General Employees Trust Fund
- Assets
- $148.4m
- Revenue
- $181.7m
- Investments
- $37.4m
- Employees
- 0
- Location
- Brisbane, CA
- Founding
- 10/1974
- Data as of
- 01/2022
- EIN
- 23-7404790
Organization Overview
General Employees Trust Fund is located in Brisbane, CA. The organization was established in 1974. According to its NTEE Classification (P33) the organization is classified as: Child Day Care, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. General Employees Trust Fund is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.
For the year ending 01/2022, General Employees Trust Fund generated $181.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.8% each year. All expenses for the organization totaled $177.2m during the year ending 01/2022. While expenses have increased by 5.5% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
MULTIEMPLOYER WELFARE BENEFIT PLAN PROVIDING HEALTH COVERAGE TO PARTICIPANTS ON WHOSE BEHALF EMPLOYERS CONTRIBUTE TO THE PLAN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MULTIEMPLOYER WELFARE BENEFIT PLAN PROVIDING HEALTH COVERAGE TO PARTICIPANTS ON WHOSE BEHALF EMPLOYERS CONTRIBUTE TO THE PLAN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charles Gilchrist Union Trustee | Trustee | 1 | $24,000 |
George Hernandez Employer Trustee | Trustee | 2 | $24,000 |
Tim Brekke Employer Trustee | Trustee | 1.5 | $24,000 |
Ray Nann Employer Trustee | Trustee | 1 | $24,000 |
Jim Beard Employer Trustee | Trustee | 1.5 | $24,000 |
H Jim Edwards Employer Trustee (alt.) | Trustee | 1 | $9,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Anthem Blue Cross Claim Processor | 1/30/22 | $818,784 |
Northwest Administrators Inc Administrator | 1/30/22 | $2,250,481 |
Delta Dental Dental Administrator | 1/30/22 | $348,751 |
Optum Rx Inc Claims Processor | 1/30/22 | $8,626,040 |
National Compliance Services Employer Compliance | 1/30/22 | $300,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,944,927 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,944,927 |
| Total Program Service Revenue | $177,843,072 |
| Investment income | $2,479,830 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$595,220 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $181,675,367 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $173,097,175 |
| Compensation of current officers, directors, key employees. | $129,000 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $2,250,481 |
| Fees for services: Legal | $141,857 |
| Fees for services: Accounting | $374,020 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $428,528 |
| Fees for services: Other | $476,785 |
| Advertising and promotion | $0 |
| Office expenses | $134,447 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $7,163 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $78,170 |
| All other expenses | $44,523 |
| Total functional expenses | $177,162,149 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $34,731,996 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $20,423,425 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $20,720 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $55,842,215 |
| Investments—other securities | $37,412,862 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $148,431,218 |
| Accounts payable and accrued expenses | $507,603 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $40,959,900 |
| Total liabilities | $41,467,503 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $106,963,715 |
| Total liabilities and net assets/fund balances | $148,431,218 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Alohacare Honolulu, HI | $178,821,617 | $508,376,761 |
General Employees Trust Fund Brisbane, CA | $148,431,218 | $181,675,367 |
Options For Learning Covina, CA | $50,858,117 | $104,312,259 |
Community Action Partnership Of San Luis Obispo County Inc San Luis Obispo, CA | $35,822,140 | $99,105,503 |
Kidango Inc Fremont, CA | $26,486,098 | $60,250,017 |
Wu Yee Childrens Services San Francisco, CA | $6,752,580 | $40,253,785 |
Community Child Care Coordinating Council Of Alameda County Hayward, CA | $5,365,652 | $37,609,581 |
Pathways La Los Angeles, CA | $7,866,630 | $33,308,303 |
Community Child Care Council Of Sonoma County Inc Santa Rosa, CA | $6,379,645 | $25,248,101 |
Bananas Incorporated Oakland, CA | $7,952,890 | $24,289,933 |
Central Valley Childrens Services Network Fresno, CA | $5,032,577 | $21,440,109 |
Creative Alternatives Turlock, CA | $16,460,273 | $17,191,691 |