Ibew Western Utilities Health And Welfare Trust Fund
- Assets
- $43.2m
- Revenue
- $38.7m
- Investments
- $0.0
- Employees
- 0
- Location
- Pleasanton, CA
- Founding
- 07/1992
- Data as of
- 12/2021
- EIN
- 87-0496328
Organization Overview
Ibew Western Utilities Health And Welfare Trust Fund is located in Pleasanton, CA. The organization was established in 1992. According to its NTEE Classification (J40) the organization is classified as: Labor Unions, under the broad grouping of Employment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ibew Western Utilities Health And Welfare Trust Fund 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, Ibew Western Utilities Health And Welfare Trust Fund generated $38.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.6% each year. All expenses for the organization totaled $34.6m during the year ending 12/2021. 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 MEDICAL, DENTAL, AND LIFE INSURANCE BENEFITS TO PARTICIPANTS OF THE PLAN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PLAN PROVIDES MEDICAL, DENTAL, AND LIFE INSURANCE BENEFITS UNDER A COLLECTIVELY BARGAINED AGREEMENT BETWEEN IBEW LOCAL UNION 57 AND PACIFICORP DBA ROCKY MOUNTAIN POWER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Julie Lewis Chairperson | OfficerTrustee | 1 | $0 |
Marcy Grail Secretary | OfficerTrustee | 1 | $0 |
Calvin Ockey Trustee | Trustee | 1 | $0 |
Curtis Mansfield Trustee | Trustee | 1 | $0 |
Gary Cox Trustee | Trustee | 1 | $0 |
Kevin Owen Bus. Manager | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Benesys Administrator | 12/30/21 | $594,636 |
The Segal Company Consultant | 12/30/21 | $237,618 |
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 | $38,031,221 |
| Investment income | $585,082 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $96,070 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $38,712,373 |
| 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 | $33,431,480 |
| 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 | $594,636 |
| Fees for services: Legal | $20,719 |
| Fees for services: Accounting | $16,154 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $39,996 |
| Fees for services: Other | $341,031 |
| Advertising and promotion | $0 |
| Office expenses | $135,045 |
| 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 | $1,889 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $23,502 |
| All other expenses | $0 |
| Total functional expenses | $34,622,542 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,670,240 |
| Savings and temporary cash investments | $4,236 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,153,024 |
| 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 | $22,327 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $39,309,114 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $43,158,941 |
| Accounts payable and accrued expenses | $284,914 |
| 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 | $8,266,909 |
| Total liabilities | $8,551,823 |
| Net assets without donor restrictions | $34,607,118 |
| 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 | $43,158,941 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
S E I U Uhw Local 2005 Oakland, CA | $84,720,726 | $115,747,893 |
Screen Actors Guild- American Federation Of Television And Radio Los Angeles, CA | $489,430,210 | $116,653,333 |
United Brotherhood Of Carpenters & Joiners Of America Los Angeles, CA | $343,008,964 | $113,955,046 |
Service Employees International Union Los Angeles, CA | $122,690,385 | $94,073,514 |
Service Employees International Union Los Angeles, CA | $37,940,292 | $71,749,846 |
International Union Of Operating Engineers Local 3 Alameda, CA | $96,789,606 | $67,758,955 |
Los Angeles County Professional Peace Officers Association San Dimas, CA | $7,676,247 | $51,684,882 |
United Teachers Los Angeles Los Angeles, CA | $51,917,660 | $49,880,266 |
Union Of California State Workers Sacramento, CA | $36,503,643 | $45,747,790 |
Service Employees International Union Oakland, CA | $59,492,320 | $48,330,532 |
United Brotherhood Of Carpenters & Joiners Of America Oakland, CA | $230,758,063 | $85,724,853 |
Directors Guild Of America Inc Los Angeles, CA | $101,897,715 | $40,881,424 |