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Nonprofiteer
← IDAHO POWER COMPANY VOLUNTARY EMPLOYEES BENEFICIARY ASSOCIATION

Form 990 for tax year 2023

Filed by IDAHO POWER COMPANY VOLUNTARY EMPLOYEES BENEFICIARY ASSOCIATION.

Totals

Total revenue
$35,044,026
Total expenses
$39,211,527
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$34,248,689
Investment income
$120,553
Other revenue
$674,784
Total assets, end of year
$31,824,451
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$31,824,451
Program services expenses (Part IX)
$39,170,356
Management and general expenses
$41,171
Fundraising expenses
$0
Program service expenses (Part III)
$39,170,356

Program services were 99.9% 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: PLAN CONTRIBUTIONS

    total $34,248,689 · related or exempt $34,248,689

  • 3 · Investment income

    total $120,553 · unrelated business $120,553

  • 11a · Other revenue: DEATH BENEFIT CLAIMS

    total $674,784 · related or exempt $674,784

  • 11e · Other revenue, total

    $674,784

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $38,228,646 · program services $38,228,646

  • 5 · Compensation of officers, directors and key employees

    total $41,171 · management and general $41,171

  • 24a · Other expenses: INSURANCE & MORTALITY E

    total $941,710 · program services $941,710

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,009,216 · end of year $1,725,833

  • 11 · Investments: publicly traded securities

    beginning of year $2,467,258 · end of year $2,272,194

  • 15 · Other assets

    beginning of year $26,563,644 · end of year $27,826,424

  • 29 · Capital stock, trust principal or current funds

    beginning of year $31,040,118 · end of year $31,824,451

  • 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 MEDICAL AND DENTAL BENEFITS TO IDAHO POWER COMPANY EMPLOYEES AND RETIRED EMPLOYEES (KEY EMPLOYEES EXCLUDED).

  • TO PROVIDE MEDICAL AND DENTAL BENEFITS TO IDAHO POWER COMPANY EMPLOYEES AND RETIRED EMPLOYEES (KEY EMPLOYEES EXCLUDED).

    Expenses $39,170,356 · Revenue $34,923,473

As filed on the 2023 return.

Listed in Part VII

  • The Bank Of New York

    TRUSTEE

    Total calculated
    $41,171
    From this org
    $41,171
    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.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
14 November 2024
IRS schema version
2023v5.1
Source object
202443199349310169

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