Montana Unified School Trust
- Assets
- $24.4m
- Revenue
- $56.7m
- Investments
- $0.0
- Employees
- 0
- Location
- Helena, MT
- Founding
- 00/0000
- Data as of
- 06/2021
- EIN
- 81-0407145
Organization Overview
Montana Unified School Trust is located in Helena, MT. The organization was established in 0000. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Montana Unified School Trust is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.
For the year ending 06/2021, Montana Unified School Trust generated $56.7m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.6% each year. All expenses for the organization totaled $55.3m during the year ending 06/2021. While expenses have increased by 0.2% per year over the past 6 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
TO SERVE THE PUBLIC EDUCATION COMMUNITY OF MONTANA BY PROVIDING HIGH-QUALITY, COST EFFECTIVE HEALTH BENEFIT PLANS THROUGH THE MONTANA UNIFIED SCHOOL TRUST.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MONTANA UNIFIED SCHOOL TRUST (MUST) PROVIDES MEDICAL, DENTAL, AND VISION BENEFITS, LIFE INSURANCE, AD&D, AND DISABILITY BENEFITS FOR SCHOOL DISTRICT EMPLOYEES AND THEIR DEPENDENTS THROUGHOUT MONTANA. WE SERVED 4,600 EMPLOYEES THROUGHOUT THE YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jack Babon Chair | OfficerTrustee | 0.5 | $0 |
Brad Moore Vice Chair | OfficerTrustee | 0.5 | $0 |
Mark Roesler-Begalke Treasurer | OfficerTrustee | 0.5 | $0 |
Andrew Holmlund CEO Mssf | Officer | 1 | $0 |
Shawn Bubb Trustee | Trustee | 0.5 | $0 |
Dr Doug Reisig Trustee | Trustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Montana School Services Foundation Program Administrator | 6/29/21 | $2,132,399 |
Milliman Actuarial Services | 6/29/21 | $227,819 |
Paynewest Insurance Agent Commissions | 6/29/21 | $328,325 |
Businessolver Enrollment & Aca Services | 6/29/21 | $298,393 |
Health Care Service Corporation Claims Admin Services | 6/29/21 | $1,808,594 |
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 | $56,209,854 |
| Investment income | $306,846 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $178,308 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $56,695,008 |
| 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 | $49,031,663 |
| Compensation of current officers, directors, key employees. | $0 |
| 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 | $4,362,368 |
| Fees for services: Legal | $33,637 |
| Fees for services: Accounting | $21,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $33,306 |
| Fees for services: Other | $1,263,442 |
| Advertising and promotion | $45,000 |
| Office expenses | $2,845 |
| 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 | $998 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $72,968 |
| All other expenses | $0 |
| Total functional expenses | $55,250,500 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $5,859,024 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $755,716 |
| 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 | $19,167 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $17,670,176 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $71,187 |
| Total assets | $24,375,270 |
| Accounts payable and accrued expenses | $937,970 |
| Grants payable | $0 |
| Deferred revenue | $1,308,489 |
| 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 | $5,597,984 |
| Total liabilities | $7,844,443 |
| Net assets without donor restrictions | $16,530,827 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $24,375,270 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
School District 1 Health & Welfare Trust Fund Tualatin, OR | $35,939,491 | $102,437,300 |
Voluntary Employees Beneficiary Assoc Tr For Pub Empl State Of Wa Spokane, WA | $742,000,780 | $161,942,003 |
City Of Raleigh North Carolina Medical Benefits Trust Des Moines, IA | $85,320,655 | $76,909,925 |
Montana Unified School Trust Helena, MT | $24,375,270 | $56,695,008 |
Colorado Boards Of Education Self-Funded Trust Inc Denver, CO | $16,879,557 | $41,855,725 |
Educators Mutual Insurance Association Murray, UT | $192,680,781 | $54,287,384 |
School Administrators Welfare Trust Las Vegas, NV | $4,655,060 | $27,258,047 |
Snohomish County Pud Voluntary Employees Beneficiary Association Everett, WA | $16,394,373 | $24,051,615 |