Form 990 for tax year 2023
Filed by GRINNELL COLLEGE MEDICAL BENEFIT PLAN TRUST AGREEMENT.
Totals
- Total revenue
- $5,293,098
- Total expenses
- $14,223,760
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $4,982,827
- Investment income
- $310,271
- Other revenue
- $0
- Total assets, end of year
- $2,623,743
- Total liabilities, end of year
- $4,199
- Net assets or fund balances, end of year
- $2,619,544
- 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: EMPLOYEE PREMIUM CONTR
total $2,554,434 · related or exempt $2,554,434
-
2b · Program service revenue: EMPLOYER PREMIUM CONTR
total $2,428,393 · related or exempt $2,428,393
-
3 · Investment income
total $310,271 · excluded $310,271
Functional expenses
Part IX, the statement of functional expenses.
-
4 · Benefits paid to or for members
total $12,236,097
-
11g · Fees: other
total $1,626,144
-
24a · Other expenses: PURCHASE OF ANNUITY
total $361,443
-
24e · All other expenses
total $76
Balance sheet
Part X, book values.
-
2 · Savings and temporary cash investments
beginning of year $189,024 · end of year $3,361
-
4 · Accounts receivable
beginning of year $747,421 · end of year $535,876
-
9 · Prepaid expenses and deferred charges
beginning of year $12,000 · end of year $12,000
-
11 · Investments: publicly traded securities
beginning of year $10,602,230 · end of year $2,072,506
-
17 · Accounts payable and accrued expenses
beginning of year $469 · end of year $1,794
-
25 · Other liabilities
beginning of year $0 · end of year $2,405
-
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 $11,550,206 · end of year $2,619,544
Mission and programs · 2023
Mission
PROVIDES GROUP HEALTH INSURANCE FOR ELIGIBLE EMPLOYEES OF GRINNELL COLLEGE.
-
PROVIDE GROUP HEALTH INSURANCE FOR ELIGIBLE EMPLOYEES OF GRINNELL COLLEGE WHO CHOOSE TO PARTICIPATE. THE PLAN, ADMINISTERED BY WELLMARK, AS OF JUNE 30 2024, PROVIDES BENEFITS TO APPROXIMATELY 874 ACTIVE EMPLOYEES, EARLY RETIREES AND SURVIVING SPOUSES IN ADDITION TO THEIR ELIGIBLE FAMILY MEMBERS.
As filed on the 2023 return.
Listed in Part VII
-
Anne HarrisANNE HARRIS
TRUSTEE
- Total calculated
- $788,044
- From this org
- $0
- From related orgs
- $627,118
- Other
- $160,926
- Hours/week
- 1 + 60 related
Schedule J breakdown matched by us
- Base
- $0 + $607,313 related
- Bonus
- $0 + $1,500 related
- Other
- $0 + $18,305 related
- Deferred
- $0 + $33,000 related
- Nontaxable benefits
- $0 + $127,926 related
- Filer's total
- $0 + $788,044 related
-
Germaine GrossGERMAINE GROSS
TRUSTEE
- Total calculated
- $463,988
- From this org
- $0
- From related orgs
- $409,550
- Other
- $54,438
- Hours/week
- 1 + 60 related
Schedule J breakdown matched by us
- Base
- $0 + $363,447 related
- Bonus
- $0 + $44,564 related
- Other
- $0 + $1,539 related
- Deferred
- $0 + $33,000 related
- Nontaxable benefits
- $0 + $21,438 related
- Filer's total
- $0 + $463,988 related
-
Beronda MontgomeryBERONDA MONTGOMERY
TRUSTEE
- Total calculated
- $358,516
- From this org
- $0
- From related orgs
- $307,128
- Other
- $51,388
- Hours/week
- 1 + 60 related
Schedule J breakdown matched by us
- Base
- $0 + $300,682 related
- Bonus
- $0 + $5,000 related
- Other
- $0 + $1,446 related
- Deferred
- $0 + $30,925 related
- Nontaxable benefits
- $0 + $20,463 related
- Filer's total
- $0 + $358,516 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
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 3
- THE GRINNELL COLLEGE MEDICAL BENEFIT PLAN TRUST DOES NOT HAVE ANY EMPLOYEES AND THEREFORE THE PROCESS OF DETERMINING COMPENSATION IS NOT APPLICABLE. THE TRUSTEES OF GRINNELL COLLEGE, A RELATED ORGANIZATION, DOES HAVE SUCH A PROCESS IN PLACE.
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.
-
501(C)(3) · HIGHER EDUCATION · IA
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 14 March 2025
- IRS schema version
- 2023v6.0
- Source object
- 202530999349300533
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