Form 990 for tax year 2022
Filed by VEBA TRUST AGREEMENT FOR OHIO EDUC ASSOCIATION GROUP BENEFIT PLAN.
Totals
- Total revenue
- $8,658,842
- Total expenses
- $8,082,096
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $8,201,410
- Investment income
- $457,432
- Other revenue
- $0
- Total assets, end of year
- $24,408,012
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $24,408,012
- Program services expenses (Part IX)
- not reported
- Management and general expenses
- not reported
- Fundraising expenses
- not reported
- Program service expenses (Part III)
- not reported
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
2a · Program service revenue: SPONSOR CONTRIBUTIONS
total $7,626,834 · related or exempt $7,626,834
-
2b · Program service revenue: PARTICIPANT CONTRIBUTIONS-ACTIVE
total $488,846 · related or exempt $488,846
-
2c · Program service revenue: PARTICIPANT CONTRIBUTIONS-RETIRED
total $85,730 · related or exempt $85,730
-
3 · Investment income
total $753,208 · unrelated business $753,208
-
7a · Gross sales of assets other than inventory
securities $3,542,386
-
7b · Less cost or other basis and sales expenses
securities $3,838,162
-
7c · Gain or loss
securities -$295,776
-
7d · Net gain or loss
total -$295,776 · unrelated business -$295,776
Functional expenses
Part IX, the statement of functional expenses.
-
4 · Benefits paid to or for members
total $7,186,518
-
5 · Compensation of officers, directors and key employees
total $4,989
-
11f · Fees: investment management
total $44,254
-
24a · Other expenses: PLAN ADMINISTRATION EXP
total $846,335
Balance sheet
Part X, book values.
-
2 · Savings and temporary cash investments
beginning of year $115,254 · end of year $180,364
-
4 · Accounts receivable
beginning of year $49 · end of year $47,925
-
11 · Investments: publicly traded securities
beginning of year $22,286,458 · end of year $24,179,723
-
29 · Capital stock, trust principal or current funds
beginning of year $22,401,761 · end of year $24,408,012
-
30 · Paid-in or capital surplus, or land, building or equipment fund
beginning of year $0 · end of year $0
-
31 · Retained earnings, endowment or other funds
beginning of year $0 · end of year $0
Mission and programs · 2022
Mission
TO PROVIDE BENEFITS TO PARTICIPANTS.
-
TO FUND VARIOUS HEALTH, LIFE, DENTAL, VISION, DISABILITY, AND ACCIDENTAL DEATH AND DISMEMBERMENT BENEFITS TO PARTICIPANTS.
As filed on the 2022 return.
Listed in Part VII
-
Scott DimauroSCOTT DIMAURO
PRESIDENT
- Total calculated
- $263,819
- From this org
- $0
- From related orgs
- $220,742
- Other
- $43,077
- Hours/week
- 1 + 50 related
Schedule J breakdown matched by us
- Base
- $0 + $206,157 related
- Bonus
- $0
- Other
- $0 + $14,585 related
- Deferred
- $0 + $23,403 related
- Nontaxable benefits
- $0 + $19,674 related
- Filer's total
- $0 + $263,819 related
-
Jeff WensingJEFF WENSING
VICE PRESIDENT
- Total calculated
- $225,574
- From this org
- $0
- From related orgs
- $194,833
- Other
- $30,741
- Hours/week
- 1 + 60 related
Schedule J breakdown matched by us
- Base
- $0 + $180,433 related
- Bonus
- $0
- Other
- $0 + $14,400 related
- Deferred
- $0 + $19,184 related
- Nontaxable benefits
- $0 + $11,557 related
- Filer's total
- $0 + $225,574 related
-
Mark HillMARK HILL
SECRETARY/TREASURER
- Total calculated
- $258,172
- From this org
- $0
- From related orgs
- $194,832
- Other
- $63,340
- Hours/week
- 1 + 60 related
Schedule J breakdown matched by us
- Base
- $0 + $180,288 related
- Bonus
- $0
- Other
- $0 + $14,544 related
- Deferred
- $0 + $21,420 related
- Nontaxable benefits
- $0 + $41,920 related
- Filer's total
- $0 + $258,172 related
-
Patricia Collins MurdockPATRICIA COLLINS MURDOCK
EXECUTIVE DIRECTOR
- Total calculated
- $278,126
- From this org
- $0
- From related orgs
- $222,047
- Other
- $56,079
- Hours/week
- 1 + 60 related
Schedule J breakdown matched by us
- Base
- $0 + $203,989 related
- Bonus
- $0
- Other
- $0 + $18,058 related
- Deferred
- $0 + $35,351 related
- Nontaxable benefits
- $0 + $20,728 related
- Filer's total
- $0 + $278,126 related
-
Matrix Trust CompanyMATRIX TRUST COMPANY
TRUSTEE
- Total calculated
- $4,989
- From this org
- $4,989
- From related orgs
- $0
- Other
- $0
- Hours/week
- 1
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
None.
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
The filer's explanations (Part III)
- PART I, LINE 4
- OFFICERS RECEIVE NO DIRECT COMPENSATION OR BENEFITS FROM THE VEBA TRUST AGREEMENT. SALARIES AND BENEFITS ARE PAID BY THE OHIO EDUCATION ASSOCIATION AS SHOWN IN THAT ORGANIZATION'S 990 FILING FOR THE SAME PERIOD. THE OHIO EDUCATION ASSOCIATION USES A COMPENSATION COMMITTEE, A WRITTEN EMPLOYMENT CONTRACT, AND APPROVAL BY THE BOARD AND COMPENSATION COMMITTEE TO ESTABLISH THE COMPENSATION OF THE ORGANIZATION'S TOP MANAGEMENT OFFICIALS.
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
501(C)(6) · CONTINUOUS IMPROVEMENT OF PUBLIC EDUCATION & ADVOCATING FOR MEMBERS · OH
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 28 June 2024
- IRS schema version
- 2022v5.0
- Source object
- 202431849349301558
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