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Nonprofiteer
← CLEAT BENEFIT TRUST

Form 990 for tax year 2022

Filed by CLEAT BENEFIT TRUST.

Totals

Total revenue
$3,981,672
Total expenses
$3,689,984
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$3,978,977
Investment income
$2,695
Other revenue
$0
Total assets, end of year
$1,958,219
Total liabilities, end of year
$41,323
Net assets or fund balances, end of year
$1,916,896
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: BENEFITS COVERAGE PMTS

    total $3,978,977 · related or exempt $3,978,977

  • 3 · Investment income

    total $12,527 · excluded $12,527

  • 7a · Gross sales of assets other than inventory

    securities $147,037

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

    securities $156,869

  • 7c · Gain or loss

    securities -$9,832

  • 7d · Net gain or loss

    total -$9,832 · excluded -$9,832

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $3,246,298

  • 11b · Fees: legal

    total $1,036

  • 11c · Fees: accounting

    total $15,572

  • 24a · Other expenses: ADMINISTRATIVE FEES

    total $417,836

  • 24b · Other expenses: BANK CHARGES

    total $9,242

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,383,273 · end of year $1,004,408

  • 11 · Investments: publicly traded securities

    beginning of year $198,243 · end of year $319,056

  • 12 · Investments: other securities

    beginning of year $215,157 · end of year $634,755

  • 17 · Accounts payable and accrued expenses

    beginning of year $127,834 · end of year $41,323

  • 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 $1,668,839 · end of year $1,916,896

Mission and programs · 2022

Mission

TO PROVIDE HEALTH AND WELFARE BENEFITS TO THE PARTICIPANTS

Activities or mission (Part I)

TO PROVIDE HEALTH AND WELFARE BENEFITS TO THE PARTICIPANTS.

  • HEALTH BENEFITS: DENTAL AND VISION PLAN FOR 3,908 PLAN PARTICIPANTS AND AN ACCIDENTAL DEATH AND DISMEMBERMENT POLICY.

  • LINE OF DUTY DEATH BENEFIT THROUGH ACCIDENTAL DEATH AND DISMEMBERMENT POLICY FOR 25,688 PLAN PARTICIPANTS. BENEFITS ARE FUNDED THROUGH A GROUP INSURANCE POLICY.

As filed on the 2022 return.

Listed in Part VII

  • Greg Shipley

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Mike Short

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Marvin Ryals

    MANAGING TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • D Lloyd Cook

    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.

Provenance

Return type
form_990
Tax year
2022
Filed
8 November 2023
IRS schema version
2022v5.0
Source object
202313129349303921

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