Printing Specialties & Paper Prod Jt Empl & Un Health & Welf Plan
- Assets
- $109.2m
- Revenue
- $59.4m
- Investments
- $0.0
- Employees
- 0
- Location
- Seattle, WA
- Founding
- 12/1957
- Data as of
- 01/2023
- EIN
- 95-6035137
Organization Overview
Printing Specialties & Paper Prod Jt Empl & Un Health & Welf Plan is located in Seattle, WA. 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. Printing Specialties & Paper Prod Jt Empl & Un Health & Welf Plan is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.
For the year ending 01/2023, Printing Specialties & Paper Prod Jt Empl & Un Health & Welf Plan generated $59.4m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.5%) each year. All expenses for the organization totaled $57.5m during the year ending 01/2023. 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
PROVIDE HEALTH AND WELFARE BENEFITS TO ELIGIBLE EMPLOYEES AND THEIR DEPENDENTS IN A MULTIEMPLOYER PLAN
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED HEALTH AND WELFARE BENEFITS TO ELIGIBLE PARTICIPANTS AND THEIR DEPENDENTS IN A MULTIEMPLOYER PLAN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Clark Ritchey Trustee | Trustee | 1 | $0 |
Gayle Sparapani Trustee & Chair | Trustee | 1 | $0 |
Thomas Sarnecki Trustee | Trustee | 1 | $0 |
Dan Cabada Trustee & Secretary | Trustee | 1 | $0 |
Amanda Jordan Trustee | Trustee | 1 | $0 |
Mike Maddock Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Northwest Administrators Inc Contract Admin | 1/30/23 | $824,522 |
Invesco Invest. Mgmt. | 1/30/23 | $239,108 |
Kraw Law Group Attorney | 1/30/23 | $182,055 |
Milliman Inc Acctg & Auditing | 1/30/23 | $129,651 |
Withumsmithbrown Pc Auditing | 1/30/23 | $141,694 |
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 | $59,629,372 |
| Investment income | $2,417,264 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$2,662,703 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $59,383,933 |
| 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 | $55,291,765 |
| 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 | $806,570 |
| Fees for services: Legal | $184,178 |
| Fees for services: Accounting | $151,901 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $282,762 |
| Fees for services: Other | $527,970 |
| Advertising and promotion | $0 |
| Office expenses | $125,456 |
| 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 | $36,768 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $65,942 |
| All other expenses | $6,934 |
| Total functional expenses | $57,480,246 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $10,450,456 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,826,716 |
| 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 | $35,606 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $92,923,241 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $109,236,019 |
| Accounts payable and accrued expenses | $913,971 |
| 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 | $13,861,000 |
| Total liabilities | $14,774,971 |
| 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 | $94,461,048 |
| Total liabilities and net assets/fund balances | $109,236,019 |