Bellsouth Corporation Rfa Life Veba Trust is located in Dallas, TX. The organization was established in 1990. 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. Bellsouth Corporation Rfa Life Veba 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, Bellsouth Corporation Rfa Life Veba Trust generated $70.8m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.1%) each year. All expenses for the organization totaled $79.9m during the year ending 12/2021. 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
TO FUND BENEFIT EXPENSES
Describe the Organization's Program Activity:
Part 3 - Line 4a
PAYMENT OF LIFE INSURANCE BENEFIT EXPENSES FOR AT&T, INC. RETIREES AND THEIR DEPENDENTS AS PERMITTED UNDER IRC 501(C)(9).
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Att Inc Benefit Admin | 12/30/21 | $609,288 |
Bkd Llp Audit Services | 12/30/21 | $135,296 |
Blackrock Inc Investment Mgmt Svcs | 12/30/21 | $121,682 |
State Street Global Advisors Investment Mgmt Svcs | 12/30/21 | $203,481 |
Bank Of New York Mellon Trustee Fee | 12/30/21 | $171,875 |
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 | $14,187,455 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $56,306,018 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $70,772,306 |
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 | $78,559,485 |
Compensation of current officers, directors, key employees. | $171,875 |
Compensation of current officers, directors, key employees. | $0 |
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 | $0 |
Fees for services: Accounting | $135,296 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $421,577 |
Fees for services: Other | $22,770 |
Advertising and promotion | $0 |
Office expenses | $0 |
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 | $0 |
All other expenses | $0 |
Total functional expenses | $79,934,912 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | -$3 |
Savings and temporary cash investments | $1,027,172 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $1,724,787 |
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 | $1,535,933,438 |
Investments—other securities | $9,182,229 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $1,547,867,623 |
Accounts payable and accrued expenses | $340,331 |
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 | $0 |
Total liabilities | $340,331 |
Net assets without donor restrictions | $0 |
Net assets with donor restrictions | $0 |
Capital stock or trust principal, or current funds | $1,547,527,292 |
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 | $1,547,867,623 |
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Bank Of Amercia Retiree Group Benefits Program Dallas, TX | $117,373,753 | $197,895,743 |
Kohls Department Stores Inc Health And Welfare Benefits Trust Dallas, TX | $6,325,809 | $205,972,558 |
T I Employees Health Benefits Trust Dallas, TX | $15,764,500 | $176,812,694 |
Bank Of America Short-Term Disability Plan Trust Dallas, TX | $7,949,000 | $112,905,601 |
Louisiana Sheriffs Association Group Benefits Tr Baton Rouge, LA | $29,172,289 | $79,789,053 |
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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 |