Form 990 for tax year 2024

Filed by NEA MEMBERS INSURANCE TRUST.

Totals

Total revenue: $92,519,780
Total expenses: $95,364,348
Contributions and grants received: $0
Grants paid: $0
Program service revenue: $84,112,062
Investment income: $8,407,718
Other revenue: $0
Total assets, end of year: $120,257,196
Total liabilities, end of year: $20,540,403
Net assets or fund balances, end of year: $99,716,793
Program services expenses (Part IX): $0
Management and general expenses: $0
Fundraising expenses: $0
Program service expenses (Part III): $0

Program services were 0.0% 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.

1a · Federated campaigns

$0
1b · Membership dues

$0
1c · Fundraising events

$0
1d · Related organizations

$0
1e · Government grants (contributions)

$0
1f · All other contributions, gifts and grants

$0
1g · Noncash contributions included above

$0
2a · Program service revenue: NEA MEMBER CONTRB- PREF-TERM

total $1,430,327 · related or exempt $1,430,327 · unrelated business $0 · excluded $0
2b · Program service revenue: NEA MEMBER CONTRB-LIFE/ADD

total $82,681,735 · related or exempt $82,681,735 · unrelated business $0 · excluded $0
2f · All other program service revenue

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
3 · Investment income

total $4,618,204 · related or exempt $0 · unrelated business $0 · excluded $4,618,204
4 · Income from investment of tax-exempt bond proceeds

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

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
6a · Gross rents

real property $0 · personal property $0
6b · Less rental expenses

real property $0 · personal property $0
6c · Rental income or loss

real property $0 · personal property $0
6d · Net rental income or loss

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
7a · Gross sales of assets other than inventory

securities $43,504,634 · other assets $0
7b · Less cost or other basis and sales expenses

securities $39,715,120 · other assets $0
7c · Gain or loss

securities $3,789,514 · other assets $0
7d · Net gain or loss

total $3,789,514 · related or exempt $0 · unrelated business $0 · excluded $3,789,514
8a · Fundraising events: contributions included on line 1c

$0
11e · Other revenue, total

$0

Functional expenses

Part IX, the statement of functional expenses.

1 · Grants to domestic organizations and governments

total $0
2 · Grants to domestic individuals

total $0
3 · Grants to foreign organizations and individuals

total $0
4 · Benefits paid to or for members

total $68,795,400
5 · Compensation of officers, directors and key employees

total $0
11a · Fees: management

total $3,952,402
11b · Fees: legal

total $19,978
11c · Fees: accounting

total $49,440
11d · Fees: lobbying

total $0
11e · Fees: professional fundraising services

total $0
11f · Fees: investment management

total $299,303
11g · Fees: other

total $3,006,567
12 · Advertising and promotion

total $18,935,117
13 · Office expenses

total $75,558
14 · Information technology

total $222,411
17 · Travel

total $8,172

Balance sheet

Part X, book values.

2 · Savings and temporary cash investments

beginning of year $32,144,707 · end of year $28,639,224
11 · Investments: publicly traded securities

beginning of year $73,761,239 · end of year $70,753,998
12 · Investments: other securities

beginning of year $14,677,044 · end of year $17,363,614
15 · Other assets

beginning of year $3,350,601 · end of year $3,500,360
17 · Accounts payable and accrued expenses

beginning of year $7,590,023 · end of year $4,987,976
19 · Deferred revenue

beginning of year $11,026,426 · end of year $10,681,905
25 · Other liabilities

beginning of year $5,050,207 · end of year $4,870,522
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 $100,266,935 · end of year $99,716,793

Mission and programs · 2024

Mission

To provide certain employee welfare benefits to National Education Association(NEA) members and their dependents, pursuant to the NEA Members Insurance Plan.

To provide voluntarily purchase life and accidental death and dismemberment insurance to the 3 million NEA members and their dependents. Provide the Complimentary Life program at no cost to the members.

As filed on the 2024 return.

Listed in Part VII

Noel Candelaria

Chairperson

Total calculated

$507,187

From this org

$0

From related orgs

$370,836

Other

$136,351

Hours/week

1 + 36 related

Schedule J breakdown matched by us

Base

$0 + $281,030 related

Bonus

$0

Other

$0 + $89,807 related

Deferred

$0 + $95,957 related

Nontaxable benefits

$0 + $40,395 related

Filer's total

$0 + $507,189 related
Michael McPherson

Trustee

Total calculated

$0

Hours/week

1
Mary Ann Blankenship

Trustee

Total calculated

$0

Hours/week

1
Debra Goldberg

Trustee

Total calculated

$0

Hours/week

1
Tyrone Hendrix

Trustee

Total calculated

$0

Hours/week

1
Susan Hussar

Trustee

Total calculated

$0

Hours/week

1
Judy Schaubach

Trustee

Total calculated

$0

Hours/week

1
Denise Specht

Trustee

Total calculated

$0

Hours/week

1
Dennis Van Roekel

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. 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)

Schedule J, Part I, Line 3: The organization relied on a related organization that used one or more of the methods described to establish the top management official's compensation.

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.

National Education Association of the United States

501(c)(5) · Labor Union · DC

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.

NEA Member Benefits

C · Marketing · DC · 0% owned

Provenance

Return type: form_990
Tax year: 2024
Filed: 28 May 2026
IRS schema version: 2024v5.0
Source object: 202601549349301655

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