Painters Trust Fund Of Washington D C & Vicinity is located in Pittsburgh, PA. The organization was established in 1949. 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. As of 09/2023, Painters Trust Fund Of Washington D C & Vicinity employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Painters Trust Fund Of Washington D C & Vicinity is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.
For the year ending 09/2023, Painters Trust Fund Of Washington D C & Vicinity generated $9.2m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.1%) each year. All expenses for the organization totaled $7.1m during the year ending 09/2023. As we would expect to see with falling revenues, expenses have declined by (4.4%) per year over the past 7 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE MEDICAL, PRESCRIPTION, AND DEATH & DISABILITY BENEFITS TO APPLICANTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVISION OF MEDICAL, PRESCRIPTION, AND DEATH & DISABILITY BENEFITS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Brian W Courtien Co-Chair/trustee | Trustee | 2 | $0 |
Pete Forakis Co-Chair/trustee | Trustee | 2 | $0 |
Charles Parker Trustee | Trustee | 2 | $0 |
Derwin Scalph Jr Trustee | Trustee | 2 | $0 |
Jose Rauda Trustee | Trustee | 2 | $0 |
Alex Evans Trustee | Trustee | 2 | $0 |
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 | $8,886,041 |
Investment income | $191,845 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | -$2,271 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $9,153,039 |
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 | $6,379,370 |
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 | $135,629 |
Fees for services: Accounting | $42,638 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $66,248 |
Fees for services: Other | $451,065 |
Advertising and promotion | $0 |
Office expenses | $54,776 |
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 | $988 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $0 |
Insurance | $7,672 |
All other expenses | $0 |
Total functional expenses | $7,138,386 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $3,675,500 |
Savings and temporary cash investments | $545,283 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $1,609,102 |
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 | $0 |
Net Land, buildings, and equipment | $0 |
Investments—publicly traded securities | $7,152,372 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $12,982,257 |
Accounts payable and accrued expenses | $6,054 |
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 | $226,904 |
Total liabilities | $232,958 |
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 | $12,749,299 |
Total liabilities and net assets/fund balances | $12,982,257 |