Whitney Benefits Inc
- Assets
- $119.1m
- Revenue
- $6.8m
- Investments
- $102.6m
- Employees
- 0
- Location
- Sheridan, WY
- Founding
- 05/1928
- Data as of
- 06/2023
- EIN
- 83-0168511
Organization Overview
Whitney Benefits Inc is located in Sheridan, WY. The organization was established in 1928. According to its NTEE Classification (Y20) the organization is classified as: Insurance Providers, 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. Whitney Benefits Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2023, Whitney Benefits Inc generated $6.8m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.4%) each year. All expenses for the organization totaled $6.2m during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Whitney Benefits Inc has awarded 149 individual grants totaling $40,005,432. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kim Love Director | 2 | $0 | |
Roy Garber President | 5 | $0 | |
Sam Scott Director | 2 | $0 | |
Tom Belus Vice Preside | 5 | $0 | |
Stephen Holst Treasurer | 5 | $0 | |
Robert Prusak Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $869,512 |
| Interest on Savings | $185,559 |
| Dividends & Interest | $1,610,851 |
| Net Rental Income | $13,600 |
| Net Gain on Sale of Assets | $4,109,536 |
| Capital Gain Net Income | $4,109,536 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $20,870 |
| Total Revenue | $6,809,928 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $65,032 |
| Other employee salaries and wages | $553,690 |
| Pension plans, employee benefits | $130,093 |
| Interest | $0 |
| Taxes | $48,967 |
| Depreciation | $17,527 |
| Occupancy | $71,661 |
| Travel, conferences, and meetings | $24,579 |
| Printing and publications | $612 |
| Other expenses | $126,455 |
| Total operating and administrative expenses | $1,237,310 |
| Contributions, gifts, grants paid | $4,919,697 |
| Total expenses and disbursements | $6,157,007 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,283,757 |
| Net Accounts receivable | $8,312,402 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $82,273 |
| Net Investments - land, buildings, equipment | $719,396 |
| Investments—mortgage loans | $0 |
| Investments—other | $3,948,500 |
| Net Land, buildings, and equipment | $2,493,102 |
| Other assets | $1,610,882 |
| Total assets | $119,138,754 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $23,908,834 |
| Total liabilities | $23,908,834 |
Grants Awarded
Over the last fiscal year, Whitney Benefits Inc has awarded $4,919,697 in support to 18 organizations.
| Grant Recipient | Amount |
|---|---|
SHERIDAN COLLEGE PURPOSE: ASSIST - CENTENNIAL HOUSING | $284,000 |
SHERIDAN COLLEGE PURPOSE: ASSIST - FACULTY DIESEL TECHNOLOGY | $136,004 |
SHERIDAN COLLEGE PURPOSE: ASSIST - FACULTY WELDING | $136,004 |
SHERIDAN COLLEGE PURPOSE: ASSIST - AGRICULTURAL PROGRAM | $306,008 |
SHERIDAN COLLEGE PURPOSE: ASSIST - CNA PROGRAM | $18,002 |
SHERIDAN COLLEGE PURPOSE: ASSIST - MARKTING PROGRAM | $190,405 |