Form 990 for tax year 2023
Filed by SOUTHWEST RESEARCH INSTITUTE VOLUNTARY EES BENEFICIARY ASSOCIAT.
Totals
- Total revenue
- $35,094,908
- Total expenses
- $34,962,270
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $34,980,133
- Investment income
- $114,775
- Other revenue
- $0
- Total assets, end of year
- $4,410,088
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $4,410,088
- Program services expenses (Part IX)
- $34,962,270
- Management and general expenses
- $0
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $34,962,270
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 $21,861,172 · related or exempt $21,861,172
-
2b · Program service revenue: Employee Contributions
total $12,636,964 · related or exempt $12,636,964
-
2c · Program service revenue: Cobra Contributions
total $481,997 · related or exempt $481,997
-
3 · Investment income
total $114,775 · excluded $114,775
Functional expenses
Part IX, the statement of functional expenses.
-
4 · Benefits paid to or for members
total $34,944,557 · program services $34,944,557
-
24a · Other expenses: Trustee Fees
total $17,713 · program services $17,713
Balance sheet
Part X, book values.
-
2 · Savings and temporary cash investments
beginning of year $4,277,450 · end of year $4,410,088
-
29 · Capital stock, trust principal or current funds
beginning of year $4,277,450 · end of year $4,410,088
-
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 plan is a self-funded plan that provides health care benefits (medical and dental) to active employees of Southwest Research Institute and other eligible persons.
Activities or mission (Part I)
Provide health care benefits to members & eligible persons
-
Medical and dental benefits for approximately 3,000 members and their dependents.
Expenses $34,962,270 · Revenue $34,980,133
As filed on the 2023 return.
Listed in Part VII
-
Adam Hamilton
President
- Total calculated
- $1,718,720
- From this org
- $0
- From related orgs
- $1,661,889
- Other
- $56,831
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $1,081,105 related
- Bonus
- $0 + $548,000 related
- Other
- $0 + $32,784 related
- Deferred
- $0 + $33,096 related
- Nontaxable benefits
- $0 + $23,735 related
- Filer's total
- $0 + $1,718,720 related
-
WD Downing
Director
- Total calculated
- $1,079,454
- From this org
- $0
- From related orgs
- $1,020,498
- Other
- $58,956
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $729,049 related
- Bonus
- $0 + $239,875 related
- Other
- $0 + $51,574 related
- Deferred
- $0 + $33,096 related
- Nontaxable benefits
- $0 + $25,860 related
- Filer's total
- $0 + $1,079,454 related
-
JD Bates
Director/Former Officer
- Total calculated
- $341,231
- From this org
- $0
- From related orgs
- $341,231
- Other
- $0
- Hours/week
- 0.1 + 3 related
Schedule J breakdown matched by us
- Base
- $0
- Bonus
- $0
- Other
- $0 + $341,231 related
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $0 + $341,231 related
-
Milton B Lee II
Director
- Total calculated
- $40,000
- From this org
- $0
- From related orgs
- $40,000
- Other
- $0
- Hours/week
- 0.1 + 3 related
-
Phillip J Pfeiffer
Director
- Total calculated
- $40,750
- From this org
- $0
- From related orgs
- $40,750
- Other
- $0
- Hours/week
- 0.1 + 3 related
-
Ricardo Romo
Director
- Total calculated
- $16,000
- From this org
- $0
- From related orgs
- $16,000
- Other
- $0
- Hours/week
- 0.1 + 2 related
-
Wayne S Alexander
Director
- Total calculated
- $39,000
- From this org
- $0
- From related orgs
- $39,000
- Other
- $0
- Hours/week
- 0.1 + 3 related
-
Jan L Newton
Vice Chairman
- Total calculated
- $42,500
- From this org
- $0
- From related orgs
- $42,500
- Other
- $0
- Hours/week
- 0.1 + 3 related
-
Eugene L Ames
Director
- Total calculated
- $36,000
- From this org
- $0
- From related orgs
- $36,000
- Other
- $0
- Hours/week
- 0.1 + 2 related
-
Phillip D Green
Director
- Total calculated
- $41,000
- From this org
- $0
- From related orgs
- $41,000
- Other
- $0
- Hours/week
- 0.1 + 3 related
-
Sam G Dawson
Chairman
- Total calculated
- $61,750
- From this org
- $0
- From related orgs
- $61,750
- Other
- $0
- Hours/week
- 0.1 + 3 related
-
Mary Ann Rankin
Director
- Total calculated
- $36,000
- From this org
- $0
- From related orgs
- $36,000
- Other
- $0
- Hours/week
- 0.1 + 2 related
-
Kimberly Lubel
Director
- Total calculated
- $37,000
- From this org
- $0
- From related orgs
- $37,000
- Other
- $0
- Hours/week
- 0.1 + 3 related
-
David S Zachry
Director
- Total calculated
- $0
- Hours/week
- 0.1 + 3 related
-
Frost National Bank
Institutional Trustee
- Total calculated
- $17,713
- From this org
- $17,713
- From related orgs
- $0
- Other
- $0
- Hours/week
- 1
-
B A Rafferty
VP Finance
- Total calculated
- $647,781
- From this org
- $0
- From related orgs
- $593,011
- Other
- $54,770
- Hours/week
- 3 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $448,389 related
- Bonus
- $0 + $114,602 related
- Other
- $0 + $30,020 related
- Deferred
- $0 + $33,096 related
- Nontaxable benefits
- $0 + $21,674 related
- Filer's total
- $0 + $647,781 related
-
Linda Boehme
Treasurer 1/1/2023-5/2/2023
- Total calculated
- $302,362
- From this org
- $0
- From related orgs
- $259,151
- Other
- $43,211
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $184,166 related
- Bonus
- $0 + $50,598 related
- Other
- $0 + $24,387 related
- Deferred
- $0 + $18,221 related
- Nontaxable benefits
- $0 + $24,990 related
- Filer's total
- $0 + $302,362 related
-
Delia Aguilar
Treasurer 05/3/2023-12/31/2023
- Total calculated
- $323,431
- From this org
- $0
- From related orgs
- $283,098
- Other
- $40,333
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $253,211 related
- Bonus
- $0
- Other
- $0 + $29,887 related
- Deferred
- $0 + $27,585 related
- Nontaxable benefits
- $0 + $12,748 related
- Filer's total
- $0 + $323,431 related
-
Byrl B Brockman
Assistant Treasurer
- Total calculated
- $286,326
- From this org
- $0
- From related orgs
- $228,777
- Other
- $57,549
- Hours/week
- 3 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $224,494 related
- Bonus
- $0
- Other
- $0 + $4,283 related
- Deferred
- $0 + $22,994 related
- Nontaxable benefits
- $0 + $34,555 related
- Filer's total
- $0 + $286,326 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
- 4b · Supplemental nonqualified retirement plan
Answered no
- 4a · Severance or change-of-control payment
- 4c · Equity-based compensation arrangement
The filer's explanations (Part III)
- Part I, Line 4b
- Also referencing Form 990, Part VII, Sec. A., Col. (D) and Schedule J, Part II, Col. (B) regarding J. Dan Bates. Southwest Research Insititue (The Institute), a related organization, has a noncontributory defined benefit pension plan which is a grandfathered 457 plan, that was granted to Institute officers who were employed as of April 30, 1981. Benefits are provided through a group annuity contract. The last active participant, J. Dan Bates, retired in September 2014. He will receive a monthly benefit for his lifetime, with a twenty-year guarantee. The actural benefit paid in 2023 was $301,981. Additionally, he received Director's Fees of $39,250.
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.
-
501(c)(3) · Scientific Research · TX
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 15 November 2024
- IRS schema version
- 2023v5.1
- Source object
- 202403209349314410
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
The source document this was parsed from is served over the API, which is where bulk and document access live.