TY 2011 Form 990

Part X Balance Sheet
	1	Cashnon-interest-bearing ..........	378,285	1	607,848
2	Savings and temporary cash investments .......	186,744	2	275,950
3	Pledges and grants receivable, net .........		3	0
4	Accounts receivable, net .........	306,996	4	454,658
5	Receivables from current and former officers, directors, trustees, key employees, and highest compensated employees. Complete Part II of
	Schedule L ..........		5	0
6	Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B). Complete Part II of
	Schedule L ..........		6	0
7	Notes and loans receivable, net .............		7	0
8	Inventories for sale or use ..............		8	0
9	Prepaid expenses and deferred charges ............	1,259	9	1,012
10a	Land, buildings, and equipment: cost or other basis. Complete Part VI of Schedule D	10a
b	Less: accumulated depreciation. .....	10b			10c	0
11	Investments—publicly traded securities ..........	6,378,483	11	6,712,648
12	Investments—other securities. See Part IV, line 11 ......		12	0
13	Investments—program-related. See Part IV, line 11 ..		13	0
14	Intangible assets .........		14	0
15	Other assets. See Part IV, line 11 ...........	43,748	15	50,246
16	Total assets. Add lines 1 through 15 (must equal line 34)...	7,295,515	16	8,102,362
	17	Accounts payable and accrued expenses .	30,191	17	51,181
18	Grants payable ..........		18
19	Deferred revenue ..........	460,984	19	688,765
20	Tax-exempt bond liabilities ..........		20
21	Escrow or custodial account liability. Complete Part IV of Schedule D..		21
22	Payables to current and former officers, directors, trustees, key employees, highest compensated employees, and disqualified
	persons. Complete Part II of Schedule L..........		22
23	Secured mortgages and notes payable to unrelated third parties ..		23
24	Unsecured notes and loans payable to unrelated third parties ....		24
25	Other liabilities (including federal income tax, payables to related third parties, and other liabilities not included on lines 17-24). Complete Part X of Schedule D.....	8,835,289	25	12,502,919
26	Total liabilities. Add lines 17 through 25.....	9,326,464	26	13,242,865
		Organizations that follow SFAS 117, check here and complete lines 27 through 29, and lines 33 and 34.
27	Unrestricted net assets .....		27
28	Temporarily restricted net assets .....		28
29	Permanently restricted net assets .....		29
	Organizations that do not follow SFAS 117, check here and complete lines 30 through 34.
30	Capital stock or trust principal, or current funds .....		30
31	Paid-in or capital surplus, or land, building or equipment fund .....		31
32	Retained earnings, endowment, accumulated income, or other funds	-2,030,949	32	-5,140,503
33	Total net assets or fund balances .....	-2,030,949	33	-5,140,503
34	Total liabilities and net assets/fund balances .....	7,295,515	34	8,102,362

- TIN:

SCHEDULE D
(Form 990)

Department of the Treasury
Internal Revenue Service

Supplemental Financial Statements

Complete if the organization answered "Yes," to Form 990,
Part IV, line 6, 7, 8, 9, 10, 11a, 11b, 11c, 11d, 11e, 11f, 12a, or 12b
SchDMd Bullet

Attach to Form 990. SchDMd Bullet

See separate instructions.

OMB No. 1545-0047

2011

Open to Public Inspection

Name of the organization

Cement Masons - Employers Trust

Employer identification number

93-6023044

Part I

Organizations Maintaining Donor Advised Funds or Other Similar Funds or Accounts. Complete if the organization answered "Yes" to Form 990, Part IV, line 6.

		(a) Donor advised funds	(b) Funds and other accounts
1	Total number at end of year .......
2	Aggregate contributions to (during year) ...
3	Aggregate grants from (during year) ...
4	Aggregate value at end of year .......

Did the organization inform all donors and donor advisors in writing that the assets held in donor advised
funds are the organization's property, subject to the organization's exclusive legal control? ............

Yes No

Did the organization inform all grantees, donors, and donor advisors in writing that grant funds can be
used only for charitable purposes and not for the benefit of the donor or donor advisor, or for any other purpose conferring impermissible private benefit? ...................................

Yes No

Part II

Conservation Easements. Complete if the organization answered "Yes" to Form 990, Part IV, line 7.

Purpose(s) of conservation easements held by the organization (check all that apply).

Preservation of land for public use (e.g., recreation or education) Preservation of an historically important land area

Protection of natural habitat Preservation of a certified historic structure

Preservation of open space

Complete lines 2a through 2d if the organization held a qualified conservation contribution in the form of a conservation easement on the last day of the tax year.


a	Total number of conservation easements .......................	2a
b	Total acreage restricted by conservation easements ..................	2b
c	Number of conservation easements on a certified historic structure included in (a) .....	2c
d	Number of conservation easements included in (c) acquired after 8/17/06, and not on a historic structure listed in the National Register ....................	2d

Number of conservation easements modified, transferred, released, extinguished, or terminated by the organization during
the tax year SchDMd Bullet

Number of states where property subject to conservation easement is located SchDMd Bullet

Does the organization have a written policy regarding the periodic monitoring, inspection, handling of violations, and
enforcement of the conservation easements it holds? .............................

Yes No

Staff and volunteer hours devoted to monitoring, inspecting and enforcing conservation easements during the year SchDMd Bullet

Amount of expenses incurred in monitoring, inspecting, and enforcing conservation easements during the year
SchDMd Bullet

Does each conservation easement reported on line 2(d) above satisfy the requirements of section
170(h)(4)(B)(i) and 170(h)(4)(B)(ii)? ....................................

Yes No

In Part XIV, describe how the organization reports conservation easements in its revenue and expense statement, and
balance sheet, and include, if applicable, the text of the footnote to the organization’s financial statements that describes
the organization’s accounting for conservation easements.

Part III

Organizations Maintaining Collections of Art, Historical Treasures, or Other Similar Assets.
Complete if the organization answered "Yes" to Form 990, Part IV, line 8.

If the organization elected, as permitted under SFAS 116 (ASC 958), not to report in its revenue statement and balance sheet works of
art, historical treasures, or other similar assets held for public exhibition, education or research in furtherance of public service,
provide, in Part XIV, the text of the footnote to its financial statements that describes these items.

If the organization elected, as permitted under SFAS 116 (ASC 958), to report in its revenue statement and balance sheet works of art,
historical treasures, or other similar assets held for public exhibition, education, or research in furtherance of public service,
provide the following amounts relating to these items:

(i)

Revenues included in Form 990, Part VIII, line 1 ........................ SchDMd Bullet

(ii)

Assets included in Form 990, Part X .............................. SchDMd Bullet

If the organization received or held works of art, historical treasures, or other similar assets for financial gain, provide the
following amounts required to be reported under SFAS 116 (ASC 958), relating to these items:

Revenues included in Form 990, Part VIII, line 1 .......................... SchDMd Bullet

Assets included in Form 990, Part X ............................... SchDMd Bullet

For Privacy Act and Paperwork Reduction Act Notice, see the Intructions for Form 990

Cat. No. 52283D

Schedule D (Form 990) 2011

Page 2

Part III

Organizations Maintaining Collections of Art, Historical Treasures, or Other Similar Assets (continued)

Using the organization’s accession and other records, check any of the following that are a significant use of its collection
items (check all that apply):

Public exhibition

Loan or exchange programs

Scholarly research

Other

Preservation for future generations

Provide a description of the organization’s collections and explain how they further the organization’s exempt purpose in
Part XIV.

During the year, did the organization solicit or receive donations of art, historical treasures or other similar
assets to be sold to raise funds rather than to be maintained as part of the organization’s collection?........

Yes No

Part IV

Escrow and Custodial Arrangements. Complete if the organization answered "Yes" to Form 990,
Part IV, line 9, or reported an amount on Form 990, Part X, line 21.

Is the organization an agent, trustee, custodian or other intermediary for contributions or other assets not
included on Form 990, Part X? ....................................

Yes No

If "Yes," explain the arrangement in Part XIV and complete the following table:


c	Beginning balance .................................	1c
d	Additions during the year ..............................	1d
e	Distributions during the year .............................	1e
f	Ending balance ...................................	1f

Did the organization include an amount on Form 990, Part X, line 21? .....................

Yes No

If “Yes,” explain the arrangement in Part XIV.

Part V

Endowment Funds. Complete if the organization answered "Yes" to Form 990, Part IV, line 10.

		(a)Current Year	(b)Prior Year	(c)Two Years Back	(d)Three Years Back	(e)Four Years Back
1a	Beginning of year balance ....
b	Contributions ........
c	Net investment earnings, gains, and losses ...
d	Grants or scholarships .....
e	Other expenditures for facilities and programs ........
f	Administrative expenses ....
g	End of year balance ......

Provide the estimated percentage of the year end balance (line 1g) held as:

Board designated or quasi-endowment SchDMd Bullet

Permanent endowment SchDMd Bullet

Temporarily restricted endowment SchDMd Bullet

The percentages in lines 2a, 2b, and 2c should equal 100%.

Are there endowment funds not in the possession of the organization that are held and administered for the
organization by:

Yes

(i) unrelated organizations ........................

3a(i)

(ii) related organizations ........................

3a(ii)

If "Yes" to 3a(ii), are the related organizations listed as required on Schedule R? .........

Describe in Part XIV the intended uses of the organization's endowment funds.

Part VI

Land, Buildings, and Equipment. See Form 990, Part X, line 10.

Description of property		(a) Cost or other basis (investment)	(b)Cost or other basis (other)	(c) Accumulated depreciation	(d) Book value
1a	Land .................
b	Buildings ................
c	Leasehold improvements ............
d	Equipment ................
e	Other .................
Total. Add lines 1a through 1e. (Column (d) must equal Form 990, Part X, column (B), line 10(c).).......

Schedule D (Form 990) 2011

Page 3

Part VII

InvestmentsOther Securities. See Form 990, Part X, line 12.

(a) Description of security or category (including name of security)		(b)Book value	(c) Method of valuation: Cost or end-of-year market value
(1)Financial derivatives
(2)Closely-held equity interests
Other








Total. (Column (b) must equal Form 990, Part X, col. (B) line 12.)

Part VIII

InvestmentsProgram Related. See Form 990, Part X, line 13.

(a) Description of investment type		(b) Book value	(c) Method of valuation: Cost or end-of-year market value









Total. (Column (b) must equal Form 990, Part X, col.(B) line 13.)

Part IX

Other Assets. See Form 990, Part X, line 15.

(a) Description				(b) Book value









Total. (Column (b) must equal Form 990, Part X, col.(B) line 15.)...........

Part X

Other Liabilities. See Form 990, Part X, line 25.

1.(a) Description of Liability		(b) Book value
Federal Income Taxes
Vacation funds due participants		76,938
Premiums payable		4
Postretirement benefit obligations		10,938,623
Accumulated eligibility		1,487,354





Total. (Column (b) must equal Form 990, Part X, col.(B) line 25.)		12,502,919
2. Fin 48 (ASC 740) Footnote. In Part XIV, provide the text of the footnote to the organization's financial statements that reports the organization's liability for uncertain tax positions under FIN 48 (ASC740).

Schedule D (Form 990) 2011

Page 4

Part XI Reconciliation of Change in Net Assets from Form 990 to Financial Statements
1	Total revenue (Form 990, Part VIII, column (A), line 12) ....................	1	6,216,377
2	Total expenses (Form 990, Part IX, column (A), line 25) .....................	2	5,550,251
3	Excess or (deficit) for the year. Subtract line 2 from line 1 .............	3	666,126
4	Net unrealized gains (losses) on investments ..........................	4	-142,714
5	Donated services and use of facilities .............................	5
6	Investment expenses ...................................	6
7	Prior period adjustments ..................................	7
8	Other (Describe in Part XIV.) .................................	8	-3,632,966
9	Total adjustments (net). Add lines 4 through 8 .........................	9	-3,775,680
10	Excess or (deficit) for the year per financial statements. Combine lines 3 and 9 .........	10	-3,109,554

Part XII Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
1	Total revenue, gains, and other support per audited financial statements .......			1	6,073,663
2	Amounts included on line 1 but not on Form 990, Part VIII, line 12:
a	Net unrealized gains on investments ..........	2a	-142,714
b	Donated services and use of facilities .........	2b
c	Recoveries of prior year grants ...........	2c
d	Other (Describe in Part XIV.) ............	2d
e	Add lines 2a through 2d .....................			2e	-142,714
3	Subtract line 2e from line 1.....................			3	6,216,377
4	Amounts included on Form 990, Part VIII, line 12, but not on line 1:
a	Investment expenses not included on Form 990, Part VIII, line 7b .	4a
b	Other (Describe in Part XIV.) ...........	4b
c	Add lines 4a and 4b.......................			4c
5	Total Revenue. Add lines 3 and 4c. (This must equal Form 990, Part I, line 12.) ......			5	6,216,377

Part XIII Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
1	Total expenses and losses per audited financial statements .............			1	5,515,587
2	Amounts included on line 1 but not on Form 990, Part IX, line 25:
a	Donated services and use of facilities ..........	2a
b	Prior year adjustments ..............	2b
c	Other losses ................	2c
d	Other (Describe in Part XIV.) ............	2d
e	Add lines 2a through 2d......................			2e
3	Subtract line 2e from line 1.....................			3	5,515,587
4	Amounts included on Form 990, Part IX, line 25, but not on line 1:
a	Investment expenses not included on Form 990, Part VIII, line 7b ..	4a
b	Other (Describe in Part XIV.) ............	4b	34,664
c	Add lines 4a and 4b.......................			4c	34,664
5	Total expenses. Add lines 3 and 4c. (This must equal Form 990, Part I, line 18.) ......			5	5,550,251

Part XIV

Supplemental Information

Complete this part to provide the descriptions required for Part II, lines 3, 5, and 9; Part III, lines 1a and 4; Part lV, lines 1b and 2b;
Part V, line 4; Part X; Part XI, line 8; Part XII, lines 2d and 4b; and Part XIII, lines 2d and 4b. Also complete this part to provide any additional information.

Identifier	Return Reference	Explanation
Part XIII, Line 4b	Part XIII, Line 4b: Other revenue amounts included on 990 but not included in F/S	Change in claims & premiums payable $34664
Part XI, Line 8	Part XI, Line 8: Other Changes in Net Assets or Fund Balances	Change in postretirement obligations $ -3245484 Changes in Accumulated Eligibility $ -387482 Market Value Change $ -0

Schedule D (Form 990) 2011

Additional Data

Software ID:	11000144
Software Version:	2011v1.2

- TIN:

SCHEDULE O
(Form 990 or 990-EZ)

Department of the Treasury
Internal Revenue Service

Supplemental Information to Form 990 or 990-EZ

Complete to provide information for responses to specific questions on
Form 990 or to provide any additional information.
MediumBullet

Attach to Form 990 or 990-EZ.

OMB No. 1545-0047

2011

Open to Public
Inspection

Name of the organization

Cement Masons - Employers Trust

Employer identification number

93-6023044

Identifier	Return Reference	Explanation
	Schedule R (Form 990)	Reasonable efforts were made to obtain the information required to be reported in the Schedule R from all employers that made contributions to the organization during the tax year. These included written requests for information as well as subsequent telephone calls to obtain the information. All information that was understood to be reported is included with this filing, if such information was successfully obtained from the employer through these reasonable efforts.
Form 990, Part VI, Line 19	Form 990, Part VI, Line 19: Other Organization Documents Publicly Available	The organization makes no documents available to the public.
Form 990, Part VI, Line 11	Form 990, Part VI, Line 11: Form 990 Review Process	No review was or will be conducted prior to filing.

For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.

Cat. No. 51056K

Schedule O (Form 990 or 990-EZ) 2011

Additional Data

Software ID:	11000144
Software Version:	2011v1.2

- TIN:

SCHEDULE R
(Form 990)

Department of the Treasury
Internal Revenue Service

Related Organizations and Unrelated Partnerships

Complete if the organization answered "Yes" to Form 990, Part IV, line 33, 34, 35, 36, or 37.
MediumBullet

Attach to Form 990. MediumBullet

See separate instructions.

OMB No. 1545-0047

2011

Open to Public Inspection

Name of the organization

Cement Masons - Employers Trust

Employer identification number

93-6023044

Part I

Identification of Disregarded Entities (Complete if the organization answered "Yes" on Form 990, Part IV, line 33.)

(a) Name, address, and EIN of disregarded entity	(b) Primary activity	(c) Legal domicile (state or foreign country)	(d) Total income	(e) End-of-year assets	(f) Direct controlling entity

Part II

Identification of Related Tax-Exempt Organizations (Complete if the organization answered "Yes" on Form 990, Part IV, line 34 because it had one or more related tax-exempt organizations during the tax year.)

(a) Name, address, and EIN of related organization	(b) Primary activity	(c) Legal domicile (state or foreign country)	(d) Exempt Code section	(e) Public charity status (if section 501(c)(3))	(f) Direct controlling entity	(g) Section 512(b)(13) controlled organization
(a) Name, address, and EIN of related organization	(b) Primary activity	(c) Legal domicile (state or foreign country)	(d) Exempt Code section	(e) Public charity status (if section 501(c)(3))	(f) Direct controlling entity	Yes	No
(1) National Plastering Industrys JATF 11720 Beltsville Dr Suite 100 Beltsville,MD20705 52-0852330	Training Program	MD	501(c) (5)		N/A		No
(2) Operative Plasterers Local No 82 12812 NE Marx St Portland,OR97230 93-0160415	Labor Union	OR	501(c)(5)		N/A		No
(3) Employers-Plasterers Local 82 Apprentice 12812 NE Marx St Portland,OR97230 93-0773423	Apprenticeship Training for Local 82	OR	501 (c) (5)		N/A		No
(4) OR-WA Cement Masons Employers Apprent & 9848 E Burnside Portland,OR97216 93-0575137	Apprenticeship Training for Local 555	OR	501(c)(3)	9	N/A		No
(5) Oregon- SW Washington Mason Trades JATC 9848 NE Marx Street Portland,OR97216 23-7088818	Apprenticeship Training for IUBAC L # 1	OR	501 (c) (5)		N/A		No
(6) Lathers & Plasterers Administration 12812 NE Marx St Portland,OR97230 93-0477803	Administration Services	OR	501 (c) (5)		N/A		No
(7) Operative Plasterers & Cement Masons 555 12812 NE Marx Portland,OR97230 93-0338826	Labor Union	OR	501 (c) (5)		N/A		No
(8) Operative Plasterers & Cement Masons Int 11720 Beltsville Drive Suite 700 Beltsville,MD20705 53-0258484	International Labor Union	MD	501 (c) (5)		N/A		No

For Privacy Act and Paperwork Reduction Act Notice, see the Instructions for Form 990.

Cat. No. 50135Y

Schedule R (Form 990) 2011

Page 2

Part III

Identification of Related Organizations Taxable as a Partnership (Complete if the organization answered "Yes" on Form 990, Part IV, line 34 because it had one or more related organizations treated as a partnership during the tax year.)

(a) Name, address, and EIN of related organization	(b) Primary activity	(c) Legal domicile (state or foreign country)	(d) Direct controlling entity	(e) Predominant income(related, unrelated, excluded from tax under sections 512-514)	(f) Share of total income	(g) Share of end-of-year assets	(h) Disproprtionate allocations?		(i) Code VUBI amount in box 20 of Schedule K-1 (Form 1065)	(j) General or managing partner?
(a) Name, address, and EIN of related organization	(b) Primary activity	(c) Legal domicile (state or foreign country)	(d) Direct controlling entity		(f) Share of total income	(g) Share of end-of-year assets	Yes	No	(i) Code VUBI amount in box 20 of Schedule K-1 (Form 1065)	Yes	No
(1) Zemek Construction Company LLC 21209 212th Ave SE Maple Valley,WA98038 27-4543389	Construction Highway & Bridge	WA	N/A	N/A				No			No
(2) South Corridor Constructors 2800 Harbor Bay Parkway Alamedia,CA94502 20-1002273	General Contractor	CA	N/A	N/A				No			No
(3) Filippini Plastering LLC 8420 Portal Way Unit A-8 Blaine,WA98230 20-1058342	Construction	WA	N/A	N/A				No			No
(4) Howard S Wright Constructors LP 501 Eastlake Ave E 100 Seattle,WA98109 20-1942297	General Contractor	WA	N/A	N/A				No			No

Part IV

Identification of Related Organizations Taxable as a Corporation or Trust (Complete if the organization answered "Yes" on Form 990, Part IV, line 34 because it had one or more related organizations treated as a corporation or trust during the tax year.)

(a) Name, address, and EIN of related organization	(b) Primary activity	(c) Legal domicile (state or foreign country)	(d) Direct controlling entity	(e) Type of entity (C corp, S corp, or trust)
(1) Hatfield Ceiling and Acoustics 90048 Prairie Road Eugene,OR97402	See Schedule O	OR	N/A
(2) HR Street Construction 2717 E 5th Street Vancouver,WA98661	See Schedule O	WA	N/A
(3) Concrete Barrier Inc PO Box 4609 Anaheim,CA92803	See Schedule O	CA	N/A
(4) Ceiling and Wall Specialties PO Box 41900 Eugene,OR97404	See Schedule O	OR	N/A
(5) Benny Bartel Company 450 Shelley Street Springfield,OR97477	See Schedule O	OR	N/A
(6) Whitaker Ellis Builders Inc 9400 SW Barber Blvd Portland,OR97219 91-1850206	Commercial Concrete Construction	OH	N/A	S Corporation
(7) S & B James Construction Company 8425 Agate Road White City,OR97503 93-0682429	General Contractor	OR	N/A	S Corporation
(8) Norkote Inc 2330 106th Street SW Everett,WA98204 91-1218632	Fireproofing & Plasterers	WA	N/A	S Corporation
(9) Max J Kuney Company N 120 Ralph Street Spokane,WA99202 91-0609531	General Contractor	WA	N/A	S Corporation
(10) Applied Restoration Inc 3562 Grove Street Lemon Grove,CA91945 33-0824917	Concrete repairs, restoration	CA	N/A	S Corporation
(11) MCG Ventures LLC DBA MCG Commercial PO Box 800 Clackamas,OR97015 73-1687613	Commercial Construction	OR	N/A	C Corporation
(12) Skanska USA Building 221 Yale Ave North Ste 400 Seattle,WA98109 22-3752540	Construction Management	DE	N/A	C Corporation
(13) Billings & Cronn Company 2340 SE Gladstone Ste 100 Portland,OR97202 93-0493299	Lathing and Plastering Sub.	OR	N/A	C Corporation
(14) B Gentle Concrete Construction Company PO Box 82253 Portland,OR97282 93-1119147	Construction materials	OR	N/A	C Corporation
(15) M A Mortenson Company 10230 NE Points Drive Ste 300 Kirkland,WA98033 41-0740923	General Contractor	MN	N/A	S Corporation
(16) Star Construction Services LLC PO Box 955 North Plains,OR97133 26-0192574	Site & Structural Concrete	OR	N/A	S Corporation
(17) Wildish Construction Company PO Box 40310 Eugene,OR97404 93-0491008	Road Construction	OR	Wildish Land Company	C Corporation
(18) Wildish Paving Company PO Box 40310 Eugene,OR97404 93-0748342	Heavy Construction	OR	Wildish Land Company	C Corporation
(19) Wildish Standard Paving Company PO Box 40310 Eugene,OR97404 93-1171384	Heavy Highway & Bridge	OR	Wildish Land Company	C Corporation
(20) Conway Construction Company PO Box 303 Ridgefield,WA98642 93-0965442	General Contractor	WA	N/A	S Corporation
(21) R&R General Contractors Inc 3400 State St Suite 6780 Salem,OR97301 26-3075361	Heavy Civil Work/Rail Work	OR	N/A	S Corporation
(22) Paladeni Concrete Inc 5503 NE 265th St Ridgefield,WA98642 26-4109738	Place & finish concrete flatwork	WA	N/A	S Corporation
(23) Mowat Construction Company PO Box 1330 Woodinville,WA98072 91-1622599	Bridge Construction	WA	N/A	S Corporation
(24) Gary Merlino Construction Co Inc 9125 10th Ave S Seattle,WA98108 91-1296882	Heavy Highway Construction	WA	N/A	S Corporation
(25) Garco Construction Inc PO Box 2946 Spokane,WA99220 26-2160084	Commercial Builder	WA	N/A	S Corporation
(26) Fred Shearer and Sons Inc 5500 SW Arctic Drive Beaverton,OR97005 93-0591480	Wall & Ceiling Contractor	OR	N/A	S Corporation
(27) Faison Construction Inc 6226 SW 33 Place Portland,OR97239 20-8767928	Commercial Concrete	OR	N/A	S Corporation
(28) DYK Incorporated PO Box 696 El Cajon,CA92022 33-0377733	Construction	CA	N/A	S Corporation
(29) Contech Services Inc PO Box 84886 Seattle,WA98124 91-1600600	Concrete Repair & Restoration	WA	N/A	S Corporation
(30) AB Utility Contractors Inc 910 S 2nd St Harrisburg,OR97446 91-1788843	Underground utility/concrete	OR	N/A	S Corporation
(31) Industrial Concrete LLC 7355 22nd Ave N Salem,OR97303 93-1280412	Concrete Finishing	OR	Salem Conc Paving	C Corporation
(32) Bridgeway Contracting LLC 515 Sunridge Lane Lowell,OR97452 26-0312437	Services - Construction Labor	OR	N/A	C Corporation
(33) Ward Henshaw Construction Co Inc PO Box 950 Canby,OR97013 93-0689555	Concrete Construction	OR	N/A	C Corporation
(34) Sharp & Associates Inc PO Box 230847 Tigard,OR97223 93-0558646	Concrete Contractor	OR	N/A	C Corporation
(35) Masonry Industry Trust Administration 9848 E Burnside Portland,OR97216 93-1144705	Administration Services	OR	N/A	C Corporation
(36) HTI Polymer Inc 18732 142nd Ave NE Woodville,WA98072 20-5744776	Installation of Epoxy Flooring	WA	N/A	C Corporation
(37) Carter & Company Inc 4676 Commerical St SE 203 Salem,OR97302 93-1158759	Construction	OR	N/A	C Corporation
(38) Van Lom Concrete Inc PO Box 20039 Portland,OR972940039 20-1354620	Concrete Contractor	OR	N/A	S Corporation
(39) Stacy and Witbeck Inc 2800 Harbor Bay Parkway Alameda,CA94502 94-2787950	General Engineering Contractor	CA	N/A	S Corporation
(40) RA Bush Constuction Inc 14670 SW 88th Ct Tigard,OR97224 30-0322960	Latherer & Plasterer	OR	N/A	S Corporation
(41) Progressive Concrete Solutions Inc PO Box 65518 Vancouver,WA98665 93-1306470	Concrete Construction	WA	N/A	S Corporation
(42) Performance Contracting Inc 16400 College Blvd Lenexa,KS66219 34-1467168	Construction	KS	N/A	S Corporation
(43) MJ Hughes Construction Inc 1717 NW Eleven Mile Ave Gresham,OR97030 46-0514592	Construction	OR	N/A	S Corporation
(44) La Russo Concrete Inc 165 S Walnut Street Canby,OR97013 20-3982326	Place & Finish Concrete	OR	N/A	S Corporation
(45) The Harver Company 15870 SW Upper Boones Ferry Lake Oswego,OR97035 93-0804012	Drywall/Acoustical/Plastering Subcontrac	OR	N/A	S Corporation
(46) Clayton Coatings Inc 8742 E Via LeCommercio Scottsdale,AZ85258 95-3503580	Fireproofing Contractor	AZ	N/A	S Corporation
(47) Cascade Acoustics Inc PO Box 189 Tualatin,OR97062 93-0462289	Interior/Exterior Contractor	OR	N/A	S Corporation
(48) Capital Concrete Constuction Inc PO Box 1309 Aumsville,OR97325 93-1017180	Concrete Construction	OR	N/A	S Corporation
(49) Anchor Concrete Inc PO Box 821409 Vancouver,WA98682 20-2662884	Place & Finish Concrete	WA	N/A	S Corporation
(50) Andersen Structures LLC 6712 N Cutter Circle Portland,OR97217 04-3672302	Construction Labor	OR	Andersen Constructio	C Corporation
(51) Western Waterproofing Co Inc 4429 Airport Way South Seattle,WA98108 43-0634668	Masonry Restoration/Spec.	MO	Western Construction	C Corporation
(52) Western Partitions Inc 8300 SW Hunziker Road Tigard,OR97223 93-0655225	Interior/Exterior Contractor	OR	N/A	C Corporation
(53) RDF Builders Co 10738 NE Marx Street Portland,OR97220 91-2067986	Construction	OR	Thidwick Management	C Corporation
(54) Purcy Construction Inc 3396 Freeland Road Central Point,OR97502 93-0737390	Concrete Construction	OR	N/A	C Corporation
(55) LP Company Inc PO Box 12457 Salem,OR97301 93-0561944	Construction Plastering Sub.	OR	N/A	C Corporation
(56) Hoffman Structures Inc 12130 NE Ainsworth Circle Ste 225 Portland,OR97220 93-0891196	General Contractor	OR	N/A	C Corporation
(57) Harlens Drywall Co Inc 14615 NE 13th Ct A100 Vancouver,WA98685 91-1062308	Drywall Subcontractor	WA	N/A	C Corporation
(58) Anning-Johnson Company 10965 SW Commerce Circle Suite D Wilsonville,OR97070 36-2936794	General Contractor	IL	Anson Industries	C Corporation
(59) Acme Concrete Paving Inc 4124 Broadway Spokane,WA99202 04-3589319	Heavy Highway Paving	WA	N/A	C Corporation

Schedule R (Form 990) 2011

Page 3

Part V

Transactions With Related Organizations (Complete if the organization answered "Yes" on Form 990, Part IV, line 34, 35, 35A, or 36.)

Note. Complete line 1 if any entity is listed in Parts II, III or IV.

Yes

1 During the tax year, did the orgranization engage in any of the following transactions with one or more related organizations listed in Parts II-IV?

a Receipt of (i) interest (ii) annuities (iii) royalties (iv) rent from a controlled entity . . . . . . . . . . . . . . . . . . . . . . .

b Gift, grant, or capital contribution to related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

c Gift, grant, or capital contribution from related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

d Loans or loan guarantees to or for related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

e Loans or loan guarantees by related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

f Sale of assets to related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

g Purchase of assets from related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

h Exchange of assets with related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

i Lease of facilities, equipment, or other assets to related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . .

j Lease of facilities, equipment, or other assets from related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . .

k Performance of services or membership or fundraising solicitations for related organization(s) . . . . . . . . . . . . . . . . . . . .

l Performance of services or membership or fundraising solicitations by related organization(s) . . . . . . . . . . . . . . . . . . . .

m Sharing of facilities, equipment, mailing lists, or other assets with related organization(s) . . . . . . . . . . . . . . . . . . . . .

n Sharing of paid employees with related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

o Reimbursement paid to related organization(s) for expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

p Reimbursement paid by related organization(s) for expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

q Other transfer of cash or property to related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

r Other transfer of cash or property from related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

If the answer to any of the above is "Yes," see the instructions for information on who must complete this line, including covered relationships and transaction thresholds.

(a) Name of other organization	(b) Transaction type(a-r)	(c) Amount involved	(d) Method of determining amount involved
(1)
(2)
(3)
(4)
(5)
(6)

Schedule R (Form 990) 2011

Page 4

Part VI

Unrelated Organizations Taxable as a Partnership (Complete if the organization answered "Yes" on Form 990, Part IV, line 37.)

Provide the following information for each entity taxed as a partnership through which the organization conducted more than five percent of its activities (measured by total assets or gross revenue) that was not a related organization. See instructions regarding exclusion for certain investment partnerships.

(a) Name, address, and EIN of entity	(b) Primary activity	(c) Legal domicile (state or foreign country)	(e) Are all partners section 501(c)(3) organizations?		(f) Share of total income	(g) Share of end-of-year assets	(h) Disproprtionate allocations?		(i) Code VUBI amount in box 20 of Schedule K-1 (Form 1065)	(j) General or managing partner?
(a) Name, address, and EIN of entity	(b) Primary activity	(c) Legal domicile (state or foreign country)	Yes	No	(f) Share of total income	(g) Share of end-of-year assets	Yes	No	(i) Code VUBI amount in box 20 of Schedule K-1 (Form 1065)	Yes	No

Schedule R (Form 990) 2011

Page 5

Part VII

Supplemental Information

Complete this part to provide additional information for responses to questions on Schedule R (see instructions).

Identifier	Return Reference	Explanation
Schedule R (Form 990)		Reasonable efforts were made to obtain the information required to be reported in the Schedule R from all employers that made contributions to the organization during the tax year. These included written requests for information as well as subsequent telephone calls to obtain the information. All information that was understood to be reported is included with this filing, if such information was successfully obtained from the employer through these reasonable efforts.

Additional Data

Software ID:	11000144
Software Version:	2011v1.2

1	Briefly describe the organization’s mission or most significant activities: To provide health, welfare, and vacation benefits to participants.
2	Check this box
3	Number of voting members of the governing body (Part VI, line 1a).....	3	10
4	Number of independent voting members of the governing body (Part VI, line 1b) ....	4	10
5	Total number of individuals employed in calendar year 2011 (Part V, line 2a) ...	5	0
6	Total number of volunteers (estimate if necessary) ....	6
7a	Total unrelated business revenue from Part VIII, column (C), line 12 ..	7a	0
b	Net unrelated business taxable income from Form 990-T, line 34 ..	7b

		Prior Year	Current Year
8	Contributions and grants (Part VIII, line 1h) .........		0
9	Program service revenue (Part VIII, line 2g) .........	3,842,437	5,793,618
10	Investment income (Part VIII, column (A), lines 3, 4, and 7d ) ....	414,651	325,580
11	Other revenue (Part VIII, column (A), lines 5, 6d, 8c, 9c, 10c, and 11e)	25,431	97,179
12	Total revenue—add lines 8 through 11 (must equal Part VIII, column (A), line 12)...................	4,282,519	6,216,377
13	Grants and similar amounts paid (Part IX, column (A), lines 1–3 )...		0
14	Benefits paid to or for members (Part IX, column (A), line 4).....	4,167,514	5,284,577
15	Salaries, other compensation, employee benefits (Part IX, column (A), lines 5–10)		0
16a	Professional fundraising fees (Part IX, column (A), line 11e).....		0
b	Total fundraising expenses (Part IX, column (D), line 25) 0
17	Other expenses (Part IX, column (A), lines 11a–11d, 11f–24f)....	257,505	265,674
18	Total expenses. Add lines 13–17 (must equal Part IX, column (A), line 25)	4,425,019	5,550,251
19	Revenue less expenses. Subtract line 18 from line 12.......	-142,500	666,126
		Beginning of Current Year	End of Year
20	Total assets (Part X, line 16).............	7,295,515	8,102,362
21	Total liabilities (Part X, line 26).............	9,326,464	13,242,865
22	Net assets or fund balances. Subtract line 21 from line 20.....	-2,030,949	-5,140,503

Sign Here

	Signature of officer	Date

	Type or print name and title.


4a	(Code: ) (Expenses $ including grants of $ ) (Revenue $ )
	The Cement Masons-Employers Health, Welfare & Vacation Trust provided medical, dental, vision, life insurance, accidental death & dismemberment, vacation, and short term disability coverage to its participants.

4b	(Code: ) (Expenses $ including grants of $ ) (Revenue $ )












4c	(Code: ) (Expenses $ including grants of $ ) (Revenue $ )












4d	Other program services (Describe in Schedule O.)
	(Expenses $ including grants of $ ) (Revenue $ )
4e	Total program service expenses$

(A) Name and Title	(B) Average hours per week (describe hours for related organizations in Schedule O)	(C) Position (do not check more than one box, unless person is both an officer and a director/trustee)		(D) Reportable compensation from the organization (W- 2/1099-MISC)	(E) Reportable compensation from related organizations (W- 2/1099-MISC)	(F) Estimated amount of other compensation from the organization and related organizations
(A) Name and Title
(1) Greg Whitaker Trustee	1.00	X		0	0	0
(2) Geoff Kossak Trustee	1.00	X		0	0	0
(3) Martin Cloe Trustee	1.00	X		0	0	0
(4) Dennis Vilhauer Trustee	1.00	X		0	0	0
(5) Chris Davis Trustee	1.00	X		0	0	0
(6) Calvin McKinnis Trustee	1.00	X		0	0	0
(7) Dan Johnson Trustee	1.00	X		0	0	0
(8) Craig Smith Trustee	1.00	X		0	0	0
(9) Brett Hinsley Chairman	1.00		X	0	0	0
(10) Tom Winge Secretary	1.00		X	0	0	0

1b	Sub-Total................
c	Total from continuation sheets to Part VII, Section A....
d	Total (add lines 1b and 1c)............

(A) Name and business address	(B) Description of services	(C) Compensation
Masonry Industry Trust Admin 9848 E Burnside Portland,OR97216	Administration	133,200




2 Total number of independent contractors (including but not limited to those listed above) who received more than $100,000 of compensation from the organization 1

				(A) Total revenue	(B) Related or exempt function revenue	(C) Unrelated business revenue	(D) Revenue excluded from tax under sections 512, 513, or 514
1a	Federated campaigns..1a
b	Membership dues....1b
c	Fundraising events....1c
d	Related organizations...1d
e	Government grants (contributions)1e

f	All other contributions, gifts, grants, and similar amounts not included above1f
g	Noncash contributions included in lines 1a-1f:$
h	Total. Add lines 1a-1f.......			0
			Business Code
2a	Employer contributions		900,099	5,139,827	5,139,827
b	Employee contributions		900,099	653,791	653,791
c
d
e
f	All other program service revenue .
g	Total. Add lines 2a–2f........			5,793,618
3	Investment income (including dividends, interest
	and other similar amounts).....			189,242	189,242
4	Income from investment of tax-exempt bond proceeds..			0
5	Royalties............			0
		(i) Real	(ii) Personal
6a	Gross rents
b	Less: rental expenses
c	Rental income or (loss)
d	Net rental income or (loss).......			0
		(i) Securities	(ii) Other
7a	Gross amount from sales of assets other than inventory	2,708,970
b	Less: cost or other basis and sales expenses	2,572,632
c	Gain or (loss)	136,338
d	Net gain or (loss)..........			136,338	136,338
8a	Gross income from fundraising events (not including $ of contributions reported on line 1c). See Part IV, line 18 ...
	a
b	Less: direct expenses ...b
c	Net income or (loss) from fundraising events..			0
9a	Gross income from gaming activities. See Part IV, line 19 ...
	a
b	Less: direct expenses ...b
c	Net income or (loss) from gaming activities...			0
10a	Gross sales of inventory, less returns and allowances .
	a
b	Less: cost of goods sold ..b
c	Net income or (loss) from sales of inventory..			0
Miscellaneous Revenue			Business Code
11a	Other revenue		900,099	97,179	97,179
b
c
d	All other revenue ....
e	Total. Add lines 11a–11d ......			97,179
12	Total revenue. See Instructions....			6,216,377	6,216,377

Do not include amounts reported on lines 6b, 7b, 8b, 9b, and 10b of Part VIII.		(A) Total expenses	(B) Program service expenses	(C) Management and general expenses	(D) Fundraising expenses
1	Grants and other assistance to governments and organizations in the United States. See Part IV, line 21	0
2	Grants and other assistance to individuals in the United States. See Part IV, line 22	0
3	Grants and other assistance to governments, organizations, and individuals outside the United States. See Part IV, lines 15 and 16	0
4	Benefits paid to or for members	5,284,577
5	Compensation of current officers, directors, trustees, and key employees ....	0
6	Compensation not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B) ....	0
7	Other salaries and wages	0
8	Pension plan accruals and contributions (include section 401(k) and 403(b) employer contributions) ....	0
9	Other employee benefits .......	0
10	Payroll taxes ...........	0
11	Fees for services (non-employees):
a	Management ......	0
b	Legal .........	27,588
c	Accounting ...........	53,337
d	Lobbying ...........	0
e	Professional fundraising. See Part IV, line 17..	0
f	Investment management fees ......	0
g	Other ..........	0
12	Advertising and promotion ....	0
13	Office expenses .......	12,654
14	Information technology ......	0
15	Royalties ..	0
16	Occupancy ...........	0
17	Travel ............	0
18	Payments of travel or entertainment expenses for any federal, state, or local public officials ......	0
19	Conferences, conventions, and meetings ....	1,084
20	Interest ...........	0
21	Payments to affiliates .......	0
22	Depreciation, depletion, and amortization .....	0
23	Insurance ..............	10,311
24	Other expenses. Itemize expenses not covered above (List miscellaneous expenses in line 24f. If line 24f amount exceeds 10% of line 25, column (A) amount, list line 24f expenses on Schedule O.)
a	Consulting fees	27,500
b	Administration fees	133,200
c
d
e
f	All other expenses	0
25	Total functional expenses. Add lines 1 through 24f	5,550,251	0	0	0
26	Joint costs. Complete this line only if the organization reported in column (B) joint costs from a combined educational campaign and fundraising solicitation. Check here if following SOP 98-2 (ASC 958-720).


			(A) Beginning of year		(B) End of year
1	Cashnon-interest-bearing ..........		378,285	1	607,848
2	Savings and temporary cash investments .......		186,744	2	275,950
3	Pledges and grants receivable, net .........			3	0
4	Accounts receivable, net .........		306,996	4	454,658
5	Receivables from current and former officers, directors, trustees, key employees, and highest compensated employees. Complete Part II of
	Schedule L ..........			5	0
6	Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B). Complete Part II of
	Schedule L ..........			6	0
7	Notes and loans receivable, net .............			7	0
8	Inventories for sale or use ..............			8	0
9	Prepaid expenses and deferred charges ............		1,259	9	1,012
10a	Land, buildings, and equipment: cost or other basis. Complete Part VI of Schedule D	10a
b	Less: accumulated depreciation. .....	10b		10c	0
11	Investments—publicly traded securities ..........		6,378,483	11	6,712,648
12	Investments—other securities. See Part IV, line 11 ......			12	0
13	Investments—program-related. See Part IV, line 11 ..			13	0
14	Intangible assets .........			14	0
15	Other assets. See Part IV, line 11 ...........		43,748	15	50,246
16	Total assets. Add lines 1 through 15 (must equal line 34)...		7,295,515	16	8,102,362
17	Accounts payable and accrued expenses .		30,191	17	51,181
18	Grants payable ..........			18
19	Deferred revenue ..........		460,984	19	688,765
20	Tax-exempt bond liabilities ..........			20
21	Escrow or custodial account liability. Complete Part IV of Schedule D..			21
22	Payables to current and former officers, directors, trustees, key employees, highest compensated employees, and disqualified
	persons. Complete Part II of Schedule L..........			22
23	Secured mortgages and notes payable to unrelated third parties ..			23
24	Unsecured notes and loans payable to unrelated third parties ....			24
25	Other liabilities (including federal income tax, payables to related third parties, and other liabilities not included on lines 17-24). Complete Part X of Schedule D.....		8,835,289	25	12,502,919
26	Total liabilities. Add lines 17 through 25.....		9,326,464	26	13,242,865
	Organizations that follow SFAS 117, check here and complete lines 27 through 29, and lines 33 and 34.
27	Unrestricted net assets .....			27
28	Temporarily restricted net assets .....			28
29	Permanently restricted net assets .....			29
	Organizations that do not follow SFAS 117, check here and complete lines 30 through 34.
30	Capital stock or trust principal, or current funds .....			30
31	Paid-in or capital surplus, or land, building or equipment fund .....			31
32	Retained earnings, endowment, accumulated income, or other funds		-2,030,949	32	-5,140,503
33	Total net assets or fund balances .....		-2,030,949	33	-5,140,503
34	Total liabilities and net assets/fund balances .....		7,295,515	34	8,102,362