Intel Corporation Health & Welfare Benefit Trust in Santa Clara, California (CA)

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Intel Corporation Health & Welfare Benefit Trust
Employer Identification Number (EIN)942859321
Name of OrganizationIntel Corporation Health & Welfare Benefit Trust
Address2200 Mission College Blvd Rnb 5-125, Santa Clara, CA 95054-1537
ActivitiesNon-exempt charitable trust described in section 4947(a)(1) of the Code
SubsectionVoluntary Employees' Beneficiary Association (Non-Govt. Emps.)
Ruling Date10/1984
FoundationAll organizations except 501(c)(3)
Exempt Organization StatusUnconditional Exemption
Tax Period12/2013
Assets$10,000,000 to $49,999,999
Income$50,000,000 to greater
Filing Requirement990 (all other) or 990EZ return
Asset Amount$12,527,224
Amount of Income$624,657,061
Form 990 Revenue Amount$624,657,061
National Taxonomy of Exempt Entities (NTEE)Mutual/Membership Benefit Organizations, Other: Insurance Providers, Services


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Amount of income in 2013: $624,657,061
Intel Corporation Health & Welfare Benefit Trust: 

 $624,657,061
Other organizations performing similar types of work: 

 $637,869

Assets in 2013: $12,527,224
Intel Corporation Health & Welfare Benefit Trust: 

 $12,527,224
Other organizations performing similar types of work: 

 $1,290,900

Expenses in 2012: $602,024,269
Intel Corporation Health & Welfare Benefit Trust: 

 $602,024,269
Other organizations performing similar types of work: 

 $332,585

Income to expenses ratio in 2012: 1.0
Intel Corporation Health & Welfare Benefit Trust: 

 1.0
Other organizations performing similar types of work: 

 1.2

Financial snapshot ($)

Revenue for 2012

Statements Regarding Other IRS Filings and Tax Compliance (for 2012)
Did the organization have unrelated business gross income of $1,000 or more during the year?No
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities $0
Gross income from members or shareholders$0
Gross income from other sources$0
Statement of Revenue (for 2012)
Total revenue$604,643,439
Contributions, Gifts, Grants and Other Similar Amounts$0
Program Service Revenue$604,598,674
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$44,765
Income from investment of tax-exempt bond proceeds$0
Royalties$0
Net rental income$0
Net gain from sales of assets other than inventory$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous Revenue$0
Statement of Functional Expenses (for 2012)
Total functional expenses$602,024,269
Compensation of current officers, directors, trustees, and key employees$0
Other salaries and wages$0
Payroll taxes$0
Professional fundraising services$0
Other$602,024,269
Balance Sheet (for 2012)
Total assets$30,927,764
Total liabilities$7,746,369
Tax-exempt bond liabilities$0
Secured mortgages and notes payable to unrelated third parties$0
Unsecured notes and loans payable to unrelated third parties$0
Other$7,746,369
Total net assets or fund balances$23,181,395
Retained earnings, endowment, accumulated income, or other funds$0
Reason for Public Charity Status (for 2012)
The organization is not a private foundation because it is:Not provided
Revenue, Expenses, and Changes in Net Assets or Fund Balances
20002001200220032004200520062007
Total revenue$227,331,000$298,096,459$349,338,432$356,705,527$394,022,482$426,205,872$484,776,926$496,403,620
Contributions, gifts, grants, and similar amounts received$0$0$0$0$0$0$0$0
Contributions to donor advised funds$0$0
Direct public support$0$0$0$0$0$0$0$0
Indirect public support$0$0$0$0$0$0$0$0
Government contributions (grants)$0$0$0$0$0$0$0$0
Program service revenue including government fees and contracts$224,855,000$296,056,791$348,575,820$356,502,365$393,812,572$425,499,882$483,644,569$494,752,471
Membership dues and assessments$0$0$0$0$0$0$0$0
Interest on savings and temporary cash investments$2,476,000$2,039,668$762,612$203,162$209,910$705,990$1,132,357$1,651,149
Dividends and interest from securities$0$0$0$0$0$0$0$0
Net rental income or (loss)$0$0$0$0$0$0$0$0
Gross rents$0$0$0$0$0$0$0$0
Less: rental expenses$0$0$0$0$0$0$0$0
Other investment income$0$0$0$0$0$0$0$0
Gain or (loss) from sales of assets other than inventory$0$0$0$0$0$0$0$0
Gross amount from sales of assets other than inventory$0$0$0$0$0$0$0$0
Less: cost or other basis and sales expenses$0$0$0$0$0$0$0$0
Net income or (loss) from special events and activities$0$0$0$0$0$0$0$0
Gross revenue$0$0$0$0$0$0$0$0
Less: direct expenses other than fundraising expenses$0$0$0$0$0$0$0$0
Gross profit or (loss) from sales of inventory$0$0$0$0$0$0$0$0
Gross sales of inventory, less returns and allowances$0$0$0$0$0$0$0$0
Less: cost of goods sold$0$0$0$0$0$0$0$0
Other revenue$0$0$0$0$0$0$0$0
Total expenses$228,348,000$297,115,092$340,078,616$360,577,562$394,723,298$423,599,624$491,076,008$484,482,537
Program services$0$0$0$0$0$0$0$0
Management and general$0$0$0$0$0$0$0$0
Fundraising$0$0$0$0$0$0$0$0
Payments to affiliates$0$0$0$0$0$0$0$0
Net assets or fund balances at end of year$-1,128,000$-146,138$9,027,687$5,046,780$9,785,021$12,391,269$6,092,187$18,013,270
Excess or (deficit) for the year$-1,017,000$981,367$9,259,816$-3,872,035$-700,816$2,606,248$-6,299,082$11,921,083
Net assets or fund balances at beginning of year$-111,000$-1,128,000$-146,138$9,027,687$10,485,837$9,785,021$12,391,269$6,092,187
Other changes in net assets or fund balances$0$495$-85,991$-108,872$0$0$0$0
Statement of Functional Expenses (for 2007)
TotalProgram servicesManagement and generalFundraising
Total functional expenses$484,482,537$0$0$0
Grants paid from donor advised funds$0
Other grants and allocations$0
Specific assistance to individuals$0
Benefits paid to or for members$455,685,655
Compensation of current officers, directors, key employees, etc.$0$0$0$0
Compensation of former officers, directors, key employees, etc.$0$0$0$0
Compensation and other distributions, not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0$0$0
Salaries and wages of employees not included above$0$0$0$0
Pension plan contributions not included above$0$0$0$0
Employee benefits not included above$0$0$0$0
Payroll taxes$0$0$0$0
Professional fundraising fees$0$0$0$0
Accounting fees$0$0$0$0
Legal fees$0$0$0$0
Supplies$0$0$0$0
Telephone$0$0$0$0
Postage and shipping$0$0$0$0
Occupancy$0$0$0$0
Equipment rental and maintenance$0$0$0$0
Printing and publications$0$0$0$0
Travel$0$0$0$0
Conferences, conventions, and meetings$0$0$0$0
Interest$0$0$0$0
Depreciation, depletion, etc.$0$0$0$0
Other expenses not covered above$28,796,882$0$0$0
Balance Sheets
20002001200220032004200520062007
Total assets$4,806,000$7,547,629$17,146,372$14,514,862$17,480,029$21,060,627$18,944,931$26,715,627
Cash - non-interest-bearing$4,642,000$11,000$0$0$0$0$116,032$0
Savings and temporary cash investments$164,000$7,536,629$17,146,372$14,514,862$13,447,457$19,399,377$13,608,185$19,535,458
Accounts receivable less allowance for doubtful accounts$0$0$0$0$0$0$0$0
Pledges receivable less allowance for doubtful accounts$0$0$0$0$0$0$0$0
Grants receivable$0$0$0$0$4,032,572$1,442,310$4,968,890$5,231,921
Receivables from current and former officers, directors, trustees, and key employees$0$0$0$0$0$0$0$0
Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0
Other notes and loans receivable less allowance for doubtful accounts$0$0$0$0$0$0$0$0
Inventories for sale or use$0$0$0$0$0$0$0$0
Prepaid expenses and deferred charges$0$0$0$0$0$0$144,925$309,889
Investments - publicly-traded securities$0$0
Investments - other securities$0$0$0$0$0$0$0$0
Investments - land, buildings, and equipment less accumulated depreciation$0$0$0$0$0$0$0$0
Investments - other$0$0$0$0$0$0$0$0
Land, buildings, and equipment less accumulated depreciation$0$0$0$0$0$0$0$0
Other assets, including program-related investments$0$0$0$0$0$218,940$106,899$1,638,359
Total liabilities$5,934,000$7,693,767$8,118,685$9,468,082$7,695,008$8,669,358$12,852,744$8,702,357
Accounts payable and accrued expenses$0$7,693,767$8,118,685$9,468,082$107,932$99,268$2,213,795$540,491
Grants payable$0$0$0$0$0$0$0$0
Deferred revenue$0$0$0$0$0$0$0$0
Loans from officers, directors, trustees, and key employees$0$0$0$0$0$0$0$0
Tax-exempt bond liabilities$0$0$0$0$0$0$0$0
Mortgages and other notes payable$0$0$0$0$7,587,076$8,570,090$10,638,949$8,161,866
Other liabilities$5,934,000$0$0$0$0$0$0$0
Total liabilities and net assets/fund balances$4,806,000$7,547,629$17,146,372$14,514,862$17,480,029$21,060,627$18,944,931$26,715,627
Total net assets or fund balances$-1,128,000$-146,138$9,027,687$5,046,780$9,785,021$12,391,269$6,092,187$18,013,270
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
20002001200220032004200520062007
Total revenue$0$0$0$0$394,022,482$426,205,872$484,776,926$496,403,620
Total revenue, gains, and other support per audited financial statements$0$0$0$0$394,022,482$426,205,872$484,776,926$496,403,620
Other expenses$0$0$0$0$0$0$0$0
Net unrealized gains on investments$0$0$0$0$0$0$0$0
Donated services and use of facilities$0$0$0$0$0$0$0$0
Recoveries of prior year grants$0$0$0$0$0$0$0$0
Other$0$0$0$0$0$0$0$0
Other revenue$0$0$0$0$0$0$0$0
Investment expenses$0$0$0$0$0$0$0$0
Other$0$0$0$0$0$0$0$0
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
20002001200220032004200520062007
Total expenses$0$0$0$0$394,723,298$423,599,627$491,076,008$484,482,537
Total expenses and losses per audited financial statements$0$0$0$0$394,723,298$423,599,624$491,076,008$484,482,537
Other revenue$0$0$0$0$0$0$0$0
Donated services and use of facilities$0$0$0$0$0$0$0$0
Prior year adjustments$0$0$0$0$0$0$0$0
Losses$0$0$0$0$0$0$0$0
Other$0$0$0$0$0$0$0$0
Other expenses$0$0$0$0$0$0$0$0
Investment expenses$0$0$0$0$0$0$0$0
Other$0$0$0$0$0$0$0$0
Current Officers, Directors, Trustees, and Key Employees
Total number of officers, directors, and trustees permitted to vote on organization business at board meetings0
Are any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, related to each other through family or business relationships?No
Do any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, receive compensation from any other organizations, whether tax exempt or taxable, that are related to the organization?No
Does the organization have a written conflict of interest policy?No
Other Information
Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return, and has it filed a tax return on Form 990-T for this year?No
Was there a liquidation, dissolution, termination, or substantial contraction during the year?No
Is the organization related (other than by association with a statewide or nationwide organization) through common membership, governing bodies, trustees, officers, etc., to any other exempt or nonexempt organization?Yes
Direct and indirect political expenditures$0
Did the organization file Form 1120-POL for this year?No
Were substantially all dues nondeductible by members?
Did the organization make only in-house lobbying expenditures of $2,000 or less?
Dues, assessments, and similar amounts from members$0
Section 162(e) lobbying and political expenditures$0
Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices$0
Taxable amount of lobbying and political expenditures$0
Does the organization elect to pay the section 6033(e) tax on the amount above?
If section 6033(e)(1)(A) dues notices were sent, does the organization agree to add the amount above to its reasonable estimate of dues allocable to nondeductible lobbying and political expenditures for the following tax year?
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
At any time during the year, did the organization, directly or indirectly, own a controlled entity within the meaning of section 512(b)(13)?No
Amount of tax imposed on the organization during the year under: section 4911$0
Amount of tax imposed on the organization during the year under: section 4912$0
Amount of tax imposed on the organization during the year under: section 4955$0
Did the organization engage in any section 4958 excess benefit transaction during the year or did it become aware of an excess benefit transaction from a prior year?
Amount of tax imposed on the organization managers or disqualified persons during the year under sections 4912, 4955, and 4958$0
Amount of tax above, reimbursed by the organization$0
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?No
Did the organization acquire a direct or indirect interest in any applicable insurance contract?No
Did the supporting organization, or a fund maintained by a sponsoring organization, have excess business holdings at any time during the year?No
Number of employees employed in the pay period that includes March 12, 20060
Analysis of Income-Producing Activities (for 2007)
Unrelated business incomeExcluded by section 512, 513, or 514Related or exempt function income
Business codeAmountExclusion codeAmount
Total$0$1,651,149$494,752,471
Program service revenue
Program service revenue 1000000$000$0$380,000,000
Program service revenue 2000000$000$0$114,752,471
Program service revenue 3000000$000$0$0
Program service revenue 4000000$000$0$0
Program service revenue 5000000$000$0$0
Medicare/Medicaid payments000000$000$0$0
Fees and contracts from government agencies000000$000$0$0
Membership dues and assessments000000$000$0$0
Interest on savings and temporary cash investments000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$1,651,149$0
Dividends and interest from securities000000$000$0$0
Net rental income or (loss) from real estate
debt-financed property000000$000$0$0
not debt-financed property000000$000$0$0
Net rental income or (loss) from personal property000000$000$0$0
Other investment income000000$000$0$0
Gain or (loss) from sales of assets other than inventory000000$000$0$0
Net income or (loss) from special events000000$000$0$0
Gross profit or (loss) from sales of inventory000000$000$0$0
Other revenue000000$000$0$0
Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2007)
EIN of corporation, partnership, or disregarded entityPercentage of ownership interestTotal incomeEnd-of-year assets
0%$0$0
0%$0$0
0%$0$0
0%$0$0
Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (for 2007)
CompensationContributions to employee benefit plans & deferred compensationExpense account and other allowances
$0$0$0
$0$0$0
$0$0$0
$0$0$0
$0$0$0
Total number of other employees paid over $50,0000
Statements About Activities (for 2007)
Expenses paid or incurred in connection with the lobbying activities$0
Did the organization receive or hold an easement for conservation purposes, including easements to preserve open space, the environment, historic land areas or historic structures?
Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services?
Did the organization maintain any donor advised funds?
Did the organization make any taxable distributions under section 4966?
Did the organization make a distribution to a donor, donor advisor, or related person?
The total number of donor advised funds owned at the end of the tax year$0
The aggregate value of assets held in all donor advised funds owned at the end of the tax year$0
The total number of separate funds or accounts owned at the end of the tax year (excluding donor advised funds included above) where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts$0
The aggregate value of assets held in all funds or accounts included above at the end of the tax year$0
Reason for Non-Private Foundation Status
The organization is not a private foundation because it is
Support Schedule
19992000200120022003200420052006
Total$0$0$0$0$0$0$0$0
Gifts, grants, and contributions received$0$0$0$0$0$0$0$0
Membership fees received$0$0$0$0$0$0$0$0
Gross receipts from admissions, merchandise sold or services performed, or furnishing of facilities in any activity that is related to the organization's charitable, etc., purpose$0$0$0$0$0$0$0$0
Gross income from interest, dividends, amounts received from payments on securities loans (section 512(a)(5)), rents, royalties, and unrelated business taxable income (less section 511 taxes) from businesses acquired by the organization after June 30, 1975$0$0$0$0$0$0$0$0
Net income from unrelated business activities not included above$0$0$0$0$0$0$0$0
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf$0$0$0$0$0$0$0$0
The value of services or facilities furnished to the organization by a governmental unit without charge. Do not include the value of services or facilities generally furnished to the public without charge$0$0$0$0$0$0$0$0
Other income$0$0$0$0$0$0$0$0
Lobbying Expenditures by Electing Public Charities (for 2007)
Total exempt purpose expenditures$0
Total lobbying expenditures$0
Total lobbying expenditures to influence public opinion (grassroots lobbying)$0
Total lobbying expenditures to influence a legislative body (direct lobbying)$0
Other exempt purpose expenditures$0
Lobbying nontaxable amount$0
Grassroots nontaxable amount$0
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Intel Corporation Health & Welfare Benefit Trust2200 Mission College Blvd Rnb 5-125, Santa Clara, CA 95054-1537CA1984-10$624,657,061
2Dignity Health Workers Compensation Self-Insurance Trust, United States Cath Conf185 Berry Street, San Francisco, CA 94107-5705CA1988-07$172,947,501
3University Of Missouri Medical Professional Liability TrPO BOX 1802, Providence, RI 02901-1802RI1978-09$17,333,283
4Abag Plan CorporationPO BOX 2050, Oakland, CA 94604-2050CA1988-08$9,726,043
5Amalgamated Fund Administrators Inc333 Westchester Ave, White Plains, NY 10604-2910NY1995-04$47,941,420
6Midwestern Pennsylvania School453 Maple St, Grove City, PA 16127-2324PA$8,867,724
7Spartan Radiocasting Company Health And Welfare Benefits Trust, Evans Nick W And B G Bunting TteesPO BOX 1717, Spartanburg, SC 29304-1717SC1992-11$2,207,811
8South Shore Hospital Malpractice Liability Trust 14-00042-66111 N River Rd 8th Fl, Rosemont, IL 60018-5158IL1983-02$2,098,475
9California Thoroughbred Horsemens Foundation101 W Huntington Dr, Arcadia, CA 91007-3001CA1984-01$2,005,835
10West Jersey Health System Workers Compensation Tr401 Rt 73n 50 Lake Ctr No 400, Marlton, NJ 08053NJ1992-11$900,048
11University Insurance Association780 Regent St Ste 224, Madison, WI 53715-2635WI1940-03$637,869
12Young Mens Institute, 612 GonzagaPO BOX 1041, Richmond, IN 47375-1041IN1941-02$455,192
13Frank Nelson Memorial Sick And Benefit Fund Of Aftra Inc5757 Wilshire Blvd Ph 9, Los Angeles, CA 90036-3681CA1989-03$428,379
14Virginia Regional Medical Center Workers Compensation TrustPO BOX 64713, Saint Paul, MN 55164-0713MN1989-01$401,196
15Smith Newspapers Group Employee Benefit TrPO BOX 680027, Fort Payne, AL 35968-1600AL$388,303
16Tri-County Farmers Mutual Insurance CompanyratedPO BOX 1610, Malta, MT 59538-1610MT1943-06$315,790
17The Lifequest Workers Compensation Trust Agreement2460 John Fries Hwy, Quakertown, PA 18951-2259PA1989-10$291,774
18Westmoreland Hospital Employees Charitable Trust Fund532 W Pittsburgh St, Greensburg, PA 15601-2239PA1966-12$276,750
19Peter Pepper Products Inc, Vol Empl Bene Assoc Tr17929 S Susana Rd, Compton, CA 90221-5520CA1988-07$234,562
20California Disability Services Institute428 J Street 550, Sacramento, CA 95814CA1976-04$45,415
Number of organizations performing similar types of work
Alabama1
Arizona1
California7
Colorado1
Connecticut1
Florida4
Hawaii1
Iowa2
Illinois6
Indiana2
Kansas1
Kentucky1
Massachusetts5
Michigan2
Minnesota4
Missouri1
Montana1
North Carolina3
Nebraska1
New Jersey5
New York11
Ohio2
Oklahoma1
Pennsylvania17
Rhode Island2
South Carolina4
Tennessee2
Texas2
Virginia1
Washington1
Wisconsin5
West Virginia2
Total100

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