City Of Coeur Dalene Employee Benefits Tr

Organization Overview

City Of Coeur Dalene Employee Benefits Tr is located in Coeur Dalene, ID. According to its NTEE Classification (Y44) the organization is classified as: Voluntary Employees Beneficiary Associations 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. City Of Coeur Dalene 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 09/2023, City Of Coeur Dalene Employee Benefits Tr generated $5.9m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 3.2% each year. All expenses for the organization totaled $5.2m during the year ending 09/2023. While expenses have increased by 12.8% per year over the past 4 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

THE CITY OF COEUR D'ALENE EMPLOYEE BENEFITS TRUST WAS ESTABLISHED TO PROVIDE HEALTHCARE COVERAGE FOR ITS EMPLOYEES THROUGH A SELF-FUNDED HEALTHCARE BENEFIT PLAN. THE PLAN WAS APPROVED BY THE STATE OF IDAHO DEPARTMENT OF INSURANCE IN DECEMBER OF 2019 THE PLAN IS FUNDED THROUGH CONTRIBUTIONS FROM BOTH THE CITY AND THE EMPLOYEES. THE PLAN IS FUNDED THROUGH AN IRREVOCABLE TRUST FUND IN ACCORDANCE WITH THE TERMS SET FORTH IN CHAPTER 40, TITLE 41, OF THE IDAHO CODE. THE PLAN AND THE IRREVOCABLE TRUST FUND ARE MANAGED AND ADMINISTERED BY TRUSTEES THROUGH AN ENTITY THAT IS SEPARATE AND INDEPENDENT FROM THE CITY OF COEUR D'ALENE. ALL FUNDS CONTRIBUTED TO THE IRREVOCABLE TRUST FUND ARE FIDUCIARY FUNDS HELD IN THE NAME OF THE PLAN FOR THE BENEFIT OF ELIGIBLE EMPLOYEES AND THEIR DEPENDENTS. THE PLAN WAS INITIATED ON JANUARY 1, 2020. THE ACTIVITIES OF THE TRUST ARE 100% DEDICATED TO PROVIDING HEALTHCARE BENEFITS TO THE EMPLOYEES OF THE CITY OF COEUR D'ALENE AND THEIR DEPENDENTS. THE ACTIVITIES OF T

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROVIDING OPTIONAL HEALTH CARE BENEFITS TO THE EMPLOYEES OF THE CITY OF COEUR D ALENE.


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Board, Officers & Key Employees

Name (title)Compensation
Randall R Adams
Board Chair
$0
Bill Dodd
Vice Chair
$0
Vonnie Jensen
Treasurer
$0
Melissa Tosi
Secretary
$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$5,654,888
Investment income $40,663
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 $5,865,717

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