City Of Coeur Dalene Employee Benefits Tr
- Assets
- $3.2m
- Revenue
- $5.7m
- Investments
- $0.0
- Employees
- 0
- Location
- Coeur Dalene, ID
- Founding
- Data as of
- 09/2022
- EIN
- 35-2666649
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 09/2022, City Of Coeur Dalene Employee Benefits Tr generated $5.7m in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 3.2% each year. All expenses for the organization totaled $5.3m during the year ending 09/2022. 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
2022
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) | Role | Hours | Compensation |
|---|---|---|---|
Bill Dodd Vice Chair | OfficerTrustee | $0 | |
Vonnie Jensen Treasurer | OfficerTrustee | $0 | |
Brady Reed Secretary | OfficerTrustee | $0 | |
Melissa Tosi Board Chair | OfficerTrustee | $0 | |
Randall R Adams Trustee | Trustee | $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 | $5,463,146 |
| Investment income | $8,110 |
| 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 | $5,696,325 |
| 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 | $0 |
| 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 | $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 | $43,909 |
| 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 | $46,105 |
| Total functional expenses | $5,336,081 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,216,593 |
| 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 | $3,216,593 |
| 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 | $905,797 |
| Total liabilities | $905,797 |
| 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 | $2,310,796 |
| Total liabilities and net assets/fund balances | $3,216,593 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Clark County Firefighters Union Las Vegas, NV | $43,051,788 | $17,162,626 |
Las Vegas Firefighters Health & Welfare Trust Las Vegas, NV | $20,225,951 | $14,905,602 |
Iaff Local 726 Health And Welfare Trust Mukilteo, WA | $11,100,974 | $11,763,674 |
Voluntary Employees Beneficiary Association Post-Employment Health Spokane, WA | $74,536,004 | $17,907,291 |
Las Vegas Metropolitan Police Mang & Superv Assn Employee Benefit Tr Las Vegas, NV | $77,184,060 | $8,045,908 |
City Of Coeur Dalene Employee Benefits Tr Coeur Dalene, ID | $3,216,593 | $5,696,325 |
Washington State Council Of Fire Fighters Employee Benefit Tr Mukilteo, WA | $204,384,851 | $25,956,972 |
Oea Choice Welfare Trust Tigard, OR | $81,134,339 | $4,340,549 |
Seattle Police Offers Guild Benefit Tr Seattle, WA | $11,969,970 | $2,336,811 |
Gig Harbor Firefighters Union Health & Welfare Tr Gig Harbor, WA | $8,971,672 | $3,802,450 |
City Of Santa Clara Voluntary Employees Beneficiary Assoc Postre Spokane, WA | $40,078,075 | $5,347,183 |
Irvine Police Association Benefit Trust Mukilteo, WA | $36,017,388 | $4,694,245 |