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Building Industry Trust

Not tax-deductible

Oakland, CA501(c)(5)EmploymentEIN 94-3390022

Promote labor-management cooperation & furthering opportunities in the carpentry industry

Run by 12 volunteers.
Mission: Form 990 Part I, line 1 · People: Part I, lines 5–6

Before you give

FY2024 · 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
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 $364K a year · 72% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Cash reserves
169 mo
of spending, in cash
Looks good: 168.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$9K
0.2% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
12
of 12 voting members
Looks good: 12 of 12 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$546K
+82% vs prior year
Spent
$39K
Net assets
$5.3M
By yearFY2020–FY2024
Revenue
$546K
FY2024▲ +82%
Revenue by fiscal year
FY2020$512K
FY2021$764K
FY2022$396K
FY2023$300K
FY2024$546K
Expenses
$39K
FY2024▼ -93%
Expenses by fiscal year
FY2020$38K
FY2021$38K
FY2022$41K
FY2023$544K
FY2024$39K
Net assets
$5.3M
FY2024▲ +17%
Net assets by fiscal year
FY2020$4.4M
FY2021$5.0M
FY2022$4.7M
FY2023$4.5M
FY2024$5.3M

From the FY2024 Form 990 · see the original

Form 990 (PDF) Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jun 2001.

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

Who runs it and what they're paid

13 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
David Rivas
Trustee (jan-Sep)
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Building Industry Trust 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

Promotes cooperation and opportunities in the carpentry industry.

Provided by the organization

This section is blank until Building Industry Trust claims this page.

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

To promote labor-management cooperation and furthering employment opportunities in the carpentry industry.

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.

Grants

Schedule I · this organization's grantmaking
Grants paid · 2 grants · $1.0M · 2022–2023
Carpenters Health and Welfare Trust Fund for Northern CaliforniaCA · FY2023$500,000
Workforce Defense LeagueCA · FY2022$500,000

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$546K
Ln 12
Investment incomeLn 3$281K
Fees for servicesLn 2g$266K
Money outPt IX
$39K
Ln 25
Owns and owesPt X
$5.3M
net assets · Ln 32
Cash and savingsLn 1–2$543K
Total assetsLn 16$5.3M
LiabilitiesLn 26$9K
PeoplePt VI, VII
13
listed · VII A
PaidVII A0
Voting boardVI 1a12
IndependentVI 1b12
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$266K
Investment incomeLn 3$281K
Gains on assetsLn 7$114K
Total revenueLn 12$546K
Assets in detailPt X, end of year
CashLn 1$3K
SavingsLn 2$540K
Cash and savings togetherLn 1–2$543K
InvestmentsLn 11–13$4.7M
Other assetsLn 15$0
Total assetsLn 16$5.3M
LiabilitiesLn 26$9K
Net assetsLn 32$5.3M
OperationsPt I, VI
EmployeesI 50
VolunteersI 612
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$216K$543K
InvestmentsLn 11–13$4.1M$4.7M
Total assetsLn 16$4.5M$5.3M
LiabilitiesLn 26$4K$9K
Net assetsLn 32$4.5M$5.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$7K
Legal feesLn 11b$3K
Accounting feesLn 11c$7K
Investment management feesLn 11f$7K
TravelLn 17$696
InsuranceLn 23$11K
Other expenses (24a–d)Ln 24$2K
All other expensesLn 24e$138
Total functional expensesLn 25$39K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $546K$39K$508K$5.3M 990 PDF
FY2023 $300K$544K−$244K$4.5M 990 PDF
FY2022 $396K$41K$355K$4.7M 990 PDF
FY2021 $764K$38K$725K$5.0M 990 PDF
FY2020 $512K$38K$474K$4.4M 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 $546,230 across 4 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $265,700$265,700
VIII-3 Investment incomeExcluded from tax $166,434$166,434
VIII-7 Net gain or loss on sales of assetsExcluded from tax $114,096$114,096
VIII-12 Total revenueRelated to mission $265,700 · Unrelated business $0 · Excluded from tax $280,530$546,230
Part IX · Statement of functional expenses $38,624 across 8 lines filed
IX-11a Management fees$6,990
IX-11b Legal fees$3,323
IX-11c Accounting fees$7,300
IX-11f Investment management fees$7,369
IX-17 Travel$696
IX-23 Insurance$10,548
IX-24 Other expenses (24a–d)$2,260
IX-24e All other expenses$138
IX-25 Total functional expenses$38,624
Part X · Balance sheet $5,300,099 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $100$2,887
X-2 Savings and temporary cash investmentsStart of year $215,989$539,723
X-4 Accounts receivableStart of year $152,185$75,442
X-9 Prepaid expenses and deferred chargesStart of year $7,493$11,464
X-11 Publicly traded securitiesStart of year $4,142,106$4,670,583
X-15 Other assetsStart of year $82$0
X-16 Total assetsStart of year $4,517,955$5,300,099
X-25 Other liabilitiesStart of year $4,397$8,720
X-26 Total liabilitiesStart of year $4,397$8,720
X-32 Total net assets or fund balancesStart of year $4,513,558$5,291,379
X-33 Total liabilities and net assetsStart of year $4,517,955$5,300,099
Part XI · Reconciliation of net assets $5,291,379 net assets at year end
XI-1 Total revenue$546,230
XI-2 Total expenses$38,624
XI-3 Revenue less expenses$507,606
XI-4 Net assets at start of year$4,513,558
XI-5 Net unrealized gains (losses) on investments$270,215
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$5,291,379

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

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