Egyptian Area Schools Employee Benefit Association Trust
- Assets
- $16.9m
- Revenue
- $83.8m
- Investments
- $0.0
- Employees
- 0
- Location
- Shiloh, IL
- Founding
- 05/1984
- Data as of
- 06/2016
- EIN
- 37-1156166
Organization Overview
Egyptian Area Schools Employee Benefit Association Trust is located in Shiloh, IL. The organization was established in 1984. 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. Egyptian Area Schools Employee Benefit Association Trust is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2016
Describe the Organization's Mission:
Part 3 - Line 1
HEALTH, DENTAL AND LIFE INSURANCE PROVIDER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE MEDICAL AND DENTAL BENEFITS AND LIFE INSURANCE FOR ELIGIBLE EMPLOYEES AND DEPENDENTS OF PARTICIPATING SCHOOL DISTRICTS IN THE STATE OF ILLINOIS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Jeffrey N Dosier Chairman | OfficerTrustee | 12 | $3,600 |
Matthew J Klosterman Vice Chairma | OfficerTrustee | $0 | |
David Lett Board Member | Trustee | $0 | |
Mike Brink Board Member | Trustee | $0 | |
Aletta Lawrence Board Member | Trustee | $0 | |
Brad Lee Board Member | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $119,094 |
| 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 | $83,812,756 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $77,332,390 |
| 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 | $122,126 |
| Fees for services: Accounting | $37,569 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,144,034 |
| 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 | $83,540,781 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $4,876,913 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,267,817 |
| 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 | $6,164 |
| Investments—publicly traded securities | $8,783,185 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | -$26,706 |
| Total assets | $16,907,373 |
| Accounts payable and accrued expenses | $24,443 |
| Grants payable | $0 |
| Deferred revenue | $3,233,624 |
| 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 | $12,500,000 |
| Total liabilities | $15,758,067 |
| 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 |
| Total liabilities and net assets/fund balances | $1,149,306 |