Cause IQ organization profile

Northeast Carpenters Health Fund

Form 990s | Financials | Vendors | Personnel | Peers

Northeast Carpenters Health Fund is a fraternal society based in Edison, NJ that was founded in 1953. As of 2018 they had $329 million in revenue and $695 million in assets.

The Northeast Carpenters Funds is the combined name of the Northeast Carpenters Pension Fund, Annuity Fund, Health Fund and Vacation Fund. To provide health and welfare benefits to those participants covered under the collective bargaining agreement.

Previous legal names or variations of their name include: New Jersey Carpenters Welfare Fund.

EIN:

22-6032181

City:

Edison

State:

New Jersey

Metro:

New York-Newark-Jersey City, NY-NJ-PA

NTEE:

Y40: Fraternal organizations

Website:

njcf.org

Type:

501(c)(9)

Revenue:

$329,736,736

Assets:

$695,823,825

Employees:

1,012

Fiscal year end:

December

Founded:

1953

Revenue trends:

Asset trends:

Form 990s for Northeast Carpenters Health Fund

Fiscal year ending	Date received by IRS	Form	PDF link
2017-12	Feb 21, 2019	990	View PDF
2016-12	Jan 18, 2018	990	View PDF
2016-12	Nov 22, 2017	990O	View PDF
2015-12	Mar 29, 2017	990O	View PDF
2014-12	Feb 17, 2016	990O	View PDF
...and four more Form 990 PDFs

Financials for Northeast Carpenters Health Fund

Field	2017	2016	% Change
Federated campaigns	$0	$0
Membership dues	$0	$0
Fundraising event contributions	$0	$0
Related organizations	$0	$0
Government grants (contributions)	$0	$0
Normal grants, contributions, etc.	$0	$0
Non-cash contributions	$0	$0
Program services	$310,846,786	$304,718,657	2.0%
Investment income and dividends	$12,192,913	$10,216,031	19.4%
Tax-exempt bond proceeds	$0	$0
Royalty revenue	$0	$0
Net rental income	$0	$0
Net gain from sale of non-inventory assets	$5,949,477	$-173,634	3526.4%
Net income from fundraising events	$0	$0
Net income from gaming activities	$0	$0
Net income from sales of inventory	$0	$0
Miscellaneous revenues	$747,560	$2,216,229	-66.3%
Total revenues	$329,736,736	$316,977,283	4.0%

Field	2017	2016	% Change
Grants to govts. and orgs. in USA	$0	$0
Grants to individuals in USA	$0	$0
Grants to govts., orgs., and individuals outside USA	$0	$0
Benefits paid to or for members	$240,138,068	$221,341,876	8.5%
Compensation of current officers, etc.	$0	$598,153	-100%
Compensation not included above, to disqualified persons	$190,251	$0	999%
Non-officer salaries and wages	$4,712,238	$4,482,834	5.1%
Pension/retirement accruals and contributions	$1,174,511	$1,388,714	-15.4%
Other employee benefits	$1,243,030	$759,495	63.7%
Payroll taxes	$357,477	$356,357	0.3%
Management fees	$0	$0
Legal fees	$1,057,799	$370,157	185.8%
Accounting fees	$186,900	$238,566	-21.7%
Lobbying fees	$0	$0
Pro. fundraising fees	$0	$0
Investment mgmt fees	$1,106,259	$1,460,388	-24.2%
Other fee-for-service	$1,551,348	$1,443,745	7.5%
Advertising and promotion	$0	$0
Office expenses	$626,559	$377,794	65.8%
Information tech. expenses	$328,139	$89,872	265.1%
Royalty expenses	$0	$0
Occupancy	$395,494	$409,784	-3.5%
Travel	$12,442	$4,554	173.2%
Public official travel and entertainment	$0	$0
Conferences, meetings, etc.	$96,881	$60,614	59.8%
Interest	$0	$0
Payments to affiliates	$0	$0
Depreciation, amortization, etc.	$64,536	$5,184	1144.9%
Insurance	$188,615	$286,593	-34.2%
All other expenses	$142,881	$-177,893	180.3%
Total expenses	$253,573,428	$233,496,787	8.6%

Field	2017	2016	% Change
Cash (non-interest-bearing)	$48,609,139	$29,604,203	64.2%
Savings, short-term investments, etc.	$70,100,678	$58,910,250	19.0%
Pledges and grants receivable	$0	$0
Accounts receivable	$46,505,976	$44,095,220	5.5%
Loans receivable from officers, directors, etc.	$0	$0
Loans receivable from other disqualified persons	$0	$0
Notes and loans receivable	$0	$0
Inventories for use	$0	$0
Prepaid expenses and deferred charges	$4,080,543	$2,503,302	63.0%
Buildings, equipment, etc. post-depreciation	$585,991	$225,865	159.4%
Investments, publicly traded securities	$355,415,922	$345,601,373	2.8%
Investments, other securities	$131,320,148	$80,821,160	62.5%
Investments, program-related	$0	$0
Intangible assets	$0	$0
Other assets	$39,205,428	$17,796,811	120.3%
Total assets	$695,823,825	$579,558,184	20.1%

Field	2017	2016	% Change
Accounts payable and accrued expenses	$6,603,263	$3,716,938	77.7%
Grants payable	$0	$0
Deferred revenue	$0	$0
Tax-exempt bond liabilities	$0	$0
Escrow or custodial account liability	$0	$0
Loans payable to officers and disqualified persons	$0	$0
Secured mortgages and notes payable to unrelated third parties	$0	$0
Unsecured notes and loans payable to unrelated third parties	$0	$0
Other liabilities	$78,560,477	$54,851,894	43.2%
Total liabilities	$85,163,740	$58,568,832	45.4%

Field	2017	2016
Unrestricted net assets	$0	$0
Temporarily restricted net assets	$0	$0
Permanently restricted net assets	$0	$0

Vendors for Northeast Carpenters Health Fund

Vendor	Services	Amount paid	Date
Schultheis and Panettieri LLP	Tax accounting; Accounting	$891,539	2018-12-18
██████	Fundraising software		2018-07-10
███████ ███ ████	Fundraising software; Payment processing		2018-07-10
██████ ████████████ █████████ ███	Claims Processing	$1,670,182	2017-12-01
████████ ████	Claims Processing	$1,043,744	2017-12-01
███████ ████	Claims Processing	$1,438,002	2017-12-01
████████ ███ ████████ ███	Legal Services	$972,524	2017-12-01
███████ ███████	Employee (plan)	$52,233	2016-12-31
...and 193 more vendors

Personnel at Northeast Carpenters Health Fund

Name	Title	Compensation	Most recent data
Peter Tonia	Fund Director / Fund Administrator	$0	Dec. 18, 2018
George Laufenberg	Fund Director	$366,748	March 29, 2017
██████ ██████████ ████████	Administrator	-	Nov. 12, 2014

Peer fraternal organizations

	Name	Type	Revenue	Location
1	Operating Engineers Local No 825 Welfare Fund	501(c)(9)	$140 million	Springfield, NJ
2	Heavy and General Laborers Local 472 and Local 172 of New Jersey Welfare Fund	501(c)(9)	$169 million	Newark, NJ
3	New England Carpenters Health Benefits Fund	501(c)(9)	$143 million	Wilmington, MA
4	St Louis-Kansas City Regional Health Plan	501(c)(9)	$214 million	St Louis, MO
5	Operating Engineers Welfare Fund of Eastern Pa & Delaware Local 542	501(c)(9)	$90 million	FT Washington, PA
6	Tri-State Joint Fund	501(c)(9)	$94 million	Cheshire, CT
7	Ilwu-Pma Welfare Trust	501(c)(9)	$738 million	San Francisco, CA
8	Mid Central Operating Engineers Health & Welfare Fund	501(c)(9)	$84 million	Terre Haute, IN
9	Iron Workers Local 40	501(c)(9)	$146 million	New York, NY
10	Local 25 Seiu Welfare Fund	501(c)(9)	$126 million	Chicago, IL
11	1199 SEIU NBF for Home Care Employees	501(c)(9)	$239 million	New York, NY
12	California Ironworkers Field Welfare Plan	501(c)(9)	$200 million	Pasadena, CA
13	Carpenters Health and Security Plan of Western Washington	501(c)(9)	$143 million	Seattle, WA
14	United Food & Commercial Workers Union-Employer HLTH & Welfare Fund	501(c)(9)	$121 million	Broadview HTS, OH
15	Xcel Energy Inc Voluntary Employees Benefciary Trust for Active Employ (Veba Trust for Active Employees)	501(c)(9)	$158 million	Minneapolis, MN
16	Los Angeles County Fire Fighters Local 1014 Health and Welfare Plan	501(c)(9)	$93 million	El Monte, CA
17	Electrical Welfare Trust Fund	501(c)(9)	$121 million	Lanham, MD
18	United Federation of Teachers Welfare Fund (Uft Welfare Fund)	501(c)(9)	$348 million	New York, NY
19	Electrical Workers Health and Welfare Fund Local 103 Ibew	501(c)(9)	$123 million	Boston, MA
20	Local 94 94A 94B Health and Benefit Trust Fund IUOE AFL-CIO	501(c)(9)	$125 million	New York, NY
21	Excavators Union-731 Welfare Fund	501(c)(9)	$164 million	Astoria, NY
22	Electrical Insurance Trustees	501(c)(9)	$261 million	Chicago, IL
23	Seafarers Health and Benefits Plan	501(c)(9)	$98 million	Camp Srings, MD
24	Compass Rose Benefits Group	501(c)(9)	$233 million	Reston, VA
25	Indiana Laborers Welfare Fund	501(c)(9)	$83 million	Terre Haute, IN

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