Hagadone Employee Benefit Trust
- Assets
- $293.7k
- Revenue
- $6.7m
- Investments
- $0.0
- Employees
- 0
- Location
- Coeur Dalene, ID
- Founding
- 06/1981
- Data as of
- 12/2020
- EIN
- 82-0364378
Organization Overview
Hagadone Employee Benefit Trust is located in Coeur Dalene, ID. The organization was established in 1981. According to its NTEE Classification (Y20) the organization is classified as: Insurance Providers, 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. Hagadone Employee Benefit Trust is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.
For the year ending 12/2020, Hagadone Employee Benefit Trust generated $6.7m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.8% each year. All expenses for the organization totaled $6.9m during the year ending 12/2020. While expenses have increased by 2.8% per year over the past 6 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE HEALTH AND WELFARE BENEFITS FOR THE EMPLOYEES OF ITS SPONSORING COMPANY
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE HEALTH AND WELFARE BENEFITS FOR THE EMPLOYEES OF ITS SPONSORING COMPANY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Duane B Hagadone Trustee | Trustee | 0 | $0 |
Bradley H Hagadone Trustee | Trustee | 0 | $0 |
Montgomery L Garman Trustee | Trustee | 0 | $0 |
Sara Lapresta Trustee | Trustee | 0 | $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 | $6,679,701 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,679,723 |
| 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 | $5,214,925 |
| 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 | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| 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 | $1,316,185 |
| All other expenses | $0 |
| Total functional expenses | $6,949,210 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $293,742 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $293,742 |
| Accounts payable and accrued expenses | $355,893 |
| 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 | $0 |
| Total liabilities | $355,893 |
| 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 | -$62,151 |
| Total liabilities and net assets/fund balances | $293,742 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Oregon Processors Employees Trust Portland, OR | $10,788,893 | $16,907,062 |
Missoula County Comprehensive Medical Benefit Plan Missoula, MT | $8,563,363 | $14,318,121 |
Tang Industries Inc Employees Welfare Plan And Trust Las Vegas, NV | $109,080 | $13,704,582 |
San Diego City Employees Retiree Medical Trust Spokane, WA | $249,053,704 | $31,450,538 |
Washington Life And Disability Guaranty Association Shelton, WA | $17,623,213 | $10,170,457 |
Roofers-49 Welfare Fund Portland, OR | $18,594,666 | $10,766,232 |
Riverside Resort & Casino Emp Benefit Plan & Trust Laughlin, NV | $2,009,369 | $9,192,367 |
Washington Surveying & Rating Bureau Renton, WA | $7,711,093 | $10,036,683 |
Utah Automobile Dealers Association Insurance Trust Murray, UT | $2,618,814 | $8,161,346 |
Whitney Benefits Inc Sheridan, WY | $0 | $8,065,168 |
Paradigm Indemnity Corporation Corvallis, OR | $60,433,945 | $10,885,201 |
Hagadone Employee Benefit Trust Coeur Dalene, ID | $293,742 | $6,679,723 |