Agri-Business Benefit Trust Employee Health Care Plan
- Assets
- $13.3m
- Revenue
- $34.9m
- Investments
- $0.0
- Employees
- 0
- Location
- Hutchinson, KS
- Founding
- 06/1988
- Data as of
- 06/2022
- EIN
- 48-0958384
Organization Overview
Agri-Business Benefit Trust Employee Health Care Plan is located in Hutchinson, KS. 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. Agri-Business Benefit Trust Employee Health Care Plan is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.
For the year ending 06/2022, Agri-Business Benefit Trust Employee Health Care Plan generated $34.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.9% each year. All expenses for the organization totaled $35.1m during the year ending 06/2022. While expenses have increased by 3.4% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
HEALTH AND DENTAL BENEFITS
Describe the Organization's Program Activity:
Part 3 - Line 4a
A VOLUNTARY EMPLOYEE BENEFIT ASSOCIATION PROVIDING HEALTH AND DENTAL COVERAGE TO APPROXIMATELY 2,677 PARTICIPANTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jerald Kemmerer Chairperson | OfficerTrustee | 1 | $3,500 |
Jason Baker Secretary | OfficerTrustee | 1 | $1,100 |
Lacey Dalinghaus Director | Trustee | 1 | $900 |
Crystal Koett Assoc Direct | Trustee | 1 | $900 |
Connie Lacey Director | Trustee | 1 | $800 |
David Strecker Director | Trustee | 1 | $800 |
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 | $34,180,181 |
| Investment income | $322,981 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $362,535 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $34,865,717 |
| 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 | $34,148,902 |
| 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 | $9,110 |
| Fees for services: Accounting | $20,093 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $41,289 |
| Fees for services: Other | $100,000 |
| 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 | $15,447 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $33,287 |
| All other expenses | $0 |
| Total functional expenses | $35,051,167 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,464,900 |
| Savings and temporary cash investments | $413,752 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,260,631 |
| 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 | $19,666 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $10,138,822 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $13,297,771 |
| Accounts payable and accrued expenses | $4,315,312 |
| 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 | $4,315,312 |
| 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 | $8,982,459 |
| Total liabilities and net assets/fund balances | $13,297,771 |