I B E W Health-Welfare Trust Of Southwest Washington Labor Center
- Assets
- $30.2m
- Revenue
- $12.8m
- Investments
- $0.0
- Employees
- 0
- Location
- Spokane, WA
- Founding
- 10/1972
- Data as of
- 06/2023
- EIN
- 23-7158640
Organization Overview
I B E W Health-Welfare Trust Of Southwest Washington Labor Center is located in Spokane, WA. The organization was established in 1972. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. I B E W Health-Welfare Trust Of Southwest Washington Labor Center is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.
For the year ending 06/2023, I B E W Health-Welfare Trust Of Southwest Washington Labor Center generated $12.8m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.9% each year. All expenses for the organization totaled $10.1m during the year ending 06/2023. While expenses have increased by 2.2% per year over the past 8 years. They've been increasing with an increasing level of total revenue. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE HEALTH AND WELFARE BENEFITS TO PARTICIPANTS PURSUANT TO COLLECTIVE BARGAINING AGREEEMENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED HEALTH AND WELFARE BENEFITS TO ELIGIBLE PARTICIPANTS AND THEIR DEPENDENTS, AND RETIREES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nicole Hite Chairman | Trustee | 1 | $0 |
Timothy K O'donnell Sr Secretary | Trustee | 1 | $0 |
Clint Bryson Trustee | Trustee | 1 | $0 |
Steve Doyle Trustee | Trustee | 0 | $0 |
Ken Jennings Trustee | Trustee | 1 | $0 |
Jack Knottingham Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Rehn Associates Plan Admin | 6/29/23 | $210,754 |
Segal Consulting Consulting | 6/29/23 | $138,984 |
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 | $12,006,524 |
| Investment income | $757,281 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $12,783,619 |
| 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 | $9,173,467 |
| 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 | $188,808 |
| Fees for services: Legal | $64,864 |
| Fees for services: Accounting | $70,102 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $25,771 |
| Fees for services: Other | $463,617 |
| Advertising and promotion | $0 |
| Office expenses | $37,893 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $10,267 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $27,080 |
| All other expenses | $3,514 |
| Total functional expenses | $10,065,383 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$157,704 |
| Savings and temporary cash investments | $5,277,052 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,497,525 |
| 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 | $120,448 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $23,445,746 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $30,183,067 |
| Accounts payable and accrued expenses | $178,481 |
| 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 | $5,130,380 |
| Total liabilities | $5,308,861 |
| 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 | $24,874,206 |
| Total liabilities and net assets/fund balances | $30,183,067 |