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Nonprofiteer
← EL POMAR FOUNDATION EMPLOYEE BENEFIT TRUST

Form 990 for tax year 2023

Filed by EL POMAR FOUNDATION EMPLOYEE BENEFIT TRUST.

Totals

Total revenue
$1,205,322
Total expenses
$1,295,953
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$1,195,355
Investment income
$9,967
Other revenue
$0
Total assets, end of year
$801,202
Total liabilities, end of year
$56
Net assets or fund balances, end of year
$801,146
Program services expenses (Part IX)
$0
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$1,295,953

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: Member Premiums

    total $1,195,355 · excluded $1,195,355

  • 3 · Investment income

    total $8,664 · excluded $8,664

  • 7a · Gross sales of assets other than inventory

    securities $200,000

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

    securities $198,697

  • 7c · Gain or loss

    securities $1,303

  • 7d · Net gain or loss

    total $1,303

  • 8c · Net income from fundraising events

    total $0

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $826,674

  • 11a · Fees: management

    total $113,158

  • 23 · Insurance

    total $349,718

  • 24a · Other expenses: Plan Document Fees

    total $2,404

  • 24b · Other expenses: NQTL Analysis

    total $3,999

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $283,185 · end of year $205,007

  • 11 · Investments: publicly traded securities

    beginning of year $592,497 · end of year $596,195

  • 17 · Accounts payable and accrued expenses

    end of year $56

  • 31 · Retained earnings, endowment or other funds

    beginning of year $875,682 · end of year $801,146

Mission and programs · 2023

Mission

To hold assets to provide for the payment of sick, accident or other benefits for its members and their dependents.

Activities or mission (Part I)

To hold assets to provide for the payment of life sick accident or other benefits to its members and their dependents

  • Payment of sick, accident, and other benefits for members

    Expenses $1,295,953 · Revenue $1,205,322

As filed on the 2023 return.

Listed in Part VII

  • R Thayer Tutt Jr

    Trustee

    Total calculated
    $623,315
    From this org
    $0
    From related orgs
    $547,943
    Other
    $75,372
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    not reported + $429,333 related
    Bonus
    not reported + $9,000 related
    Other
    not reported + $109,610 related
    Deferred
    not reported + $75,372 related
    Nontaxable benefits
    not reported + $66,097 related
    Filer's total
    not reported + $689,412 related

  • Elaine Martinez

    Trustee

    Total calculated
    $304,986
    From this org
    $0
    From related orgs
    $277,886
    Other
    $27,100
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    not reported + $256,155 related
    Bonus
    not reported + $3,500 related
    Other
    not reported + $18,231 related
    Deferred
    not reported + $27,100 related
    Nontaxable benefits
    not reported + $63,057 related
    Filer's total
    not reported + $368,043 related

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

  • 2 · Substantiation required before reimbursing expenses
  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • The Garden City Company

    c Corp · Farm Lease · CO · share of income -$28,800 · share of assets $312,209

    Directly controlled by NA

Provenance

Return type
form_990
Tax year
2023
Filed
17 May 2024
IRS schema version
2023v5.0
Source object
202421389349301132

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