Evergreen Security Trust
- Assets
- $515.1k
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Mukilteo, WA
- Founding
- 12/1977
- Data as of
- 12/2021
- EIN
- 91-0630779
Organization Overview
Evergreen Security Trust is located in Mukilteo, WA. The organization was established in 1977. 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. Evergreen Security Trust is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.
For the year ending 12/2021, Evergreen Security Trust generated $1.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 15.3% each year . All expenses for the organization totaled $1.3m during the year ending 12/2021. While expenses have increased by 16.3% 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
TO PROVIDE HIGH QUALITY, AFFORDABLE EMPLOYEE BENEFITS PROGRAMS TO PARTICIPATING TRUST EMPLOYERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED DENTAL, VISION, LIFE INSURANCE, AND AD&D BENEFITS FOR ELIGIBLE PARTICIPANTS.
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PDF Copies of 990 Filings
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Diamartino Associates Inc Consultant And Broke | 12/30/14 | $1,017,854 |
Ekman Bohrer & Thulin Ps Legal | 12/30/14 | $179,665 |
Lifemap Assurance Broker | 12/30/14 | $181,028 |
Benefit Solutions Inc Contract Administrat | 12/30/14 | $611,024 |
Hub International Broker | 12/30/14 | $115,539 |
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 | $1,325,531 |
| Investment income | $17,484 |
| 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 | $1,343,015 |
| 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 | $1,172,422 |
| Compensation of current officers, directors, key employees. | $12,000 |
| 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 | $12,000 |
| Fees for services: Legal | $199 |
| Fees for services: Accounting | $14,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $82,363 |
| Advertising and promotion | $0 |
| Office expenses | $3,720 |
| 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 | $9,166 |
| All other expenses | $0 |
| Total functional expenses | $1,305,870 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $197,898 |
| Savings and temporary cash investments | $25,940 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $19,640 |
| 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 | $271,588 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $515,066 |
| Accounts payable and accrued expenses | $2,541 |
| 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 | $15,058 |
| Total liabilities | $17,599 |
| 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 | $497,467 |
| Total liabilities and net assets/fund balances | $515,066 |
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|---|---|---|
Washington Automotive Industry Association Health Trust Mukilteo, WA | $1,691,162 | $19,762,426 |
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Western States Local Union Trust Fund Of The Office Employees Inter Portland, OR | $17,918,695 | $19,537,932 |
Northwest Marine Trade Association Health Trust Bellevue, WA | $1,604,208 | $18,588,448 |
Alaska Laborers Construction Industry Health & Security Fund Seattle, WA | $30,372,862 | $20,313,426 |
Boise Fire & Police Tr Mukilteo, WA | $26,253,264 | $19,793,161 |
Cement Masons And Plasterers Health And Welfare Trust Seattle, WA | $34,182,132 | $22,523,981 |
State Of Indiana Health Reimbursement Arrangement Hra Spokane, WA | $344,630,068 | $23,046,860 |
Washington Alliance For Healthcare Insurance Trust Mukilteo, WA | $2,793,878 | $15,858,943 |
Pipe Trades Trust Spokane, WA | $23,491,063 | $18,062,513 |
Associated Employers Tr - Commercial Construction Spokane, WA | $980,681 | $16,528,039 |
Idaho Agc Self-Funded Benefit Tr Boise, ID | $6,885,647 | $14,916,501 |