Wisconsin Education Association Insurance Trust
- Assets
- $221.7m
- Revenue
- -$6.6m
- Investments
- $192.3m
- Employees
- 0
- Location
- Madison, WI
- Founding
- 03/1971
- Data as of
- 12/2021
- EIN
- 39-1142212
Organization Overview
Wisconsin Education Association Insurance Trust is located in Madison, WI. The organization was established in 1971. 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. Wisconsin Education Association Insurance Trust is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE THE HEALTH AND FINANCIAL SECURITY OF TRUST PARTICIPANTS BY PROVIDING EXCELLENT BENEFIT PROGRAMS AND OUTSTANDING PERSONAL SERVICE THAT RESPECTS THE DIGNITY AND WORTH OF EVERY MEMBER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE HEALTH AND WELFARE BENEFITS TO PARTICIPANTS THROUGH INSURANCE PROGRAMS UNDERWRITTEN BY AN AFFILIATED ORGANIZATION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Trustee | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Survey & Ballot Systems Inc Election Services | 12/30/15 | $105,298 |
Wea Insurance Corporation Administrative Services | 12/30/15 | $573,480 |
Dewitt Ross & Stevens Legal Services | 12/30/15 | $299,683 |
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 | $423,528 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$7,153,318 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | -$6,610,775 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $114,500 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $18,683 |
| 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 | $0 |
| Fees for services: Legal | $12,778 |
| Fees for services: Accounting | $50,361 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $107,808 |
| Fees for services: Other | $71,387 |
| Advertising and promotion | $66,500 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $125,000 |
| Travel | $1,709 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $89,329 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $973,647 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,756,569 |
| Savings and temporary cash investments | $300,368 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $168,812 |
| Investments—publicly traded securities | $24,480,893 |
| Investments—other securities | $192,313,247 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $657,225 |
| Total assets | $221,677,114 |
| Accounts payable and accrued expenses | $18,548 |
| 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 | $5,077,163 |
| Total liabilities | $5,095,711 |
| 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 | $216,581,403 |
| Total liabilities and net assets/fund balances | $221,677,114 |
Grants Awarded
Over the last fiscal year, Wisconsin Education Association Insurance Trust has awarded $107,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Madison, WI PURPOSE: General Purposes | $100,000 |
Madison, WI PURPOSE: General Purposes | $7,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Dte Energy Company Veba Tr Detroit, MI | $1,684,046,247 | $124,695,539 |
Automobile Mechanics-701 Union And Industry Welfare Fund-Trust Burr Ridge, IL | $251,648,514 | $107,015,909 |
National Board Of Ymca Employee Benefit Trust Chicago, IL | $37,583,698 | $83,776,536 |
Mcmaster-Carr Supply Co Employees Welfare Tr Elmhurst, IL | $451,957,330 | $124,315,819 |
Exxon Mobil Master Welfare Benefit Trust Chicago, IL | $112 | $87,541,130 |
Michigan Regional Council Of Carpenters Employee Benes Veba Fd Troy, MI | $71,378,696 | $86,420,144 |
Exelon Corporation Employees Benefit Trust For Union Employees Chicago, IL | $1,320,710,962 | -$13,082,698 |
Plumbers Welfare Fund-130 U A Chicago, IL | $169,410,455 | $79,585,968 |
North Central States Regional Council Of Carpenters Health Fund Eau Claire, WI | $165,171,349 | $79,291,900 |
Cna Employees Health Plan Chicago, IL | $11,475,946 | $80,077,553 |
Electrical Workers Insurance Fund Madison Heights, MI | $149,911,774 | $72,595,227 |
Michigan Laborers Health And Welfare Fund Lansing, MI | $136,718,514 | $70,381,182 |