Michigan Regional Council of Carpenters Employee Benes Veba Fd
Troy, MI 48099 · IRS data through FY2025
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2025 | $100,342,024 | $86,363,630 | $45,903,067 |
| FY2024 | $92,704,602 | $77,175,849 | $37,360,476 |
| FY2023 | $83,803,833 | $78,484,565 | $22,816,392 |
| FY2022 | $86,420,144 | $87,303,696 | $3,929,132 |
| FY2021 | $83,954,494 | $78,385,365 | $17,042,770 |
| FY2020 | $83,671,963 | $84,319,485 | $11,760,697 |
| FY2019 | $88,418,810 | $101,504,389 | $9,114,713 |
| FY2018 | $74,160,118 | $75,923,441 | $20,914,333 |
| FY2017 | $60,294,788 | $57,070,638 | $5,580,008 |
| FY2016 | $59,377,408 | $52,689,506 | $2,125,463 |
| FY2015 | $54,225,348 | $44,872,238 | -$4,750,149 |
| FY2014 | $49,531,871 | $43,774,247 | -$14,142,519 |
| FY2013 | $52,104,473 | $52,050,318 | -$19,833,473 |
| FY2012 | $55,187,518 | $52,826,592 | -$23,519,442 |
Form 990 filings
The returns filed by Michigan Regional Council of Carpenters Employee Benes Veba Fd (EIN 38-3508105), including Form 990 PDFs and e-file data by year, are available in ProPublica's Nonprofit Explorer. The figures on this page come from IRS data files built from those returns.
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $0 | 0% |
| Program service revenue | $96,495,756 | 96% |
| Other revenue | $3,846,268 | 4% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $81,931,037 | 95% |
| Management & general | $4,432,593 | 5% |
| Fundraising | $0 | 0% |
What the numbers show
- Program service revenue made up 96% of total revenue in FY2025.
- Program services accounted for 95% of functional expenses, management & general 5%, and fundraising 0%.
- 95% of functional expenses went to program services in FY2025. That is higher than 26.4% of 110 Mutual & Membership Benefit organizations nationwide (too few in MI for a state comparison).
- Net assets covered about 6.4 months of expenses at the end of the reporting year. That puts it in the 14th percentile among 91 Mutual & Membership Benefit organizations in MI.
- Total revenue was the highest among 91 Mutual & Membership Benefit organizations in MI.
- Total revenue rose from $55,187,518 in FY2012 to $100,342,024 in FY2025. Revenue increased in 9 and decreased in 4 of 13 year-over-year comparisons.
- Expenses exceeded revenue in 4 of 14 reported years (FY2018, FY2019, FY2020, FY2022).
- Net assets grew from -$23,519,442 to $45,903,067 between FY2012 and FY2025.
Figures compared against other organizations of the same NTEE program area in the same state. See the methodology page for how these are calculated and the guide to reading nonprofit financials for their limits.
About this organization
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.
IRS status
| Ruling year | 2000 |
| Subsection | 501(c)(9) |
| Program area (NTEE) | Y43 — Mutual & Membership Benefit |
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Source: Internal Revenue Service — Exempt Organizations Business Master File (downloaded November 4, 2026), Statistics of Income extracts, Form 990 e-file data, Publication 78 and the Automatic Revocation list. Figures are as reported by the organization; IRS processing may adjust them. This is not a charity rating and not tax advice. Confirm deductibility in IRS Tax Exempt Organization Search.
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