THE CARPENTERS GUARANTY FUND IS CRAFTED FOR THE PURPOSE OF NEGOTIATING COLLECTIVELY BARGAINED AGREEMENTS WITH OTHER ASSOCIATIONS AND INDIVIDUAL EMPLOYERS WHICH REQUIRE EITHER THAT SECURITY DEPOSITS BE MADE TO THE FUND OR THAT AN ASSOCIATION STAND SURETY FOR SOME OR ALL OF ITS MEMEBRS OR BOTH FOR THE REPRESENTATION, ORGANIZING AND BARGAINING OF MICHIGAN REGIONAL COUNCIL OF CARPENTERS, IN COMPLIANCE WITH A COLLECTIVELY BARGAINED AGREEMENT THROUGH THE TAFT-HARTLEY ACT.
Executive compensation
Form 990 · Part VII & Schedule J · 7 reported individuals · Filing year 2024
Percentile bands compare each position's total pay with the same role at Mutual & Membership Benefit organizations nationwide.
| Position | Total |
|---|---|
Chairman Board Chair Above 90th percentile | $120k $126k |
Trustee Board Member Above 90th percentile | $119k $125k |
Trustee Board Member 75th to 90th percentile | $100k $106k |
Trustee Board Member 75th to 90th percentile | $99k $105k |
Trustee Board Member 75th to 90th percentile | $88k $92k |
Trustee Board Member 75th to 90th percentile | $87k $92k |
Trustee Board Member 75th to 90th percentile | $87k $92k |
Teal figures restate each filed amount in 2026 dollars.
Estimated with Detroit-Warren-Dearborn, MI metro-area CPI-U, restating filed pay into April 2026 dollars. A restatement of past pay, not current or projected pay.
Plus 6 unpaid individuals.
Top pay as a share of expenses
In 2024, the highest total compensation at CARPENTERS' GUARANTY FUND equaled 284% of the organization's total expenses. The median for mutual & membership benefit organizations is 4%.
Based on 1,353 mutual & membership benefit organizations, each measured at its most recent filing year with reported expenses and compensation.
Held steady
from 2023
From $119k in 2023 to $120k in 2024.
Estimated with Detroit-Warren-Dearborn, MI metro-area CPI-U, restating filed pay into April 2026 dollars. A restatement of past pay, not current or projected pay.
Board Chair pay rose 1% from 2023 to 2024, while revenue fell 7%.
- Board Member pay held roughly steady from 2023 to 2024.
Pay for the position itself, not any one person. The officeholder may have changed between 2023 and 2024.
Among peers
Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.
Common questions about CARPENTERS' GUARANTY FUND
What does the Board Chair of CARPENTERS' GUARANTY FUND earn?
In 2024, the Board Chair of CARPENTERS' GUARANTY FUND received $119,516 in total compensation. This pay is in the top 10% for Board Chair roles among Mutual & Membership Benefit organizations nationwide: at least 9 in 10 comparable filings report less. Based on IRS Form 990 data.
How does Board Chair pay at CARPENTERS' GUARANTY FUND compare with similar nonprofits?
Compared with the same role at Mutual & Membership Benefit organizations nationwide, the 2024 pay of the Board Chair at CARPENTERS' GUARANTY FUND falls in the top 10%. In 2024, the highest total compensation at CARPENTERS' GUARANTY FUND equaled 284% of the organization's total expenses. The median for mutual & membership benefit organizations is 4%.
What are CARPENTERS' GUARANTY FUND's revenue and expenses?
In 2024, CARPENTERS' GUARANTY FUND reported $218k in total revenue and $42k in total expenses on its IRS Form 990.
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