Skip to content
Nonprofiteer
← PIPE TRADES TRUST

Form 990 for tax year 2024

Filed by PIPE TRADES TRUST.

Totals

Total revenue
$23,858,785
Total expenses
$24,128,788
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$22,589,946
Investment income
$1,263,640
Other revenue
$5,199
Total assets, end of year
$28,753,860
Total liabilities, end of year
$2,664,503
Net assets or fund balances, end of year
$26,089,357
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

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: EMPLOYER CONTRIBUTIONS

    total $20,162,945 · related or exempt $20,162,945

  • 2b · Program service revenue: RECIPROCITY AGREEMENTS

    total $1,605,807 · related or exempt $1,605,807

  • 2c · Program service revenue: EMPLOYEE CONTRIBUTIONS

    total $821,194 · related or exempt $821,194

  • 3 · Investment income

    total $970,451 · excluded $970,451

  • 7a · Gross sales of assets other than inventory

    securities $11,414,203

  • 7b · Less cost or other basis and sales expenses

    securities $11,121,014

  • 7c · Gain or loss

    securities $293,189

  • 7d · Net gain or loss

    total $293,189 · excluded $293,189

  • 11a · Other revenue: LIQUIDATED DAMAGES

    total $5,199 · related or exempt $5,199

  • 11e · Other revenue, total

    $5,199

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $18,269,394

  • 11a · Fees: management

    total $1,344,714

  • 11b · Fees: legal

    total $21,609

  • 11c · Fees: accounting

    total $94,812

  • 11g · Fees: other

    total $109,375

  • 13 · Office expenses

    total $35,298

  • 17 · Travel

    total $34,506

  • 23 · Insurance

    total $11,285

  • 24a · Other expenses: RECIPROCITY AGREEMENTS

    total $3,754,122

  • 24b · Other expenses: CLAIMS RELATED EXPENSES

    total $444,248

  • 24c · Other expenses: ACA FEES

    total $7,300

  • 24d · Other expenses: INTERNATIONAL FOUNDATIO

    total $2,125

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $71,688 · end of year $70,000

  • 2 · Savings and temporary cash investments

    beginning of year $4,098,557 · end of year $2,295,924

  • 4 · Accounts receivable

    beginning of year $2,468,085 · end of year $2,790,189

  • 9 · Prepaid expenses and deferred charges

    beginning of year $24,930 · end of year $53,065

  • 11 · Investments: publicly traded securities

    beginning of year $21,684,930 · end of year $23,544,682

  • 17 · Accounts payable and accrued expenses

    beginning of year $69,976 · end of year $60,776

  • 25 · Other liabilities

    beginning of year $2,078,985 · end of year $2,603,727

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $26,199,229 · end of year $26,089,357

Mission and programs · 2024

Mission

TO PROVIDE MEDICAL, DENTAL, VISION, DEATH AND DISABILITY BENEFITS TO COLLECTIVELY BARGAINED EMPLOYEES.

Activities or mission (Part I)

TO PROVIDE HEALTH AND WELFARE BENEFITS TO UNION MEMBERS (ERISA TRUST).

  • INCOME USED TO PROVIDE HEALTH AND WELFARE BENEFITS TO ELIGIBLE PARTICIPANTS AS SPECIFIED IN THE PLAN

As filed on the 2024 return.

Listed in Part VII

  • Clint McCulloch

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    0.5

  • Andy Mickelson

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    0.5

  • Randy Nelson

    TREASURER

    Total calculated
    $0
    Hours/week
    0.5

  • Chris Schaff

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.5

  • Duane Johanning

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Durant Thoen

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Jerome Johnson

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Scott Dickinson

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Kade Lienemann

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Brandon Shaw

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Quinton Queer

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Don Halverson Sr

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Don Halverson Jr

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • John Bukovatz

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Mark Jones

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Caleb Staub

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Amy Lockmer

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Stan Stevens

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Angela Galle

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Jaime Quello

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Kristen Showalter

    PLAN ADMINISTRATOR

    Total calculated
    $0
    Hours/week
    4

  • David Kimmet

    PLAN ADMINISTRATOR

    Total calculated
    $0
    Hours/week
    4

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.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2024
Filed
10 June 2026
IRS schema version
2024v5.5
Source object
202641629349301774

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.