Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: EMPLOYER CONTRIBUTIONS

  total $280,015,103 · related or exempt $280,015,103

• 2b · Program service revenue: PARTICIPANT CONTRIBUTIONS

  total $24,431,468 · related or exempt $24,431,468

• 3 · Investment income

  total $20,926,798 · unrelated business $990 · excluded $20,925,808

• 7a · Gross sales of assets other than inventory

  securities $227,971,435

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

  securities $200,153,569

• 7c · Gain or loss

  securities $27,817,866

• 7d · Net gain or loss

  total $27,817,866 · excluded $27,817,866

• 11a · Other revenue: OTHER INCOME

  total $746 · related or exempt $746

• 11e · Other revenue, total

  $746

Functional expenses

Part IX, the statement of functional expenses.

• 4 · Benefits paid to or for members

  total $310,513,011

• 11b · Fees: legal

  total $272,597

• 11c · Fees: accounting

  total $143,000

• 11f · Fees: investment management

  total $948,097

• 11g · Fees: other

  total $650,828

• 13 · Office expenses

  total $409,731

• 14 · Information technology

  total $372,470

• 16 · Occupancy

  total $391,811

• 19 · Conferences, conventions and meetings

  total $22,152

• 22 · Depreciation, depletion and amortization

  total $207,363

• 23 · Insurance

  total $177,932

• 24a · Other expenses: ADMINISTRATIVE FEES

  total $11,186,834

• 24b · Other expenses: REIMB. P/R, TAXES & BEN

  total $4,351,371

• 24c · Other expenses: AUTO

  total $45,100

• 24d · Other expenses: REPAIRS & MAINTENANCE

  total $23,385

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $700

• 2 · Savings and temporary cash investments

  beginning of year $61,173,215 · end of year $59,163,553

• 4 · Accounts receivable

  beginning of year $35,336,158 · end of year $33,724,256

• 9 · Prepaid expenses and deferred charges

  beginning of year $4,341,645 · end of year $87,947

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

  $7,875,015

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

  $7,277,644

• 10c · Land, buildings and equipment, net

  beginning of year $591,413 · end of year $597,371

• 11 · Investments: publicly traded securities

  beginning of year $322,828,780 · end of year $306,388,236

• 12 · Investments: other securities

  beginning of year $458,415,319 · end of year $513,226,856

• 15 · Other assets

  beginning of year $12,369,697 · end of year $9,719,964

• 17 · Accounts payable and accrued expenses

  beginning of year $3,515,036 · end of year $2,137,450

• 25 · Other liabilities

  beginning of year $40,679,902 · end of year $42,619,616

• 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 $850,861,989 · end of year $878,151,117

The filer's explanations (Part III)

PART I, LINE 4B

THE EXECUTIVE DIRECTOR RETIRED EFFECTIVE 6/30/2022 AND PARTICIPATES IN A DEFERRED COMPENSATION PLAN, PROVIDED BY A RELATED ORGANIZATION, IN HIS CAPACITY AS EXECUTIVE DIRECTOR OF THIS ENTITY AND RELATED ORGANIZATIONS.

Related corporations and trusts

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

• SEE SCHEDULE R SUPPLEMENTAL INFORMATION