DESERET HEALTHCARE EMPLOYEE BENEFITS TRUST: Form 990, tax year 2021
View the entire original 990 at ProPublica ↗
- Organization
- DESERET HEALTHCARE EMPLOYEE BENEFITS TRUST (EIN 87-0467790)
- Tax period
- 2021-01-01 to 2021-12-31
- Filed
- 2022-11-16
- IRS object ID
- 202243209349302269
- Schema version
- 2021v4.2
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2022-11-16T12:09:05-06:00 | ReturnTs |
| Tax Period End | 2021-12-31 | TaxPeriodEndDt |
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2021-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 870467790 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Deseret Healthcare Employee Benefits Trust | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| In Care Of | % Todd A Hansen | InCareOfNm |
| Business Name Control | DESE | BusinessNameControlTxt |
| Phone | 8015785795 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO Box 45530 | AddressLine1Txt |
| City | Salt Lake City | CityNm |
| State Abbreviation | UT | StateAbbreviationCd |
| ZIP | 841450530 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | TODD A HANSEN | PersonNm |
| Person Title | Controller | PersonTitleTxt |
| Phone | 8015785628 | PhoneNum |
| Signature | 2022-11-16 | SignatureDt |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | TODD | PersonFirstNm |
| Person Last | HANSEN | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 1 | TrustedCustomerCd |
| Identity Assurance Level | IAL1 | IdentityAssuranceLevelCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2021 | TaxYr |
| Build TS | 2022-09-23 18:48:47Z | BuildTS |
Form 990 IRS990
Principal Ofcr Business Name PrincipalOfcrBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Deseret Mutual Benefits Administrators | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO Box 45530 | AddressLine1Txt |
| City | Salt Lake City | CityNm |
| State Abbreviation | UT | StateAbbreviationCd |
| ZIP | 841450530 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $592,085,778 | GrossReceiptsAmt |
| Group Return For Affiliates | false | GroupReturnForAffiliatesInd |
| Organization501c | Yes (X) | Organization501cInd |
| Website Address | www.dmba.com | WebsiteAddressTxt |
| Type Of Organization Trust | Yes (X) | TypeOfOrganizationTrustInd |
| Formation | 1986 | FormationYr |
| Legal Domicile State | UT | LegalDomicileStateCd |
| Activity Or Mission | Receive contributions and distribute benefits to eligible employees dependentsbeneficiaries according to plans adopted by plan sponsors | ActivityOrMissionDesc |
| Voting Members Governing Body | 1 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 0 | VotingMembersIndependentCnt |
| Total Employee | 0 | TotalEmployeeCnt |
| Total Gross UBI | $49,700 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $1,243 | NetUnrelatedBusTxblIncmAmt |
| CY Contributions Grants | $0 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $503,760,480 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $465,496,912 | CYProgramServiceRevenueAmt |
| PY Investment Income | $18,384,549 | PYInvestmentIncomeAmt |
| CY Investment Income | $30,191,454 | CYInvestmentIncomeAmt |
| CY Other Revenue | $0 | CYOtherRevenueAmt |
| PY Total Revenue | $522,145,029 | PYTotalRevenueAmt |
| CY Total Revenue | $495,688,366 | CYTotalRevenueAmt |
| CY Grants And Similar Paid | $0 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $425,730,991 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $478,826,583 | CYBenefitsPaidToMembersAmt |
| CY Salaries Comp Emp Bnft Paid | $0 | CYSalariesCompEmpBnftPaidAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $16,541,382 | PYOtherExpensesAmt |
| CY Other Expenses | $18,466,307 | CYOtherExpensesAmt |
| PY Total Expenses | $442,272,373 | PYTotalExpensesAmt |
| CY Total Expenses | $497,292,890 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $79,872,656 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | -$1,604,524 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $416,394,996 | TotalAssetsBOYAmt |
| Total Assets EOY | $421,476,421 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $85,150,569 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $89,644,247 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $331,244,427 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $331,832,174 | NetAssetsOrFundBalancesEOYAmt |
| 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. | MissionDesc |
| Significant New Program Srvc | false | SignificantNewProgramSrvcInd |
| Significant Change | false | SignificantChangeInd |
| Desc | The Deseret Healthcare Employee Benefits Trust receives contributions in the form of premiums and pays benefits for eligible members. | Desc |
| Described In Section501c3 | false | DescribedInSection501c3Ind |
| Schedule B Required | false | ScheduleBRequiredInd |
| Political Campaign Acty | false | PoliticalCampaignActyInd |
| Lobbying Activities | false | LobbyingActivitiesInd |
| Subject To Proxy Tax | false | SubjectToProxyTaxInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Conservation Easements | false | ConservationEasementsInd |
| Collections Of Art | false | CollectionsOfArtInd |
| Credit Counseling | false | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | false | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (true) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | Yes (true) | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | false | ReportProgramRelatedInvstInd |
| Report Other Assets | false | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (true) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (true) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (true) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | false | ConsolidatedAuditFinclStmtInd |
| School Operating | false | SchoolOperatingInd |
| Foreign Office | false | ForeignOfficeInd |
| Foreign Activities | Yes (true) | ForeignActivitiesInd |
| More Than5000 K To Org | false | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividualsInd |
| Professional Fundraising | false | ProfessionalFundraisingInd |
| Fundraising Activities | false | FundraisingActivitiesInd |
| Gaming Activities | false | GamingActivitiesInd |
| Operate Hospital | false | OperateHospitalInd |
| Grants To Organizations | false | GrantsToOrganizationsInd |
| Grants To Individuals | false | GrantsToIndividualsInd |
| Schedule J Required | false | ScheduleJRequiredInd |
| Tax Exempt Bonds | false | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | false | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | false | PYExcessBenefitTransInd |
| Loan Outstanding | false | LoanOutstandingInd |
| Grant To Related Person | false | GrantToRelatedPersonInd |
| Business Rln With Org Mem | false | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | false | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | false | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | false | DeductibleNonCashContriInd |
| Deductible Art Contribution | false | DeductibleArtContributionInd |
| Terminate Operations | false | TerminateOperationsInd |
| Partial Liquidation | false | PartialLiquidationInd |
| Disregarded Entity | false | DisregardedEntityInd |
| Related Entity | Yes (true) | RelatedEntityInd |
| Related Organization Ctrl Ent | false | RelatedOrganizationCtrlEntInd |
| Activities Conducted Prtshp | false | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (true) | ScheduleORequiredInd |
| IRP Document | 0 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (true) | BackupWthldComplianceInd |
| Employee | 0 | EmployeeCnt |
| Unrelated Bus Incm Over Limit | Yes (true) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (true) | Form990TFiledInd |
| Foreign Financial Account | false | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | false | TaxablePartyNotificationInd |
| Nondeductible Contributions | false | NondeductibleContributionsInd |
| Indoor Tanning Services | false | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | false | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | false | SubjectToExcsTaxNetInvstIncInd |
| Excs Tax Sect4951 Or4952 Or4953 | false | ExcsTaxSect4951Or4952Or4953Ind |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 1 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 0 | IndependentVotingMemberCnt |
| Family Or Business Rln | false | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | false | DelegationOfMgmtDutiesInd |
| Change To Org Documents | false | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | false | MembersOrStockholdersInd |
| Election Of Board Members | Yes (true) | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | Yes (true) | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (true) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (true) | MinutesOfCommitteesInd |
| Officer Mailing Address | false | OfficerMailingAddressInd |
| Local Chapters | false | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (true) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (true) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (true) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (true) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (true) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (true) | DocumentRetentionPolicyInd |
| Compensation Process CEO | false | CompensationProcessCEOInd |
| Compensation Process Other | false | CompensationProcessOtherInd |
| Investment In Joint Venture | false | InvestmentInJointVentureInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Deseret Mutual Benefits Administrators | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 8015785795 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO Box 45530 | AddressLine1Txt |
| City | Salt Lake City | CityNm |
| State Abbreviation | UT | StateAbbreviationCd |
| ZIP | 841450530 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | DMBA | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Title | Trustee | TitleTxt |
| Institutional Trustee | Yes (X) | InstitutionalTrusteeInd |
| Reportable Comp From Org | $0 | ReportableCompFromOrgAmt |
| Reportable Comp From Rltd Org | $30,098,052 | ReportableCompFromRltdOrgAmt |
| Other Compensation | $0 | OtherCompensationAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Reportable Comp Rltd Org | $30,098,052 | TotReportableCompRltdOrgAmt |
| Former Ofcr Employees Listed | false | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | false | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | false | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| IHC Health Services | |||||
| PO Box 30180 | Salt Lake City | UT | 84130 | Healthcare provider | $104,562,331 |
| U of U Hospital and Clinic | |||||
| PO Box 510721 | Salt Lake City | UT | 84151 | Healthcare provider | $17,388,010 |
| Eastern Idaho Regional MC | |||||
| PO Box 2077 | Idaho Falls | UT | 83403 | Healthcare provider | $9,465,269 |
| Central Utah Clinic | |||||
| Healthcare provider | $7,805,209 | ||||
| Madison Co Memorial Hosp | |||||
| PO Box 700 | Rexburg | ID | 83440 | Healthcare provider | $7,626,009 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 5 | CntrctRcvdGreaterThan100KCnt |
Program Service Revenue ProgramServiceRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Premiums | Desc |
| Business | 525100 | BusinessCd |
| Total Revenue Column | $465,496,912 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $465,496,912 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $465,496,912 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $5,538,002 | TotalRevenueColumnAmt |
| Unrelated Business Revenue | $49,700 | UnrelatedBusinessRevenueAmt |
| Exclusion | $5,488,302 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $99,521,735 | SecuritiesAmt |
| Other | $21,529,129 | OtherAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $80,361,888 | SecuritiesAmt |
| Other | $16,035,524 | OtherAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $19,159,847 | SecuritiesAmt |
| Other | $5,493,605 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $24,653,452 | TotalRevenueColumnAmt |
Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $495,688,366 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $465,496,912 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $49,700 | UnrelatedBusinessRevenueAmt |
| Exclusion | $5,488,302 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part IX | Yes (X) | InfoInScheduleOPartIXInd |
Benefits To Members BenefitsToMembersGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $478,826,583 | TotalAmt |
| Program Services | $478,826,583 | ProgramServicesAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $225,847 | TotalAmt |
| Management And General | $225,847 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $168,982 | TotalAmt |
| Management And General | $168,982 | ManagementAndGeneralAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $499,916 | TotalAmt |
| Management And General | $499,916 | ManagementAndGeneralAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $29,621 | TotalAmt |
| Management And General | $29,621 | ManagementAndGeneralAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,498,813 | TotalAmt |
| Management And General | $1,498,813 | ManagementAndGeneralAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $82,801 | TotalAmt |
| Management And General | $82,801 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (3 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt |
|---|---|---|
| Magellan Administrative Fees | $8,311,867 | $8,311,867 |
| Granite Alliance Admin Fee | $1,896,596 | $1,896,596 |
| UHC Insurance Co Fees | $2,988,498 | $2,988,498 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,763,366 | TotalAmt |
| Program Services | $2,637,939 | ProgramServicesAmt |
| Management And General | $125,427 | ManagementAndGeneralAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $497,292,890 | TotalAmt |
| Program Services | $494,661,483 | ProgramServicesAmt |
| Management And General | $2,631,407 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $33,643,696 | BOYAmt |
| EOY | $14,793,868 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $42,443,373 | BOYAmt |
| EOY | $51,244,430 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $249,238 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $89,690 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $242,349 | BOYAmt |
| EOY | $159,548 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $280,912,141 | BOYAmt |
| EOY | $282,875,938 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $59,153,437 | BOYAmt |
| EOY | $72,402,637 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $416,394,996 | BOYAmt |
| EOY | $421,476,421 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,388,432 | BOYAmt |
| EOY | $5,482,795 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $35,654 | BOYAmt |
| EOY | $60,754 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $78,726,483 | BOYAmt |
| EOY | $84,100,698 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $85,150,569 | BOYAmt |
| EOY | $89,644,247 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $331,244,427 | BOYAmt |
| EOY | $331,832,174 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $331,244,427 | BOYAmt |
| EOY | $331,832,174 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $416,394,996 | BOYAmt |
| EOY | $421,476,421 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | -$1,604,524 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $2,192,273 | NetUnrlzdGainsLossesInvstAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | false | AccountantCompileOrReviewInd |
| FS Audited | Yes (true) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (true) | AuditCommitteeInd |
| Federal Grant Audit Required | false | FederalGrantAuditRequiredInd |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Disclosed Org Leg Ctrl | false | DisclosedOrgLegCtrlInd |
| Disclosed For Charitable Prps | false | DisclosedForCharitablePrpsInd |
| Written Policy Monitoring | false | WrittenPolicyMonitoringInd |
| Section170h Rqr Stsfd | false | Section170hRqrStsfdInd |
| Solicited Assets Sale | false | SolicitedAssetsSaleInd |
| Agent Trustee Etc | false | AgentTrusteeEtcInd |
| Incl Escrow Custodial Acct Liab | false | InclEscrowCustodialAcctLiabInd |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | $249,238 | InvestmentCostOrOtherBasisAmt |
| Depreciation | $89,690 | DepreciationAmt |
| Book Value | $159,548 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $159,548 | TotalBookValueLandBuildingsAmt |
Financial Derivatives FinancialDerivativesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Book Value | $29,106 | BookValueAmt |
Other Securities OtherSecuritiesGrp (8 entries)
| DescDesc | Book ValueBookValueAmt | Method ValuationMethodValuationCd |
|---|---|---|
| LION INDUSTRIAL TRUST PROPERTIES | $9,556,861 | F |
| MONDRILPD | $8,243,205 | F |
| JPMCB GLOBAL EM | $7,445,910 | F |
| MORGAN STANLEY PRIME PROPERTY FUND | $7,092,088 | F |
| HARRISON STREET CORE PROPERTY FUND | $4,990,375 | F |
| CF DAILY VALUED STOCK INDEX | $4,444,889 | F |
| PACIFIC BANK LOAN COMINGLED | $3,815,375 | F |
| VARIOUS INVESTMENTS | $26,784,828 | F |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Securities | $72,402,637 | TotalBookValueSecuritiesAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (7 entries)
| DescDesc | AmtAmt |
|---|---|
| Accident and Health Unpaid Claims | $47,048,907 |
| Accident and Health Reserves | $28,533,454 |
| Life Reserves | $1,946,310 |
| Life Unpaid Claims | $3,349,912 |
| Other Funds Held for Policyholders | $3,044,048 |
| Accrued Premium Fluctuation Reserve | $177,885 |
| Administrative Expenses Payable | $182 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $84,100,698 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $497,255,296 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | $2,192,273 | NetUnrealizedGainsInvstAmt |
| Revenue Not Reported | $2,192,273 | RevenueNotReportedAmt |
| Revenue Subtotal | $495,063,023 | RevenueSubtotalAmt |
| Investment Expenses Not Incld | $625,343 | InvestmentExpensesNotIncldAmt |
| Revenue Not Reported Fincl Stmt | $625,343 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $495,688,366 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $496,667,550 | TotExpnsEtcAuditedFinclStmtAmt |
| Expenses Subtotal | $496,667,550 | ExpensesSubtotalAmt |
| Investment Expenses Not Incld2 | $625,343 | InvestmentExpensesNotIncld2Amt |
| Expenses Not Rpt Fincl Stmt | $625,343 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $497,292,893 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (14 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| P10, Ln 2 | The Trust funding the Plan has received an exemption letter from the |
| P10, Ln 2 | Internal Revenue Service (IRS)dated August 28, 1990, stating that the Trust |
| P10, Ln 2 | is tax-exempt under the provisions of Section 501(c)(9) of the Internal |
| P10, Ln 2 | Revenue Code (the Code) as a Voluntary Employee Beneficiary |
| P10, Ln 2 | Association. The Plan and Trust are required to operate in conformity with |
| P10, Ln 2 | the Code to maintain the tax-exempt status of the Trust. The Plan has been |
| P10, Ln 2 | amended since receiving the determination letter. However, the Plan |
| P10, Ln 2 | Administrator believes the Plan is being operated in compliance with the |
| P10, Ln 2 | applicable requirements of the IRC and, therefore, believes the related |
| P10, Ln 2 | Trust is tax exempt. No provision for income taxes has been included in the |
| P10, Ln 2 | Plan financial statements. |
| P10, Ln 2 | GAAP requires Plan management to evaluate tax positions taken by the Plan |
| P10, Ln 2 | and recognize a tax liability (or asset) if the Plan has taken an uncertain |
| P10, Ln 2 | position that more likely than not would not be sustained upon examination |
Schedule F IRS990ScheduleF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | false | GrantRecordsMaintainedInd |
Account Activities Outside US AccountActivitiesOutsideUSGrp (2 entries)
| RegionRegionTxt | OfficesOfficesCnt | EmployeeEmployeeCnt | Type Of Activities ConductedTypeOfActivitiesConductedTxt | Region Total ExpendituresRegionTotalExpendituresAmt |
|---|---|---|---|---|
| Central America and the Caribbean | 0 | 0 | Investments | $9,638,355 |
| Europe | 0 | 0 | Investments | $40,762 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Subtotal Spent | $9,679,117 | SubtotalSpentAmt |
| Total Spent | $9,679,117 | TotalSpentAmt |
| Transfer To Foreign Corp | Yes (true) | TransferToForeignCorpInd |
| Interest In Foreign Trust | false | InterestInForeignTrustInd |
| Foreign Corp Ownership | Yes (true) | ForeignCorpOwnershipInd |
| Passive Foreign Investmest Co | Yes (true) | PassiveForeignInvestmestCoInd |
| Foreign Partnership | Yes (true) | ForeignPartnershipInd |
| Boycott Countries | false | BoycottCountriesInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | P1, Ln 3, Col F | FormAndLineReferenceDesc |
| Explanation | The total represents the market value of the investment at year-end. | ExplanationTxt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (22 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Part VI Line 7a | Participating employers appoint the trustee and can remove or replace the |
| Part VI Line 7a | trustee at any time |
| Part VI Line 7b | Participating employers appoint the trustee and can |
| Part VI Line 7b | remove or replace the trustee at any time. |
| Part VI Line 11b | The Form 990 is reviewed by the trustee's legal department, outside legal |
| Part VI Line 11b | counsel, external tax specialists, and the trustee's controller and CFO. |
| Part VI Line 12c | Board members and officers complete annual disclosures that are reviewed |
| Part VI Line 12c | by the trustee's legal officer and by its audit committee. |
| Part VI Line 19 | The trustee makes this information available to beneficiaries of the |
| Part VI Line 19 | trust upon request. |
| Part VI 1a | DMBA serves as the trustee and plan sponsor for the Deseret Healthcare |
| Part VI 1a | Employee Benefits Trust. As the sole institutional trustee, DMBA |
| Part VI 1a | constitutes the governing body of the trust. However, DMBA itself has a |
| Part VI 1a | board of directors who supervise its activities as trustee of the trust. In |
| Part VI 1a | this part VI, on lines 8 and 11-14 we have answered questions about board |
| Part VI 1a | process, recordkeeping, and policies based on the processes and policies of |
| Part VI 1a | DMBA and its board of directors. |
| Part VII 1a | IRS e-filing checks appear to assume that the number of hours reported |
| Part VII 1a | should be the number of hours worked by the listed person directly, not by |
| Part VII 1a | the person's staff or agents. For an institutional trustee like DMBA, that |
| Part VII 1a | number is zero. However, we estimate that DMBA's staff spent an average of |
| Part VII 1a | 7,304 hours per week managing the Trust's affairs |
Schedule R IRS990ScheduleR
Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp (4 entries)
| Direct Controlling NADirectControllingNACd | Controlled OrganizationControlledOrganizationInd |
|---|---|
| Brigham Young University-Hawaii | |
| N/A | false |
| Brigham Young University-Idaho | |
| N/A | false |
| Ensign College | |
| N/A | false |
| Utah Property Management Associates | |
| N/A | false |
Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp (8 entries)
| Direct Controlling NADirectControllingNACd | Controlled OrganizationControlledOrganizationInd | Entity TypeEntityTypeTxt | Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt |
|---|---|---|---|---|---|---|---|---|---|---|
| Deseret Management Corporation | ||||||||||
| N/A | false | |||||||||
| Beneficial Life Insurance Company | ||||||||||
| N/A | false | |||||||||
| Hawaii Reserves Inc | ||||||||||
| N/A | false | C | ||||||||
| Deseret Mutual Benefit Administrators | ||||||||||
| false | C | PO Box 45530 | SLC | UT | 84144 | 870440163 | Thirdparty administrator | UT | The Church of Jesus Chris | |
| Suburban Land Reserve Inc | ||||||||||
| N/A | false | C | ||||||||
| AgReserves Inc | ||||||||||
| N/A | false | C | ||||||||
| East Central Florida Services Inc | ||||||||||
| N/A | false | C | ||||||||
| Taylor Creek Management Company | ||||||||||
| N/A | false | C | ||||||||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | false | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | false | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | false | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | false | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | false | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | false | DivRelatedOrganizationInd |
| Asset Sale To Other Org | false | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | false | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | false | AssetExchangeInd |
| Rental Of Facilities To Oth Org | false | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | false | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | false | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | false | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | false | SharingOfFacilitiesInd |
| Paid Employees Sharing | false | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | false | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | false | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | false | TransferToOtherOrgInd |
| Transfer From Other Org | false | TransferFromOtherOrgInd |
Supplemental Information Detail SupplementalInformationDetail (12 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Part V Line 2 | Organizations listed in |
| Part V Line 2 | Part II and Part III are |
| Part V Line 2 | contributing employers or |
| Part V Line 2 | sponsoring organizations |
| Part V Line 2 | They are not controlled |
| Part V Line 2 | entitities of the Trust |
| Part V Line 2 | so no reporting is |
| Part V Line 2 | required in Part V line2 |
| Part V Line 1s | Line 1s should be checked |
| Part V Line 1s | yes but the software |
| Part V Line 1s | used to prepare this |
| Part V Line 1s | return wouldnt allow it |