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← AUXILIARIES MULTIPLE EMPLOYER VEBA

Form 990 for tax year 2024

Filed by AUXILIARIES MULTIPLE EMPLOYER VEBA.

Totals

Total revenue
$7,758,879
Total expenses
$923,036
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$1,951,670
Investment income
$5,807,209
Other revenue
$0
Total assets, end of year
$124,802,553
Total liabilities, end of year
$164,555
Net assets or fund balances, end of year
$124,637,998
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: EMPLOYER CONTRIBUTIONS

    total $1,951,670 · related or exempt $1,951,670

  • 3 · Investment income

    total $4,978,161 · unrelated business $4,978,161

  • 7a · Gross sales of assets other than inventory

    securities $13,736,056

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

    securities $12,907,008

  • 7c · Gain or loss

    securities $829,048

  • 7d · Net gain or loss

    total $829,048 · unrelated business $829,048

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $421,137

  • 11f · Fees: investment management

    total $169,935

  • 24a · Other expenses: ADMINISTRATION FEES

    total $331,964

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $17,530,214 · end of year $180,932

  • 3 · Pledges and grants receivable

    beginning of year $39,590 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $109,976,990 · end of year $124,621,621

  • 17 · Accounts payable and accrued expenses

    beginning of year $17,569,804 · end of year $164,555

  • 27 · Net assets without donor restrictions

    beginning of year $109,976,990 · end of year $124,637,998

Mission and programs · 2024

Mission

TO ASSIST PARTICIPATING CALIFORNIA STATE UNIVERSITY SYSTEM AUXILIARIES WITH THE ESTABLISHMENT AND MAINTENANCE OF THE TRUST FOR INVESTMENT OF FUNDS TO BE USED FOR THE PROVISION OF RETIREE HEALTH AND WELFARE BENEFITS TO PARTICIPATING EMPLOYEES.

Activities or mission (Part I)

PROVIDE A MECHANISM FOR CA STATE UNIVERSITY SYSTEM AUXILIARIES TO FUND THEIR RETIREE BENEFIT PLAN.

  • THE CSU AUXILIARIES MULTIPLE EMPLOYER VEBA TRUST ASSISTS PARTICIPATING CALIFORNIA STATE UNIVERSITY SYSTEM AUXILIARIES WITH THE ESTABLISHMENT AND MAINTENANCE OF THE TRUST FOR INVESTMENT OF FUNDS TO BE USED FOR THE PROVISION OF RETIREE HEALTH AND WELFARE BENEFITS TO PARTICIPATING EMPLOYEES. AT JUNE 30, 2025, 24 EMPLOYERS HAD ELECTED TO PARTICIPATE IN THE TRUST.

As filed on the 2024 return.

Listed in Part VII

  • Lionel Lawrence

    TRUSTEE

    Total calculated
    $157,078
    From this org
    $0
    From related orgs
    $129,461
    Other
    $27,617
    Hours/week
    0.1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $129,461 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $27,617 related
    Filer's total
    $0 + $157,078 related

  • Tariq Marji

    TRUSTEE

    Total calculated
    $216,505
    From this org
    $0
    From related orgs
    $192,600
    Other
    $23,905
    Hours/week
    0.1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $192,600 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $23,905 related
    Filer's total
    $0 + $216,505 related

  • Terri Stevens

    TRUSTEE

    Total calculated
    $181,852
    From this org
    $0
    From related orgs
    $164,899
    Other
    $16,953
    Hours/week
    0.1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $164,899 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $16,953 related
    Filer's total
    $0 + $181,852 related

  • Joseph Illuminate

    TRUSTEE

    Total calculated
    $165,031
    From this org
    $0
    From related orgs
    $134,303
    Other
    $30,728
    Hours/week
    0.1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $134,303 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $30,728 related
    Filer's total
    $0 + $165,031 related

  • Jim Westbrook

    TRUSTEE

    Total calculated
    $174,741
    From this org
    $0
    From related orgs
    $138,575
    Other
    $36,166
    Hours/week
    0.1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $138,575 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $36,166 related
    Filer's total
    $0 + $174,741 related

  • Cecilia Ortiz

    BOARD CHAIR (TO 03/2025)

    Total calculated
    $177,750
    From this org
    $0
    From related orgs
    $139,750
    Other
    $38,000
    Hours/week
    0.1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $139,750 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $38,000 related
    Filer's total
    $0 + $177,750 related

  • Dena Florez

    BOARD CHAIR (FROM 03/2025)

    Total calculated
    $125,767
    From this org
    $0
    From related orgs
    $119,891
    Other
    $5,876
    Hours/week
    0.1 + 40 related

  • Heather Zacker

    TRUSTEE

    Total calculated
    $206,333
    From this org
    $0
    From related orgs
    $148,291
    Other
    $58,042
    Hours/week
    0.1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $148,291 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $58,042 related
    Filer's total
    $0 + $206,333 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.

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
2024
Filed
13 January 2026
IRS schema version
2024v5.5
Source object
202610139349302731

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