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Nonprofiteer
← WASHOE COUNTY SCHOOL DISTRICT OPEB TRUST

Form 990 for tax year 2024

Filed by WASHOE COUNTY SCHOOL DISTRICT OPEB TRUST.

Totals

Total revenue
$8,962,558
Total expenses
$8,353,616
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$6,775,424
Investment income
$2,187,134
Other revenue
$0
Total assets, end of year
$93,782,141
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$93,782,141
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: EMPLOYER CONTRIBUTIONS

    total $6,775,424 · related or exempt $6,775,424

  • 3 · Investment income

    total $2,187,134 · unrelated business $2,187,134

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $8,273,393

  • 11c · Fees: accounting

    total $43,685

  • 11g · Fees: other

    total $36,538

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year -$1,333,616 · end of year $3,217,020

  • 12 · Investments: other securities

    beginning of year $93,569,472 · end of year $90,565,121

  • 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 $92,235,856 · end of year $93,782,141

Mission and programs · 2024

Mission

THE WASHOE COUNTY SCHOOL DISTRICT OPEB TRUST WAS ESTABLISHED TO PROVIDE A TAX-EXEMPT FUNDING VEHICLE FOR HEALTH BENEFITS PROVIDED TO RETIREES OF WASHOE COUNTY SCHOOL DISTRICT, INCLUDING HEALTH INSURANCE COVERAGE, CONTRIBUTIONS TO THE NEVADA PUBLIC EMPLOYEES BENEFITS PROGRAM FOR RETIREES, LIFE INSURANCE COVERAGE, DENTAL BENEFIT COVERAGE, AND VISION BENEFIT COVERAGE. WASHOE COUNTY SCHOOL DISTRICT WILL MAKE CONTRIBUTIONS TO THE TRUST FUND FOR THESE BENEFITS, AND THE TRUST FUND WILL MAKE PAYMENTS FOR THESE BENEFITS FOR THE ELIGIBLE RETIREES OF THE DISTRICT. THE TRUST FUND ASSETS ALSO MAY BE USED TO PAY FOR THE ADMINISTRATIVE EXPENSES OF MAINTAINING THE TRUST FUND.

Activities or mission (Part I)

PROVIDE HEALTH AND WELFARE BENFITS TO RETIREES.

  • N/A

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Mark Mathers

    CFO

    Total calculated
    $286,578
    From this org
    $0
    From related orgs
    $205,477
    Other
    $81,101
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $205,477 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $65,759 related
    Nontaxable benefits
    $0 + $15,342 related
    Filer's total
    $0 + $286,578 related

  • Fran McGregor

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Jeffrey Kirst

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Mary Lamont

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Alex Taylor

    TRUSTEE (BEG 10/2024)

    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. 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.

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.

  • WASHOE COUNTY SCHOOL DISTRICT

    501(C)(1) · SCHOOL DISTRICT · NV

Provenance

Return type
form_990
Tax year
2024
Filed
3 April 2026
IRS schema version
2024v5.5
Source object
202600939349300810

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