United Employees Benefit Trust
- Assets
- $55.1m
- Revenue
- $31.3m
- Investments
- $0.0
- Employees
- 5
- Location
- Tacoma, WA
- Founding
- 09/1965
- Data as of
- 12/2023
- EIN
- 91-6061910
Organization Overview
United Employees Benefit Trust is located in Tacoma, WA. The organization was established in 1965. According to its NTEE Classification (Y20) the organization is classified as: Insurance Providers, under the broad grouping of Mutual & Membership Benefit and related organizations. As of 12/2023, United Employees Benefit Trust employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. United Employees Benefit Trust is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.
For the year ending 12/2023, United Employees Benefit Trust generated $31.3m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 8.6% each year. All expenses for the organization totaled $28.3m during the year ending 12/2023. While expenses have increased by 10.2% 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
TO PROVIDE HEALTH AND SECURITY BENEFITS FOR MEMBERS EMPLOYEES
Describe the Organization's Program Activity:
Part 3 - Line 4a
CREATED, ESTABLISHED, AND MAINTAINED FOR THE PURPOSE OF PROVIDING HEALTH AND SECURITY BENEFITS FOR MEMBERS EMPLOYEES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Salinas Chairman | OfficerTrustee | 1 | $0 |
Norm Lemay Secretary | OfficerTrustee | 1 | $0 |
Rebecca Stealey Trustee | Trustee | 1 | $0 |
Eric Wyant Trustee | Trustee | 1 | $0 |
Nick Lansdale Trustee | Trustee | 1 | $0 |
Michael Gonzales Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Innovative Care Management Case Management | 12/30/23 | $196,228 |
Washington Capital Mgt Inc Investment Services | 12/30/23 | $103,632 |
Bridgeway Benefit Technologies Technology Support | 12/30/23 | $137,752 |
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 | $30,194,778 |
| Investment income | $1,223,117 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$77,469 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $31,340,426 |
| 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 | $27,104,699 |
| Compensation of current officers, directors, key employees. | $168,829 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $266,093 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $106,000 |
| Payroll taxes | $36,051 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $29,100 |
| Fees for services: Accounting | $35,928 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $152,193 |
| Fees for services: Other | $62,508 |
| Advertising and promotion | $0 |
| Office expenses | $94,108 |
| Information technology | $55,086 |
| Royalties | $0 |
| Occupancy | $163,063 |
| Travel | $2,135 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $18,106 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,860 |
| Insurance | $19,689 |
| All other expenses | $19,406 |
| Total functional expenses | $28,338,854 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,973,268 |
| Savings and temporary cash investments | $392,179 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,368,044 |
| 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 | $15,053 |
| Net Land, buildings, and equipment | $46,646 |
| Investments—publicly traded securities | $47,321,581 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $55,116,771 |
| Accounts payable and accrued expenses | $162,326 |
| 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 | $4,068,199 |
| Total liabilities | $4,230,525 |
| 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 | $50,886,246 |
| Total liabilities and net assets/fund balances | $55,116,771 |