New Jersey Ins Underwriting Assoc Retirement Medical Benefit Trust

Organization Overview

New Jersey Ins Underwriting Assoc Retirement Medical Benefit Trust is located in Newark, NJ. The organization was established in 2015. According to its NTEE Classification (Y20) the organization is classified as: Insurance Providers, 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. New Jersey Ins Underwriting Assoc Retirement Medical Benefit Trust 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, New Jersey Ins Underwriting Assoc Retirement Medical Benefit Trust generated $250.7k 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 (20.5%) each year. All expenses for the organization totaled $211.6k 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

TO PROVIDE A WELFARE BENEFITS PLAN FOR ALL ELIGIBLE RETIREES, AS WELL AS THEIR DEPENDENTS, OF THE NEW JERSEY INSURANCE UNDERWRITING ASSOCIATION.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROVIDE WELFARE BENEFITS PLANS FOR ELIGIBLE RETIREES, AS WELL AS THEIR DEPENDENTS, OF THE NEW JERSEY INSURANCE UNDERWRITING ASSOCIATION. IN 2021, THERE WERE 44 PARTICIPANTS WHICH WERE COMPROMISED OF 37 RETIREES AND 7 SPOUSES.


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Board, Officers & Key Employees

Name (title)Compensation
Albert Chin
Director
$0
Jennifer Peaks
Director
$0
Steve Mutterperl
Director
$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$211,578
Investment income $39,137
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 $250,715

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