Madison Area Construction Employees Trust
- Assets
- $14.1m
- Revenue
- $12.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Madison, WI
- Founding
- 03/1960
- Data as of
- 12/2020
- EIN
- 39-6046679
Organization Overview
Madison Area Construction Employees Trust is located in Madison, WI. The organization was established in 1960. According to its NTEE Classification (U42) the organization is classified as: Engineering, under the broad grouping of Science & Technology and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Madison Area Construction Employees Trust is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.
For the year ending 12/2020, Madison Area Construction Employees Trust generated $12.3m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.8% each year. All expenses for the organization totaled $9.8m during the year ending 12/2020. While expenses have increased by 1.9% per year over the past 6 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE REASONABLY COST EFFECTIVE GROUP HEALTH COVERAGE TO THE MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GROUP INSURANCE BENEFITS PAID TO MEMBER
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steve Breitlow Secretary-Treasurer | OfficerTrustee | 0.5 | $0 |
Paul Christensen Chairmain | OfficerTrustee | 0.5 | $0 |
Brent Williams Trustee | Trustee | 0.5 | $0 |
Bob Schaller Trustee | Trustee | 0.5 | $0 |
Spencer Statz Trustee | Trustee | 0.5 | $0 |
Joel Zielke Trustee | Trustee | 0.5 | $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 | $11,858,759 |
| Investment income | $278,339 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $185,122 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $12,322,220 |
| 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 | $7,730,417 |
| 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 | $381,657 |
| Fees for services: Legal | $40,429 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $86,633 |
| Fees for services: Other | $91,060 |
| Advertising and promotion | $0 |
| Office expenses | $29,915 |
| 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 | $1,718 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $6,605 |
| All other expenses | $20,522 |
| Total functional expenses | $9,820,820 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,389,252 |
| Savings and temporary cash investments | $543,723 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,387,253 |
| 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 | $109,107 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $10,668,652 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $14,097,987 |
| Accounts payable and accrued expenses | $137,449 |
| 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 | $8,809,068 |
| Total liabilities | $8,946,517 |
| 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 | $5,151,470 |
| Total liabilities and net assets/fund balances | $14,097,987 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Madison Area Construction Employees Trust Madison, WI | $14,097,987 | $12,322,220 |
Jensen Construction Company Group Trust Des Moines, IA | $0 | $5,222,518 |
American Federation Of Labor & Congress Of Industrial Orgs Detroit, MI | $3,884,943 | $3,487,738 |
Reilly Construction Employee Welfare Trust Ossian, IA | $251,550 | $2,905,228 |
Midwest Coalition Of Labor Credit Union Countryside, IL | $73,344,318 | $3,088,502 |
American Society Of Plumbing Engineers Rosemont, IL | $3,811,463 | $2,740,392 |
The Engineering Society Of Detroit Southfield, MI | $3,346,195 | $1,905,914 |
National Council Of Structural Engineers Associations Inc Chicago, IL | $1,329,006 | $1,648,844 |
Metal Construction Association Inc Chicago, IL | $2,390,316 | $1,785,067 |
Passive House Institute Us Inc Chicago, IL | $1,090,576 | $1,428,195 |
American Council Of Engineering Companies Of Illinois Springfield, IL | $1,287,769 | $753,746 |
American Council Of Engineering Companies Of Minnesota Minnetonka, MN | $862,353 | $918,853 |