Civic Intelligence

United Agricultural Employee Welfare Benefit Plan and Trust

EIN 33-0013118 • 501(c)9 • Irvine, CA

Profile

UABT provides health dental vision and life insurance benefits to employees and the dependents of employer members of United Agribusiness League

Refreshing map…

54 Corporate ParkIrvine, CA 92606

www.ual.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

93rd percentile

0.64x

Higher debt load relative to assets than 93% of similar nonprofits.

501(c)9 • $250M-$1B nonprofits • Source year 2024

Liabilities / Revenue

84th percentile

0.26x

Higher debt load relative to revenue than 84% of similar nonprofits.

501(c)9 • $250M-$1B nonprofits • Source year 2024

Net Margin

57th percentile

6.9%

Higher net margin than 57% of similar nonprofits.

501(c)9 • $250M-$1B nonprofits • Source year 2024

Top Officer Pay

67th percentile

$175,468

Higher top officer pay than 67% of similar nonprofits.

Top officer pay equals 0.1% of source-year revenue.

501(c)9 • $250M-$1B nonprofits • Source year 2024

Asset Growth

90th percentile

22%

Faster asset growth than 90% of similar nonprofits.

501(c)9 • $250M-$1B nonprofits • Annualized from 2023 to 2024

Revenue Growth

39th percentile

5.1%

Faster revenue growth than 39% of similar nonprofits.

501(c)9 • $250M-$1B nonprofits • Annualized from 2023 to 2024

Assets

Up

$105,425,987

Up $43,696,699 (+71%) from 2022

Liabilities

Up

$67,176,921

Up $11,688,550 (+21%) from 2022

Net Assets

Up

$38,249,066

Up $32,008,149 (+513%) from 2022

Revenue

Up

$254,539,856

Up $23,498,992 (+10%) from 2022

Expenses

Up

$237,103,452

Up $10,738,651 (+4.7%) from 2022

Net Income

Up

$17,436,404

Up $12,760,341 (+273%) from 2022

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$150M$100M$50M$0Assets 2010: $21,754,839Liabilities 2010: $10,579,450Net Assets 2010: $11,175,3892010Assets 2011: $24,517,237Liabilities 2011: $11,189,663Net Assets 2011: $13,327,5742011Assets 2014: $48,113,604Liabilities 2014: $20,955,869Net Assets 2014: $27,157,7352014Assets 2015: $55,925,221Liabilities 2015: $24,370,017Net Assets 2015: $31,555,2042015Assets 2016: $65,554,266Liabilities 2016: $26,291,920Net Assets 2016: $39,262,3462016Assets 2017: $74,830,303Liabilities 2017: $45,755,455Net Assets 2017: $29,074,8482017Assets 2019: $66,128,858Liabilities 2019: $54,157,541Net Assets 2019: $11,971,3172019Assets 2022: $61,729,288Liabilities 2022: $55,488,371Net Assets 2022: $6,240,9172022Assets 2024: $105,425,987Liabilities 2024: $67,176,921Net Assets 2024: $38,249,0662024

Highlighted filing

2024

Assets$105,425,987
Liabilities$67,176,921
Net Assets$38,249,066

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$300M$200M$100M$0-$100MExpenses 2010: $53,923,5922010Expenses 2011: $53,060,8932011Revenue 2014: $89,552,462Expenses 2014: $95,420,627Net Income 2014: -$5,868,1652014Revenue 2015: $106,444,370Expenses 2015: $102,046,901Net Income 2015: $4,397,4692015Revenue 2016: $128,831,243Expenses 2016: $121,124,101Net Income 2016: $7,707,1422016Revenue 2017: $155,698,203Expenses 2017: $165,885,701Net Income 2017: -$10,187,4982017Revenue 2019: $200,097,202Expenses 2019: $203,831,576Net Income 2019: -$3,734,3742019Revenue 2022: $231,040,864Expenses 2022: $226,364,801Net Income 2022: $4,676,0632022Revenue 2024: $254,539,856Expenses 2024: $237,103,452Net Income 2024: $17,436,4042024

Highlighted filing

2024

Revenue$254,539,856
Expenses$237,103,452
Net Income$17,436,404

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Oct 30, 2025
Return Version
2024v5.2
Gross Receipts
$263,256,617
Mission and Program Overview

Mission

UABT provides health dental vision and life insurance benefits to employees and the dependents of employer members of United Agribusiness League

Uabt provides health, dental, and vision benefits, as well as life insurance to employees and the dependents of employer members of united agribusiness league.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$55,491,272$86,676,878▲ $31,185,606
Rtn Earn Endowment Incm Other Fnds$22,451,497$38,249,066▲ $15,797,569
Savings and Temporary Cash Investments$20,479,323$9,302,707▼ $11,176,616
Accounts Receivable$8,815,024$7,505,492▼ $1,309,532
Prepaid Expenses and Deferred Charges$645,832$980,920▲ $335,088
Land, Buildings, and Equipment, Net$1,008,111$959,990▼ $48,121
Total Assets$86,439,562$105,425,987▲ $18,986,425
Liabilities
Other Liabilities$49,909,986$53,024,346▲ $3,114,360
Deferred Revenue$10,729,471$11,290,714▲ $561,243
Accounts Payable and Accrued Expenses$3,348,608$2,861,861▼ $486,747
Total Liabilities$63,988,065$67,176,921▲ $3,188,856
Net Assets / Fund Balance
Total Net Assets Fund Balance$22,451,497$38,249,066▲ $15,797,569
Total Liabilities and Net Assets / Fund Balance$86,439,562$105,425,987▲ $18,986,425

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$260,417$739,583$1,000,000
Leasehold Improvements$197,646$348,958$546,603
Land$500,000-$500,000
Equipment$1,928$386,641$388,569
Other Land Buildings-$107,938$107,938
Compensation and Service Providers

Employees

NameTitleBaseTotal
Bank of AmericaTrustee$175,468$175,468

Board Members and Trustees

NameTitle
Pat ReganChairman
Danielle McshaneVice Chairman
Allan TeixeiraTrustee
Craig WaiteTrustee
Michael HeisingerTrustee
Steve ChurchTrustee
A J CisneyTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Brent Eastman Ins Services INC-51 KATHERINE AVE, Salinas, CA 93901$1,612,858
Nikssarian Ins Services-700 CAMINO EL ESTERO, Monterey, CA 94025$1,175,516
Moore Insurance Services-2967 DAVISON CT STE C, Colusa, CA 95932$1,049,802
Saltzman Assoc Ins Services-3924 W CALDWELL AVE STE, Visalia, CA 93277$871,706
Morris Garritano Ins Agency-1122 LAUREL LANE, San Luis Obispo, CA 93401$787,737
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$250,579,175
Investment Income
$3,687,581
Other Revenue
$273,100
Change in Net Assets
$17,436,404

Audited Revenue Reconciliation

Revenue per Audited Statements
$256,055,195
Total Revenue per Audited Statements
$256,055,195
Total Revenue per Form 990
$256,055,195
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$31,771,323
Salaries, Compensation, and Employee Benefits$175,468
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Benefits to Members$205,156,661--$205,156,661
Fees for Services Management$16,600,000--$16,600,000
Information Technology$306,593--$306,593
Current Officers, Directors, Trustees, and Key Employees-$175,468-$175,468
All Other Expenses$12,231$94,726-$106,957
Insurance$100,232--$100,232
Other Expenses$91,755$1,094,277-$91,755
Fees for Services Accounting$58,801--$58,801
Fees for Services Legal$18,024--$18,024
Depreciation Depletion---$8,308
Total Functional Expenses$235,730,673$1,364,471$0$237,103,452

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$237,143,267
Total Expenses per Audited Statements$237,143,267
Total Expenses per Form 990$237,143,267
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Incurred But Not Paid$53,024,346
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11-description of Process for Review

Form 990 is prepared for the controller's review. It is then submitted to the plan's general counsel for review prior to submission. The board of trustees are provided a copy after submission.

EXPLANATION FOR FORM 990, PAGE 6, PART VI, LINE 12C

The General Counsel reviews potential conflicts with the Board members. The General Counsel also attends all meetings and ensures that any Board member with a conflict on an issue abstains on the issue and cannot influence other Board members on the issue.

Form 990, Page 6, Part VI, Line 19

The trust's governing documents, conflict of interest policy and financial statements are available to the public upon request to the plan administrator.

Filing and Contact Details

Filer

Filer Name
United Agricultural Benefit Trust
EIN
33-0013118
Phone
8888663275
Address
54 CORPORATE PARK, IRVINE, CA 92606

Signing Officer

Name
Bank of America N a
Title
Managing Director
Phone
8888663275
Signed
2025-10-30

Organization Details

Formed
1983
Legal Domicile
CA
Voting Board Members
7
Independent Board Members
7
Employees
0
Supplemental Narrative

Additional Explanations

Explanation for Form 990, Part XI, Line 9

Claims payable adjustment: $3,114,360.

Raw XML AppendixShowing 400 of 425 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/OtherExpensesGrp/ProgramServicesAmt291755
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IRS990/OtherExpensesGrp/TotalAmt11094277
IRS990/OtherExpensesGrp/TotalAmt2139733
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IRS990ScheduleD/EquipmentGrp/BookValueAmt01928
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0386641
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IRS990ScheduleD/TotalExpensesPerForm990Amt0237143267
IRS990ScheduleD/TotalLiabilityAmt053024346
IRS990ScheduleD/TotalRevenuePerForm990Amt0256055195
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FORM 990 IS PREPARED FOR THE CONTROLLER'S REVIEW. IT IS THEN SUBMITTED TO THE PLAN'S GENERAL COUNSEL FOR REVIEW PRIOR TO SUBMISSION. THE BOARD OF TRUSTEES ARE PROVIDED A COPY AFTER SUBMISSION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The General Counsel reviews potential conflicts with the Board members. The General Counsel also attends all meetings and ensures that any Board member with a conflict on an issue abstains on the issue and cannot influence other Board members on the issue.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE TRUST'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST TO THE PLAN ADMINISTRATOR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3CLAIMS PAYABLE ADJUSTMENT: $3,114,360.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11-DESCRIPTION OF PROCESS FOR REVIEW
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1EXPLANATION FOR FORM 990, PAGE 6, PART VI, LINE 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3EXPLANATION FOR FORM 990, PART XI, LINE 9
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