Prudential Welfare Benefits Tr For Union Employees

Organization Overview

Prudential Welfare Benefits Tr For Union Employees is located in Newark, NJ. The organization was established in 2001. According to its NTEE Classification (Y43) the organization is classified as: Voluntary Employees Beneficiary Associations (Non-Government), under the broad grouping of Mutual & Membership Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Prudential Welfare Benefits Tr For Union Employees is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.

For the year ending 12/2021, Prudential Welfare Benefits Tr For Union Employees generated $19.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (6.8%) each year. All expenses for the organization totaled $25.8m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE PRUDENTIAL WELFARE BENEFITS TRUST FOR UNION EMPLOYEES IS INTENDED TO FUND MEDICAL, DENTAL, DISABILITY, AND OTHER WELFARE BENEFITS PAYABLE TO PARTICIP. AND THEIR DEP. IN THE PRUDENTIAL RETIREE WELFARE BENEFIT PLAN.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PAYMENTS TO INSURANCE CARRIERS AND CONTRACT ADMINISTRATORS FOR MEDICAL, DENTAL, DISABILITY, AND OTHER WELFARE BENEFITS TO PARTICIPANTS AND THEIR DEPENDENTS IN THE PRUDENTIAL RETIREE WELFARE BENEFITS PLAN.


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Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$0
Investment income $19,379,204
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $47,820
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $19,427,024

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