Plumbers & Steamfitters H & W Trust Iowa State Bank Ttee
- Assets
- $75.9m
- Revenue
- $21.8m
- Investments
- $35.4m
- Employees
- 6
- Location
- Des Moines, IA
- Founding
- 07/1977
- Data as of
- 12/2021
- EIN
- 42-0930021
Organization Overview
Plumbers & Steamfitters H & W Trust Iowa State Bank Ttee is located in Des Moines, IA. The organization was established in 1977. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Education and related organizations. As of 12/2021, Plumbers & Steamfitters H & W Trust Iowa State Bank Ttee employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Plumbers & Steamfitters H & W Trust Iowa State Bank Ttee 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, Plumbers & Steamfitters H & W Trust Iowa State Bank Ttee generated $21.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.3% each year. All expenses for the organization totaled $18.5m during the year ending 12/2021. While expenses have increased by 4.6% 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
THE PLAN AND TRUST WERE ESTABLISHED TO PROVIDE MEDICAL, DENTAL, SHORT-TERM DISABILITY BENEFITS, PRESCRIPTIONS, AND DEATH BENEFITS TO COLLECTIVELY BARGAINED UNION PLUMBERS & STEAMFITTERS IN CENTRAL & NORTHERN IOWA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE HEALTH CARE BENEFITS TO QUALIFIED PARTICIPANTS AND DEPENDENTS IN THE CENTRAL AND NORTHERN IOWA PLUMBING INDUSTRY.
TO PROVIDE SHORT-TERM DISABILITY PAYMENTS TO QUALIFIED PARTICIPANTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Curt Baker Trustee, Sec | OfficerTrustee | 1 | $0 |
Andy Roberts Trustee, Cha | OfficerTrustee | 1 | $0 |
Tom Keck Trustee | Trustee | 1 | $0 |
Scot Stoltenberg Trustee | Trustee | 1 | $0 |
Brad Meyer Trustee | Trustee | 1 | $0 |
Grant Hjortshoj 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 | $19,828,170 |
| Investment income | $1,736,826 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$1,243 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $21,812,028 |
| 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 | $17,534,591 |
| 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 | $305,240 |
| Pension plan accruals and contributions | $119,290 |
| Other employee benefits | $74,389 |
| Payroll taxes | $23,679 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $72,809 |
| Fees for services: Accounting | $41,383 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $114,756 |
| Fees for services: Other | $32,869 |
| Advertising and promotion | $0 |
| Office expenses | $21,343 |
| Information technology | $91,613 |
| Royalties | $0 |
| Occupancy | $26,180 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $242 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $15,961 |
| Insurance | $15,971 |
| All other expenses | $8,499 |
| Total functional expenses | $18,544,642 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $206,853 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,534,532 |
| 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 | $96,738 |
| Net Land, buildings, and equipment | $74,346 |
| Investments—publicly traded securities | $37,556,939 |
| Investments—other securities | $35,424,970 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $75,894,378 |
| Accounts payable and accrued expenses | $139,113 |
| 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 | $32,553,836 |
| Total liabilities | $32,692,949 |
| Net assets without donor restrictions | $43,201,429 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $75,894,378 |
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