Ascension Health Welfare Benefits Trust in Saint Louis, Missouri (MO)

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Ascension Health Welfare Benefits Trust
Employer Identification Number (EIN)431601369
Name of OrganizationAscension Health Welfare Benefits Trust
In Care of NameDaughters Of Charity
AddressPO BOX 46944, Saint Louis, MO 63146-6944
ActivitiesSick, accident, death, or similar benefits
SubsectionVoluntary Employees' Beneficiary Association (Non-Govt. Emps.)
Ruling Date01/2001
DeductibilityContributions are not deductible
FoundationAll organizations except 501(c)(3)
OrganizationTrust
Exempt Organization StatusUnconditional Exemption
Tax Period12/2011
Assets$50,000,000 to greater
Income$50,000,000 to greater
Filing Requirement990 (all other) or 990EZ return
Asset Amount$159,199,368
Amount of Income$720,641,371
Form 990 Revenue Amount$187,638,031
National Taxonomy of Exempt Entities (NTEE)Mutual/Membership Benefit Organizations, Other: Voluntary Employees Beneficiary Associations (Non-Government)


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Amount of income in 2011: $720,641,371
Ascension Health Welfare Benefits Trust: 

 $720,641,371
Other organizations performing similar types of work: 

 $1,219,938

Assets in 2011: $159,199,368
This organization: 

 $159,199,368
Other organizations performing similar types of work: 

 $1,065,714

Expenses in 2007: $140,702,329
This organization: 

 $140,702,329
Other organizations performing similar types of work: 

 $6,390,130

Income to expenses ratio in 2007: 1.1
Ascension Health Welfare Benefits Trust: 

 1.1
Other organizations performing similar types of work: 

 1.2

Financial snapshot ($)

Revenue for 2007

Assets at end of 2007

Income-Producing Activities for 2007

Revenue, Expenses, and Changes in Net Assets or Fund Balances
2000200120022004200520062007
Total revenue$27,898,237$41,606,116$47,834,016$78,392,141$110,323,818$132,987,782$150,404,214
Contributions, gifts, grants, and similar amounts received$0$0$0$0$0$0$0
Contributions to donor advised funds$0$0
Direct public support$0$0$0$0$0$0$0
Indirect public support$0$0$0$0$0$0$0
Government contributions (grants)$0$0$0$0$0$0$0
Program service revenue including government fees and contracts$25,970,476$39,852,114$46,228,569$77,199,637$108,616,298$130,365,210$143,047,727
Membership dues and assessments$0$0$0$0$0$0$0
Interest on savings and temporary cash investments$1,350,374$1,245,208$861,330$855,438$1,473,433$2,126,458$212,819
Dividends and interest from securities$91,368$70,322$68,202$129,023$201,159$350,593$2,854,677
Net rental income or (loss)$0$0$0$0$0$0$0
Gross rents$0$0$0$0$0$0$0
Less: rental expenses$0$0$0$0$0$0$0
Other investment income$116,439$0$0$0$0$0$0
Gain or (loss) from sales of assets other than inventory$255,496$415,555$669,279$203,880$17,325$-51,316$3,910,135
Gross amount from sales of assets other than inventory$36,372,434$58,821,408$116,455,184$87,483,278$48,628,174$168,146,120$297,834,241
Less: cost or other basis and sales expenses$36,116,938$58,405,853$115,785,905$87,279,398$48,610,849$168,197,436$293,924,106
Net income or (loss) from special events and activities$0$0$0$0$0$0$0
Gross revenue$0$0$0$0$0$0$0
Less: direct expenses other than fundraising expenses$0$0$0$0$0$0$0
Gross profit or (loss) from sales of inventory$0$0$0$0$0$0$0
Gross sales of inventory, less returns and allowances$0$0$0$0$0$0$0
Less: cost of goods sold$0$0$0$0$0$0$0
Other revenue$114,084$22,917$6,636$4,163$15,603$196,837$378,856
Total expenses$31,586,737$40,477,131$48,216,315$75,058,629$111,869,904$130,193,067$140,702,329
Program services$0$0$0$0$0$0$0
Management and general$0$0$0$0$0$0$0
Fundraising$0$0$0$0$0$0$0
Payments to affiliates$0$0$0$0$0$0$0
Net assets or fund balances at end of year$1,356,933$1,820,179$797,187$9,254,830$7,601,488$12,876,938$19,893,072
Excess or (deficit) for the year$-3,688,500$1,128,985$-382,299$3,333,512$-1,546,086$2,794,715$9,701,885
Net assets or fund balances at beginning of year$5,045,433$1,356,933$1,820,179$5,369,018$9,254,830$7,601,488$12,876,938
Other changes in net assets or fund balances$0$-665,739$-640,693$552,300$-107,256$2,480,735$-2,685,751
Statement of Functional Expenses (for 2007)
TotalProgram servicesManagement and generalFundraising
Total functional expenses$140,702,329$0$0$0
Grants paid from donor advised funds$0
Other grants and allocations$0
Specific assistance to individuals$0
Benefits paid to or for members$132,990,979
Compensation of current officers, directors, key employees, etc.$28,382$0$0$0
Compensation of former officers, directors, key employees, etc.$0$0$0$0
Compensation and other distributions, not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0$0$0
Salaries and wages of employees not included above$0$0$0$0
Pension plan contributions not included above$0$0$0$0
Employee benefits not included above$0$0$0$0
Payroll taxes$0$0$0$0
Professional fundraising fees$0$0$0$0
Accounting fees$0$0$0$0
Legal fees$69,705$0$0$0
Supplies$0$0$0$0
Telephone$0$0$0$0
Postage and shipping$82$0$0$0
Occupancy$60,832$0$0$0
Equipment rental and maintenance$0$0$0$0
Printing and publications$63,925$0$0$0
Travel$0$0$0$0
Conferences, conventions, and meetings$12,196$0$0$0
Interest$0$0$0$0
Depreciation, depletion, etc.$0$0$0$0
Other expenses not covered above$7,476,228$0$0$0
Balance Sheets
2000200120022004200520062007
Total assets$32,348,635$39,580,846$46,999,778$49,661,191$63,226,638$90,094,080$108,125,471
Cash - non-interest-bearing$0$973,000$989,000$1,192,045$1,166,045$1,266,045$1,266,045
Savings and temporary cash investments$2,872,968$7,682,433$10,626,591$9,300,580$2,869,229$3,251,699$17,251,825
Accounts receivable less allowance for doubtful accounts$3,019,204$5,327,090$8,905,894$9,396,517$14,320,533$17,772,831$17,877,289
Pledges receivable less allowance for doubtful accounts$0$0$0$0$0$0$0
Grants receivable$0$0$0$0$0$0$0
Receivables from current and former officers, directors, trustees, and key employees$0$0$0$0$0$0$0
Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0
Other notes and loans receivable less allowance for doubtful accounts$0$0$0$0$0$0$0
Inventories for sale or use$0$0$0$0$0$0$0
Prepaid expenses and deferred charges$0$184,800$105,380$141,802$203,417$106,672$776,655
Investments - publicly-traded securities$67,696,833$59,764,491
Investments - other securities$23,326,770$25,413,523$26,372,913$29,630,247$44,667,414$0$0
Investments - land, buildings, and equipment less accumulated depreciation$0$0$0$0$0$0$0
Investments - other$1,652,490$0$0$0$0$0$11,189,166
Land, buildings, and equipment less accumulated depreciation$0$0$0$0$0$0$0
Other assets, including program-related investments$1,477,203$0$0$0$0$0$0
Total liabilities$30,991,702$37,760,667$46,202,591$40,406,361$55,625,150$77,217,142$88,232,399
Accounts payable and accrued expenses$30,991,702$6,333,162$11,981,767$302,542$679,689$6,845,210$5,996,909
Grants payable$0$0$0$0$0$0$0
Deferred revenue$0$0$0$63,168$31,760$19,849$3,220,510
Loans from officers, directors, trustees, and key employees$0$0$0$0$0$0$0
Tax-exempt bond liabilities$0$0$0$0$0$0$0
Mortgages and other notes payable$0$0$0$0$0$0$0
Other liabilities$0$31,427,505$34,220,824$40,040,651$54,913,701$70,352,083$79,014,980
Total liabilities and net assets/fund balances$32,348,635$39,580,846$46,999,778$49,661,191$63,226,638$90,094,080$108,125,471
Total net assets or fund balances$1,356,933$1,820,179$797,187$9,254,830$7,601,488$12,876,938$19,893,072
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
2000200120022004200520062007
Total revenue$0$0$0$0$0$132,987,782$150,404,214
Total revenue, gains, and other support per audited financial statements$0$0$0$0$0$135,375,548$147,581,569
Other expenses$0$0$0$0$0$2,480,735$-2,685,749
Net unrealized gains on investments$0$0$0$0$0$2,480,735$-2,685,749
Donated services and use of facilities$0$0$0$0$0$0$0
Recoveries of prior year grants$0$0$0$0$0$0$0
Other$0$0$0$0$0$0$0
Other revenue$0$0$0$0$0$92,969$136,896
Investment expenses$0$0$0$0$0$92,969$136,896
Other$0$0$0$0$0$0$0
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
2000200120022004200520062007
Total expenses$0$0$0$0$0$130,193,067$140,702,329
Total expenses and losses per audited financial statements$0$0$0$0$0$130,100,098$140,593,815
Other revenue$0$0$0$0$0$0$0
Donated services and use of facilities$0$0$0$0$0$0$0
Prior year adjustments$0$0$0$0$0$0$0
Losses$0$0$0$0$0$0$0
Other$0$0$0$0$0$0$0
Other expenses$0$0$0$0$0$92,969$108,514
Investment expenses$0$0$0$0$0$92,969$108,514
Other$0$0$0$0$0$0$0
Current Officers, Directors, Trustees, and Key Employees
Average hours per week devoted to positionCompensationContributions to employee benefit plans & deferred compensation plansExpense account and other allowances
77$28,382$0$0
Total number of officers, directors, and trustees permitted to vote on organization business at board meetings1
Are any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, related to each other through family or business relationships?No
Do any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, receive compensation from any other organizations, whether tax exempt or taxable, that are related to the organization?No
Does the organization have a written conflict of interest policy?Yes
Other Information
Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return, and has it filed a tax return on Form 990-T for this year?No
Was there a liquidation, dissolution, termination, or substantial contraction during the year?No
Is the organization related (other than by association with a statewide or nationwide organization) through common membership, governing bodies, trustees, officers, etc., to any other exempt or nonexempt organization?No
Direct and indirect political expenditures$0
Did the organization file Form 1120-POL for this year?No
Were substantially all dues nondeductible by members?
Did the organization make only in-house lobbying expenditures of $2,000 or less?
Dues, assessments, and similar amounts from members$0
Section 162(e) lobbying and political expenditures$0
Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices$0
Taxable amount of lobbying and political expenditures$0
Does the organization elect to pay the section 6033(e) tax on the amount above?
If section 6033(e)(1)(A) dues notices were sent, does the organization agree to add the amount above to its reasonable estimate of dues allocable to nondeductible lobbying and political expenditures for the following tax year?
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
At any time during the year, did the organization, directly or indirectly, own a controlled entity within the meaning of section 512(b)(13)?No
Amount of tax imposed on the organization during the year under: section 4911$0
Amount of tax imposed on the organization during the year under: section 4912$0
Amount of tax imposed on the organization during the year under: section 4955$0
Did the organization engage in any section 4958 excess benefit transaction during the year or did it become aware of an excess benefit transaction from a prior year?
Amount of tax imposed on the organization managers or disqualified persons during the year under sections 4912, 4955, and 4958$0
Amount of tax above, reimbursed by the organization$0
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?No
Did the organization acquire a direct or indirect interest in any applicable insurance contract?No
Did the supporting organization, or a fund maintained by a sponsoring organization, have excess business holdings at any time during the year?No
Number of employees employed in the pay period that includes March 12, 20060
Analysis of Income-Producing Activities (for 2007)
Unrelated business incomeExcluded by section 512, 513, or 514Related or exempt function income
Business codeAmountExclusion codeAmount
Total$0$7,356,487$143,047,727
Program service revenue
Program service revenue 1000000$000$0$95,912,311
Program service revenue 2000000$000$0$47,135,416
Program service revenue 3000000$000$0$0
Program service revenue 4000000$000$0$0
Program service revenue 5000000$000$0$0
Medicare/Medicaid payments000000$000$0$0
Fees and contracts from government agencies000000$000$0$0
Membership dues and assessments000000$000$0$0
Interest on savings and temporary cash investments000000$0Section 501(c)(9), or (17) organization - Non-exempt function income set aside for the payment of life, sick, accident, or other benefits (section 512(a)(3)(B)(ii))$212,819$0
Dividends and interest from securities000000$0Section 501(c)(9), or (17) organization - Non-exempt function income set aside for the payment of life, sick, accident, or other benefits (section 512(a)(3)(B)(ii))$2,854,677$0
Net rental income or (loss) from real estate
debt-financed property000000$000$0$0
not debt-financed property000000$000$0$0
Net rental income or (loss) from personal property000000$000$0$0
Other investment income000000$000$0$0
Gain or (loss) from sales of assets other than inventory000000$0Section 501(c)(9), or (17) organization - Non-exempt function income set aside for the payment of life, sick, accident, or other benefits (section 512(a)(3)(B)(ii))$3,910,135$0
Net income or (loss) from special events000000$000$0$0
Gross profit or (loss) from sales of inventory000000$000$0$0
Other revenue000000$0Section 501(c)(9), or (17) organization - Non-exempt function income set aside for the payment of life, sick, accident, or other benefits (section 512(a)(3)(B)(ii))$378,856$0
Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2007)
EIN of corporation, partnership, or disregarded entityPercentage of ownership interestTotal incomeEnd-of-year assets
0000000000%$0$0
0000000000%$0$0
0000000000%$0$0
0000000000%$0$0
Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (for 2007)
CompensationContributions to employee benefit plans & deferred compensationExpense account and other allowances
$0$0$0
$0$0$0
$0$0$0
$0$0$0
$0$0$0
Total number of other employees paid over $50,0000
Statements About Activities (for 2007)
Expenses paid or incurred in connection with the lobbying activities$0
Did the organization receive or hold an easement for conservation purposes, including easements to preserve open space, the environment, historic land areas or historic structures?
Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services?
Did the organization maintain any donor advised funds?
Did the organization make any taxable distributions under section 4966?
Did the organization make a distribution to a donor, donor advisor, or related person?
Enter the total number of donor advised funds owned at the end of the tax year$0
Enter the aggregate value of assets held in all donor advised funds owned at the end of the tax year$0
Enter the total number of separate funds or accounts owned at the end of the tax year (excluding donor advised funds included above) where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts$0
Enter the aggregate value of assets held in all funds or accounts included above at the end of the tax year$0
Reason for Non-Private Foundation Status
The organization is not a private foundation because it is
Support Schedule
1999200020012003200420052006
Total$0$0$0$0$0$0$0
Gifts, grants, and contributions received$0$0$0$0$0$0$0
Membership fees received$0$0$0$0$0$0$0
Gross receipts from admissions, merchandise sold or services performed, or furnishing of facilities in any activity that is related to the organization's charitable, etc., purpose$0$0$0$0$0$0$0
Gross income from interest, dividends, amounts received from payments on securities loans (section 512(a)(5)), rents, royalties, and unrelated business taxable income (less section 511 taxes) from businesses acquired by the organization after June 30, 1975$0$0$0$0$0$0$0
Net income from unrelated business activities not included above$0$0$0$0$0$0$0
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf$0$0$0$0$0$0$0
The value of services or facilities furnished to the organization by a governmental unit without charge. Do not include the value of services or facilities generally furnished to the public without charge$0$0$0$0$0$0$0
Other income$0$0$0$0$0$0$0
Lobbying Expenditures by Electing Public Charities (for 2007)
Total exempt purpose expenditures$0
Total lobbying expenditures$0
Total lobbying expenditures to influence public opinion (grassroots lobbying)$0
Total lobbying expenditures to influence a legislative body (direct lobbying)$0
Other exempt purpose expenditures$0
Lobbying nontaxable amount$0
Grassroots nontaxable amount$0
Statements Regarding Other IRS Filings and Tax Compliance (for 2011)
Did the organization have unrelated business gross income of $1,000 or more during the year?No
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities $0
Gross income from members or shareholders$0
Gross income from other sources$0
Statement of Revenue (for 2011)
Total revenue$187,638,031
Contributions, Gifts, Grants and Other Similar Amounts$0
Program Service Revenue$185,492,971
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$-170,390
Income from investment of tax-exempt bond proceeds$0
Royalties$0
Net rental income$0
Net gain from sales of assets other than inventory$2,770,537
Gross amount from sales of assets other than inventory (Securities / Other)$535,773,877 / $0
Less: cost or other basis and sales expenses (Securities / Other)$533,003,340 / $0
Gain or (loss) (Securities / Other)$2,770,537 / $0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous Revenue$-455,087
Statement of Functional Expenses (for 2011)
Total functional expenses$179,831,619
Compensation of current officers, directors, trustees, and key employees$99,937
Other salaries and wages$0
Payroll taxes$0
Professional fundraising services$0
Other$179,731,682
Balance Sheet (for 2011)
Total assets$159,199,368
Total liabilities$123,301,592
Tax-exempt bond liabilities$0
Secured mortgages and notes payable to unrelated third parties$0
Unsecured notes and loans payable to unrelated third parties$0
Other$123,301,592
Total net assets or fund balances$35,897,776
Retained earnings, endowment, accumulated income, or other funds$35,897,776
Reason for Public Charity Status (for 2011)
The organization is not a private foundation because it is:Not provided
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Bankamerica Group Benefits Program TrPO BOX 831041, Dallas, TX 75283-1041TX1999-09$2,749,641,848
2General Motors Health Care Trust For Salaried RetireesPO BOX 711034, Columbus, OH 43271-0001OH2005-01$2,357,872,443
3General Motors Welfare Benefit Tr300 Renaissance Center, Detroit, MI 48265-0001MI1998-05$1,897,212,317
41199 National Benefit Fund For Hospital & Human Service EmployeesPO BOX 842, New York, NY 10108-0842NY2002-04$1,358,347,924
5The Mittal Steel Usa Inc Veba Master Trust1 South Dearborn Mc 6-019, Chicago, IL 60603IL2006-01$918,552,518
6The Deere & Company Welfare Benefit Veba For Salaried EmployeesPO BOX 535007, Pittsburgh, PA 15253-5007PA2004-11$889,336,324
7Ascension Health Welfare Benefits TrustPO BOX 46944, Saint Louis, MO 63146-6944MO2001-01$720,641,371
8Aquila Inc Master Welfare Benefit Trust For Non-Bargaining Employees1200 Main St, Kansas City, MO 64105-2122MO2003-10$964,166
9Aquila Inc Veba Master Wbt For Bargaining Employees1200 Main St, Kansas City, MO 64105-2122MO2003-10$871,140
10Deutz-Allis Retirees Veba Medical Trust, Stewart Ronald Ttee204 W Linwood Blvd, Kansas City, MO 64111-1328MO2000-10$532,960
11Heartland Health Care Plan Trust Fund5325 Faraon St, Saint Joseph, MO 64506-3488MO2006-11$32,337,495
12Cpc Logistics Inc Veba Tr14528 S Outer Forty Road - Suite, Chesterfield, MO 63017-5785MO2007-05$20,725,240
13Hussmann International Inc Group Benefits Pl, Welfare Benefit Trust12999 St Charls Rck Rd, Bridgeton, MO 63044-2419MO2000-09$6,721,892
14Carpenters District Council Of Kansas City And Vicinity Vacation3100 Broadway, Kansas City, MO 64111-2658MO2008-01$6,073,218
15Boilermakers Local 83 Supplemental Health And Welfare Fund5910 E 86th St, Kansas City, MO 64138-2766MO2007-03$5,643,941
16Kv Welfare Benefit Tr Pl, Chibnall Richard & Sarah Weltscheff2280 Schuetz Rd, Saint Louis, MO 63146-3410MO2005-05$4,583,884
17Graphic Communications Intl Union Local 235 Sickness & Accident10221 E 40 Highway, Independence, MO 64055-6132MO1980-05$3,278,536
18United Employee Welfare Benefit Trust, Unitrin12115 Lackland Rd, Saint Louis, MO 63146-4003MO2003-02$1,121,982
19Local 649 Sub And Welfare Fund5735 Elizabeth Ave, Saint Louis, MO 63110-2801MO1999-06$706,252
20Labarge Coating Llc Health Benefits Trust8300 Eager Rd Ste 602, Saint Louis, MO 63144-1419MO2010-02$552,271
Number of organizations performing similar types of work
Alaska7
Alabama13
Arkansas6
Arizona13
California146
Colorado19
Connecticut41
District of Columbia21
Delaware7
Florida50
Georgia30
Hawaii17
Iowa22
Idaho3
Illinois89
Indiana109
Kansas17
Kentucky7
Louisiana13
Massachusetts45
Maryland35
Maine7
Michigan76
Minnesota60
Missouri39
Mississippi4
Montana21
North Carolina64
North Dakota4
Nebraska7
New Hampshire10
New Jersey47
New Mexico6
Nevada12
New York181
Ohio107
Oklahoma18
Oregon19
Pennsylvania170
Rhode Island10
South Carolina11
South Dakota5
Tennessee28
Texas100
Utah12
Virginia56
Vermont1
Washington33
Wisconsin65
West Virginia12
Wyoming5
International7
Total1,907

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