Management-Ila Managed Healthcare Employee Benefits Tr
- Assets
- $1.5b
- Revenue
- $773.9m
- Investments
- $0.0
- Employees
- 5
- Location
- New York, NY
- Founding
- 09/1997
- Data as of
- 12/2021
- EIN
- 13-3968546
Organization Overview
Management-Ila Managed Healthcare Employee Benefits Tr is located in New York, NY. The organization was established in 1997. 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. As of 12/2021, Management-Ila Managed Healthcare Employee Benefits Tr employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Management-Ila Managed Healthcare Employee Benefits Tr 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, Management-Ila Managed Healthcare Employee Benefits Tr generated $773.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.7% each year. All expenses for the organization totaled $730.6m during the year ending 12/2021. While expenses have increased by 3.9% per year over the past 7 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
VOLUNTARY EMPLOYEE BENEFIT ASSOCIATION (VEBA) TO ADMINISTER HEALTH AND WELFARE BENEFITS OF A TAFT HARTLEY FUND PROVIDING BENEFITS TO OVER 69,000 PARTICIPANTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AS OF 12/31/2021 THIS VOLUNTARY EMPLOYEE BENEFIT ASSOCIATION (VEBA) ADMINISTERED HEALTH AND WELFARE BENEFITS FOR 21,160 ACTIVE PARTICIPANTS AND 12,994 RETIRED OR SEPARATED PARTICIPANTS FOR WHICH, INCLUDING DEPENDENTS, INCLUDES OVER 78,000 PARTICIPANTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Laverne Thompson Executive Director | 0 | $260,716 | |
Robin Csabon Director Of Accounting | 0 | $242,823 | |
David F Adam Trustee | Trustee | 0 | $0 |
James Campbell Trustee | Trustee | 0 | $0 |
Willie Seymore Trustee | Trustee | 0 | $0 |
Michael Vigneron Trustee | Trustee | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cigna Health Care Administration | 12/30/21 | $11,881,861 |
Cvscaremark Administration | 12/30/21 | $1,945,748 |
Aetna Administration | 12/30/21 | $690,498 |
Boyd Watterson Asset Mgmt Llc Investment Manager | 12/30/21 | $1,095,542 |
The Lambos Firm Llp Attorney | 12/30/21 | $526,674 |
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 | $685,198,803 |
| Investment income | $7,115,604 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$278,924 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $773,864,686 |
| 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 | $722,928,849 |
| Compensation of current officers, directors, key employees. | $563,964 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $173,869 |
| Pension plan accruals and contributions | $20,856 |
| Other employee benefits | $0 |
| Payroll taxes | $40,287 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $992,505 |
| Fees for services: Accounting | $232,124 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $3,283,184 |
| Fees for services: Other | $83,829 |
| Advertising and promotion | $0 |
| Office expenses | $84,721 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $166,290 |
| Travel | $2,718 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $32,151 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $22,235 |
| Insurance | $273,495 |
| All other expenses | $353,928 |
| Total functional expenses | $730,577,321 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $51,301,331 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $136,582,452 |
| 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 | $152,994 |
| Net Land, buildings, and equipment | $108,203 |
| Investments—publicly traded securities | $843,791,302 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $432,609,017 |
| Total assets | $1,464,545,299 |
| Accounts payable and accrued expenses | $82,396,358 |
| 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 | $3,122,284 |
| Total liabilities | $85,518,642 |
| 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 | $1,379,026,657 |
| Total liabilities and net assets/fund balances | $1,464,545,299 |