Form 990 for tax year 2023
Filed by BKS EMPLOYEE BENEFITS TRUST INC.
Totals
- Total revenue
- $40,057,148
- Total expenses
- $39,383,211
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $39,960,971
- Investment income
- $96,177
- Other revenue
- $0
- Total assets, end of year
- $8,393,332
- Total liabilities, end of year
- $2,887,922
- Net assets or fund balances, end of year
- $5,505,410
- Program services expenses (Part IX)
- $0
- Management and general expenses
- $0
- Fundraising expenses
- $0
- Program service expenses (Part III)
- not reported
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: Employer Contributions
total $28,513,208 · related or exempt $28,513,208
-
2b · Program service revenue: Formulary Rebates
total $3,585,000 · related or exempt $3,585,000
-
2c · Program service revenue: Participant Contributions
total $7,862,763 · related or exempt $7,862,763
-
3 · Investment income
total $96,177 · unrelated business $96,177
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6d · Net rental income or loss
total $0
-
7d · Net gain or loss
total $0
-
8c · Net income from fundraising events
total $0
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $39,358,653
-
5 · Compensation of officers, directors and key employees
total $0
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $0
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $0
-
10 · Payroll taxes
total $0
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $0
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $0
-
12 · Advertising and promotion
total $0
-
13 · Office expenses
total $0
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $0
-
17 · Travel
total $0
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $0
-
23 · Insurance
total $0
-
24a · Other expenses: Federal Income Tax
total $19,987
-
24b · Other expenses: State Income Tax
total $3,807
-
24c · Other expenses: Banking Fee
total $720
-
24d · Other expenses: Filing Fee
total $40
-
24e · All other expenses
total $4
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
end of year $0
-
2 · Savings and temporary cash investments
beginning of year $6,114,374 · end of year $6,497,038
-
3 · Pledges and grants receivable
end of year $0
-
4 · Accounts receivable
end of year $0
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
end of year $0
-
8 · Inventories for sale or use
end of year $0
-
9 · Prepaid expenses and deferred charges
end of year $0
-
10c · Land, buildings and equipment, net
end of year $0
-
11 · Investments: publicly traded securities
end of year $0
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
end of year $0
-
15 · Other assets
beginning of year $1,369,065 · end of year $1,896,294
-
17 · Accounts payable and accrued expenses
beginning of year $2,650,958 · end of year $2,874,984
-
25 · Other liabilities
beginning of year $1,008 · end of year $12,938
-
31 · Retained earnings, endowment or other funds
beginning of year $4,831,473 · end of year $5,505,410
Mission and programs · 2023
Mission
BKS Employee Benefits Trust, Inc. shall establish and maintain one or more health and welfare plans for the payment of life, sickness, accident and other similar benefits which shall constitute an employee welfare benefit plan within the meaning of the Employee Retirement Income Security Act of 1974.
-
Funding of welfare benefits plan for employees, retirees and their dependents
As filed on the 2023 return.
Listed in Part VII
-
Nicki Flanagan
President
- Total calculated
- $552,921
- From this org
- $0
- From related orgs
- $534,568
- Other
- $18,353
- Hours/week
- 0 + 40 related
Schedule J breakdown matched by us
- Base
- not reported + $348,178 related
- Bonus
- not reported + $180,256 related
- Other
- not reported + $6,134 related
- Deferred
- not reported + $16,149 related
- Nontaxable benefits
- not reported + $2,204 related
- Filer's total
- not reported + $552,921 related
-
Peter D Didio
Treasurer
- Total calculated
- $350,163
- From this org
- $0
- From related orgs
- $311,232
- Other
- $38,931
- Hours/week
- 1 + 39 related
Schedule J breakdown matched by us
- Base
- not reported + $242,543 related
- Bonus
- not reported + $71,934 related
- Other
- not reported + $2,208 related
- Deferred
- not reported + $15,690 related
- Nontaxable benefits
- not reported + $23,241 related
- Filer's total
- not reported + $355,616 related
-
Connie Fulton
President
- Total calculated
- $252,049
- From this org
- $0
- From related orgs
- $231,043
- Other
- $21,006
- Hours/week
- 1.5 + 38.5 related
Schedule J breakdown matched by us
- Base
- not reported + $203,240 related
- Bonus
- not reported + $27,887 related
- Other
- not reported + $983 related
- Deferred
- not reported + $11,106 related
- Nontaxable benefits
- not reported + $9,900 related
- Filer's total
- not reported + $253,116 related
-
Shelley King
Secretary
- Total calculated
- $236,275
- From this org
- $0
- From related orgs
- $203,119
- Other
- $33,156
- Hours/week
- 0.5 + 39.5 related
Schedule J breakdown matched by us
- Base
- not reported + $172,866 related
- Bonus
- not reported + $35,160 related
- Other
- not reported + $533 related
- Deferred
- not reported + $10,359 related
- Nontaxable benefits
- not reported + $22,797 related
- Filer's total
- not reported + $241,715 related
-
Sarah Peterson-Herr
Secretary
- Total calculated
- $117,736
- From this org
- $0
- From related orgs
- $100,502
- Other
- $17,234
- Hours/week
- 0.5 + 39.5 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
None.
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
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.
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.
-
Blue Cross Blue Shield of Kansas
C · HEALTH AND LIFE INSURANCE CARRIER · KS
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 27 August 2024
- IRS schema version
- 2023v5.1
- Source object
- 202402409349300435
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