Cause IQ organization profile

Northeast Carpenters Health Fund

Northeast Carpenters Health Fund is a fraternal society based in Edison, NJ that was founded in 1953. As of 2019 they had $318 million in revenue and $706 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

Phone:

732-417-3900

Founded:

1953

Type:

501(c)(9)

NTEE:

Y40: Fraternal organizations

Revenue:

$318,125,668

Assets:

$706,866,719

Employees:

941

Fiscal year end:

December

Revenue trends:

Asset trends:

Program areas at Northeast Carpenters Health Fund

The purpose of the plan is to provide health and other benefits to eligible participants.

Form 990s for Northeast Carpenters Health Fund

Fiscal year ending	Date received by IRS	Form	PDF link
2018-12	Dec 11, 2019	990O	View PDF
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
...and six more Form 990 PDFs

Financials for Northeast Carpenters Health Fund

Field	2017	2016
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
<em>Non-cash contributions included in above</em>	$0	$0
Total grants, contributions, etc.	$0	$0

Field	2018	2017	% Change
Total grants, contributions, etc.	$0	$0
Program services	$301,061,501	$310,846,786	-3.1%
Investment income and dividends	$13,002,650	$12,192,913	6.6%
Tax-exempt bond proceeds	$0	$0
Royalty revenue	$0	$0
Net rental income	$0	$0
Net gain from sale of non-inventory assets	$3,118,302	$5,949,477	-47.6%
Net income from fundraising events	$0	$0
Net income from gaming activities	$0	$0
Net income from sales of inventory	$0	$0
Miscellaneous revenues	$943,215	$747,560	26.2%
Total revenues	$318,125,668	$329,736,736	-3.5%

Field	2018	2017	% 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	$257,829,287	$240,138,068	7.4%
Compensation of current officers, etc.	$0	$0
Compensation not included above, to disqualified persons	$226,833	$190,251	19.2%
Non-officer salaries and wages	$3,766,685	$4,712,238	-20.1%
Pension/retirement accruals and contributions	$1,166,865	$1,174,511	-0.7%
Other employee benefits	$733,921	$1,243,030	-41.0%
Payroll taxes	$339,895	$357,477	-4.9%
Management fees	$0	$0
Legal fees	$430,432	$1,057,799	-59.3%
Accounting fees	$212,700	$186,900	13.8%
Lobbying fees	$0	$0
Pro. fundraising fees	$0	$0
Investment mgmt fees	$1,125,399	$1,106,259	1.7%
Other fee-for-service	$1,602,249	$1,551,348	3.3%
Advertising and promotion	$0	$0
Office expenses	$507,074	$626,559	-19.1%
Information tech. expenses	$533,074	$328,139	62.5%
Royalty expenses	$0	$0
Occupancy	$442,511	$395,494	11.9%
Travel	$0	$12,442	-100%
Public official travel and entertainment	$0	$0
Conferences, meetings, etc.	$110,727	$96,881	14.3%
Interest	$0	$0
Payments to affiliates	$0	$0
Depreciation, amortization, etc.	$60,427	$64,536	-6.4%
Insurance	$170,135	$188,615	-9.8%
All other expenses	$122,819	$142,881	-14.0%
Total expenses	$269,381,033	$253,573,428	6.2%

Field	2018	2017	% Change
Cash (non-interest-bearing)	$81,405,356	$48,609,139	67.5%
Savings, short-term investments, etc.	$84,894,423	$70,100,678	21.1%
Pledges and grants receivable	$0	$0
Accounts receivable	$39,289,343	$46,505,976	-15.5%
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	$3,427,032	$4,080,543	-16.0%
Buildings, equipment, etc. post-depreciation	$824,880	$585,991	40.8%
Investments, publicly traded securities	$351,600,691	$355,415,922	-1.1%
Investments, other securities	$128,173,785	$131,320,148	-2.4%
Investments, program-related	$0	$0
Intangible assets	$0	$0
Other assets	$17,251,209	$39,205,428	-56.0%
Total assets	$706,866,719	$695,823,825	1.6%

Field	2018	2017	% Change
Accounts payable and accrued expenses	$5,959,141	$6,603,263	-9.8%
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	$53,494,453	$78,560,477	-31.9%
Total liabilities	$59,453,594	$85,163,740	-30.2%

Field	2018	2017
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
████████ ███ ████████ ███	Legal Services	$972,524	2017-12-01
██████ ████████████ █████████ ███	Claims Processing	$1,670,182	2017-12-01
███████ ████	Claims Processing	$1,438,002	2017-12-01
████████ ████	Claims Processing	$1,043,744	2017-12-01
███ ██████	Custodial (securities)	$17,825	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	Ufcw National Health and Welfare Fund	501(c)(9)	$142 million	Englewood, NJ
2	Local 464A United Food and Commercial Workers Union Welfare Service Benefit Fund	501(c)(9)	$83 million	Little Falls, NJ
3	United Food and Commercial Workers Union Local 1262 Employers Welfare Fund	501(c)(9)	$81 million	Clifton, NJ
4	Michigan Conference of Teamsters Welfare Fund	501(c)(9)	$293 million	Detroit, MI
5	Board of Trustees of SMWIA Lu No 28 Welfare Fund	501(c)(9)	$83 million	Mineola, NY
6	Carpenters Trusts of Western Washington	501(c)(9)	$159 million	Seattle, WA
7	Seiu Local 1 and Participating Employers Health Trust	501(c)(9)	$139 million	Chicago, IL
8	Teamsters Local 727 Health and Welfare Fund	501(c)(9)	$85 million	Park Ridge, IL
9	Mason Tenders District Council Welfare Fund (MTDC)	501(c)(9)	$240 million	New York, NY
10	Excavators Union 731 Welfare	501(c)(9)	$221 million	Astoria, NY
11	New York Hotel Trades Council and Hotel Association of Nyc Health Benefits Fund	501(c)(9)	$500 million	New York, NY
12	Health and Welfare Trust	501(c)(9)	$98 million	Atlanta, GA
13	Tri-State Joint Fund	501(c)(9)	$94 million	Cheshire, CT
14	Xcel Energy Voluntary Employees Benefciary Trust for Active Employees	501(c)(9)	$153 million	Minneapolis, MN
15	IUOE Local 15	501(c)(9)	$95 million	Long Island City, NY
16	Ufcw Local One Health Care Fund	501(c)(9)	$80 million	Oriskany, NY
17	Seafarers Health and Benefits Plan	501(c)(9)	$126 million	Camp Srings, MD
18	Welfare Trust Fund Local 804	501(c)(9)	$98 million	Long Island City, NY
19	Directors Guild of America - Producer Health Plan	501(c)(9)	$160 million	Los Angeles, CA
20	UFCW Local 880	501(c)(9)	$124 million	Broadview Heights, OH
21	United Food and Commercial Workers Union Local No 655 Welfare Fund	501(c)(9)	$81 million	Ballwin, MO
22	Ccpoa Benefit Trust Fund	501(c)(9)	$328 million	Sacramento, CA
23	Automobile Mechanics' Local No 701 Union and Industry Welfare	501(c)(9)	$93 million	Burr Ridge, IL
24	Iron Workers Local 40 361 and 417 Health Fund	501(c)(9)	$131 million	New York, NY
25	Electrical Insurance Trustees	501(c)(9)	$277 million	Chicago, IL

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Cause IQ organization profile

Northeast Carpenters Health Fund

Program areas at Northeast Carpenters Health Fund

Form 990s for Northeast Carpenters Health Fund

Financials for Northeast Carpenters Health Fund

Vendors for Northeast Carpenters Health Fund

Personnel at Northeast Carpenters Health Fund

Peer fraternal organizations

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