Sag-Aftra Health Fund
- Assets
- $492.7m
- Revenue
- $490.6m
- Investments
- $79.4m
- Employees
- 0
- Location
- Burbank, CA
- Founding
- 02/1987
- Data as of
- 12/2021
- EIN
- 95-6024160
Organization Overview
Sag-Aftra Health Fund is located in Burbank, CA. The organization was established in 1987. 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. Sag-Aftra Health Fund 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, Sag-Aftra Health Fund generated $490.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.8% each year . All expenses for the organization totaled $434.5m during the year ending 12/2021. While expenses have increased by 9.1% 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
TO PROVIDE, PURSUANT TO COLLECTIVE BARGAINING AGREEMENTS, HEALTH BENEFITS TO ACTIVE AND RETIRED MEMBERS OF THE SAG-AFTRA HEALTH PLAN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SAG-AFTRA HEALTH PLAN PROVIDES HEALTH & WELFARE BENEFITS INCLUDING HOSPITALIZATION, MAJOR MEDICAL & DENTAL TO PLAN PARTICIPANTS AND DEPENDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David White - Past Trustee/secretary | OfficerTrustee | 1 | $0 |
Duncan Crabtree-Ireland Trustee/vice-Secretary | OfficerTrustee | 1 | $0 |
Daryl Anderson Trustee / Chair | OfficerTrustee | 1 | $0 |
Keith Gorham Trustee/ Co-Chair | OfficerTrustee | 1 | $0 |
Russell Wetanson Trustee | OfficerTrustee | 1 | $0 |
Gokul Sheshadri Chief Information Officer | Officer | 29.62 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Blue Cross Of California Claims Processing | 12/30/21 | $5,120,361 |
Nigro Karlin Segal Feldstein Consulting Services | 12/30/21 | $1,277,985 |
Cognizant Worldwide Limited Consulting Services | 12/30/21 | $1,097,880 |
Hub International Insurance Service Insurance Broker | 12/30/21 | $911,158 |
Bdo Contract Auditor | 12/30/21 | $888,897 |
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 | $473,122,566 |
| Investment income | $3,852,533 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $12,799,289 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $490,645,649 |
| 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 | $382,749,756 |
| 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 | $1,143,045 |
| Fees for services: Accounting | $1,841,754 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,074,922 |
| Fees for services: Other | $19,012,313 |
| Advertising and promotion | $0 |
| Office expenses | $1,470,730 |
| Information technology | $4,858,752 |
| Royalties | $0 |
| Occupancy | $4,532,146 |
| Travel | $21,146 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,524 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,576,943 |
| Insurance | $365,416 |
| All other expenses | $65,545 |
| Total functional expenses | $434,538,800 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $89,879,891 |
| Savings and temporary cash investments | $86,079,337 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $36,666,873 |
| 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 | $794,740 |
| Net Land, buildings, and equipment | $13,361,382 |
| Investments—publicly traded securities | $176,788,829 |
| Investments—other securities | $79,379,937 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $9,739,573 |
| Total assets | $492,690,562 |
| Accounts payable and accrued expenses | $16,823,721 |
| Grants payable | $0 |
| Deferred revenue | $12,684,167 |
| 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 | $47,683,913 |
| Total liabilities | $77,191,801 |
| 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 | $415,498,761 |
| Total liabilities and net assets/fund balances | $492,690,562 |