Elk Grove Benefits Employee Retirement Trust is located in Elk Grove, CA. The organization was established in 1997. 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. Elk Grove Benefits Employee Retirement 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, Elk Grove Benefits Employee Retirement Trust generated $24.0m 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 $16.5m during the year ending 12/2021. While expenses have increased by 5.5% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE TRUST PROVIDES HEALTH AND WELFARE BENEFITS FOR RETIRED, ELIGIBLE EMPLOYEES AND ELIGIBLE DEPENDENTS OF ELK GROVE UNIFIED SCHOOL DISTRICT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE TRUST PROVIDES HEALTH AND WELFARE BENEFITS FOR THE RETIRED ELIGIBLE EMPLOYEES AND ELIGIBLE DEPENDENTS OF ELK GROVE UNIFIED SCHOOL DISTRICT.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Robert Pierce Mgmt. Director | Trustee | 0 | $0 |
David Reilly Mgmt. Co-Chair | Trustee | 0 | $0 |
Shannon Hayes Mgmt. Director | Trustee | 0 | $0 |
Armando Fernandez Labor Director | Trustee | 0 | $0 |
Amreek Singh Mgmt. Director | Trustee | 0 | $0 |
JD Watson Labor Co-Chair | Trustee | 0 | $0 |
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 | $4,514,988 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $3,446 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $24,003,210 |
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 | $15,923,854 |
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 | $329,562 |
Fees for services: Legal | $18,020 |
Fees for services: Accounting | $10,500 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $60,000 |
Fees for services: Other | $100,139 |
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 | $38,187 |
All other expenses | $0 |
Total functional expenses | $16,486,334 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $755,291 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $1,679,755 |
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 | $200,403,700 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $680,404 |
Total assets | $203,519,150 |
Accounts payable and accrued expenses | $23,200 |
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 | $92,201 |
Total liabilities | $115,401 |
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 | $45,779,972 |
Retained earnings, endowment, accumulated income, or other funds | $157,623,777 |
Total liabilities and net assets/fund balances | $203,519,150 |
Organization Name | Assets | Revenue |
---|---|---|
Producers Health Benefits Plan Raleigh Studios West Covina, CA | $31,226,794 | $35,763,235 |
School Administrators Welfare Trust Las Vegas, NV | $4,655,060 | $27,258,047 |
All City Employees Benefits Service Association Los Angeles, CA | $8,641,222 | $26,619,696 |
San Diego County Teamsters-Employers Insurance Trus San Diego, CA | $15,215,936 | $26,957,147 |
Ocu Health & Welfare Trust Covina, CA | $276,724,794 | $27,957,263 |
United Firefighters Of La City Local 112 Los Angeles, CA | $12,153,836 | $22,230,938 |
Los Angeles City Employees Assoc Los Angeles, CA | $3,929,148 | $17,394,043 |
Clark County Firefighters Union Las Vegas, NV | $43,051,788 | $17,162,626 |
Elk Grove Benefits Employee Retirement Trust Elk Grove, CA | $203,519,150 | $24,003,210 |
Las Vegas Firefighters Health & Welfare Trust Las Vegas, NV | $20,225,951 | $14,905,602 |
Public Employee Benefit Tr Of Ca Glendale, CA | $33,411 | $11,074,985 |
Sheriffs Relief Assn Of Los Angeles County Whittier, CA | $56,773,839 | $4,943,201 |