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Nonprofiteer
← CLYDE COMPANIES INC WELFARE BENEFITS TR

Form 990 for tax year 2023

Filed by CLYDE COMPANIES INC WELFARE BENEFITS TR.

Totals

Total revenue
$46,028,250
Total expenses
$45,484,228
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$46,028,250
Investment income
$0
Other revenue
$0
Total assets, end of year
$550,558
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$550,558
Program services expenses (Part IX)
$42,994,338
Management and general expenses
$2,489,890
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 94.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: Insurance premiums charged

    total $46,028,250 · excluded $46,028,250

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $42,994,338 · program services $42,994,338

  • 11g · Fees: other

    total $2,489,890 · management and general $2,489,890

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,001 · end of year $523,730

  • 9 · Prepaid expenses and deferred charges

    beginning of year $5,535 · end of year $26,828

  • 27 · Net assets without donor restrictions

    beginning of year $6,536 · end of year $550,558

Mission and programs · 2023

Mission

Voluntary employees' benefit association (VEBA) trust established for the employees of Clyde Companies, Inc. and its wholly-owned subsidiaries: W.W. Clyde & Co, Bridgesource, Geneva Rock Products Inc., GWC Captial, LLC, IHC Scott, Inc., Sunroc Corporation, Beehive Insurance Agency, Inc., and Sunpro Corporation.

Activities or mission (Part I)

Voluntary employees' benefit association (VEBA) trust established for the employees of Clyde Companies, Inc. and its wholly-owned subsidiaries: W.W. Clyde & Co, Bridgesource, Geneva Rock Products Inc., GWC Captial, LLC, IHC Scott, Inc., Sunroc Corporation, Beehive Insurance Agency, Inc. and Sunpro Corporation.

  • Providing health and welfare benefits for employees of Clyde Companies, Inc. and subsidiaries.

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Wilford Clyde

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Jeremy Hafen

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Ray Gammell

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • CA Larson

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Michael Clyde

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Harold Clyde

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Adam Cook

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Lance Clyde

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Jeffrey Clyde

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Michelle Hill

    Total Reward Dir.

    Total calculated
    $0
    Hours/week
    0

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • GWC Capital LLC

    Investment · UT

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • Clyde Companies Inc

    C · Investment · UT

  • WW Clyde & Co

    C · Constructi · UT

  • DDF Inc

    C · Constructi · UT

  • Interstate Highway Construction

    C · Constructi · UT

  • Bridgesource

    C · Constructi · UT

  • Geneva Rock Products Inc

    C · Constructi · UT

  • Scott Contracting Inc

    C · Constructi · UT

  • Sunroc Corporation

    C · Constructi · UT

  • Sunpro Corporation

    C · Constructi · UT

  • Beehive Insurance Agency Inc

    C · Insurance · UT

Provenance

Return type
form_990
Tax year
2023
Filed
31 October 2024
IRS schema version
2023v5.1
Source object
202423179349301022

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