Gold Coast Joint Benefits Trust
- Assets
- $21.0m
- Revenue
- $60.9m
- Investments
- $0.0
- Employees
- 0
- Location
- Stockton, CA
- Founding
- 11/1991
- Data as of
- 06/2021
- EIN
- 95-4286060
Organization Overview
Gold Coast Joint Benefits Trust is located in Stockton, CA. The organization was established in 1991. 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. Gold Coast Joint Benefits 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, Gold Coast Joint Benefits Trust generated $60.9m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.7%) each year. All expenses for the organization totaled $56.5m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (0.7%) per year over the past 6 years. 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
PROVIDING MEDICAL, DENTAL AND WELFARE BENEFITS TO ELIGIBLE PARTICIPANTS ON A GROUP BASIS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING MEDICAL, DENTAL AND WELFARE BENEFITS TO ELIGIBLE PARTICIPANTS ON A GROUP BASIS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carlos Dominguez Employer Director | Trustee | 1 | $0 |
Kathrine Riley Employee Director Alternate | Trustee | 1 | $0 |
Carol Peek Employee Director Alternate | Trustee | 1 | $0 |
Patricia Marshall Employer Director | Trustee | 1 | $0 |
Diane Dominguez Employee Director | Trustee | 1 | $0 |
Ruthie Quinto Employer Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Delta Fund Administrators Administrative Fees | 6/29/21 | $307,470 |
Delta Health Systems Administrative Fees | 6/29/21 | $511,546 |
Delta Dental Administrative Fees | 6/29/21 | $195,041 |
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 | $56,509,406 |
| Investment income | $308,856 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $58,956 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $60,904,849 |
| 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 | $54,768,054 |
| 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 | $826,256 |
| Fees for services: Legal | $95,797 |
| Fees for services: Accounting | $57,810 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $34,442 |
| Fees for services: Other | $640,507 |
| Advertising and promotion | $0 |
| Office expenses | $42,677 |
| 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 | $51,844 |
| All other expenses | $12,347 |
| Total functional expenses | $56,529,734 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,291,411 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,092,554 |
| 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 | $12,863 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $15,617,789 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $21,014,617 |
| Accounts payable and accrued expenses | $130,746 |
| 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 | $4,698,993 |
| Total liabilities | $4,829,739 |
| 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 | $16,184,878 |
| Total liabilities and net assets/fund balances | $21,014,617 |