Northwest I A M Benefit Trust: Nonprofit Profile, Financials & Form 990 (EIN 23-7013313)

Revenue by fiscal year
FY2020	$3.7M
FY2021	$3.5M
FY2022	$3.3M
FY2023	$2.9M
FY2024	$3.6M
FY2025	$3.6M

Expenses by fiscal year
FY2020	$2.4M
FY2021	$2.9M
FY2022	$2.9M
FY2023	$3.1M
FY2024	$2.9M
FY2025	$3.4M

Net assets by fiscal year
FY2020	$6.6M
FY2021	$7.2M
FY2022	$6.6M
FY2023	$7.1M
FY2024	$8.5M
FY2025	$9.0M

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Mar 1969.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Who runs it and what they're paid

6 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII

Robert Petroff

Chairman

$0Pt VII · Sec A

Russ Cole

Secretary

$0Pt VII · Sec A

Kierstin Cavner

Trustee

$0Pt VII · Sec A

Richard Kafer

Trustee

$0Pt VII · Sec A

Brandon Hemming

Trustee

$0Pt VII · Sec A

Tommy Hunt

Trustee

$0Pt VII · Sec A

See Northwest I A M Benefit Trust executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

Family or business ties among officersPt VI · Ln 2No
Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Northwest I A M Benefit Trust is a member-serving organization based in Seattle, WA, formed in 1967.

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Provided by the organization

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1 program · in their own filed words · FY2024

01

To provide dental benefits to qualified participants as specified in the plan.

Pt IX · col B

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

By the numbers

The FY2025 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$3.6M

Ln 12

Fees for servicesLn 2g$3.3M

Investment incomeLn 3$337K

Other incomeLn 4–11$208

Money outPt IX

$3.4M

Ln 25

Owns and owesPt X

$9.0M

net assets · Ln 32

Cash and savingsLn 1–2$600K

Total assetsLn 16$10.1M

LiabilitiesLn 26$1.1M

PeoplePt VI, VII

6

listed · VII A

PaidVII A0

Voting boardVI 1a6

IndependentVI 1b2

2In more detail

Revenue in detailPt VIII

Fees for servicesLn 2g$3.3M

Investment incomeLn 3$337K

Other incomeLn 4–11$208

Gains on assetsLn 7$97K

Total revenueLn 12$3.6M

Assets in detailPt X, end of year

CashLn 1$387K

SavingsLn 2$213K

Cash and savings togetherLn 1–2$600K

InvestmentsLn 11–13$9.1M

Total assetsLn 16$10.1M

LiabilitiesLn 26$1.1M

Net assetsLn 32$9.0M

OperationsPt I, VI

EmployeesI 50

VolunteersI 66

Fiscal year endsHeaderSeptember

Conflict-of-interest policyVI 12aNo

Whistleblower policyVI 13No

Records policyVI 14No

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY25	End FY25
Cash and savingsLn 1–2	$1.4M	$600K
InvestmentsLn 11–13	$7.8M	$9.1M
Total assetsLn 16	$9.6M	$10.1M
LiabilitiesLn 26	$1.1M	$1.1M
Net assetsLn 32	$8.5M	$9.0M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Benefits paid to or for membersLn 4	$2.8M
Management feesLn 11a	$319K
Legal feesLn 11b	$25K
Accounting feesLn 11c	$50K
Investment management feesLn 11f	$25K
Other fees for servicesLn 11g	$43K
Office expensesLn 13	$24K
TravelLn 17	$4K
Conferences, conventions and meetingsLn 19	$13K
InsuranceLn 23	$10K
Other expenses (24a–d)Ln 24	$11K
Total functional expensesLn 25	$3.4M

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 Latest Viewing	$3.6M	$3.4M	$246K	$9.0M	990 PDF
FY2024	$3.6M	$2.9M	$754K	$8.5M	990 PDF
FY2023	$2.9M	$3.1M	−$145K	$7.1M	990 PDF
FY2022	$3.3M	$2.9M	$392K	$6.6M	990 PDF
FY2021	$3.5M	$2.9M	$670K	$7.2M	990 PDF
FY2020	$3.7M	$2.4M	$1.3M	$6.6M	990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations

See the full FY2025 990 (6 parts)

Part I · Summary $3,612,892 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $0$0

I-9 Program service revenuePrior year $3,344,154$3,275,462

I-10 Investment incomePrior year $263,796$337,222

I-11 Other revenuePrior year $664$208

I-12 Total revenuePrior year $3,608,614$3,612,892

I-13 Grants and similar amounts paidPrior year $0$0

I-14 Benefits paid to membersPrior year $2,328,738$2,843,451

I-15 Salaries and benefitsPrior year $0$0

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $526,092$523,933

I-18 Total expensesPrior year $2,854,830$3,367,384

I-19 Revenue less expensesPrior year $753,784$245,508

Part VI · Governance 2 of 6 board members independent, 4 to look at

VI-1a Voting members of the governing body6

VI-1b Independent voting members2

VI-12a Written conflict of interest policyNo

VI-13 Written whistleblower policyNo

VI-14 Document retention and destruction policyNo

VI-15a Process for setting top official's payNo

VI-2 Family or business relationship among officers or directorsNo

Part VIII · Statement of revenue $3,612,892 across 5 lines filed

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $3,275,462$3,275,462

VIII-3 Investment incomeExcluded from tax $240,036$240,036

VIII-7 Net gain or loss on sales of assetsExcluded from tax $97,186$97,186

VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $208$208

VIII-12 Total revenueRelated to mission $3,275,462 · Unrelated business $0 · Excluded from tax $337,430$3,612,892

Part IX · Statement of functional expenses $3,367,384 across 11 lines filed

IX-4 Benefits paid to or for members$2,843,451

IX-11a Management fees$319,253

IX-11b Legal fees$25,428

IX-11c Accounting fees$50,262

IX-11f Investment management fees$24,785

IX-11g Other fees for services$42,708

IX-13 Office expenses$23,898

IX-17 Travel$4,092

IX-19 Conferences, conventions and meetings$12,645

IX-23 Insurance$10,338

IX-24 Other expenses (24a–d)$10,524

IX-25 Total functional expenses$3,367,384

Part X · Balance sheet $10,069,750 assets, 11 lines filed

X-1 Cash, non-interest-bearingStart of year $1,423,955$387,351

X-2 Savings and temporary cash investmentsStart of year $4,080$212,930

X-4 Accounts receivableStart of year $357,765$342,433

X-9 Prepaid expenses and deferred chargesStart of year $8,763$22,076

X-11 Publicly traded securitiesStart of year $7,795,310$9,104,960

X-16 Total assetsStart of year $9,589,873$10,069,750

X-17 Accounts payable and accrued expensesStart of year $32,001$72,613

X-25 Other liabilitiesStart of year $1,080,219$986,000

X-26 Total liabilitiesStart of year $1,112,220$1,058,613

X-32 Total net assets or fund balancesStart of year $8,477,653$9,011,137

X-33 Total liabilities and net assetsStart of year $9,589,873$10,069,750

Part XI · Reconciliation of net assets $9,011,137 net assets at year end

XI-1 Total revenue$3,612,892

XI-2 Total expenses$3,367,384

XI-3 Revenue less expenses$245,508

XI-4 Net assets at start of year$8,477,653

XI-5 Net unrealized gains (losses) on investments$287,976

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$9,011,137

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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Northwest I A M Benefit Trust

Before you give

Is it real?

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Questions for Northwest I A M Benefit Trust

Funders

Related Organizations

By the numbers

Filing history

Schedules filed Part IV