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Nonprofiteer
← SARASOTA FIREFIGHTERS INSURANCE TRUST FUND

Form 990 for tax year 2022

Filed by SARASOTA FIREFIGHTERS INSURANCE TRUST FUND.

Totals

Total revenue
$4,437,506
Total expenses
$2,439,375
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$2,463,107
Investment income
$1,974,399
Other revenue
$0
Total assets, end of year
$50,155,423
Total liabilities, end of year
$89,736
Net assets or fund balances, end of year
$50,065,687
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: EMPLOYER CONTRIBUTIONS

    total $2,416,211 · related or exempt $2,416,211

  • 2b · Program service revenue: PARTICIPANT CONTRIBUTIONS

    total $46,896 · related or exempt $46,896

  • 3 · Investment income

    total $1,077,487 · unrelated business $1,077,487

  • 7a · Gross sales of assets other than inventory

    securities $7,554,090

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

    securities $6,657,178

  • 7c · Gain or loss

    securities $896,912

  • 7d · Net gain or loss

    total $896,912 · unrelated business $896,912

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $2,024,739

  • 11a · Fees: management

    total $39,056

  • 11b · Fees: legal

    total $20,400

  • 11c · Fees: accounting

    total $32,500

  • 11f · Fees: investment management

    total $301,712

  • 11g · Fees: other

    total $16,100

  • 13 · Office expenses

    total $202

  • 23 · Insurance

    total $4,666

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $32,303 · end of year $62,046

  • 2 · Savings and temporary cash investments

    beginning of year $3,165,030 · end of year $3,136,288

  • 4 · Accounts receivable

    beginning of year $91,544 · end of year $166,734

  • 9 · Prepaid expenses and deferred charges

    beginning of year $3,853 · end of year $4,066

  • 11 · Investments: publicly traded securities

    beginning of year $38,021,637 · end of year $36,173,809

  • 12 · Investments: other securities

    beginning of year $4,601,250 · end of year $10,612,480

  • 17 · Accounts payable and accrued expenses

    beginning of year $43,265 · end of year $89,736

  • 27 · Net assets without donor restrictions

    beginning of year $45,872,352 · end of year $50,065,687

Mission and programs · 2022

Mission

THE TRUST IS TO FURNISH FULL OR PARTIAL HEALTH INSURANCE PREMIUMS AND MEDICAL EXPENSE REIMBURSEMENTS, AND FOR CONTRIBUTIONS TO BE MADE TO THE TRUST FUND BY SARASOTA COUNTY AND BY PARTICIPANTS. THE TRUST ADMINISTERS TWO POSTEMPLOYMENT BENEFIT PLAN FUNDS - THE HEALTH BENEFIT PLAN AND THE SUPPLEMENTAL DISABILITY BENEFIT PLAN.

Activities or mission (Part I)

TO PROVIDE HEALTH/MEDICAL AND DISABILITY REIMBURSEMENTS/BENEFITS TO PARTICIPANTS.

  • TRUST FUND FURNISHED MEDICAL EXPENSE REIMBURSEMENTS AND SUPPLEMENTAL DISABILITY BENEFITS TO PARTICIPANTS.

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Philip W Vets

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    3

  • Timm Baker

    TRUSTEE

    Total calculated
    $0
    Hours/week
    3

  • Robert Flynn

    TRUSTEE

    Total calculated
    $0
    Hours/week
    3

  • Johnny R Rigney Jr

    TRUSTEE

    Total calculated
    $0
    Hours/week
    3

  • Matthew Scarborough

    TRUSTEE

    Total calculated
    $0
    Hours/week
    3

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
17 June 2025
IRS schema version
2022v5.0
Source object
202501889349300705

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