Kaiser-Francis Employees Benefit Tr

Organization Overview

Kaiser-Francis Employees Benefit Tr is located in Tulsa, OK. The organization was established in 1988. 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. Kaiser-Francis Employees Benefit Tr 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, Kaiser-Francis Employees Benefit Tr generated $8.1m 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 (8.3%) each year. All expenses for the organization totaled $7.7m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (8.5%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE PLAN PROVIDES HEALTH, DISABILITY AND DEATH BENEFITS COVERING SUBSTANTIALLY ALL FULLTIME EMPLOYEES OF THE COMPANY. THE COMPANY IS THE FUNDING VEHICLE FOR HOLDING CONTRIBUTIONS UNTIL BENEFITS ARE PAID.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE KAISER FRANCIS OIL COMPANY VOLUNTARY BENEFICIAL HEALTH TRUST IS A VOLUNTARY EMPLOYEE'S BENEFICIARY ASSOCIATION UNDER IRC SECTION 501(C)(9). IT PROVIDES MEDICAL BENEFITS FOR THE EMPLOYEES OF KAISER FRANCIS OIL COMPANY.


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Board, Officers & Key Employees

Name (title)Compensation
George B Kaiser
Trustee
$0
Don P Millican
Trustee
$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$8,088,028
Investment income $644
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 $8,088,672

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