Printing Specialties & Paper Prod Jt Empl & Un Health & Welf Plan
- Assets
- $122.0m
- Revenue
- $59.8m
- Investments
- $0.0
- Employees
- 0
- Location
- Seattle, WA
- Founding
- 12/1957
- Data as of
- 01/2022
- EIN
- 95-6035137
Organization Overview
Printing Specialties & Paper Prod Jt Empl & Un Health & Welf Plan is located in Seattle, WA. The organization was established in 1957. 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. Printing Specialties & Paper Prod Jt Empl & Un Health & Welf Plan is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.
For the year ending 01/2022, Printing Specialties & Paper Prod Jt Empl & Un Health & Welf Plan generated $59.8m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.4%) each year. All expenses for the organization totaled $60.3m during the year ending 01/2022. 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
PROVIDE HEALTH AND WELFARE BENEFITS TO ELIGIBLE EMPLOYEES AND THEIR DEPENDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED HEALTH AND WELFARE BENEFITS TO ELIGIBLE PARTICIPANTS AND THEIR DEPENDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gayle Sparapani Trustee & Chair | Trustee | 1 | $0 |
Clark Ritchey Trustee | Trustee | 1 | $0 |
Thomas Sarnecki Trustee | Trustee | 1 | $0 |
Dan Cabada Trustee & Secretary | Trustee | 1 | $0 |
Melissa Hartfiel Trustee | Trustee | 1 | $0 |
Amanda Jordan Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Northwest Administrators Inc Contract Administrator | 1/30/22 | $713,662 |
Blue Shield Of California Claims Administrator | 1/30/22 | $247,697 |
Kraw Law Group Attorney | 1/30/22 | $179,941 |
Milliman Inc Accounting And Auditing | 1/30/22 | $208,175 |
Invesco Investment Management | 1/30/22 | $245,241 |
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 | $58,987,809 |
| Investment income | $1,455,532 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$679,747 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $59,763,594 |
| 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 | $58,262,282 |
| 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 | $763,975 |
| Fees for services: Legal | $179,064 |
| Fees for services: Accounting | $159,770 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $315,049 |
| Fees for services: Other | $493,047 |
| Advertising and promotion | $0 |
| Office expenses | $110,650 |
| 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 | $6,038 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $53,494 |
| All other expenses | $6,462 |
| Total functional expenses | $60,349,831 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $7,260,778 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $18,105,130 |
| 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 | $40,627 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $96,565,129 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $121,971,664 |
| Accounts payable and accrued expenses | $12,824,313 |
| 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 | $13,852,000 |
| Total liabilities | $26,676,313 |
| 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 | $95,295,351 |
| Total liabilities and net assets/fund balances | $121,971,664 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Business Health Tr Mukilteo, WA | $13,505,686 | $119,029,722 |
Northwest Laborers-Employers Health & Security Trust Fund Bothell, WA | $143,002,816 | $131,850,528 |
Teamsters Local Union 856 Health And Welfare Fund Seattle, WA | $65,927,125 | $107,400,546 |
San Francisco Culinary Bartenders & Service Employees Welfare Fund Seattle, WA | $67,749,672 | $85,873,278 |
Northwest Sheet Metal Workers Welfare Fund Spokane, WA | $157,951,543 | $110,931,256 |
Washington Software Alliance Employee Benefit Trust Mukilteo, WA | $4,181,005 | $81,165,857 |
Painters Trust Tukwila, WA | $121,082,024 | $84,126,168 |
Alaska Electrical Health And Welfare Fund Anchorage, AK | $44,499,503 | $77,262,763 |
Voluntary Employees Benefit Association Trust For Public Spokane, WA | $468,576,735 | $112,351,417 |
Seattle Area Plumbing & Pipefitting Bothell, WA | $65,745,423 | $72,961,849 |
Northwest Fire Fighters Benefits Trust Mukilteo, WA | $48,361,860 | $77,939,030 |
Northwest Iron Workers Health & Security Trust Mercer Island, WA | $63,843,277 | $56,682,209 |