Graphic Communications Benevolent Trust Fund
- Assets
- $66.0m
- Revenue
- $4.3m
- Investments
- $1.1m
- Employees
- 0
- Location
- Washington, DC
- Founding
- 11/1989
- Data as of
- 06/2021
- EIN
- 52-1632857
Organization Overview
Graphic Communications Benevolent Trust Fund is located in Washington, DC. The organization was established in 1989. 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. Graphic Communications Benevolent Trust Fund is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.
For the year ending 06/2021, Graphic Communications Benevolent Trust Fund generated $4.3m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 15.5% each year . All expenses for the organization totaled $3.1m during the year ending 06/2021. 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 DEATH BENEFITS FOR MEMBERS OF THE GRAPHIC COMMUNICATIONS CONFERENCE INTERNATIONAL BROTHERHOOD OF TEAMSTERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PAYMENT OF DEATH BENEFITS FOR MEMBERS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kurt Freeman President | OfficerTrustee | 1 | $0 |
Steven Nobles Vice President/secretary T | OfficerTrustee | 1 | $0 |
Garry Foreman Trustee | Trustee | 1 | $0 |
Marty Hallberg Trustee | Trustee | 1 | $0 |
Denis Fournier Trustee | Trustee | 1 | $0 |
Israel Castro 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 | $170,173 |
| Investment income | $1,419,159 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,298,974 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,293,287 |
| 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 | $2,633,905 |
| 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 | $0 |
| Fees for services: Legal | $17,241 |
| Fees for services: Accounting | $19,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $109,359 |
| Fees for services: Other | $42,725 |
| Advertising and promotion | $0 |
| Office expenses | $6,356 |
| 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 | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $22,802 |
| All other expenses | $8,642 |
| Total functional expenses | $3,062,649 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $144,882 |
| Savings and temporary cash investments | $125,547 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $34,038 |
| 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 | $2,276 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $64,471,531 |
| Investments—other securities | $1,139,018 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $74,261 |
| Total assets | $65,991,553 |
| Accounts payable and accrued expenses | $24,688 |
| 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 | $18,396 |
| Total liabilities | $43,084 |
| 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 | $65,948,469 |
| Total liabilities and net assets/fund balances | $65,991,553 |