Ascension Welfare Benefits Trust

Organization Overview

Ascension Welfare Benefits Trust is located in St Louis, MO. The organization was established in 2001. 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.

For the year ending 12/2019, Ascension Welfare Benefits Trust generated $324.2m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 3.4% each year. All expenses for the organization totaled $337.4m during the year ending 12/2019. While expenses have increased by 3.9% per year over the past 5 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2019

Describe the Organization's Mission:

Part 3 - Line 1

TO RECEIVE, HOLD, & INVEST CONTRIBUTIONS FOR EMPLOYEE HEALTH, DISABILITY, & LIFE BENEFIT PLANS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

NATIONAL HEALTHCARE PLAN PROVIDES PRESCRIPTION, DENTAL, VISION AND EMPLOYEE ASSISTANCE PROGRAMS FOR EMPLOYEES OF ASCENSION HEALTH AND ITS RELATED ORGANIZATIONS.


DISABILITY PLAN PROVIDES LONG-TERM AND SHORT-TERM DISABILITY BENEFITS FOR EMPLOYEES OF ASCENSION HEALTH AND ITS RELATED ORGANIZATIONS.


GROUP LIFE PLANS PROVIDES LIFE, SUPPLEMENTAL LIFE, AND ACCIDENTAL DEATH AND DISMEMBERMENT BENEFITS FOR EMPLYEES OF ASCENSION HEALTH AND ITS RELATED ORGANIZATIONS.


PROVIDES RETIREE MEDICAL BENEFITS FOR EMPLOYEES OF ASCENSION HEALTH AND ITS RELATED ORGANIZATIONS.


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Board, Officers & Key Employees

Name (title)Compensation
Name Not Listed
Trustee
$125

Financial Statements

Statement of Revenue
Total Revenue from Contributions, Gifts, Grants & Similar$0
Investment income $11,912,286
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $2,892,418
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $324,182,954

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