Alaska Teamster-Employer Welfare Trust
- Assets
- $22.6m
- Revenue
- $36.4m
- Investments
- $0.0
- Employees
- 0
- Location
- Anchorage, AK
- Founding
- 12/1955
- Data as of
- 06/2022
- EIN
- 91-6034674
Organization Overview
Alaska Teamster-Employer Welfare Trust is located in Anchorage, AK. The organization was established in 1955. 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. Alaska Teamster-Employer Welfare Trust is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.
For the year ending 06/2022, Alaska Teamster-Employer Welfare Trust generated $36.4m 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 $30.3m during the year ending 06/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE HEALTH AND WELFARE BENEFITS TO APPROXIMATELY 1,731 ELIGIBLE PARTICIPANTS COVERED UNDER COLLECTIVE BARGAINING AGREEMENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE HEALTH AND WELFARE BENEFITS TO APPROXIMATELY 1,600 ELIGIBLE PARTICIPANTS COVERED UNDER COLLECTIVE BARGAINING AGREEMENTS BETWEEN THE UNION AND THEIR EMPLOYERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gary Dixon Chairman | OfficerTrustee | 5 | $0 |
Bal Dreyfus Trustee | Trustee | 5 | $0 |
Jace Digel Trustee | Trustee | 5 | $0 |
Derek Musto Trustee | Trustee | 5 | $0 |
Eileen Whitmer Trustee | Trustee | 5 | $0 |
Scott Depaepe Co-Chairman | OfficerTrustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Amwins Rx Medical & Health Care Payments | 6/29/22 | $2,665,799 |
Beacon Occ Health & Safety Services In Medical & Health Care Payments | 6/29/22 | $367,276 |
Aetna Inc Medical & Health Care Payments | 6/29/22 | $392,736 |
Paydhealth Llc Medical & Health Care Payments | 6/29/22 | $293,011 |
Alaska Vision Services Inc Medical & Health Care Payments | 6/29/22 | $189,010 |
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 | $35,618,280 |
| Investment income | $237,147 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $397,756 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $36,447,584 |
| 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 | $27,983,861 |
| 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 | $1,927,170 |
| Fees for services: Legal | $23,855 |
| Fees for services: Accounting | $77,978 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $50,630 |
| Fees for services: Other | $135,467 |
| Advertising and promotion | $0 |
| Office expenses | $50,582 |
| 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 | $13,976 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $17,706 |
| All other expenses | $0 |
| Total functional expenses | $30,291,181 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,363,743 |
| Savings and temporary cash investments | $436,636 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,892,377 |
| 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 | $23,380 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $12,548,435 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,365,355 |
| Total assets | $22,629,926 |
| Accounts payable and accrued expenses | $668,678 |
| 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 | $10,564,891 |
| Total liabilities | $11,233,569 |
| 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 | $11,396,357 |
| Total liabilities and net assets/fund balances | $22,629,926 |