Painters Trust
- Assets
- $121.1m
- Revenue
- $84.1m
- Investments
- $0.0
- Employees
- 1
- Location
- Tukwila, WA
- Founding
- 06/1954
- Data as of
- 07/2021
- EIN
- 91-0597991
Organization Overview
Painters Trust is located in Tukwila, WA. The organization was established in 1954. 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. Painters 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, Painters Trust generated $84.1m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.9% each year. All expenses for the organization totaled $79.3m during the year ending 07/2021. While expenses have increased by 4.7% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE PLAN IS MULTIEMPLOYER HEALTH AND WELFARE PLAN DESIGNED TO PROVIDE BENEFITS FOR ELIGIBLE PARTICIPANTS AND BENEFICIARIES AS SPECIFIED IN THE PLAN DOCUMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PLAN IS MULTIEMPLOYER HEALTH AND WELFARE PLAN DESIGNED TO PROVIDE BENEFITS FOR ELIGIBLE PARTICIPANTS AND BENEFICIARIES AS SPECIFIED IN THE PLAN DOCUMENT.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Melissa Kollman Executive Di | Officer | 40 | $78,612 |
Stacey Grund Co-Chairman | Trustee | 1 | $0 |
Steve Malcom Employer Tru | Trustee | 1 | $0 |
Jeremy Gibson Employer Tru | Trustee | 1 | $0 |
Jonathan Holca Employer Tru | Trustee | 1 | $0 |
Harold Daly Employer Tru | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Aetna Claims Administ | 7/30/20 | $1,765,038 |
Christensen James & Martin Attorney | 7/30/20 | $252,247 |
The Urban Law Firm Attorney | 7/30/20 | $225,581 |
Benesys Administrator | 7/30/20 | $1,522,911 |
Innovative Care Management Utilization Rev | 7/30/20 | $478,851 |
Aetna Claims Administ | 7/30/20 | $1,765,038 |
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 | $77,967,749 |
| Investment income | $2,157,544 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $4,000,875 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $84,126,168 |
| 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 | $73,271,607 |
| 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 | $1,512,316 |
| Fees for services: Legal | $448,275 |
| Fees for services: Accounting | $298,711 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $203,753 |
| Fees for services: Other | $3,120,381 |
| Advertising and promotion | $0 |
| Office expenses | $316,081 |
| 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 | $7,134 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $18,467 |
| All other expenses | $0 |
| Total functional expenses | $79,286,584 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $17,585,163 |
| Savings and temporary cash investments | $144,269 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $9,579,988 |
| 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 | $1,989 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $93,770,615 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $121,082,024 |
| Accounts payable and accrued expenses | $743,009 |
| 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 | $47,671,679 |
| Total liabilities | $48,414,688 |
| 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 | $72,667,336 |
| Total liabilities and net assets/fund balances | $121,082,024 |
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|---|---|---|
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Seiu Healthcare Nw Health Benefits Trust Seattle, WA | $374,711,079 | $290,802,827 |
Oregon Teamster Employers Trust Portland, OR | $186,860,594 | $221,871,166 |
Asea-Afscme Local 52 Health Benefits Trust Spokane, WA | $292,530,544 | $187,703,443 |
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Harrison Electrical Workers Trust Fund Portland, OR | $391,095,863 | $175,936,301 |
Ufcw Local 555 Employers Health Trust Tualatin, OR | $151,793,952 | $133,117,759 |
Public Education Health Trust Anchorage, AK | $55,144,732 | $143,518,522 |
Puget Sound Electrical Workers Healthcare Trust Fund Seattle, WA | $90,774,829 | $127,353,041 |
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