Sinclair Employees Benefit Plan Trust is located in Salt Lake City, UT. The organization was established in 2007. According to its NTEE Classification (Y43) the organization is classified as: Voluntary Employees Beneficiary Associations (Non-Government), under the broad grouping of Mutual & Membership Benefit and related organizations. As of 12/2021, Sinclair Employees Benefit Plan Trust employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sinclair Employees Benefit Plan Trust 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, Sinclair Employees Benefit Plan Trust generated $40.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.5% each year. All expenses for the organization totaled $38.7m during the year ending 12/2021. While expenses have increased by 3.2% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE HEALTH BENEFIT SERVICES FOR EMPLOYEES
Describe the Organization's Program Activity:
Part 3 - Line 4a
HEALTH BENEFIT SERVICES FOR EMPLOYEES
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Scott Mayeda Chairman And CEO | OfficerTrustee | 2 | $0 |
Brittany Clelan Vice President | Officer | 2 | $0 |
Dennis Ellis Vice President | Officer | 4 | $0 |
Andrea Carey Vice President | Officer | 2 | $0 |
Julie Spencer Chief Tax Officer | Officer | 0 | $0 |
Lynn Hart Secretary | Officer | 0 | $0 |
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 | $40,922,999 |
Investment income | -$15,519 |
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 | $40,907,480 |
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 | $38,317,241 |
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 | $0 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
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 | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $0 |
Insurance | $0 |
All other expenses | $413,123 |
Total functional expenses | $38,730,364 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $0 |
Savings and temporary cash investments | $4,176,224 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $0 |
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 | $4,053,380 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $8,229,604 |
Accounts payable and accrued expenses | $0 |
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 | $0 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $0 |
Total liabilities | $0 |
Net assets without donor restrictions | $0 |
Net assets with donor restrictions | $0 |
Capital stock or trust principal, or current funds | $8,229,604 |
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 | $8,229,604 |
Organization Name | Assets | Revenue |
---|---|---|
Plumbers & Pipefitters Local 525 Health & Welfare Fund Las Vegas, NV | $50,222,690 | $24,246,834 |
Eighth District Electrical Benefit Las Vegas, NV | $118,392,460 | $100,887,270 |
Teamsters Local 631 Security Fund Las Vegas, NV | $229,160,459 | $79,828,969 |
Las Vegas Metropolitan Police Dept Employee Health & Welfare Trust Las Vegas, NV | $109,711,057 | $65,945,255 |
A-Plus Benefits Inc Employee Benefit Trust American Fork, UT | $7,262,806 | $56,490,823 |
Utah-Idaho Teamsters Security Fund Phoenix, AZ | $66,405,330 | $62,476,382 |
Teamsters Security Fund For Southern Nevada Local 14 Las Vegas, NV | $34,705,927 | $47,693,145 |
United Food & Commercial Workers Union 711 Food Emplyrs Bene Fund Murray, UT | $47,809,606 | $24,428,053 |
Electrical Workers Health & Welfare Trust Fund Las Vegas, NV | $30,594,533 | $39,541,632 |
Sinclair Employees Benefit Plan Trust Salt Lake City, UT | $8,229,604 | $40,907,480 |
Schwans Shared Services Llc Veba Las Vegas, NV | $0 | $33,012,400 |
Arizona Pipe Trades Health And Welfare Trust Fund Phoenix, AZ | $78,272,120 | $40,376,425 |