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Construction Workers' Trust Fund

Not tax-deductible

Columbia, MDMutual-benefit / member-servingSince 1952EIN 52-6037528

Providing health benefits to union members

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
2 of 5
filings with a surplus
Average deficit $207K a year · 2% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Cash reserves
2 mo
of spending, in cash
Fine: 1.5 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$73K
0.4% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
0
of 6 voting members
Concern: none of 6 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$10.8M
+0.8% vs prior year
Spent
$11.8M
Net assets
$17.4M
By yearFY2020–FY2024
Revenue
$10.8M
FY2024▲ +0.8%
Revenue by fiscal year
FY2020$10.6M
FY2021$10.8M
FY2022$9.9M
FY2023$11.7M
FY2024$10.8M
FY2024$10.8M
Expenses
$11.8M
FY2024▲ +12%
Expenses by fiscal year
FY2020$10.7M
FY2021$10.0M
FY2022$11.8M
FY2023$11.8M
FY2024$10.5M
FY2024$11.8M
Net assets
$17.4M
FY2024▼ -7%
Net assets by fiscal year
FY2020$19.9M
FY2021$21.1M
FY2022$16.9M
FY2023$16.9M
FY2024$18.6M
FY2024$17.4M

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

Form 990 (PDF) Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jan 1954.

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
Ryan Boyer
Chairman
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Construction Workers' Trust Fund 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 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Construction Workers' Trust Fund is a member-serving organization based in Columbia, MD, formed in 1952.

Provided by the organization

This section is blank until Construction Workers' Trust Fund claims this page.

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

Provides medical, disability and life insurance benefits to eligible members and dependents.

Pt IX · col B

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Funders

Who pays for it.

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

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$10.8M
Ln 12
Fees for servicesLn 2g$9.6M
Investment incomeLn 3$1.2M
Other incomeLn 4–11$30K
Money outPt IX
$11.8M
Ln 25
Owns and owesPt X
$17.4M
net assets · Ln 32
Cash and savingsLn 1–2$1.5M
Total assetsLn 16$17.4M
LiabilitiesLn 26$73K
PeoplePt VI, VII
6
listed · VII A
PaidVII A0
Voting boardVI 1a6
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$9.6M
Investment incomeLn 3$1.2M
Other incomeLn 4–11$30K
Gains on assetsLn 7$703K
Total revenueLn 12$10.8M
Assets in detailPt X, end of year
CashLn 1$547K
SavingsLn 2$974K
Cash and savings togetherLn 1–2$1.5M
InvestmentsLn 11–13$14.7M
Total assetsLn 16$17.4M
LiabilitiesLn 26$73K
Net assetsLn 32$17.4M
OperationsPt I, VI
EmployeesI 50
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$1.6M$1.5M
InvestmentsLn 11–13$15.8M$14.7M
Total assetsLn 16$18.7M$17.4M
LiabilitiesLn 26$57K$73K
Net assetsLn 32$18.6M$17.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Benefits paid to or for membersLn 4$11.0M
Management feesLn 11a$350K
Legal feesLn 11b$68K
Accounting feesLn 11c$21K
Investment management feesLn 11f$17K
Other fees for servicesLn 11g$24K
Office expensesLn 13$48K
Conferences, conventions and meetingsLn 19$2K
InsuranceLn 23$197K
Other expenses (24a–d)Ln 24$131K
Total functional expensesLn 25$11.8M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $10.8M$10.5M$210K$18.6M 990 PDF
FY2023 $11.7M$11.8M−$73K$16.9M 990 PDF
FY2022 $9.9M$11.8M−$1.9M$16.9M 990 PDF
FY2021 $10.8M$10.0M$809K$21.1M 990 PDF
FY2020 $10.6M$10.7M−$96K$19.9M 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 $10,840,903 across 5 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $9,560,864$9,560,864
VIII-3 Investment incomeExcluded from tax $546,913$546,913
VIII-7 Net gain or loss on sales of assetsExcluded from tax $702,671$702,671
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $30,455$30,455
VIII-12 Total revenueRelated to mission $9,591,319 · Unrelated business $0 · Excluded from tax $1,249,584$10,840,903
Part IX · Statement of functional expenses $11,817,078 across 10 lines filed
IX-4 Benefits paid to or for members$10,958,859
IX-11a Management fees$350,125
IX-11b Legal fees$67,988
IX-11c Accounting fees$21,300
IX-11f Investment management fees$16,655
IX-11g Other fees for services$24,170
IX-13 Office expenses$48,273
IX-19 Conferences, conventions and meetings$1,539
IX-23 Insurance$196,671
IX-24 Other expenses (24a–d)$131,498
IX-25 Total functional expenses$11,817,078
Part X · Balance sheet $17,440,366 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $457,112$546,939
X-2 Savings and temporary cash investmentsStart of year $1,120,166$974,304
X-4 Accounts receivableStart of year $1,281,521$1,240,262
X-9 Prepaid expenses and deferred charges$3,926
X-11 Publicly traded securitiesStart of year $15,839,426$14,674,935
X-16 Total assetsStart of year $18,698,225$17,440,366
X-17 Accounts payable and accrued expensesStart of year $57,158$73,191
X-26 Total liabilitiesStart of year $57,158$73,191
X-32 Total net assets or fund balancesStart of year $18,641,067$17,367,175
X-33 Total liabilities and net assetsStart of year $18,698,225$17,440,366
Part XI · Reconciliation of net assets $17,367,175 net assets at year end
XI-1 Total revenue$10,840,903
XI-2 Total expenses$11,817,078
XI-3 Revenue less expenses−$976,175
XI-4 Net assets at start of year$18,641,067
XI-5 Net unrealized gains (losses) on investments−$297,717
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$17,367,175

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

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