2025-05-15T11:26:19-05:00 2024-12-31 390859910 BAKER TILLY ADVISORY GROUP LP 790 N WATER ST SUITE 2000 MILWAUKEE WI 53202 990 2024-01-01 391142212 WISCONSIN EDUCATION ASSOCIATION INSURANCE TRUST WISC 8002794000 33 NOB HILL ROAD MADISON WI 53713 VAUGHN VANCE PRESIDENT & CEO 8002794000 2025-05-15 1 1 SHELBY NETZ CPA P01405265 4147775500 2025-05-02 2024 2025-03-06 01:10:19Z VAUGHN VANCE 33 NOB HILL ROAD MADISON WI 53713 27443 0 X WEATRUST.ORG X 1970 WI ENSURING PEACE OF MIND ALONG THE HEALTHCARE JOURNEY THROUGH COMPASSIONATE EMPLOYEES WHO PROUDLY DELIVER EXCEPTIONAL SERVICES. 10 10 0 0 0 0 0 0 0 0 264841 -2560939 4280 239 269121 -2560700 0 36500 0 0 0 0 0 0 0 868111 843934 868111 880434 -598990 -3441134 123391637 106791222 1960220 1884584 121431417 104906638 ENSURING PEACE OF MIND ALONG THE HEALTHCARE JOURNEY THROUGH COMPASSIONATE EMPLOYEES WHO PROUDLY DELIVER EXCEPTIONAL SERVICES. 0 0 PROVIDE HEALTH AND WELFARE BENEFITS TO PARTICIPANTS THROUGH INSURANCE PROGRAMS UNDERWRITTEN BY AN AFFILIATED ORGANIZATION. 0 0 0 0 0 0 0 0 0 1 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 X 10 10 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 X JIM KRUEGER 8002794000 33 NOB HILL ROAD MADISON WI 53713 X MARY THEISEN BOARD MEMBER, CHAIR 2.25 2.25 X X 2586 2586 0 MARGARET GUERTLER BOARD MEMBER, VICE CHAIR 2.25 2.25 X X 2519 2519 0 HEATHER MIELKE BOARD MEMBER, SECRETARY/TREASURER 2.25 2.25 X X 1979 1979 0 AMY JOHNSON BOARD MEMBER 1.25 1.25 X 1200 1200 0 ANDREW STAAB BOARD MEMBER 1.25 1.25 X 900 900 0 CAROL KETTNER BOARD MEMBER 1.25 1.25 X 1150 1150 0 MIKE HALLORAN BOARD MEMBER 1.25 1.25 X 1350 1350 0 PEGGY WIRTZ-OLSEN BOARD MEMBER 1.25 1.25 X 950 950 0 SARAH KRUGER BOARD MEMBER 1.25 1.25 X 950 950 0 SHELLY KRAJACIC BOARD MEMBER 1.25 1.25 X 1100 1100 0 VAUGHN VANCE PRESIDENT & CEO 20.00 20.00 X 208114 208114 66096 BARB RUEGSEGGER VICE PRESIDENT & CORPORATE SECRETARY 20.00 20.00 X 89062 89062 48194 JIM KRUEGER CONTROLLER & CORPORATE TREASURER 9.50 10.00 X 11484 11484 0 323344 323344 114290 2 0 1 0 WEA INSURANCE CORPORATION 33 NOB HILL ROAD MADISON WI 53713 ADMINISTRATIVE SERVICES 774000 1 27204 27204 2588143 -2588143 -2588143 -2588143 COMMISSIONS 900099 239 239 239 -2560700 239 0 -2560939 36500 4899 8697 52399 ALLOCATION OF COSTS TO 774000 BANK FEES 3939 880434 690973 10237 16157025 15160565 0 130000 31284 23129 168812 0 168812 168812 4457574 4431802 101761255 86806597 124714 60080 123391637 106791222 0 110000 1960220 1774584 1960220 1884584 X 0 0 0 0 121431417 104906638 121431417 104906638 123391637 106791222 X -3441134 1684194 -14767839 X 0 0 0 168812 168812 168812 75274114 F PARTNERSHIP INTERESTS 11532483 C 86806597 BENEFITS PAYABLE 1771802 PAYABLE TO AFFILIATES 2782 1774584 1 WISCONSIN MEMBER BENEFITS TRUST 33 NOB HILL DRIVE MADISON WI 53713 833341845 501(C)3 36500 0 TO SUPPORT MEMBERS OF WEA AND THE EDUCATORS IN THE STATE OF WISCONSIN 1 0 PART I, LINE 2: THE ORGANIZATION ONLY GIVES FUNDS TO WISCONSIN MEMBER BENEFITS TRUST. THE ORGANIZATION IS INVOLVED ON A CONTINUAL BASIS WHICH FUNCTIONS THAT THE DONATIONS FUND, WHICH SUPPORTS THE MISSION OF SERVING THE EMPLOYEES OF THE PUBLIC-SCHOOL SYSTEMS THROUGHOUT THE STATE OF WISCONSIN. X X X 0 0 0 VAUGHN VANCE PRESIDENT & CEO 202114 202114 6000 6000 0 0 17250 17250 15798 15798 241162 241162 0 0 BARB RUEGSEGGER VICE PRESIDENT & CORPORATE SECRETARY 83062 83062 6000 6000 0 0 8299 8299 15798 15798 113159 113159 0 0 PART I, LINE 3 THE PRESIDENT & CEO SIGNED A BOARD-APPROVED CONTRACT IN 2021 THAT CONFIRMED SALARY ADJUSTMENTS FOR 2022, 2023, AND 2024. IN 2024, THE ORGANIZATION WORKED WITH AN OUTSIDE COMPENSATION CONSULTANT TO DETERMINE APPROPRIATE SALARY ADJUSTMENTS FOR THE PRESIDENT & CEO. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY AN EXTERNAL ACCOUNTING FIRM. ANY AREAS OF CONCERN ARE DISCUSSED AND REVIEWED PRIOR TO FILING. A COMPLETE COPY OF THE FORM 990 IS PROVIDED TO THE ENTIRE BOARD OF DIRECTORS PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C UPON APPOINTMENT, EACH MEMBER OF THE GOVERNING BODY AND THE OFFICERS OF THE ORGANIZATION ARE REQUIRED TO COMPLETE A WRITTEN CONFLICT OF INTEREST POLICY FORM VERIFYING THAT THEY HAVE NO CONFLICT OF INTEREST. EACH YEAR THEREAFTER, THIS FORM IS AGAIN COMPLETED TO CONFIRM THERE HAVE BEEN NO CHANGES IN STATUS. FORM 990, PART VI, SECTION B, LINE 15A THE PRESIDENT & CEO SIGNED A BOARD-APPROVED CONTRACT IN 2021 THAT CONFIRMED SALARY ADJUSTMENTS FOR 2022, 2023, AND 2024. IN 2023, THE ORGANIZATION STARTED WORKING WITH AN OUTSIDE COMPENSATION CONSULTANT TO DETERMINE APPROPRIATE SALARY ADJUSTMENTS FOR THE PRESIDENT & CEO MOVING FORWARD. FORM 990, PART VI, SECTION C, LINE 19 THE TRUST MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART V, LINE 2A AND PART VII, SECTION A: WISCONSIN EDUCATION ASSOCIATION INSURANCE TRUST (THE TRUST) HAS AN AGREEMENT WITH A PROFESSIONAL EMPLOYER ORGANIZATION (PEO) TO PERFORM ITS PAYROLL FUNCTIONS AND THEREFORE, DOES NOT DIRECTLY ISSUE FORMS W-2. OFFICERS AND BOARD MEMBERS OF THE TRUST ALSO SERVED DURING 2024 AS OFFICERS AND BOARD MEMBERS OF WEA INSURANCE CORPORATION (THE CORPORATION), WHICH IS A RELATED ORGANIZATION TO THE TRUST. IT IS ESTIMATED THE OFFICERS AND BOARD MEMBERS AVERAGED 50 PERCENT OF THEIR TIME TO THE TRUST ON A WEEKLY BASIS AND THE REMAINING 50 PERCENT OF THEIR TIME TO THE CORPORATION. AN INTERCOMPANY AGREEMENT BETWEEN THE TRUST AND THE CORPORATION WAS EFFECTIVE IN 2024 AS WELL, STATING 50 PERCENT OF COMPENSATION IS ULTIMATELY PAID BY THE TRUST AND THE REMAINING 50 PERCENT IS PAID BY THE CORPORATION. THE TRUST REIMBURSES THE CORPORATION ON A MONTHLY BASIS BASED ON THE INTERCOMPANY AGREEMENT AND A RECONCILIATION IS PERFORMED AT YEAR-END TO IDENTIFY ANY FURTHER PAYMENTS BETWEEN THE ENTITIES. FORM 990, PART XI, LINE 9: UNREALIZED GAIN ON INVESTMENT IN WEA INSURANCE CORPORATION -14,767,839. WEA INSURANCE CORPORATION 33 NOB HILL ROAD MADISON WI 53713 391519322 INSURANCE PROGRAMS WI 501(C)(9) WISCONSIN EDUCATION ASSOCIATION INSURANCE TRUST 1 NEUGEN LLC 33 NOB HILL ROAD MADISON WI 53713 830949021 SHARED SERVICE ORGANIZATION WI N/A C 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0 0 WEA INSURANCE CORPORATION O 373864 ACTUAL WEA INSURANCE CORPORATION N 250000 ACTUAL WEA INSURANCE CORPORATION M 774000 AMOUNT PAID