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Nonprofit · EIN 87-0467790

DESERET HEALTHCARE EMPLOYEE BENEFITS TRUST

Tax-exempt · SALT LAKE CTY, UT 84145

Financials

$540.6M$548.6M2023$592.8M$586.9M2024
Revenue Expenses · by fiscal year end
Financials of DESERET HEALTHCARE EMPLOYEE BENEFITS TRUST by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$592,818,633$586,923,296$5,895,337$393,619,923$107,371,118$286,248,805
December 31, 2023990$540,579,667$548,636,874-$8,057,207$373,891,601$98,240,693$275,650,908
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$571,129,737
Investment income
$19,946,738
Net gain from sales of assets
$6,471,732
Other revenue
$1,742,158

Expenses

Grants and similar amounts paid
$0
Benefits paid to members
$573,675,502
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Legal fees
$145,322
Accounting fees
$129,455
Depreciation
$278
Program services (functional)
$583,829,375
Management and general (functional)
$3,093,921

Balance sheet and other

Total assets, start of year
$373,891,601
Total assets, end of year
$393,619,923
Total liabilities, end of year
$107,371,118
Net assets, end of year
$286,248,805
Publicly traded securities
$256,035,177
Gross receipts
$708,442,114
Employees
0
Year formed
1986
State of legal domicile
UT

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensationFrom related orgs
DMBAInstitutional Trustee
Institutional trustee
0$0$35,771,370
990 for the year ended December 31, 2023: 1 people
NameTitleHours / weekCompensationFrom related orgs
DMBATrustee
Institutional trustee
–$0$34,033,847

Address and contacts

Address (IRS master file)
PO BOX 45530, SALT LAKE CTY, UT 84145-0530
In care of
% TODD A HANSEN
Principal officer (990 for 2024)
Deseret Mutual Benefit Administrators, PO Box 45530, Salt Lake City, UT 841450530
Signed the 990
TODD A HANSEN, Controller
Phone
(801) 578-5795

Mission

Receive contributions and distribute health and welfare benefits for employees and their eligible dependents and beneficiaries in accordance with the provisions adopted by plan sponsors.

990 for the year ended December 31, 2024

Program accomplishments

  • The Deseret Healthcare Employee Benefits Trust receives contributions in the form of premiums and pays benefits for eligible members.

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
87-0467790
Tax-exempt status
501(c)(9): Voluntary employees' beneficiary association
Donations deductible
No
Exempt since
1990
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$393,619,923
Income (IRS master file)
$708,442,114

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$592,818,633$586,923,296$393,619,923XML
990December 2023$540,579,667$548,636,874$373,891,601XML
990December 2022$481,314,750$507,559,505$360,796,287IRS
990December 2021–––IRS
990December 2020–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 87-0467790).

Questions about DESERET HEALTHCARE EMPLOYEE BENEFITS TRUST

What is the EIN of DESERET HEALTHCARE EMPLOYEE BENEFITS TRUST?
The employer identification number (EIN) of DESERET HEALTHCARE EMPLOYEE BENEFITS TRUST is 87-0467790.
Is DESERET HEALTHCARE EMPLOYEE BENEFITS TRUST tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(9) since 1990.
Are donations to DESERET HEALTHCARE EMPLOYEE BENEFITS TRUST tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does DESERET HEALTHCARE EMPLOYEE BENEFITS TRUST file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of DESERET HEALTHCARE EMPLOYEE BENEFITS TRUST due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did DESERET HEALTHCARE EMPLOYEE BENEFITS TRUST last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of DESERET HEALTHCARE EMPLOYEE BENEFITS TRUST?
The 990 for the year ended December 31, 2024 names Deseret Mutual Benefit Administrators.
Who are the officers and directors of DESERET HEALTHCARE EMPLOYEE BENEFITS TRUST?
The 990 for the year ended December 31, 2024 lists 1 person; 0 received compensation from the organization.
How much revenue does DESERET HEALTHCARE EMPLOYEE BENEFITS TRUST have?
On its 990 for the year ended December 31, 2024 it reported revenue of $592,818,633, expenses of $586,923,296 and total assets of $393,619,923 at year end.

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