Walgreen Benefit Fund
- Assets
- $25.9m
- Revenue
- $4.3m
- Investments
- $25.4m
- Employees
- 0
- Location
- Deerfield, IL
- Founding
- 11/1939
- Data as of
- 04/2022
- EIN
- 36-6051130
Organization Overview
Walgreen Benefit Fund is located in Deerfield, IL. The organization was established in 1939. 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. Walgreen Benefit Fund is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 04/2022, Walgreen Benefit Fund generated $4.3m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 10.3% each year . All expenses for the organization totaled $2.1m during the year ending 04/2022. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Oettinger President | 2.5 | $0 | |
Kenneth W Orvis Board Member(ended 4/2022) | 0.25 | $0 | |
Lisa Mansavage President (ended 3/2022) | 5 | $0 | |
John Gremer Board Member | 0.5 | $0 | |
Rosa E Doyle Secretary & Treasurer | 1.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,528,536 |
| Interest on Savings | $13 |
| Dividends & Interest | $546,661 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,238,572 |
| Capital Gain Net Income | $1,238,572 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $4,313,782 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $41,490 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $115 |
| Total operating and administrative expenses | $130,829 |
| Contributions, gifts, grants paid | $1,983,262 |
| Total expenses and disbursements | $2,114,091 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $57,166 |
| Savings and temporary cash investments | $313,964 |
| Net Accounts receivable | $147,679 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $1 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $25,880,638 |
| Accounts payable and accrued expenses | $23,878 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $23,878 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Learfield Communications Group Benefit Trust Inc Jefferson City, MO | $2,893,573 | $17,688,532 |
St Anthony's Med Cnt Prof & Gen Liab Milwaukee, WI | $0 | $2,384,132 |
Illinois Insurance Guaranty Fund Chicago, IL | $161,417,885 | $26,320,531 |
Healthalliance Benefit Plan Urbandale, IA | $4,354,956 | $14,851,406 |
Clara Abbott Foundation Abbott Park, IL | $224,191,754 | $3,270,470 |
Katten Muchin Rosenman Llp Employees Welfare Benefit Plan Tr Chicago, IL | $4,093,448 | $12,724,208 |
Komatsu America Corp Retiree Welfare Noncollectively Bargained Chicago, IL | $37,989,668 | $6,516,658 |
Buddig Employees Welfare Benefit Plan And Trust Homewood, IL | $1,411,169 | $11,307,142 |
Ford Meter Box Co Inc Employee Benefit Plan Wabash, IN | $2,576,706 | $10,783,533 |
Childrens Memorial Hospital Self Chicago, IL | $135,161,013 | $17,731,725 |
Evergy Inc Kansas City, MO | $82,354,163 | $13,097,270 |
Illinois Life & Health Insurance Guaranty Association Lisle, IL | $105,017,420 | $45,042,469 |