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← PENNSYLVANIA STATE EDUCATION ASSOCI ATION HEALTH AND WELFARE FUND

Form 990 for tax year 2022

Filed by PENNSYLVANIA STATE EDUCATION ASSOCI ATION HEALTH AND WELFARE FUND.

Totals

Total revenue
$15,977,751
Total expenses
$14,933,601
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$15,042,386
Investment income
$935,365
Other revenue
$0
Total assets, end of year
$37,951,346
Total liabilities, end of year
$3,077,885
Net assets or fund balances, end of year
$34,873,461
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: EMPLOYERS'CONTRIBUTION

    total $14,902,669 · related or exempt $14,902,669

  • 2b · Program service revenue: ADMINISTRATIVE REVENUE

    total $139,717 · related or exempt $139,717

  • 3 · Investment income

    total $935,365 · excluded $935,365

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $505,307

  • 8 · Pension plan contributions

    total $56,591

  • 9 · Other employee benefits

    total $187,626

  • 10 · Payroll taxes

    total $39,285

  • 11b · Fees: legal

    total $1,457

  • 11c · Fees: accounting

    total $27,103

  • 11f · Fees: investment management

    total $23,600

  • 12 · Advertising and promotion

    total $1,949

  • 13 · Office expenses

    total $1,900

  • 14 · Information technology

    total $9,522

  • 17 · Travel

    total $5,669

  • 22 · Depreciation, depletion and amortization

    total $391

  • 23 · Insurance

    total $30,517

  • 24a · Other expenses: CLAIMS INCURRED

    total $13,429,195

  • 24b · Other expenses: THIRD PARTY ADMINISTRAT

    total $578,943

  • 24c · Other expenses: BANK FEES

    total $18,638

  • 24d · Other expenses: POSTAGE AND SHIPPING

    total $15,908

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $10,272 · end of year $3,594

  • 2 · Savings and temporary cash investments

    beginning of year $4,750,739 · end of year $1,831,722

  • 4 · Accounts receivable

    beginning of year $682,341 · end of year $818,446

  • 9 · Prepaid expenses and deferred charges

    beginning of year $49,182 · end of year $30,057

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

    $6,542

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

    $4,977

  • 10c · Land, buildings and equipment, net

    beginning of year $1,956 · end of year $1,565

  • 11 · Investments: publicly traded securities

    beginning of year $30,721,729 · end of year $35,256,560

  • 15 · Other assets

    beginning of year $4,632 · end of year $9,402

  • 17 · Accounts payable and accrued expenses

    beginning of year $7,737 · end of year $8,435

  • 19 · Deferred revenue

    beginning of year $1,589,141 · end of year $1,548,242

  • 25 · Other liabilities

    beginning of year $1,431,951 · end of year $1,521,208

  • 27 · Net assets without donor restrictions

    beginning of year $33,192,022 · end of year $34,873,461

Mission and programs · 2022

Mission

THE PENNSYLVANIA STATE EDUCATION ASSOCIATION HEALTH & WELFARE FUND PROVIDES LIFE, TRAVEL, ACCIDENT AND DISABILITY INCOME BENEFITS ON A FULLY INSURED BASIS AND DENTAL AND VISION BENEFITS ON A SELF-FUNDED BASIS FOR THE TEACHING PROFESSION AND OTHER SCHOOL EMPLOYEES IN THE COMMONWEALTH OF PENNSYLVANIA.

  • THE SELF-FUNDED PROGRAM PROVIDES DENTAL AND VISION BENEFITS ON A SELF-FUNDED BASIS. BENEFITS ARE PROVIDED BY THE PLAN PURSUANT TO AGREEMENTS BETWEEN EMPLOYERS AND THE PLAN. PLAN EMPLOYERS PROVIDE PARTICIPANT BENEFITS PURSUANT TO COLLECTIVE BARGAINING AND OTHER AGREEMENTS. THE INSURED PROGRAM PROVIDES LIFE INSURANCE, TRAVEL, ACCIDENT AND DISABILITY INCOME BENEFITS ON AN INSURED BASIS. THE FLEXIBLE BENEFITS PROGRAM OFFERS HEALTH CARE AND DEPENDENT CARE REIMBURSEMENT ACCOUNTS TO ELIGIBLE PARTICIPANTS.

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

Listed in Part VII

  • Aaron F Chapin

    TRUSTEE

    Total calculated
    $166,993
    From this org
    $0
    From related orgs
    $99,990
    Other
    $67,003
    Hours/week
    1 + 55 related

    Schedule J breakdown matched by us

    Base
    $0 + $85,604 related
    Bonus
    $0
    Other
    $0 + $14,386 related
    Deferred
    $0 + $27,484 related
    Nontaxable benefits
    $0 + $39,519 related
    Filer's total
    $0 + $166,993 related

  • Jeffrey D Ney

    TRUSTEE

    Total calculated
    $157,428
    From this org
    $0
    From related orgs
    $97,529
    Other
    $59,899
    Hours/week
    1 + 55 related

    Schedule J breakdown matched by us

    Base
    $0 + $82,145 related
    Bonus
    $0
    Other
    $0 + $15,384 related
    Deferred
    $0 + $22,212 related
    Nontaxable benefits
    $0 + $37,687 related
    Filer's total
    $0 + $157,428 related

  • Melvin S Riddick

    TRUSTEE - CHAIRPERSON

    Total calculated
    $0
    Hours/week
    1

  • Arthur Aloise

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Jack Kelly

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Shawn Kerbein

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Wendy Sheeder

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

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

The filer's explanations (Part III)

PART I, LINE 3:
SEE FORM 990, SCHEDULE O DISCLOSURE FOR PART VI, SECTION B, LINE 15.

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.

Provenance

Return type
form_990
Tax year
2022
Filed
9 April 2024
IRS schema version
2022v5.0
Source object
202411009349301206

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