Masonry Welfare Trust

Organization Overview

Masonry Welfare Trust is located in Portland, OR. The organization was established in 1957. 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. Masonry 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 12/2022, Masonry Welfare Trust generated $9.4m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.8% each year. All expenses for the organization totaled $10.1m during the year ending 12/2022. While expenses have increased by 1.7% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

TO PROVIDE HEALTH, LIFE, DISABILITY, AND VACATION BENEFITS FOR PARTICIPANTS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE TRUST ADMINISTERED THE MASONRY WELFARE PLAN AND THEREBY PROVIDED HEALTH, LIFE, DISABILITY, AND VACATION BENEFITS FOR ELIGIBLE PARTICIPANTS.


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Board, Officers & Key Employees

Name (title)Compensation
Dustin Bradford
Trustee
$0
Nathan Storey
Trustee
$0
John Carlson
Trustee
$0
Emily Eaton
Trustee
$0
Matteo Russo
Trustee
$0
Keith Wright
Trustee
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Bradley Middleton
Legal Services
$129,790
Masonry Industry Trust Admin
Administration
$369,225
View All Vendors

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$8,754,598
Investment income $155,899
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales -$20,091
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $9,376,409

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