Pipeline Safety Trust
- Assets
- $5.1m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 8
- Location
- Bellingham, WA
- Founding
- 12/2003
- Data as of
- 03/2023
- EIN
- 56-2369975
Organization Overview
Pipeline Safety Trust is located in Bellingham, WA. The organization was established in 2003. According to its NTEE Classification (C20) the organization is classified as: Pollution Abatement & Control, under the broad grouping of Environment and related organizations. As of 03/2023, Pipeline Safety Trust employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pipeline Safety Trust is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 03/2023, Pipeline Safety Trust generated $1.1m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 10.5% each year . All expenses for the organization totaled $1.1m during the year ending 03/2023. While expenses have increased by 11.5% 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
POLICY AND EDUCATIONAL INITIATIVES AIMED AT IMPROVING COMMUNITY SAFETY,(SEE SCHED. O)PROTECTING THE ENVIRONMENT, AND FACILITATING PRODUCTIVE DIALOG AMONG CITIZEN ADVOCATES, REGULATORS, AND THE INDUSTRY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PIPELINE SAFETY TRUST HAS WORKED TO ACHIEVE ITS MISSION BY INCREASING ACCESS TO INFORMATION AND BUILDING PARTNERSHIPS WITH RESIDENTS, SAFETY ADVOCATES, GOVERNMENT, AND INDUSTRY. THE TRUST PROVIDES COMMENTS TO THE REGULATORY RULEMAKING PROCESS AND DRAFTS BRIEFING PAPERS AND GUIDES ON VARIOUS PIPELINE SAFETY ISSUES. IN ADDITION, THE TRUST HOLDS AN ANNUAL NATIONAL PIPELINE SAFETY CONFERENCE, AND SERVES AS AN INDEPENDENT INFORMATION SOURCE FOR THE PUBLIC, MEDIA, AND LOCAL GOVERNMENT. THE TRUST'S STAFF SERVE ON NUMEROUS STATE AND FEDERAL PIPELINE SAFETY ADVISORY COMMITTEES, ARE REGULARLY INVITED TO TESTIFY TO THE U.S. CONGRESS, AND FREQUENTLY SPEAK AT PUBLIC, INDUSTRY, AND GOVERNMENT MEETINGS AND CONFERENCES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Beth Wallace President | OfficerTrustee | 3 | $0 |
Jeffrey Insko Vice President | OfficerTrustee | 2 | $0 |
Bruce Brabec Treasurer | OfficerTrustee | 3 | $0 |
Sara Gosman Secretary | OfficerTrustee | 2 | $0 |
Lois Epstein Board Member | Trustee | 2 | $0 |
Glenn Archambault Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $791,036 |
| All other contributions, gifts, grants, and similar amounts not included above | $28,626 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $819,662 |
| Total Program Service Revenue | $88,300 |
| Investment income | $84,189 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $85,681 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,077,832 |
| 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 | $0 |
| Compensation of current officers, directors, key employees. | $136,095 |
| Compensation of current officers, directors, key employees. | $6,805 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $442,666 |
| Pension plan accruals and contributions | $8,753 |
| Other employee benefits | $16,387 |
| Payroll taxes | $48,806 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,651 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $22,576 |
| Fees for services: Other | $64,416 |
| Advertising and promotion | $0 |
| Office expenses | $10,416 |
| Information technology | $13,140 |
| Royalties | $0 |
| Occupancy | $50,703 |
| Travel | $99,996 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $115,239 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,811 |
| All other expenses | $1,060 |
| Total functional expenses | $1,068,168 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $70,604 |
| Savings and temporary cash investments | $137,893 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $26,672 |
| 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 | $4,693,800 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $124,397 |
| Total assets | $5,053,366 |
| Accounts payable and accrued expenses | $43,078 |
| Grants payable | $0 |
| Deferred revenue | $11,533 |
| 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 | $122,901 |
| Total liabilities | $177,512 |
| Net assets without donor restrictions | $4,875,854 |
| 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 | $5,053,366 |