Health Care Service Corporation Employees Welfare Benefit Trust

Organization Overview

Health Care Service Corporation Employees Welfare Benefit Trust is located in Richardson, TX. The organization was established in 1995. According to its NTEE Classification (Y43) the organization is classified as: Voluntary Employees Beneficiary Associations (Non-Government), under the broad grouping of Mutual & Membership Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Health Care Service Corporation Employees Welfare Benefit Trust is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.

For the year ending 12/2021, Health Care Service Corporation Employees Welfare Benefit Trust generated $5.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 39.7% each year . All expenses for the organization totaled $1.3m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TRUST EXISTS TO PROVIDE ACCUMULATED FUNDING FOR FUTURE POST RETIREMENT HEALTH CARE RELATED COVERAGE FOR A PORTION OF THE SPONSORING COMPANIES RETIREES AND THEIR DEPENDENTS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

TRUST EXISTS TO PROVIDE ACCUMULATED FUNDING FOR FUTURE POST RETIREMENT HEALTH CARE RELATED COVERAGE FOR A PORTION OF THE SPONSORING COMPANIES RETIREES AND THEIR DEPENDENTS.


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Board, Officers & Key Employees

Name (title)Compensation
Name Not Listed
Trustee
$47,355
Hcsc Plan Administrative Comm
Trustee
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
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$0
Total Program Service Revenue$0
Investment income $5,252,306
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $672,773
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $5,925,079

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