HI. The organization was established in 1970. 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 08/2019, Hawaii Carpenters Health & Welfare Trust Fund generated $63.6m in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (1.1%) each year. All expenses for the organization totaled $44.3m during the year ending 08/2019. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2019

Describe the Organization's Mission:

Part 3 - Line 1

TO OPERATE HEALTH AND WELFARE EMPLOYEE BENEFIT PLANS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

MEDICAL, DENTAL, LIFE INSURANCE AND OTHER HEALTH & WELFARE BENEFITS WERE PROVIDED TO ELIGIBLE PARTICIPANTS UNDER TWO EMPLOYEE BENEFIT PLANS.


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Board, Officers & Key Employees

Name (title)Compensation
Eric Hashizume
Co-Chair
$0
Ronald Taketa
Co-Chair
$0
Russell Young
Secretary
$0
George Ehara
Trustee
$0
Kyle Chock
Trustee
$0
Shayne Chung
Trustee
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Hawaii Medical Service Administration
Claims Administrator
$1,123,495
Benefit Plan Solutions Inc
Benefit Consultant
$128,389
Raymond James
Investment Manager
$175,493
First Hawaiian Bank
Investment Custodian
$194,576
Hawaii Benefit Administrators Inc
Plan Administration
$584,189
View All Vendors

Financial Statements

Statement of Revenue
Total Revenue from Contributions, Gifts, Grants & Similar$0
Investment income $7,739,176
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $6,892,797
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $63,622,957

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