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← SOUTH CAROLINA TRUCKING ASSOCIATION INC GROUP INSURANCE TRUST

Form 990 for tax year 2022

Filed by SOUTH CAROLINA TRUCKING ASSOCIATION INC GROUP INSURANCE TRUST.

Totals

Total revenue
$5,352,016
Total expenses
$5,353,880
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$5,352,016
Investment income
$0
Other revenue
$0
Total assets, end of year
$81,920
Total liabilities, end of year
$68,103
Net assets or fund balances, end of year
$13,817
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: INSURANCE PREMIUMS

    total $5,334,905 · related or exempt $5,334,905

  • 2b · Program service revenue: ADMIN FEES

    total $14,840 · related or exempt $14,840

  • 2c · Program service revenue: SPONSOR CONTRIBUTION

    total $2,271 · related or exempt $2,271

Functional expenses

Part IX, the statement of functional expenses.

  • 11c · Fees: accounting

    total $12,000

  • 24a · Other expenses: INSURANCE PREMIUMS

    total $5,334,905

  • 24b · Other expenses: BANK FEES

    total $4,704

  • 24c · Other expenses: INSURANCE

    total $2,271

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $158,497 · end of year $71,126

  • 4 · Accounts receivable

    beginning of year $54,458 · end of year $10,794

  • 17 · Accounts payable and accrued expenses

    beginning of year $415 · end of year $12,410

  • 19 · Deferred revenue

    beginning of year $86,255 · end of year $11,275

  • 25 · Other liabilities

    beginning of year $110,604 · end of year $44,418

  • 29 · Capital stock, trust principal or current funds

    beginning of year $15,681 · end of year $13,817

  • 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

TO PROVIDE GROUP HEALTH INSURANCE AND OTHER WELFARE BENEFITS TO THE EMPLOYEES OF THE SOUTH CAROLINA TRUCKING ASSOCIATION'S (SCTA) MEMBER EMPLOYERS.

Activities or mission (Part I)

TO PROVIDE GROUP HEALTH INSURANCE AND OTHER WELFARE BENEFITS TO THE EMPLOYEES OF THE SOUTH CAROLINA TRUCKING ASSOCIATION'S (SCTA) MEMBER EMPLOYERS BY ISSUANCE OF ONE OR MORE FULLY INSURED INSURANCE POLICIES.

  • PROVIDED HEALTH ,DENTAL, VISION AND GROUP LIFE INSURANCE TO EMPLOYEES OF ELIGIBLE MEMBERS OF THE SOUTH CAROLINA TRUCKING ASSOCIATION SERVING APPROXIMATELY 477 FAMILIES AND INDIVIDUALS.

As filed on the 2022 return.

Listed in Part VII

  • Ronald Cooper

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Christopher Garrett

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Mark Randolph

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Jerry Smith

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Richard Bogan

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

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.

Provenance

Return type
form_990
Tax year
2022
Filed
6 December 2023
IRS schema version
2022v5.0
Source object
202313409349301351

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