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Nonprofiteer
← SOUTHWEST RESEARCH INSTITUTE VOLUNTARY EES BENEFICIARY ASSOCIAT

Form 990 for tax year 2022

Filed by SOUTHWEST RESEARCH INSTITUTE VOLUNTARY EES BENEFICIARY ASSOCIAT.

Totals

Total revenue
$33,302,240
Total expenses
$32,779,376
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$33,280,710
Investment income
$21,530
Other revenue
$0
Total assets, end of year
$4,277,450
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$4,277,450
Program services expenses (Part IX)
$32,779,376
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$32,779,376

Program services were 100.0% 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 $21,096,773 · related or exempt $21,096,773

  • 2b · Program service revenue: Employee Contributions

    total $11,800,134 · related or exempt $11,800,134

  • 2c · Program service revenue: Cobra Contributions

    total $383,803 · related or exempt $383,803

  • 3 · Investment income

    total $21,530 · excluded $21,530

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $32,763,695 · program services $32,763,695

  • 24a · Other expenses: Trustee Fees

    total $15,681 · program services $15,681

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $3,754,586 · end of year $4,277,450

  • 29 · Capital stock, trust principal or current funds

    beginning of year $3,754,586 · end of year $4,277,450

  • 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 · 2022

Mission

The plan is a self-funded plan that provides health care benefits (medical and dental) to active and retired employees of Southwest Research Institute and other eligible persons.

Activities or mission (Part I)

Provide health care benefits to members & eligible persons

  • Medical and dental benefits for approximately 2,900 members and their dependents.

    Expenses $32,779,376 · Revenue $33,280,710

As filed on the 2022 return.

Listed in Part VII

  • Adam Hamilton

    President

    Total calculated
    $1,701,830
    From this org
    $0
    From related orgs
    $1,648,848
    Other
    $52,982
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,063,032 related
    Bonus
    $0 + $555,058 related
    Other
    $0 + $30,758 related
    Deferred
    $0 + $30,610 related
    Nontaxable benefits
    $0 + $22,372 related
    Filer's total
    $0 + $1,701,830 related

  • WD Downing

    Director

    Total calculated
    $1,043,189
    From this org
    $0
    From related orgs
    $988,403
    Other
    $54,786
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $726,008 related
    Bonus
    $0 + $212,926 related
    Other
    $0 + $49,469 related
    Deferred
    $0 + $30,610 related
    Nontaxable benefits
    $0 + $24,176 related
    Filer's total
    $0 + $1,043,189 related

  • JD Bates

    Director/Former Officer

    Total calculated
    $341,231
    From this org
    $0
    From related orgs
    $341,231
    Other
    $0
    Hours/week
    0.1 + 3 related

    Schedule J breakdown matched by us

    Base
    $0
    Bonus
    $0
    Other
    $0 + $341,231 related
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $341,231 related

  • Milton B Lee II

    Director

    Total calculated
    $43,250
    From this org
    $0
    From related orgs
    $43,250
    Other
    $0
    Hours/week
    0.1 + 3 related

  • John C Korbell

    Director

    Total calculated
    $39,750
    From this org
    $0
    From related orgs
    $39,750
    Other
    $0
    Hours/week
    0.1 + 3 related

  • Phillip J Pfeiffer

    Director

    Total calculated
    $35,500
    From this org
    $0
    From related orgs
    $35,500
    Other
    $0
    Hours/week
    0.1 + 2 related

  • Ricardo Romo

    Director

    Total calculated
    $31,500
    From this org
    $0
    From related orgs
    $31,500
    Other
    $0
    Hours/week
    0.1 + 2 related

  • Wayne S Alexander

    Chairman

    Total calculated
    $36,000
    From this org
    $0
    From related orgs
    $36,000
    Other
    $0
    Hours/week
    0.1 + 2 related

  • Jan L Newton

    Director

    Total calculated
    $40,750
    From this org
    $0
    From related orgs
    $40,750
    Other
    $0
    Hours/week
    0.1 + 3 related

  • Eugene L Ames

    Director

    Total calculated
    $33,000
    From this org
    $0
    From related orgs
    $33,000
    Other
    $0
    Hours/week
    0.1 + 2 related

  • Phillip D Green

    Director

    Total calculated
    $37,000
    From this org
    $0
    From related orgs
    $37,000
    Other
    $0
    Hours/week
    0.1 + 2 related

  • Sam G Dawson

    Vice Chairman

    Total calculated
    $59,500
    From this org
    $0
    From related orgs
    $59,500
    Other
    $0
    Hours/week
    0.1 + 3 related

  • Mary Ann Rankin

    Director

    Total calculated
    $31,500
    From this org
    $0
    From related orgs
    $31,500
    Other
    $0
    Hours/week
    0.1 + 2 related

  • Kimberly Lubel

    Director

    Total calculated
    $34,500
    From this org
    $0
    From related orgs
    $34,500
    Other
    $0
    Hours/week
    0.1 + 2 related

  • David S Zachry

    Director

    Total calculated
    $0
    Hours/week
    0.1 + 2 related

  • Frost National Bank

    Institutional Trustee

    Total calculated
    $15,681
    From this org
    $15,681
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • B A Rafferty

    VP Finance

    Total calculated
    $625,490
    From this org
    $0
    From related orgs
    $574,117
    Other
    $51,373
    Hours/week
    3 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $441,367 related
    Bonus
    $0 + $104,947 related
    Other
    $0 + $27,803 related
    Deferred
    $0 + $30,610 related
    Nontaxable benefits
    $0 + $20,763 related
    Filer's total
    $0 + $625,490 related

  • Linda Boehme

    Treasurer

    Total calculated
    $340,732
    From this org
    $0
    From related orgs
    $290,497
    Other
    $50,235
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $246,842 related
    Bonus
    $0 + $36,489 related
    Other
    $0 + $7,166 related
    Deferred
    $0 + $25,426 related
    Nontaxable benefits
    $0 + $24,809 related
    Filer's total
    $0 + $340,732 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

  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement

The filer's explanations (Part III)

Part I, Line 4b
Also referencing Form 990, Part VII, Sec. A., Col. (D) and Schedule J, Part II, Col. (B) regarding J. Dan Bates. Southwest Research Insititue (The Institute), a related organization, has a noncontributory defined benefit pension plan which is a grandfathered 457 plan, that was granted to Institute officers who were employed as of April 30, 1981. Benefits are provided through a group annuity contract. The last active participant, J. Dan Bates, retired in September 2014. He will receive a monthly benefit for his lifetime, with a twenty-year guarantee. The actural benefit paid in 2022 was $301,981. Additionally, he received Director's Fees of $39,250.

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.

Provenance

Return type
form_990
Tax year
2022
Filed
15 November 2023
IRS schema version
2022v5.0
Source object
202313199349321791

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