California Teachers Association Emp Health & Wel Benefits Tr 011994
- Assets
- $27.6m
- Revenue
- $24.8m
- Investments
- $0.0
- Employees
- 0
- Location
- Portland, OR
- Founding
- 04/1994
- Data as of
- 08/2021
- EIN
- 94-6667029
Organization Overview
California Teachers Association Emp Health & Wel Benefits Tr 011994 is located in Portland, OR. The organization was established in 1994. 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. California Teachers Association Emp Health & Wel Benefits Tr 011994 is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.
For the year ending 08/2021, California Teachers Association Emp Health & Wel Benefits Tr 011994 generated $24.8m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of 0.0% each year. All expenses for the organization totaled $24.7m during the year ending 08/2021. 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
PROVIDE HEALTH AND WELFARE BENEFITS TO ELIGIBLE PARTICIPANTS
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED HEALTH AND WELFARE BENEFITS TO ELIGIBLE ACTIVE AND RETIRED PARTICIPANTS AND THEIR DEPENDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
E Toby Boyd Trustee | Trustee | 2 | $0 |
David Goldberg Chairman | Trustee | 3 | $0 |
Rose Nunez Trustee | Trustee | 2 | $0 |
Jill Coert Trustee | Trustee | 2 | $0 |
Jess Lima Trustee | Trustee | 2 | $0 |
Jake Anderson Co-Chairman | Trustee | 3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Anthem Blue Cross Of California Claims Administration | 8/30/21 | $697,117 |
The William C Earhart Company Contract Administration | 8/30/21 | $246,834 |
Express Scripts Pharmacy Claims Admin | 8/30/21 | $196,349 |
Milliman Consulting | 8/30/21 | $143,928 |
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 | $23,312,979 |
| Investment income | $659,139 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $809,387 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $24,787,505 |
| 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 | $22,672,051 |
| 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 | $244,008 |
| Fees for services: Legal | $121,582 |
| Fees for services: Accounting | $84,396 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $25,000 |
| Fees for services: Other | $1,447,180 |
| Advertising and promotion | $0 |
| Office expenses | $60,253 |
| 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 | $2,737 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $43,283 |
| All other expenses | $0 |
| Total functional expenses | $24,700,490 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,193,843 |
| Savings and temporary cash investments | $10,621 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,039,974 |
| 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 | $14,220 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $22,340,122 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $27,598,780 |
| Accounts payable and accrued expenses | $289,235 |
| 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 | $1,848,700 |
| Total liabilities | $2,137,935 |
| 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 | $25,460,845 |
| Total liabilities and net assets/fund balances | $27,598,780 |