Form 990 for tax year 2022
Filed by DESERET HEALTHCARE EMPLOYEE BENEFITS TRUST.
Totals
- Total revenue
- $481,314,750
- Total expenses
- $507,559,505
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $472,938,290
- Investment income
- $8,376,460
- Other revenue
- $0
- Total assets, end of year
- $360,796,287
- Total liabilities, end of year
- $89,896,315
- Net assets or fund balances, end of year
- $270,899,972
- Program services expenses (Part IX)
- $504,978,880
- Management and general expenses
- $2,580,625
- 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 $472,938,290 · related or exempt $472,938,290
-
3 · Investment income
total $7,028,686 · unrelated business $3,424 · excluded $7,025,262
-
7a · Gross sales of assets other than inventory
securities $68,355,114 · other assets $6,997,623
-
7b · Less cost or other basis and sales expenses
securities $68,242,704 · other assets $5,762,259
-
7c · Gain or loss
securities $112,410 · other assets $1,235,364
-
7d · Net gain or loss
total $1,347,774
-
8c · Net income from fundraising events
total $0
Functional expenses
Part IX, the statement of functional expenses.
-
4 · Benefits paid to or for members
total $490,468,403 · program services $490,468,403
-
11b · Fees: legal
total $154,536 · management and general $154,536
-
11c · Fees: accounting
total $186,851 · management and general $186,851
-
11f · Fees: investment management
total $455,543 · management and general $455,543
-
13 · Office expenses
total $30,836 · management and general $30,836
-
14 · Information technology
total $1,543,830 · management and general $1,543,830
-
22 · Depreciation, depletion and amortization
total $83,079 · management and general $83,079
-
24a · Other expenses: Magellan/Navitus Admin Fee
total $7,301,017 · program services $7,301,017
-
24b · Other expenses: Granite Alliance Admin Fee
total $2,133,151 · program services $2,133,151
-
24c · Other expenses: UHC Insurance Co Fees
total $2,700,369 · program services $2,700,369
-
24e · All other expenses
total $2,501,890 · program services $2,375,940 · management and general $125,950
Balance sheet
Part X, book values.
-
2 · Savings and temporary cash investments
beginning of year $14,793,868 · end of year $11,555,954
-
4 · Accounts receivable
beginning of year $51,244,430 · end of year $51,036,923
-
10a · Land, buildings and equipment: cost or other basis
$249,238
-
10b · Land, buildings and equipment: accumulated depreciation
$172,769
-
10c · Land, buildings and equipment, net
beginning of year $159,548 · end of year $76,469
-
11 · Investments: publicly traded securities
beginning of year $282,875,938 · end of year $223,631,154
-
12 · Investments: other securities
beginning of year $72,402,637 · end of year $74,495,787
-
17 · Accounts payable and accrued expenses
beginning of year $5,482,795 · end of year $6,012,927
-
19 · Deferred revenue
beginning of year $60,754 · end of year $214,589
-
25 · Other liabilities
beginning of year $84,100,698 · end of year $83,668,799
-
31 · Retained earnings, endowment or other funds
beginning of year $331,832,174 · end of year $270,899,972
Mission and programs · 2022
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 om the form of premiums and pays benefits for eligible members.
As filed on the 2022 return.
Listed in Part VII
-
DmbaDMBA
Trustee
- Total calculated
- $31,851,858
- From this org
- $0
- From related orgs
- $31,851,858
- Other
- $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.
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
-
Deseret Mutual Benefit Administrators
-
Suburban Land Reserve Inc
-
AgReserves Inc
-
East Central Florida Services Inc
-
Taylor Creek Management Company
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 13 November 2023
- IRS schema version
- 2022v5.0
- Source object
- 202313179349310546
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