Wyoming Educators Benefit Trust: FY2021 Nonprofit Profile & Form 990 (EIN 74-2382896)

Revenue by fiscal year
FY2020	$116.9M
FY2021	$124.3M
FY2022	$129.0M
FY2023	$136.3M
FY2024	$139.2M
FY2025	$147.5M

Expenses by fiscal year
FY2020	$112.1M
FY2021	$119.5M
FY2022	$134.6M
FY2023	$148.3M
FY2024	$138.8M
FY2025	$147.3M

Net assets by fiscal year
FY2020	$43.0M
FY2021	$53.5M
FY2022	$38.8M
FY2023	$27.5M
FY2024	$29.3M
FY2025	$31.5M

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Mar 1989.

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

Who runs it and what they're paid

10 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII

Grady Hutcherson

President

$0Pt VII · Sec A

Kim Amen

Vice President

$0Pt VII · Sec A

John Fabela

Treasurer

$0Pt VII · Sec A

Dirk Andrews

Trustee

$0Pt VII · Sec A

Richard Luchsinger

Trustee

$0Pt VII · Sec A

Dr Paige Fenton Hughes

Trustee

$0Pt VII · Sec A

Cari Kragovich

Trustee

$0Pt VII · Sec A

Ed Goetz

Trustee

$0Pt VII · Sec A

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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

Offers health, dental, life, and disability insurance to Wyoming educators.

Questions for Wyoming Educators Benefit Trust

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1 program · in their own filed words · FY2020

01

Provide medical, dental, life & long-term disability coverage for wyoming educators

Pt IX · col B

By the numbers

The FY2021 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$124.3M

Ln 12

Fees for servicesLn 2g$122.9M

Investment incomeLn 3$1.4M

Money outPt IX

$119.5M

Ln 25

Owns and owesPt X

$53.5M

net assets · Ln 32

Cash and savingsLn 1–2$10.2M

Total assetsLn 16$76.3M

LiabilitiesLn 26$22.8M

PeoplePt VI, VII

10

listed · VII A

PaidVII A0

Voting boardVI 1a10

IndependentVI 1b9

2In more detail

Revenue in detailPt VIII

Fees for servicesLn 2g$122.9M

Investment incomeLn 3$1.4M

Gains on assetsLn 7$204K

Total revenueLn 12$124.3M

Assets in detailPt X, end of year

CashLn 1$10.2M

Cash and savings togetherLn 1–2$10.2M

InvestmentsLn 11–13$54.7M

Total assetsLn 16$76.3M

LiabilitiesLn 26$22.8M

Net assetsLn 32$53.5M

OperationsPt I, VI

EmployeesI 50

VolunteersI 69

Fiscal year endsHeaderJune

Conflict-of-interest policyVI 12aYes

Whistleblower policyVI 13Yes

Records policyVI 14No

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY21	End FY21
Cash and savingsLn 1–2	$11.2M	$10.2M
InvestmentsLn 11–13	$43.2M	$54.7M
Total assetsLn 16	$65.3M	$76.3M
LiabilitiesLn 26	$22.3M	$22.8M
Net assetsLn 32	$43.0M	$53.5M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Legal feesLn 11b	$3K
Accounting feesLn 11c	$16K
Lobbying feesLn 11d	$30K
Investment management feesLn 11f	$226K
Other fees for servicesLn 11g	$66K
Advertising and promotionLn 12	$790
Office expensesLn 13	$3K
TravelLn 17	$1K
InsuranceLn 23	$26K
Other expenses (24a–d)Ln 24	$119.3M
All other expensesLn 24e	−$209K
Total functional expensesLn 25	$119.5M

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 Latest	$147.5M	$147.3M	$226K	$31.5M	990 PDF
FY2024	$139.2M	$138.8M	$333K	$29.3M	990 PDF
FY2023	$136.3M	$148.3M	−$12.0M	$27.5M	990 PDF
FY2022	$129.0M	$134.6M	−$5.7M	$38.8M	990 PDF
FY2021 Viewing	$124.3M	$119.5M	$4.8M	$53.5M	990 PDF
FY2020	$116.9M	$112.1M	$4.8M	$43.0M	990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations

See the full FY2021 990 (6 parts)

Part I · Summary $124,307,906 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $0$0

I-9 Program service revenuePrior year $114,777,130$122,900,605

I-10 Investment incomePrior year $2,075,815$1,407,301

I-11 Other revenuePrior year $0$0

I-12 Total revenuePrior year $116,852,945$124,307,906

I-13 Grants and similar amounts paidPrior year $0$0

I-14 Benefits paid to membersPrior year $0$0

I-15 Salaries and benefitsPrior year $0$0

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $112,073,742$119,474,995

I-18 Total expensesPrior year $112,073,742$119,474,995

I-19 Revenue less expensesPrior year $4,779,203$4,832,911

Part VI · Governance 9 of 10 board members independent, 2 to look at

VI-1a Voting members of the governing body10

VI-1b Independent voting members9

VI-14 Document retention and destruction policyNo

VI-15a Process for setting top official's payNo

VI-2 Family or business relationship among officers or directorsNo

VI-12a Written conflict of interest policyYes

VI-13 Written whistleblower policyYes

Part VIII · Statement of revenue $124,307,906 across 4 lines filed

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $122,900,605$122,900,605

VIII-3 Investment incomeExcluded from tax $1,203,174$1,203,174

VIII-7 Net gain or loss on sales of assetsExcluded from tax $204,127$204,127

VIII-12 Total revenueRelated to mission $122,900,605 · Unrelated business $0 · Excluded from tax $1,407,301$124,307,906

Part IX · Statement of functional expenses $119,474,995 across 11 lines filed

IX-11b Legal fees$3,313

IX-11c Accounting fees$16,400

IX-11d Lobbying fees$30,000

IX-11f Investment management fees$225,796

IX-11g Other fees for services$66,230

IX-12 Advertising and promotion$790

IX-13 Office expenses$2,631

IX-17 Travel$1,354

IX-23 Insurance$25,918

IX-24 Other expenses (24a–d)$119,311,794

IX-24e All other expenses−$209,231

IX-25 Total functional expenses$119,474,995

Part X · Balance sheet $76,313,053 assets, 11 lines filed

X-1 Cash, non-interest-bearingStart of year $11,198,529$10,236,546

X-4 Accounts receivableStart of year $10,533,853$11,042,445

X-9 Prepaid expenses and deferred chargesStart of year $382,834$372,328

X-12 Other securitiesStart of year $43,226,256$54,661,734

X-16 Total assetsStart of year $65,341,472$76,313,053

X-17 Accounts payable and accrued expensesStart of year $18,693,126$18,260,473

X-19 Deferred revenueStart of year $3,603,901$4,520,698

X-26 Total liabilitiesStart of year $22,297,027$22,781,171

X-27 Net assets without donor restrictionsStart of year $43,044,445$53,531,882

X-32 Total net assets or fund balancesStart of year $43,044,445$53,531,882

X-33 Total liabilities and net assetsStart of year $65,341,472$76,313,053

Part XI · Reconciliation of net assets $53,531,882 net assets at year end

XI-1 Total revenue$124,307,906

XI-2 Total expenses$119,474,995

XI-3 Revenue less expenses$4,832,911

XI-4 Net assets at start of year$43,044,445

XI-5 Net unrealized gains (losses) on investments$5,654,526

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$53,531,882

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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Wyoming Educators Benefit Trust FY2021 filing

Before you give

Is it real?

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Questions for Wyoming Educators Benefit Trust

By the numbers

Filing history

Schedules filed Part IV