Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: MEMBERSHIP DUES

  total $80,664,539 · related or exempt $80,664,539

• 2b · Program service revenue: TRAINING CENTER REVENUE

  total $25,378,634 · related or exempt $25,378,634

• 2c · Program service revenue: INITIATION FEES

  total $851,396 · related or exempt $851,396

• 3 · Investment income

  total $9,583,249 · excluded $9,583,249

• 7a · Gross sales of assets other than inventory

  securities $841,505,998 · other assets $248,994

• 7b · Less cost or other basis and sales expenses

  securities $845,256,112 · other assets $288,094

• 7c · Gain or loss

  securities -$3,750,114 · other assets -$39,100

• 7d · Net gain or loss

  total -$3,789,214 · excluded -$3,789,214

• 10a · Gross sales of inventory

  $223,169

• 10b · Cost of goods sold

  $241,957

• 10c · Net income from sales of inventory

  total -$18,788 · excluded -$18,788

• 11a · Other revenue: INCOME FROM DISBANDED LOCAL UNION

  total $42,476,499 · related or exempt $42,476,499

• 11b · Other revenue: FIDELITY BOND PREMIUMS

  total $237,913 · related or exempt $237,913

• 11c · Other revenue: GAIN ON FOREIGN CURRENCY

  total -$128,290 · related or exempt -$128,290

• 11d · All other revenue

  total $517,959 · related or exempt $517,959

• 11e · Other revenue, total

  $43,104,081

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $30,631,210

• 3 · Grants to foreign organizations and individuals

  total $1,849,549

• 4 · Benefits paid to or for members

  total $2,209,175

• 5 · Compensation of officers, directors and key employees

  total $7,645,455

• 7 · Other salaries and wages

  total $10,643,829

• 8 · Pension plan contributions

  total $3,109,677

• 9 · Other employee benefits

  total $3,657,421

• 10 · Payroll taxes

  total $984,385

• 11a · Fees: management

  total $200,062

• 11b · Fees: legal

  total $2,695,969

• 11c · Fees: accounting

  total $816,535

• 11d · Fees: lobbying

  total $1,641,022

• 11f · Fees: investment management

  total $220,447

• 11g · Fees: other

  total $1,710,236

• 13 · Office expenses

  total $643,033

• 14 · Information technology

  total $5,478,500

• 16 · Occupancy

  total $15,086,151

• 17 · Travel

  total $2,773,665

• 19 · Conferences, conventions and meetings

  total $3,240,089

• 21 · Payments to affiliates

  total $4,189,857

• 22 · Depreciation, depletion and amortization

  total $8,691,587

• 23 · Insurance

  total $1,162,371

• 24a · Other expenses: COMMUNICATION

  total $453,617

• 24b · Other expenses: MEMBERSHIP DUES

  total $71,700

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $23,448,304 · end of year $18,823,472

• 2 · Savings and temporary cash investments

  beginning of year $21,459,523 · end of year $9,803,401

• 4 · Accounts receivable

  beginning of year $8,150,961 · end of year $3,565,629

• 7 · Other notes and loans receivable

  beginning of year $6,126,700 · end of year $5,901,744

• 8 · Inventories for sale or use

  beginning of year $369,395 · end of year $324,924

• 9 · Prepaid expenses and deferred charges

  beginning of year $684,962 · end of year $758,106

• 10a · Land, buildings and equipment: cost or other basis

  $213,786,021

• 10b · Land, buildings and equipment: accumulated depreciation

  $110,796,204

• 10c · Land, buildings and equipment, net

  beginning of year $111,199,790 · end of year $102,989,817

• 11 · Investments: publicly traded securities

  beginning of year $213,403,228 · end of year $144,607,424

• 12 · Investments: other securities

  beginning of year $306,614,067 · end of year $338,240,306

• 14 · Intangible assets

  end of year $152,543,237

• 15 · Other assets

  beginning of year $3,737,067 · end of year $3,698,331

• 17 · Accounts payable and accrued expenses

  beginning of year $2,291,136 · end of year $137,672

• 25 · Other liabilities

  beginning of year $3,737,067 · end of year $3,698,331

• 27 · Net assets without donor restrictions

  beginning of year $689,165,794 · end of year $777,420,388

The filer's explanations (Part III)

PART I, LINE 1A

ALL DIRECTORS ARE ABLE TO PURCHASE FIRST-CLASS AIRLINE TICKETS. THESE EXPENSES ARE PAID UNDER AN ACCOUNTABLE PLAN AND ARE NOT TREATED AS COMPENSATION TO THE DIRECTORS.

PART I, LINES 4A-B

THREE OFFICERS RECEIVED A SEVERANCE PAYMENT. FRANK SPENCER IN THE AMOUNT OF $851,316, DAVID THARP IN THE AMOUNT OF 425,658, AND DENNIS DONAHOU IN THE AMOUNT OF $327,428. THREE OFFICERS PARTICIPATED IN A SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN (457(F)): THOMAS FLYNN $300,000, MARK MCGRIFF $264,000, AND DAVID THARP $65,000.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

• AFFORDABLE MODULAR SYSTEMS LLC

  USING STEEL PANELS FOR AFFORDABLE HOUSING · NV

  Directly controlled by UNITED BROTHERHOOD OF CARPENTERS AND JOINERS OF AMERICA

• JOBSITE HOSPITALITY LLC

  OWN AND OPERATE TWO HOTELS IN LAS VEGAS, NV. · NV

  Directly controlled by PLACID INVESTORS INC

• JOBSITE STEEL MANUFACTURING LLC

  OWN AND OPERATE MANUFACTURING FACILITIES WHICH PRODUCE METAL WALL PANELS. · NV

  Directly controlled by PLACID INVESTORS INC

• UBC MISSION VENTURE LLC

  MANAGE UBC NON-PROFIT ACTIVITIES · NV · assets -$8,533,597

  Directly controlled by UNITED BROTHERHOOD OF CARPENTERS AND JOINERS OF AMERICA

• LEVEL CARE PHARMACY I LLC

  SPECIALTY PHARMACY · NV

  Directly controlled by MISSION VENTURE LLC

• LEVEL CARE PHARMACY II LLC

  SPECIALTY PHARMACY · NV

  Directly controlled by PLACID INVESTORS INC

• LEVEL CARE PBM I LLC

  SPECIALTY PHARMACY · NV

  Directly controlled by MISSION VENTURE LLC

• LEVEL CARE PBM II LLC

  SPECIALTY PHARMACY · NV

  Directly controlled by PLACID INVESTORS INC

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

• PLACID INVESTORS INC

  C · HOTELS AND MANUFACTURING ROLL FORMING MACHINERY · NV · 100% owned · share of income $16,943,537 · share of assets $4,637,239 · controlled entity

  Directly controlled by UNITED BROTHERHOOD OF CARPENTERS AND JOINERS OF AMERICA

• 101 CONSTITUTION TRUST

  T · RENTAL PROPERTY · DC · 99% owned · share of income $45,510,970 · share of assets $237,125,722 · controlled entity

  Directly controlled by UNITED BROTHERHOOD OF CARPENTERS AND JOINERS OF AMERICA