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← SCHOOL DISTRICT 1 HEALTH & WELFARE TRUST FUND

Form 990 for tax year 2023

Filed by SCHOOL DISTRICT 1 HEALTH & WELFARE TRUST FUND.

Totals

Total revenue
$106,682,288
Total expenses
$108,476,117
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$105,759,339
Investment income
$922,949
Other revenue
$0
Total assets, end of year
$35,024,397
Total liabilities, end of year
$18,763,484
Net assets or fund balances, end of year
$16,260,913
Program services expenses (Part IX)
$0
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
not reported

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 $103,787,322 · related or exempt $103,787,322

  • 2b · Program service revenue: PARTICIPANT CONTRIBUTIONS

    total $1,972,017 · related or exempt $1,972,017

  • 3 · Investment income

    total $922,949 · related or exempt $922,949

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $104,868,810

  • 11a · Fees: management

    total $702,150

  • 11b · Fees: legal

    total $55,200

  • 11c · Fees: accounting

    total $27,500

  • 11f · Fees: investment management

    total $63,050

  • 11g · Fees: other

    total $607,413

  • 13 · Office expenses

    total $54,499

  • 19 · Conferences, conventions and meetings

    total $86,530

  • 23 · Insurance

    total $45,433

  • 24a · Other expenses: CLAIMS ADMINISTRATION

    total $1,949,227

  • 24b · Other expenses: PCORI TAX

    total $16,305

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,872,864 · end of year $1,068,183

  • 4 · Accounts receivable

    beginning of year $11,954,887 · end of year $12,249,920

  • 9 · Prepaid expenses and deferred charges

    beginning of year $281,981 · end of year $13,397

  • 11 · Investments: publicly traded securities

    beginning of year $19,689,582 · end of year $21,692,897

  • 17 · Accounts payable and accrued expenses

    beginning of year $71,218 · end of year $119,658

  • 19 · Deferred revenue

    beginning of year $2,867,127 · end of year $2,787,611

  • 25 · Other liabilities

    beginning of year $13,886,593 · end of year $15,856,215

  • 31 · Retained earnings, endowment or other funds

    beginning of year $16,974,376 · end of year $16,260,913

Mission and programs · 2023

Mission

TO PROVIDE HEALTH AND LIFE INSURANCE BENFITS TO PARTICIPANTS, AS DEFINED IN VARIOUS COLLECTIVE BARGAINING AGREEMNETS, AND THEIR ELIGIBLE SPOUSES AND DEPENDENTS IN ACCORDANCE WITH THE TERMS OF THE BENEFIT PLANS OFFERED.

  • TO PROVIDE HEALTH BENEFITS TO ELIGIBLE PARTICIPANTS AND THEIR DEPENDENTS.

  • TO PROVIDE HEALTH BENEFITS TO ELIGIBLE PARTICIPANTS AND THEIR DEPENDENTS.

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Russ Peterson

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Michelle Batten

    TRUST CO-CHA

    Total calculated
    $0
    Hours/week
    1

  • Gwen Sullivan

    TRUST CO-CHA

    Total calculated
    $0
    Hours/week
    1

  • Ligena Hein

    TRUST CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Stacey Lukas

    TUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Nahir Perez

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • David Donachie

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Jennie Johnson

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Brian Halberg

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Tammy Adams

    TRUSTEE

    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.

  • PORTLAND PUBLIC SCHOOLS

    501C · PUBLIC SCH · OR

Provenance

Return type
form_990
Tax year
2023
Filed
10 August 2024
IRS schema version
2023v5.0
Source object
202443049349301944

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