Form 990 for tax year 2023
Filed by MANAGEMENT-ILA MANAGED HEALTHCARE EMPLOYEE BENEFITS TR.
Totals
- Total revenue
- $799,302,348
- Total expenses
- $848,446,410
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $687,416,997
- Investment income
- $13,604,406
- Other revenue
- $98,280,945
- Total assets, end of year
- $1,534,608,132
- Total liabilities, end of year
- $94,805,525
- Net assets or fund balances, end of year
- $1,439,802,607
- Program services expenses (Part IX)
- $0
- Management and general expenses
- $0
- Fundraising expenses
- $0
- Program service expenses (Part III)
- not reported
Program services were 0.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
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: MEMBERSHIP DUES & ASESMNT
total $687,416,997 · related or exempt $687,416,997
-
3 · Investment income
total $13,580,032 · related or exempt $13,580,032
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6d · Net rental income or loss
total $0
-
7a · Gross sales of assets other than inventory
securities $338,767,382
-
7b · Less cost or other basis and sales expenses
securities $338,743,008
-
7c · Gain or loss
securities $24,374
-
7d · Net gain or loss
total $24,374 · related or exempt $24,374
-
8c · Net income from fundraising events
total $0
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11a · Other revenue: BENEFITS REIMBURSED
total $6,750,038 · related or exempt $6,750,038
-
11b · Other revenue: MEDICARE PART D SUBSIDY
total $7,948,342 · related or exempt $7,948,342
-
11c · Other revenue: PHARMACEUTICAL REBATES
total $83,582,565 · related or exempt $83,582,565
-
11e · Other revenue, total
$98,280,945
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $840,189,870
-
5 · Compensation of officers, directors and key employees
total $624,400
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $190,416
-
8 · Pension plan contributions
total $24,724
-
9 · Other employee benefits
total $0
-
10 · Payroll taxes
total $45,535
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $856,250
-
11c · Fees: accounting
total $240,326
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $3,555,778
-
11g · Fees: other
total $130,974
-
12 · Advertising and promotion
total $0
-
13 · Office expenses
total $113,752
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $174,867
-
17 · Travel
total $28,990
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $20,557
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $25,921
-
23 · Insurance
total $331,533
-
24a · Other expenses: ACTUARIAL & BENEFIT CONSULTING
total $551,317
-
24b · Other expenses: ASSESSMENT AUDITOR
total $450,000
-
24c · Other expenses: COMPUTER CONSULTING
total $318,635
-
24d · Other expenses: HEALTH CARE REFORM FEES
total $212,559
-
24e · All other expenses
total $360,006
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
end of year $0
-
2 · Savings and temporary cash investments
beginning of year $38,619,058 · end of year $44,945,506
-
3 · Pledges and grants receivable
end of year $0
-
4 · Accounts receivable
beginning of year $139,563,315 · end of year $148,276,725
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
end of year $0
-
8 · Inventories for sale or use
end of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $170,176 · end of year $177,233
-
10a · Land, buildings and equipment: cost or other basis
$200,929
-
10b · Land, buildings and equipment: accumulated depreciation
$113,707
-
10c · Land, buildings and equipment, net
beginning of year $103,052 · end of year $87,222
-
11 · Investments: publicly traded securities
beginning of year $772,740,562 · end of year $938,649,894
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
end of year $0
-
15 · Other assets
beginning of year $464,431,195 · end of year $402,471,552
-
17 · Accounts payable and accrued expenses
beginning of year $87,304,633 · end of year $90,172,227
-
25 · Other liabilities
beginning of year $4,881,289 · end of year $4,633,298
-
31 · Retained earnings, endowment or other funds
beginning of year $1,323,441,436 · end of year $1,439,802,607
Mission and programs · 2023
Mission
VOLUNTARY EMPLOYEE BENEFIT ASSOCIATION (VEBA) TO ADMINISTER HEALTH AND WELFARE BENEFITS OF A TAFT HARTLEY FUND PROVIDING BENEFITS TO OVER 83,000 PARTICIPANTS.
-
AS OF 12/31/2023 THIS VOLUNTARY EMPLOYEE BENEFIT ASSOCIATION (VEBA) ADMINISTERED HEALTH AND WELFARE BENEFITS FOR 24,106 ACTIVE PARTICIPANTS AND 12,906 RETIRED OR SEPARATED PARTICIPANTS FOR WHICH, INCLUDING DEPENDENTS, INCLUDES OVER 83,700 PARTICIPANTS.
As filed on the 2023 return.
Listed in Part VII
-
Laverne ThompsonLAVERNE THOMPSON
EXECUTIVE DIRECTOR
- Total calculated
- $329,732
- From this org
- $291,798
- From related orgs
- $0
- Other
- $37,934
- Hours/week
- 0
Schedule J breakdown matched by us
- Base
- $291,798
- Bonus
- not reported
- Other
- not reported
- Deferred
- $37,934
- Nontaxable benefits
- not reported
- Filer's total
- $329,732
-
Robin CsabonROBIN CSABON
DIRECTOR OF ACCOUNTING
- Total calculated
- $294,668
- From this org
- $260,768
- From related orgs
- $0
- Other
- $33,900
- Hours/week
- 0
Schedule J breakdown matched by us
- Base
- $260,768
- Bonus
- not reported
- Other
- not reported
- Deferred
- $33,900
- Nontaxable benefits
- not reported
- Filer's total
- $294,668
-
David F AdamDAVID F ADAM
Co-Chairman
- Total calculated
- $0
- Hours/week
- 0
-
James CampbellJAMES CAMPBELL
Trustee
- Total calculated
- $0
- Hours/week
- 0
-
Michael VigneronMICHAEL VIGNERON
Trustee
- Total calculated
- $0
- Hours/week
- 0
-
Willie SeymoreWILLIE SEYMORE
Trustee
- Total calculated
- $0
- Hours/week
- 0
-
Alan RobbALAN ROBB
Trustee
- Total calculated
- $0
- Hours/week
- 0
-
John NardiJOHN NARDI
Trustee
- Total calculated
- $0
- Hours/week
- 0
-
Shareen LarmondSHAREEN LARMOND
Trustee
- Total calculated
- $0
- Hours/week
- 0
-
Derrick MilesDERRICK MILES
Trustee
- Total calculated
- $0
- Hours/week
- 0
-
Benny Holland JrBENNY HOLLAND JR
Co-Chairman
- Total calculated
- $0
- Hours/week
- 0
-
Roger GiesingerROGER GIESINGER
Trustee
- Total calculated
- $0
- Hours/week
- 0
-
Kelly StrongKELLY STRONG
Trustee
- Total calculated
- $0
- Hours/week
- 0
-
Bernard O'DonnelBERNARD O'DONNEL
Trustee
- Total calculated
- $0
- Hours/week
- 0
-
Kenneth RileyKENNETH RILEY
Trustee
- Total calculated
- $0
- Hours/week
- 0
-
Eddie MontotoEDDIE MONTOTO
Trustee
- Total calculated
- $0
- Hours/week
- 0
-
David CicaleseDAVID CICALESE
Trustee
- Total calculated
- $0
- Hours/week
- 0
-
James H PaylorJAMES H PAYLOR
Trustee
- Total calculated
- $0
- Hours/week
- 0
-
James R Gray JrJAMES R GRAY JR
Trustee
- Total calculated
- $0
- Hours/week
- 0
-
Anissa FrucciANISSA FRUCCI
Trustee
- Total calculated
- $0
- Hours/week
- 0
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
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.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 8 October 2024
- IRS schema version
- 2023v5.1
- Source object
- 202412829349300116
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