Phoenix Painting Industry Trust Fund
- Assets
- $8.7m
- Revenue
- $4.7m
- Investments
- $0.0
- Employees
- 0
- Location
- Phoenix, AZ
- Founding
- 11/1961
- Data as of
- 12/2021
- EIN
- 86-6051048
Organization Overview
Phoenix Painting Industry Trust Fund is located in Phoenix, AZ. The organization was established in 1961. According to its NTEE Classification (A40) the organization is classified as: Visual Arts, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Phoenix Painting Industry Trust Fund is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.
For the year ending 12/2021, Phoenix Painting Industry Trust Fund generated $4.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.4% each year. All expenses for the organization totaled $4.7m during the year ending 12/2021. While expenses have increased by 7.4% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
HEALTH & WELFARE BENEFIT PLAN
Describe the Organization's Program Activity:
Part 3 - Line 4a
PAYMENT OF GROUP HEALTH & VISION BENEFITS FOR APPROXIMATELY 476 ELIGIBLE COVERED EMPLOYEES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steve Bigelow Chairman | OfficerTrustee | 1 | $0 |
Michael N Lee Vice Chairman | OfficerTrustee | 1 | $0 |
Luis F Robles Bus Manager | Trustee | 1 | $0 |
Sammy Alvarez Trustee | Trustee | 1 | $0 |
Casey Cannon Trustee | Trustee | 1 | $0 |
Zach Farmer Trustee | Trustee | 1 | $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 | $4,328,878 |
| Investment income | $151,591 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $210,100 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,690,569 |
| 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 | $4,356,526 |
| 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 | $38,979 |
| Fees for services: Legal | $19,568 |
| Fees for services: Accounting | $9,447 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $12,587 |
| Fees for services: Other | $294,790 |
| Advertising and promotion | $0 |
| Office expenses | $1,992 |
| 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 | $989 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $5,035 |
| All other expenses | $0 |
| Total functional expenses | $4,747,509 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $604,045 |
| Savings and temporary cash investments | $277,447 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $332,057 |
| 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 | $93,622 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $7,438,278 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $8,745,449 |
| Accounts payable and accrued expenses | $52,427 |
| 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 | $2,311,775 |
| Total liabilities | $2,364,202 |
| 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 | $6,381,247 |
| Total liabilities and net assets/fund balances | $8,745,449 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Creative Visions Foundation Malibu, CA | $2,694,700 | $10,872,980 |
Glaziers Architectural Metal & Glass Workers Local Union 1399 Hea Covina, CA | $12,022,551 | $5,262,157 |
Phoenix Painting Industry Trust Fund Phoenix, AZ | $8,745,449 | $4,690,569 |
Social And Public Art Resource Center Venice, CA | $5,398,489 | $1,298,270 |
Redline Denver, CO | $19,188,382 | $2,483,556 |
National Council On Education For The Ceramic Arts Boulder, CO | $3,277,590 | $1,203,112 |
Cherry Creek Arts Festival Denver, CO | $2,617,133 | $1,539,850 |
Modern Quilt Guild Inc Los Angeles, CA | $471,322 | $1,206,669 |
Catchlight San Francisco, CA | $2,559,579 | $3,095,707 |
Self-Help Graphics And Arts Inc Los Angeles, CA | $7,358,688 | $2,282,621 |
California Anime Foundation Granada Hills, CA | $325,204 | $1,412,708 |
Bay Area Glass Institute Inc San Jose, CA | $1,447,752 | $1,103,523 |