Civic Intelligence

Idaho School District Council Self-Funded Benefit Trust

990 • Fiscal year 2020 • EIN 47-1372682

Sep 01, 2019 to Aug 31, 2020 • Filed on May 25, 2021

777 S Latah StBoise, ID 83705

(208) 338-0427

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

87th percentile

0.50x

Higher debt load relative to assets than 87% of similar nonprofits.

2020 filings • 501(c)9 • $100M-$250M nonprofits • Source year 2020

Liabilities / Revenue

65th percentile

0.12x

Higher debt load relative to revenue than 65% of similar nonprofits.

2020 filings • 501(c)9 • $100M-$250M nonprofits • Source year 2020

Net Margin

50th percentile

3.7%

Higher net margin than 50% of similar nonprofits.

2020 filings • 501(c)9 • $100M-$250M nonprofits • Source year 2020

Top Officer Pay

45th percentile

$11,917

Higher top officer pay than 45% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2020 filings • 501(c)9 • $100M-$250M nonprofits • Source year 2020

Asset Growth

71st percentile

14%

Faster asset growth than 71% of similar nonprofits.

2020 filings • 501(c)9 • $100M-$250M nonprofits • Annualized from 2019 to 2020

Revenue Growth

79th percentile

7.9%

Faster revenue growth than 79% of similar nonprofits.

2020 filings • 501(c)9 • $100M-$250M nonprofits • Annualized from 2019 to 2020

Assets

Up

$43,574,346

Up $5,231,001 (+14%) from 2019

Net Assets

Up

$21,911,683

Up $6,569,764 (+43%) from 2019

Liabilities

Down

$21,662,663

Down $1,338,763 (-5.8%) from 2019

Revenue

Up

$177,904,218

Up $13,042,885 (+7.9%) from 2019

Expenses

Down

$171,334,454

Down $4,773,613 (-2.7%) from 2019

Net Income

Up

$6,569,764

Up $17,816,498 (+158%) from 2019

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$60M$40M$20M$0Assets 2015: $1Liabilities 2015: $0Net Assets 2015: $02015Assets 2016: $23,716,158Liabilities 2016: $12,951,754Net Assets 2016: $10,764,4042016Assets 2017: $32,318,138Liabilities 2017: $15,688,881Net Assets 2017: $16,629,2572017Assets 2018: $38,115,661Liabilities 2018: $16,676,377Net Assets 2018: $21,439,2842018Assets 2019: $38,343,345Liabilities 2019: $23,001,426Net Assets 2019: $15,341,9192019Assets 2020: $43,574,346Liabilities 2020: $21,662,663Net Assets 2020: $21,911,6832020Assets 2021: $54,017,370Liabilities 2021: $31,523,847Net Assets 2021: $22,493,5232021Assets 2022: $43,260,585Liabilities 2022: $25,695,396Net Assets 2022: $17,565,1892022Assets 2023: $37,103,204Liabilities 2023: $21,962,256Net Assets 2023: $15,140,9482023Assets 2024: $30,609,629Liabilities 2024: $19,454,974Net Assets 2024: $11,154,6552024

Highlighted filing

2020

Assets$43,574,346
Liabilities$21,662,663
Net Assets$21,911,683

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$200M$100M$0-$100MRevenue 2015: $0Expenses 2015: $0Net Income 2015: $02015Revenue 2016: $119,581,224Expenses 2016: $115,316,820Net Income 2016: $4,264,4042016Revenue 2017: $144,406,306Expenses 2017: $138,541,453Net Income 2017: $5,864,8532017Revenue 2018: $156,950,023Expenses 2018: $152,139,996Net Income 2018: $4,810,0272018Revenue 2019: $164,861,333Expenses 2019: $176,108,067Net Income 2019: -$11,246,7342019Revenue 2020: $177,904,218Expenses 2020: $171,334,454Net Income 2020: $6,569,7642020Revenue 2021: $181,053,570Expenses 2021: $180,471,730Net Income 2021: $581,8402021Revenue 2022: $193,351,752Expenses 2022: $198,280,086Net Income 2022: -$4,928,3342022Revenue 2023: $167,553,722Expenses 2023: $169,977,963Net Income 2023: -$2,424,2412023Revenue 2024: $171,002,625Expenses 2024: $174,988,918Net Income 2024: -$3,986,2932024

Highlighted filing

2020

Revenue$177,904,218
Expenses$171,334,454
Net Income$6,569,764
Jump To
Filing Snapshot
Filing Period
Sep 1, 2019 to Aug 31, 2020
Signed
May 25, 2021
Return Version
2019v5.0
Gross Receipts
$177,904,218
Mission and Program Overview

Mission

The purpose of the idaho school benefit trust is to provide certain self-funded health and welfare benefits on behalf of and for the benefit of the participants and their dependents of school districts, charter schools, and education realted organizations.

The purpose of the idaho school district council self-funded benefit trust is to provide certain self-funded health and welfare benefits on behalf of and for the benefit of the participants and their dependents of school districts, charter schools, and education-related organizations.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$7,033,373$21,164,725▲ $14,131,352
Accounts Receivable$11,956,258$7,574,731▼ $4,381,527
Prepaid Expenses and Deferred Charges$112,900--
Total Assets$38,343,345$43,574,346▲ $5,231,001
Other Assets Total$19,240,814$14,834,890▼ $4,405,924
Liabilities
Other Liabilities$18,412,462$16,890,027▼ $1,522,435
Accounts Payable and Accrued Expenses$4,588,964$4,772,636▲ $183,672
Total Liabilities$23,001,426$21,662,663▼ $1,338,763
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$15,341,919$21,911,683▲ $6,569,764
Total Net Assets Fund Balance$15,341,919$21,911,683▲ $6,569,764
Total Liabilities and Net Assets / Fund Balance$38,343,345$43,574,346▲ $5,231,001

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$14,834,890--
Compensation and Service Providers

Employees

NameTitleBaseTotal
Darren UrangaTrustee/trea$11,917$11,917

Board Members and Trustees

NameTitle
Michael FriendBoard Chair
Gordon WoolleyBoard Vice-c
Chuck KinseyTrustee
Gaylen SmyerTrustee
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$169,722,881
Investment Income
$461,348
Other Revenue
$7,719,989
Change in Net Assets
$6,569,764

Audited Revenue Reconciliation

Revenue per Audited Statements
$177,904,218
Total Revenue per Audited Statements
$177,904,218
Total Revenue per Form 990
$177,904,218
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$19,318,645
Salaries, Compensation, and Employee Benefits$11,917
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Benefits to Members$152,003,892--$152,003,892
Fees for Services Management-$15,701,717-$15,701,717
Insurance-$2,487,645-$2,487,645
Fees for Services Other-$638,472-$638,472
Fees for Services Legal-$25,678-$25,678
Fees for Services Accounting-$17,105-$17,105
Current Officers, Directors, Trustees, and Key Employees-$11,917-$11,917
Travel-$10,026-$10,026
Other Expenses-$1,049-$1,049
Total Functional Expenses$152,003,892$19,330,562$0$171,334,454

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$171,334,454
Total Expenses per Audited Statements$171,334,454
Total Expenses per Form 990$171,334,454
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
Accrued Claims and Ibnr$9,027,077
Deferred Revenue$7,862,950
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
No
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 11B

The board reviews and a designated trustee signs the return before it is filed.

Form 990, Page 6, Part VI, Line 19

The governing documents and financial statements are available to the public upon written request.

Filing and Contact Details

Filer

Filer Name
Idaho School Benefit Trust
EIN
47-1372682
Phone
2083380427
Address
777 S LATAH ST, BOISE, ID 83705

Signing Officer

Name
Michael Friend
Title
Board Chair
Phone
2083380427
Signed
2021-05-25
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Darren Uranga
Formed
2014
Legal Domicile
Id
Voting Board Members
5
Independent Board Members
5
Employees
0

Preparer

Firm
Grow Rasmussen Llp
Address
12550 W EXPLORER DR STE 200, BOISE, ID 83713
Preparer
Matthew P Grow CPA
Phone
2083751771
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

The purpose of the idaho school district council self-funded benefit trust is to provide certain self-funded health and welfare benefits on behalf of and for the benefit of the participants and their dependents of school districts, charter schools, and education-related organizations.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE PURPOSE OF THE IDAHO SCHOOL DISTRICT COUNCIL SELF-FUNDED BENEFIT TRUST IS TO PROVIDE CERTAIN SELF-FUNDED HEALTH AND WELFARE BENEFITS ON BEHALF OF AND FOR THE BENEFIT OF THE PARTICIPANTS AND THEIR DEPENDENTS OF SCHOOL DISTRICTS, CHARTER SCHOOLS, AND EDUCATION-RELATED ORGANIZATIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD REVIEWS AND A DESIGNATED TRUSTEE SIGNS THE RETURN BEFORE IT IS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
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