Ohio Carpenters Health & Welfare Fund in Niles, Ohio (OH)

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Ohio Carpenters Health & Welfare Fund
Employer Identification Number (EIN)346601598
Name of OrganizationOhio Carpenters Health & Welfare Fund
Address6281 Youngstown Warren Rd Ste, Niles, OH 44446-4643
ActivitiesSick, accident, death, or similar benefits
SubsectionVoluntary Employees' Beneficiary Association (Non-Govt. Emps.)
Ruling Date09/1968
DeductibilityContributions are not deductible
FoundationAll organizations except 501(c)(3)
OrganizationTrust
Exempt Organization StatusUnconditional Exemption
Tax Period06/2007
Assets$50,000,000 to greater
Income$50,000,000 to greater
Filing Requirement990 (all other) or 990EZ return
Asset Amount$63,227,240
Amount of Income$97,327,635
Form 990 Revenue Amount$72,220,097
National Taxonomy of Exempt Entities (NTEE)Mutual/Membership Benefit Organizations, Other: Voluntary Employees Beneficiary Associations (Non-Government)


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Amount of income in 2007: $97,327,635
This organization: 

 $97,327,635
Other organizations performing similar types of work: 

 $15,570,795

Assets in 2007: $63,227,240
This organization: 

 $63,227,240
Other organizations performing similar types of work: 

 $11,472,741

Expenses in 2006: $48,838,368
Ohio Carpenters Health & Welfare Fund: 

 $48,838,368
Other organizations performing similar types of work: 

 $9,889,885

Income to expenses ratio in 2006: 1.5
Ohio Carpenters Health & Welfare Fund: 

 1.5
Other organizations performing similar types of work: 

 1.0

Number of employees in 2006: 16
This organization: 

 16
Other organizations performing similar types of work: 

 7

Financial snapshot ($)

Revenue for 2006

Assets at end of 2006

Income-Producing Activities for 2006

Revenue, Expenses, and Changes in Net Assets or Fund Balances
2000200120022003200420052006
Total revenue$42,175,939$47,816,708$50,830,101$51,845,309$57,253,972$64,649,433$72,220,097
Contributions, gifts, grants, and similar amounts received$0$0$0$0$0$0$0
Contributions to donor advised funds$0
Direct public support$0$0$0$0$0$0$0
Indirect public support$0$0$0$0$0$0$0
Government contributions (grants)$0$0$0$0$0$0$0
Program service revenue including government fees and contracts$41,312,006$47,679,730$50,638,413$51,711,864$57,004,076$63,941,676$70,355,054
Membership dues and assessments$0$0$0$0$0$0$0
Interest on savings and temporary cash investments$0$0$0$0$0$0$0
Dividends and interest from securities$730,360$209,048$189,208$115,565$234,571$744,480$1,763,575
Net rental income or (loss)$0$0$0$0$0$0$0
Gross rents$0$0$0$0$0$0$0
Less: rental expenses$0$0$0$0$0$0$0
Other investment income$0$0$0$0$0$0$0
Gain or (loss) from sales of assets other than inventory$133,573$-72,070$-5,379$17,880$0$-38,368$94,677
Gross amount from sales of assets other than inventory$11,323,854$4,151,265$2,350,000$785,000$0$18,431,558$25,202,215
Less: cost or other basis and sales expenses$11,190,281$4,223,335$2,355,379$767,120$0$18,469,926$25,107,538
Net income or (loss) from special events and activities$0$0$0$0$0$0$0
Gross revenue$0$0$0$0$0$0$0
Less: direct expenses other than fundraising expenses$0$0$0$0$0$0$0
Gross profit or (loss) from sales of inventory$0$0$0$0$0$0$0
Gross sales of inventory, less returns and allowances$0$0$0$0$0$0$0
Less: cost of goods sold$0$0$0$0$0$0$0
Other revenue$0$0$7,859$0$15,325$1,645$6,791
Total expenses$55,704,942$52,787,631$56,312,482$40,727,245$46,557,717$51,238,136$48,838,368
Program services$0$0$0$0$0$0$0
Management and general$0$0$0$0$0$0$0
Fundraising$0$0$0$0$0$0$0
Payments to affiliates$0$0$0$0$0$0$0
Net assets or fund balances at end of year$-32,724,277$-37,712,950$-43,085,345$-32,000,581$-21,273,370$-7,876,428$16,979,841
Excess or (deficit) for the year$-13,529,003$-4,970,923$-5,482,381$11,118,064$10,696,255$13,411,297$23,381,729
Net assets or fund balances at beginning of year$-19,170,082$-32,724,277$-37,712,950$-43,085,345$-32,000,581$-21,273,370$-7,876,428
Other changes in net assets or fund balances$-25,192$-17,750$109,986$-33,300$30,956$-14,355$1,474,540
Statement of Functional Expenses (for 2006)
TotalProgram servicesManagement and generalFundraising
Total functional expenses$48,838,368$0$0$0
Grants paid from donor advised funds$0
Other grants and allocations$0
Specific assistance to individuals$0
Benefits paid to or for members$45,796,879
Compensation of current officers, directors, key employees, etc.$0$0$0$0
Compensation of former officers, directors, key employees, etc.$0$0$0$0
Compensation and other distributions, not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0$0$0
Salaries and wages of employees not included above$530,591$0$0$0
Pension plan contributions not included above$0$0$0$0
Employee benefits not included above$179,057$0$0$0
Payroll taxes$42,713$0$0$0
Professional fundraising fees$0$0$0$0
Accounting fees$21,784$0$0$0
Legal fees$127,045$0$0$0
Supplies$31,210$0$0$0
Telephone$20,904$0$0$0
Postage and shipping$186,609$0$0$0
Occupancy$72,385$0$0$0
Equipment rental and maintenance$90,835$0$0$0
Printing and publications$364,734$0$0$0
Travel$18,463$0$0$0
Conferences, conventions, and meetings$11,648$0$0$0
Interest$0$0$0$0
Depreciation, depletion, etc.$73,097$0$0$0
Other expenses not covered above$1,270,414$0$0$0
Balance Sheets
2000200120022003200420052006
Total assets$13,147,998$13,528,554$12,747,276$11,967,694$17,531,320$34,002,290$63,227,240
Cash - non-interest-bearing$0$209,888$585,755$530,498$0$494,533$9,983,191
Savings and temporary cash investments$4,865,376$6,044,935$5,656,770$4,809,725$6,867,455$9,743,031$1,725,048
Accounts receivable less allowance for doubtful accounts$5,055,686$5,346,046$3,254,695$3,820,766$4,318,454$5,022,445$5,557,770
Pledges receivable less allowance for doubtful accounts$0$0$0$0$0$0$0
Grants receivable$0$0$0$0$0$0$0
Receivables from current and former officers, directors, trustees, and key employees$0$0$0$0$0$0$0
Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0
Other notes and loans receivable less allowance for doubtful accounts$0$0$0$0$0$0$0
Inventories for sale or use$0$0$0$0$0$0$0
Prepaid expenses and deferred charges$49,132$43,697$21,167$24,437$81,021$24,768$35,206
Investments - publicly-traded securities$44,999,580
Investments - other securities$3,101,728$1,782,250$3,145,857$2,530,437$6,061,393$18,359,007$0
Investments - land, buildings, and equipment less accumulated depreciation$0$0$0$0$0$0$0
Investments - other$0$0$0$0$0$0$425,902
Land, buildings, and equipment less accumulated depreciation$76,076$101,738$83,032$251,831$202,997$155,009$82,052
Other assets, including program-related investments$0$0$0$0$0$203,497$418,491
Total liabilities$45,872,275$51,241,504$55,832,621$43,968,275$38,804,690$41,878,718$46,247,399
Accounts payable and accrued expenses$1,222,559$134,857$135,225$223,657$424,495$340,096$273,661
Grants payable$0$0$0$0$0$0$0
Deferred revenue$0$0$0$0$0$0$0
Loans from officers, directors, trustees, and key employees$0$0$0$0$0$0$0
Tax-exempt bond liabilities$0$0$0$0$0$0$0
Mortgages and other notes payable$0$0$0$0$0$0$0
Other liabilities$44,649,716$51,106,647$55,697,396$43,744,618$38,380,195$41,538,622$45,973,738
Total liabilities and net assets/fund balances$13,147,998$13,528,554$12,747,276$11,967,694$17,531,320$34,002,290$63,227,240
Total net assets or fund balances$-32,724,277$-37,712,950$-43,085,345$-32,000,581$-21,273,370$-7,876,428$16,979,841
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
2000200120022003200420052006
Total revenue$0$0$0$0$0$0$0
Total revenue, gains, and other support per audited financial statements$0$0$0$0$0$0$0
Other expenses$0$0$0$0$0$0$0
Net unrealized gains on investments$0$0$0$0$0$0$0
Donated services and use of facilities$0$0$0$0$0$0$0
Recoveries of prior year grants$0$0$0$0$0$0$0
Other$0$0$0$0$0$0$0
Other revenue$0$0$0$0$0$0$0
Investment expenses$0$0$0$0$0$0$0
Other$0$0$0$0$0$0$0
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
2000200120022003200420052006
Total expenses$0$0$0$0$0$0$0
Total expenses and losses per audited financial statements$0$0$0$0$0$0$0
Other revenue$0$0$0$0$0$0$0
Donated services and use of facilities$0$0$0$0$0$0$0
Prior year adjustments$0$0$0$0$0$0$0
Losses$0$0$0$0$0$0$0
Other$0$0$0$0$0$0$0
Other expenses$0$0$0$0$0$0$0
Investment expenses$0$0$0$0$0$0$0
Other$0$0$0$0$0$0$0
Current Officers, Directors, Trustees, and Key Employees
Total number of officers, directors, and trustees permitted to vote on organization business at board meetings10
Are any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, related to each other through family or business relationships?No
Do any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, receive compensation from any other organizations, whether tax exempt or taxable, that are related to the organization?No
Does the organization have a written conflict of interest policy?Yes
Other Information
Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return, and has it filed a tax return on Form 990-T for this year?No
Was there a liquidation, dissolution, termination, or substantial contraction during the year?No
Is the organization related (other than by association with a statewide or nationwide organization) through common membership, governing bodies, trustees, officers, etc., to any other exempt or nonexempt organization?No
Direct and indirect political expenditures$0
Did the organization file Form 1120-POL for this year?No
Were substantially all dues nondeductible by members?
Did the organization make only in-house lobbying expenditures of $2,000 or less?
Dues, assessments, and similar amounts from members$0
Section 162(e) lobbying and political expenditures$0
Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices$0
Taxable amount of lobbying and political expenditures$0
Does the organization elect to pay the section 6033(e) tax on the amount above?
If section 6033(e)(1)(A) dues notices were sent, does the organization agree to add the amount above to its reasonable estimate of dues allocable to nondeductible lobbying and political expenditures for the following tax year?
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
At any time during the year, did the organization, directly or indirectly, own a controlled entity within the meaning of section 512(b)(13)?No
Amount of tax imposed on the organization during the year under: section 4911$0
Amount of tax imposed on the organization during the year under: section 4912$0
Amount of tax imposed on the organization during the year under: section 4955$0
Did the organization engage in any section 4958 excess benefit transaction during the year or did it become aware of an excess benefit transaction from a prior year?
Amount of tax imposed on the organization managers or disqualified persons during the year under sections 4912, 4955, and 4958$0
Amount of tax above, reimbursed by the organization$0
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?No
Did the organization acquire a direct or indirect interest in any applicable insurance contract?No
Did the supporting organization, or a fund maintained by a sponsoring organization, have excess business holdings at any time during the year?No
Number of employees employed in the pay period that includes March 12, 200616
Analysis of Income-Producing Activities (for 2006)
Unrelated business incomeExcluded by section 512, 513, or 514Related or exempt function income
Business codeAmountExclusion codeAmount
Total$0$1,858,252$70,361,845
Program service revenue
Program service revenue 1000000$000$0$61,520,264
Program service revenue 2000000$000$0$8,303,628
Program service revenue 3000000$000$0$324,375
Program service revenue 4000000$000$0$134,776
Program service revenue 5000000$000$0$72,011
Medicare/Medicaid payments000000$000$0$0
Fees and contracts from government agencies000000$000$0$0
Membership dues and assessments000000$000$0$0
Interest on savings and temporary cash investments000000$000$0$0
Dividends and interest from securities000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$1,763,575$0
Net rental income or (loss) from real estate
debt-financed property000000$000$0$0
not debt-financed property000000$000$0$0
Net rental income or (loss) from personal property000000$000$0$0
Other investment income000000$000$0$0
Gain or (loss) from sales of assets other than inventory000000$0Gain (or loss, to the extent allowed) from the sale of investments and other non-inventory property and from certain property acquired from financial institutions that are in conservatorship or receivership (sections 512(b)(5) and 512(b)(16)(A))$94,677$0
Net income or (loss) from special events000000$000$0$0
Gross profit or (loss) from sales of inventory000000$000$0$0
Other revenue000000$000$0$6,791
Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2006)
EIN of corporation, partnership, or disregarded entityPercentage of ownership interestTotal incomeEnd-of-year assets
0000000000%$0$0
0000000000%$0$0
0000000000%$0$0
0000000000%$0$0
Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (for 2006)
CompensationContributions to employee benefit plans & deferred compensationExpense account and other allowances
$0$0$0
$0$0$0
$0$0$0
$0$0$0
$0$0$0
Total number of other employees paid over $50,0000
Statements About Activities (for 2006)
Expenses paid or incurred in connection with the lobbying activities$0
Did the organization receive or hold an easement for conservation purposes, including easements to preserve open space, the environment, historic land areas or historic structures?
Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services?
Did the organization maintain any donor advised funds?
Did the organization make any taxable distributions under section 4966?
Did the organization make a distribution to a donor, donor advisor, or related person?
Enter the total number of donor advised funds owned at the end of the tax year$0
Enter the aggregate value of assets held in all donor advised funds owned at the end of the tax year$0
Enter the total number of separate funds or accounts owned at the end of the tax year (excluding donor advised funds included above) where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts$0
Enter the aggregate value of assets held in all funds or accounts included above at the end of the tax year$0
Reason for Non-Private Foundation Status
The organization is not a private foundation because it is
Support Schedule
1999200020012002200320042005
Total$0$0$0$0$0$0$0
Gifts, grants, and contributions received$0$0$0$0$0$0$0
Membership fees received$0$0$0$0$0$0$0
Gross receipts from admissions, merchandise sold or services performed, or furnishing of facilities in any activity that is related to the organization's charitable, etc., purpose$0$0$0$0$0$0$0
Gross income from interest, dividends, amounts received from payments on securities loans (section 512(a)(5)), rents, royalties, and unrelated business taxable income (less section 511 taxes) from businesses acquired by the organization after June 30, 1975$0$0$0$0$0$0$0
Net income from unrelated business activities not included above$0$0$0$0$0$0$0
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf$0$0$0$0$0$0$0
The value of services or facilities furnished to the organization by a governmental unit without charge. Do not include the value of services or facilities generally furnished to the public without charge$0$0$0$0$0$0$0
Other income$0$0$0$0$0$0$0
Lobbying Expenditures by Electing Public Charities (for 2006)
Total exempt purpose expenditures$0
Total lobbying expenditures$0
Total lobbying expenditures to influence public opinion (grassroots lobbying)$0
Total lobbying expenditures to influence a legislative body (direct lobbying)$0
Other exempt purpose expenditures$0
Lobbying nontaxable amount$0
Grassroots nontaxable amount$0
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Kroger Co Health And Welfare Benefit Tr For Collectively-Bargai, Overbeck John W Ttee1014 Vine St, Cincinnati, OH 45202-1141OH1995-10$1,176,956,814
2International Truck & Engine Corp Retiree Supplemental Benefit Tr26301 Curtiss Wright Parkway 105 No, Richmond Heights, OH 44143OH1994-09$694,454,380
3Procter & Gamble Benefit Plan Trust2 Procter And Gamble Plz, Cincinnati, OH 45202-3315OH1982-03$580,169,135
4Nationwide Insurance Companies & Affiliates Employee Health Care Tr, Wolken Susan A & P Frenzer Etal TteOne Nationwide Plaza 01-01-25, Columbus, OH 43215-2226OH1995-06$363,861,257
5Bank One Corporation Welfare Benefits TrustColumbus, OH 43271OH$355,883,262
6Cleveland Bakers Local No 19 Health And Welfare Fund9665 Rockside Rd Ste C, Valley View, OH 44125-6279OH1959-04$329,682,375
7Macys Inc Welfare Benefits TrustC/O Macys Corporate Srvcs Inc, Cincinnati, OH 45202OH1976-04$298,870,180
8Danaher Corporation & Subsidiaries Group Health Care Trust6095 Parkland Blvd Ste 310, Cleveland, OH 44124-6140OH1990-05$285,114,995
9Gillette Company Employee Benefit Trust2 Procter And Gamble Plz, Cincinnati, OH 45202-3315OH1994-07$253,074,861
10Ohio Operating Engineers Health & Welfare Plan1180 Dublin Rd, Columbus, OH 43215-1008OH1961-04$224,146,690
11Trust Agreement For The National City Long-Term Disability Plan1900 E 9th St 10th Flr Locator 2101, Cleveland, OH 44114-3404OH1995-01$205,485,887
12Procter & Gamble Company Retiree Benefit Tr, Smith John R Ttee2 Procter And Gamble Plz, Cincinnati, OH 45202-3315OH1994-07$179,197,062
13Ohio Laborers District Council Ohio Contractors Association Insurance800 Hillsdowne Rd, Westerville, OH 43081-3302OH1965-07$148,742,991
14United Food & Commercial Workers Union-Employer Hlth & Welfare Fund9199 Market Pl Ste 1, Broadview Hts, OH 44147-2870OH1959-02$146,985,869
15Retiree Health Trust Fbo United Auto Workers Retirees, Allis Chalmers Corp Uaw Retiree26301 Curtiss Wright Pkwy Ste 105, Richmond Hts, OH 44143-4419OH1988-09$113,273,975
16American Greetings Corporation Long-Term Disability Plan4900 Tiedeman Mc Oh 01 49 0150, Brooklyn, OH 44144OH1983-06$110,298,765
17Battelle Voluntary Employees Beneficiary Association505 King Ave, Columbus, OH 43201-2696OH1999-04$105,120,070
18Magna International Of America Employee Welfare And Benefit Trust1111 Polaris Pkwy Ste 2n, Columbus, OH 43240-2031OH1990-09$104,550,075
19Ohio Carpenters Health & Welfare Fund6281 Youngstown Warren Rd Ste, Niles, OH 44446-4643OH1968-09$97,327,635
20Limited Brands Inc Associate Benefits Trust3 Limited Pkwy, Columbus, OH 43230-1467OH1988-06$96,691,809
Number of organizations performing similar types of work
Alaska4
Alabama13
Arkansas6
Arizona19
California217
Colorado18
Connecticut44
District of Columbia24
Delaware7
Florida38
Georgia43
Hawaii21
Iowa25
Idaho5
Illinois218
Indiana47
Kansas19
Kentucky23
Louisiana10
Massachusetts81
Maryland58
Maine4
Michigan96
Minnesota80
Missouri75
Mississippi6
Montana7
North Carolina45
North Dakota6
Nebraska12
New Hampshire5
New Jersey128
New Mexico3
Nevada18
New York325
Ohio132
Oklahoma12
Oregon38
Pennsylvania205
Rhode Island20
South Carolina6
South Dakota2
Tennessee46
Texas113
Utah16
Virginia28
Vermont1
Washington65
Wisconsin61
West Virginia12
Wyoming1
International1
Total2,509

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