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← VEBA TRUST AGREEMENT FOR OHIO EDUC ASSOCIATION GROUP BENEFIT PLAN

Form 990 for tax year 2023

Filed by VEBA TRUST AGREEMENT FOR OHIO EDUC ASSOCIATION GROUP BENEFIT PLAN.

Totals

Total revenue
$9,730,817
Total expenses
$8,285,752
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$8,595,127
Investment income
$1,135,690
Other revenue
$0
Total assets, end of year
$28,611,295
Total liabilities, end of year
$2,733
Net assets or fund balances, end of year
$28,608,562
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 $8,002,438 · related or exempt $8,002,438

  • 2b · Program service revenue: PARTICIPANT CONTRIBUTIONS-ACTIVE

    total $517,246 · related or exempt $517,246

  • 2c · Program service revenue: PARTICIPANT CONTRIBUTIONS-RETIRED

    total $75,443 · related or exempt $75,443

  • 3 · Investment income

    total $951,409 · unrelated business $951,409

  • 7a · Gross sales of assets other than inventory

    securities $5,196,624

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

    securities $5,012,343

  • 7c · Gain or loss

    securities $184,281

  • 7d · Net gain or loss

    total $184,281 · unrelated business $184,281

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $7,347,474

  • 5 · Compensation of officers, directors and key employees

    total $5,399

  • 11f · Fees: investment management

    total $46,466

  • 24a · Other expenses: PLAN ADMINISTRATION EXP

    total $886,413

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $180,364 · end of year $103,381

  • 4 · Accounts receivable

    beginning of year $47,925 · end of year $59,864

  • 11 · Investments: publicly traded securities

    beginning of year $24,179,723 · end of year $28,448,050

  • 17 · Accounts payable and accrued expenses

    end of year $2,733

  • 29 · Capital stock, trust principal or current funds

    beginning of year $24,408,012 · end of year $28,608,562

  • 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 · 2023

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 2023 return.

Listed in Part VII

  • SCOTT DIMAURO

    PRESIDENT

    Total calculated
    $291,793
    From this org
    $0
    From related orgs
    $226,779
    Other
    $65,014
    Hours/week
    1 + 65 related

    Schedule J breakdown matched by us

    Base
    $0 + $212,177 related
    Bonus
    $0
    Other
    $0 + $14,602 related
    Deferred
    $0 + $24,154 related
    Nontaxable benefits
    $0 + $40,860 related
    Filer's total
    $0 + $291,793 related

  • JEFF WENSING

    VICE PRESIDENT

    Total calculated
    $232,029
    From this org
    $0
    From related orgs
    $202,336
    Other
    $29,693
    Hours/week
    1 + 64 related

    Schedule J breakdown matched by us

    Base
    $0 + $187,936 related
    Bonus
    $0
    Other
    $0 + $14,400 related
    Deferred
    $0 + $19,749 related
    Nontaxable benefits
    $0 + $9,944 related
    Filer's total
    $0 + $232,029 related

  • MARK HILL RESIGNED 71524

    SECRETARY/TREASURER

    Total calculated
    $257,287
    From this org
    $0
    From related orgs
    $199,656
    Other
    $57,631
    Hours/week
    1 + 64 related

    Schedule J breakdown matched by us

    Base
    $0 + $185,101 related
    Bonus
    $0
    Other
    $0 + $14,555 related
    Deferred
    $0 + $21,975 related
    Nontaxable benefits
    $0 + $35,656 related
    Filer's total
    $0 + $257,287 related

  • ROB MCFEE BEGIN 71524

    SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    1 + 64 related

  • PATRICIA COLLINS MURDOCK

    EXECUTIVE DIRECTOR

    Total calculated
    $300,401
    From this org
    $0
    From related orgs
    $227,762
    Other
    $72,639
    Hours/week
    1 + 61 related

    Schedule J breakdown matched by us

    Base
    $0 + $209,590 related
    Bonus
    $0
    Other
    $0 + $18,172 related
    Deferred
    $0 + $51,637 related
    Nontaxable benefits
    $0 + $21,002 related
    Filer's total
    $0 + $300,401 related

  • MATRIX TRUST COMPANY

    TRUSTEE

    Total calculated
    $5,399
    From this org
    $5,399
    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.

Provenance

Return type
form_990
Tax year
2023
Filed
23 June 2025
IRS schema version
2023v6.0
Source object
202541769349301419

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