Wyoming Educators Benefit Trust
- Assets
- $62.6m
- Revenue
- $129.0m
- Investments
- $49.4m
- Employees
- 0
- Location
- Cheyenne, WY
- Founding
- 03/1989
- Data as of
- 06/2022
- 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 06/2022, Wyoming Educators Benefit Trust generated $129.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.7% each year. All expenses for the organization totaled $134.6m during the year ending 06/2022. While expenses have increased by 5.4% 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
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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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Grady Hutcherson President | OfficerTrustee | 0.5 | $0 |
John Fabela Treasurer | OfficerTrustee | 0.5 | $0 |
Kim Amen Vice President | OfficerTrustee | 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 | $125,577,909 |
| Investment income | $1,276,786 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,100,021 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $128,954,716 |
| 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 | $17,100 |
| Fees for services: Lobbying | $15,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $268,373 |
| Fees for services: Other | $89,667 |
| Advertising and promotion | $2,461 |
| Office expenses | $27 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $13,647 |
| 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 | -$60,664 |
| Total functional expenses | $134,605,907 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,564,590 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,334,422 |
| 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 | $374,023 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $49,353,820 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $62,626,855 |
| Accounts payable and accrued expenses | $19,544,503 |
| Grants payable | $0 |
| Deferred revenue | $4,331,194 |
| 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 | $23,875,697 |
| Net assets without donor restrictions | $38,751,158 |
| 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 | $62,626,855 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Idaho School District Council Self-Funded Benefit Trust Boise, ID | $54,017,370 | $181,053,570 |
Wyoming Educators Benefit Trust Cheyenne, WY | $62,626,855 | $128,954,716 |
Montana Unified School Trust Helena, MT | $24,375,270 | $56,695,008 |
Colorado Boards Of Education Self-Funded Trust Inc Denver, CO | $16,879,557 | $41,855,725 |
Educators Mutual Insurance Association Murray, UT | $192,680,781 | $54,287,384 |
City Of Coeur Dalene Employee Benefits Tr Coeur Dalene, ID | $3,216,593 | $5,696,325 |
Aurora Fire Fighters Retiree Health Fund Englewood, CO | $10,479,340 | $1,132,025 |
City Of Papillion Veba Health Savings Trust Papillion, NE | $4,425,154 | -$88,872 |
Omaha Firefighters Benefit Association Omaha, NE | $8,239,727 | $468,981 |
School District No 25 Veba Pocatello, ID | $908,097 | $2,416 |