Employee Benefit Trust Of Eastern Pennsylvania is located in Easton, PA. The organization was established in 1984. 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. Employee Benefit Trust Of Eastern Pennsylvania 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, Employee Benefit Trust Of Eastern Pennsylvania generated $131.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.1% each year. All expenses for the organization totaled $125.0m during the year ending 06/2021. While expenses have increased by 2.8% 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
HEALTH AND WELFARE TRUST
Describe the Organization's Program Activity:
Part 3 - Line 4a
HEALTH & WELFARE TRUST FOR PAYMENT OF MEDICAL BILLS FOR MEMBER SCHOOL DISTRICTS AND INTERMEDIATE UNITS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Hans Baltzersen Trust Manager | Officer | 2 | $0 |
Kelly Fox Secretary | Officer | 2 | $0 |
Dr Christopher Wolfel Chairperson | Trustee | 1 | $0 |
Kenneth Butz Trustee | Trustee | 1 | $0 |
Vicki Rishcoff Trustee | Trustee | 1 | $0 |
Jamie Achenbach Trustee | Trustee | 1 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Highmark Blue Cross Blue Shield Medical Claim Administration | 6/29/21 | $2,000,084 |
Capital Blue Cross Medical Claim Admininstraiton | 6/29/21 | $1,067,259 |
United Concordia Medical Claim Administration | 6/29/21 | $138,356 |
Colonial Intermediate Unit 20 Financial Administration | 6/29/21 | $183,951 |
Conrad Siegel Actuaries Actuarial Services | 6/29/21 | $155,886 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $111,800,146 |
Investment income | $239,042 |
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 | $131,382,117 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic individuals. | $0 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $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 | $0 |
Fees for services: Legal | $35,472 |
Fees for services: Accounting | $13,135 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $125,711 |
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 | $16,025 |
All other expenses | $0 |
Total functional expenses | $125,025,752 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $0 |
Savings and temporary cash investments | $71,985,918 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $6,209,793 |
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 | $0 |
Investments—publicly traded securities | $12,324,274 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $90,519,985 |
Accounts payable and accrued expenses | $14,771,547 |
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 | $0 |
Total liabilities | $14,771,547 |
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 |
Total liabilities and net assets/fund balances | $75,748,438 |
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