Utah-Idaho Teamsters Security Fund
- Assets
- $68.8m
- Revenue
- $59.7m
- Investments
- $0.0
- Employees
- 187
- Location
- Phoenix, AZ
- Founding
- 03/1958
- Data as of
- 04/2023
- EIN
- 87-6122720
Organization Overview
Utah-Idaho Teamsters Security Fund is located in Phoenix, AZ. The organization was established in 1958. 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. As of 04/2023, Utah-Idaho Teamsters Security Fund employed 187 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Utah-Idaho Teamsters Security Fund is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.
For the year ending 04/2023, Utah-Idaho Teamsters Security Fund generated $59.7m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.7% each year. All expenses for the organization totaled $57.6m during the year ending 04/2023. While expenses have increased by 4.9% 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
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dave Anderson Employer Trustee | Trustee | 1 | $0 |
Tom Cannon Employer Trustee | Trustee | 1 | $0 |
Tim Dietz Employer Trustee | Trustee | 1 | $0 |
Chris Rowland Employer Trustee | Trustee | 1 | $0 |
Veronica Terpening Employer Trustee | Trustee | 1 | $0 |
Spencer Hogue Union Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Southwest Service Administrators I Contract Admin. | 4/29/23 | $987,753 |
Cigna Admin Support Svcs | 4/29/23 | $861,107 |
Morgan Stanley Investment Services | 4/29/23 | $129,919 |
Miller Kaplan Arase Llp Audit & Accounting | 4/29/23 | $146,930 |
Segal Consulting Consulting | 4/29/23 | $189,002 |
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 | $59,295,397 |
| Investment income | $927,243 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$571,430 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $59,651,210 |
| 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 | $54,605,452 |
| 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 | $992,801 |
| Fees for services: Legal | $32,020 |
| Fees for services: Accounting | $123,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $145,731 |
| Fees for services: Other | $1,393,144 |
| Advertising and promotion | $0 |
| Office expenses | $174,492 |
| 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 | $10,519 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $17,639 |
| All other expenses | $0 |
| Total functional expenses | $57,587,945 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $158,160 |
| Savings and temporary cash investments | $1,426,291 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $7,630,236 |
| 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 | $59,623,340 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $68,838,027 |
| Accounts payable and accrued expenses | $190,513 |
| 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 | $190,513 |
| 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 | $68,647,514 |
| Total liabilities and net assets/fund balances | $68,838,027 |