Multi-Union Security Trust Fund FY2021 filing

Not tax-deductible

Pasadena, CAMutual-benefit / member-servingSince 1992EIN 93-1146155

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $345K a year · 2% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Cash reserves
1 mo
of spending, in cash
Fine: 1.2 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$227K
2% of total assets
Looks good: liabilities are 2% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$16.9M
-10% vs prior year
Spent
$15.9M
Net assets
$14.7M
By yearFY2020–FY2024
Revenue
$16.9M
FY2021▼ -10%
Revenue by fiscal year
FY2020$18.8M
FY2021$16.9M
FY2022$16.9M
FY2023$18.9M
FY2024$20.2M
Expenses
$15.9M
FY2021▼ -14%
Expenses by fiscal year
FY2020$18.5M
FY2021$15.9M
FY2022$16.5M
FY2023$18.9M
FY2024$20.2M
Net assets
$14.7M
FY2021▲ +5%
Net assets by fiscal year
FY2020$14.1M
FY2021$14.7M
FY2022$13.8M
FY2023$14.4M
FY2024$14.9M

From the FY2021 Form 990 · figures checked against the IRS filing · see the original

You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Dec 1994.

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

Who runs it and what they're paid

5 people listed on the 990.

Part VII, Section A · reportable compensation
Employer Trustee
$0Pt VII · Sec A
Union Trustee
$0Pt VII · Sec A
Union Trustee
$0Pt VII · Sec A
Union Trustee
$0Pt VII · Sec A
Employer Trustee
$0Pt VII · Sec A
See Multi-Union Security Trust Fund 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

Multi-Union Security Trust Fund is a member-serving organization based in Pasadena, CA, formed in 1992.

Provided by the organization

This section is blank until Multi-Union Security Trust Fund claims this page.

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1 program service, described in the organization's own filed words · FY2021.
01

See schedule o

Pt IX · col B

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By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$16.9M
Ln 12
Fees for servicesLn 2g$16.5M
Investment incomeLn 3$358K
Money outPt IX
$15.9M
Ln 25
Owns and owesPt X
$14.7M
net assets · Ln 32
Cash and savingsLn 1–2$1.5M
Total assetsLn 16$14.9M
LiabilitiesLn 26$227K
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$16.5M
Investment incomeLn 3$358K
Gains on assetsLn 7−$9K
Total revenueLn 12$16.9M
Assets in detailPt X, end of year
CashLn 1$1.1M
SavingsLn 2$420K
Cash and savings togetherLn 1–2$1.5M
InvestmentsLn 11–13$13.3M
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$0
Total assetsLn 16$14.9M
LiabilitiesLn 26$227K
Net assetsLn 32$14.7M
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$978K$1.5M
InvestmentsLn 11–13$13.4M$13.3M
Land, buildings, equipmentLn 10c$0$0
Total assetsLn 16$14.4M$14.9M
LiabilitiesLn 26$362K$227K
Net assetsLn 32$14.1M$14.7M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$15.2M
Pay of current officers, directors and key staffLn 5$0
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$0
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$0
Management feesLn 11a$253K
Legal feesLn 11b$88K
Accounting feesLn 11c$14K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$55K
Other fees for servicesLn 11g$179K
Advertising and promotionLn 12$0
Office expensesLn 13$11K
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$0
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$2K
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$0
InsuranceLn 23$11K
Other expenses (24a–d)Ln 24$18K
Total functional expensesLn 25$15.9M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $20.2M$20.2M$14K$14.9M 990 PDF
FY2023 $18.9M$18.9M$18K$14.4M 990 PDF
FY2022 $16.9M$16.5M$340K$13.8M 990 PDF
FY2021 Viewing $16.9M$15.9M$1.0M$14.7M 990 PDF
FY2020 $18.8M$18.5M$317K$14.1M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2021 990 (4 parts)
Part VIII · Statement of revenue $16,888,135 across 8 lines filed
VIII-1h Total contributions, gifts and grants$0
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $16,529,883$16,529,883
VIII-3 Investment incomeExcluded from tax $366,777$366,777
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$8,525−$8,525
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $16,529,883 · Excluded from tax $358,252$16,888,135
Part IX · Statement of functional expenses $15,851,642 across 30 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$15,220,950
IX-5 Pay of current officers, directors and key staff$0
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wages$0
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxes$0
IX-11a Management fees$252,645
IX-11b Legal fees$88,114
IX-11c Accounting fees$14,000
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$54,855
IX-11g Other fees for services$179,158
IX-12 Advertising and promotion$0
IX-13 Office expenses$10,880
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 Occupancy$0
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$1,712
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$0
IX-23 Insurance$11,328
IX-24 Other expenses (24a–d)$18,000
IX-25 Total functional expenses$15,851,642
Part X · Balance sheet $14,944,884 assets, 22 lines filed
X-1 Cash, non-interest-bearingStart of year $593,136$1,112,185
X-2 Savings and temporary cash investmentsStart of year $384,750$420,303
X-3 Pledges and grants receivableStart of year $0$0
X-4 Accounts receivableStart of year $58,841$77,055
X-8 Inventories for sale or useStart of year $0$0
X-9 Prepaid expenses and deferred chargesStart of year $12,311$12,103
X-10c Land, buildings and equipment, netStart of year $0$0
X-11 Publicly traded securitiesStart of year $13,389,917$13,323,238
X-12 Other securitiesStart of year $0$0
X-13 Program-related investmentsStart of year $0$0
X-14 Intangible assetsStart of year $0$0
X-15 Other assetsStart of year $0$0
X-16 Total assetsStart of year $14,438,955$14,944,884
X-17 Accounts payable and accrued expensesStart of year $25,424$22,870
X-18 Grants payableStart of year $0$0
X-19 Deferred revenueStart of year $328,400$177,605
X-20 Tax-exempt bond liabilitiesStart of year $0$0
X-24 Unsecured notes and loans payableStart of year $0$0
X-25 Other liabilitiesStart of year $8,064$26,070
X-26 Total liabilitiesStart of year $361,888$226,545
X-32 Total net assets or fund balancesStart of year $14,077,067$14,718,339
X-33 Total liabilities and net assetsStart of year $14,438,955$14,944,884
Part XI · Reconciliation of net assets $14,718,339 net assets at year end
XI-1 Total revenue$16,888,135
XI-2 Total expenses$15,851,642
XI-3 Revenue less expenses$1,036,493
XI-4 Net assets at start of year$14,077,067
XI-5 Net unrealized gains (losses) on investments−$395,221
XI-10 Net assets at end of year$14,718,339

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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