Form 990 for tax year 2023
Filed by PENNSYLVANIA STATE EDUCATION ASSOCIATION RETIREE BENEFIT TRUST.
Totals
- Total revenue
- $1,700,090
- Total expenses
- $820,461
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $656,299
- Investment income
- $1,043,791
- Other revenue
- $0
- Total assets, end of year
- $36,123,614
- Total liabilities, end of year
- $5,761
- Net assets or fund balances, end of year
- $36,117,853
- Program services expenses (Part IX)
- not reported
- Management and general expenses
- not reported
- Fundraising expenses
- not reported
- Program service expenses (Part III)
- not reported
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.
-
2a · Program service revenue: EMPLOYER CONTRIBUTIONS
total $504,693 · related or exempt $504,693
-
2b · Program service revenue: PARTICIPANTS CONTRIBUTIONS
total $151,606 · related or exempt $151,606
-
3 · Investment income
total $959,533 · excluded $959,533
-
7a · Gross sales of assets other than inventory
securities $125,000
-
7b · Less cost or other basis and sales expenses
securities $40,742
-
7c · Gain or loss
securities $84,258
-
7d · Net gain or loss
total $84,258 · excluded $84,258
Functional expenses
Part IX, the statement of functional expenses.
-
4 · Benefits paid to or for members
total $727,360
-
5 · Compensation of officers, directors and key employees
total $23,266
-
11b · Fees: legal
total $34
-
11c · Fees: accounting
total $16,879
-
11f · Fees: investment management
total $33,100
-
11g · Fees: other
total $10,450
-
23 · Insurance
total $9,372
Balance sheet
Part X, book values.
-
2 · Savings and temporary cash investments
beginning of year $100,156 · end of year $27,537
-
4 · Accounts receivable
beginning of year $20,664 · end of year $55,693
-
11 · Investments: publicly traded securities
beginning of year $32,043,776 · end of year $36,040,384
-
17 · Accounts payable and accrued expenses
beginning of year $5,695 · end of year $5,761
-
27 · Net assets without donor restrictions
beginning of year $32,158,901 · end of year $36,117,853
Mission and programs · 2023
Mission
THE PENNSYLVANIA STATE EDUCATION ASSOCIATION RETIREE BENEFIT TRUST PROVIDES HEALTH AND PRESCRIPTION DRUG BENEFITS ON AN INSURED BASIS FOR CERTAIN RETIREES OF PENNSYLVANIA STATE EDUCATION ASSOCIATION.
-
THE PROGRAM PROVIDES HEALTH AND PRESCRIPTION DRUG BENEFITS ON AN INSURED BASIS. BENEFITS ARE PROVIDED BY THE PLAN PURSUANT TO COLLECTIVE BARGAINING OBLIGATIONS UNDER AGREEMENTS BETWEEN PENNSYLVANIA STATE EDUCATION ASSOCIATION AND THE STAFF ORGANIZATION.
As filed on the 2023 return.
Listed in Part VII
-
Corry SchachernCORRY SCHACHERN
VEBA COMMITTEE MEMBER
- Total calculated
- $219,536
- From this org
- $0
- From related orgs
- $170,662
- Other
- $48,874
- Hours/week
- 1 + 55 related
Schedule J breakdown matched by us
- Base
- $0 + $161,519 related
- Bonus
- $0 + $4,000 related
- Other
- $0 + $5,143 related
- Deferred
- $0 + $6,954 related
- Nontaxable benefits
- $0 + $41,920 related
- Filer's total
- $0 + $219,536 related
-
David P PetruzziDAVID P PETRUZZI
VEBA COMMITTEE MEMBER (ENDING 8/31/23)
- Total calculated
- $257,631
- From this org
- $0
- From related orgs
- $203,884
- Other
- $53,747
- Hours/week
- 1 + 55 related
Schedule J breakdown matched by us
- Base
- $0 + $173,508 related
- Bonus
- $0
- Other
- $0 + $30,376 related
- Deferred
- $0 + $13,233 related
- Nontaxable benefits
- $0 + $40,514 related
- Filer's total
- $0 + $257,631 related
-
Joseph M ThayerJOSEPH M THAYER
VEBA COMMITTEE CHAIRPERSON
- Total calculated
- $258,569
- From this org
- $0
- From related orgs
- $203,621
- Other
- $54,948
- Hours/week
- 1 + 55 related
Schedule J breakdown matched by us
- Base
- $0 + $191,617 related
- Bonus
- $0
- Other
- $0 + $12,004 related
- Deferred
- $0 + $14,694 related
- Nontaxable benefits
- $0 + $40,254 related
- Filer's total
- $0 + $258,569 related
-
Daniel C MercerDANIEL C MERCER
VEBA COMMITTEE MEMBER
- Total calculated
- $215,472
- From this org
- $0
- From related orgs
- $166,228
- Other
- $49,244
- Hours/week
- 1 + 55 related
Schedule J breakdown matched by us
- Base
- $0 + $161,519 related
- Bonus
- $0 + $4,000 related
- Other
- $0 + $709 related
- Deferred
- $0 + $9,924 related
- Nontaxable benefits
- $0 + $39,320 related
- Filer's total
- $0 + $215,472 related
-
Jennifer L WertJENNIFER L WERT
VEBA COMMITTEE MEMBER
- Total calculated
- $210,406
- From this org
- $0
- From related orgs
- $158,235
- Other
- $52,171
- Hours/week
- 1 + 55 related
Schedule J breakdown matched by us
- Base
- $0 + $153,549 related
- Bonus
- $0 + $4,000 related
- Other
- $0 + $686 related
- Deferred
- $0 + $12,877 related
- Nontaxable benefits
- $0 + $39,294 related
- Filer's total
- $0 + $210,406 related
-
Lisa LyterLISA LYTER
ALTERNATE VEBA COMMITTEE M
- Total calculated
- $207,638
- From this org
- $0
- From related orgs
- $168,952
- Other
- $38,686
- Hours/week
- 1 + 55 related
Schedule J breakdown matched by us
- Base
- $0 + $157,878 related
- Bonus
- $0
- Other
- $0 + $11,074 related
- Deferred
- $0 + $18,557 related
- Nontaxable benefits
- $0 + $20,129 related
- Filer's total
- $0 + $207,638 related
-
Aaron F ChapinAARON F CHAPIN
VEBA COMMITTEE MEMBER (ENDING 8/31/23)
- Total calculated
- $205,308
- From this org
- $0
- From related orgs
- $120,445
- Other
- $84,863
- Hours/week
- 1 + 55 related
Schedule J breakdown matched by us
- Base
- $0 + $103,858 related
- Bonus
- $0
- Other
- $0 + $16,587 related
- Deferred
- $0 + $45,450 related
- Nontaxable benefits
- $0 + $39,413 related
- Filer's total
- $0 + $205,308 related
-
John AbeJOHN ABE
VEBA COMMITTEE MEMBER
- Total calculated
- $108,867
- From this org
- $0
- From related orgs
- $79,616
- Other
- $29,251
- Hours/week
- 1 + 40 related
-
Phyllis Heverly FlesherPHYLLIS HEVERLY FLESHER
VEBA COMMITTEE MEMBER
- Total calculated
- $270,767
- From this org
- $0
- From related orgs
- $202,060
- Other
- $68,707
- Hours/week
- 1 + 55 related
Schedule J breakdown matched by us
- Base
- $0 + $193,859 related
- Bonus
- $0
- Other
- $0 + $8,201 related
- Deferred
- $0 + $29,822 related
- Nontaxable benefits
- $0 + $38,885 related
- Filer's total
- $0 + $270,767 related
-
Kelby WaltmanKELBY WALTMAN
VEBA COMMITTEE MEMBER (AS OF 3/6/24)
- Total calculated
- $237,778
- From this org
- $0
- From related orgs
- $204,141
- Other
- $33,637
- Hours/week
- 1 + 55 related
Schedule J breakdown matched by us
- Base
- $0 + $191,617 related
- Bonus
- $0
- Other
- $0 + $12,524 related
- Deferred
- $0 + $14,254 related
- Nontaxable benefits
- $0 + $19,383 related
- Filer's total
- $0 + $237,778 related
-
Jeffrey D NeyJEFFREY D NEY
VEBA COMMITTEE MEMBER (AS OF 9/1/23)
- Total calculated
- $180,115
- From this org
- $0
- From related orgs
- $111,044
- Other
- $69,071
- Hours/week
- 1 + 55 related
Schedule J breakdown matched by us
- Base
- $0 + $93,791 related
- Bonus
- $0
- Other
- $0 + $17,253 related
- Deferred
- $0 + $31,594 related
- Nontaxable benefits
- $0 + $37,477 related
- Filer's total
- $0 + $180,115 related
-
Pnc Bank National AssociationPNC BANK NATIONAL ASSOCIATION
INSTITUTIONAL TRUSTEE
- Total calculated
- $23,266
- From this org
- $23,266
- From related orgs
- $0
- Other
- $0
- Hours/week
- 1
-
Joseph F HowlettJOSEPH F HOWLETT
FORMER VEBA COMMITTEE CHAIRPERSON
- Total calculated
- $234,996
- From this org
- $0
- From related orgs
- $208,488
- Other
- $26,508
- Hours/week
- 0
Schedule J breakdown matched by us
- Base
- $0 + $28,171 related
- Bonus
- $0
- Other
- $0 + $180,317 related
- Deferred
- $0 + $3,954 related
- Nontaxable benefits
- $0 + $22,554 related
- Filer's total
- $0 + $234,996 related
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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
None.
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
The filer's explanations (Part III)
- PART I, LINE 3
- SEE FORM 990, SCHEDULE O DISCLOSURE FOR PART VI, SECTION B, LINE 15.
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
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.
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PENNSYLVANIA STATE EDUCATION ASSOCIATION
501(C)(6) · LABOR UNION/PROFESSIONAL ASSOCIATION · PA
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 18 March 2025
- IRS schema version
- 2023v6.0
- Source object
- 202510789349300006
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