Voluntary Employees Benefit Association Trust For Public

Organization Overview

Voluntary Employees Benefit Association Trust For Public is located in Spokane, WA. The organization was established in 1984. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Voluntary Employees Benefit Association Trust For Public 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, Voluntary Employees Benefit Association Trust For Public generated $101.3m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.0% each year. All expenses for the organization totaled $77.9m during the year ending 06/2023. While expenses have increased by 7.5% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

THE VEBA TRUST PROVIDES HIGH-QUALITY, TAX ADVANTAGED HEALTH REIMBURSEMENT PLANS FOR PUBLIC EMPLOYEES IN WASHINGTON.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THIS TRUST HOLDS THE ASSETS OF THE VOLUNTARY EMPLOYEES' BENEFICIARY ASSOCIATION TRUST PLAN FOR PUBLIC EMPLOYEES OF THE STATE OF WASHINGTON (THE PLAN). THE PLAN PROVIDES A METHOD OF FUNDING QUALIFIED HEALTH AND WELFARE COSTS TO ITS PARTICIPANTS AND THEIR DEPENDENTS.


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Board, Officers & Key Employees

Name (title)Compensation
Greg Baker
Chairman
$0
Amy Fleming
Vice Chairman
$0
Matthew Knott
Secretary
$0
Maria Breuder
Treasurer
$0
Cameron Grow
Trustee
$0
Shane Backlund
Trustee
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Arthur J Gallagher & Co
Consulting, Marketing And Client Svc,cus
$4,048,835
Onebridge Benefits
Software Admin. Claims And Eligibility A
$2,377,132
Goldman Sachs Asset Management
Investment Consulting Services
$186,355
Washington Trust Bank Wealth Management
Investment,custodial,and Banking Service
$134,762
View All Vendors

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$93,568,144
Investment income $10,512,146
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales -$2,819,419
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $101,284,536

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