Carpenters & Joiners Welfare Fund
501(c)(9)
Only null% goes to programs Strong reserves
Carpenters & Joiners Welfare Fund is a 501(c)(9) organization based in Bloomington, Minnesota, registered in 1963, with $261,850,024 in FY2024 revenue. CharityIndex grades it B.
3001 Metro Dr Ste 500, Bloomington, MN, 55425 EIN 41-6024791 Since 1963
Revenue (FY2024)
$261.9M
▲ 1.9% vs prior year
Expenses (FY2024)
$258.9M
Net assets
$338.1M
Employees
0
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Carpenters & Joiners Welfare Fund— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
AFinancial health25% of the rating16 mo reserves · +1% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Carpenters & Joiners Welfare Fund: 16 mo reserves · +1% margin earns a A on this criterion. See the exact thresholds →
C+Governance25% of the rating3 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Carpenters & Joiners Welfare Fund: 3 of 6 checks met earns a C+ on this criterion. See the exact thresholds →
BTransparency10% of the rating3 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Carpenters & Joiners Welfare Fund: 3 of 5 disclosure signals earns a B on this criterion. See the exact thresholds →
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Mission
Provide health and welfare benefits pursuant to a collective bargaining agreement.
Contact & location
- Address
- 3001 Metro Dr Ste 500, Bloomington, MN, 55425
- City
- Bloomington
- State
- Minnesota
- Category
- —
- Subcategory
- —
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $104.6M (FY2013) to $261.9M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $11.6MNet assets $338.1M
Operating margin
1.1%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$349.6M
Total liabilities
$11.6M
Net assets
$338.1M
Salaries & benefits
$0
0% of expenses
Board members
10
0 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $261,850,024▲1.9% | $258,893,783▲10.6% | $338,079,117▲3.4% | $349,641,414▲2.3% | 990 |
| 2023 | $256,942,032▼1.9% | $234,047,339▲3.8% | $326,827,670▲12.1% | $341,734,795▲12.1% | 990 |
| 2022 | $261,890,084▲14.6% | $225,512,340▲5.2% | $291,673,558▼5.5% | $304,862,000▼3.1% | 990 |
| 2021 | $228,602,525▲6.3% | $214,327,235▼3.7% | $308,506,368▲9.1% | $314,491,427▲9.1% | 990 |
| 2020 | $215,050,740▼23.6% | $222,605,214▼0.9% | $282,892,447▲2.3% | $288,314,878▲1.1% | 990 |
| 2019 | $281,339,396▲46.9% | $224,714,864▲46.6% | $276,433,074▲40.7% | $285,248,297▲41.1% | 990 |
| 2018 | $191,579,057▲31.1% | $153,309,238▲8.0% | $196,483,855▲0.1% | $202,160,177▲0.9% | 990 |
| 2017 | $146,161,313▲8.8% | $141,958,290▲4.5% | $196,210,354▲7.0% | $200,285,491▲7.3% | 990 |
| 2016 | $134,373,144▲1.8% | $135,843,084▲10.7% | $183,331,297▲2.0% | $186,708,716▲1.4% | 990 |
| 2015 | $132,053,092▲15.9% | $122,674,130▲16.4% | $179,751,951▼0.9% | $184,151,527▼0.6% | 990 |
| 2014 | $113,981,823▲9.0% | $105,373,623▲10.7% | $181,432,526▲9.7% | $185,347,765▲10.9% | 990 |
| 2013 | $104,600,680 | $95,222,429▲13.5% | $165,450,485▲11.2% | $167,127,988▲12.0% | 990 |
| 2012 | — | $83,880,824▲20.4% | $148,749,189▲6.4% | $149,196,123▲6.5% | 990 |
| 2011 | — | $69,656,728▲19.4% | $139,840,202▲23.6% | $140,068,672▲23.7% | 990 |
| 2010 | — | $58,344,613 | $113,129,703 | $113,242,793 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Amanda Heiser | Union Trustee/alternate | 2 | — |
| Amy Thompson | Mgt Trustee | 2 | — |
| Burt Johnson | Union Trustee | 1 | — |
| Corey Bialcik | Union Trustee/alternate | 1 | — |
| Dominic Andrist | Union Trustee | 3 | — |
| James Anderson | Union Trustee/alternate | 1 | — |
| Joe Conroy | Mgt Trustee | 2 | — |
| John Nesse | Mgt Trustee, Chairman | 2 | — |
| Mark Kessenich | Mgt Trustee | 1 | — |
| Martha Henrickson | Mgt Trustee/alternate | 1 | — |
| Matthew Marcellis | Mgt Trustee/alternate | 1 | — |
| Mike Schechter | Mgt Trustee/alternate | 2 | — |
| Patrick Nilsen | Union Trustee, Secretary | 1 | — |
| Peter Donnino | Mgt Trustee | 1 | — |
| Richard Kolodziejski | Union Trustee/alternate | 2 | — |
| Ryan Pecinvosky | Union Trustee/alternate | 2 | — |
| Shaun Coates | Union Trustee | 1 | — |
| Shawn Cotter | Mgt Trustee/alternate | 2 | — |
| Wayne Nordin | Union Trustee | 1 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Wilson-mcshane Corporation | Plan Administrator | $4,905,288 |
| Umr | Claims Processor | $3,821,373 |
| Total Employee Assistance Management | Health Mgmt Program | $1,043,199 |
| Express Scripts Inc | Claims Processor | $857,275 |
| Reinhart Boerner Van Deuren Sc | Legal | $472,011 |
Frequently asked questions
- Is Carpenters & Joiners Welfare Fund a legitimate nonprofit?
- Yes. Carpenters & Joiners Welfare Fund is a 501(c)(9) organization registered with the U.S. Internal Revenue Service under EIN 41-6024791, based in Bloomington, Minnesota.
- What is Carpenters & Joiners Welfare Fund's EIN?
- Carpenters & Joiners Welfare Fund's Employer Identification Number (EIN) is 41-6024791.
- How much revenue does Carpenters & Joiners Welfare Fund report?
- Carpenters & Joiners Welfare Fund reported $261,850,024 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Carpenters & Joiners Welfare Fund have?
- CharityIndex grades Carpenters & Joiners Welfare Fund B, based on financial health (reserves and operating margin).
- How much does Carpenters & Joiners Welfare Fund's highest-paid employee make?
- The highest reported compensation on Carpenters & Joiners Welfare Fund's latest Form 990 is $0, paid to Amanda Heiser (Union Trustee/alternate).
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Data for Carpenters & Joiners Welfare Fund (EIN 41-6024791) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.