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← NYSUT RETIREE VEBA HEALTH FUND

Form 990 for tax year 2024

Filed by NYSUT RETIREE VEBA HEALTH FUND.

Totals

Total revenue
$14,390,641
Total expenses
$12,308,674
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$11,585,035
Investment income
$2,805,606
Other revenue
$0
Total assets, end of year
$50,631,962
Total liabilities, end of year
$83,533
Net assets or fund balances, end of year
$50,548,429
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: SPONSOR CONTRIBUTIONS

    total $11,133,122 · related or exempt $11,133,122

  • 2b · Program service revenue: PARTICIPANT CONTRIBUTIONS

    total $451,913 · related or exempt $451,913

  • 3 · Investment income

    total $1,052,105 · related or exempt $1,052,105

  • 7a · Gross sales of assets other than inventory

    securities $6,010,012

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

    securities $4,256,511

  • 7c · Gain or loss

    securities $1,753,501

  • 7d · Net gain or loss

    total $1,753,501 · related or exempt $1,753,501

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $12,085,013

  • 11c · Fees: accounting

    total $16,200

  • 11f · Fees: investment management

    total $140,128

  • 11g · Fees: other

    total $67,333

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $4 · end of year $3

  • 2 · Savings and temporary cash investments

    beginning of year $492,452 · end of year $291,408

  • 4 · Accounts receivable

    beginning of year $63,688 · end of year $65,002

  • 11 · Investments: publicly traded securities

    beginning of year $32,114,092 · end of year $35,048,810

  • 12 · Investments: other securities

    beginning of year $13,739,189 · end of year $15,226,739

  • 25 · Other liabilities

    beginning of year $92,000 · end of year $83,533

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $46,317,425 · end of year $50,548,429

Mission and programs · 2024

Mission

TO PROVIDE FOR FUNDING AND PAYMENT OF RETIREE MEDICAL BENEFITS FORRETIRED STAFF OF NEW YORK STATE UNITED TEACHERS

Activities or mission (Part I)

EMPLOYEE BENEFIT FUND

  • TO PROVIDE FOR FUNDING AND PAYMENT OF RETIREE MEDICAL BENEFITS FORRETIRED STAFF OF NEW YORK STATE UNITED TEACHERS.

As filed on the 2024 return.

Listed in Part VII

  • J Philippe Abraham

    TRUSTEE

    Total calculated
    $265,154
    From this org
    $0
    From related orgs
    $165,584
    Other
    $99,570
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $0 + $145,044 related
    Bonus
    $0
    Other
    $0 + $20,540 related
    Deferred
    $0 + $43,306 related
    Nontaxable benefits
    $0 + $56,264 related
    Filer's total
    $0 + $265,154 related
  • Jeffrey J Lockwood

    TRUSTEE/CHAIRPERSON

    Total calculated
    $345,374
    From this org
    $0
    From related orgs
    $222,424
    Other
    $122,950
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $0 + $222,424 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $58,678 related
    Nontaxable benefits
    $0 + $64,272 related
    Filer's total
    $0 + $345,374 related
  • Pranvera Syla

    TRUSTEE

    Total calculated
    $188,937
    From this org
    $0
    From related orgs
    $107,784
    Other
    $81,153
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $0 + $107,784 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $26,256 related
    Nontaxable benefits
    $0 + $54,897 related
    Filer's total
    $0 + $188,937 related
  • Emily B Samuels

    TRUSTEE

    Total calculated
    $261,934
    From this org
    $0
    From related orgs
    $167,327
    Other
    $94,607
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $0 + $167,327 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $40,338 related
    Nontaxable benefits
    $0 + $54,269 related
    Filer's total
    $0 + $261,934 related
  • Elizabeth Vignaux

    TRUSTEE/SECRETARY

    Total calculated
    $291,037
    From this org
    $0
    From related orgs
    $186,306
    Other
    $104,731
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $0 + $185,082 related
    Bonus
    $0
    Other
    $0 + $1,224 related
    Deferred
    $0 + $44,655 related
    Nontaxable benefits
    $0 + $60,076 related
    Filer's total
    $0 + $291,037 related
  • Lauren Ryba

    TRUSTEE

    Total calculated
    $302,462
    From this org
    $0
    From related orgs
    $213,732
    Other
    $88,730
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $0 + $213,732 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $50,908 related
    Nontaxable benefits
    $0 + $37,822 related
    Filer's total
    $0 + $302,462 related
  • Gregory Ainsley

    TRUSTEE

    Total calculated
    $282,944
    From this org
    $0
    From related orgs
    $195,293
    Other
    $87,651
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $0 + $195,293 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $46,547 related
    Nontaxable benefits
    $0 + $41,104 related
    Filer's total
    $0 + $282,944 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)

990 SCHEDULE J, PART II, J. PHILIPPE ABRAHAM
THIS OFFICER WAS UNDER A COMPENSATION ARRANGEMENT FOR 2024 WHERE A RELATED ORGANIZATION TO THE FILING ORGANIZATION PAYS SOME OF THIS OFFICER'S COMPENSATION AND AN UNRELATED ORGANIZATION (UNITED UNIVERSITY PROFESSIONS) PAYS THE REMAINDER OF THE COMPENSATION. FOR 2024, THE AMOUNT PAID TO J. PHILIPPE ABRAHAM BY UNITED UNIVERSITY PROFESSIONS TOTALED $180,696 WHICH INCLUDES WAGES, RETIREMENT, AND NONTAXABLE BENEFITS.

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • NYSUT MEMBER BENEFITS CORPORATION

    C · MEMBER BENEFIT DISCOUNTS · NY

Provenance

Return type
form_990
Tax year
2024
Filed
13 January 2026
IRS schema version
2024v5.5
Source object
202600139349302055

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