Colorado Boards Of Education Self-Funded Trust Inc
- Assets
- $16.9m
- Revenue
- $41.9m
- Investments
- $0.0
- Employees
- 1
- Location
- Denver, CO
- Founding
- 03/2006
- Data as of
- 06/2022
- EIN
- 76-0761485
Organization Overview
Colorado Boards Of Education Self-Funded Trust Inc is located in Denver, CO. The organization was established in 2006. 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. Colorado Boards Of Education Self-Funded Trust Inc 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, Colorado Boards Of Education Self-Funded Trust Inc generated $41.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.2% each year. All expenses for the organization totaled $40.9m during the year ending 06/2022. While expenses have increased by 2.2% 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
TO PROVIDE A MULTI-EMPLOYER/EMPLOYEE HEALTH BENEFIT PROGRAM THAT OFFERS ADMINISTRATIVE, UNDERWRITING, PROVIDER NETWORK, REINSURANCE, SHARED FINANCIAL RISK AND OTHER SERVICES (THE "BEST HEALTH PLAN") TO ITS MEMBER EMPLOYERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE A MULTI-EMPLOYER/EMPLOYEE HEALTH BENEFIT PROGRAM THAT OFFERS ADMINISTRATIVE, UNDERWRITING, PROVIDER NETWORK, REINSURANCE, SHARED FINANCIAL RISK AND OTHER SERVICES (THE "BEST HEALTH PLAN") TO ITS MEMBER EMPLOYERS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Martyr President | OfficerTrustee | 0.5 | $0 |
Joe Schott Vice Preident | OfficerTrustee | 0.5 | $0 |
Hawn Ehnes Director | Trustee | 0.5 | $0 |
Julie Ott Director | Trustee | 0.5 | $0 |
Brian Christensen Director | Trustee | 0.5 | $0 |
John Wittler Director | 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 | $41,854,896 |
| Investment income | $829 |
| 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 | $41,855,725 |
| 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 | $34,248,705 |
| 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 | $135,800 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $10,720 |
| Fees for services: Management | $2,482,535 |
| Fees for services: Legal | $25,033 |
| Fees for services: Accounting | $26,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $18,812 |
| 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 | $8,969 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,794,295 |
| All other expenses | $0 |
| Total functional expenses | $40,872,389 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,771,329 |
| Savings and temporary cash investments | $332,463 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $477,958 |
| 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 | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $10,297,807 |
| Total assets | $16,879,557 |
| Accounts payable and accrued expenses | $8,724,874 |
| 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 | $25,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $8,749,874 |
| 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 | $8,129,683 |
| Total liabilities and net assets/fund balances | $16,879,557 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
Greater Kansas City Laborers Welfare Fund Overland Park, KS | $30,048,906 | $16,053,457 |
Tulsa Fire Fighters Health & Welfare Fund Jay, OK | $9,184,607 | $15,077,842 |
Tulsa Fop 93 Health And Welfare Tr Tulsa, OK | $14,302,996 | $12,699,018 |
Uniformed Services Benefit Association Overland Park, KS | $8,416,028 | $5,960,710 |
Glendale Union High School District Glendale, AZ | $12,422,304 | $1,205,731 |
Aurora Fire Fighters Retiree Health Fund Englewood, CO | $10,479,340 | $1,132,025 |
Firemens Relief Association Fire District 2 Johnson County Overland Park, KS | $2,125,773 | $893,550 |
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 |
City Of Lansing Veba Trust Phoenix, AZ | $34,374,971 | $3,261,584 |