2025-11-12T15:55:05-06:00 2024-12-31 208149084 ANASTASI MOORE & MARTIN PLLC 9 S WASHINGTON ST STE 600 SPOKANE WA 99201 990 2024-01-01 843009948 ARIZONA TECHNOLOGY COUNCIL EMPLOYEE BENEFIT TRUST ARIZ 4257717359 PO BOX 6 MUKILTEO WA 98275 STEVEN ZYLSTRA CHAIRMAN 4257717359 2025-11-12 1 1 CHRISTI JONES CPA P01235845 5093230272 2025-11-12 2024 2025-03-06 01:10:19Z STEVEN ZYLSTRA 2800 N CENTRAL AVENUE SUITE 1530 PHOENIX AZ 85004 9228048 0 X WWW.AZTECHCOUNCIL.ORG/AHP/ X 2019 AZ TO PROVIDE QUALIFIED HEALTH AND WELFARE BENEFITS THROUGH GROUP INSURANCE ARRANGEMENTS. 3 0 0 0 0 0 0 0 7452553 9228048 0 0 0 0 7452553 9228048 0 0 6453634 7962151 0 0 0 0 0 928176 1142561 7381810 9104712 70743 123336 326010 392678 179702 123034 146308 269644 TO PROVIDE A TRUST UNDER WHICH THE ARIZONA TECHNOLOGY COUNCIL (AZTC), A TRADE ASSOCIATION, AND ELIGIBLE EMPLOYER MEMBERS OF AZTC MAY MAKE CERTAIN WELFARE BENEFITS AVAILABLE FOR THEIR PARTICIPANTS, THROUGH GROUP INSURANCE OR OTHERWISE. 0 0 THE TRUST WAS ESTABLISHED TO HOLD INSURANCE POLICIES THROUGH WHICH PARTICIPATING EMPLOYERS CAN PROVIDE PROGRAMS OF HEALTH AND OTHER QUALIFIED BENEFITS UNDER THE EMPLOYEE BENEFIT PLANS THEY MAINTAIN FOR THEIR EMPLOYEES AND DEPENDENTS. 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 1 0 0 1 14 0 1 0 0 0 0 0 0 0 0 0 X 3 0 1 1 0 0 0 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X VIMLY BENEFIT SOLUTIONS INC 4257717359 12121 HARBOUR REACH DRIVE SUITE 105 MUKILTEO WA 98275 STEVEN ZYLSTRA CHAIRMAN 2.00 40.00 X X 0 322824 11735 KEVIN SOMMERSTEDT TRUSTEE 1.00 X 0 0 0 ERIC MARCUS TRUSTEE 1.00 X 0 0 0 0 322824 11735 0 0 1 0 DIMARTINO ASSOCIATES 1325 FOURTH AVE STE 1705 SEATTLE WA 98101 CONSULTING SERVICES 261472 ARIZONA TECHNOLOGY COUNCIL 2800 N CENTRAL AVE 1530 PHOENIX AZ 85004 ADMINISTRATION 183505 VIMLY BENEFIT SOLUTIONS INC 12121 HARBOUR REACH DR STE 105 MUKILTEO WA 98275 THIRD-PARTY ADMINISTRATIVE SERVICES 138245 BLACK GOULD & ASSOCIATES 3800 N CENTRAL AVE 9TH FLOOR PHOENIX AZ 85012 BROKERAGE SERVICES 100078 4 EMPLOYER CONTRIBUTIONS 525100 9195133 9195133 PARTICIPANT CONTRIBUTI 525100 32915 32915 9228048 9228048 9228048 0 0 7962151 322659 841 16350 802100 611 9104712 291141 355473 34869 37205 326010 392678 15002 10052 64384 75649 100316 37333 179702 123034 X 0 0 0 0 146308 269644 146308 269644 326010 392678 123336 0 X X 0 1 X 0 0 0 PREMIUMS DUE TO INSURERS 37333 37333 X 9228048 0 9228048 0 9228048 9167695 62983 62983 9104712 0 9104712 PART X, LINE 2: THE TRUST ESTABLISHED UNDER THE PLAN TO HOLD THE ASSETS OF THE PLAN IS QUALIFIED AS A TAX-EXEMPT ORGANIZATION UNDER SECTION 501(C)(9) OF THE INTERNAL REVENUE CODE (IRC) AND, ACCORDINGLY, ANY NET INVESTMENT INCOME OF THE TRUST IS EXEMPT FROM INCOME TAXES. THE TRUST OBTAINED ITS LATEST TAX DETERMINATION LETTER FROM THE INTERNAL REVENUE SERVICE (IRS) WITH AN EFFECTIVE DATE OF EXEMPTION OF SEPTEMBER 1, 2019. IN THE LETTER, THE IRS STATED THAT THE TRUST, AS THEN DESIGNED, WAS IN COMPLIANCE WITH THE APPLICABLE REQUIREMENTS OF THE IRC. THE BOARD OF TRUSTEES AND LEGAL COUNSEL BELIEVE THE TRUST AND RELATED PLAN ARE DESIGNED AND HAVE BEEN OPERATED THROUGH DECEMBER 31, 2024, IN ACCORDANCE WITH APPLICABLE PROVISIONS OF THE IRC. ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE PLAN MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE PLAN AND RECOGNIZE A TAX LIABILITY (OR ASSET) IF THE PLAN HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUBSTANTIATED UPON EXAMINATION BY THE IRS. THE PLAN ADMINISTRATOR HAS ANALYZED THE TAX POSITIONS TAKEN BY THE PLAN, AND HAS CONCLUDED THAT AS OF DECEMBER 31, 2024 AND 2023, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE PLAN IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS, AND THE PLAN COULD BE SUBJECT TO INCOME TAX IF CERTAIN ISSUES WERE FOUND BY THE IRS THAT COULD RESULT IN THE DISQUALIFICATION OF THE TAX-EXEMPT STATUS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. PART XII, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN PREMIUMS DUE TO INSURERS 62,983. 0 0 0 STEVEN ZYLSTRA CHAIRMAN 0 322824 0 0 0 0 0 9514 0 2221 0 334559 0 0 PART I, LINE 3 THE COMPENSATION OF THE PRESIDENT/CHIEF EXECUTIVE OFFICER OF THE ARIZONA TECHNOLOGY COUNCIL (AZTC) IS DETERMINED BY THE EXECUTIVE COMMITTEE OF THE AZTC BOARD OF DIRECTORS, WHICH SERVES AS THE COMPENSATION COMMITTEE. ARIZONA TECHNOLOGY COUNCIL ARIZONA TECHNOLOGY COUNCIL'S PRESIDENT AND CEO IS A TRUSTEE OF THIS TRUST. 56275 DURING THE YEAR ENDED DECEMBER 31, 2024, ARIZONA TECHNOLOGY COUNCIL MADE CONTRIBUTIONS TO THIS TRUST WHICH TOTALED $56,275 0 ARIZONA TECHNOLOGY COUNCIL ARIZONA TECHNOLOGY COUNCIL'S PRESIDENT AND CEO IS A TRUSTEE OF THIS TRUST. 183505 DURING THE YEAR ENDED DECEMBER 31, 2024, THE TRUST PAID ARIZONA TECHNOLOGY COUNCIL $183,505 IN ADMINISTRATIVE FEES, WHICH ARE BASED ON THE CONTRIBUTIONS RECEIVED. 0 FORM 990, PART VI, SECTION A, LINE 2 STEVEN ZYLSTRA IS THE CHAIR OF THE BOARD OF TRUSTEES OF THE TRUST AND EMPLOYED BY ARIZONA TECHNOLOGY COUNCIL, THE SPONSOR, A PARTICIPATING EMPLOYER OF THE TRUST, AND SERVICE PROVIDER OF THE TRUST. FORM 990, PART VI, SECTION A, LINE 3 THE TRUST HAS CONTRACTED WITH A THIRD-PARTY ADMINISTRATOR (VIMLY BENEFIT SOLUTIONS, INC.) TO PROVIDE BOOKKEEPING AND ADMINISTRATIVE SERVICES, AND WITH ARIZONA TECHNOLOGY COUNCIL TO PROVIDE CERTAIN MARKETING, SALES, ADVISORY, ADMINISTRATION COMPLIANCE AND MONITORING SERVICES. FORM 990, PART VI, SECTION A, LINE 7A THE TRUST IS DESIGNED TO BE ADMINISTERED BY A BOARD OF TRUSTEES CONSISTING OF A MINIMUM OF THREE AND A MAXIMUM OF FIVE TRUSTEES. HOWEVER, THE TRUSTEES HAVE THE AUTHORITY TO EITHER INCREASE OR DECREASE THE SIZE OF THE BOARD OF TRUSTEES. AT ALL TIMES, AT LEAST ONE OF THE TRUSTEES WILL BE A REPRESENTATIVE OF THE AZTC. EFFECTIVE JANUARY 1, 2020, EACH TRUSTEE, OTHER THAN THE AZTC REPRESENTATIVE, MUST BE A PRINCIPAL IN A PARTICIPATING EMPLOYER. CANDIDATES FOR ELECTION AS TRUSTEE, OTHER THAN THE AZTC REPRESENTATIVE, MAY BE NOMINATED BY THE AZTC BOARD (OR A COMMITTEE OF THE AZTC BOARD DESIGNATED TO MAKE SUCH NOMINATION); A MAJORITY OF THE INCUMBENT TRUSTEES; OR BY WRITTEN PETITION SUBMITTED TO THE AZTC AND SIGNED BY THE LESSER OF 10% OF THE PARTICIPATING EMPLOYERS, OR 10% OF PARTICIPATING EMPLOYERS. TRUSTEES, OTHER THAN THE AZTC REPRESENTATIVE, ARE ELECTED BY A MAJORITY OF THE PARTICIPATING EMPLOYERS. EACH TRUSTEE WILL, PRIOR TO BECOMING A TRUSTEE, ACKNOWLEDGE, IN WRITING, HIS OR HER ACCEPTANCE AS A TRUSTEE. IN THE EVENT OF A TERMINATION, RESIGNATION, DEATH OR VACANCY OF A TRUSTEE, OTHER THAN THE AZTC REPRESENTATIVE, ANY NEW OR SUCCESSOR TRUSTEE WILL BE PROVISIONALLY APPOINTED BY THE CURRENT TRUSTEE(S). IN THE EVENT THERE ARE NO CURRENT TRUSTEES, SUCH NEW OR SUCCESSOR TRUSTEE(S) WILL BE PROVISIONALLY APPOINTED BY AZTC. NOTICE OF THE PROVISIONAL APPOINTMENT WILL BE MAILED BY THE APPOINTING PARTY TO ALL PARTICIPATING EMPLOYERS AND WILL BECOME FINAL 30 DAYS AFTER SUCH NOTICE UNLESS, IN THE MEANTIME, PARTICIPATING EMPLOYERS REPRESENTING 51 PERCENT OF THE PARTICIPATING EMPLOYERS HAVE OBJECTED, IN WRITING DELIVERED TO THE CURRENT TRUSTEE(S), TO THE APPOINTMENT. IN THE EVENT SUCH AN OBJECTION IS FILED, THE CURRENT TRUSTEES OR THE AZTC (AS THE CASE MAY BE) WILL CONDUCT A REFERENDUM ELECTION AMONG ALL OF THE PARTICIPATING EMPLOYERS. EACH PARTICIPATING EMPLOYER MAY SUBMIT THE NAME OF ONE NOMINEE AND IN THE REFERENDUM, EACH PARTICIPATING EMPLOYER WILL BE ENTITLED TO ONE VOTE. EACH VOTE WILL BE WEIGHTED, HOWEVER, BY THE NUMBER OF THE PARTICIPATING EMPLOYER'S EMPLOYEES PARTICIPATING IN THE TRUST (AS MEASURED BY THE NUMBER OF EMPLOYEES REPORTED ON THE PARTICIPATING EMPLOYER'S REPORTING FORM RECEIVED BY THE TRUST IN THE MONTH PRIOR TO THE MONTH OF ELECTION). THE NOMINEE WHO RECEIVES THE LARGEST NUMBER OF VOTES WILL BE DECLARED THE NEW TRUSTEE. THE CURRENT TRUSTEES OR THE AZTC (AS THE CASE MAY BE) WILL HAVE FULL AUTHORITY AND DISCRETION TO CONDUCT THE ELECTION, INCLUDING THE ADOPTION OF ANY ELECTION RULES AS THEY DEEM APPROPRIATE. THE COSTS OF THE ELECTION WILL BE PAID BY THE TRUST. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 WAS PREPARED UNDER THE GUIDANCE OF THE BOARD OF TRUSTEES BY THE INDEPENDENT ACCOUNTING FIRM ANASTASI, MOORE & MARTIN PLLC. DRAFT COPIES OF THE TRUST'S FINANCIAL STATEMENTS AND FORM 990 WERE FIRST PROVIDED TO THE TRUST'S CONSULTANTS AND ADVISORS, WHO REVIEWED THE FORM 990 FOR ACCURACY AND COMPLETENESS. ANY QUESTIONS, CONCERNS OR ISSUES RAISED BY THE CONSULTANTS AND ADVISORS WERE ADDRESSED AND ANY NECESSARY REVISIONS WERE MADE TO THE FORM 990. THE REVISED FORM 990 WAS THEN PROVIDED TO THE CHAIRMAN OF THE BOARD OF TRUSTEES FOR REVIEW AND APPROVAL. ANY ADDITIONAL QUESTIONS, CONCERNS OR ISSUES RAISED BY THE CHAIRMAN WERE ADDRESSED AND ANY NECESSARY REVISIONS WERE MADE TO THE FORM 990. THE FINAL VERSION OF THE FORM 990 WAS REVIEWED AND APPROVED FOR FILING BY THE CHAIRMAN. THE FINAL VERSION OF THE FORM 990 WAS MADE AVAILABLE TO THE BOARD OF TRUSTEES PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C ALL PROPOSED RELATIONSHIPS AND CONTRACTS WITH SERVICE PROVIDERS, AS WELL AS ALL PROPOSED INVESTMENTS THAT WOULD BE MADE BY THE TRUST, ARE PROVIDED TO AND REVIEWED BY TRUST LEGAL COUNSEL FOR COMPLIANCE WITH THE PROHIBITED TRANSACTION PROVISIONS OF ERISA. ADDITIONALLY, EACH PARTY-IN-INTEREST (FIDUCIARY OR SERVICE PROVIDER) HAS AN ONGOING DUTY TO DISCLOSE ALL MATERIAL FACTS TO THE BOARD OF TRUSTEES ABOUT ANY ACTUAL OR POTENTIAL CONFLICTS OF INTEREST AS SOON AS SUCH FACTS BECOME KNOWN OR SHOULD HAVE BEEN KNOWN. UPON RECEIPT OF INFORMATION, THE BOARD OF TRUSTEES WILL INVESTIGATE. THE INVESTIGATION WILL INCLUDE A REVIEW OF ALL APPLICABLE FACTS AND DOCUMENTS, THE SPECIFIC PROVISIONS OF ERISA ALLEGED TO HAVE BEEN VIOLATED, AND ANY APPLICABLE EXEMPTIONS FROM PROHIBITED TRANSACTIONS. IF, AFTER INVESTIGATION, A TRANSACTION PROHIBITED UNDER ERISA HAS BEEN IDENTIFIED, THE BOARD OF TRUSTEES WILL TAKE APPROPRIATE CORRECTIVE ACTION, WHICH MAY INCLUDE REPORTING TO AN APPLICABLE FEDERAL AGENCY. ALL MATERIAL FACTS, ACTIONS TAKEN IN THE INVESTIGATION AND CORRECTIONS WILL BE DOCUMENTED. SUCH DOCUMENTATION WILL INCLUDE THE NAMES OF ALL PARTIES INVOLVED, A DESCRIPTION OF THE PROHIBITED TRANSACTION, AND A DESCRIPTION OF ANY CORRECTIONS. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION OF THE PRESIDENT/CHIEF EXECUTIVE OFFICER OF THE ARIZONA TECHNOLOGY COUNCIL (AZTC) IS DETERMINED BY THE EXECUTIVE COMMITTEE OF THE AZTC BOARD OF DIRECTORS, WHICH SERVES AS THE COMPENSATION COMMITTEE. FORM 990, PART VI, SECTION C, LINE 19 THE TRUST'S GOVERNING DOCUMENTS, FINANCIAL STATEMENTS AND FORM 990 ARE AVAILABLE TO THE GENERAL PUBLIC UPON WRITTEN REQUEST SENT TO VIMLY BENEFIT SOLUTIONS, INC. AT: P.O. BOX 6, MUKILTEO, WA 98275. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED SINCE FILING THE PRIOR FORM 990. ARIZONA TECHNOLOGY COUNCIL 2800 N CENTRAL AVE 1530 PHOENIX AZ 85004 860684848 TO CONNECT AND STRENGTHEN ARIZONA'S TECHNOLOGY INDUSTRY AND COMMUNITY. 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