Chamber Benefit Arrangement Of Indiana Trust
- Assets
- $23.5m
- Revenue
- $72.9m
- Investments
- $0.0
- Employees
- 0
- Location
- Indianapolis, IN
- Founding
- Data as of
- 12/2021
- EIN
- 83-6614110
Organization Overview
Chamber Benefit Arrangement Of Indiana Trust is located in Indianapolis, IN. Chamber Benefit Arrangement Of Indiana 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, Chamber Benefit Arrangement Of Indiana Trust generated $72.9m in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 46.0% each year . All expenses for the organization totaled $72.4m during the year ending 12/2021. While expenses have increased by 45.8% per year over the past 2 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
THE ORGANIZATION IS A MULTIPLE EMPLOYER WELFARE ARRANGEMENT (MEWA) WHICH PROVIDES MEDICAL AND PRESCRIPTION DRUG BENEFITS FOR ALL OF ITS MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVISION OF MEDICAL AND PRESCRIPTION DRUG BENEFITS FOR MEMBERS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer Elkin Trustee & Plan Administrat | Trustee | 1 | $0 |
Julie Grice Trustee | Trustee | 1 | $0 |
Seth Easterday Trustee | Trustee | 1 | $0 |
Jennifer Rider Trustee | Trustee | 1 | $0 |
Sara Smith Trustee | Trustee | 1 | $0 |
Kevin Flynn Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Consoliplex Indiana Benefits Llc Management Services | 12/30/21 | $729,448 |
Anthem Insurance Companies Inc Administrative Services | 12/30/21 | $4,219,160 |
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 | $72,883,884 |
| Investment income | $875 |
| 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 | $72,884,759 |
| 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 | $67,255,561 |
| 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 | $5,065,821 |
| Fees for services: Legal | $7,718 |
| Fees for services: Accounting | $50,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $5,494 |
| Fees for services: Other | $973 |
| 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 | $17,633 |
| All other expenses | -$652 |
| Total functional expenses | $72,402,548 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,889,773 |
| Savings and temporary cash investments | $494,729 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $7,303,134 |
| 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 | $188,228 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $10,656,837 |
| Total assets | $23,532,701 |
| Accounts payable and accrued expenses | $534,688 |
| 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 | $21,839,877 |
| Total liabilities | $22,374,565 |
| Net assets without donor restrictions | $1,158,136 |
| 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 | $23,532,701 |