2024-11-08T12:49:47-06:00 2024-01-31 381357951 PLANTE & MORAN PLLC 1111 MICHIGAN AVE STE 100 EAST LANSING MI 48823 990 2023-02-01 386104869 SET INCORPORATED SETI 5174820871 1520 EARL AVENUE EAST LANSING MI 48823 AMY MANEVAL CHIEF FINANCIAL OFFICER 5174820871 2024-11-05 1 1 DAVID LOWENTHAL P00378651 5173326200 2024-11-05 2023 2024-10-15 13:58:12Z AMY MANEVAL 1520 EARL AVENUE EAST LANSING MI 48823 22235138 0 X WWW.SETSEG.ORG X 1971 MI TO PROVIDE INSURANCE SERVICES FOR MEMBERS 7 7 0 0 0 0 0 0 3361148 5580819 1204279 155970 6000 0 4571427 5736789 0 0 0 0 0 0 0 0 0 5871720 7758657 5871720 7758657 -1300293 -2021868 26588669 27972201 5339470 7878497 21249199 20093704 X SET SEG IS A NONPROFIT ORGANIZATION WHOSE MISSION IS TO DEVELOP AND DELIVER SUPERIOR AND PERSONALIZED INSURANCE SERVICES AND PROGRAMS TO SCHOOL DISTRICTS IN MICHIGAN. SET SEG IS THE EXPERT AT ASSESSING, UNDERSTANDING AND FULFILLING THE INSURANCE NEEDS OF MICHIGAN PUBLIC SCHOOLS. WE SAFEGUARD THE HEALTH AND WELL-BEING OF MICHIGAN SCHOOL EMPLOYEES BY PROVIDING INNOVATIVE AND COST-EFFECTIVE EMPLOYEE BENEFIT PROGRAMS. THE ACTIONS OF SET SEG AND ITS EMPLOYEES ARE GROUNDED IN THE PRINCIPLES OF HONESTY, INTEGRITY, CONSISTENCY AND EQUITABILITY WITH THE OBJECTIVE OF BUILDING AND MAINTAINING LONG-TERM RELATIONSHIPS. 0 0 THE ORGANIZATION ADMINISTERS, SERVICES, AND PROMOTES INSURANCE FOR THE BENEFITS OF EMPLOYEES OF EDUCATIONAL INSTITUTIONS WITHIN THE STATE OF MICHIGAN. 0 0 0 0 0 0 0 0 0 1 1 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 13 0 1 0 0 0 0 0 0 0 0 0 X 7 7 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 0 0 0 X AMY MANEVAL 8002925421 1520 EARL AVENUE EAST LANSING MI 48823 JANICE HOLZ DIRECTOR 1.00 0.00 X 1800 0 0 PETER KUDLAK VICE PRESIDENT 1.00 0.00 X X 1500 0 0 NICK CEGLAREK PRESIDENT 1.00 0.00 X X 1200 0 0 TINA KERR DIRECTOR 1.00 0.00 X 1200 0 0 DONALD WOTRUBA SECRETARY/TREASURER 1.00 0.00 X X 1200 0 0 SHARON IRVINE DIRECTOR 1.00 0.00 X 1500 0 0 SCOTT KOZIOL DIRECTOR 1.00 0.00 X 1500 0 0 9900 0 0 0 0 0 0 SET SEG INSURANCE SERVICES AGENCY INC 1520 EARL AVENUE EAST LANSING MI 48823 ADMINISTRATIVE SERVICES 4431670 1 NET ADMINISTRATIVE FEE REVENUE 524298 3384817 3384817 HEALTH CENTER FEES 524298 2196002 2196002 5580819 430623 430623 16223696 16498349 -274653 -274653 -274653 5736789 5306166 0 430623 2426 34000 37151 13125 137766 200000 12162 95824 56329 ADMINISTRATIVE EXPENSES 5005565 HEALTH CARE CENTER 2139121 TRUSTEE EXPENSE 25188 7758657 1412416 1660373 2566427 2724258 670765 527030 239559 143735 22032238 23124288 338029 319547 26588669 27972201 1134079 2574087 4205391 5304410 5339470 7878497 X 21249199 20093704 21249199 20093704 26588669 27972201 -2021868 866373 0 X 0 1 X 1 0 670765 527030 143735 143735 CORPORATE NOTES 36611 F FUNDS HELD FOR PARTICIPANTS 2386458 F INVESTMENT IN SSISA 525000 F COMERICA INVEST 13901527 F BOARD DESIGNATED INVESTMENTS 6253898 F ASSURANT ESCROW -584 F AMH RESERVES 21378 F 23124288 ADVANCED PREMIUMS & DEFERRED PAYMENTS & SUBSIDY PAYABLE 5058243 DEFERRED COMPENSATION PLAN 7387 OPERATING LEASE LIABILITIES 238780 5304410 X 4407160 866373 866373 3540787 2196002 2196002 5736789 5562655 0 5562655 2196002 2196002 7758657 PART X, LINE 2: THE INTERNAL REVENUE SERVICE HAS MADE A DETERMINATION THAT THE COMPANY IS EXEMPT FROM TAX UNDER THE PROVISIONS OF INTERNAL REVENUE CODE SECTION 501(C)(9). ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE COMPANY AND RECOGNIZE A TAX LIABILITY IF THE COMPANY HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE INTERNAL REVENUE SERVICE (IRS) OR OTHER APPLICABLE TAXING AUTHORITIES. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE COMPANY AND HAS CONCLUDED THAT, AS OF JANUARY 31, 2024 AND 2023 THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE COMPANY IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. PART XI, LINE 4B - OTHER ADJUSTMENTS: HEALTH CENTER FEES - NET WITH EXPENSES ON AUDITED FINANCIAL STATEMENTS PART XII, LINE 4B - OTHER ADJUSTMENTS: HEALTH CENTER FEES - NET WITH EXPENSES ON AUDITED FINANCIAL STATEMENTS FORM 990, PART VI, SECTION B, LINE 11B A REVIEW OF THE RETURN WILL BE PERFORMED BY THE CONTROLLER AND CHIEF FINANCIAL OFFICER OF THE COMPANY. FORM 990, PART VI, SECTION B, LINE 12C THE COMPANY EXPECTS THAT ALL ITS DIRECTORS AND OFFICERS ARE AND WILL REMAIN LOYAL TO, AND WILL OPERATE IN THE BEST INTEREST OF THE COMPANY. COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY IS MONITORED IN CONJUNCTION WITH ANNUAL PERFORMANCE REVIEWS. FORM 990, PART VI, SECTION B, LINE 15 ALL EMPLOYEES WERE TRANSFERED TO A RELATED ENTITY DURING 2010. AS SUCH, COMPENSATION DETERMINATION IS NO LONGER THE RESPONSIBILITY OF THE COMPANY. FORM 990, PART VI, SECTION C, LINE 19 AVAILABLE UPON REQUEST. ADAMS TOWNSHIP SCHOOL DISTRICT ALCONA COMMUNITY SCHOOLS ALLEGAN AREA ESA ALMA PUBLIC SCHOOLS ANCHOR BAY SCHOOL DISTRICT ANN ARBOR PUBLIC SCHOOLS ARMADA AREA SCHOOLS AU GRES-SIMS SCHOOL DISTRICT AUTRAIN-ONOTA PUBLIC SCHOOLS BAD AXE PUBLIC SCHOOLS BARRY ISD BATH COMMUNITY SCHOOL DISTRICT BATTLE CREEK PUBLIC SCHOOLS BAY DE NOC COMMUNITY COLLEGE BAY-ARENAC ISD BEAVER ISLAND COMMUNITY SCHOOL BEAVERTON SCHOOLS BEDFORD PUBLIC SCHOOLS BELDING AREA SCHOOLS BELLEVUE COMMUNITY SCHOOLS BENTLEY COMMUNITY SCHOOLS BENZIE COUNTY CENTRAL SCHOOLS BERRIEN SPRINGS PUBLIC SCHOOLS BLOOMINGDALE PUBLIC SCHOOLS BOYNE FALLS PUBLIC SCHOOLS BRANCH ISD BRANDYWINE COMMUNITY SCHOOLS BRIDGMAN PUBLIC SCHOOL DISTRICT BRITTON DEERFIELD SCHOOLS BRONSON COMMUNITY SCHOOLS BURT TOWNSHIP SCHOOLS BYRON AREA SCHOOLS CALEDONIA COMMUNITY SCHOOLS CAPAC COMMUNITY SCHOOLS CASS CITY PUBLIC SCHOOLS CASSOPOLIS PUBLIC SCHOOLS CENTRAL MONTCALM PUBLIC SCHOOLS CHARLEVOIX PUBLIC SCHOOLS CHARLEVOIX-EMMET ISD CHARLOTTE PUBLIC SCHOOLS 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SCHOOLS MANISTEE AREA PUBLIC SCHOOLS MANISTEE ISD MANTON CONSOLIDATED SCHOOLS MAPLE VALLEY SCHOOLS MARCELLUS COMMUNITY SCHOOLS MARQUETTE-ALGER RESA MASON COUNTY CENTRAL SCHOOLS MCBAIN RURAL AGRICULTURAL SCHOOLS MECOSTA-OSCEOLA ISD MENOMINEE COUNTY ISD MESICK CONSOLIDATED SCHOOLS MI ASSOCIATION OF SCHOOL BOARDS MI ASSOCIATION OF SUPERINTENDENTS & ADMINISTRATORS MI ASSOCIATION RETIRED SCHOOL PERSONNEL MI ASSOCIATION SECONDARY SCHOOL PRINCIPALS MI ELEM & MIDDLE SCHOOL PRINCIPALS ASSN MI PUBLIC SCHOOLS EMPLOYEE RETIREMENT MI SCHOOL BUSINESS OFFICIALS MICHIGAN CENTER SCHOOL DISTRICT MICHIGAN WORKS MIO-AUSABLE SCHOOLS MONA SHORES PUBLIC SCHOOLS MONROE COUNTY ISD MONROE PUBLIC SCHOOLS MONTAGUE AREA PUBLIC SCHOOLS MONTROSE COMMUNITY SCHOOLS MORENCI AREA SCHOOLS MOTT COMMUNITY COLLEGE MT MORRIS CONSOLIDATED SCHOOLS NICE COMMUNITY SCHOOL DISTRICT NAH TAH WAHSH PUBLIC SCHOOL ACADEMY NAPOLEON COMMUNITY SCHOOLS NEGAUNEE PUBLIC SCHOOLS NEW HAVEN COMMUNITY SCHOOLS NEW LOTHROP AREA PUBLIC SCHOOLS NEWAYGO COUNTY RESA NEWAYGO PUBLIC SCHOOLS NORTH BRANCH AREA SCHOOLS NORTH CENTRAL AREA SCHOOLS NORTH MUSKEGON SCHOOLS NORTHPORT PUBLIC SCHOOL NORTHVIEW PUBLIC SCHOOLS NORTHWEST COMMUNITY SCHOOLS NORTHWEST EDUCATION SERVICES NORWAY-VULCAN AREA SCHOOLS OKEMOS PUBLIC SCHOOLS OLIVET COMMUNITY SCHOOLS ONAWAY AREA SCHOOLS ONEKAMA CONSOLIDATED SCHOOLS OTTAWA AREA ISD OUTLOOK ACADEMY OVID-ELSIE AREA SCHOOLS OWOSSO PUBLIC SCHOOLS PARCHMENT SCHOOL DISTRICT PECK COMMUNITY SCHOOLS PINCKNEY COMMUNITY SCHOOLS PITTSFORD AREA SCHOOLS PONTIAC SCHOOL DISTRICT PORTLAND PUBLIC SCHOOLS POSEN CONSOLIDATED SCHOOL DISTRICT #9 POTTERVILLE PUBLIC SCHOOLS RAVENNA PUBLIC SCHOOLS RICHMOND COMMUNITY SCHOOLS RIVER VALLEY SCHOOL DISTRICT ROSCOMMON AREA PUBLIC SCHOOLS ROYAL OAK SCHOOLS RUDYARD AREA SCHOOLS SAUGATUCK PUBLIC SCHOOLS SET SEG INSURANCE SERVICES AGENCY INC SOUTHGATE COMMUNITY SCHOOLS SPRINGPORT PUBLIC SCHOOLS ST CLAIR CO COMMUNITY COLLEGE ST IGNACE AREA SCHOOLS ST JOHNS PUBLIC SCHOOLS ST JOSEPH PUBLIC SCHOOLS STANDISH-STERLING COMMUNITY SCHOOLS STEPHENSON AREA PUBLIC SCHOOLS SUPERIOR CENTRAL SCHOOLS SUTTONS BAY PUBLIC SCHOOLS THE PUBLIC SCHOOLS OF CALUMET-LAURIUM-KEWEENAW TRAVERSE CITY AREA PUBLIC SCHOOLS TUSCOLA ISD UNION CITY COMMUNITY SCHOOLS UNIONVILLE SEBEWAING AREA SCHOOLS VAN BUREN ISD VAN BUREN PUBLIC SCHOOLS VASSAR PUBLIC SCHOOLS WALKERVILLE PUBLIC SCHOOLS WAVERLY COMMUNITY SCHOOLS WEBBERVILLE COMMUNITY SCHOOLS WELLS TOWNSHIP SCHOOL DISTRICT WEST BLOOMFIELD SCHOOL DISTRICT WEST IRON COUNTY PUBLIC SCHOOLS WEST SHORE COMMUNITY COLLEGE WEST SHORE ESD WESTERN SCHOOL DISTRICT WYANDOTTE PUBLIC SCHOOLS YALE PUBLIC SCHOOLS 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1