Carpenter Contractor Trust FY2020 filing

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To coordinate contractors and union relationship as IT pertains to contracts, training and promotion of union activity.

501(c)(5) labor or agricultural organization; gifts are not tax-deductible as charitable contributions.
$246K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Pay: Part VII

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FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(5)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
6 of 6
filings with a surplus
Average surplus $1.2M a year · 33% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$246K
to officers and key staff · 15% of spending
Looks good: pay to officers and key staff is 15% of spending; 15% or less.
Pt VII · Sec A
16 mo
of spending, in cash
Plus $4.6M in investments, Pt X · Ln 11–13
Looks good: 16.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $17K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$7K
0.1% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
17
of 17 voting members
Looks good: 17 of 17 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$3.1M
Spent
$1.6M
To programs
0%
Net assets
$6.9M
By yearFY2020–FY2025
Revenue
$3.1M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$3.1M
FY2021$3.0M
FY2022$3.1M
FY2023$3.8M
FY2024$3.5M
FY2025$4.6M
Expenses
$1.6M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$1.6M
FY2021$1.4M
FY2022$1.6M
FY2023$2.5M
FY2024$2.8M
FY2025$4.2M
Net assets
$6.9M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$6.9M
FY2021$8.5M
FY2022$8.6M
FY2023$10.5M
FY2024$11.9M
FY2025$13.0M

From the FY2020 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: FY2025. IRS ruling in Oct 2000.

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

Who runs it and what they're paid

20 people listed on the 990; $246K paid to officers and key staff.

Part VII, Section A · reportable compensation
$135,040Pt VII · Sec A
President
$111,149Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Cynthia Williams’s $218K as Director is at the 88th percentile of top reported officer pay among 1245 $1–10M employment nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 3 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Cynthia Williams$217,738$195,865$195,865$178,365$40,385—
Christine D'Agostino—————$135,040
Kevin McCabe—————$111,149

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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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 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Coordinates contractors and unions for contracts, training, and promoting union activity.

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Provided by the organization

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1 program · in their own filed words · FY2020
01

To coordinate contractors and union relationship as it pertains to contracts, training and promotion of union activity.

Pt IX · col B

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2022
Total grants receivedfrom 1 funder$17K
Grants paid · 9 grants · $145K · 2020–2025
Progress 360PA · FY2025$25,000
Eas Carpenters Scholarship FundFY2025$11,500
Progress 360PA · FY2024$25,000
Everybody BuildsPA · FY2024$25,000
Individual RecipientFY2024$10,000
Eas Carpenters Scholarship FundFY2024$9,500
NJ Hall of FameFY2020$25,000

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$3.1M
Ln 12
Fees for servicesLn 2g$2.5M
Investment incomeLn 3$644K
Other incomeLn 4–11$6K
Money outPt IX
$1.6M
Ln 25
Owns and owesPt X
$6.9M
net assets · Ln 32
Cash and savingsLn 1–2$2.2M
Total assetsLn 16$6.9M
LiabilitiesLn 26$7K
PeoplePt VI, VII
20
listed · VII A
PaidVII A2
Voting boardVI 1a17
IndependentVI 1b17
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$2.5M
Investment incomeLn 3$644K
Other incomeLn 4–11$6K
Total revenueLn 12$3.1M
Assets in detailPt X, end of year
CashLn 1$499K
SavingsLn 2$1.7M
Cash and savings togetherLn 1–2$2.2M
InvestmentsLn 11–13$4.6M
Land, buildings, equipmentLn 10c$20K
Other assetsLn 15$1K
Total assetsLn 16$6.9M
LiabilitiesLn 26$7K
Net assetsLn 32$6.9M
OperationsPt I, VI
EmployeesI 55
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$292K$2.2M
InvestmentsLn 11–13$5.1M$4.6M
Land, buildings, equipmentLn 10c$25K$20K
Total assetsLn 16$5.4M$6.9M
LiabilitiesLn 26$21K$7K
Net assetsLn 32$5.4M$6.9M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$31K
Other salaries and wagesLn 7$436K
Pension plan contributionsLn 8$86K
Other employee benefitsLn 9$77K
Payroll taxesLn 10$36K
Management feesLn 11a$93K
Legal feesLn 11b$15K
Accounting feesLn 11c$23K
Investment management feesLn 11f$40K
Other fees for servicesLn 11g$5K
Advertising and promotionLn 12$579K
Office expensesLn 13$81K
Information technologyLn 14$16K
OccupancyLn 16$69K
TravelLn 17$7K
Conferences, conventions and meetingsLn 19$8K
Depreciation, depletion and amortizationLn 22$10K
InsuranceLn 23$26K
Other expenses (24a–d)Ln 24$4K
Total functional expensesLn 25$1.6M$0$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $4.6M$4.2M$454K$13.0M 990 PDF
FY2024 $3.5M$2.8M$687K$11.9M 990 PDF
FY2023 $3.8M$2.5M$1.3M$10.5M 990 PDF
FY2022 $3.1M$1.6M$1.5M$8.6M 990 PDF
FY2021 $3.0M$1.4M$1.6M$8.5M 990 PDF
FY2020 Viewing $3.1M$1.6M$1.5M$6.9M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $3,123,523 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenuePrior year $2,970,869$2,473,690
I-10 Investment incomePrior year $608,470$643,631
I-11 Other revenue$6,202
I-12 Total revenuePrior year $3,579,339$3,123,523
I-13 Grants and similar amounts paidPrior year $36,916$31,214
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $887,550$634,361
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $1,431,873$975,450
I-18 Total expensesPrior year $2,356,339$1,641,025
I-19 Revenue less expensesPrior year $1,223,000$1,482,498
Part VI · Governance 17 of 17 board members independent, 1 to look at
VI-1a Voting members of the governing body17
VI-1b Independent voting members17
VI-12a Written conflict of interest policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $3,123,523 across 4 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $2,473,690$2,473,690
VIII-3 Investment incomeExcluded from tax $643,631$643,631
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $6,202$6,202
VIII-12 Total revenueRelated to mission $2,479,892 · Excluded from tax $643,631$3,123,523
Part IX · Statement of functional expenses $1,641,025 across 19 lines filed
IX-1 Grants to domestic organizations$31,214
IX-7 Other salaries and wages$435,900
IX-8 Pension plan contributions$85,949
IX-9 Other employee benefits$76,547
IX-10 Payroll taxes$35,965
IX-11a Management fees$93,385
IX-11b Legal fees$14,805
IX-11c Accounting fees$22,825
IX-11f Investment management fees$39,617
IX-11g Other fees for services$5,198
IX-12 Advertising and promotion$579,380
IX-13 Office expenses$81,214
IX-14 Information technology$15,697
IX-16 Occupancy$68,901
IX-17 Travel$6,588
IX-19 Conferences, conventions and meetings$7,711
IX-22 Depreciation, depletion and amortization$10,366
IX-23 Insurance$25,624
IX-24 Other expenses (24a–d)$4,139
IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$1,641,025
Part X · Balance sheet $6,870,952 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $129,400$499,211
X-2 Savings and temporary cash investmentsStart of year $162,910$1,702,088
X-10c Land, buildings and equipment, netStart of year $24,922$20,030
X-11 Publicly traded securitiesStart of year $5,085,178$4,648,435
X-15 Other assets$1,188
X-16 Total assetsStart of year $5,402,410$6,870,952
X-25 Other liabilitiesStart of year $21,072$7,116
X-26 Total liabilitiesStart of year $21,072$7,116
X-32 Total net assets or fund balancesStart of year $5,381,338$6,863,836
X-33 Total liabilities and net assetsStart of year $5,402,410$6,870,952
Part XI · Reconciliation of net assets $6,863,836 net assets at year end
XI-1 Total revenue$3,123,523
XI-2 Total expenses$1,641,025
XI-3 Revenue less expenses$1,482,498
XI-4 Net assets at start of year$5,381,338
XI-10 Net assets at end of year$6,863,836

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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