Form 990 for tax year 2022
Filed by CALIFORNIA SCHOOL EMPLOYEES ASSOCIATION RETIREE PREMIUM TR.
Totals
- Total revenue
- $4,154,073
- Total expenses
- $3,039,018
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $2,951,523
- Investment income
- $1,202,478
- Other revenue
- $72
- Total assets, end of year
- $65,599,442
- Total liabilities, end of year
- $43,631,647
- Net assets or fund balances, end of year
- $21,967,795
- 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 $2,951,523 · related or exempt $2,951,523
-
3 · Investment income
total $1,202,254 · excluded $1,202,254
-
7a · Gross sales of assets other than inventory
securities $105,595
-
7b · Less cost or other basis and sales expenses
securities $105,371
-
7c · Gain or loss
securities $224
-
7d · Net gain or loss
total $224 · excluded $224
-
11a · Other revenue: OTHER INCOME
total $72 · related or exempt $72
-
11e · Other revenue, total
$72
Functional expenses
Part IX, the statement of functional expenses.
-
4 · Benefits paid to or for members
total $2,951,523
-
11g · Fees: other
total $87,495
Balance sheet
Part X, book values.
-
2 · Savings and temporary cash investments
beginning of year $646,364 · end of year $775,974
-
4 · Accounts receivable
end of year $39,726
-
11 · Investments: publicly traded securities
beginning of year $65,122,601 · end of year $64,783,742
-
15 · Other assets
beginning of year $949 · end of year $0
-
25 · Other liabilities
beginning of year $49,099,937 · end of year $43,631,647
-
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 $16,669,977 · end of year $21,967,795
Mission and programs · 2022
Mission
FUNDS RECEIVED WILL BE INVESTED AND USED FOR THE PAYMENT OF MEDICAL AND LIFE INSURANCE PREMIUMS FOR ITS ELIGIBLE RETIREES AS WELL AS OTHER BENEFITS INCIDENTAL THERE TO.
Activities or mission (Part I)
LIFE INSURANCE, MEDICAL, AND OTHER BENEFITS FOR ELIGIBLE RETIREES.
-
CONTRIBUTIONS RECEIVED BY THE TRUST WILL BE INVESTED AND USED FOR THE PAYMENT OF ALL OR A PORTION OF THE MEDICAL AND LIFE INSURANCE PREMIUMS FOR ITS ELIGIBLE RETIREES AS WELL AS OTHER BENEFITS INCIDENTAL THERE TO.
As filed on the 2022 return.
Listed in Part VII
-
Keith PaceKEITH PACE
EXECUTIVE DIRECTOR
- Total calculated
- $437,148
- From this org
- $0
- From related orgs
- $315,698
- Other
- $121,450
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $315,698 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $121,450 related
- Nontaxable benefits
- $0
- Filer's total
- $0 + $437,148 related
-
Andrew KahnANDREW KAHN
CHIEF COUNSEL
- Total calculated
- $347,561
- From this org
- $0
- From related orgs
- $251,001
- Other
- $96,560
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $251,001 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $96,560 related
- Nontaxable benefits
- $0
- Filer's total
- $0 + $347,561 related
-
Steve BrashearSTEVE BRASHEAR
CHIEF FINANCIAL OFFICER
- Total calculated
- $198,105
- From this org
- $0
- From related orgs
- $143,067
- Other
- $55,038
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $143,067 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $55,038 related
- Nontaxable benefits
- $0
- Filer's total
- $0 + $198,105 related
-
Deguzman HaroldDEGUZMAN HAROLD
CHIEF FINANCIAL OFFICER
- Total calculated
- $14,466
- From this org
- $0
- From related orgs
- $10,447
- Other
- $4,019
- Hours/week
- 1 + 40 related
-
Matthew DishmanMATTHEW DISHMAN
ASSOCIATION PRESIDENT
- Total calculated
- $900
- From this org
- $0
- From related orgs
- $900
- Other
- $0
- Hours/week
- 1 + 40 related
-
Adam WeinbergerADAM WEINBERGER
ASSOCIATION 1ST VP
- Total calculated
- $725
- From this org
- $0
- From related orgs
- $725
- Other
- $0
- Hours/week
- 1 + 5 related
-
Monica HanMONICA HAN
ASSOCIATION 2ND VP
- Total calculated
- $300
- From this org
- $0
- From related orgs
- $300
- Other
- $0
- Hours/week
- 1 + 5 related
-
Letetsia FoxLETETSIA FOX
ASSOCIATION SECRETARY
- Total calculated
- $600
- From this org
- $0
- From related orgs
- $600
- Other
- $0
- Hours/week
- 1 + 5 related
-
Benjamin ValdepenaBENJAMIN VALDEPENA
PAST PRESIDENT
- Total calculated
- $600
- From this org
- $0
- From related orgs
- $600
- Other
- $0
- Hours/week
- 1 + 5 related
-
Ronald WalkerRONALD WALKER
AREA DIRECTOR A
- Total calculated
- $600
- From this org
- $0
- From related orgs
- $600
- Other
- $0
- Hours/week
- 1 + 5 related
-
Colette HetlandCOLETTE HETLAND
AREA DIRECTOR B
- Total calculated
- $600
- From this org
- $0
- From related orgs
- $600
- Other
- $0
- Hours/week
- 1 + 5 related
-
Machelle KessingerMACHELLE KESSINGER
AREA DIRECTOR C
- Total calculated
- $275
- From this org
- $0
- From related orgs
- $275
- Other
- $0
- Hours/week
- 1 + 5 related
-
Donnell FasslerDONNELL FASSLER
AREA DIRECTOR C
- Total calculated
- $325
- From this org
- $0
- From related orgs
- $325
- Other
- $0
- Hours/week
- 1 + 5 related
-
Rameldia MarkRAMELDIA MARK
AREA DIRECTOR D
- Total calculated
- $400
- From this org
- $0
- From related orgs
- $400
- Other
- $0
- Hours/week
- 1 + 5 related
-
Perkins HelenaPERKINS HELENA
AREA DIRECTOR D
- Total calculated
- $200
- From this org
- $0
- From related orgs
- $200
- Other
- $0
- Hours/week
- 1 + 5 related
-
Carmen AlessandroCARMEN ALESSANDRO
AREA DIRECTOR E
- Total calculated
- $600
- From this org
- $0
- From related orgs
- $600
- Other
- $0
- Hours/week
- 1 + 5 related
-
Dale SorensonDALE SORENSON
AREA DIRECTOR F
- Total calculated
- $400
- From this org
- $0
- From related orgs
- $400
- Other
- $0
- Hours/week
- 1 + 5 related
-
Arroyo Jr FreddieARROYO JR FREDDIE
AREA DIRECTOR F
- Total calculated
- $200
- From this org
- $0
- From related orgs
- $200
- Other
- $0
- Hours/week
- 1 + 5 related
-
Ivan PastranoIVAN PASTRANO
AREA DIRECTOR G
- Total calculated
- $600
- From this org
- $0
- From related orgs
- $600
- Other
- $0
- Hours/week
- 1 + 5 related
-
Bill HagarBILL HAGAR
AREA DIRECTOR H
- Total calculated
- $600
- From this org
- $0
- From related orgs
- $600
- Other
- $0
- Hours/week
- 1 + 5 related
-
Donald SnyderDONALD SNYDER
AREA DIRECTOR I
- Total calculated
- $600
- From this org
- $0
- From related orgs
- $600
- Other
- $0
- Hours/week
- 1 + 5 related
-
Beatriz MoraBEATRIZ MORA
AREA DIRECTOR K
- Total calculated
- $400
- From this org
- $0
- From related orgs
- $400
- Other
- $0
- Hours/week
- 1 + 5 related
-
Troy D JohnsonTROY D JOHNSON
AREA DIRECTOR K
- Total calculated
- $200
- From this org
- $0
- From related orgs
- $200
- Other
- $0
- Hours/week
- 1 + 5 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
- 3 · Approval by the board or compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
The filer's explanations (Part III)
- PART I, LINE 3
- CALIFORNIA SCHOOL EMPLOYEES ASSOCIATION RETIREE PREMIUM TRUST DOES NOT HAVE ANY EMPLOYEES AND THEREFORE NO POLICIES EXIST. HOWEVER, THE ORGANIZATION HAS A RELATED ORGANIZATION, CALIFORNIA SCHOOL EMPLOYEES ASSOCIATION, AND THEY USE APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE AS THEIR METHOD FOR ESTABLISHING COMPENSATION.
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.
-
CALIFORNIA SCHOOL EMPLOYEES ASSOCIATION
501(C)(5) · PROMOTE AND PROTECT THE RIGHTS & WELFARE OF ITS MEMBERS · CA
-
PACE OF CSEA PAC
527 · TO PARTICIPATE IN STATE AND/OR LOCAL CANDIDATE ELECTIONS · CA
Directly controlled by CALIFORNIA SCHOOL EMPLOYEES ASSOCIATION
-
PACE OF CSEA LOCAL STATE FEDERAL CANDIDATES
527 · TO PARTICIPATE IN LOCAL, STATE AND FEDERAL CANDIDATE ELECTIONS · CA
Directly controlled by CALIFORNIA SCHOOL EMPLOYEES ASSOCIATION
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 26 February 2024
- IRS schema version
- 2022v5.0
- Source object
- 202401069349301930
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