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← MICHIGAN REGIONAL COUNCIL OF CARPENTERS EMPLOYEE BENES VEBA FD

Form 990 for tax year 2024

Filed by MICHIGAN REGIONAL COUNCIL OF CARPENTERS EMPLOYEE BENES VEBA FD.

Totals

Total revenue
$100,342,024
Total expenses
$86,363,630
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$96,495,756
Investment income
$3,617,717
Other revenue
$228,551
Total assets, end of year
$111,242,069
Total liabilities, end of year
$65,339,002
Net assets or fund balances, end of year
$45,903,067
Program services expenses (Part IX)
$81,931,037
Management and general expenses
$4,432,593
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 94.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: EMPLOYER CONTRIBUTIONS

    total $81,697,625 · related or exempt $81,697,625

  • 2b · Program service revenue: SELF PAYMENTS

    total $14,798,131 · related or exempt $14,798,131

  • 3 · Investment income

    total $2,884,581 · related or exempt $2,884,581

  • 7a · Gross sales of assets other than inventory

    securities $22,646,665

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

    securities $21,913,529

  • 7c · Gain or loss

    securities $733,136

  • 7d · Net gain or loss

    total $733,136 · related or exempt $733,136

  • 11a · Other revenue: MRA REFUND

    total $156,796 · related or exempt $156,796

  • 11b · Other revenue: STOP LOSS RECOVERY

    total $71,755 · related or exempt $71,755

  • 11e · Other revenue, total

    $228,551

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $81,931,037 · program services $81,931,037

  • 11a · Fees: management

    total $3,283,333 · management and general $3,283,333

  • 11b · Fees: legal

    total $188,881 · management and general $188,881

  • 11c · Fees: accounting

    total $44,200 · management and general $44,200

  • 11f · Fees: investment management

    total $239,154 · management and general $239,154

  • 11g · Fees: other

    total $23,726 · management and general $23,726

  • 13 · Office expenses

    total $412,952 · management and general $412,952

  • 19 · Conferences, conventions and meetings

    total $12,432 · management and general $12,432

  • 21 · Payments to affiliates

    total $178,275 · management and general $178,275

  • 23 · Insurance

    total $49,640 · management and general $49,640

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $15,761,233 · end of year $27,507,258

  • 2 · Savings and temporary cash investments

    beginning of year $2,089,209 · end of year $1,316,583

  • 4 · Accounts receivable

    beginning of year $9,449,404 · end of year $9,659,167

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,314,282 · end of year $1,296,673

  • 11 · Investments: publicly traded securities

    beginning of year $65,853,540 · end of year $71,097,302

  • 15 · Other assets

    beginning of year -$6,389 · end of year $365,086

  • 17 · Accounts payable and accrued expenses

    beginning of year $37,620 · end of year $23,037

  • 25 · Other liabilities

    beginning of year $57,063,183 · end of year $65,315,965

  • 27 · Net assets without donor restrictions

    beginning of year $37,360,476 · end of year $45,903,067

Mission and programs · 2024

Mission

THE EMPLOYEE BENEFIT FUND IS CRAFTED FOR THE PURPOSE OF PROVIDING HEALTH AND WELFARE BENEFITS TO PARTICIPANTS FOR THE BENEFIT OF THE MEMBERSHIP, ON BEHALF OF THE MICHIGAN REGIONAL COUNCIL OF CARPENTERS, IN COMPLIANCE WITH THE TAFT-HARTLEY ACT.

  • THE EMPLOYEE BENEFIT FUND IS CRAFTED FOR THE PURPOSE OF PROVIDING HEALTH AND WELFARE BENEFITS TO PARTICIPANTS FOR THE BENEFIT OF THE MEMBERSHIP, ON BEHALF OF THE MICHIGAN REGIONAL COUNCIL OF CARPENTERS, IN COMPLIANCE WITH THE TAFT-HARTLEY ACT.

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • THOMAS LUTZ

    CHAIRMAN

    Total calculated
    $370,113
    From this org
    $0
    From related orgs
    $251,490
    Other
    $118,623
    Hours/week
    1 + 60 related

    Schedule J breakdown matched by us

    Base
    not reported + $241,870 related
    Bonus
    not reported
    Other
    not reported + $9,620 related
    Deferred
    not reported + $109,492 related
    Nontaxable benefits
    not reported + $9,131 related
    Filer's total
    not reported + $370,113 related

  • MICHAEL BARNWELL

    TRUSTEE

    Total calculated
    $318,592
    From this org
    $0
    From related orgs
    $199,076
    Other
    $119,516
    Hours/week
    1 + 55 related

    Schedule J breakdown matched by us

    Base
    not reported + $187,712 related
    Bonus
    not reported + $600 related
    Other
    not reported + $10,764 related
    Deferred
    not reported + $96,657 related
    Nontaxable benefits
    not reported + $22,859 related
    Filer's total
    not reported + $318,592 related

  • RICH WILLIAMSON

    TRUSTEE

    Total calculated
    $249,029
    From this org
    $0
    From related orgs
    $149,939
    Other
    $99,090
    Hours/week
    1 + 55 related

    Schedule J breakdown matched by us

    Base
    not reported + $147,819 related
    Bonus
    not reported + $600 related
    Other
    not reported + $1,520 related
    Deferred
    not reported + $86,839 related
    Nontaxable benefits
    not reported + $12,251 related
    Filer's total
    not reported + $249,029 related

  • PAUL JEWELL

    TRUSTEE

    Total calculated
    $240,206
    From this org
    $0
    From related orgs
    $139,983
    Other
    $100,223
    Hours/week
    1 + 50 related

    Schedule J breakdown matched by us

    Base
    not reported + $112,643 related
    Bonus
    not reported + $600 related
    Other
    not reported + $26,740 related
    Deferred
    not reported + $77,364 related
    Nontaxable benefits
    not reported + $22,859 related
    Filer's total
    not reported + $240,206 related

  • MIKE JACKSON JR

    TRUSTEE

    Total calculated
    $224,279
    From this org
    $0
    From related orgs
    $136,915
    Other
    $87,364
    Hours/week
    1 + 45 related

    Schedule J breakdown matched by us

    Base
    not reported + $102,815 related
    Bonus
    not reported + $600 related
    Other
    not reported + $33,500 related
    Deferred
    not reported + $75,113 related
    Nontaxable benefits
    not reported + $12,251 related
    Filer's total
    not reported + $224,279 related

  • DARIN BAYDOUN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • TODD BEGEROWSKI

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • BRYAN DAVIS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • DAVE ESCHNER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • ROBERT HALIK

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • JAMES OLEKSINSKI

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • PHIL VINCENTI

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2024
Filed
16 February 2026
IRS schema version
2024v5.0
Source object
202600479349301320

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