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← DESERET HEALTHCARE EMPLOYEE BENEFITS TRUST

Form 990 for tax year 2024

Filed by DESERET HEALTHCARE EMPLOYEE BENEFITS TRUST.

Totals

Total revenue
$592,818,633
Total expenses
$586,923,296
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$571,129,737
Investment income
$19,946,738
Other revenue
$1,742,158
Total assets, end of year
$393,619,923
Total liabilities, end of year
$107,371,118
Net assets or fund balances, end of year
$286,248,805
Program services expenses (Part IX)
$583,829,375
Management and general expenses
$3,093,921
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 99.5% 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: Premiums

    total $571,129,737 · related or exempt $571,129,737

  • 3 · Investment income

    total $13,475,006 · excluded $13,475,006

  • 7a · Gross sales of assets other than inventory

    securities $113,345,668 · other assets $8,749,545

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

    securities $107,586,949 · other assets $8,036,532

  • 7c · Gain or loss

    securities $5,758,719 · other assets $713,013

  • 7d · Net gain or loss

    total $6,471,732

  • 8c · Net income from fundraising events

    total $0

  • 11a · Other revenue: ACA Settlement

    total $1,742,158 · related or exempt $1,742,158

  • 11e · Other revenue, total

    $1,742,158

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $573,675,502 · program services $573,675,502

  • 11b · Fees: legal

    total $145,322 · management and general $145,322

  • 11c · Fees: accounting

    total $129,455 · management and general $129,455

  • 11f · Fees: investment management

    total $564,326 · management and general $564,326

  • 13 · Office expenses

    total $57,141 · management and general $57,141

  • 14 · Information technology

    total $2,055,888 · management and general $2,055,888

  • 22 · Depreciation, depletion and amortization

    total $278 · management and general $278

  • 24a · Other expenses: Navitus Admin Fee

    total $2,407,414 · program services $2,407,414

  • 24b · Other expenses: Granite Alliance Admin Fe

    total $2,100,041 · program services $2,100,041

  • 24c · Other expenses: UHC Insurance Co Fees

    total $2,834,556 · program services $2,834,556

  • 24e · All other expenses

    total $2,953,373 · program services $2,811,862 · management and general $141,511

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $27,890,960 · end of year $11,458,481

  • 4 · Accounts receivable

    beginning of year $55,599,932 · end of year $53,580,196

  • 10a · Land, buildings and equipment: cost or other basis

    $249,238

  • 10b · Land, buildings and equipment: accumulated depreciation

    $249,238

  • 10c · Land, buildings and equipment, net

    beginning of year $278

  • 11 · Investments: publicly traded securities

    beginning of year $216,191,723 · end of year $256,035,177

  • 12 · Investments: other securities

    beginning of year $74,208,708 · end of year $72,546,069

  • 17 · Accounts payable and accrued expenses

    beginning of year $5,973,763 · end of year $13,496,181

  • 19 · Deferred revenue

    beginning of year $87,142 · end of year $136,530

  • 25 · Other liabilities

    beginning of year $92,179,788 · end of year $93,738,407

  • 31 · Retained earnings, endowment or other funds

    beginning of year $275,650,908 · end of year $286,248,805

Mission and programs · 2024

Mission

Receive contributions and distribute health and welfare benefits for employees and their eligible dependents and beneficiaries in accordance with the provisions adopted by plan sponsors.

Activities or mission (Part I)

Receive contributions and distribute benefits to eligible employees dependentsbeneficiaries according to plans adopted by plan sponsors

  • The Deseret Healthcare Employee Benefits Trust receives contributions in the form of premiums and pays benefits for eligible members.

As filed on the 2024 return.

Listed in Part VII

  • Dmba

    Institutional Trustee

    Total calculated
    $35,771,370
    From this org
    $0
    From related orgs
    $35,771,370
    Other
    $0
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    not reported
    Bonus
    not reported
    Other
    not reported + $35,771,370 related
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    not reported + $35,771,370 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

None.

Answered no

None.

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.

  • Brigham Young University - Hawaii

  • Brigham Young University - Idaho

  • Ensign College

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • Deseret Management Corporation

  • Hawaii Reserves Inc

  • Suburban Land Reserve Inc

  • AgReserves Inc

  • East Central Florida Services Inc

  • Taylor Creek Management Company

  • Deseret Mutual Benefit Administrators

Provenance

Return type
form_990
Tax year
2024
Filed
14 November 2025
IRS schema version
2024v5.2
Source object
202513189349305806

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