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← CALIFORNIA TEACHERS ASSOCIATION ECONOMIC BENEFITS TRUST

Form 990 for tax year 2022

Filed by CALIFORNIA TEACHERS ASSOCIATION ECONOMIC BENEFITS TRUST.

Totals

Total revenue
$12,905,200
Total expenses
$4,435,932
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$340,504
Investment income
$4,085,636
Other revenue
$8,479,060
Total assets, end of year
$172,415,262
Total liabilities, end of year
$329,191
Net assets or fund balances, end of year
$172,086,071
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
$4,435,932

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: PROGRAMS-RELATED CONTRIBUTIONS

    total $340,504 · excluded $340,504

  • 3 · Investment income

    total $4,072,897 · excluded $4,072,897

  • 7a · Gross sales of assets other than inventory

    securities $1,469,558

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

    securities $1,456,819

  • 7c · Gain or loss

    securities $12,739

  • 7d · Net gain or loss

    total $12,739 · excluded $12,739

  • 11a · Other revenue: INCREASE IN RETURN OF INSURANCE

    total $8,479,060 · excluded $8,479,060

  • 11e · Other revenue, total

    $8,479,060

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $2,548,825

  • 11b · Fees: legal

    total $48,693

  • 11c · Fees: accounting

    total $71,186

  • 24a · Other expenses: ADMINISTRATIVE FEES

    total $1,236,124

  • 24b · Other expenses: ADMINISTRATIVE EXPENSES

    total $320,032

  • 24c · Other expenses: CONSULTING FEES

    total $157,219

  • 24d · Other expenses: MEMBER PROJECTS & COMM

    total $53,853

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $74,145 · end of year $605,551

  • 4 · Accounts receivable

    beginning of year $82,607,232 · end of year $23,074,034

  • 9 · Prepaid expenses and deferred charges

    beginning of year $0 · end of year $297,415

  • 12 · Investments: other securities

    beginning of year $80,401,245 · end of year $148,438,262

  • 17 · Accounts payable and accrued expenses

    beginning of year $114,766 · end of year $60,535

  • 25 · Other liabilities

    beginning of year $359,495 · end of year $268,656

  • 29 · Capital stock, trust principal or current funds

    beginning of year $162,608,361 · end of year $172,086,071

  • 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 $0 · end of year $0

Mission and programs · 2022

Mission

PROVIDE PERMISSABLE BENEFITS VIA A VEBA TRUST TO CTA MEMBERS AND BENEFICIARIES.

Activities or mission (Part I)

SEE SCHEDULE O.

  • THE TRUST PROVIDES DEATH AND DISMEMBERMENT, AS WELL AS HEALTH AND WELFARE BENEFITS TO MEMBERS. THE TRUST ALSO PRODUCES AND DISSEMINATES INFORMATION TO MEMBERS ON VARIOUS CTA ENDORSED PROGRAMS.

    Expenses $4,435,932 · Revenue $12,905,200

As filed on the 2022 return.

Listed in Part VII

  • Ernest T Boyd

    TRUSTEE (TO 6/25/23)

    Total calculated
    $346,232
    From this org
    $0
    From related orgs
    $220,916
    Other
    $125,316
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $169,423 related
    Bonus
    $0
    Other
    $0 + $51,493 related
    Deferred
    $0 + $96,866 related
    Nontaxable benefits
    $0 + $28,450 related
    Filer's total
    $0 + $346,232 related

  • David B Goldberg

    TRUSTEE

    Total calculated
    $378,087
    From this org
    $0
    From related orgs
    $254,481
    Other
    $123,606
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $164,134 related
    Bonus
    $0
    Other
    $0 + $90,347 related
    Deferred
    $0 + $95,245 related
    Nontaxable benefits
    $0 + $28,361 related
    Filer's total
    $0 + $378,087 related

  • Leslie Littman

    TRUSTEE

    Total calculated
    $321,527
    From this org
    $0
    From related orgs
    $204,133
    Other
    $117,394
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $154,762 related
    Bonus
    $0
    Other
    $0 + $49,371 related
    Deferred
    $0 + $89,190 related
    Nontaxable benefits
    $0 + $28,204 related
    Filer's total
    $0 + $321,527 related

  • Erika Jones

    TRUSTEE (FROM 6/26/23)

    Total calculated
    $47,953
    From this org
    $0
    From related orgs
    $41,782
    Other
    $6,171
    Hours/week
    1 + 40 related

  • Walter J Boyd

    TRUSTEE

    Total calculated
    $520,902
    From this org
    $0
    From related orgs
    $296,217
    Other
    $224,685
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $264,683 related
    Bonus
    $0
    Other
    $0 + $31,534 related
    Deferred
    $0 + $193,350 related
    Nontaxable benefits
    $0 + $31,335 related
    Filer's total
    $0 + $520,902 related

  • Joe Nunez

    TRUSTEE (TO 7/31/19)

    Total calculated
    $253,794
    From this org
    $0
    From related orgs
    $253,794
    Other
    $0
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0
    Bonus
    $0
    Other
    $0 + $253,794 related
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $253,794 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

  • 4a · Severance or change-of-control payment

Answered no

  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement

The filer's explanations (Part III)

PART I, LINE 4A
THE FOLLOWING INDIVIDUALS RECEIVED SEVERANCE PAYMENTS: JOE NUNEZ $253,794

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
1 July 2024
IRS schema version
2022v5.0
Source object
202431839349300983

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