Form 990 for tax year 2024
Filed by PUGET SOUND ELECTRICAL WORKERS HEALTHCARE TRUST FUND.
Totals
- Total revenue
- $138,058,976
- Total expenses
- $142,164,456
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $134,478,693
- Investment income
- $3,512,634
- Other revenue
- $67,649
- Total assets, end of year
- $54,080,888
- Total liabilities, end of year
- $60,577,356
- Net assets or fund balances, end of year
- -$6,496,468
- 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 $129,196,094 · related or exempt $129,196,094
-
2b · Program service revenue: EMPLOYEE CONTRIBUTIONS
total $5,282,599 · related or exempt $5,282,599
-
3 · Investment income
total $1,156,111 · excluded $1,156,111
-
7a · Gross sales of assets other than inventory
securities $72,001,177
-
7b · Less cost or other basis and sales expenses
securities $69,644,654
-
7c · Gain or loss
securities $2,356,523
-
7d · Net gain or loss
total $2,356,523 · excluded $2,356,523
-
11a · Other revenue: LEGAL FEES COLLECTED
total $49,658 · related or exempt $49,658
-
11b · Other revenue: OTHER REVENUE
total $14,426 · related or exempt $14,426
-
11c · Other revenue: LITIGATION INCOME
total $3,565 · related or exempt $3,565
-
11e · Other revenue, total
$67,649
Functional expenses
Part IX, the statement of functional expenses.
-
4 · Benefits paid to or for members
total $132,798,112
-
11a · Fees: management
total $1,054,267
-
11b · Fees: legal
total $195,411
-
11c · Fees: accounting
total $241,242
-
11f · Fees: investment management
total $86,115
-
11g · Fees: other
total $7,464,192
-
13 · Office expenses
total $252,387
-
14 · Information technology
total $6,167
-
19 · Conferences, conventions and meetings
total $19,279
-
23 · Insurance
total $47,284
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,257,458 · end of year $4,447,783
-
4 · Accounts receivable
beginning of year $16,821,294 · end of year $16,524,572
-
9 · Prepaid expenses and deferred charges
beginning of year $42,400 · end of year $41,797
-
11 · Investments: publicly traded securities
beginning of year $46,487,970 · end of year $33,066,736
-
17 · Accounts payable and accrued expenses
beginning of year $290,358 · end of year $359,241
-
19 · Deferred revenue
beginning of year $1,071,400 · end of year $1,584,360
-
25 · Other liabilities
beginning of year $65,186,983 · end of year $58,633,755
-
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 -$1,939,619 · end of year -$6,496,468
Mission and programs · 2024
Mission
PROVIDED HEALTH AND VACATION BENEFITS TO ELIGIBLE PARTICIPANTS AND THEIR DEPENDENTS
Activities or mission (Part I)
PROVIDE HEALTH AND VACATION BENEFITS
-
PROVIDED HEALTH AND VACATION BENEFITS TO ELIGIBLE PARTICIPANTS AND THEIR DEPENDENTS AS SPECIFIED BY THE PLAN.
As filed on the 2024 return.
Listed in Part VII
-
Janet Lewis End 01012025JANET LEWIS END 01012025
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 1
-
Sean BagsbySEAN BAGSBY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Gillian Burlingham Start 08012024GILLIAN BURLINGHAM START 08012024
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 1
-
Barry Sherman End 01012025BARRY SHERMAN END 01012025
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Michael Broberg End 08012024MICHAEL BROBERG END 08012024
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Marv NelsonMARV NELSON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Jameson Schwetz Start 01012025JAMESON SCHWETZ START 01012025
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Lisa Kenyon Start 08012024LISA KENYON START 08012024
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Nicole Grant Start 08012024NICOLE GRANT START 08012024
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
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.
-
PUGET SOUND ELECTRICAL WORKERS 401(K) SAVINGS PLAN
501(A) · PROVIDE PENSION BENEFITS FOR ELIGIBLE EMPLOYEES · WA
-
PUGET SOUND ELECTRICAL WORKERS PENSION PLAN
501(A) · PROVIDE PENSION BENEFITS FOR ELIGIBLE EMPLOYEES · WA
-
INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL 46
501(C)(5) · SPONSORING LOCAL · WA
-
501(C)(6) · SPONSORING ASSOCIATION · WA
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 27 May 2026
- IRS schema version
- 2024v5.5
- Source object
- 202631489349300543
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