PAINTERS TRUST: Form 990, tax year 2010
View the entire original 990 at ProPublica ↗
- Organization
- PAINTERS TRUST (EIN 91-0597991)
- Tax period
- 2010-08-01 to 2011-07-31
- Filed
- 2012-05-14
- IRS object ID
- 201231359349303328
- Schema version
- 2010v3.4
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2012-05-14T12:58:56-05:00 | Timestamp |
| Tax Period End Date | 2011-07-31 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SCHOEDEL & SCHOEDEL CPAS PLLC | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 422 W RIVERSIDE AVE STE 1420 | AddressLine1 |
| City | SPOKANE | City |
| State | WA | State |
| ZIP Code | 992010395 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2010-08-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 910597991 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Employee Painters' Trust | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | PAIN | NameControl |
| Phone | 2062824100 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 201 Queen Anne Avenue North No 100 | AddressLine1 |
| City | Seattle | City |
| State | WA | State |
| ZIP Code | 98109 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | Mike Ball Stacey Grund | Name |
| Title | Co-Chairs | Title |
| Phone | 2062824100 | Phone |
| Date Signed | 2012-05-14 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | SCOTT OPPERUD CPA | Name |
| Phone | 5097472158 | Phone |
| Date Prepared | 2012-05-08 | DatePrepared |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2010 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | Mike Ball Stacey Grund | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 201 Queen Anne Avenue North No 100 | AddressLine1 |
| City | Seattle | City |
| State | WA | State |
| ZIP Code | 98109 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 112644913 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c | X | Organization501c |
| Web Site | N/A | WebSite |
| Type Of Organization Trust | X | TypeOfOrganizationTrust |
| Year Formation | 1952 | YearFormation |
| State Legal Domicile | WA | StateLegalDomicile |
| Activity Or Mission Description | To provide health and welfare benefits pursuant to a collective bargaining agreement between delegates of union locals of the Brotherhood of Painters, Decorators and Paperhangers of America and participating employers. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 9 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 9 | NbrIndependentVotingMembers |
| Total Nbr Employees | 0 | TotalNbrEmployees |
| Total Nbr Volunteers | 0 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 0 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 0 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 0 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 43087375 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 38709795 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 3915806 | InvestmentIncomePriorYear |
| Investment Income Current Year | 3919560 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 460574 | OtherRevenuePriorYear |
| Other Revenue Current Year | 1005775 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 47463755 | TotalRevenuePriorYear |
| Total Revenue Current Year | 43635130 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 0 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 0 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 51008839 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 46486546 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 0 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 0 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 0 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 3304005 | OtherExpensePriorYear |
| Other Expenses Current Year | 3489230 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 54312844 | TotalExpensesPriorYear |
| Total Expenses Current Year | 49975776 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | -6849089 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | -6340646 | RevenuesLessExpensesCY |
| Total Assets BOY | 86038387 | TotalAssetsBOY |
| Total Assets EOY | 77852019 | TotalAssetsEOY |
| Total Liabilities BOY | 7770497 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 6749374 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 78267890 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 71102645 | NetAssetsOrFundBalancesEOY |
| Info In Schedule O Part III | X | InfoInScheduleOPartIII |
| Mission Description | The Trust provides health and welfare benefits to qualified employees of participating employers in the painting, drywall, floor covering, glassworkers, glaziers and sign painters/paint maker industries that are required to contribute as a result of a collective bargaining agreements or a special agreement with the Board of Trustees. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Description | The Trust provides health and welfare benefits pursuant to collective bargaining and special agreements between various employers and the Trust. | Description |
| Described In501 C3 | 0 | DescribedIn501C3 |
| Schedule B Required | 0 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 0 | CollectionsOfArt |
| Credit Counseling | 0 | CreditCounseling |
| Term Or Permanent Endowments | 0 | TermOrPermanentEndowments |
| Report Land Bldg Equip | 0 | ReportLandBldgEquip |
| Report Invest Oth Securities | 0 | ReportInvestOthSecurities |
| Report Prog Rel Invest | 0 | ReportProgRelInvest |
| Report Other Assets | 0 | ReportOtherAssets |
| Report Other Liabilities | 1 | ReportOtherLiabilities |
| Report Fin48 Footnote | 0 | ReportFin48Footnote |
| Independent Audit Financial Stmt | 1 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 0 | ConsolidatedAuditFinancialStmt |
| School | 0 | School |
| Foreign Office | 0 | ForeignOffice |
| Foreign Activities | 0 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 0 | ProfessionalFundraising |
| Fundraising Activities | 0 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 0 | GrantsToOrganizations |
| Grants To Individuals | 0 | GrantsToIndividuals |
| Schedule J Required | 0 | ScheduleJRequired |
| Tax Exempt Bonds | 0 | TaxExemptBonds |
| Loan To Officer Or DQP | 0 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 0 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 0 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 1 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 0 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 0 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 0 | DisregardedEntity |
| Related Entity | 0 | RelatedEntity |
| Related Org Controlled Entity | 0 | RelatedOrgControlledEntity |
| Transaction Related Entity | 0 | TransactionRelatedEntity |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 0 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Number Of Employees | 0 | NumberOfEmployees |
| Unrelated Business Income | 0 | UnrelatedBusinessIncome |
| Foreign Financial Account | 0 | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Indoor Tanning Services | 0 | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 9 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 9 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 1 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 1 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 0 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 0 | MembersOrStockholders |
| Election Of Board Members | 1 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 0 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 1 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 0 | LocalChapters |
| Form990 Provided To Governing Body | 1 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 1 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 1 | RegularMonitoringEnforcement |
| Whistleblower Policy | 0 | WhistleblowerPolicy |
| Document Retention Policy | 1 | DocumentRetentionPolicy |
| Compensation Process CEO | 0 | CompensationProcessCEO |
| Compensation Process Other | 0 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Zenith American Solutions | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 2062824100 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 201 Queen Avenue North Suite 100 | AddressLine1 |
| City | Seattle | City |
| State | WA | State |
| ZIP Code | 98109 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| No Listed Persons Compensated | X | NoListedPersonsCompensated |
Form990 Part VII Section A Form990PartVIISectionA (12 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | OfficerOfficer | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation |
|---|---|---|---|---|---|---|
| Nancy Gudmundson | ||||||
| Co-Chairman (Employer) | 1.00 | X | X | 0 | 0 | 0 |
| Stacey Grund | ||||||
| Employer Trustee | 1.00 | X | 0 | 0 | 0 | |
| Mike Guza | ||||||
| Employer Trustee | 1.00 | X | 0 | 0 | 0 | |
| Bob Puzas | ||||||
| Employer Trustee | 1.00 | X | 0 | 0 | 0 | |
| Tim Bendokas | ||||||
| Employer Trustee | 1.00 | X | 0 | 0 | 0 | |
| Mike Ball | ||||||
| Co-Chairman (Union) | 1.00 | X | X | 0 | 0 | 0 |
| Denis Sullivan | ||||||
| Union Trustee | 1.00 | X | 0 | 0 | 0 | |
| Tim Carrier | ||||||
| Union Trustee | 1.00 | X | 0 | 0 | 0 | |
| Todd Koch | ||||||
| Union Trustee | 1.00 | X | 0 | 0 | 0 | |
| Bud Bartunek | ||||||
| Union Trustee | 1.00 | X | 0 | 0 | 0 | |
| John Smirk | ||||||
| Union Trustee | 1.00 | X | 0 | 0 | 0 | |
| Tom Pfundstein | ||||||
| Employer Trustee | 1.00 | X | 0 | 0 | 0 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 0 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 0 | TotalOtherCompensation |
| Number Individuals GT100 K | 0 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 0 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (5 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| Zenith American Solutions | |||||
| 18861 90th Avenue Suite A | Mokena | IL | 60448 | Contracted administrator | 1298833 |
| Ekman Bohrer & Thulin PS | |||||
| 220 W Mercer Suite 400 | Seattle | WA | 98119 | Attorney on retainer, collections | 262927 |
| Innovative Care Management | |||||
| PO Box 22346 | Portland | OR | 97269 | Utilization review, and medical review | 229186 |
| Lindquist CPAs LLP | |||||
| 5000 Executive Parkway Suite 400 | San Ramon | CA | 94583 | Payroll auditor | 187882 |
| Christensen James & Martin | |||||
| 7440 W Sahara Ave | Las Vegas | NV | 89117 | Collection attorney | 162516 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 5 | NumberOfContractorsGT100K |
Program Service Revenue ProgramServiceRevenue (2 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|---|
| Employer contributions | 525100 | 37814639 | 37814639 |
| Participant contributi | 525100 | 895156 | 895156 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 38709795 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 3410467 | TotalRevenueColumn |
| Exclusion | $3,410,467 | ExclusionAmount |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 69518876 | Securities |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 69009783 | Securities |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 509093 | Securities |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 509093 | TotalRevenueColumn |
| Exclusion | $509,093 | ExclusionAmount |
Other Revenue Misc OtherRevenueMisc (3 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|---|
| COBRA Subsidies | 525100 | 784563 | 784563 |
| Payroll audit related | 525100 | 211407 | 211407 |
| Miscellaneous income | 525100 | 9805 | 9805 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 1005775 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 43635130 | TotalRevenueColumn |
| Related Or Exempt Function Income | 39715570 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $3,919,560 | ExclusionAmount |
Benefits To Members BenefitsToMembers
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 46486546 | Total |
Fees For Services Management FeesForServicesManagement
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1298833 | Total |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 471913 | Total |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 253256 | Total |
Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 232121 | Total |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 888988 | Total |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 211696 | Total |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 54085 | Total |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 34970 | Total |
Other Expenses OtherExpenses (2 entries)
| DescriptionDescription | TotalTotal |
|---|---|
| Bank fees | 39308 |
| Dues | 4060 |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 49975776 | Total |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | 969919 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 301976 | BOY |
| EOY | 984601 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4891741 | BOY |
| EOY | 4218970 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 14138 | BOY |
| EOY | 21290 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 79211525 | BOY |
| EOY | 70369777 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1619007 | BOY |
| EOY | 1287462 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 86038387 | BOY |
| EOY | 77852019 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 125178 | BOY |
| EOY | 77260 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 7645319 | BOY |
| EOY | 6672114 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 7770497 | BOY |
| EOY | 6749374 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Do Not Follow SFAS117 | X | DoNotFollowSFAS117 |
Cap Stck Trst Prin Current Funds CapStckTrstPrinCurrentFunds
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Paid In Cap Srpls Land Bldg Eqp Fund PaidInCapSrplsLandBldgEqpFund
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Retained Earnings Endowment Etc RetainedEarningsEndowmentEtc
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 78267890 | BOY |
| EOY | 71102645 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 78267890 | BOY |
| EOY | 71102645 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 86038387 | BOY |
| EOY | 77852019 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | -6340646 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | -824599 | ReconcilationOtherChanges |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
| Audit Committee | 0 | AuditCommittee |
| Financial Statement Separate | X | FinancialStatementSeparate |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequired |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 0 | TotalOfBookValueLandBuildings |
Other Liabilities OtherLiabilities (3 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| Premiums due insurers | $35,114 |
| Benefits claims payable | $1,200,000 |
| Claims incurred but not reported | $5,437,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 6672114 | TotalOfAmounts |
| Total Revenue | 43635130 | TotalRevenue |
| Total Expenses | 49975776 | TotalExpenses |
| Excess Or Deficit For Year | -6340646 | ExcessOrDeficitForYear |
| Net Unrealized GL On Investments | -824599 | NetUnrealizedGLOnInvestments |
| Total Adjustments | -824599 | TotalAdjustments |
| Excess Or Deficit Per FS | -7165245 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 42578410 | TotRevenueEtcAuditedFinclStmt |
| Net Unrealized Gains Investments | -824599 | NetUnrealizedGainsInvestments |
| Revenue Not Rptd F990 | -824599 | RevenueNotRptdF990 |
| Revenue Subtotal | 43403009 | RevenueSubtotal |
| Investment Expenses Not Included | 232121 | InvestmentExpensesNotIncluded |
| Revenue Not Rptd On Fin Stmt | 232121 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 43635130 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 49743655 | TotExpensesEtcAuditedFinclStmt |
| Expenses Not Rptd F990 | 0 | ExpensesNotRptdF990 |
| Expenses Subtotal | 49743655 | ExpensesSubtotal |
| Investment Expenses Not Included2 | 232121 | InvestmentExpensesNotIncluded2 |
| Expenses Not Rptd On Fin Stmt | 232121 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 49975776 | TotalExpensesPerForm990 |
Schedule L IRS990ScheduleL
Form990 Schedule L Part IV Form990ScheduleLPartIV (15 entries)
| RelationshipRelationship | Amount Of TransactionAmountOfTransaction | Description Of TransactionDescriptionOfTransaction | Sharing Of RevenuesSharingOfRevenues |
|---|---|---|---|
| Nancy Gudmundson | |||
| Trustee | 260013 | Nancy Gudmundson is both a trustee of this trust and employee of Gudmundson company, a participating employer contributing to this trust. During the year ended July 31, 2011, contributions to this trust from Gudmundson Company totaled $260,013. | 0 |
| Tom Pfundstein | |||
| Trustee | 45941 | Tom Pfundstein is both a trustee of this trust and employee of PDCA (in Henderson, Nevada), a participating employer contributing to this trust. during the year ended July 31, 2011, contributions from PDCA totaled $45,941. | 0 |
| Mike Guza | |||
| Trustee | 6955 | Mike Guza is both a trustee of this trust and employee of Rainbow Painting Company (in Montana), a participating employer contributing to this trust. During the year ended July 31, 2011, contributions from Rainbow Painting Company totaled $6,955. | 0 |
| Bob Puzas | |||
| Trustee | 93704 | Bob Puzas is both a trustee of this trust and employee of Rainbow Painting Company (in Oregon), a participating employer contributing to this trust. During the year ended July 31, 2011, contributions from Rainbow Painting Company totaled $93,704. | 0 |
| Mike Ball | |||
| Trustee | 333304 | Mike Ball is both a trustee of this trust and an employee of IUPAT District Council #5 - Seattle, a participating employer contributing to this trust. During the year ended July 31, 2011, contributions to this trust from IUPAT District Council #5 totaled $333,304. | 0 |
| Mike Ball | |||
| Trustee | 32100 | Mike Ball is both a trustee of this trust and a trustee of Painters Apprenticeship Trust. The Painters Apprenticeship Trust is a participating employer contributing to this trust. During the year ended July 31, 2011, contributions to this trust from the Training Fund totaled $32,100. | 0 |
| Mike Ball | |||
| Trustee | 104883 | Mike Ball is both a trustee of this trust and a trustee of the Western Washington apprentice & Traing Trust (Training Trust), a participating employer contibuting to this trust. During the year ended July 31, 2011, contributions to this trust from the Training Trust totaled $104,883. | 0 |
| Denis Sullivan | |||
| Trustee | 32100 | Denis Sullivan is both a trustee of this trust and a trustee of the Painters Apprenticeship Trust. The Painters Apprenticeship Trust is a participating employer contributing to this trust. During the year ended July 31, 2011, contributions to this trust from the Training Fund totaled $32,100. | 0 |
| Denis Sullivan | |||
| Trustee | 104883 | Denis Sullivan is both a trustee of this trust and a trustee of the Western Washington apprentice & Traing Trust (Training Trust), a participating employer contibuting to this trust. During the year ended July 31, 2011, contributions to this trust from the Training Trust totaled $104,883. | 0 |
| Tim Carrier | |||
| Trustee | 333304 | Tim Carrier is both a trustee of this trust and an employee of IUPAT District Council #5 - Portland, a participating employer contributing to this trust. During the year ended July 31, 2011, contributions to this trust from IUPAT District Council #5 totaled $333,304. | 0 |
| Todd Koch | |||
| Trustee | 10323 | odd Koch is both a trustee of this trust and an employee of IUPAT Local #567, a participating employer contributing to this trust. During the year ended July 31, 2011, contibutions to this trust from IUPAT Local #567 totaled $10,323. | 0 |
| John Smirk | |||
| Trustee | 149056 | John Smirk is both a trustee of this trust and and employee of IUPAT Local #159, a participating employer contributing to this trust. During the year ended July 31, 2011, contributions to this trust from IUPAT Local #159 totaled $149,056. | 0 |
| Stacey Grund | |||
| Trustee | 347967 | Stacey Grund is both a trustee of this trust and and employee of Grund & Company a participating employer contributing to this trust. During the year ended July 31, 2011, contributions to this trust from Grund & Company totaled $347,967. | 0 |
| Stacey Grund | |||
| Trustee | 13607 | Stacey Grund is both a trustee of this trust and and employee of Tatley-Grund, Inc., a participating employer contributing to this trust. During the year ended July 31, 2011, contributions to this trust from Tatley-Grund, Inc.totaled $13,607. | 0 |
| Bud Bartunek | |||
| Trustee | 333304 | Bud Bartunek is both a trustee of this trust and an employee of IUPAT District Council #5 - Portland, a participating employer contributing to this trust. During the year ended July 31, 2011, contributions to this trust from IUPAT District Council #5 totaled $333,304. | 0 |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (8 entries)
| IdentifierIdentifier | ExplanationExplanation | Return ReferenceReturnReference |
|---|---|---|
| Form 990, Part VI, Section A, line 2 | Mike Ball, Denis Sullivan and Tim Carrier are all trustees of this trust and employees of International Union of Painters and Allied Trades District Council #5, a participating employer of this trust. Mike Ball and Denis Sullivan are also trustees of this trust and trustees of Painters Apprenticeship Trust and Western Washington Apprenticeship & Training Trust, participating employers of this trust. | |
| Form 990, Part VI, Section A, line 3 | The Trust has contracted with a third-party administrator (Zenith American Solutions) to provide bookkeeping and administrative services. | |
| Form 990, Part VI, Section A, line 7a | The trust is administered by a ten-member Board of Trustees. Individual trustee positions are filled and removed by the appointing authorites described below. Union trustees: District Council #5 of the the Internation Union of Painters and Allied Trades (IUPAT) has the appointing and removal authority, according to it internal rules, procedures or practices, over three union trustee positions. Painters Union Local No. 159 of the IUPAT has similar authority over one union trustee position. Together, these four union trustee postitions have the appointing and removal authority over the one at-large union trustee position. Employer Trustees: Western Washington Signatory Painting employers have the appointing and removal authority over two employer trustee postions. The signatory Painting Contractors of Oregon have similar authority over one employer trustee position. Together, these three employer trustee positions have the appointing and removal authority over the two at-large employer trustee positions. Each trustee consents to and accepts his/her appointment as a trustee in writing. | |
| Form 990, Part VI, Section B, line 11 | The Form 990 was prepared by the independent accounting firm SCHOEDEL & SCHOEDEL, Certified Public Accountants, PLLC from information provided by the third-party administrator and other consultants and advisors. Draft copies of the Trust's financial statements and Form 990 were first provided to the Trust's consultants and advisors, who reviewed the Form 990 for accuracy and completeness. Any questions, concerns or issues raised by the consultants and advisors were addressed and any necessary revisions were made to the Form 990. The revised Form 990 was then provided to the Board of Trustees for its review and approval. Any additional questions, concerns or issues raised by the Board of Trustees were addressed and any necessary revisions were made to the Form 990. The final version of the Form 990 was reviewed, approved and filed by the Board of Trustees. | |
| A copy of the Trust's Conflict of Interest Policy has been distributed to each Trustee. At a designated board meeting, at least annually, the Board of Trustees reviews the policy. Further, any interested party who has knowledge of any transaction that may arguably be restricted pursuant to the policy, is under a continuing obligation to disclose such information to the Board of Trustees at the earliest opportunity. the Board of Trustees will document such information and investigate. Documentation will include a description of the issue, pertinent facts, circumstances and inquiries, as well as conclusions reached by the Board of Trustees and related actions taken by the Board of Trustees. If the Board of Trustees determines that a conflict exists between the Trust and a Trustee, the Trustee will be pronibited from discussions, votes or attempts to influence the issue or decision that is impacted. | Form 990, Part VI, Section B, line 12c | |
| There are no compensated management officials, officers or key employees of the organization. If the organization had such compensated individuals, policies and procedures would be developed to determine compensation. | ||
| The Trust's governing documents, conflict of interest policy, financial statements and Form 990 is available to the general public upon written request sent to Zenith American Solutions at: 201 Queen Avenue North, Suite 100, Seattle, WA 98109. | Form 990, Part VI, Section C, line 19 | |
| Changes in Net Assets or Fund Balances: | Net unrealized losses on investments: -824,599. | Form 990, Part XI, line 5: |