Inlandboatmens Union Of The Pacific National Health & Welfare Trust is located in Seattle, WA. The organization was established in 1988. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, under the broad grouping of Health Care and related organizations. As of 12/2021, Inlandboatmens Union Of The Pacific National Health & Welfare Trust employed 37 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Inlandboatmens Union Of The Pacific National Health & 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 12/2021, Inlandboatmens Union Of The Pacific National Health & Welfare Trust generated $31.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.3% each year. All expenses for the organization totaled $26.5m during the year ending 12/2021. While expenses have increased by 0.4% 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 HEALTH AND WELFARE BENEFITS TO QUALIFIED PARTICIPANTS
Describe the Organization's Program Activity:
Part 3 - Line 4a
DISBURSEMENTS NEEDED TO PROVIDE HEALTH AND WELFARE BENEFITS TO ELIGIBLE PARTICIPANTS AS SPECIFIED IN THE PLAN.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Lee Egland Co-Chair | OfficerTrustee | 0.5 | $0 |
Jay Ubelhart Co-Chair | OfficerTrustee | 0.5 | $0 |
Michael Anderson Trustee | Trustee | 0.5 | $0 |
Matt Hainley Trustee | Trustee | 0.5 | $0 |
Brian Dodge Trustee | Trustee | 0.5 | $0 |
Mike O'connor Trustee | Trustee | 0.5 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Benesys Inc Administration | 12/30/21 | $726,731 |
Ferguson Wellman Capital Management Investment Manager | 12/30/21 | $127,761 |
Premera Blue Cross Claims Administration | 12/30/21 | $355,199 |
Milliman Consulting | 12/30/21 | $103,085 |
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 | $29,506,929 |
Investment income | $929,377 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $1,252,454 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $31,711,005 |
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 | $24,843,048 |
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 | $1,190,152 |
Fees for services: Legal | $20,815 |
Fees for services: Accounting | $51,235 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $127,761 |
Fees for services: Other | $96,119 |
Advertising and promotion | $0 |
Office expenses | $32,743 |
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 | $1,042 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $0 |
Insurance | $27,272 |
All other expenses | $65,455 |
Total functional expenses | $26,455,642 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $5,058,664 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $4,591,593 |
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 | $63,306 |
Net Land, buildings, and equipment | $0 |
Investments—publicly traded securities | $41,496,581 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $51,210,144 |
Accounts payable and accrued expenses | $542,909 |
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 | $10,546,034 |
Total liabilities | $11,088,943 |
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 | $40,121,201 |
Total liabilities and net assets/fund balances | $51,210,144 |
Organization Name | Assets | Revenue |
---|---|---|
Service Employees Health And Welfare Trust Seattle, WA | $47,657,399 | $43,804,686 |
Greater Fairbanks Community Hospital Foundation Inc Fairbanks, AK | $517,877,782 | $49,411,110 |
Sheet Metal Workers 16 Health And Welfare Fund Portland, OR | $48,597,003 | $31,256,825 |
Inlandboatmens Union Of The Pacific National Health & Welfare Trust Seattle, WA | $51,210,144 | $31,711,005 |
Machinists Health And Welfare Trust Fund Seattle, WA | $52,643,086 | $28,345,807 |
Hilltop Regional Health Center Tacoma, WA | $0 | $26,653,011 |
Covenant Physician Partners Inc Renton, WA | $20,551,600 | $16,901,042 |
Eba-Pge-Ibew Local Union 125 Health & Welfare Trust Tukwila, WA | $8,917,739 | $18,022,514 |
Providence St Vincent Medical Foundation Portland, OR | $302,625,014 | $42,114,354 |
Overlake Hospital Foundation Bellevue, WA | $26,396,715 | $13,671,276 |
Providence Portland Medical Foundation Portland, OR | $219,001,384 | $22,077,699 |
Alaska Carpenters Health & Welfare Trust Fund Seattle, WA | $29,936,146 | $14,215,183 |