Oklahoma Gas & Electric Company Medical Benefit Tr
- Assets
- $16.2m
- Revenue
- $9.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Oklahoma City, OK
- Founding
- 06/1998
- Data as of
- 12/2021
- EIN
- 36-4054466
Organization Overview
Oklahoma Gas & Electric Company Medical Benefit Tr is located in Oklahoma City, OK. The organization was established in 1998. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Oklahoma Gas & Electric Company Medical Benefit 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, Oklahoma Gas & Electric Company Medical Benefit Tr generated $9.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (6.7%) each year. All expenses for the organization totaled $7.0m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (9.6%) per year over the past 7 years. 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
PROVIDE MEDICAL BENEFITS TO MEMBERS
Describe the Organization's Program Activity:
Part 3 - Line 4a
FUNDS WERE DISBURSED TO COVER AND PAY FOR MEMBERS' CLAIMS FOR MEDICAL BENEFITS DURING THE 2018 CALENDAR YEAR.
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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 | $8,301,672 |
| Investment income | $810,770 |
| 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 | $9,112,442 |
| 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 | $6,996,230 |
| Compensation of current officers, directors, key employees. | $16,170 |
| 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 | $1,275 |
| 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 | $7,013,675 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,704,224 |
| 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 | $11,520,101 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | -$201 |
| Total assets | $16,224,124 |
| 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 | $16,224,124 |
| 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 | $16,224,124 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Usaa Employee Benefit Association Medical Acctive Lives Trust San Antonio, TX | $1,542,084 | $18,530,439 |
Plumbers Welfare Fund-68 Houston, TX | $14,578,428 | $15,954,972 |
International Brotherhood Of Electrical Workers Vacation Fund St Louis, MO | $21,682,706 | $21,060,476 |
St Louis Labor Healthcare Network St Louis, MO | $51,048,530 | $16,900,714 |
Colorado Laborers Health And Welfare Fund Aurora, CO | $54,174,853 | $17,945,375 |
Automotive Petroleum And Allied Industries Employees Welfare Fund Earth City, MO | $29,790,282 | $16,918,910 |
Ibew-Neca Holiday Trust Fund Local No 1 St Louis, MO | $21,242,231 | $18,382,652 |
Mo-Kan Iron Workers Welfare Fund Kansas City, MO | $33,911,969 | $17,390,399 |
Ufcw Union Local No 88 Employers Health & Welfare Fund St Louis, MO | $15,413,349 | $16,390,136 |
Bancfirst Corporation Employees Benefit Trust Oklahoma City, OK | $5,938,053 | $16,220,093 |
Plumbers And Pipefitters Local Union No 286 Health And Welfare Fu Albuquerque, NM | $14,092,703 | $21,020,682 |
Cn Enterprises Health Plan Tr Ada, OK | $2,643,128 | $14,907,101 |