Ccpoa Insurance Division Trust
- Assets
- $257.2m
- Revenue
- $347.2m
- Investments
- $0.0
- Employees
- 35
- Location
- Sacramento, CA
- Founding
- 02/1986
- Data as of
- 03/2022
- EIN
- 94-6459649
Organization Overview
Ccpoa Insurance Division Trust is located in Sacramento, CA. The organization was established in 1986. 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 03/2022, Ccpoa Insurance Division Trust employed 35 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ccpoa Insurance Division Trust is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.
For the year ending 03/2022, Ccpoa Insurance Division Trust generated $347.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.6% each year. All expenses for the organization totaled $333.2m during the year ending 03/2022. While expenses have increased by 3.4% 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 CERTAIN HEALTH AND WELFARE BENEFITS TO ELIGIBLE PARTICIPANTS AND THEIR DEPENDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED CERTAIN HEALTH AND WELFARE BENEFITS TO ELIGIBLE PARTICIPANTS AND THEIR DEPENDENTS FOR APPROXIMATELY 28,000 ACTIVE EMPLOYEES AND 15,000 RETIREES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Benjamin Sybesma Ldf Legal Administrator | 40 | $240,914 | |
Daniel Beaman Administrator | Officer | 40 | $176,034 |
Guadalupe Ruiz CFO | 40 | $164,246 | |
James Baumiller Assistant Admin | 40 | $150,794 | |
Michelle Saienni Director Of Operations | 40 | $126,516 | |
Patrick Day Chairman | Trustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Mchugh Koepke Assoc Consultant | 3/30/22 | $150,000 |
Segal Company Consultant | 3/30/22 | $174,682 |
Trucker Huss Legal Counsel | 3/30/22 | $151,232 |
First Dental Health Admin Fees | 3/30/22 | $297,472 |
Stroz Friedberg Llc Consultant | 3/30/22 | $202,456 |
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 | $339,929,442 |
| Investment income | $5,433,726 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $111,592 |
| Net Gain/Loss on Asset Sales | $1,753,171 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $347,227,931 |
| 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 | $321,096,085 |
| Compensation of current officers, directors, key employees. | $190,229 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,919,638 |
| Pension plan accruals and contributions | $146,216 |
| Other employee benefits | $726,585 |
| Payroll taxes | $219,619 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $169,731 |
| Fees for services: Accounting | $98,650 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $114,842 |
| Fees for services: Other | $5,867,505 |
| Advertising and promotion | $0 |
| Office expenses | $810,378 |
| Information technology | $251,592 |
| Royalties | $0 |
| Occupancy | $202,095 |
| Travel | $59,375 |
| 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 | $203,905 |
| Insurance | $152,344 |
| All other expenses | $0 |
| Total functional expenses | $333,228,789 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $200 |
| Savings and temporary cash investments | $51,006,024 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $20,755,936 |
| 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 | $138,019 |
| Net Land, buildings, and equipment | $3,297,529 |
| Investments—publicly traded securities | $175,800,140 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,153,150 |
| Total assets | $257,150,998 |
| Accounts payable and accrued expenses | $910,678 |
| 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 | $61,631,968 |
| Total liabilities | $62,542,646 |
| 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 | $194,608,352 |
| Total liabilities and net assets/fund balances | $257,150,998 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Southern California Schools Voluntary Employees Benefits Assoc San Diego, CA | $183,534,319 | $919,105,914 |
Californias Valued Trust Fresno, CA | $240,185,223 | $775,584,606 |
Ccpoa Insurance Division Trust Sacramento, CA | $257,150,998 | $347,227,931 |
Los Angeles Police Relief Association Inc Los Angeles, CA | $220,452,514 | $268,762,188 |
Teachers Health Trust Las Vegas, NV | $83,729,755 | $178,689,748 |
Cahp Health Benefits Trust Sacramento, CA | $174,128,495 | $195,508,787 |
Southern California Ibew-Neca Health Trust Fund Pasadena, CA | $146,900,015 | $128,851,965 |
School District 1 Health & Welfare Trust Fund Tualatin, OR | $35,939,491 | $102,437,300 |
Los Angeles Firemens Relief Association Los Angeles, CA | $301,793,711 | $126,355,681 |
Los Angeles County Fire Fighters Local 1014 El Monte, CA | $309,492,833 | $115,023,931 |
Metropolitan Employees Benefits Ass Ociation Trust San Diego, CA | $3,014,637 | $65,709,658 |
Producers Health Benefits Plan Raleigh Studios West Covina, CA | $31,226,794 | $35,763,235 |