Nonprofit · EIN 04-2191579
NORTH ATLANTIC STATES CARPENTERS HEALTH BENEFITS FUND
Tax-exempt · WILMINGTON, MA 01887
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $353,191,981 | $329,715,682 | $23,476,299 | $922,908,183 | $44,757,066 | $878,151,117 |
| December 31, 2023 | 990 | $339,055,933 | $320,382,089 | $18,673,844 | $895,056,927 | $44,194,938 | $850,861,989 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $304,446,571
- Investment income
- $48,744,664
- Net gain from sales of assets
- $27,817,866
- Other revenue
- $746
Expenses
- Grants and similar amounts paid
- $0
- Benefits paid to members
- $310,513,011
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $272,597
- Accounting fees
- $143,000
- Occupancy
- $391,811
- Depreciation
- $207,363
Balance sheet and other
- Total assets, start of year
- $895,056,927
- Total assets, end of year
- $922,908,183
- Total liabilities, end of year
- $44,757,066
- Net assets, end of year
- $878,151,117
- Land, buildings and equipment
- $597,371
- Publicly traded securities
- $306,388,236
- Gross unrelated business income
- $990
- Gross receipts
- $553,345,550
- Employees
- 0
- Volunteers
- 0
- Year formed
- 1955
- State of legal domicile
- MA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| NICOLA FAVORITO | EXECUTIVE DIRECTOR Officer | 16 | $0 | $256,458 | $57,219 |
| SUZANNE M SMITH | CFO Highest-paid employee | 8 | $0 | $239,252 | $56,048 |
| ROBERT R SICA | CIO Highest-paid employee | 9 | $0 | $199,086 | $56,048 |
| INGRID BIEREN | COO Highest-paid employee | 12 | $0 | $175,555 | $56,048 |
| PAUL GREELEY | CAP DIRECTOR Highest-paid employee | 40 | $0 | $154,618 | $61,131 |
| JOEL CONNER | CONTROLLER Highest-paid employee | 10 | $0 | $160,329 | $52,335 |
| RICHARD S MONARCA | FORMER EXECUTIVE DIRECTOR Former | 0 | $0 | $146,093 | $0 |
| THOMAS J FLYNN | CHAIRMAN Trustee or director | 1 | $0 | $0 | $0 |
| THOMAS STEEVES | SECRETARY/TREASURER Trustee or director | 1 | $0 | $0 | $0 |
| MICHAEL C SANCHEZ | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| JOSEPH BYRNE | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| WILLIAM SHEA | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| JAMIE NOON | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| JOHN BUTTS | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| JOSEPH EPIFANO | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
19 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JAMES CARR | TRUSTEE Trustee or director | 1 | $0 |
| RODNEY FRIAS | TRUSTEE Trustee or director | 1 | $0 |
| DAVID MINASIAN | TRUSTEE Trustee or director | 1 | $0 |
| NOEL XAVIER | TRUSTEE Trustee or director | 1 | $0 |
| MICHAEL HOLMES | TRUSTEE Trustee or director | 1 | $0 |
| MARC OKUN | TRUSTEE Trustee or director | 1 | $0 |
| THOMAS S GUNNING | TRUSTEE Trustee or director | 1 | $0 |
| KIM HOKANSON | TRUSTEE Trustee or director | 1 | $0 |
| JOHN DELOLLIS | TRUSTEE Trustee or director | 1 | $0 |
| EARL HALL | ALT. TRUSTEE Trustee or director | 1 | $0 |
| ALAN SEIDMAN | TRUSTEE Trustee or director | 1 | $0 |
| TODD HELFRICH | TRUSTEE Trustee or director | 1 | $0 |
| CHRISTOPHER AUSTIN | TRUSTEE Trustee or director | 1 | $0 |
| WILLIAM BANFIELD | TRUSTEE Trustee or director | 1 | $0 |
| JAMES MASON | TRUSTEE Trustee or director | 1 | $0 |
| MYNOR PEREZ | TRUSTEE Trustee or director | 1 | $0 |
| SCOTT SNEYD | TRUSTEE EFF 01/25/2024 Trustee or director | 1 | $0 |
| ZACHARY MIDDLETON | TRUSTEE EFF 03/29/2024 Trustee or director | 1 | $0 |
| DAVID JARVIS | TRUSTEE EFF 03/29/2024 Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 35 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| NICOLA FAVORITO | EXECUTIVE DIR. EFF 1/9/23 Officer | 11 | $0 | $239,745 | $60,911 |
| SUZANNE M SMITH | CFO Highest-paid employee | 9 | $0 | $229,244 | $54,739 |
| ROBERT R SICA | CIO Highest-paid employee | 9 | $0 | $191,392 | $54,739 |
| INGRID BIEREN | COO Highest-paid employee | 13 | $0 | $167,487 | $54,739 |
| PAUL GREELEY | CAP DIRECTOR Highest-paid employee | 37.5 | $0 | $146,022 | $59,612 |
| JOEL CONNER | CONTROLLER Highest-paid employee | 11 | $0 | $154,512 | $51,054 |
| RICHARD S MONARCA | FORMER EXECUTIVE DIR. Former | 0 | $0 | $129,864 | $0 |
| THOMAS J FLYNN | CHAIRMAN Trustee or director | 1 | $0 | $0 | $0 |
| THOMAS STEEVES | SECRETARY/TREAS Trustee or director | 1 | $0 | $0 | $0 |
| MICHAEL C SANCHEZ | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| JOSEPH BYRNE | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| MICHAEL SHAUGHNESSY | TRUSTEE THRU 9/12/23 Trustee or director | 1 | $0 | $0 | $0 |
| WILLIAM SHEA | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| JAMIE NOON | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| JACK DONAHUE | TRUSTEE THRU 12/7/23 Trustee or director | 1 | $0 | $0 | $0 |
| JOHN MURPHY | TRUSTEE THRU 3/27/23 Trustee or director | 1 | $0 | $0 | $0 |
| JOHN BUTTS | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| JOSEPH EPIFANO | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| JAMES CARR | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| JEFF WOLCHESKI | TRUSTEE THRU 11/7/23 Trustee or director | 1 | $0 | $0 | $0 |
| RODNEY FRIAS | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| DAVID MINASIAN | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| NOEL XAVIER | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| MICHAEL HOLMES | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| MARC OKUN | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| THOMAS S GUNNING | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| KIM HOKANSON | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| JOHN DELOLLIS | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| EARL HALL | ALT. TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| ALAN SEIDMAN | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| TODD HELFRICH | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| CHRISTOPHER AUSTIN | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| WILLIAM BANFIELD | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| JAMES MASON | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| MYNOR PEREZ | TRUSTEE EFF 4/28/23 Trustee or director | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 350 FORDHAM RD, WILMINGTON, MA 01887-2174
- In care of
- % NICOLA FAVORITO
- Principal officer (990 for 2024)
- NICOLA FAVORITO, 350 FORDHAM ROAD, WILMINGTON, MA 01887
- Signed the 990
- NICOLA FAVORITO, EXECUTIVE DIRECTOR
- Phone
- (978) 694-1000
- Website
- WWW.CARPENTERSFUND.ORG
- Return prepared by
- SCHULTHEIS & PANETTIERI LLP
Mission
THE PURPOSE OF THE PLAN IS TO PROVIDE HEALTH AND OTHER BENEFITS TO ELIGIBLE PARTICIPANTS.
Program accomplishments
- THE PURPOSE OF THE PLAN IS TO PROVIDE HEALTH AND OTHER BENEFITS TO ELIGIBLE PARTICIPANTS.
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 04-2191579
- Tax-exempt status
- 501(c)(9): Voluntary employees' beneficiary association
- Donations deductible
- No
- Exempt since
- 1959
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $922,908,183
- Income (IRS master file)
- $553,345,550
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $353,191,981 | $329,715,682 | $922,908,183 | IRS |
| 990 | December 2023 | $339,055,933 | $320,382,089 | $895,056,927 | XML |
| 990 | December 2022 | $311,210,786 | $292,051,079 | $844,881,039 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 04-2191579).
Questions about NORTH ATLANTIC STATES CARPENTERS HEALTH BENEFITS FUND
- What is the EIN of NORTH ATLANTIC STATES CARPENTERS HEALTH BENEFITS FUND?
- The employer identification number (EIN) of NORTH ATLANTIC STATES CARPENTERS HEALTH BENEFITS FUND is 04-2191579.
- Is NORTH ATLANTIC STATES CARPENTERS HEALTH BENEFITS FUND tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(9) since 1959.
- Are donations to NORTH ATLANTIC STATES CARPENTERS HEALTH BENEFITS FUND tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does NORTH ATLANTIC STATES CARPENTERS HEALTH BENEFITS FUND file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of NORTH ATLANTIC STATES CARPENTERS HEALTH BENEFITS FUND due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did NORTH ATLANTIC STATES CARPENTERS HEALTH BENEFITS FUND last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of NORTH ATLANTIC STATES CARPENTERS HEALTH BENEFITS FUND?
- The 990 for the year ended December 31, 2024 names NICOLA FAVORITO.
- Who are the officers and directors of NORTH ATLANTIC STATES CARPENTERS HEALTH BENEFITS FUND?
- The 990 for the year ended December 31, 2024 lists 34 people; 0 received compensation from the organization.
- How much revenue does NORTH ATLANTIC STATES CARPENTERS HEALTH BENEFITS FUND have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $353,191,981, expenses of $329,715,682 and total assets of $922,908,183 at year end.
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