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← IBM CORP MEDICAL & DENTAL BENEFITS PLAN TR P92435

Form 990 for tax year 2023

Filed by IBM CORP MEDICAL & DENTAL BENEFITS PLAN TR P92435.

Totals

Total revenue
$1,032,954,186
Total expenses
$1,039,567,435
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$1,028,092,354
Investment income
$4,630,965
Other revenue
$230,867
Total assets, end of year
$19,419,231
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$19,419,231
Program services expenses (Part IX)
$1,039,562,435
Management and general expenses
$5,000
Fundraising expenses
$0
Program service expenses (Part III)
$1,039,562,435

Program services were 100.0% 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.

  • 2a · Program service revenue: EMPLOYER CONTRIBUTIONS

    total $989,813,558 · related or exempt $989,813,558

  • 2b · Program service revenue: EMPLOYEE CONTRIBUTIONS

    total $38,278,796 · related or exempt $38,278,796

  • 3 · Investment income

    total $4,669,587 · excluded $4,669,587

  • 7a · Gross sales of assets other than inventory

    securities $904,863,685

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

    securities $904,902,307

  • 7c · Gain or loss

    securities -$38,622

  • 7d · Net gain or loss

    total -$38,622 · related or exempt -$38,622

  • 11a · Other revenue: CLASS ACTIONS PROCEEDS

    total $230,867 · excluded $230,867

  • 11e · Other revenue, total

    $230,867

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $1,039,562,435 · program services $1,039,562,435

  • 24a · Other expenses: CUSTODY FEES

    total $5,000 · management and general $5,000

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $108,031 · end of year $119,466

  • 2 · Savings and temporary cash investments

    beginning of year $25,714,275 · end of year $19,191,524

  • 15 · Other assets

    beginning of year $210,173 · end of year $108,241

  • 29 · Capital stock, trust principal or current funds

    beginning of year $26,032,479 · end of year $19,419,231

  • 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 $0 · end of year $0

Mission and programs · 2023

Mission

THE PRIMARY EXEMPT PURPOSE IS TO PROVIDE MEDICAL AND DENTAL BENEFITS TO ELIGIBLE PARTICIPANTS COVERED UNDER THE IBM CORPORATION MEDICAL & DENTAL BENEFITS PLAN TRUST.

Activities or mission (Part I)

SEE PART III, LINE 1

  • TO PROVIDE MEDICAL AND DENTAL BENEFITS TO MEMBERS COVERED UNDER THE IBM CORPORATION MEDICAL AND DENTAL BENEFITS PLAN TRUST.

    Expenses $1,039,562,435

As filed on the 2023 return.

Listed in Part VII

  • Jpmorgan Chase Bank Na

    TRUSTEE

    Total calculated
    $0
    Hours/week
    40

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.

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.

  • ARMONKINTERNATIONAL BUSINESS MACHINES CORP

    C · COMPUTER SOFTWARE · NY · 100% owned

Provenance

Return type
form_990
Tax year
2023
Filed
13 May 2024
IRS schema version
2023v5.0
Source object
202421359349304332

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