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← NATIONAL ACADEMY OF SCIENCES RETIRE WELFARE BENEFIT PLAN TR

Form 990 for tax year 2024

Filed by NATIONAL ACADEMY OF SCIENCES RETIRE WELFARE BENEFIT PLAN TR.

Totals

Total revenue
$2,658,461
Total expenses
$1,770,904
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$2,658,461
Other revenue
$0
Total assets, end of year
$69,373,264
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$69,373,264
Program services expenses (Part IX)
$1,326,443
Management and general expenses
$444,461
Fundraising expenses
$0
Program service expenses (Part III)
$1,326,443

Program services were 74.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 3 · Investment income

    total $1,715,219 · excluded $1,715,219

  • 7a · Gross sales of assets other than inventory

    securities $39,685,414

  • 7b · Less cost or other basis and sales expenses

    securities $38,742,172

  • 7c · Gain or loss

    securities $943,242

  • 7d · Net gain or loss

    total $943,242 · excluded $943,242

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $411,821 · management and general $411,821

  • 24a · Other expenses: HEALTH INSURANCE PREMIUMS

    total $1,242,810 · program services $1,242,810

  • 24b · Other expenses: DEBIT CARD ACTIVITY AND ADMINISTRAT

    total $59,642 · program services $59,642

  • 24c · Other expenses: LIFE INSURANCE PREMIUMS

    total $13,137 · program services $13,137

  • 24d · Other expenses: AUDIT AND ACTUARIAL FEES

    total $10,854 · program services $10,854

  • 24e · All other expenses

    total $32,640 · management and general $32,640

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $1,289,555 · end of year $1,126,473

  • 4 · Accounts receivable

    beginning of year $112,305 · end of year $93,111

  • 11 · Investments: publicly traded securities

    beginning of year $64,274,134 · end of year $68,153,680

  • 27 · Net assets without donor restrictions

    beginning of year $65,675,994 · end of year $69,373,264

Mission and programs · 2024

Mission

DESCRIPTION OF ORGANIZATION MISSION: THE REPORTING ORGANIZATION NATIONAL ACADEMY OF SCIENCES RETIREE WELFARE BENEFIT PLAN TRUST (THE TRUST) WAS ORGANIZED AND WILL OPERATE FOR THE BENEFIT OF THE NATIONAL ACADEMY OF SCIENCES (NAS) FOR THE PRIMARY PURPOSE OF HOLDING, MANAGING AND INVESTING CERTAIN ASSETS OF THE NATIONAL ACADEMY OF SCIENCES RETIREE WELFARE BENEFIT PLAN ("PLAN") SAID ASSETS TO BE HELD IN TRUST FOR THE PURPOSE OF PAYING INSURANCE PREMIUMS UNDER THE PLAN ON BEHALF OF ELIGIBLE RETIREES AND OTHER PARTICIPANTS UNDER THE PLAN IN ACCORDANCE WITH THE TERMS OF THE PLAN AND REQUIREMENTS OF THE EMPLOYMENT RETIREMENT INCOME SECURITY ACT (ERISA).

  • HEALTH INSURANCE PREMIUMS

    Expenses $1,242,810

  • DEBIT CARD ACTIVITY AND ADMINISTRATION

    Expenses $59,642

  • LIFE INSURANCE PREMIUMS

    Expenses $13,137

  • Expenses $10,854

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Exeter Trust Company

    TRUSTEE

    Total calculated
    $411,821
    From this org
    $411,821
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2024
Filed
14 November 2025
IRS schema version
2024v5.2
Source object
202543189349306754

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