Northwest I A M Benefit Trust
- Assets
- $8.0m
- Revenue
- $3.5m
- Investments
- $0.0
- Employees
- 0
- Location
- Seattle, WA
- Founding
- 03/1969
- Data as of
- 09/2021
- EIN
- 23-7013313
Organization Overview
Northwest I A M Benefit Trust is located in Seattle, WA. The organization was established in 1969. According to its NTEE Classification (Y43) the organization is classified as: Voluntary Employees Beneficiary Associations (Non-Government), under the broad grouping of Mutual & Membership Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Northwest I A M Benefit Trust is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.
For the year ending 09/2021, Northwest I A M Benefit Trust generated $3.5m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.2%) each year. All expenses for the organization totaled $2.9m during the year ending 09/2021. As we would expect to see with falling revenues, expenses have declined by (2.5%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE DENTAL BENEFITS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE DENTAL BENEFITS TO QUALIFIED PARTICIPANTS AS SPECIFIED IN THE PLAN.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Russ Cole Secretary | OfficerTrustee | 1 | $0 |
Robert Petroff Chairman | OfficerTrustee | 1 | $0 |
Kierstin Cavner Trustee | Trustee | 1 | $0 |
Paul Miller Trustee | Trustee | 1 | $0 |
Brandon Hemming Trustee | Trustee | 1 | $0 |
Richard Kafer Trustee | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $3,310,987 |
| Investment income | $86,141 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $143,432 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,540,905 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $2,406,105 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $283,383 |
| Fees for services: Legal | $18,000 |
| Fees for services: Accounting | $32,902 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $26,957 |
| Fees for services: Other | $35,637 |
| Advertising and promotion | $0 |
| Office expenses | $22,170 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,694 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $25,786 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $7,634 |
| All other expenses | $10,642 |
| Total functional expenses | $2,870,910 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,527,181 |
| Savings and temporary cash investments | $90,020 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $292,935 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $5,383 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $6,038,359 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $7,953,878 |
| Accounts payable and accrued expenses | $25,126 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $724,064 |
| Total liabilities | $749,190 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $7,204,688 |
| Total liabilities and net assets/fund balances | $7,953,878 |
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