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Nonprofiteer
← PENNSYLVANIA EMPLOYEES BENEFIT

Form 990 for tax year 2023

Filed by PENNSYLVANIA EMPLOYEES BENEFIT.

Totals

Total revenue
$1,348,718,179
Total expenses
$1,171,690,410
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$1,314,022,327
Investment income
$34,695,852
Other revenue
$0
Total assets, end of year
$1,187,630,384
Total liabilities, end of year
$121,037,571
Net assets or fund balances, end of year
$1,066,592,813
Program services expenses (Part IX)
$0
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$0

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: Employer contributions

    total $1,155,971,741 · related or exempt $1,155,971,741 · unrelated business $0 · excluded $0

  • 2b · Program service revenue: Participant contributions

    total $156,889,897 · related or exempt $156,889,897 · unrelated business $0 · excluded $0

  • 2f · All other program service revenue

    total $1,160,689 · related or exempt $1,160,689 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $39,586,490 · related or exempt $39,586,490 · unrelated business $0 · excluded $0

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 5 · Royalties

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 6a · Gross rents

    real property $0 · personal property $0

  • 6b · Less rental expenses

    real property $0 · personal property $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 6d · Net rental income or loss

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 7a · Gross sales of assets other than inventory

    securities $219,209,658 · other assets $0

  • 7b · Less cost or other basis and sales expenses

    securities $224,100,296 · other assets $0

  • 7c · Gain or loss

    securities -$4,890,638 · other assets $0

  • 7d · Net gain or loss

    total -$4,890,638 · related or exempt -$4,890,638 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $0

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 $1,134,318,542

  • 5 · Compensation of officers, directors and key employees

    total $665,159

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $4,330,425

  • 8 · Pension plan contributions

    total $239,898

  • 9 · Other employee benefits

    total $1,067,865

  • 10 · Payroll taxes

    total $395,381

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $380,064

  • 11c · Fees: accounting

    total $91,165

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $894,709

  • 11g · Fees: other

    total $966,531

  • 12 · Advertising and promotion

    total $0

  • 13 · Office expenses

    total $419,975

  • 14 · Information technology

    total $886,230

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $179,637

  • 17 · Travel

    total $25,409

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $0

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $88,774

  • 23 · Insurance

    total $213,566

  • 24a · Other expenses: Retention Expense Admin

    total $20,291,731

  • 24b · Other expenses: Mental Health/Substance Abuse

    total $5,687,732

  • 24c · Other expenses: Dues Subscriptions, Licenses

    total $485,094

  • 24d · Other expenses: Disease Management

    total $26,756

  • 24e · All other expenses

    total $35,767

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $0 · end of year $0

  • 2 · Savings and temporary cash investments

    beginning of year $431,589,065 · end of year $491,674,888

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $0

  • 4 · Accounts receivable

    beginning of year $144,070,085 · end of year $140,940,128

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $399,996 · end of year $1,676,357

  • 10a · Land, buildings and equipment: cost or other basis

    $39,147,475

  • 10b · Land, buildings and equipment: accumulated depreciation

    $38,947,594

  • 10c · Land, buildings and equipment, net

    beginning of year $260,900 · end of year $199,881

  • 11 · Investments: publicly traded securities

    beginning of year $423,930,064 · end of year $553,006,919

  • 12 · Investments: other securities

    beginning of year $0 · end of year $0

  • 13 · Investments: program-related

    beginning of year $0 · end of year $0

  • 14 · Intangible assets

    beginning of year $196,706 · end of year $0

  • 15 · Other assets

    beginning of year $0 · end of year $132,211

  • 17 · Accounts payable and accrued expenses

    beginning of year $37,028,406 · end of year $41,337,571

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $0 · end of year $0

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $0 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $84,519,000 · end of year $79,700,000

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 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 $878,899,410 · end of year $1,066,592,813

Mission and programs · 2023

Mission

Trust for the provision of medical, surgical, hospital, and supplemental benefits to employees of the Commonwealth of Pennsylvania and associated agencies, as well as their dependents and retirees.

Activities or mission (Part I)

Trust for the provision of employee benefits to employees of the Commonwealth of Pennsylvania.

  • To provide medical, surgical, hospital, and supplemental benefits to employees of the Commonwealth of Pennsylvania as well as other participants. Benefits provided to approximately 67,100 contracts, or 152,000 covered lives.

As filed on the 2023 return.

Listed in Part VII

  • Kathryn Farley

    Former Executive Director / CEO

    Total calculated
    $340,111
    From this org
    $308,392
    From related orgs
    $0
    Other
    $31,719
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $295,785
    Bonus
    $0
    Other
    $12,607
    Deferred
    $17,081
    Nontaxable benefits
    $22,617
    Filer's total
    $348,090

  • Lori Donovan

    COO

    Total calculated
    $284,949
    From this org
    $246,966
    From related orgs
    $0
    Other
    $37,983
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $246,275
    Bonus
    $0
    Other
    $690
    Deferred
    $23,345
    Nontaxable benefits
    $21,372
    Filer's total
    $291,682

  • Sharon Young

    CFO

    Total calculated
    $213,997
    From this org
    $189,025
    From related orgs
    $0
    Other
    $24,972
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $188,335
    Bonus
    $0
    Other
    $690
    Deferred
    $10,334
    Nontaxable benefits
    $20,817
    Filer's total
    $220,176

  • Jim Cibak

    Chief Information Officer

    Total calculated
    $208,852
    From this org
    $182,897
    From related orgs
    $0
    Other
    $25,955
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $181,220
    Bonus
    $0
    Other
    $1,677
    Deferred
    $11,317
    Nontaxable benefits
    $20,553
    Filer's total
    $214,767

  • John-Marc Blanche

    Network Manager

    Total calculated
    $172,732
    From this org
    $148,821
    From related orgs
    $0
    Other
    $23,911
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $148,119
    Bonus
    $0
    Other
    $702
    Deferred
    $9,273
    Nontaxable benefits
    $18,640
    Filer's total
    $176,734

  • Amy Spease

    Director of Support Services / Training

    Total calculated
    $162,290
    From this org
    $138,410
    From related orgs
    $0
    Other
    $23,880
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $137,776
    Bonus
    $0
    Other
    $635
    Deferred
    $9,242
    Nontaxable benefits
    $14,638
    Filer's total
    $162,291

  • Christy Leo

    Director of Communications

    Total calculated
    $155,391
    From this org
    $132,195
    From related orgs
    $0
    Other
    $23,196
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $130,473
    Bonus
    $0
    Other
    $1,723
    Deferred
    $8,558
    Nontaxable benefits
    $18,147
    Filer's total
    $158,901

  • John Cromer

    Accounting Manager

    Total calculated
    $142,493
    From this org
    $120,366
    From related orgs
    $0
    Other
    $22,127
    Hours/week
    40

  • Linda Tezak

    Data Center Manager

    Total calculated
    $141,708
    From this org
    $119,147
    From related orgs
    $0
    Other
    $22,561
    Hours/week
    40

  • Neil Weaver

    Chairman

    Total calculated
    $0
    Hours/week
    0.25

  • Michael Sukal

    Secretary

    Total calculated
    $0
    Hours/week
    0.25

  • Stephen Catanese

    Board Member

    Total calculated
    $0
    Hours/week
    0.25

  • Valarie Arkoosh

    Board Member

    Total calculated
    $0
    Hours/week
    0.25

  • William Einhorn

    Board Member

    Total calculated
    $0
    Hours/week
    0.25

  • Natalie Krug

    Board Member

    Total calculated
    $0
    Hours/week
    0.25

  • Kerri Gallagher

    Board Member

    Total calculated
    $0
    Hours/week
    0.25

  • Tara Long

    Board Member

    Total calculated
    $0
    Hours/week
    0.25

  • Zollie J Rayner Jr

    Board Member

    Total calculated
    $0
    Hours/week
    0.25

  • H Ben Lukens

    Board Member

    Total calculated
    $0
    Hours/week
    0.25

  • Tom Tosti

    Board Member

    Total calculated
    $0
    Hours/week
    0.25

  • Uri Monson

    Board Member

    Total calculated
    $0
    Hours/week
    0.25

  • Adam K Weber

    Board Member

    Total calculated
    $0
    Hours/week
    0.25

  • Tracy Sullivan

    Board Member

    Total calculated
    $0
    Hours/week
    0.25

  • Matt Yarnell

    Board Member

    Total calculated
    $0
    Hours/week
    0.25

  • Erika Swaney

    Board Member

    Total calculated
    $0
    Hours/week
    0.25

  • Wendell Young IV

    Board Member

    Total calculated
    $0
    Hours/week
    0.25

  • Jason Swarthout

    Board Member

    Total calculated
    $0
    Hours/week
    0.25

  • Dave Henderson

    Board Member

    Total calculated
    $0
    Hours/week
    0.25

  • Don Clair

    Executive Director/CEO

    Total calculated
    $0
    Hours/week
    40

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

  • 1a · Tax indemnification and gross-up payments
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

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)

Schedule J, Part I, Line 1a
Gross-up for Kathryn Farley for the current year totaled $2,428.

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
20 February 2025
IRS schema version
2023v6.0
Source object
202540519349301619

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