Civic Intelligence

Pacific Minerals Black Lung Trust

EIN 31-1007865 • 501(c)21 • Milwaukee, WI

Profile

BLACK LUNG TRUST

PO Box 0634Milwaukee, WI 53201-0634

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

32nd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

$1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

33rd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

$1M-$5M nonprofits • Source year 2024

Net Margin

97th percentile

89%

Higher net margin than 97% of similar nonprofits.

$1M-$5M nonprofits • Source year 2024

Top Officer Pay

51st percentile

$10,752

Higher top officer pay than 51% of similar nonprofits.

Top officer pay equals 10.9% of source-year revenue.

$1M-$5M nonprofits • Source year 2024

Asset Growth

49th percentile

2.5%

Faster asset growth than 49% of similar nonprofits.

$1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

87th percentile

99%

Faster revenue growth than 87% of similar nonprofits.

$1M-$5M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets32nd percentile

Assets

Up

$3,531,371

Up $87,312 (+2.5%) from 2023

Liabilities

Flat

$0

Flat from 2023

Net Assets

Up

$3,531,371

Up $87,312 (+2.5%) from 2023

Operations
Liabilities / Revenue33rd percentileNet Margin97th percentile

Revenue

Up

$98,931

Up $49,336 (+99%) from 2023

Expenses

Down

$10,786

Down $2,722 (-20%) from 2023

Net Income

Up

$88,145

Up $52,058 (+144%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth49th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$4.0M$3.0M$2.0M$1.0M$0Assets 2023: $3,444,059Liabilities 2023: $0Net Assets 2023: $3,444,0592023Assets 2024: $3,531,371Liabilities 2024: $0Net Assets 2024: $3,531,3712024

Highlighted filing

2024

Assets$3,531,371
Liabilities$0
Net Assets$3,531,371
Open 2024 Filing

Operations Trend

Revenue Growth87th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$100K$50K$0Revenue 2023: $49,595Expenses 2023: $13,508Net Income 2023: $36,0872023Revenue 2024: $98,931Expenses 2024: $10,786Net Income 2024: $88,1452024

Highlighted filing

2024

Revenue$98,931
Expenses$10,786
Net Income$88,145
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,531,371
Liabilities
$0
Net assets
$3,531,371
Revenue
$98,931
Expenses
$10,786
Net income
$88,145
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$3.53$0.00$3.53$0.10$0.01$0.09
2023Detailed filing. Detailed filing data is available for this year.$3.44$0.00$3.44$0.05$0.01$0.04
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
May 1, 2025
Return Version
2024v5.1
Gross Receipts
$1,590,299
Mission and Program Overview

Mission

BLACK LUNG TRUST

Balance Sheet Detail
LineBeginningEndChange
Assets
Cap Stk Tr Prin Current Funds-$3,531,371-
Rtn Earn Endowment Incm Other Fnds$3,444,059--
Investments in Publicly Traded Securities$3,384,756$3,394,497▲ $9,741
Savings and Temporary Cash Investments$58,709$136,365▲ $77,656
Total Assets$3,444,059$3,531,371▲ $87,312
Other Assets Total$594$509▼ $85
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$3,444,059$3,531,371▲ $87,312
Total Liabilities and Net Assets / Fund Balance$3,444,059$3,531,371▲ $87,312
Compensation and Service Providers
Top Officer Pay51st percentile

Employees

NameTitleBaseTotal
U S Bank N aTrustee$10,752$10,752
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$98,931
Other Revenue
$0
Change in Net Assets
$88,145
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$10,752
Other Expenses$34
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$10,752--$10,752
Fees for Services Legal$34--$34
Total Functional Expenses$10,786$0$0$10,786
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11-description of Process for Review

“Copy is provided to the trustee prior to filing”

Form 990, Page 6, Part VI, Line 18

“CONTACT TRUSTEE”

Form 990, Page 6, Part VI, Line 19

“CONTACT TRUSTEE”

Filing and Contact Details

Filer

Filer Name
Pacific Minerals Black Lung Trust
EIN
31-1007865
Phone
4147656624
Address
PO BOX 0634, MILWAUKEE, WI 53201-0634

Signing Officer

Name
U S Bank N a by
Title
Trustee
Phone
4147656624
Signed
2025-05-01
Discuss with paid preparer
Yes

Organization Details

Formed
1980
Legal Domicile
Or
Voting Board Members
1
Independent Board Members
0
Employees
0

Preparer

Firm
Pwc US Tax Llp
Address
301 GRANT STREET 45TH FLOOR, PITTSBURGH, PA 15219
Preparer
Allison J Valenty
Phone
4123556000
Supplemental Narrative

Additional Explanations

Part X

“The fair market value of the trust assets at the beginning of the tax year was $3,390,720.”

Explanation for Form 990, Part XI, Line 9

“Prior year purchase of accrued interest $100. Current year purchase of accrued interest ($935), rounding $2”

Raw XML Appendix226 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
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IRS990/CYGrantsAndSimilarPaidAmt00
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IRS990/CYOtherExpensesAmt034
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt088145
IRS990/CYSalariesCompEmpBnftPaidAmt010752
IRS990/CYTotalExpensesAmt010786
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
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IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr01980
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IRS990/GoverningBodyVotingMembersCnt01
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IRS990/InvestmentIncomeGrp/ExclusionAmt0115299
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0115299
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsPubTradedSecGrp/BOYAmt03384756
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IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
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IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt01491368
IRS990/LoanOutstandingInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingCashInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0BLACK LUNG TRUST
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
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IRS990/NetUnrelatedBusTxblIncmAmt00
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IRS990/PartialLiquidationInd0false
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IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
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IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt03444059
IRS990/SavingsAndTempCashInvstGrp/BOYAmt058709
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IRS990/ScheduleBRequiredInd0false
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FAIR MARKET VALUE OF THE TRUST ASSETS AT THE BEGINNING OF THE TAX YEAR WAS $3,390,720.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1COPY IS PROVIDED TO THE TRUSTEE PRIOR TO FILING
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2CONTACT TRUSTEE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3CONTACT TRUSTEE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4PRIOR YEAR PURCHASE OF ACCRUED INTEREST $100. CURRENT YEAR PURCHASE OF ACCRUED INTEREST ($935), ROUNDING $2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11-DESCRIPTION OF PROCESS FOR REVIEW
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4EXPLANATION FOR FORM 990, PART XI, LINE 9
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ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
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ReturnHeader/BusinessOfficerGrp/SignatureDt02025-05-01
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ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02025-05-12T15:01:32-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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