Metropolitan School District Of Wayne Township Veba Plan And Tr in Indianapolis, Indiana (IN)

Metropolitan School District Of Wayne Township Veba Plan And Tr
Employer Identification Number (EIN)	203218598
Name of Organization	Metropolitan School District Of Wayne Township Veba Plan And Tr
In Care of Name	Community Tr & Investment Co Ttee
Address	1220 S High School Rd, Indianapolis, IN 46241-3127
Subsection	Voluntary Employees' Beneficiary Association (Govt. Emps.)
Ruling Date	01/2007
Deductibility	Contributions are not deductible
Foundation	All organizations except 501(c)(3)
Organization	Trust
Exempt Organization Status	Unconditional Exemption
Tax Period	2012
Assets	$10,000,000 to $49,999,999
Income	$10,000,000 to $49,999,999
Filing Requirement	990 - Not required to file (all other)
Asset Amount	$19,240,929
Amount of Income	$4,483,439
Form 990 Revenue Amount	$4,483,439
National Taxonomy of Exempt Entities (NTEE)	Mutual/Membership Benefit Organizations, Other: Voluntary Employees Beneficiary Associations (Government)

Non-representatives - add comments:

Amount of income in 2012: $4,483,439

Metropolitan School District Of Wayne Township Veba Plan And Tr:	$4,483,439
Other organizations performing similar types of work:	$819,863

Assets in 2012: $19,240,929

Metropolitan School District Of Wayne Township Veba Plan And Tr:	$19,240,929
Other organizations performing similar types of work:	$1,291,331

Expenses in 2007: $37,562

This organization:	$37,562
Other organizations performing similar types of work:	$297,476

Income to expenses ratio in 2007: 119.4

This organization:	119.4
Other organizations performing similar types of work:	1.8

Financial snapshot ($)

Revenue for 2007

Assets at end of 2007

Income-Producing Activities for 2007

	2005	2006	2007
Revenue, Expenses, and Changes in Net Assets or Fund Balances
Total revenue	$14,988,977	$1,192,261	$4,483,439
Contributions, gifts, grants, and similar amounts received	$0	$0	$0
Contributions to donor advised funds		$0	$0
Direct public support	$0	$0	$0
Indirect public support	$0	$0	$0
Government contributions (grants)	$0	$0	$0
Program service revenue including government fees and contracts	$14,529,113	$0	$0
Membership dues and assessments	$0	$0	$0
Interest on savings and temporary cash investments	$4	$41	$18
Dividends and interest from securities	$459,860	$1,192,148	$671,666
Net rental income or (loss)	$0	$0	$0
Gross rents	$0	$0	$0
Less: rental expenses	$0	$0	$0
Other investment income	$0	$0	$0
Gain or (loss) from sales of assets other than inventory	$0	$72	$3,811,755
Gross amount from sales of assets other than inventory	$0	$3,500	$21,072,337
Less: cost or other basis and sales expenses	$0	$3,428	$17,260,582
Net income or (loss) from special events and activities	$0	$0	$0
Gross revenue	$0	$0	$0
Less: direct expenses other than fundraising expenses	$0	$0	$0
Gross profit or (loss) from sales of inventory	$0	$0	$0
Gross sales of inventory, less returns and allowances	$0	$0	$0
Less: cost of goods sold	$0	$0	$0
Other revenue	$0	$0	$0
Total expenses	$2,280	$23,898	$37,562
Program services	$0	$0	$0
Management and general	$0	$0	$0
Fundraising	$0	$0	$0
Payments to affiliates	$0	$0	$0
Net assets or fund balances at end of year	$15,981,580	$18,159,181	$19,240,929
Excess or (deficit) for the year	$14,986,697	$1,168,363	$4,445,877
Net assets or fund balances at beginning of year	$0	$15,981,580	$18,159,181
Other changes in net assets or fund balances	$994,883	$1,009,238	$-3,364,129

	Total	Program services	Management and general	Fundraising
Statement of Functional Expenses (for 2007)
Total functional expenses	$37,562	$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		$0
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	$37,562	$0	$0	$0

	2005	2006	2007
Balance Sheets
Total assets	$15,981,580	$18,159,181	$19,240,929
Cash - non-interest-bearing	$0	$0	$0
Savings and temporary cash investments	$1,491	$6,164	$120,703
Accounts receivable less allowance for doubtful accounts	$0	$0	$0
Pledges receivable less allowance for doubtful accounts	$0	$0	$0
Grants receivable	$0	$0	$0
Receivables from current and former officers, directors, trustees, and key employees	$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
Inventories for sale or use	$0	$0	$0
Prepaid expenses and deferred charges	$0	$0	$0
Investments - publicly-traded securities		$18,153,017	$19,120,226
Investments - other securities	$15,980,089	$0	$0
Investments - land, buildings, and equipment less accumulated depreciation	$0	$0	$0
Investments - other	$0	$0	$0
Land, buildings, and equipment less accumulated depreciation	$0	$0	$0
Other assets, including program-related investments	$0	$0	$0
Total liabilities	$0	$0	$0
Accounts payable and accrued expenses	$0	$0	$0
Grants payable	$0	$0	$0
Deferred revenue	$0	$0	$0
Loans from officers, directors, trustees, and key employees	$0	$0	$0
Tax-exempt bond liabilities	$0	$0	$0
Mortgages and other notes payable	$0	$0	$0
Other liabilities	$0	$0	$0
Total liabilities and net assets/fund balances	$15,981,580	$18,159,181	$19,240,929
Total net assets or fund balances	$15,981,580	$18,159,181	$19,240,929

	2005	2006	2007
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
Total revenue	$0	$0	$0
Total revenue, gains, and other support per audited financial statements	$0	$0	$0
Other expenses	$0	$0	$0
Net unrealized gains on investments	$0	$0	$0
Donated services and use of facilities	$0	$0	$0
Recoveries of prior year grants	$0	$0	$0
Other	$0	$0	$0
Other revenue	$0	$0	$0
Investment expenses	$0	$0	$0
Other	$0	$0	$0

	2005	2006	2007
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
Total expenses	$0	$0	$0
Total expenses and losses per audited financial statements	$0	$0	$0
Other revenue	$0	$0	$0
Donated services and use of facilities	$0	$0	$0
Prior year adjustments	$0	$0	$0
Losses	$0	$0	$0
Other	$0	$0	$0
Other expenses	$0	$0	$0
Investment expenses	$0	$0	$0
Other	$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 meetings	7
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?	Yes

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?	No
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, 2006	0

	Unrelated business income		Excluded by section 512, 513, or 514		Related or exempt function income
Analysis of Income-Producing Activities (for 2007)
	Business code	Amount	Exclusion code	Amount	Related or exempt function income
Total		$0		$4,483,439	$0
Program service revenue
Program service revenue 1	000000	$0	00	$0	$0
Program service revenue 2	000000	$0	00	$0	$0
Program service revenue 3	000000	$0	00	$0	$0
Program service revenue 4	000000	$0	00	$0	$0
Program service revenue 5	000000	$0	00	$0	$0
Medicare/Medicaid payments	000000	$0	00	$0	$0
Fees and contracts from government agencies	000000	$0	00	$0	$0
Membership dues and assessments	000000	$0	00	$0	$0
Interest on savings and temporary cash investments	000000	$0	Section 501(c)(9), or (17) organization - Non-exempt function income set aside for the payment of life, sick, accident, or other benefits (section 512(a)(3)(B)(ii))	$18	$0
Dividends and interest from securities	000000	$0	Section 501(c)(9), or (17) organization - Non-exempt function income set aside for the payment of life, sick, accident, or other benefits (section 512(a)(3)(B)(ii))	$671,666	$0
Net rental income or (loss) from real estate
debt-financed property	000000	$0	00	$0	$0
not debt-financed property	000000	$0	00	$0	$0
Net rental income or (loss) from personal property	000000	$0	00	$0	$0
Other investment income	000000	$0	00	$0	$0
Gain or (loss) from sales of assets other than inventory	000000	$0	Section 501(c)(9), or (17) organization - Non-exempt function income set aside for the payment of life, sick, accident, or other benefits (section 512(a)(3)(B)(ii))	$3,811,755	$0
Net income or (loss) from special events	000000	$0	00	$0	$0
Gross profit or (loss) from sales of inventory	000000	$0	00	$0	$0
Other revenue	000000	$0	00	$0	$0

EIN of corporation, partnership, or disregarded entity	Percentage of ownership interest	Total income	End-of-year assets
Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2007)
000000000	0%	$0	$0
000000000	0%	$0	$0
000000000	0%	$0	$0
000000000	0%	$0	$0

Compensation	Contributions to employee benefit plans & deferred compensation	Expense account and other allowances
Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (for 2007)
$0	$0	$0
$0	$0	$0
$0	$0	$0
$0	$0	$0
$0	$0	$0

Total number of other employees paid over $50,000	0

Total number of other employees paid over $50,000

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

	2004	2005	2006
Support Schedule
Total	$0	$0	$0
Gifts, grants, and contributions received	$0	$0	$0
Membership fees received	$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
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
Net income from unrelated business activities not included above	$0	$0	$0
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf	$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
Other income	$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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Id	Name	Address	State	Established	Total Income
Organizations performing similar types of work
1	Washington Saratoga Warren Hamiltonessex Counties Health Ins Consorti	C/O Wswhe Boces 1153 Burgoyne, Fort Edward, NY 12828	NY	2007-10	$108,033,936
2	Indiana Educators Veba Trust, Frankel Robert B Ttee	150 W Market St Ste 900, Indianapolis, IN 46204-2814	IN	2004-07	$47,971,500
3	West Virginia Pipe Trades Health And Welfare Fund	1517 Woodruff St, Pittsburgh, PA 15220-5317	PA	1968-10	$37,019,971
4	Producers Health Benefits Plan Raleigh Studios	C/O Raleigh Studios 650 North Brons, Los Angeles, CA 90004	CA	2001-11	$24,349,090
5	Porter County Schools Employees Ins Veba Tr	750 Ransom Rd, Valparaiso, IN 46385-8973	IN	2000-05	$23,154,704
6	Metropolitan School District Of Wayne Township Veba Plan And Tr	1220 S High School Rd, Indianapolis, IN 46241-3127	IN	2007-01	$4,483,439
7	Washington Community Schools Employees Benefit Tr, Miller Robert T Ttee	PO BOX 2369, Columbus, IN 47202-2369	IN	2006-02	$3,439,700
8	Cummins Atlantic Employee Benefit Trust	PO BOX 1787, Columbus, IN 47202-1787	IN	1983-03	$2,891,817
9	City Of Martinsville Employee Benefit Tr	110 W Morgan St, Martinsville, IN 46151-1448	IN	1993-04	$1,854,288
10	Nagakura Engineering Works Employee Benefit Tr, Ito Masashi	PO BOX 2369, Columbus, IN 47202-2369	IN	2004-02	$1,186,917
11	Retiree Health Reimbursement Plan And Tr For Fop Lodge 86, Leo Blackwell Ttee	1525 Shelby St, Indianapolis, IN 46203-2760	IN	2008-05	$955,865
12	Knox Community School Corporation Veba Health Savings Trust	2 Redskin Trl, Knox, IN 46534-2238	IN	2010-11	$916,387
13	Griffith Public Schools Veba Health Savings Trust	600 N Raymond St, Griffith, IN 46319-2041	IN	2008-07	$385,057
14	Lakeland Schools Veba Trust	200 S Cherry St, Lagrange, IN 46761-2012	IN	2014-07	$239,104
15	Southeast Dubois County School Corporation Employee Benefit Tr, Dunn Kenneth O Ttee	432 E 15th St, Ferdinand, IN 47532-9199	IN	1999-05	$0
16	Southwest Dubois County Sc Employee Benefit Tr, Bradley J Patrick Ttee	PO BOX 2369, Columbus, IN 47202-2369	IN	2005-12	$0
17	Spencer County Employee Benefit Trust	200 Main St, Rockport, IN 47635-1452	IN	2013-08	$0
18	Tell City Employee Benefit Trust, Goffinet Bill Mayor Ttee	PO BOX 2369, Columbus, IN 47202-2369	IN	1990-08	$0
19	Wawasee Community School Corp Veba Tr	1 Warrior Path, Syracuse, IN 46567-9170	IN	1994-12	$0
20	Westview School Corporation Veba Health Savings Tr	1545 South 600 West, Topeka, IN 46571	IN	2007-10	$0

Number of organizations performing similar types of work

Alaska	2
Arizona	3
California	34
Colorado	1
Connecticut	2
District of Columbia	4
Delaware	1
Florida	8
Georgia	2
Hawaii	2
Iowa	2
Idaho	2
Illinois	15
Indiana	24
Kansas	4
Louisiana	2
Massachusetts	7
Maryland	3
Maine	1
Michigan	20
Minnesota	24

Missouri	2
North Carolina	9
North Dakota	2
New Hampshire	1
New Jersey	10
New Mexico	2
Nevada	3
New York	24
Ohio	16
Oklahoma	3
Oregon	2
Pennsylvania	12
Rhode Island	3
South Dakota	1
Tennessee	3
Texas	7
Virginia	6
Vermont	1
Washington	9
Wisconsin	19
West Virginia	1

Total

299

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