WISCONSIN EDUCATION ASSOCIATION INSURANCE TRUST: Form 990, tax year 2017
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- Organization
- WISCONSIN EDUCATION ASSOCIATION INSURANCE TRUST (EIN 39-1142212)
- Tax period
- 2017-01-01 to 2017-12-31
- Filed
- 2018-11-14
- IRS object ID
- 201823189349305922
- Schema version
- 2017v2.2
- 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 | 2018-11-14T13:00:48-06:00 | ReturnTs |
| Tax Period End | 2017-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 350921680 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CROWE LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 175 Powder Forest Drive | AddressLine1Txt |
| City | Simsbury | CityNm |
| State Abbreviation | CT | StateAbbreviationCd |
| ZIP | 060897902 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2017-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 391142212 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Wisconsin Education Association Insurance Trust | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | WISC | BusinessNameControlTxt |
| Phone | 6082764000 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 45 Nob Hill Road | AddressLine1Txt |
| City | Madison | CityNm |
| State Abbreviation | WI | StateAbbreviationCd |
| ZIP | 53713 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Dawn Witek | PersonNm |
| Person Title | VP of Finance and Accounting | PersonTitleTxt |
| Signature | 2018-11-14 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | KRISTIN ANDERSON | PreparerPersonNm |
| PTIN | P01231300 | PTIN |
| Phone | 8606789200 | PhoneNum |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2017 | TaxYr |
| Build TS | 2019-02-21 02:37:17Z | BuildTS |
Form 990 IRS990
Principal Ofcr Business Name PrincipalOfcrBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Dawn Witek | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 45 Nob Hill Road | AddressLine1Txt |
| City | Madison | CityNm |
| State Abbreviation | WI | StateAbbreviationCd |
| ZIP | 53713 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $486,953,945 | GrossReceiptsAmt |
| Group Return For Affiliates | false | GroupReturnForAffiliatesInd |
| Organization501c | Yes (X) | Organization501cInd |
| Website Address | WEATRUST.COM | WebsiteAddressTxt |
| Type Of Organization Trust | Yes (X) | TypeOfOrganizationTrustInd |
| Formation | 1970 | FormationYr |
| Legal Domicile State | WI | LegalDomicileStateCd |
| Activity Or Mission | To promote the health and financial security of Trust participants by providing excellent benefit programs and outstanding personal service that respects the dignity and worth of every member. | ActivityOrMissionDesc |
| Voting Members Governing Body | 11 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 11 | VotingMembersIndependentCnt |
| Total Employee | 0 | TotalEmployeeCnt |
| Total Volunteers | 11 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| CY Contributions Grants | $0 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $332,258,498 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $331,952,731 | CYProgramServiceRevenueAmt |
| PY Investment Income | $3,015,685 | PYInvestmentIncomeAmt |
| CY Investment Income | $2,409,970 | CYInvestmentIncomeAmt |
| PY Other Revenue | $4,598,426 | PYOtherRevenueAmt |
| CY Other Revenue | $26,389,326 | CYOtherRevenueAmt |
| PY Total Revenue | $339,872,609 | PYTotalRevenueAmt |
| CY Total Revenue | $360,752,027 | CYTotalRevenueAmt |
| CY Grants And Similar Paid | $0 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | -$7,403,776 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $3,852,308 | 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 | $341,561,914 | PYOtherExpensesAmt |
| CY Other Expenses | $329,852,143 | CYOtherExpensesAmt |
| PY Total Expenses | $334,158,138 | PYTotalExpensesAmt |
| CY Total Expenses | $333,704,451 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $5,714,471 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $27,047,576 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $234,896,440 | TotalAssetsBOYAmt |
| Total Assets EOY | $247,545,560 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $53,665,697 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $37,250,366 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $181,230,743 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $210,295,194 | NetAssetsOrFundBalancesEOYAmt |
| Mission | To promote the health and financial security of Trust participants by providing excellent benefit programs and outstanding personal service that respects the dignity and worth of every member. | MissionDesc |
| Significant New Program Srvc | false | SignificantNewProgramSrvcInd |
| Significant Change | false | SignificantChangeInd |
| Desc | Provide health and welfare benefits to participants through insurance programs underwritten by an affiliated organization | Desc |
| Total Program Service Expenses | $0 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | false | DescribedInSection501c3Ind |
| Schedule B Required | false | ScheduleBRequiredInd |
| Political Campaign Acty | false | PoliticalCampaignActyInd |
| Subject To Proxy Tax | false | SubjectToProxyTaxInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Conservation Easements | false | ConservationEasementsInd |
| Collections Of Art | false | CollectionsOfArtInd |
| Credit Counseling | false | CreditCounselingInd |
| Temp Or Permanent Endowments | false | TempOrPermanentEndowmentsInd |
| Report Land Building Equipment | Yes (true) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | Yes (true) | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | false | ReportProgramRelatedInvstInd |
| Report Other Assets | Yes (true) | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (true) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | false | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | false | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | Yes (true) | ConsolidatedAuditFinclStmtInd |
| School Operating | false | SchoolOperatingInd |
| Foreign Office | false | ForeignOfficeInd |
| Foreign Activities | false | 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 | Yes (true) | ScheduleJRequiredInd |
| Tax Exempt Bonds | false | TaxExemptBondsInd |
| 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 With Officer Ent | false | BusinessRlnWithOfficerEntInd |
| 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 | Yes (true) | RelatedOrganizationCtrlEntInd |
| Transaction With Control Ent | Yes (true) | TransactionWithControlEntInd |
| Activities Conducted Prtshp | false | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (true) | ScheduleORequiredInd |
| IRP Document | 7 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (true) | BackupWthldComplianceInd |
| Employee | 0 | EmployeeCnt |
| Unrelated Bus Incm Over Limit | false | UnrelatedBusIncmOverLimitInd |
| 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 |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 11 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 11 | 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 | Yes (true) | 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 | Dawn Witek | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 6086616784 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 45 Nob Hill Road | AddressLine1Txt |
| City | Madison | CityNm |
| State Abbreviation | WI | StateAbbreviationCd |
| ZIP | 53713 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (15 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | OfficerOfficerInd | Former Ofcr Director TrusteeFormerOfcrDirectorTrusteeInd |
|---|---|---|---|---|---|---|---|---|
| Mary Theisen | ||||||||
| Trustee, Chair | 0.5 | 2.5 | Yes (X) | $0 | $0 | $0 | ||
| Margaret Guertler | ||||||||
| Trustee, Vice Chair | 0.5 | 2.5 | Yes (X) | $0 | $0 | $0 | ||
| Mike Halloran | ||||||||
| Trustee | 0.5 | 2.5 | Yes (X) | $0 | $0 | $0 | ||
| Amy Johnson | ||||||||
| Trustee | 0.5 | 2.5 | Yes (X) | $0 | $0 | $0 | ||
| Carol Kettner | ||||||||
| Trustee | 0.5 | 2.5 | Yes (X) | $0 | $0 | $0 | ||
| Heather Mielke | ||||||||
| Trustee, Secretary/Treasurer | 0.5 | 2.5 | Yes (X) | $0 | $0 | $0 | ||
| Allen Knop | ||||||||
| Trustee | 0.5 | 2.5 | Yes (X) | $0 | $0 | $0 | ||
| David Stella | ||||||||
| Trustee | 0.5 | 2.5 | Yes (X) | $0 | $0 | $0 | ||
| Dan Weidner | ||||||||
| Trustee | 0.5 | 2.5 | Yes (X) | $0 | $0 | $0 | ||
| Shelly Krajacic | ||||||||
| Trustee | 0.5 | 2.5 | Yes (X) | $0 | $0 | $0 | ||
| David Kijek | ||||||||
| Trustee | 0.5 | 2.5 | Yes (X) | $0 | $0 | $0 | ||
| Michael I Quist | ||||||||
| CEO/President | 4.0 | 36.0 | $0 | $390,713 | $71,327 | Yes (X) | ||
| Vaughn Vance | ||||||||
| General Counsel | 4.0 | 36.0 | $0 | $206,444 | $62,921 | Yes (X) | ||
| Dawn Witek | ||||||||
| Controller and Treasurer | 4.0 | 36.0 | $0 | $146,049 | $32,636 | Yes (X) | ||
| Mark Moody | ||||||||
| Former Executive Director | $0 | $336,821 | $0 | Yes (X) | ||||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $0 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $1,080,027 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $166,884 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 0 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | Yes (true) | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (true) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | false | CompensationFromOtherSrcsInd |
| Cntrct Rcvd Greater Than100 K | 0 | CntrctRcvdGreaterThan100KCnt |
| Info In Schedule O Part VIII | Yes (X) | InfoInScheduleOPartVIIIInd |
| Total Contributions | $0 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (2 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| Net Contributions for welfare benefits | 524114 | $332,127,759 | $332,127,759 |
| Experience Rated Refund | 524114 | -$175,028 | -$175,028 |
Total Oth Program Service Rev TotalOthProgramServiceRevGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $0 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $0 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $331,952,731 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $706,831 | TotalRevenueColumnAmt |
| Exclusion | $706,831 | ExclusionAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $0 | RealAmt |
| Personal | $0 | PersonalAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $127,905,057 | SecuritiesAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $126,201,918 | SecuritiesAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $1,703,139 | SecuritiesAmt |
| Other | $0 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $1,703,139 | TotalRevenueColumnAmt |
| Exclusion | $1,703,139 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| Net unrealized depreciation of subsid | 524114 | $25,886,487 | $25,886,487 |
| P&C Debenture | 524114 | $400,000 | $400,000 |
| EBC Fees | 524114 | $74,200 | $74,200 |
Miscellaneous Revenue MiscellaneousRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $28,639 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $28,639 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $0 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $26,389,326 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $360,752,027 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $358,342,057 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $2,409,970 | ExclusionAmt |
Benefits To Members BenefitsToMembersGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,852,308 | TotalAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $43,530 | TotalAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $65,685 | TotalAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $170,984 | TotalAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $927,113 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
| Management And General | $0 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $56,856 | TotalAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $41,858 | TotalAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $315 | TotalAmt |
Royalties RoyaltiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $7,518 | TotalAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $14,912 | TotalAmt |
Other Expenses OtherExpensesGrp (2 entries)
| DescDesc | TotalTotalAmt |
|---|---|
| Payments to Insurance Carriers | $328,523,372 |
| Fee to related organization |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
| Management And General | $0 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $333,704,451 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
| Management And General | $0 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,083,639 | BOYAmt |
| EOY | $3,667,152 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,581,781 | BOYAmt |
| EOY | $3,141,812 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
Receivables From Officers Etc ReceivablesFromOfficersEtcGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Rcvbl From Disqualified Prsn RcvblFromDisqualifiedPrsnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $0 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $168,812 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $0 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $168,812 | BOYAmt |
| EOY | $168,812 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $48,730,422 | BOYAmt |
| EOY | $33,866,722 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $154,912,325 | BOYAmt |
| EOY | $182,218,469 | EOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $26,419,461 | BOYAmt |
| EOY | $24,482,593 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $234,896,440 | BOYAmt |
| EOY | $247,545,560 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $298,955 | BOYAmt |
| EOY | $385,420 | EOYAmt |
Loans From Officers Directors LoansFromOfficersDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $0 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $53,366,742 | BOYAmt |
| EOY | $36,864,946 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $53,665,697 | BOYAmt |
| EOY | $37,250,366 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Org Does Not Follow SFAS117 | Yes (X) | OrgDoesNotFollowSFAS117Ind |
Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $181,230,743 | BOYAmt |
| EOY | $210,295,194 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $181,230,743 | BOYAmt |
| EOY | $210,295,194 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $234,896,440 | BOYAmt |
| EOY | $247,545,560 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | $27,047,576 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $2,016,875 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | $0 | OtherChangesInNetAssetsAmt |
| 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) |
|---|---|---|
| Consolidated Basis Fincl Stmt | Yes (X) | ConsolidatedBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (true) | AuditCommitteeInd |
| Federal Grant Audit Required | false | FederalGrantAuditRequiredInd |
Schedule D IRS990ScheduleD
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $168,812 | OtherCostOrOtherBasisAmt |
| Book Value | $168,812 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $168,812 | TotalBookValueLandBuildingsAmt |
Closely Held Equity Interests CloselyHeldEquityInterestsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Book Value | $175,511,892 | BookValueAmt |
| Method Valuation | F | MethodValuationCd |
Other Securities OtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Partnership interests | Desc |
| Book Value | $6,706,577 | BookValueAmt |
| Method Valuation | F | MethodValuationCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Securities | $182,218,469 | TotalBookValueSecuritiesAmt |
Other Assets Org OtherAssetsOrgGrp (5 entries)
| DescDesc | Book ValueBookValueAmt |
|---|---|
| Extended life premium reserve fund | $24,128,764 |
| Experience-rated refund receivable | $215,414 |
| Interest Receivable | $109,489 |
| Other Assets | $28,926 |
| Securities Receivable | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | $24,482,593 | TotalBookValueOtherAssetsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (6 entries)
| DescDesc | AmtAmt |
|---|---|
| Benefits Payable | $28,802,203 |
| Contributions due to Corp | $1,945,631 |
| Advance Contributions | $1,790,207 |
| Small Group Self-funded | $988,583 |
| Payable to affiliates | $269,412 |
| Payables for securities | $3,068,910 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $36,864,946 | TotalLiabilityAmt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Severance Payment | Yes (true) | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | false | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | false | EquityBasedCompArrngmInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (4 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Michael I Quist | ||||||||||||||
| CEO/President | $0 | $385,703 | $0 | $0 | $0 | $5,010 | $0 | $48,489 | $0 | $22,838 | $0 | $462,040 | $0 | $0 |
| Vaughn Vance | ||||||||||||||
| General Counsel | $0 | $201,296 | $0 | $1,900 | $0 | $3,248 | $0 | $34,228 | $0 | $28,693 | $0 | $269,365 | $0 | $0 |
| Dawn Witek | ||||||||||||||
| Controller and Treasurer | $0 | $143,246 | $0 | $250 | $0 | $2,553 | $0 | $4,250 | $0 | $28,386 | $0 | $178,685 | $0 | $0 |
| Mark Moody | ||||||||||||||
| Former Executive Director | $0 | $172,671 | $0 | $0 | $0 | $164,150 | $0 | $0 | $0 | $0 | $0 | $336,821 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Schedule J, Part I, Line 4a Severance or change-of-control payment | FormAndLineReferenceDesc |
| Explanation | Mark Moody received severance pay of $100,000 from the corporation as part of a voluntary program he bought into. John Klett received severance pay for $27,865.41 from the corporation as a lump sum to leave. | ExplanationTxt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (8 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Form 990, Part VI, Line 15a | The compensation of officers is set by WEA Insurance Corporation. An independent compensation consultant provided a recommendation based on benchmark salary information. The benchmark data considered comparable organizations and our geographic area. The recommendation was then approved by their Executive Committee of the Board of Directors. |
| Form 990, Part VI, Line 15b | The compensation of officers is set by WEA Insurance Corporation. Each year their Board of Directors sets the salary for all officers of the Corporation. Salary information from comparable organizations within the geographic area are considered. |
| Form 990, Part VI, Line 6 Classes of members or stockholders | WEA Insurance Corporation is a wholly owned subsidiary of Wisconsin Educations Association Insurance Trust. Wisconsin Education Association Trust is the sole shareholder. |
| Form 990, Part VI, Line 7a Members or stockholders electing members of governing body | Wisconsin Education Association Insurance Trust Board are elected directly by membership. |
| Form 990, Part VI, Line 11b Review of form 990 by governing body | The Form 990 is prepared by staff and reviewed by an external consulting firm. The Controller signs the form after her review. Any areas of concern are discussed and reviewed prior to signing. A draft of the Form 990 is presented to the Board members prior to filing. |
| Form 990, Part VI, Line 12c Conflict of interest policy | Upon appointment, each member of the governing body is required to complete a written conflict of interest policy form verifying that they have no conflicts of interest. Each year thereafter, this form is again completed to confirm there has not been a change in status. |
| Form 990, Part VI, Line 19 Required documents available to the public | The Trust makes its governing documents, conflict of interest policy, and financial statements available to the public upon request. |
| Form 990, Part VIII, Line 11d Other Miscellaneous Revenue | EBC Commission for groups that sign up - Total Revenue: 15088, Related or Exempt Function Revenue: 15088, Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ; HRA Fees - Total Revenue: 13551, Related or Exempt Function Revenue: 13551, Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ; |
Schedule R IRS990ScheduleR
Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp (110 entries)
| Direct Controlling NADirectControllingNACd |
|---|
| ADAMS COUNTY |
| N/A |
| ALMA CENTER SCHOOL DISTRICT |
| N/A |
| ANTIGO UNIFIED SCHOOL DISTRICT |
| N/A |
| ARCADIA SCHOOL DISTRICT |
| N/A |
| ARROWHEAD UNION HIGH SCHOOL DISTRICT |
| N/A |
| AUGUSTA SCHOOL DISTRICT |
| N/A |
| BAYFIELD SCHOOL DISTRICT |
| N/A |
| BIG FOOT UNION HIGH SCHOOL |
| N/A |
| BIRCHWOOD SCHOOL DISTRICT |
| N/A |
| BLACK RIVER FALLS SCHOOL DISTRICT |
| N/A |
| BLAIR-TAYLOR SCHOOL DISTRICT |
| N/A |
| BOYCEVILLE COMMUNITY SCHOOL DISTRICT |
| N/A |
| BRUCE SCHOOL DISTRICT |
| N/A |
| BUFFALO CITY CITY OF |
| N/A |
| BURLINGTON AREA SCHOOL DISTRICT |
| N/A |
| CADOTT COMMUNITY SCHOOL DISTRICT |
| N/A |
| CAMBRIA-FRIESLAND SCHOOL DISTRICT |
| N/A |
| CAMERON SCHOOL DISTRICT |
| N/A |
| CESA 11 |
| N/A |
| CHIPPEWA VALLEY TECHNICAL COLLEGE |
| N/A |
| CLAYTON SCHOOL DISTRICT |
| N/A |
| COCHRANE-FOUNTAIN CITY SCHOOL DISTRICT |
| N/A |
| COLEMAN SCHOOL DISTRICT |
| N/A |
| COLFAX SCHOOL DISTRICT |
| N/A |
| CUDAHY CITY OF |
| N/A |
| DE SOTO AREA SCHOOL DISTRICT |
| N/A |
| DRUMMOND AREA SCHOOL DISTRICT |
| N/A |
| DURAND - ARKANSAW SCHOOL DISTRICT |
| N/A |
| FALL CREEK SCHOOL DISTRICT |
| N/A |
| FOX POINT-BAYSIDE SCHOOL DISTRICT |
| N/A |
| FREEDOM AREA SCHOOL DISTRICT |
| N/A |
| GALE-ETTRICK-TREMPEALEAU SCHOOL DISTRICT |
| N/A |
| HARTFORD JT 1 SCHOOL DISTRICT |
| N/A |
| HARTLAND-LAKESIDE JT 3 SCHOOL DISTRICT |
| N/A |
| HEALTH CONVERSION PLAN |
| N/A |
| HILLSBORO SCHOOL DISTRICT |
| N/A |
| HORICON SCHOOL DISTRICT |
| N/A |
| INCLUSA INC |
| N/A |
| IOLA-SCANDINAVIA SCHOOL DISTRICT |
| N/A |
| KENOSHA SCHOOL DISTRICT |
| N/A |
| LAKE COUNTRY SCHOOL DISTRICT |
| N/A |
| LAKE GENEVA SCHOOLS |
| N/A |
| LAKE HOLCOMBE SCHOOL DISTRICT |
| N/A |
| LOMIRA SCHOOL DISTRICT |
| N/A |
| MANAWA SCHOOL DISTRICT |
| N/A |
| MAPLE DALE-INDIAN HILL SCHOOL DISTRICT |
| N/A |
| MARION SCHOOL DISTRICT |
| N/A |
| MAUSTON SCHOOL DISTRICT |
| N/A |
| MENOMINEE INDIAN SCHOOL DISTRICT |
| N/A |
| MEQUON-THIENSVILLE SCHOOL DISTRICT |
| N/A |
| MERTON COMMUNITY SCHOOL DISTRICT |
| N/A |
| MOUNT PLEASANT VILLAGE OF |
| N/A |
| NEW AUBURN SCHOOL DISTRICT |
| N/A |
| NEW HOLSTEIN SCHOOL DISTRICT |
| N/A |
| NEW LISBON SCHOOL DISTRICT |
| N/A |
| NEW LONDON SCHOOL DISTRICT |
| N/A |
| NEW LONDON CITY OF |
| N/A |
| NICOLET UNION HIGH SCHOOL |
| N/A |
| NORTH LAKE SCHOOL DISTRICT |
| N/A |
| NORTH SHORE FIRE DEPARTMENT |
| N/A |
| NORTHERN OZAUKEE SCHOOL DISTRICT |
| N/A |
| NORTHWOOD SCHOOL DISTRICT |
| N/A |
| OAKFIELD SCHOOL DISTRICT |
| N/A |
| OMRO SCHOOL DISTRICT |
| N/A |
| OSSEO-FAIRCHILD SCHOOL DISTRICT |
| N/A |
| PEPIN AREA SCHOOL DISTRICT |
| N/A |
| PEWAUKEE SCHOOL DISTRICT |
| N/A |
| PLATTEVILLE CITY OF |
| N/A |
| PORT WASHINGTON-SAUKVILLE SCHOOL DISTRICT |
| N/A |
| PRAIRIE DU CHIEN SCHOOL DISTRICT |
| N/A |
| RANDALL CONSOLIDATED SCHOOL DISTRICT JT 1 |
| N/A |
| RANDOM LAKE SCHOOL DISTRICT |
| N/A |
| RAYMOND SCHOOL DISTRICT #14 |
| N/A |
| REEDSBURG SCHOOL DISTRICT |
| N/A |
| REEDSVILLE SCHOOL DISTRICT |
| N/A |
| RICHFIELD JOINT 1 SCHOOL DISTRICT |
| N/A |
| RICHMOND SCHOOL DISTRICT |
| N/A |
| ROSENDALE-BRANDON SCHOOL DISTRICT |
| N/A |
| ROYALL SCHOOL DISTRICT |
| N/A |
| RUSK COUNTY |
| N/A |
| RUSK COUNTY HOSPITAL |
| N/A |
| SHAWANO SCHOOL DISTRICT |
| N/A |
| SHELL LAKE SCHOOL DISTRICT |
| N/A |
| ST FRANCIS CITY OF |
| N/A |
| STONE BANK SCHOOL DISTRICT |
| N/A |
| SUPERIOR SCHOOL DISTRICT |
| N/A |
| SUSSEX VILLAGE OF |
| N/A |
| SWALLOW SCHOOL DISTRICT |
| N/A |
| TOMAH AREA SCHOOL DISTRICT |
| N/A |
| TOMORROW RIVER SCHOOL DISTRICT |
| N/A |
| TREVOR WILMOT CONSOLIDATED SCHOOL DISTRICT |
| N/A |
| UNION GROVE JT 1 SCH DIST Total |
| N/A |
| WABENO AREA SCHOOL DISTRICT |
| N/A |
| WAUPACA SCHOOL DISTRICT |
| N/A |
| WAUPUN AREA SCHOOL DISTRICT |
| N/A |
| WEA INSURANCE CORPORATION |
| N/A |
| WEA MED PLUS |
| N/A |
| WEA PROPERTY & CASUALTY INSURANCE COMPANY |
| N/A |
| WEST ALLIS-WEST MILWAUKEE SCHOOL DISTRICT |
| N/A |
| WEST DE PERE SCHOOL DISTRICT |
| N/A |
| WEST SALEM SCHOOL DISTRICT |
| N/A |
| WESTFIELD SCHOOL DISTRICT |
| N/A |
| WHEATLAND CENTER JT 1 SCHOOL DISTRICT |
| N/A |
| WHITEFISH BAY SCHOOL DISTRICT |
| N/A |
| WHITEFISH BAY VILLAGE OF |
| N/A |
| WILD ROSE SCHOOL DISTRICT |
| N/A |
| WISCONSIN DELLS SCHOOL DISTRICT |
| N/A |
| WISCONSIN EDUCATION ASSOCIATION COUNCIL |
| N/A |
| WISCONSIN EMPLOYEE TRUST FUND |
| N/A |
| WONEWOC-UNION CENTER SCHOOL DISTRICT |
| N/A |
| 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 | Yes (true) | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | Yes (true) | SharingOfFacilitiesInd |
| Paid Employees Sharing | Yes (true) | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | Yes (true) | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | false | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | false | TransferToOtherOrgInd |
| Transfer From Other Org | false | TransferFromOtherOrgInd |
Transactions Related Org TransactionsRelatedOrgGrp (3 entries)
| Transaction TypeTransactionTypeTxt | InvolvedInvolvedAmt | Method Of Amount DeterminationMethodOfAmountDeterminationTxt |
|---|---|---|
| WEA Insurance Corp | ||
| M | $335,435,226 | ACTUAL |
| WEA Insurance Corp | ||
| P | $565,000 | ACTUAL |
| WEA Insurance Corp | ||
| O | $125,000 | ACTUAL |