Ccpoa Insurance Division Trust
- Assets
- $262.9m
- Revenue
- $350.3m
- Investments
- $0.0
- Employees
- 38
- Location
- Sacramento, CA
- Founding
- 02/1986
- Data as of
- 03/2023
- 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 03/2023, Ccpoa Insurance Division Trust employed 38 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 03/2023, Ccpoa Insurance Division Trust generated $350.3m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.2% each year. All expenses for the organization totaled $336.0m during the year ending 03/2023. While expenses have increased by 3.0% 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 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 28,003 ACTIVE EMPLOYEES AND 16,121 RETIREES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Daniel Beaman Administrator | Officer | 40 | $196,054 |
James Baumiller Assistant Admin | 40 | $170,010 | |
Guadalupe Ruiz CFO | 40 | $199,375 | |
Peter Sands Computer/compliance Supervisor | 40 | $104,715 | |
Deborah Johnson Benefits Admin Manager | 40 | $117,411 | |
Patrick Day Administrator | Trustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Mchugh Koepke Associates Consultant | 3/30/23 | $150,000 |
Trucker Huss Legal Counsel | 3/30/23 | $201,870 |
Sellwood Consulting Llc Consultant | 3/30/23 | $175,906 |
Segal Company Consultant | 3/30/23 | $137,827 |
First Dental Health Admin Fees | 3/30/23 | $315,390 |
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 | $345,669,801 |
| Investment income | $6,022,108 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $112,064 |
| Net Gain/Loss on Asset Sales | -$1,478,787 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $350,337,686 |
| 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 | $323,208,098 |
| Compensation of current officers, directors, key employees. | $215,355 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,018,753 |
| Pension plan accruals and contributions | $43,519 |
| Other employee benefits | $733,243 |
| Payroll taxes | $223,548 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $197,627 |
| Fees for services: Accounting | $74,750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $127,670 |
| Fees for services: Other | $6,109,135 |
| Advertising and promotion | $0 |
| Office expenses | $1,041,078 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $528,175 |
| Travel | $97,973 |
| 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 | $211,793 |
| Insurance | $155,700 |
| All other expenses | $0 |
| Total functional expenses | $335,986,417 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $200 |
| Savings and temporary cash investments | $58,354,260 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $21,289,741 |
| 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 | $183,492 |
| Net Land, buildings, and equipment | $3,403,284 |
| Investments—publicly traded securities | $171,937,961 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,688,542 |
| Total assets | $262,857,480 |
| Accounts payable and accrued expenses | $1,028,829 |
| 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 | $61,209,442 |
| Total liabilities | $62,238,271 |
| 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 | $200,619,209 |
| Total liabilities and net assets/fund balances | $262,857,480 |