Union Sponsored Health Benefits Tr
- Assets
- $0.0
- Revenue
- $311.0
- Investments
- $0.0
- Employees
- 0
- Location
- Milwaukee, WI
- Founding
- 04/2010
- Data as of
- 12/2020
- EIN
- 27-6260790
Organization Overview
Union Sponsored Health Benefits Tr is located in Milwaukee, WI. The organization was established in 2010. According to its NTEE Classification (E80) the organization is classified as: Health (General & Financing), under the broad grouping of Health Care and related organizations. Union Sponsored Health 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 12/2020, Union Sponsored Health Benefits Tr generated $311.0 in total revenue. All expenses for the organization totaled $9.3m during the year ending 12/2020.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION IS A VOLUNTARY EMPLOYEES BENEFICIARY ASSOCIATION ESTABLISHED TO PROVIDE HEALTH BENEFITS TO ACTIVE AND RETIRED REPRESENTED EMPLOYEES AND CERTAIN OF THEIR DEPENDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THIS TRUST IS A VOLUNTARY EMPLOYEES BENEFICIARY ASSOCIATION THAT WAS ESTABLISHED FOR THE PURPOSE OF PROVIDING ACTIVE AND POST RETIREMENT HEALTH BENEFITS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Institutional Trustee | $1,000 | ||
Michael Wilde Chair | Officer | $0 | |
John Ross Secretary | Officer | $0 |
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 | $0 |
| Investment income | $311 |
| 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 | $311 |
| 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 | $9,335,526 |
| Compensation of current officers, directors, key employees. | $1,000 |
| 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 | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| 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 | $0 |
| All other expenses | $0 |
| Total functional expenses | $9,336,526 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $0 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $0 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Oeu-965 Health Benefit Plan Springfield, IL | $22,470,499 | $12,801,499 |
Iowa Life And Health Insurance Guaranty Association Des Moines, IA | $11,629,327 | $10,389,227 |
Caringbridge Eagan, MN | $5,186,201 | $10,947,977 |
Union Sponsored Health Benefits Tr Milwaukee, WI | $0 | $311 |
Iowa Prescription Drug Corporation Grimes, IA | $1,322,646 | $8,932,847 |
Wisconsin Statewide Health Information Network Inc Madison, WI | $3,172,138 | $5,065,926 |
Hoffer Plastics Corporation Health Benefit Plan Trust South Elgin, IL | -$29,195 | $3,942,624 |
Ridgeview Insurance Company Waconia, MN | $15,758,174 | $5,649,274 |
Muskegon Community Health Project Muskegon, MI | $19,396,856 | $3,559,926 |
Health Net Of West Michigan Grand Rapids, MI | $1,418,200 | $3,407,263 |
Preferredone Community Health Plan Golden Valley, MN | $2,826,703 | $1,188,255 |
Elks Veterans Memorial Restoration Trust Chicago, IL | $10,789,818 | $2,219,923 |