Form 990 for tax year 2024
Filed by BOARD OF EDUCATION OF MONTGOMERY COUNTY EMPLOYEE BENEFIT TRUST FUND.
Totals
- Total revenue
- $690,058,512
- Total expenses
- $713,455,167
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $688,171,821
- Investment income
- $1,886,691
- Other revenue
- $0
- Total assets, end of year
- $19,427,162
- Total liabilities, end of year
- $77,782,925
- Net assets or fund balances, end of year
- -$58,355,763
- Program services expenses (Part IX)
- $0
- Management and general expenses
- $0
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $713,455,167
Program services were 0.0% 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: Healthcare Coverage
total $688,171,821 · related or exempt $688,171,821 · unrelated business $0 · excluded $0
-
2f · All other program service revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
3 · Investment income
total $1,886,691 · related or exempt $1,886,691 · unrelated business $0 · excluded $0
-
4 · Income from investment of tax-exempt bond proceeds
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
5 · Royalties
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
6c · Rental income or loss
real property $0 · personal property $0
-
7c · Gain or loss
securities $0 · other assets $0
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
4 · Benefits paid to or for members
total $710,984,972
-
24e · All other expenses
total $2,470,195
Balance sheet
Part X, book values.
-
2 · Savings and temporary cash investments
beginning of year $11,784,998 · end of year $6,326,348
-
4 · Accounts receivable
beginning of year $14,728,932 · end of year $13,100,814
-
17 · Accounts payable and accrued expenses
beginning of year $61,473,038 · end of year $77,782,925
-
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 -$34,959,108 · end of year -$58,355,763
Mission and programs · 2024
Mission
Montgomery County Board of Education Employee Benefits Plan (EBP) offers health benefits coverage to its eligible current employees, retirees, and their dependents. The plan includes medical, dental, vision, prescription drug, and life insurance benefits.
-
To provide eligible active employees, retirees and their dependents with healthcare coverage including medical, dental, vision, prescription drug and life insurance benefits.
Expenses $710,984,972 · Revenue $688,171,821
-
Administrative service and investment service to the trust funds.
Expenses $2,470,195
As filed on the 2024 return.
Listed in Part VII
-
Wilmington Trust
Trust
- Total calculated
- $0
- Hours/week
- 0
-
Montgomery County Board of Educatn
Board
- Total calculated
- $0
- Hours/week
- 0
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.
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 7 November 2025
- IRS schema version
- 2024v5.0
- Source object
- 202503119349302590
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