Baylor Health Care Systems Employee Welfare Benefit Trust is located in Dallas, TX. 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. Baylor Health Care Systems Employee 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, Baylor Health Care Systems Employee Welfare Benefit Trust generated $593.7m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 14.2% each year . All expenses for the organization totaled $557.0m during the year ending 12/2021. While expenses have increased by 13.1% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDES EMPLOYEE BENEFITS TO EMPLOYEES OF BAYLOR SCOTT & WHITE HEALTH AND ITS AFFILIATES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDES HEALTHCARE, SURVIVOR AND DISABILITY, AND OTHER BENEFITS TO EMPLOYEES OF BAYLOR SCOTT & WHITE HEALTH AND ITS AFFILIATES.
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Unitedhealth Group (Dba Optum Rx) Pbm | 12/30/21 | $46,696,145 |
Baylor Health Enterprises Pharmacy | 12/30/21 | $67,106,589 |
Scott & White Memorial Hospital Medical Services | 12/30/21 | $45,000,132 |
Scott & White Clinic Medical Services | 12/30/21 | $33,781,418 |
Baylor University Medical Center Medical Services | 12/30/21 | $21,179,304 |
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 | $593,662,025 |
Investment income | $2,892 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $593,664,917 |
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 | $478,630,746 |
Compensation of current officers, directors, key employees. | $4,809 |
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 | $0 |
Fees for services: Accounting | $352,663 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $23,672,094 |
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 | $54,335,325 |
All other expenses | $0 |
Total functional expenses | $556,995,637 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $0 |
Savings and temporary cash investments | $34,814,512 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $18,570,386 |
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 | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $691,263 |
Total assets | $54,076,161 |
Accounts payable and accrued expenses | $5,360,582 |
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 | $5,360,582 |
Net assets without donor restrictions | $0 |
Net assets with donor restrictions | $0 |
Capital stock or trust principal, or current funds | $23,392,082 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Retained earnings, endowment, accumulated income, or other funds | $25,323,497 |
Total liabilities and net assets/fund balances | $54,076,161 |
Organization Name | Assets | Revenue |
---|---|---|
Baylor Health Care Systems Employee Welfare Benefit Trust Dallas, TX | $54,076,161 | $593,664,917 |
Bp Corporation North America Inc Veba Master Trust Houston, TX | $4,585,667 | $436,888,413 |
Schlumberger Master Health Care Trust Houston, TX | $1,063,460,289 | $854,608,964 |
Bank Of Amercia Retiree Group Benefits Program Dallas, TX | $117,373,753 | $197,895,743 |
Kohls Department Stores Inc Health And Welfare Benefits Trust Dallas, TX | $6,325,809 | $205,972,558 |
T I Employees Health Benefits Trust Dallas, TX | $15,764,500 | $176,812,694 |
Bank Of America Short-Term Disability Plan Trust Dallas, TX | $7,949,000 | $112,905,601 |
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Citgo Employees Benefit Trust Tulsa, OK | $49,627,698 | $95,340,803 |
Ibew-Neca Southwestern Health Benefit Fund Dallas, TX | $75,158,723 | $85,480,690 |
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