Enlighten Veba Hra Trust

Not tax-deductible

Eugene, ORMutual-benefit / member-servingMutual/MembershipEIN 47-4551938Revenue $1.1M in FY2024

On file with the IRS3364 Amherst Way, 97408-9297 · Eugene, ORTax-exempt since Apr 2017

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A voluntary employees' beneficiary association (VEBA) to fund reimbursement of eligible medical expenses under a health reimbursement arrangement

91¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $823K a year · 27% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
91%
of spending
Looks good: 91% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
1
of 1 voting members
Looks good: 1 of 1 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.1M
-73% vs prior year
Spent
$852K
To programs
91%
Net assets
$6.3M
By yearFY2020–FY2024
Revenue
$1.1M
FY2024▼ -73%
Tap a bar for its year
Revenue by fiscal year
FY2020$2.5M
FY2021$3.8M
FY2022$3.6M
FY2023$4.2M
FY2024$1.1M
Expenses
$852K
FY2024▼ -71%
Tap a bar for its year
Expenses by fiscal year
FY2020$2.2M
FY2021$2.4M
FY2022$2.7M
FY2023$2.9M
FY2024$852K
Net assets
$6.3M
FY2024▼ -44%
Tap a bar for its year
Net assets by fiscal year
FY2020$14.7M
FY2021$17.0M
FY2022$16.2M
FY2023$11.4M
FY2024$6.3M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

Form 990 (PDF) Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Apr 2017.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

91 cents of each dollar spent went to programs.

Program services 91% · $776K Management & general 9% · $76K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

1 person listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
See Enlighten Veba Hra Trust executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Reimburses eligible medical expenses through a health reimbursement arrangement.

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Provided by the organization

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1 program · $776K · in their own filed words · FY2024
01

A Health Reimbursement Arrangement funded by 6 individual municipalities that have formed one multiple employer trust benefiting 758 participants throughout plan year 2024.

$776Kprogram expense

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$1.1M
Ln 12
Fees for servicesLn 2g$980K
Investment incomeLn 3$137K
Money outPt IX
$852K
Ln 25
Programscol B$776K
Managementcol C$76K
Owns and owesPt X
$6.3M
net assets · Ln 32
Total assetsLn 16$6.3M
LiabilitiesLn 26$0
PeoplePt VI, VII
1
listed · VII A
PaidVII A0
Voting boardVI 1a1
IndependentVI 1b1
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$980K
Investment incomeLn 3$137K
Gains on assetsLn 7−$3K
Total revenueLn 12$1.1M
Assets in detailPt X, end of year
CashLn 1$0
SavingsLn 2$0
InvestmentsLn 11–13$6.2M
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$0
Total assetsLn 16$6.3M
LiabilitiesLn 26$0
Net assetsLn 32$6.3M
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$0$0
InvestmentsLn 11–13$11.3M$6.2M
Land, buildings, equipmentLn 10c$0$0
Total assetsLn 16$11.4M$6.3M
LiabilitiesLn 26$0$0
Net assetsLn 32$11.4M$6.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$776K$776K
Pay of current officers, directors and key staffLn 5$0
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$0
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$0
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$0
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$39K$39K
Other fees for servicesLn 11g$37K$37K
Advertising and promotionLn 12$0
Office expensesLn 13$0
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$0
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$0
InsuranceLn 23$0
Total functional expensesLn 25$852K$776K$76K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $1.1M$852K$265K$6.3M 990 PDF
FY2023 $4.2M$2.9M$1.3M$11.4M 990 PDF
FY2022 $3.6M$2.7M$941K$16.2M 990 PDF
FY2021 $3.8M$2.4M$1.4M$17.0M 990 PDF
FY2020 $2.5M$2.2M$217K$14.7M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (6 parts)
Part I · Summary $1,117,646 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $3,568,919$980,439
I-10 Investment incomePrior year $640,111$137,207
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $4,209,030$1,117,646
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $2,704,252$776,235
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $206,376$76,063
I-18 Total expensesPrior year $2,910,628$852,298
I-19 Revenue less expensesPrior year $1,298,402$265,348
Part VI · Governance 1 of 1 board members independent, 3 to look at
VI-1a Voting members of the governing body1
VI-1b Independent voting members1
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $1,117,646 across 8 lines filed
VIII-1h Total contributions, gifts and grants$0
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $980,439$980,439
VIII-3 Investment incomeExcluded from tax $140,548$140,548
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$3,340−$3,341
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $980,439 · Excluded from tax $137,208$1,117,646
Part IX · Statement of functional expenses $852,298 across 29 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for membersPrograms $776,235$776,235
IX-5 Pay of current officers, directors and key staff$0
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wages$0
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxes$0
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting fees$0
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management feesManagement $38,985$38,985
IX-11g Other fees for servicesManagement $37,078$37,078
IX-12 Advertising and promotion$0
IX-13 Office expenses$0
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 Occupancy$0
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$0
IX-23 Insurance$0
IX-25 Total functional expensesPrograms $776,235 · Management $76,063$852,298
Part X · Balance sheet $6,334,285 assets, 22 lines filed
X-1 Cash, non-interest-bearingStart of year $0$0
X-2 Savings and temporary cash investmentsStart of year $0$0
X-3 Pledges and grants receivableStart of year $0$0
X-4 Accounts receivableStart of year $46,644$135,187
X-8 Inventories for sale or useStart of year $0$0
X-9 Prepaid expenses and deferred chargesStart of year $0$0
X-10c Land, buildings and equipment, netStart of year $0$0
X-11 Publicly traded securitiesStart of year $11,323,843$6,199,098
X-12 Other securitiesStart of year $0$0
X-13 Program-related investmentsStart of year $0$0
X-14 Intangible assetsStart of year $0$0
X-15 Other assetsStart of year $0$0
X-16 Total assetsStart of year $11,370,487$6,334,285
X-17 Accounts payable and accrued expensesStart of year $0$0
X-18 Grants payableStart of year $0$0
X-19 Deferred revenueStart of year $0$0
X-20 Tax-exempt bond liabilitiesStart of year $0$0
X-24 Unsecured notes and loans payableStart of year $0$0
X-25 Other liabilitiesStart of year $0$0
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $11,370,487$6,334,285
X-33 Total liabilities and net assetsStart of year $11,370,487$6,334,285
Part XI · Reconciliation of net assets $6,334,285 net assets at year end
XI-1 Total revenue$1,117,646
XI-2 Total expenses$852,298
XI-3 Revenue less expenses$265,348
XI-4 Net assets at start of year$11,370,487
XI-5 Net unrealized gains (losses) on investments$274,616
XI-9 Other changes in net assets−$5,576,166
XI-10 Net assets at end of year$6,334,285

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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