Northern California Pipe Trades Health & Welfare Tr
- Assets
- $129.5m
- Revenue
- $90.5m
- Investments
- $0.0
- Employees
- 89
- Location
- concord, CA
- Founding
- 06/1994
- Data as of
- 06/2023
- EIN
- 94-3183274
Organization Overview
Northern California Pipe Trades Health & Welfare Tr is located in concord, CA. The organization was established in 1994. 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. As of 06/2023, Northern California Pipe Trades Health & Welfare Tr employed 89 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Northern California Pipe Trades Health & Welfare Tr is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.
For the year ending 06/2023, Northern California Pipe Trades Health & Welfare Tr generated $90.5m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.1% each year. All expenses for the organization totaled $82.7m during the year ending 06/2023. While expenses have increased by 6.0% 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 WELFARE BENEFITS TO ELIGIBLE PARTICIPANTS IN THIS MULTIEMPLOYER PLAN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED HEALTH AND WELFARE BENEFITS TO ELIGIBLE PARTICIPANTS IN THIS MULTIEMPLOYER PLAN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Don Silva Trustee | Trustee | 1 | $0 |
Chad Johnston Trustee | Trustee | 1 | $0 |
Michael Lescure Trustee | Trustee | 1 | $0 |
Robbie Nash Trustee | Trustee | 1 | $0 |
Leroy Ginn Trustee | Trustee | 1 | $0 |
Alex Hall Co-Chairman | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ua Local 342 Joint Management Coo Management & Ad | 6/29/23 | $1,588,758 |
Northwest Plan Services Actuary/consultant | 6/29/23 | $200,294 |
Northwest Investment Consulting In Investment Consultin | 6/29/23 | $249,670 |
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 | $86,671,436 |
| Investment income | $3,524,529 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $39,623 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $90,504,734 |
| 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 | $79,961,960 |
| 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 | $1,795,509 |
| Fees for services: Legal | $42,714 |
| Fees for services: Accounting | $34,874 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $118,325 |
| Fees for services: Other | $519,942 |
| Advertising and promotion | $0 |
| Office expenses | $114,202 |
| Information technology | $32,811 |
| 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 | $18,413 |
| All other expenses | $54,735 |
| Total functional expenses | $82,693,485 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $819,811 |
| Savings and temporary cash investments | $13,763,518 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $10,173,473 |
| 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 | $3,333 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $104,694,497 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $129,454,632 |
| Accounts payable and accrued expenses | $1,854,891 |
| Grants payable | $0 |
| Deferred revenue | $47,082 |
| 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 | $30,087,766 |
| Total liabilities | $31,989,739 |
| 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 | $97,464,893 |
| Total liabilities and net assets/fund balances | $129,454,632 |