Wisconsin Public Service Corp Non-Adm Emp Hlth Cr & Other Ewbt in Green Bay, Wisconsin (WI)

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Wisconsin Public Service Corp Non-Adm Emp Hlth Cr & Other Ewbt
Employer Identification Number (EIN)391567887
Name of OrganizationWisconsin Public Service Corp Non-Adm Emp Hlth Cr & Other Ewbt
AddressPO BOX 19001, Green Bay, WI 54307-9001
ActivitiesSick, accident, death, or similar benefits
SubsectionVoluntary Employees' Beneficiary Association (Non-Govt. Emps.)
Ruling Date07/1988
DeductibilityContributions are not deductible
FoundationAll organizations except 501(c)(3)
OrganizationTrust
Exempt Organization StatusUnconditional Exemption
Tax Period12/2010
Assets$50,000,000 to greater
Income$10,000,000 to $49,999,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$203,973,739
Amount of Income$42,917,598
Form 990 Revenue Amount$42,917,598
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 2010: $42,917,598
This organization: 

 $42,917,598
Other organizations performing similar types of work: 

 $15,014,074

Assets in 2010: $203,973,739
This organization: 

 $203,973,739
Other organizations performing similar types of work: 

 $11,402,929

Expenses in 2007: $23,738,449
This organization: 

 $23,738,449
Other organizations performing similar types of work: 

 $9,889,885

Income to expenses ratio in 2007: 1.8
This organization: 

 1.8
Other organizations performing similar types of work: 

 1.0

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
20002001200220032004200520062007
Total revenue$21,044,171$16,353,127$23,208,762$31,697,666$38,583,039$46,508,774$42,680,378$43,710,136
Contributions, gifts, grants, and similar amounts received$0$0$0$0$0$0$0$0
Contributions to donor advised funds$0$0
Direct public support$0$0$0$0$0$0$0$0
Indirect public support$0$0$0$0$0$0$0$0
Government contributions (grants)$0$0$0$0$0$0$0$0
Program service revenue including government fees and contracts$8,493,085$5,445,478$19,677,508$27,598,406$27,329,804$34,506,417$30,200,804$21,193,571
Membership dues and assessments$0$0$0$0$0$0$0$0
Interest on savings and temporary cash investments$24,395$4$36,581$25,694$43,420$64,523$184,403$123,124
Dividends and interest from securities$3,433,007$3,305,577$2,754,638$2,366,819$2,902,118$4,311,944$5,244,845$7,879,864
Net rental income or (loss)$0$0$0$0$0$0$0$0
Gross rents$0$0$0$0$0$0$0$0
Less: rental expenses$0$0$0$0$0$0$0$0
Other investment income$0$0$0$0$0$0$0$0
Gain or (loss) from sales of assets other than inventory$9,107,008$7,561,489$708,580$1,677,643$8,229,400$7,590,873$6,983,264$14,410,605
Gross amount from sales of assets other than inventory$71,532,411$35,530,378$21,791,596$25,646,601$58,011,163$95,023,288$73,432,914$175,259,961
Less: cost or other basis and sales expenses$62,425,403$27,968,889$21,083,016$23,968,958$49,781,763$87,432,415$66,449,650$160,849,356
Net income or (loss) from special events and activities$0$0$0$0$0$0$0$0
Gross revenue$0$0$0$0$0$0$0$0
Less: direct expenses other than fundraising expenses$0$0$0$0$0$0$0$0
Gross profit or (loss) from sales of inventory$0$0$0$0$0$0$0$0
Gross sales of inventory, less returns and allowances$0$0$0$0$0$0$0$0
Less: cost of goods sold$0$0$0$0$0$0$0$0
Other revenue$-13,324$40,579$31,455$29,104$78,297$35,017$67,062$102,972
Total expenses$13,407,462$14,073,929$17,165,161$19,503,180$19,689,490$32,566,235$20,980,085$23,738,449
Program services$0$0$0$0$0$0$0$0
Management and general$0$0$0$0$0$0$0$0
Fundraising$0$0$0$0$0$0$0$0
Payments to affiliates$0$0$0$0$0$10,392,849$0$0
Net assets or fund balances at end of year$113,187,783$107,798,597$99,546,103$128,609,606$148,532,692$158,333,324$190,670,821$201,606,148
Excess or (deficit) for the year$7,636,709$2,279,198$6,043,601$12,194,486$18,893,549$13,942,539$21,700,293$19,971,687
Net assets or fund balances at beginning of year$109,903,706$113,187,783$107,798,597$99,546,103$128,609,606$148,532,694$161,926,421$190,670,822
Other changes in net assets or fund balances$-4,352,632$-7,668,384$-14,296,095$16,869,017$1,029,537$-4,141,909$7,044,107$-9,036,361
Statement of Functional Expenses (for 2007)
TotalProgram servicesManagement and generalFundraising
Total functional expenses$23,738,449$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$23,123,371
Compensation of current officers, directors, key employees, etc.$130,785$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$0$0$0$0
Supplies$0$0$0$0
Telephone$0$0$0$0
Postage and shipping$0$0$0$0
Occupancy$0$0$0$0
Equipment rental and maintenance$0$0$0$0
Printing and publications$0$0$0$0
Travel$0$0$0$0
Conferences, conventions, and meetings$0$0$0$0
Interest$0$0$0$0
Depreciation, depletion, etc.$0$0$0$0
Other expenses not covered above$484,293$0$0$0
Balance Sheets
20002001200220032004200520062007
Total assets$116,044,567$109,928,308$102,625,054$131,180,309$151,727,736$185,299,581$204,742,755$204,242,904
Cash - non-interest-bearing$988,411$0$2,259,192$1,694,850$1,124,542$1,827,444$1,746,455$1,787,504
Savings and temporary cash investments$1,444,609$4,040,595$8,750,039$15,153,040$3,553,237$19,175,163$19,181,148$8,240,121
Accounts receivable less allowance for doubtful accounts$1,947,157$34,652$15,079$0$61,237$9,796,074$0$80,617
Pledges receivable less allowance for doubtful accounts$0$0$0$0$0$0$0$0
Grants receivable$0$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$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$0
Inventories for sale or use$0$0$0$0$0$0$0$0
Prepaid expenses and deferred charges$0$0$0$0$0$0$0$0
Investments - publicly-traded securities$183,815,152$194,134,662
Investments - other securities$111,664,390$105,853,061$91,600,744$114,332,419$146,988,720$154,500,900$0$0
Investments - land, buildings, and equipment less accumulated depreciation$0$0$0$0$0$0$0$0
Investments - other$0$0$0$0$0$0$0$0
Land, buildings, and equipment less accumulated depreciation$0$0$0$0$0$0$0$0
Other assets, including program-related investments$0$0$0$0$0$0$0$0
Total liabilities$2,856,784$2,129,711$3,078,951$2,570,703$3,195,042$26,966,257$14,071,933$2,636,755
Accounts payable and accrued expenses$2,856,784$2,042,377$3,078,951$2,401,823$3,195,042$16,573,408$2,591,581$2,636,755
Grants payable$0$0$0$0$0$0$0$0
Deferred revenue$0$0$0$0$0$0$0$0
Loans from officers, directors, trustees, and key employees$0$0$0$0$0$0$0$0
Tax-exempt bond liabilities$0$0$0$0$0$0$0$0
Mortgages and other notes payable$0$0$0$0$0$0$0$0
Other liabilities$0$87,334$0$168,880$0$10,392,849$11,480,352$0
Total liabilities and net assets/fund balances$116,044,567$109,928,308$102,625,054$131,180,309$151,727,736$185,299,581$204,742,755$204,242,904
Total net assets or fund balances$113,187,783$107,798,597$99,546,103$128,609,606$148,532,694$158,333,324$190,670,822$201,606,149
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
20002001200220032004200520062007
Total revenue$21,044,171$16,353,127$23,208,762$31,697,666$38,583,041$46,508,773$42,680,379$43,710,137
Total revenue, gains, and other support per audited financial statements$16,357,139$8,307,822$8,508,843$48,177,940$39,261,296$45,455,854$49,112,383$34,058,698
Other expenses$-4,352,632$-7,668,384$-14,296,095$16,869,017$1,029,537$-548,811$7,044,107$-9,036,361
Net unrealized gains on investments$-4,352,632$-11,179,891$-14,296,095$16,869,017$1,029,537$-548,811$3,291,232$-9,036,361
Donated services and use of facilities$0$0$0$0$0$0$0$0
Recoveries of prior year grants$0$0$0$0$0$0$0$0
Other$0$3,511,507$0$0$0$0$3,752,875$0
Other revenue$334,400$376,921$403,824$388,743$351,282$504,108$612,103$615,078
Investment expenses$332,720$374,188$400,396$382,704$339,580$495,818$605,812$603,537
Other$1,680$2,733$3,428$6,039$11,702$8,290$6,291$11,541
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
20002001200220032004200520062007
Total expenses$13,407,462$14,073,929$17,165,161$19,503,180$19,689,490$22,173,386$20,980,085$23,738,449
Total expenses and losses per audited financial statements$11,899,981$14,511,930$15,962,625$19,591,566$18,513,406$21,674,112$21,054,854$23,074,141
Other revenue$-1,173,081$814,922$-798,712$477,129$-824,802$4,834$686,872$-49,230
Donated services and use of facilities$0$0$0$0$0$0$0$0
Prior year adjustments$0$0$0$0$0$0$0$0
Losses$0$0$0$0$0$0$0$0
Other$-1,173,081$814,922$-798,712$477,129$-824,802$4,834$686,872$-49,230
Other expenses$334,400$376,921$403,824$388,743$351,282$504,108$612,103$615,078
Investment expenses$332,720$374,188$400,396$382,704$339,580$495,818$605,812$603,537
Other$1,680$2,733$3,428$6,039$11,702$8,290$6,291$11,541
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
99$130,785$0$0
Total number of officers, directors, and trustees permitted to vote on organization business at board meetings0
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?Yes
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?Yes
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?Yes
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$22,516,565$21,193,571
Program service revenue
Program service revenue 1000000$000$0$2,505,553
Program service revenue 2000000$000$0$18,688,018
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))$123,124$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))$7,879,864$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))$14,410,605$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))$102,972$0
Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2007)
EIN of corporation, partnership, or disregarded entityPercentage of ownership interestTotal incomeEnd-of-year assets
0%$0$0
0%$0$0
0%$0$0
0%$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
19992000200120022003200420052006
Total$0$0$0$0$0$0$0$0
Gifts, grants, and contributions received$0$0$0$0$0$0$0$0
Membership fees received$0$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$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$0
Net income from unrelated business activities not included above$0$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$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$0
Other income$0$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
Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Wea Insurance Corporation45 Nob Hill Rd, Madison, WI 53713-3959WI1988-12$1,008,302,377
2Wheaton Franciscan Services Inc Health & Welfare Benefit Trust, Wfsi Health & Welfare Benefit Trust400 W River Woods Pkwy, Milwaukee, WI 53212-1060WI1988-03$257,479,259
3Kimberly-Clark Health Benefits TrustNeenah, WI 54956WI$229,659,295
4Wisconsin Laborers Health Fund4633 Liuna Way, Deforest, WI 53532-2510WI1969-03$217,357,494
5Operating Engineers Local 139PO BOX 160, Pewaukee, WI 53072-0160WI1972-03$214,922,831
6Wisconsin Health Fund6200 W Bluemound Rd, Milwaukee, WI 53213-4145WI1954-03$131,346,843
7North Central States Regional Council Of Carpenters Health FundPO BOX 4002, Eau Claire, WI 54702-4002WI1964-07$119,942,024
8Telephone And Data Systems Inc Employees Benefit TrustPO BOX 628010, Middleton, WI 53562-8010WI1995-08$101,332,408
9Johnson Controls Inc Voluntary Emp Beneficiary Association Veba No 25757 N Green Bay Ave, Milwaukee, WI 53209-4408WI1989-01$85,875,735
10Milwaukee Drivers Health & Welfare Trust Fund10020 W Greenfield Ave, Milwaukee, WI 53214-3906WI1960-01$84,549,995
11Schneider National Benefit TrustGreen Bay, WI 54306WI$74,243,471
12M & I Health Benefits Trust770 N Water St, Milwaukee, WI 53202-3509WI1987-11$72,024,635
13Milwaukee Carpenters District Council Health FundN25w23055 Paul Rd Ste 2, Pewaukee, WI 53072-4079WI1960-03$68,360,713
14Wisconsin Sheet Metal Health And Benefit Trust Fund2201 Springdale Rd, Waukesha, WI 53186-2855WI1987-01$63,976,335
15Wisconsin Electrical Employees Benefits Funds Llc2730 Dairy Dr Ste 101, Madison, WI 53718-6882WI1990-05$63,721,005
16Wisconsin Power & Light Company Employees Benefit Trust4902 N Biltmore Ln Ste 1000, Madison, WI 53718-2148WI1982-06$55,985,794
17Wisconsin Public Service Corp Non-Adm Emp Hlth Cr & Other EwbtPO BOX 19001, Green Bay, WI 54307-9001WI1988-07$42,917,598
18Sentry Employee Welfare Benefits Trust1800 N Point Dr, Stevens Point, WI 54481-1253WI1988-10$41,557,095
19Milwaukee Electrical Construction Industry Health & Welfare Trust Fu11001 W Plank Ct Ste 120, Wauwatosa, WI 53226-3668WI1970-04$33,643,984
20Wisconsin Pipe Trades Health FundOne Park Plz 11270 W Park Pl Ste 92, Milwaukee, WI 53224WI1958-07$30,155,094
21Associated Banc-Corp Group Health Employee Benefit Plan And TrustPO BOX 12800, Green Bay, WI 54307-2800WI1982-06$26,400,098
22Milwaukee Electrical Industry Vacation - Holiday Plan11001 W Plank Ct Ste 120, Wauwatosa, WI 53226-3668WI1974-01$25,977,101
23Wisconsin Public Service Crp Adm Hlth Cr&othr Emp Wlfr BenPO BOX 19001, Green Bay, WI 54307-9001WI1978-07$24,592,012
24Snap-On Tools Corp Employee Benefit TrustKenosha, WI 53141WI$23,795,996
25Wisconsin Masons Health Care Fund2901 W Beltline Hwy Ste 100, Madison, WI 53713-4231WI1976-08$21,283,053
26Lands End Inc Employee Benefit Trust1 Lands End Ln, Dodgeville, WI 53595-0001WI1995-09$20,845,057
27Construction Workers Health FundMilwaukee, WI 53210WI$20,777,496
28Milwaukee Painters Local Union No 781 Welfare FundPO BOX 189, Big Bend, WI 53103-0189WI1958-10$20,465,778
29Interstate Power And Light Non-Bargaining Employees Health4902 N Biltmore Ln Ste 1000, Madison, WI 53718-2148WI1994-06$19,776,449
30Local 434 Health & Welfare Fund, 434 Local H & W Fund912 N View Dr, Mosinee, WI 54455-7822WI1998-06$17,409,438
Number of organizations performing similar types of work
Alaska4
Alabama13
Arkansas6
Arizona17
California218
Colorado19
Connecticut40
District of Columbia25
Delaware7
Florida37
Georgia45
Hawaii20
Iowa24
Idaho5
Illinois226
Indiana45
Kansas19
Kentucky23
Louisiana10
Massachusetts80
Maryland58
Maine5
Michigan96
Minnesota81
Missouri74
Mississippi6
Montana7
North Carolina49
North Dakota6
Nebraska12
New Hampshire5
New Jersey127
New Mexico3
Nevada18
New York328
Ohio134
Oklahoma12
Oregon40
Pennsylvania205
Rhode Island19
South Carolina7
South Dakota2
Tennessee44
Texas107
Utah15
Virginia28
Vermont1
Washington66
Wisconsin62
West Virginia9
Wyoming1
International1
Total2,511

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