Cement Masons-Employers Trust
- Assets
- $9.0m
- Revenue
- $9.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Portland, OR
- Founding
- 01/1960
- Data as of
- 12/2021
- EIN
- 93-6023044
Organization Overview
Cement Masons-Employers Trust is located in Portland, OR. The organization was established in 1960. According to its NTEE Classification (Y42) the organization is classified as: Domestic Fraternal Societies, 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. Cement Masons-Employers 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, Cement Masons-Employers Trust generated $9.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.9% each year. All expenses for the organization totaled $9.0m during the year ending 12/2021. While expenses have increased by 3.5% 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, WELFARE, AND VACATION BENEFITS TO PARTICIPANTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CEMENT MASONS-EMPLOYERS HEALTH, WELFARE & VACATION TRUST PROVIDED MEDICAL, DENTAL, VISION, LIFE INSURANCE, ACCIDENTAL DEATH & DISMEMBERMENT, VACATION, AND SHORT TERM DISABILITY COVERAGE TO ITS PARTICIPANTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Geoff Kossak Chairman | Officer | 1 | $0 |
Greg Whitaker Secretary | Officer | 1 | $0 |
Steve Jones Trustee | Trustee | 1 | $0 |
Craig Smith Trustee | Trustee | 1 | $0 |
Noah Jones Trustee | Trustee | 1 | $0 |
Trevor Wyckoff Trustee | Trustee | 1 | $0 |
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 | $8,099,351 |
| Investment income | $110,204 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $299,343 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,268,256 |
| 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 | $8,519,210 |
| 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 | $15,440 |
| Fees for services: Accounting | $57,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $22,787 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $21,429 |
| 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 | $10,823 |
| All other expenses | $0 |
| Total functional expenses | $8,968,789 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,312,551 |
| Savings and temporary cash investments | $215,917 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $685,132 |
| 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 | $9,895 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $6,396,674 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $353,108 |
| Total assets | $8,973,277 |
| Accounts payable and accrued expenses | $195,071 |
| Grants payable | $0 |
| Deferred revenue | $1,110,475 |
| 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 | $10,030,847 |
| Total liabilities | $11,336,393 |
| 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 | -$2,363,116 |
| Total liabilities and net assets/fund balances | $8,973,277 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Eleven Counties Cement Masons Vacation Savings Plan Arcadia, CA | $5,589,566 | $20,011,615 |
Masonry Security Plan Of Washington Seattle, WA | $19,664,941 | $9,507,794 |
Cement Masons-Employers Trust Portland, OR | $8,973,277 | $9,268,256 |
Free & Accepted Masons Of California San Francisco, CA | $37,945,101 | $7,936,426 |
California Masonic Foundation San Francisco, CA | $48,503,177 | $4,696,928 |
Monrovia Masonic Building Corporation San Francisco, CA | $0 | $3,382,664 |
California Masonic Memorial Temple San Francisco, CA | $13,072,948 | $2,605,361 |
Endowment Fund Of The Grand Chap Of Calif Order Of The Eastern Star Yorba Linda, CA | $35,878,012 | $2,185,848 |
Free & Accepted Masons Of Washington University Place, WA | $52,533,084 | $2,171,392 |
Grand Chapter Of California Order Of The Eastern Star Yorba Linda, CA | $25,727,228 | $1,078,567 |
Masonry Institute Of America Torrance, CA | $541,141 | $646,576 |
Fraternal Order Of Eagles Buckley, WA | $1,388,432 | $777,549 |