Schlumberger Master Health Care Trust is located in Houston, TX. The organization was established in 1984. 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, Schlumberger Master Health Care Trust generated $402.3m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 0.4% each year. All expenses for the organization totaled $403.1m during the year ending 12/2019. While expenses have increased by 0.4% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2019
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDING HEALTH AND WELFARE BENEFITS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING HEALTH AND WELFARE BENEFITS.
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Tad Taylor And Mcdermott Law Legal Svcs | 12/30/19 | $130,000 |
Towers Watson Acct/actuarial Svcs | 12/30/19 | $174,125 |
Nisa Investment Advisors Llc Investment Mgt Svcs | 12/30/19 | $899,117 |
Trustlink Accounting Svcs | 12/30/19 | $1,345,000 |
Sibson Consulting Consulting Svcs | 12/30/19 | $267,000 |
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 | $386,169,931 |
Investment income | $16,010,422 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $139,063 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $402,319,416 |
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 | $361,858,779 |
Compensation of current officers, directors, key employees. | $90,859 |
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 | $182,500 |
Fees for services: Accounting | $1,434,782 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $899,117 |
Fees for services: Other | $0 |
Advertising and promotion | $0 |
Office expenses | $0 |
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 | $0 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $0 |
Insurance | $0 |
All other expenses | $351 |
Total functional expenses | $403,066,267 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $0 |
Savings and temporary cash investments | $7,511,897 |
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 | $0 |
Investments—publicly traded securities | $867,788,967 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $875,300,864 |
Accounts payable and accrued expenses | $80,405 |
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 | $0 |
Total liabilities | $80,405 |
Net assets without donor restrictions | $0 |
Net assets with donor restrictions | $0 |
Capital stock or trust principal, or current funds | $875,220,459 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Retained earnings, endowment, accumulated income, or other funds | $0 |
Total liabilities and net assets/fund balances | $875,300,864 |
Organization Name | Assets | Revenue |
---|---|---|
Baylor Health Care Systems Employee Welfare Benefit Trust Dallas, TX | $3,404,574 | $473,232,765 |
Schlumberger Master Health Care Trust Houston, TX | $875,300,864 | $402,319,416 |
Bank Of Amercia Retiree Group Benefits Program Dallas, TX | $143,457,710 | $175,941,523 |
T I Employees Health Benefits Trust Dallas, TX | $15,184,237 | $152,478,044 |
Fluor Employee Benefit Trust-Veba Irving, TX | $8,846,784 | $110,683,069 |
Ibew-Neca Southwestern Health Benefit Fund Dallas, TX | $66,290,325 | $76,608,863 |
Medical And Life Benefits Plan Tr For Hourly Retirees Plano, TX | $231,755,409 | $44,423,549 |
Louisiana Sheriffs Association Group Benefits Tr Baton Rouge, LA | $28,086,797 | $75,985,794 |
Pipeline Industry Benefit Fund Tulsa, OK | $78,338,495 | $62,222,394 |
Bellsouth Corporation Rfa Life Veba Trust Dallas, TX | $1,444,846,889 | $232,669,614 |
Boy Scouts Of America Employee Welfare Benefits Plan Irving, TX | $17,288,612 | $1,384,292 |
Hensel Phelps Construction Co Employee Benefit Tr Dallas, TX | $5,503,850 | $37,656,659 |