Plumbers & Steamfitters H & W Trust Iowa State Bank Ttee
- Assets
- $87.4m
- Revenue
- $26.5m
- Investments
- $39.8m
- Employees
- 6
- Location
- Des Moines, IA
- Founding
- 07/1977
- Data as of
- 12/2023
- EIN
- 42-0930021
Organization Overview
Plumbers & Steamfitters H & W Trust Iowa State Bank Ttee is located in Des Moines, IA. The organization was established in 1977. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Education and related organizations. As of 12/2023, Plumbers & Steamfitters H & W Trust Iowa State Bank Ttee employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Plumbers & Steamfitters H & W Trust Iowa State Bank Ttee is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.
For the year ending 12/2023, Plumbers & Steamfitters H & W Trust Iowa State Bank Ttee generated $26.5m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 4.8% each year. All expenses for the organization totaled $21.4m during the year ending 12/2023. While expenses have increased by 5.2% per year over the past 9 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
THE PLAN AND TRUST WERE ESTABLISHED TO PROVIDE MEDICAL, DENTAL, SHORT-TERM DISABILITY BENEFITS, PRESCRIPTIONS, AND DEATH BENEFITS TO COLLECTIVELY BARGAINED UNION PLUMBERS & STEAMFITTERS IN CENTRAL & NORTHERN IOWA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE HEALTH CARE BENEFITS TO QUALIFIED PARTICIPANTS AND DEPENDENTS IN THE CENTRAL AND NORTHERN IOWA PLUMBING INDUSTRY.
TO PROVIDE SHORT-TERM DISABILITY PAYMENTS TO QUALIFIED PARTICIPANTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jama Barbour Chief Oper O | 50 | $165,231 | |
Curt Baker Trustee, Sec | OfficerTrustee | 1 | $0 |
Grant Hjortshoj Trustee | Trustee | 1 | $0 |
Tom Keck Trustee | Trustee | 1 | $0 |
Doug Kumm Trustee | Trustee | 1 | $0 |
Brad Meyer Trustee | Trustee | 1 | $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 | $24,029,861 |
| Investment income | $1,621,496 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $596,471 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $26,511,736 |
| 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 | $20,181,900 |
| 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 | $481,763 |
| Pension plan accruals and contributions | $106,937 |
| Other employee benefits | $66,641 |
| Payroll taxes | $36,156 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $62,634 |
| Fees for services: Accounting | $39,555 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $118,563 |
| Fees for services: Other | $46,140 |
| Advertising and promotion | $0 |
| Office expenses | $53,896 |
| Information technology | $117,890 |
| Royalties | $0 |
| Occupancy | $26,180 |
| 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 | $14,039 |
| Insurance | $20,911 |
| All other expenses | -$7,100 |
| Total functional expenses | $21,402,210 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $931,392 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,454,434 |
| 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 | $22,725 |
| Net Land, buildings, and equipment | $48,694 |
| Investments—publicly traded securities | $44,116,505 |
| Investments—other securities | $39,816,979 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $87,390,729 |
| Accounts payable and accrued expenses | $199,685 |
| 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 | $31,660,999 |
| Total liabilities | $31,860,684 |
| Net assets without donor restrictions | $55,530,045 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $87,390,729 |