Construction Workers Welfare Fund- 147

Not tax-deductible

Hopatcong, NJMutual-benefit / member-servingEIN 13-6101595

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To provide medical and other benefits to eligible participants and their dependents.

Mission: Form 990 Part I, line 1

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $515K a year · 27% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
12 mo
of spending, in cash
Looks good: 11.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$45K
1% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
6
of 6 voting members
Looks good: 6 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$3.8M
+41% vs prior year
Spent
$2.7M
To programs
0%
Net assets
$4.0M
By yearFY2020–FY2024
Revenue
$3.8M
FY2024▲ +41%
Revenue by fiscal year
FY2020$583K
FY2021$554K
FY2022$1.7M
FY2023$2.7M
FY2024$3.8M
Expenses
$2.7M
FY2024▲ +33%
Expenses by fiscal year
FY2020$465K
FY2021$611K
FY2022$963K
FY2023$2.1M
FY2024$2.7M
Net assets
$4.0M
FY2024▲ +38%
Net assets by fiscal year
FY2020$1.6M
FY2021$1.6M
FY2022$2.2M
FY2023$2.9M
FY2024$4.0M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Oct 1964.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Who runs it and what they're paid

6 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
Employer Truste
$0Pt VII · Sec A
Employer Truste
$0Pt VII · Sec A
Employer Truste
$0Pt VII · Sec A
Union Trustee
$0Pt VII · Sec A
See Construction Workers Welfare Fund- 147 executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Offers medical care and other benefits to eligible participants and their families.

Provided by the organization

This section is blank until Construction Workers Welfare Fund- 147 claims this page.

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1 program service, described in the organization's own filed words · FY2024.
01

The fund provides medical, vacation and other benefits to eligible participants and their dependents which are funded by participatingemployers' contributions based on hours worked

Pt IX · col B

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By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$3.8M
Ln 12
Fees for servicesLn 2g$3.7M
Investment incomeLn 3$131K
Other incomeLn 4–11$8K
Money outPt IX
$2.7M
Ln 25
Owns and owesPt X
$4.0M
net assets · Ln 32
Cash and savingsLn 1–2$2.7M
Total assetsLn 16$4.0M
LiabilitiesLn 26$45K
PeoplePt VI, VII
6
listed · VII A
PaidVII A0
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$3.7M
Investment incomeLn 3$131K
Other incomeLn 4–11$8K
Gains on assetsLn 7$20K
Total revenueLn 12$3.8M
Assets in detailPt X, end of year
CashLn 1$0
SavingsLn 2$2.7M
Cash and savings togetherLn 1–2$2.7M
InvestmentsLn 11–13$1.0M
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$0
Total assetsLn 16$4.0M
LiabilitiesLn 26$45K
Net assetsLn 32$4.0M
OperationsPt I, VI
EmployeesI 519
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$1.7M$2.7M
InvestmentsLn 11–13$950K$1.0M
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$2.9M$4.0M
LiabilitiesLn 26$8K$45K
Net assetsLn 32$2.9M$4.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$2.6M
Pay of current officers, directors and key staffLn 5$0
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$0
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$0
Management feesLn 11a$0
Legal feesLn 11b$24K
Accounting feesLn 11c$30K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$384
Other fees for servicesLn 11g$38K
Advertising and promotionLn 12$0
Office expensesLn 13$2K
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$0
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$0
InsuranceLn 23$11K
All other expensesLn 24e$0
Total functional expensesLn 25$2.7M$0$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $3.8M$2.7M$1.1M$4.0M 990 PDF
FY2023 $2.7M$2.1M$656K$2.9M 990 PDF
FY2022 $1.7M$963K$765K$2.2M 990 PDF
FY2021 $554K$611K−$56K$1.6M 990 PDF
FY2020 $583K$465K$117K$1.6M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (4 parts)
Part VIII · Statement of revenue $3,836,434 across 9 lines filed
VIII-1h Total contributions, gifts and grants$0
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $3,697,476$3,697,476
VIII-3 Investment incomeExcluded from tax $111,703$111,703
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assetsExcluded from tax $19,685$19,685
VIII-8 Net income from fundraising events$0
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $7,570$7,570
VIII-12 Total revenueRelated to mission $3,705,046 · Excluded from tax $131,388$3,836,434
Part IX · Statement of functional expenses $2,745,878 across 30 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$2,641,853
IX-5 Pay of current officers, directors and key staff$0
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wages$0
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxes$0
IX-11a Management fees$0
IX-11b Legal fees$24,000
IX-11c Accounting fees$29,510
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$384
IX-11g Other fees for services$37,500
IX-12 Advertising and promotion$0
IX-13 Office expenses$1,999
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 Occupancy$0
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$0
IX-23 Insurance$10,632
IX-24e All other expenses$0
IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$2,745,878
Part X · Balance sheet $4,028,695 assets, 19 lines filed
X-1 Cash, non-interest-bearing$0
X-2 Savings and temporary cash investmentsStart of year $1,654,962$2,678,149
X-3 Pledges and grants receivable$0
X-4 Accounts receivableStart of year $266,812$321,994
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred chargesStart of year $12,394$11,970
X-10c Land, buildings and equipment, net$0
X-11 Publicly traded securities$1,016,582
X-12 Other securitiesStart of year $950,271$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assets$0
X-16 Total assetsStart of year $2,884,439$4,028,695
X-17 Accounts payable and accrued expensesStart of year $7,878$22,089
X-19 Deferred revenue$9,666
X-25 Other liabilities$13,529
X-26 Total liabilitiesStart of year $7,878$45,284
X-32 Total net assets or fund balancesStart of year $2,876,561$3,983,411
X-33 Total liabilities and net assetsStart of year $2,884,439$4,028,695
Part XI · Reconciliation of net assets $3,983,411 net assets at year end
XI-1 Total revenue$3,836,434
XI-2 Total expenses$2,745,878
XI-3 Revenue less expenses$1,090,556
XI-4 Net assets at start of year$2,876,561
XI-5 Net unrealized gains (losses) on investments$16,294
XI-10 Net assets at end of year$3,983,411

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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