Idaho Plumbers & Pipefitters Health & Welfare Agmt & Declaration Of Tr
- Assets
- $26.0m
- Revenue
- $11.9m
- Investments
- $0.0
- Employees
- 14
- Location
- Meridian, ID
- Founding
- 02/1972
- Data as of
- 05/2023
- EIN
- 82-6030679
Organization Overview
Idaho Plumbers & Pipefitters Health & Welfare Agmt & Declaration Of Tr is located in Meridian, ID. The organization was established in 1972. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, under the broad grouping of Health Care and related organizations. As of 05/2023, Idaho Plumbers & Pipefitters Health & Welfare Agmt & Declaration Of Tr employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Idaho Plumbers & Pipefitters Health & Welfare Agmt & Declaration Of Tr is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.
For the year ending 05/2023, Idaho Plumbers & Pipefitters Health & Welfare Agmt & Declaration Of Tr generated $11.9m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.2% each year. All expenses for the organization totaled $11.1m during the year ending 05/2023. While expenses have increased by 6.8% 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
TO PROVIDE H&W BENEFITS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE HEALTH AND WELFARE BENEFITS TO PARTICIPANTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William Magnuson Chairman | OfficerTrustee | 1 | $0 |
Mark Hosick Secretary | OfficerTrustee | 1 | $0 |
Melvin Cromwell Trustee | Trustee | 1 | $0 |
Dave Anderson Trustee | Trustee | 1 | $0 |
Nick Saunders Trustee | Trustee | 1 | $0 |
Teresa Paige Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Blue Cross Of Id Health Services Inc Claims Administration | 5/30/23 | $617,577 |
Benesys Administrator | 5/30/23 | $186,279 |
Milliman Actuary | 5/30/23 | $144,150 |
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 | $11,010,482 |
| Investment income | $747,741 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $96,464 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $11,854,687 |
| 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 | $9,772,721 |
| 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 | $951,183 |
| Fees for services: Legal | $114,868 |
| Fees for services: Accounting | $30,883 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,821 |
| Fees for services: Other | $207,030 |
| Advertising and promotion | $0 |
| Office expenses | $27,693 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $4,094 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $613 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $16,975 |
| All other expenses | $5,166 |
| Total functional expenses | $11,133,047 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,178,901 |
| Savings and temporary cash investments | $201,732 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,019,059 |
| 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 | $89,432 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $22,485,288 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $25,974,412 |
| Accounts payable and accrued expenses | $196,382 |
| 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 | $6,165,892 |
| Total liabilities | $6,362,274 |
| 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 | $19,612,138 |
| Total liabilities and net assets/fund balances | $25,974,412 |