Northwest Insulation Workers Welfare Trust
- Assets
- $27.2m
- Revenue
- $9.7m
- Investments
- $0.0
- Employees
- 1
- Location
- Seattle, WA
- Founding
- 04/1957
- Data as of
- 06/2021
- EIN
- 91-6035786
Organization Overview
Northwest Insulation Workers Welfare Trust is located in Seattle, WA. The organization was established in 1957. According to its NTEE Classification (C20) the organization is classified as: Pollution Abatement & Control, under the broad grouping of Environment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Northwest Insulation Workers Welfare Trust is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.
For the year ending 06/2021, Northwest Insulation Workers Welfare Trust generated $9.7m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.0% each year. All expenses for the organization totaled $7.3m during the year ending 06/2021. 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 HEALTH & WELFARE BENEFITS TO ELIGIBLE PARTICIPANTS OF THE PLAN
Describe the Organization's Program Activity:
Part 3 - Line 4a
DISBURSEMENTS USED TO PROVIDE HEALTH & WELFARE BENEFITS TO QUALIFIED PARTICIPANTS AS SPECIFIED IN THE PLAN.
DISBURSEMENTS USED TO PROVIDE HEALTH & WELFARE BENEFITS TO QUALIFIED PARTICIPANTS AS SPECIFIED IN THE PLAN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rian Davis Chairman | OfficerTrustee | 1 | $0 |
Todd Mitchell Secretary | OfficerTrustee | 1 | $0 |
Monty Anderson Trustee | Trustee | 1 | $0 |
Britt Freel Trustee | Trustee | 1 | $0 |
Rory Homes Trustee | Trustee | 1 | $0 |
John Hernandez Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Welfare & Pension Admin Services Administration | 6/29/21 | $211,611 |
Aetna Ppo Network Fee | 6/29/21 | $170,412 |
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 | $8,393,101 |
| Investment income | $537,056 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $613,511 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,687,519 |
| 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 | $6,697,314 |
| 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 | $0 |
| Fees for services: Legal | $14,724 |
| Fees for services: Accounting | $17,515 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $63,345 |
| Fees for services: Other | $450,417 |
| Advertising and promotion | $0 |
| Office expenses | $19,905 |
| 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 | $1,415 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $7,325 |
| All other expenses | $0 |
| Total functional expenses | $7,271,960 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,797,615 |
| Savings and temporary cash investments | $532,609 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,432,106 |
| 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 | $23,421,723 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $27,184,053 |
| Accounts payable and accrued expenses | $115,812 |
| 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 | $3,602,980 |
| Total liabilities | $3,718,792 |
| 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 | $23,465,261 |
| Total liabilities and net assets/fund balances | $27,184,053 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bonneville Environmental Foundation Portland, OR | $37,270,230 | $22,287,565 |
Alaska Chadux Corporation Inc Anchorage, AK | $7,772,338 | $9,900,987 |
Oregon Climate Trust Portland, OR | $32,274,539 | $14,712,148 |
Northwest Insulation Workers Welfare Trust Seattle, WA | $27,184,053 | $9,687,519 |
Marine Exchange Of Alaska Inc Juneau, AK | $8,383,589 | $4,462,683 |
Ertv Compliance Group Seattle, WA | $560,337 | $3,284,269 |
Sustainable Connections Bellingham, WA | $2,209,817 | $2,419,426 |
Clean Rivers Cooperative Portland, OR | $2,572,221 | $1,809,816 |
Unkitawa Des Moines, WA | $2,689,083 | $3,912,982 |
International Association Of Heat & Frost Insulators & Allied Workers Tukwila, WA | $5,022,485 | $2,260,416 |
International Association Of Heat & Frost Insulators & Allied Workers Clackamas, OR | $4,834,511 | $2,322,086 |
Environmental Coalition Of South Seattle Seattle, WA | $1,779,546 | $1,552,155 |