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Nonprofiteer
← CENTRAL EMPLOYEES BENEFIT VEBA TR

Form 990 for tax year 2022

Filed by CENTRAL EMPLOYEES BENEFIT VEBA TR.

Totals

Total revenue
$10,612,747
Total expenses
$12,144,250
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$12,542,962
Investment income
-$1,930,215
Other revenue
$0
Total assets, end of year
$22,341,618
Total liabilities, end of year
$2,945
Net assets or fund balances, end of year
$22,338,673
Program services expenses (Part IX)
$11,731,094
Management and general expenses
$413,156
Fundraising expenses
$0
Program service expenses (Part III)
$11,731,094

Program services were 96.6% 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: EMPLOYER CONTRIBUTIONS

    total $8,121,443 · excluded $8,121,443

  • 2b · Program service revenue: PARTICIPANT CONTRIBUTI

    total $4,054,093 · excluded $4,054,093

  • 2c · Program service revenue: POST RETIREMENT CONTRI

    total $367,426 · excluded $367,426

  • 4 · Income from investment of tax-exempt bond proceeds

    total -$1,930,215 · excluded -$1,930,215

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $11,731,094 · program services $11,731,094

  • 11a · Fees: management

    total $300,186 · management and general $300,186

  • 24a · Other expenses: ADMINISTRATIVE EXPENSES

    total $112,970 · management and general $112,970

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $362,743 · end of year $314,529

  • 4 · Accounts receivable

    beginning of year $190,000 · end of year $257,931

  • 11 · Investments: publicly traded securities

    beginning of year $23,163,056 · end of year $21,616,466

  • 15 · Other assets

    beginning of year $156,776 · end of year $152,692

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,399 · end of year $2,945

  • 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 $23,870,176 · end of year $22,338,673

Mission and programs · 2022

Mission

VOLUNTARY EMPLOYEE BENEFITS - MEDICAL, LIFE, DENTAL AND VISION BENEFITS

  • MEDICAL EXPENSES - COVERS VARIOUS EXPENSES RELATING TO HOSPITAL, SURGICAL, PRESCRIPTIONS, ETC.

    Expenses $9,065,638

  • DENTAL EXPENSES - COVERS VARIOUS DENTAL EXPENSES RELATING TO PREVENTION AND DIAGNOSTIC TREATMENT, RESTORATIVE TREATMENT AND ORTHODONTIC TREATMENT

    Expenses $495,131

  • LIFE INSURANCE - COVERS ACTIVE PARTICIPATION OF TWICE ANNUAL SALARY. RETIREES AT ONE-HALF COVERAGE UPON RETIREMENT (MAXIMUM OF $10,000).

    Expenses $394,578

  • VISION EXPENSES - COVERS VARIOUS EXPENSES RELATING TO PREVENTING AND DIAGNOSITC TREATMENT: EXPENSE $130,715. STOP LOSS PREMIUM - REINSURANCE CONTRACT ON LARGE MEDICAL CLAIMS: $516,623. EMPLOYEE ASSISTANCE, PERSONAL ASSESSMENT AND COUNSELING SERVICES: $13,427. MEDICARE ADVANTAGE - RETIREE COVERAGE FOR VARIOUS MEDICAL EXPENSES: $1,114,981

    Expenses $1,775,747

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

Listed in Part VII

  • Central Mutual Insurance Co

    INSTUTIONAL TRUSTEE

    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
2022
Filed
8 May 2023
IRS schema version
2022v5.0
Source object
202301289349302570

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