Retiree Benefits Tr
- Assets
- $3.3m
- Revenue
- $399.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Lake Jackson, TX
- Founding
- 01/2008
- Data as of
- 12/2021
- EIN
- 43-2118351
Organization Overview
Retiree Benefits Tr is located in Lake Jackson, TX. The organization was established in 2008. 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. Retiree Benefits Tr 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, Retiree Benefits Tr generated $399.5k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 32.4% each year . All expenses for the organization totaled $561.9k during the year ending 12/2021. While expenses have increased by 20.9% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE PURPOSE OF THE PLAN IS TO PROVIDE FOR CONTINUING GROUP INSURANCE COVERAGE FOR PARTICIPANTS AFTER TERMINATION OF THE FORMER INACTIVE PLANS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PURPOSE OF THE PLAN IS TO PROVIDE FOR CONTINUING GROUP INSURANCE COVERAGE FOR PARTICIPANTS AFTER TERMINATION OF THE FORMER INACTIVE PLANS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Glenda Czaplewski Secretary/compliance Offic | Officer | 1 | $20,000 |
Kenneth Prochaska Jr Vice Chairman | Officer | 1 | $4,000 |
Cindy Schiffler Administrative Officer | Officer | 1 | $4,000 |
Name Not Listed Trustee | 1 | $0 |
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 | $355,052 |
| Investment income | $44,436 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $399,488 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $355,052 |
| Compensation of current officers, directors, key employees. | $78,000 |
| Compensation of current officers, directors, key employees. | $78,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $22,225 |
| Fees for services: Accounting | $19,364 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $23,249 |
| Fees for services: Other | $3,123 |
| Advertising and promotion | $0 |
| Office expenses | $429 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $18,340 |
| All other expenses | $0 |
| Total functional expenses | $561,867 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $381,013 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $2,960,974 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,401 |
| Total assets | $3,343,388 |
| Accounts payable and accrued expenses | $20,000 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $40,887 |
| Total liabilities | $60,887 |
| Net assets without donor restrictions | $3,282,501 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $3,343,388 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Louisiana Sheriffs Association Group Benefits Tr Baton Rouge, LA | $29,172,289 | $79,789,053 |
Medical And Life Benefits Plan Tr For Hourly Retirees Plano, TX | $192,864,033 | $61,135,347 |
Citgo Employees Benefit Trust Tulsa, OK | $49,627,698 | $95,340,803 |
Ibew-Neca Southwestern Health Benefit Fund Dallas, TX | $75,158,723 | $85,480,690 |
Bellsouth Corporation Rfa Life Veba Trust Dallas, TX | $1,547,867,623 | $70,772,306 |
Fluor Employee Benefit Trust-Veba Irving, TX | $13,657,574 | $75,182,004 |
Pipeline Industry Benefit Fund Tulsa, OK | $71,031,490 | $70,049,110 |
Hensel Phelps Construction Co Employee Benefit Tr Dallas, TX | $6,547,213 | $47,093,090 |
At&t Corp Management & Nonrepresent Employees Postretirement Welfare Dallas, TX | $212,906,982 | $28,513,900 |
M1 Support Services Lp Health And Welfare Trust Fund Denton, TX | $5,543 | $24,736,621 |
Allied Pilots Association Welfare Benefits Master Trust Fort Worth, TX | $221,269,807 | $54,088,207 |
Aramco US Welfare Benefit Plan Trust Houston, TX | $0 | $28,235,247 |