Wyoming Educators Benefit Trust
- Assets
- $47.3m
- Revenue
- $136.3m
- Investments
- $39.5m
- Employees
- 0
- Location
- Cheyenne, WY
- Founding
- 03/1989
- Data as of
- 06/2023
- EIN
- 74-2382896
Organization Overview
Wyoming Educators Benefit Trust is located in Cheyenne, WY. The organization was established in 1989. 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. Wyoming Educators 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 06/2023, Wyoming Educators Benefit Trust generated $136.3m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.0% each year. All expenses for the organization totaled $148.3m during the year ending 06/2023. While expenses have increased by 6.0% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE HEALTH, DENTAL, LIFE & LTD INSURANCE COVERAGE TO WYOMING EDUCATORS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE MEDICAL, DENTAL, LIFE & LONG-TERM DISABILITY COVERAGE FOR WYOMING EDUCATORS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Grady Hutcherson Chairperson | OfficerTrustee | 0.5 | $0 |
Kim Amen Trustee | Trustee | 0.5 | $0 |
John Fabela Trustee | Trustee | 0.5 | $0 |
Dirk Andrews Trustee | Trustee | 0.5 | $0 |
Richard Luchsinger Trustee | Trustee | 0.5 | $0 |
Dr Paige Fenton Hughes Trustee | Trustee | 0.5 | $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 | $134,657,677 |
| Investment income | $1,566,956 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $88,490 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $136,313,123 |
| 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 | $0 |
| 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 | $0 |
| Fees for services: Accounting | $17,800 |
| Fees for services: Lobbying | $30,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $195,500 |
| Fees for services: Other | $117,196 |
| Advertising and promotion | $3,842 |
| Office expenses | $1,928 |
| Information technology | $146,709 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $13,139 |
| 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 | $25,918 |
| All other expenses | $30,071 |
| Total functional expenses | $148,273,632 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,579,998 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,102,863 |
| 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 | $93,244 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $39,474,659 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $47,250,764 |
| Accounts payable and accrued expenses | $15,686,498 |
| Grants payable | $0 |
| Deferred revenue | $4,045,904 |
| 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 | $19,732,402 |
| Net assets without donor restrictions | $27,518,362 |
| 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 | $47,250,764 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Idaho School District Council Self-Funded Benefit Trust Boise, ID | $37,103,204 | $167,553,722 |
Wyoming Educators Benefit Trust Cheyenne, WY | $47,250,764 | $136,313,123 |
Montana Unified School Trust Helena, MT | $19,882,347 | $61,405,504 |
Educators Mutual Insurance Association Murray, UT | $210,691,146 | $58,059,378 |
Colorado Boards Of Education Self-Funded Trust Inc Greenwood Village, CO | $13,705,655 | $28,255,560 |
City Of Coeur Dalene Employee Benefits Tr Coeur Dalene, ID | $3,794,876 | $5,865,717 |
Aurora Fire Fighters Retiree Health Fund Englewood, CO | $10,797,347 | $1,299,882 |
City Of Papillion Veba Health Savings Trust Papillion, NE | $5,331,910 | $600,300 |
Omaha Firefighters Benefit Association Omaha, NE | $7,416,594 | $214,885 |
Sarpy County Veba Health Savings Trust Papillion, NE | $809,492 | $223,465 |
School District No 25 Veba Pocatello, ID | $908,097 | $2,416 |