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← RESEARCH FOUNDATION POST RETIREMENT BENEFITS PLAN

Form 990 for tax year 2023

Filed by RESEARCH FOUNDATION POST RETIREMENT BENEFITS PLAN.

Totals

Total revenue
$28,232,047
Total expenses
$28,232,047
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$7,718,920
Investment income
$20,513,127
Other revenue
$0
Total assets, end of year
$306,654,587
Total liabilities, end of year
$306,654,587
Net assets or fund balances, end of year
$0
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: RESEARCH FOUNDATION EMPLOYER FUNDING

    total $5,985,670 · related or exempt $5,985,670

  • 2b · Program service revenue: RESEARCH FOUNDATION PARTICIPANT CONTRIBU

    total $1,733,250 · related or exempt $1,733,250

  • 2f · All other program service revenue

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

  • 3 · Investment income

    total $1,276,842 · unrelated business $153,642 · excluded $1,123,200

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7a · Gross sales of assets other than inventory

    securities $208,057,769 · other assets $17,342,070

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

    securities $191,546,107 · other assets $14,617,447

  • 7c · Gain or loss

    securities $16,511,662 · other assets $2,724,623

  • 7d · Net gain or loss

    total $19,236,285 · excluded $19,236,285

  • 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.

  • 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 $16,663,608

  • 5 · Compensation of officers, directors and key employees

    total $45,431

  • 11a · Fees: management

    total $200,733

  • 11f · Fees: investment management

    total $1,757,008

  • 11g · Fees: other

    total $0

  • 24a · Other expenses: POST-RETIREMENT BENEFITS EXPENSE

    total $9,565,267

  • 24e · All other expenses

    total $0

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $1,784,654 · end of year $1,930,298

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · 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

    beginning of year $0 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $55,264,901 · end of year $66,071,105

  • 12 · Investments: other securities

    beginning of year $234,710,991 · end of year $234,713,487

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $1,171,678 · end of year $3,939,697

  • 17 · Accounts payable and accrued expenses

    beginning of year $553,282 · end of year $382,531

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $292,378,942 · end of year $306,272,056

Mission and programs · 2023

Mission

TO PROVIDE POST-RETIREMENT BENEFITS TO ELIGIBLE PARTICIPANTS.

  • THE FILING ORGANIZATION IS A VOLUNTARY EMPLOYEE BENEFIT ASSOCIATION (VEBA) TRUST, ESTABLISHED TO ACCOMPLISH THE FOLLOWING ACTIVITIES: THE PAYMENT OF HEALTH CARE AND DENTAL RELATED CLAIMS OF ELIGIBLE RETIREES OF THE RESEARCH FOUNDATION FOR THE STATE UNIVERSITY OF NEW YORK (EIN 14-1368361), MANAGEMENT OF THE INVESTMENT PORTFOLIO THAT HAS BEEN FUNDED TO PAY FOR CURRENT AND FUTURE CLAIMS OF THOSE RETIREES, RECEIPT AND PROCESSING OF CONTRIBUTIONS FROM THE RETIREES AS APPLICABLE, AND RECEIPT AND PROCESSING OF FUNDING FROM THE RESEARCH FOUNDATION FOR THE STATE UNIVERSITY OF NEW YORK.

As filed on the 2023 return.

Listed in Part VII

  • BANK OF NEW YORK MELLON

    TRUSTEE

    Total calculated
    $45,431
    From this org
    $45,431
    From related orgs
    $0
    Other
    $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.

Provenance

Return type
form_990
Tax year
2023
Filed
29 October 2024
IRS schema version
2023v5.1
Source object
202423039349300812

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