Civic Intelligence

New England Carpenters Vacation Savings Fund

990 • Fiscal year 2020 • EIN 04-3322721

Jan 01, 2020 to Dec 31, 2020 • Filed on Oct 29, 2021

350 Fordham RoadWilmington, MA 01887

(978) 694-1000

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

41st percentile

0.01x

Higher debt load relative to assets than 41% of similar nonprofits.

2020 filings • 501(c)9 • $10M-$25M nonprofits • Source year 2020

Liabilities / Revenue

29th percentile

0.00x

Higher debt load relative to revenue than 29% of similar nonprofits.

2020 filings • 501(c)9 • $10M-$25M nonprofits • Source year 2020

Net Margin

27th percentile

-1.4%

Higher net margin than 27% of similar nonprofits.

2020 filings • 501(c)9 • $10M-$25M nonprofits • Source year 2020

Top Officer Pay

94th percentile

$326,040

Higher top officer pay than 94% of similar nonprofits.

Top officer pay equals 2.0% of source-year revenue.

2020 filings • 501(c)9 • $10M-$25M nonprofits • Source year 2020

Asset Growth

20th percentile

-4.5%

Faster asset growth than 20% of similar nonprofits.

2020 filings • 501(c)9 • $10M-$25M nonprofits • Annualized from 2019 to 2020

Revenue Growth

19th percentile

-15%

Faster revenue growth than 19% of similar nonprofits.

2020 filings • 501(c)9 • $10M-$25M nonprofits • Annualized from 2019 to 2020

Assets

Down

$4,832,216

Down $227,711 (-4.5%) from 2019

Net Assets

Down

$4,804,690

Down $232,565 (-4.6%) from 2019

Liabilities

Up

$27,526

Up $4,854 (+21%) from 2019

Revenue

Down

$16,536,198

Down $2,846,645 (-15%) from 2019

Expenses

Down

$16,768,763

Down $2,264,458 (-12%) from 2019

Net Income

Down

-$232,565

Down $582,187 (-167%) from 2019

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$8.0M$6.0M$4.0M$2.0M$0Assets 2010: $2,088,679Liabilities 2010: $34,032Net Assets 2010: $2,054,6472010Assets 2011: $2,032,241Liabilities 2011: $43,281Net Assets 2011: $1,988,9602011Assets 2012: $2,071,936Liabilities 2012: $21,566Net Assets 2012: $2,050,3702012Assets 2013: $2,428,519Liabilities 2013: $19,593Net Assets 2013: $2,408,9262013Assets 2014: $2,910,531Liabilities 2014: $48,017Net Assets 2014: $2,862,5142014Assets 2015: $3,638,653Liabilities 2015: $28,612Net Assets 2015: $3,610,0412015Assets 2016: $3,358,952Liabilities 2016: $25,094Net Assets 2016: $3,333,8582016Assets 2017: $4,085,836Liabilities 2017: $31,805Net Assets 2017: $4,054,0312017Assets 2018: $4,700,397Liabilities 2018: $12,764Net Assets 2018: $4,687,6332018Assets 2019: $5,059,927Liabilities 2019: $22,672Net Assets 2019: $5,037,2552019Assets 2020: $4,832,216Liabilities 2020: $27,526Net Assets 2020: $4,804,6902020Assets 2021: $5,812,734Liabilities 2021: $29,060Net Assets 2021: $5,783,6742021Assets 2022: $5,997,624Liabilities 2022: $25,154Net Assets 2022: $5,972,4702022Assets 2023: $6,108,318Liabilities 2023: $50,252Net Assets 2023: $6,058,0662023Assets 2024: $5,804,382Liabilities 2024: $53,305Net Assets 2024: $5,751,0772024

Highlighted filing

2020

Assets$4,832,216
Liabilities$27,526
Net Assets$4,804,690

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$30M$20M$10M$0-$10MExpenses 2010: $7,445,5412010Expenses 2011: $7,608,3942011Expenses 2012: $7,616,4532012Revenue 2013: $9,778,206Expenses 2013: $9,419,650Net Income 2013: $358,5562013Revenue 2014: $10,575,884Expenses 2014: $10,122,296Net Income 2014: $453,5882014Revenue 2015: $14,045,556Expenses 2015: $13,298,029Net Income 2015: $747,5272015Revenue 2016: $13,647,257Expenses 2016: $13,923,440Net Income 2016: -$276,1832016Revenue 2017: $14,511,453Expenses 2017: $13,791,280Net Income 2017: $720,1732017Revenue 2018: $17,940,942Expenses 2018: $17,826,682Net Income 2018: $114,2602018Revenue 2019: $19,382,843Expenses 2019: $19,033,221Net Income 2019: $349,6222019Revenue 2020: $16,536,198Expenses 2020: $16,768,763Net Income 2020: -$232,5652020Revenue 2021: $20,849,073Expenses 2021: $19,870,089Net Income 2021: $978,9842021Revenue 2022: $23,282,520Expenses 2022: $23,093,724Net Income 2022: $188,7962022Revenue 2023: $23,875,050Expenses 2023: $23,789,454Net Income 2023: $85,5962023Revenue 2024: $23,107,926Expenses 2024: $23,414,915Net Income 2024: -$306,9892024

Highlighted filing

2020

Revenue$16,536,198
Expenses$16,768,763
Net Income-$232,565
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Oct 29, 2021
Return Version
2020v4.1
Gross Receipts
$16,536,198
Mission and Program Overview

Mission

To provide participants with vacation benefits

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$5,037,255$4,804,690▼ $232,565
Savings and Temporary Cash Investments$2,985,490$3,002,273▲ $16,783
Accounts Receivable$2,072,144$1,829,943▼ $242,201
Prepaid Expenses and Deferred Charges$2,293$0▼ $2,293
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$5,059,927$4,832,216▼ $227,711
Liabilities
Accounts Payable and Accrued Expenses$22,672$27,526▲ $4,854
Total Liabilities$22,672$27,526▲ $4,854
Net Assets / Fund Balance
Total Net Assets Fund Balance$5,037,255$4,804,690▼ $232,565
Total Liabilities and Net Assets / Fund Balance$5,059,927$4,832,216▼ $227,711
Compensation and Service Providers
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$16,496,995
Investment Income
$39,203
Other Revenue
$0
Change in Net Assets
$-232,565

Audited Revenue Reconciliation

Revenue per Audited Statements
$16,536,198
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$16,536,198
Total Revenue per Form 990
$16,536,198
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$103,689
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Benefits to Members---$16,665,074
Office Expenses---$25,669
Fees for Services Accounting---$12,000
Insurance---$8,629
Other Expenses---$1,884
Total Functional Expenses$0$0$0$16,768,763

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$16,768,763
Total Expenses per Audited Statements$16,768,763
Total Expenses per Form 990$16,768,763
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 7A

The union trustees are approved by the regional council. The employer trustees are appointed by the employer groups.

Form 990, Part VI, Section B, Line 11B

The form 990 was prepared in coordination with management of the organization and was reviewed with the board of trustees prior to submission.

Form 990, Part VI, Section B, Line 15

The organization's board of trustees review compensation of the officers and key employees on an annual basis.

Form 990, Part VI, Section C, Line 19

The organization makes its governing documents and financial statements available to all participants upon request. Documents are available to the public to the extent required by law.

990 Part VII, Section A and Schedule J, Part II

The executive director and highest compensated employees received compensation and benefits in their capacity as executive director or employee of this entity and related organizations. Total compensation, paid through a paymaster arrangement, is listed on the 990 part vii, section a and schedule j, part ii.

Filing and Contact Details

Filer

Filer Name
North Atlantic States Carpenters
EIN
04-3322721
Phone
9786941000
Address
350 FORDHAM ROAD, WILMINGTON, MA 01887

Signing Officer

Name
Richard S Monarca
Title
Executive Director
Phone
9786941000
Signed
2021-10-29
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Richard S Monarca
Formed
1995
Legal Domicile
Ma
Voting Board Members
20
Independent Board Members
20
Employees
0
Volunteers
0

Preparer

Firm
Schultheis & Panettieri Llp
Address
450 WIRELESS BLVD, HAUPPAUGE, NY 11788
Preparer
Carol Westfall
Phone
6312734778
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt170
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt180
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt190
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt200
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt210
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt220
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt230
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt240
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt250
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt260
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt270
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt280
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt290
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt170
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt180
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt190
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt200
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt210
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt220
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt230
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt24272234
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt25213120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt26174173
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt27153631
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt28149576
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt29128525
IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt1SECRETARY/TREAS
IRS990/Form990PartVIISectionAGrp/TitleTxt2TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt3TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt4TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt5TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt6TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt7TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt8TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt9TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt10TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt11TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt12TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt13TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt14TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt15TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt16TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt17TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt18TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt19TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt20TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt21TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt22TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt23TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt24EXECUTIVE DIR.
IRS990/Form990PartVIISectionAGrp/TitleTxt25CFO
IRS990/Form990PartVIISectionAGrp/TitleTxt26CIO
IRS990/Form990PartVIISectionAGrp/TitleTxt27CONTROLLER
IRS990/Form990PartVIISectionAGrp/TitleTxt28COO
IRS990/Form990PartVIISectionAGrp/TitleTxt29CAP DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01995
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt020
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt016536198
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt020
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/TotalAmt08629
IRS990/InvestmentIncomeGrp/ExclusionAmt039203
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt039203
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt01
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IRS990/LegalDomicileStateCd0MA
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO PROVIDE PARTICIPANTS WITH VACATION BENEFITS
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NameChangeInd0X
IRS990/NetAssetsOrFundBalancesBOYAmt05037255
IRS990/NetAssetsOrFundBalancesEOYAmt04804690
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
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IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0ADMINISTRATIVE FEES
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IRS990/OtherExpensesGrp/TotalAmt11884
IRS990/PartialLiquidationInd00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt02293
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
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IRS990/ProfessionalFundraisingInd00
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt016496995
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IRS990/PYContributionsGrantsAmt00
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IRS990/PYOtherRevenueAmt00
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IRS990/PYRevenuesLessExpensesAmt0349622
IRS990/PYSalariesCompEmpBnftPaidAmt00
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IRS990/PYTotalProfFndrsngExpnsAmt00
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IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
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IRS990/SavingsAndTempCashInvstGrp/BOYAmt02985490
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IRS990/ScheduleBRequiredInd00
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IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
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IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt016768763
IRS990ScheduleD/TotalRevenuePerForm990Amt016536198

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.80$0.05$5.75$23.1$23.4$0.31
2023Detailed filing. Detailed filing data is available for this year.$6.11$0.05$6.06$23.9$23.8$0.09
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.00$0.03$5.97$23.3$23.1$0.19
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.81$0.03$5.78$20.8$19.9$0.98
2020Detailed filing. Detailed filing data is available for this year.$4.83$0.03$4.80$16.5$16.8$0.23
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.06$0.02$5.04$19.4$19.0$0.35
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.70$0.01$4.69$17.9$17.8$0.11
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.09$0.03$4.05$14.5$13.8$0.72
2016Detailed filing. Detailed filing data is available for this year.$3.36$0.03$3.33$13.6$13.9$0.28
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.64$0.03$3.61$14.0$13.3$0.75
2014Detailed filing. Detailed filing data is available for this year.$2.91$0.05$2.86$10.6$10.1$0.45
2013Detailed filing. Detailed filing data is available for this year.$2.43$0.02$2.41$9.78$9.42$0.36
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.07$0.02$2.05$7.62
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.03$0.04$1.99$7.61
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.09$0.03$2.05$7.45
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2020 filings • 501(c)9 • $10M-$25M nonprofits