Californias Valued Trust
- Assets
- $240.2m
- Revenue
- $775.6m
- Investments
- $0.0
- Employees
- 41
- Location
- Fresno, CA
- Founding
- 03/1988
- Data as of
- 09/2022
- EIN
- 77-6009955
Organization Overview
Californias Valued Trust is located in Fresno, CA. The organization was established in 1988. According to its NTEE Classification (Y44) the organization is classified as: Voluntary Employees Beneficiary Associations Government), under the broad grouping of Mutual & Membership Benefit and related organizations. As of 09/2022, Californias Valued Trust employed 41 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Californias Valued Trust is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.
For the year ending 09/2022, Californias Valued Trust generated $775.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.5% each year. All expenses for the organization totaled $753.5m during the year ending 09/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE HEALTH AND WELFARE BENEFITS FOR ELIGIBLE EMPLOYEES, RETIREES AND THEIR DEPENDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE HEALTH AND WELFARE BENEFITS FOR ELIGIBLE EMPLOYEES, RETIREES AND THEIR DEPENDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Valerie Cornuelle Executive Director | Officer | 40 | $250,817 |
Robert Powers Dir. Of Financial Services | Officer | 40 | $166,233 |
Jeff Cornelius Dir. Of Strategic Initiatives | 40 | $136,382 | |
Tierney O'brien Dir Of Marketing & Bus Dev | 40 | $128,790 | |
Brook Paulsen It Manager | 40 | $122,153 | |
Nolan Clinard Business Analyst | 40 | $115,328 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Anthem Blue Cross Claims Admin Service | 9/29/22 | $16,529,102 |
Delta Dental Claims Admin Service | 9/29/22 | $3,424,626 |
Blue Shield Of California Aso Claims Admin Service | 9/29/22 | $2,177,715 |
Prudentrx Admin Service | 9/29/22 | $1,615,242 |
Cvs Admin Service | 9/29/22 | $1,053,761 |
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 | $767,154,321 |
| Investment income | $6,930,389 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $919,769 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $775,584,606 |
| 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 | $715,070,519 |
| Compensation of current officers, directors, key employees. | $493,696 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,433,965 |
| Pension plan accruals and contributions | $239,107 |
| Other employee benefits | $413,434 |
| Payroll taxes | $296,983 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $244,539 |
| Fees for services: Accounting | $161,564 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $170,650 |
| Fees for services: Other | $31,045,844 |
| Advertising and promotion | $254,909 |
| Office expenses | $575,502 |
| Information technology | $241,534 |
| Royalties | $0 |
| Occupancy | $126,688 |
| Travel | $139,368 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $81,779 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $166,113 |
| Insurance | $169,714 |
| All other expenses | $213,790 |
| Total functional expenses | $753,539,698 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $310 |
| Savings and temporary cash investments | $33,911,733 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $22,367,588 |
| 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 | $265,654 |
| Net Land, buildings, and equipment | $1,852,898 |
| Investments—publicly traded securities | $181,787,040 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $240,185,223 |
| Accounts payable and accrued expenses | $1,626,515 |
| Grants payable | $0 |
| Deferred revenue | $7,199,621 |
| 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 | $79,980,111 |
| Total liabilities | $88,806,247 |
| 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 | $151,378,976 |
| Total liabilities and net assets/fund balances | $240,185,223 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Southern California Schools Voluntary Employees Benefits Assoc San Diego, CA | $183,534,319 | $919,105,914 |
Californias Valued Trust Fresno, CA | $240,185,223 | $775,584,606 |
Ccpoa Insurance Division Trust Sacramento, CA | $257,150,998 | $347,227,931 |
Los Angeles Police Relief Association Inc Los Angeles, CA | $220,452,514 | $268,762,188 |
Teachers Health Trust Las Vegas, NV | $83,729,755 | $178,689,748 |
Cahp Health Benefits Trust Sacramento, CA | $174,128,495 | $195,508,787 |
Southern California Ibew-Neca Health Trust Fund Pasadena, CA | $146,900,015 | $128,851,965 |
School District 1 Health & Welfare Trust Fund Tualatin, OR | $35,939,491 | $102,437,300 |
Los Angeles Firemens Relief Association Los Angeles, CA | $301,793,711 | $126,355,681 |
Los Angeles County Fire Fighters Local 1014 El Monte, CA | $309,492,833 | $115,023,931 |
Metropolitan Employees Benefits Ass Ociation Trust San Diego, CA | $3,014,637 | $65,709,658 |
Producers Health Benefits Plan Raleigh Studios West Covina, CA | $31,226,794 | $35,763,235 |