Form 990 for tax year 2022
Filed by The Principal Trust for Health Benefits for Individual Field and Non-Medica.
Totals
- Total revenue
- -$3,794,084
- Total expenses
- $10,597,510
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $5,340,604
- Investment income
- -$9,345,818
- Other revenue
- $211,130
- Total assets, end of year
- $77,709,333
- Total liabilities, end of year
- $46,792
- Net assets or fund balances, end of year
- $77,662,541
- Program services expenses (Part IX)
- $10,597,510
- Management and general expenses
- $0
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $10,597,510
Program services were 100.0% 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: Principal Life Contribution
total $541,352 · unrelated business $0 · excluded $541,352
-
2b · Program service revenue: Employee Contributions
total $3,967,932 · unrelated business $0 · excluded $3,967,932
-
2c · Program service revenue: Retiree Contributions
total $831,320 · unrelated business $0 · excluded $831,320
-
3 · Investment income
total $1,892,149 · unrelated business $0 · excluded $1,892,149
-
7a · Gross sales of assets other than inventory
securities -$11,237,967
-
7c · Gain or loss
securities -$11,237,967
-
7d · Net gain or loss
total -$11,237,967 · related or exempt $0 · unrelated business $0 · excluded -$11,237,967
-
11a · Other revenue: Change in Accrued Interest
total $211,130 · related or exempt $0 · unrelated business $0 · excluded $211,130
-
11e · Other revenue, total
$211,130
Functional expenses
Part IX, the statement of functional expenses.
-
4 · Benefits paid to or for members
total $9,290,970 · program services $9,290,970
-
24a · Other expenses: Federal Income Taxes
total $594,324 · program services $594,324 · management and general $0 · fundraising $0
-
24b · Other expenses: Foreign Taxes Paid
total $159 · program services $159 · management and general $0 · fundraising $0
-
24c · Other expenses: Administrative Fees
total $712,057 · program services $712,057 · management and general $0 · fundraising $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $200,409 · end of year $109,689
-
4 · Accounts receivable
beginning of year -$632,600 · end of year -$361,589
-
11 · Investments: publicly traded securities
beginning of year $92,478,985 · end of year $77,861,233
-
15 · Other assets
beginning of year $100,000 · end of year $100,000
-
17 · Accounts payable and accrued expenses
beginning of year $12 · end of year $12
-
25 · Other liabilities
beginning of year $93,342 · end of year $46,780
-
31 · Retained earnings, endowment or other funds
beginning of year $92,053,440 · end of year $77,662,541
Mission and programs · 2022
Mission
Provide Health Insurance Benefits to Members
-
Benefits Paid to or for Members
Expenses $9,290,970
-
Taxes Paid on Investment Income of the Trust
Expenses $594,483
-
Administrative Fees Paid by the Trust
Expenses $712,057
As filed on the 2022 return.
Listed in Part VII
-
Dennis Menken
Investment Committee
- Total calculated
- $0
- Hours/week
- 1
-
Jack Bishop
Investment Committee
- Total calculated
- $0
- Hours/week
- 1
-
Lisa Coulson
Investment Committee
- Total calculated
- $0
- Hours/week
- 1
-
Kara Hoogenson
Investment Committee
- Total calculated
- $0
- Hours/week
- 1
-
Kenneth McCullum
Investment Committee
- Total calculated
- $0
- Hours/week
- 1
-
Joel Pitz
Investment Committee
- Total calculated
- $0
- Hours/week
- 1
-
Dwight Soethout
Investment Committee
- Total calculated
- $0
- Hours/week
- 1
-
Deanna Strable
Investment Committee
- Total calculated
- $0
- Hours/week
- 1
-
Janis Winterhof
Investment Committee
- Total calculated
- $0
- Hours/week
- 1
-
Lisa Coulson
Administrative Committee
- Total calculated
- $0
- Hours/week
- 1
-
Joseph McCarty
Administrative Committee
- Total calculated
- $0
- Hours/week
- 1
-
Nathan Schelhaas
Administrative Committee
- Total calculated
- $0
- Hours/week
- 1
-
Jon Couture
Administrative Committee
- Total calculated
- $0
- Hours/week
- 1
-
Andrew Dion
Administrative Committee
- Total calculated
- $0
- Hours/week
- 1
-
Kevin Farley
Administrative Committee
- Total calculated
- $0
- Hours/week
- 1
-
Gina Graham
Administrative Committee
- Total calculated
- $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.
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.
-
The Principal Trust for Health Bens for EEs and Non-Medicare Elig Rets
501(c)(9) · Health Benefits for members · IA
Directly controlled by NA
-
The Principal Trust for Life Insurance Benefits for Employees
501(c)(9) · Provide life insurance benefits for members · IA
Directly controlled by NA
-
The Principal Trust for Life Insurance Benefits for Individual Field
501(c)(9) · Provide life insurance benefits for members · IA
Directly controlled by NA
-
The Principal Trust for Individual Field Disability
501(c)(9) · Provide disability benefits for members · IA
Directly controlled by NA
-
The Principal Trust for the Select Savings Plan for Employees
401(k) · 401(k) · IA
Directly controlled by NA
-
The Principal Trust for the Select Savings Plan for Individual Field
401(k) · 401(k) · IA
Directly controlled by NA
-
The Principal Trust for the Principal Pension Plan
401(a) · Pension · IA
Directly controlled by NA
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
Principal Life Insurance Company
C · Life/health insurance annuities, investments · IA · 0% owned
Directly controlled by NA
-
The Principal Trust for Certain Nonqualified Pension Benefits
T · Provide Pension Benefit · IA · 0% owned
Directly controlled by NA
-
The Principal Trust for Excess Individual Field Disability
T · Provide disability benefit · IA · 0% owned
Directly controlled by NA
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 7 June 2023
- IRS schema version
- 2022v5.0
- Source object
- 202341609349300904
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