Californias Valued Trust
- Assets
- $254.8m
- Revenue
- $807.6m
- Investments
- $0.0
- Employees
- 44
- Location
- Fresno, CA
- Founding
- 03/1988
- Data as of
- 09/2023
- EIN
- 77-6009955
Organization Overview
Californias Valued Trust is located in Fresno, CA. The organization was established in 1988. 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. As of 09/2023, Californias Valued Trust employed 44 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Californias Valued Trust is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.
For the year ending 09/2023, Californias Valued Trust generated $807.6m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.9% each year. All expenses for the organization totaled $817.3m during the year ending 09/2023. While expenses have increased by 1.0% 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
TO PROVIDE HEALTH AND WELFARE BENEFITS FOR ELIGIBLE EMPLOYEES, RETIREES AND THEIR DEPENDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE HEALTH AND WELFARE BENEFITS FOR ELIGIBLE EMPLOYEES, RETIREES AND THEIR DEPENDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Valerie Cornuelle Executive Director | Officer | 40 | $263,189 |
Robert Powers Dir. Of Financial Services | Officer | 40 | $176,553 |
Jeff Cornelius Dir. Of Strategic Initiatives | 40 | $144,925 | |
Tierney O'brien Dir Of Marketing & Bus Dev | 40 | $136,644 | |
Brook Paulsen It Manager | 40 | $129,472 | |
Brett Cargle Sr Systems Security Analyst | 40 | $121,024 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Anthem Blue Cross Claims Admin Service | 9/29/23 | $16,841,453 |
Prudentrx Admin Service | 9/29/23 | $1,439,527 |
Blue Shield Of California Admin Service | 9/29/23 | $2,353,354 |
Delta Dental Claims Admin Service | 9/29/23 | $3,472,711 |
Consumer Medical Claims Admin Service | 9/29/23 | $1,116,822 |
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 | $801,283,632 |
| Investment income | $7,659,451 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$2,034,811 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $807,561,352 |
| 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 | $776,443,082 |
| Compensation of current officers, directors, key employees. | $518,057 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,638,617 |
| Pension plan accruals and contributions | $260,627 |
| Other employee benefits | $1,052,848 |
| Payroll taxes | $306,914 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $240,000 |
| Fees for services: Accounting | $175,760 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $212,179 |
| Fees for services: Other | $32,146,341 |
| Advertising and promotion | $274,135 |
| Office expenses | $657,543 |
| Information technology | $353,862 |
| Royalties | $0 |
| Occupancy | $136,310 |
| Travel | $169,716 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $149,579 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $131,807 |
| Insurance | $173,253 |
| All other expenses | $217,195 |
| Total functional expenses | $817,257,825 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $760 |
| Savings and temporary cash investments | $21,206,649 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $27,366,698 |
| 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 | $332,472 |
| Net Land, buildings, and equipment | $1,749,811 |
| Investments—publicly traded securities | $204,112,515 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $254,768,905 |
| Accounts payable and accrued expenses | $1,243,164 |
| Grants payable | $0 |
| Deferred revenue | $10,966,342 |
| 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 | $87,099,502 |
| Total liabilities | $99,309,008 |
| 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 | $155,459,897 |
| Total liabilities and net assets/fund balances | $254,768,905 |