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← WASHINGTON EDUCATION ASSOCIATION RATE STABILIZATION RESERVE TRUST

Form 990 for tax year 2024

Filed by WASHINGTON EDUCATION ASSOCIATION RATE STABILIZATION RESERVE TRUST.

Totals

Total revenue
$23,433
Total expenses
$106,370
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$23,433
Other revenue
$0
Total assets, end of year
$1,186,701
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$1,186,701
Program services expenses (Part IX)
$0
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$106,370

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.

  • 3 · Investment income

    total $23,433 · unrelated business $23,433

Functional expenses

Part IX, the statement of functional expenses.

  • 24a · Other expenses: ADMINISTRATIVE FEES

    total $106,370

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $772,027 · end of year $665,694

  • 11 · Investments: publicly traded securities

    beginning of year $498,738 · end of year $521,004

  • 15 · Other assets

    beginning of year $3 · end of year $3

  • 27 · Net assets without donor restrictions

    beginning of year $1,270,768 · end of year $1,186,701

Mission and programs · 2024

Mission

TO MANAGE EXPERIENCE SURPLUSES IN ORDER TO STABILIZE INSURANCE RATES FOR THE BENEFIT OF MEMBERS OF THE PARTICIPATING PLANS.

  • TRANSFERS TO INSURERS FOR THE PURPOSE OF STABILIZING ANNUAL GROUP INSURANCE RATES, REIMBURSEMENT OF EXCESS PREMIUMS AND RELATED COSTS TO ADMINISTER AND MANAGE THE TRUST.

    Expenses $106,370

As filed on the 2024 return.

Listed in Part VII

  • Larry Delaney

    PRESIDENT-WE

    Total calculated
    $339,084
    From this org
    $198,546
    From related orgs
    $120,025
    Other
    $20,513
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $198,546 + $120,025 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    $13,434
    Nontaxable benefits
    $7,079
    Filer's total
    $219,059 + $120,025 related

  • Janie White

    VICE PRESIDE

    Total calculated
    $276,614
    From this org
    $179,240
    From related orgs
    $82,414
    Other
    $14,960
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $179,240 + $82,414 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    $12,156
    Nontaxable benefits
    $2,804
    Filer's total
    $194,200 + $82,414 related

  • Shawn Brehm

    TRUSTEE

    Total calculated
    $1,145
    From this org
    $1,145
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Filma Fontanilla

    TRUSTEE

    Total calculated
    $1,518
    From this org
    $1,518
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Daniel Harada

    TRUSTEE

    Total calculated
    $1,190
    From this org
    $1,190
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Pamella Johnson

    TRUSTEE

    Total calculated
    $724
    From this org
    $724
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Shawna Moore

    TRUSTEE

    Total calculated
    $845
    From this org
    $845
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Jeremy Shay

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • Audra Shaw

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • Michelle Meyer

    CFO - WEA

    Total calculated
    $0
    Hours/week
    37.5

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
3 August 2026
IRS schema version
2024v5.0
Source object
202602159349300590

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