Michigan Public Employees Benefit Trust
- Assets
- $0.0
- Revenue
- $96.0
- Investments
- $0.0
- Employees
- 0
- Location
- Detroit, MI
- Founding
- 08/1988
- Data as of
- 12/2021
- EIN
- 38-2750682
Organization Overview
Michigan Public Employees Benefit Trust is located in Detroit, MI. The organization was established in 1988. 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. Michigan Public Employees Benefit Trust 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, Michigan Public Employees Benefit Trust generated $96.0 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 (74.4%) each year. All expenses for the organization totaled $2.0m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Michigan Public Employees Benefit Trust has awarded 39 individual grants totaling $3,682,988. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION PROVIDES VARIOUS HEALTH/WELFARE BENEFITS TO VOLUNTARY PARTICIPATING MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SINCE 2016 AND DURING THE REPORTING PERIOD THE ORGANIZATION DID NOT HAVE ANY MEMBERS AND IT HAD NO ACTIVE BENEFIT PLANS. THE TRUSTEES OF MEMBA AND OF ITS SUCCESSOR PET HAVE CONSIDERED HOW THE ORGANIZATION COULD CONTINUE TO PROVIDE MEDICAL, LIFE, AND SICKNESS AND ACCIDENT BENEFITS. THE PET BOARD OF TRUSTEES BEGAN DEVELOPING A PLAN FOR TERMINATION OF THE ORGANIZATION AND DISTRIBUTION OF ITS RESIDUAL ASSETS.AS PART OF THE PROCESS TO LIQUIDATE FUNDS AND TERMINATE THE ORGANIZATION, THE ORGANIZATION PRE-PAID ALL REMAINING EXPENSES AND DISBURSED FUNDS TO VARIOUS 501(C)(3) ORGANIZATIONS BASED ON A PREDETERMINED DISTRIBUTION PLAN ADOPTED BY THE BOARD OF TRUSTEES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Hecker Chairperson | OfficerTrustee | 1 | $5,250 |
Ron Bieber Trustee | Trustee | 1 | $0 |
Douglas Stockwell Trustee | Trustee | 1 | $0 |
Jeremy Tripp Trustee | Trustee | 1 | $0 |
Lawrence Roehrig Trustee | Trustee | 1 | $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 | $0 |
| Investment income | $96 |
| 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 | $96 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,807,988 |
| 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. | $5,250 |
| 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 | $4,096 |
| Fees for services: Accounting | $14,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $72,094 |
| Advertising and promotion | $0 |
| Office expenses | $10,260 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $312 |
| 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 | $93,781 |
| All other expenses | $0 |
| Total functional expenses | $1,991,371 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| 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 | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $0 |
| 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 | $0 |
| 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 | $0 |
Grants Awarded
Over the last fiscal year, Michigan Public Employees Benefit Trust has awarded $1,807,988 in support to 20 organizations.
| Grant Recipient | Amount |
|---|---|
MI ASSOCIATION OF UNITED WAYS LABOR PROGRAM PURPOSE: GENERAL PURPOSE | $216,494 |
GREATER LANSING FOOD BANK PURPOSE: GENERAL PURPOSE | $37,500 |
FOOD BANK OF EASTERN MICHIGAN PURPOSE: GENERAL PURPOSE | $37,500 |
GLEANERS COMMUNITY FOOD BANK OF SE MICHIGAN PURPOSE: GENERAL PURPOSE | $37,500 |
FORGOTTEN HARVEST PURPOSE: GENERAL PURPOSE | $37,500 |
MI STATE AFL-CIO LABOR FOUNDATION PURPOSE: GENERAL PURPOSE | $150,000 |