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Ipa Crewmember Veba Trust FY2020 filing

Not tax-deductible

Louisville, KYMutual-benefit / member-servingSince 2017Mutual/MembershipEIN 82-5262677Revenue $4.7M in FY2020

On file with the IRS3607 Fern Valley Rd, 40219-1916 · Louisville, KYTax-exempt since Feb 2020

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To fund reimbursement of medical expenses under a health reimbursement arrangement.

Mission: Form 990 Part I, line 1

Before you give

FY2020 · 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 $6.2M a year · 86% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Cash reserves
8 mo
of spending, in cash
Looks good: 7.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$4.7M
Spent
$812K
Net assets
$12.6M
By yearFY2020–FY2024
Revenue
$4.7M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$4.7M
FY2021$6.1M
FY2022$6.7M
FY2023$9.7M
FY2024$8.5M
Expenses
$812K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$812K
FY2021$1.4M
FY2022$955K
FY2023$775K
FY2024$966K
Net assets
$12.6M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$12.6M
FY2021$17.9M
FY2022$18.9M
FY2023$29.9M
FY2024$40.3M

From the FY2020 Form 990 · figures checked against the IRS filing · see the original

990 PDF Claim
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Feb 2020.

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

Who runs it and what they're paid

3 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Herb Hurst
Trustee
$0Pt VII · Sec A
$0Pt VII · Sec A
See Ipa Crewmember Veba 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 medical expenses through health reimbursement arrangements.

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Provided by the organization

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1 program · in their own filed words · FY2020
01

Health reimbursement arrangement by organization had approximately 231 participants who received medical care in the amount of $674,303.

Pt IX · col B

By the numbers

The FY2020 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$4.7M
Ln 12
Fees for servicesLn 2g$4.1M
Investment incomeLn 3$593K
Money outPt IX
$812K
Ln 25
Owns and owesPt X
$12.6M
net assets · Ln 32
Cash and savingsLn 1–2$537K
Total assetsLn 16$12.6M
LiabilitiesLn 26$0
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$4.1M
Investment incomeLn 3$593K
Total revenueLn 12$4.7M
Assets in detailPt X, end of year
CashLn 1$520K
SavingsLn 2$17K
Cash and savings togetherLn 1–2$537K
InvestmentsLn 11–13$12.1M
Total assetsLn 16$12.6M
LiabilitiesLn 26$0
Net assetsLn 32$12.6M
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 FY20End FY20
Cash and savingsLn 1–2$14K$537K
InvestmentsLn 11–13$7.5M$12.1M
Total assetsLn 16$7.5M$12.6M
LiabilitiesLn 26$0$0
Net assetsLn 32$7.5M$12.6M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Benefits paid to or for membersLn 4$674K
Accounting feesLn 11c$104K
Investment management feesLn 11f$34K
Total functional expensesLn 25$812K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $8.5M$966K$7.5M$40.3M 990 PDF
FY2023 $9.7M$775K$8.9M$29.9M 990 PDF
FY2022 $6.7M$955K$5.8M$18.9M 990 PDF
FY2021 $6.1M$1.4M$4.7M$17.9M 990 PDF
FY2020 Viewing $4.7M$812K$3.9M$12.6M 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 FY2020 990 (6 parts)
Part I · Summary $4,735,616 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $3,109,843$4,142,710
I-10 Investment incomePrior year $367,944$592,906
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $3,477,787$4,735,616
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $37,736$674,303
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $112,897$137,865
I-18 Total expensesPrior year $150,633$812,168
I-19 Revenue less expensesPrior year $3,327,154$3,923,448
Part VI · Governance 3 of 3 board members independent, 3 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members3
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 $4,735,616 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $4,142,710$4,142,710
VIII-3 Investment incomeExcluded from tax $592,906$592,906
VIII-12 Total revenueRelated to mission $4,142,710 · Unrelated business $0 · Excluded from tax $592,906$4,735,616
Part IX · Statement of functional expenses $812,168 across 3 lines filed
IX-4 Benefits paid to or for members$674,303
IX-11c Accounting fees$104,362
IX-11f Investment management fees$33,503
IX-25 Total functional expenses$812,168
Part X · Balance sheet $12,616,939 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $631$520,203
X-2 Savings and temporary cash investmentsStart of year $13,731$16,907
X-11 Publicly traded securitiesStart of year $7,515,589$12,079,829
X-16 Total assetsStart of year $7,529,951$12,616,939
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $7,529,951$12,616,939
X-33 Total liabilities and net assetsStart of year $7,529,951$12,616,939
Part XI · Reconciliation of net assets $12,616,939 net assets at year end
XI-1 Total revenue$4,735,616
XI-2 Total expenses$812,168
XI-3 Revenue less expenses$3,923,448
XI-4 Net assets at start of year$7,529,951
XI-5 Net unrealized gains (losses) on investments$1,163,540
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$12,616,939

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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