Washington Education Association Rate Stabilization Reserve Trust

Organization Overview

Washington Education Association Rate Stabilization Reserve Trust is located in Federal Way, WA. The organization was established in 1994. 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. Washington Education Association Rate Stabilization Reserve 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, Washington Education Association Rate Stabilization Reserve Trust generated $10.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (74.4%) each year. All expenses for the organization totaled $283.7k during the year ending 09/2023. 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

TO MANAGE EXPERIENCE SURPLUSES IN ORDER TO STABILIZE INSURANCE RATES FOR THE BENEFIT OF MEMBERS OF THE PARTICIPATING PLANS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

TRANSFERS TO INSURERS FOR THE PURPOSE OF STABILIZING ANNUAL GROUP INSURANCE RATES, REIMBURSEMENT OF EXCESS PREMIUMS AND RELATED COSTS TO ADMINISTER AND MANAGE THE TRUST.


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Board, Officers & Key Employees

Name (title)Compensation
Janie White
Vice Preside
$175,726
Larry Delaney
President-We
$190,448
Jeremy Shay
Trustee
$0
Justin Fox-Bailey
Trustee
$0
Pamela Wilson
Trustee
$0
Shawn Brehm
Trustee
$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$0
Investment income $10,526
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 $10,526

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