Skip to content
Nonprofiteer
← INTERSTATE REALTY MANAGEMENT CO VOLUNTARY EMPLOYEE BENEFIT TRUST

Form 990 for tax year 2024

Filed by INTERSTATE REALTY MANAGEMENT CO VOLUNTARY EMPLOYEE BENEFIT TRUST.

Totals

Total revenue
$24,901,374
Total expenses
$25,271,060
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$24,546,119
Investment income
$355,255
Other revenue
$0
Total assets, end of year
$11,745,806
Total liabilities, end of year
$2,548,779
Net assets or fund balances, end of year
$9,197,027
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
$0

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 $18,011,032 · related or exempt $18,011,032

  • 2b · Program service revenue: EMPLOYEE CONTRIBUTIONS

    total $6,535,087 · related or exempt $6,535,087

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $355,255 · excluded $355,255

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $19,939,787

  • 11c · Fees: accounting

    total $13,000

  • 11g · Fees: other

    total $356,504

  • 24a · Other expenses: INSURANCE PREMIUMS

    total $4,482,722

  • 24b · Other expenses: ADMINISTRATION FEES

    total $361,650

  • 24c · Other expenses: FEES & LICENSES

    total $98,039

  • 24d · Other expenses: MISCELLANEOUS

    total $19,358

  • 24e · All other expenses

    total $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,098,219 · end of year $981,905

  • 2 · Savings and temporary cash investments

    beginning of year $8,068,148 · end of year $7,318,392

  • 4 · Accounts receivable

    beginning of year $1,546,304 · end of year $3,138,927

  • 5 · Loans and receivables from officers and key people

    end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

  • 10a · Land, buildings and equipment: cost or other basis

    $0

  • 10b · Land, buildings and equipment: accumulated depreciation

    $0

  • 10c · Land, buildings and equipment, net

    end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $330,309 · end of year $306,582

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $0 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,224,221 · end of year $2,548,779

  • 22 · Loans and payables to officers and key people

    end of year $0

  • 25 · Other liabilities

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $9,818,759 · end of year $9,197,027

Mission and programs · 2024

Mission

TO PROVIDE HEALTH, DENTAL, VISION, AND LIFE INSURANCE FOR ALL EMPLOYEES OF THE MICHAELS ORGANIZATION. THIS WAS ACCOMPLISHED BY BOTH EMPLOYEE AND EMPLOYER CONTRIBUTIONS TO THE TRUST FUND, INSURANCE PRODUCTS AND PLAN ADMINISTRATION.

Activities or mission (Part I)

THE TRUST, A SINGLE-EMPLOYER PLAN, PROVIDES HEALTH AND WELFARE BENEFITS TO FULL-TIME EMPLOYEES OF THE MICHAELS ORGANIZATION (THE SPONSOR) AND THEIR ELIGIBLE DEPENDENTS.

  • TO PROVIDE HEALTH, DENTAL, VISION, AND LIFE INSURANCE FOR ALL EMPLOYEES OF THE MICHAELS ORGANIZATION. THIS WAS ACHIEVED BY BOTH EMPLOYER AND EMPLOYEE CONTRIBUTIONS TO THE TRUST FUND, INSURANCE PRODUCTS AND PLAN ADMINISTRATION.

As filed on the 2024 return.

Listed in Part VII

  • Donald L Miller

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • John O'Donell

    TRUSTEE (THRU 08/24)

    Total calculated
    $0
    Hours/week
    1

  • Mark Morgan

    TRUSTEE

    Total calculated
    $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.

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 partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • MICHAELS MANAGEMENT AFFORDABLE LLC

    REAL ESTATE · NJ

Provenance

Return type
form_990
Tax year
2024
Filed
15 March 2026
IRS schema version
2024v5.1
Source object
202600749349300005

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.