Pipe Trades Trust
- Assets
- $23.5m
- Revenue
- $18.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Spokane, WA
- Founding
- 02/1966
- Data as of
- 07/2021
- EIN
- 81-6009567
Organization Overview
Pipe Trades Trust is located in Spokane, WA. The organization was established in 1966. 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. Pipe Trades Trust is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.
For the year ending 07/2021, Pipe Trades Trust generated $18.1m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.3% each year. All expenses for the organization totaled $16.6m during the year ending 07/2021. 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
PROVIDE HEALTH AND WELFARE BENEFITS TO UNION MEMBERS (ERISA TRUST)
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEDICAL, DENTAL, AND VISION CLAIMS, DEATH AND DISABILITY BENEFITS
INSURANCE PREMIUMS FOR TRANSPLANT COVERAGE AND SPECIFIC STOP-LOSS COVERAGE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Henry Cellmer Chairman | OfficerTrustee | 0.5 | $0 |
Mark Jones Treasurer | OfficerTrustee | 0.5 | $0 |
Kristin Lane Vice Chairman | OfficerTrustee | 0.5 | $0 |
Bradley Blotsky Secretary | OfficerTrustee | 0.5 | $0 |
Lindsey Nichols Plan Administrator | Officer | 4 | $0 |
Durant Thoen Trustee | Trustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Blue Cross Blue Shield Of Montana Claims Processing | 7/30/21 | $631,782 |
Junkermier Clark Campanella Stevens Cpa Trust Office, Hour Bank Administration, | 7/30/21 | $195,235 |
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 | $16,850,416 |
| Investment income | $384,434 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $361,167 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $18,062,513 |
| 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 | $15,237,600 |
| 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 | $13,867 |
| Fees for services: Accounting | $80,968 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,730 |
| Fees for services: Other | $91,850 |
| Advertising and promotion | $0 |
| Office expenses | $9,976 |
| Information technology | $560 |
| Royalties | $0 |
| Occupancy | $924 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $25,683 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $8,300 |
| All other expenses | $11,808 |
| Total functional expenses | $16,560,677 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $16,898,662 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,529,329 |
| 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 | $49,025 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $5,014,047 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $23,491,063 |
| Accounts payable and accrued expenses | $301,946 |
| 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 | $1,440,287 |
| Total liabilities | $1,742,233 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $7,925,594 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $13,823,236 |
| Total liabilities and net assets/fund balances | $23,491,063 |
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|---|---|---|
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Idaho Power Company Voluntary Employees Beneficiary Association Boise, ID | $41,463,808 | $26,523,416 |
Retirees Welfare Trust Seattle, WA | $113,632,369 | $46,106,899 |
Oregon Laborers-Employers Health And Welfare Trust Fund Portland, OR | $48,314,268 | $38,454,767 |
Alaska Teamster-Employer Welfare Trust Anchorage, AK | $18,961,655 | $35,497,250 |
Agc-International Union Of Operating Engineers Seattle, WA | $75,938,944 | $31,529,799 |
Teamsters 206 Employers Trust Portland, OR | $49,828,794 | $33,002,069 |
Oregon-Washington Carpenters Employers Health And Welfare Fund Seattle, WA | $0 | $86,042,069 |
Sheet Metal Workers 100 Welfare Fund Portland, OR | $59,368,211 | $34,276,972 |
Washington Farm Bureau Health Care Tr Spokane, WA | $5,135,091 | $28,908,709 |
South Bay Hotel Employees Restaurant Employees Welfare Fund Seattle, WA | $47,078,146 | $31,588,354 |