Southern Ca Pipe Trades Pensioners & Surviving Spouses Health Trust
- Assets
- $36.7m
- Revenue
- $13.3m
- Investments
- $5.3m
- Employees
- 0
- Location
- Los Angeles, CA
- Founding
- 11/2011
- Data as of
- 12/2022
- EIN
- 27-4271742
Organization Overview
Southern Ca Pipe Trades Pensioners & Surviving Spouses Health Trust is located in Los Angeles, CA. The organization was established in 2011. 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. Southern CA Pipe Trades Pensioners & Surviving Spouses Health Trust is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.
For the year ending 12/2022, Southern CA Pipe Trades Pensioners & Surviving Spouses Health Trust generated $13.3m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.8% each year. All expenses for the organization totaled $11.6m during the year ending 12/2022. While expenses have increased by 3.4% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE VARIOUS MEDICAL BENEFITS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED BENEFIT PAYMENTS FOR MEDICAL, HOSPITALIZATION, AND PRESCRIPTION DRUG BENEFITS TO APPROXIMATELY 2,037 RETIRED PARTICIPANTS AND THEIR BENEFICIARIES.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Al Powers Trustee - Union | Trustee | 2 | $0 |
Anthony Novello Trustee - Union (part Year) | Trustee | 2 | $0 |
Ben Clayton Trustee - Union | Trustee | 2 | $0 |
Bryan Suttles Trustee | Trustee | 2 | $0 |
Chip Martin Trustee | Trustee | 2 | $0 |
David Baldwin Trustee - Union | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Southern California Pipe Trades Administ Administrator | 12/30/22 | $785,738 |
Blue Shield Claims Processor | 12/30/22 | $589,006 |
National Investment Service Investment Management | 12/30/22 | $105,125 |
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 | $13,357,074 |
| Investment income | $529,067 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$611,437 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $13,282,035 |
| 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 | $9,792,474 |
| 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 | $785,738 |
| Fees for services: Legal | $26,234 |
| Fees for services: Accounting | $52,900 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $120,487 |
| Fees for services: Other | $719,917 |
| Advertising and promotion | $0 |
| Office expenses | $39,499 |
| Information technology | $409 |
| 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 | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $5,753 |
| All other expenses | $0 |
| Total functional expenses | $11,577,256 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $480,443 |
| Savings and temporary cash investments | $915,740 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,316,365 |
| 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 | $1,635 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $28,695,849 |
| Investments—other securities | $5,283,023 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $36,693,055 |
| Accounts payable and accrued expenses | $184,132 |
| 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 | $2,912,197 |
| Total liabilities | $3,096,329 |
| 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 | $33,596,726 |
| Total liabilities and net assets/fund balances | $36,693,055 |