Pacificorp Union Employees Welfare Benefits Trust is located in Portland, OR. The organization was established in 1996. 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.
For the year ending 12/2019, Pacificorp Union Employees Welfare Benefits Trust generated $18.5m in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (0.2%) each year. All expenses for the organization totaled $10.2m during the year ending 12/2019. As we would expect to see with falling revenues, expenses have declined by (14.9%) per year over the past 5 years. 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
2019
Describe the Organization's Mission:
Part 3 - Line 1
THIS VEBA PROVIDES POST RETIREMENT MEDICAL BENEFITS FOR ELIGIBLE BARGAINING RETIREES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BENEFITS PAID TO MEMBERS
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
Investment income | $4,389,595 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $11,732,087 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $18,520,323 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic individuals. | $0 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $9,322,084 |
Compensation of current officers, directors, key employees. | $71,372 |
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 | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $0 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $640,382 |
Fees for services: Other | $0 |
Advertising and promotion | $0 |
Office expenses | $0 |
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 | $0 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $0 |
Insurance | $0 |
All other expenses | $0 |
Total functional expenses | $10,191,442 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $17,428 |
Savings and temporary cash investments | $7,065,807 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $390,200 |
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 | $0 |
Investments—publicly traded securities | $224,585,034 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $232,058,469 |
Accounts payable and accrued expenses | $0 |
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 | $0 |
Total liabilities | $0 |
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 | $232,058,469 |
Total liabilities and net assets/fund balances | $232,058,469 |
Organization Name | Assets | Revenue |
---|---|---|
Law Enforcement Officers & Fire Fighters Health And Welfare Trust Spokane, WA | $18,075,236 | $53,979,177 |
Northwest Iron Workers Health & Security Trust Mercer Island, WA | $55,581,290 | $52,045,025 |
Fujitsu Group Health Benefit Plan Tr San Diego, CA | $1,338,724 | $42,663,191 |
Operating Engineers Vacation- Holiday Savings Trust Pasadena, CA | $40,527,625 | $45,682,869 |
Joint Benefit Trust Dublin, CA | $41,768,062 | $51,789,927 |
Electrical Workers Health & Welfare Trust Fund Pleasanton, CA | $64,630,931 | $49,470,338 |
Southern California Pipe Trades Vacation And Holiday Fund Los Angeles, CA | $23,249,950 | $42,478,943 |
Boilermaker Vacation Trust Castro Valley, CA | $19,328,194 | $27,163,935 |
Bay Area Automotive Group Welfare Fund Dublin, CA | $21,304,283 | $43,725,551 |
Retail Clerks Trust Fka United Food And Commercial Workers Welfare Tru Spokane, WA | $29,971,596 | $44,106,368 |
Teamster Sanitation Industry Tr Fund glendale, CA | $2,959,709 | $41,029,115 |
San Diego Electrical Health & Welfare Trust San Diego, CA | $36,989,883 | $39,553,655 |