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← RETIREMENT BENEFIT PLAN TRUST FOR EMPLOYEES OF UNIVERSITY MEDICAL

Form 990 for tax year 2023

Filed by RETIREMENT BENEFIT PLAN TRUST FOR EMPLOYEES OF UNIVERSITY MEDICAL.

Totals

Total revenue
$620,986
Total expenses
$976,198
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$182,877
Investment income
$436,083
Other revenue
$2,026
Total assets, end of year
$3,977,787
Total liabilities, end of year
$246,387
Net assets or fund balances, end of year
$3,731,400
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
$976,198

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: PARTICIPANT CONTRIBUTIONS

    total $182,877 · related or exempt $182,877

  • 2f · All other program service revenue

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

  • 3 · Investment income

    total $102,221 · excluded $102,221

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7a · Gross sales of assets other than inventory

    securities $2,750,642

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

    securities $2,416,780

  • 7c · Gain or loss

    securities $333,862 · other assets $0

  • 7d · Net gain or loss

    total $333,862 · excluded $333,862

  • 11a · Other revenue: MUTUAL FUND REBATE

    total $2,026 · excluded $2,026

  • 11d · All other revenue

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

  • 11e · Other revenue, total

    $2,026

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $952,215

  • 11g · Fees: other

    total $23,983

  • 24e · All other expenses

    total $0

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $141,271 · end of year $3,376

  • 4 · Accounts receivable

    beginning of year $4,347 · end of year $4,675

  • 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 $4,671,247 · end of year $3,969,736

  • 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 $623,002 · end of year $69,134

  • 22 · Loans and payables to officers and key people

    end of year $0

  • 25 · Other liabilities

    beginning of year $158,072 · end of year $177,253

  • 29 · Capital stock, trust principal or current funds

    beginning of year $4,035,791 · end of year $3,731,400

Mission and programs · 2023

Mission

THE VOLUNTARY EMPLOYMENT BENEFIT ASSOCIATION TRUST HAS BEEN ESTABLISHED TO PROVIDE HEALTH AND DENTAL BENEFITS TO THE RETIRED FORMER EMPLOYEES OF UNIVERSITY MEDICAL ASSOCIATES, CAROLINA PRIMARY CARE PHYSICIANS, PA, MUSC HEALTH PARTNERS, AND CAROLINA HEALTH MANAGEMENT SERVICES IN ACCORDANCE WITH THE PLAN PROVISIONS.

Activities or mission (Part I)

VOLUNTARY EMPLOYEE BENEFICIARY ASSOCIATION TRUST ESTABLISHED TO PROVIDE HEALTH AND DENTAL BENEFITS TO QUALIFIED RETIREES OF UNIVERSITY MEDICAL ASSOCIATES AND ITS AFFILIATES.

  • VOLUNTARY EMPLOYEE BENEFIT ASSOCIATION TRUST HAS BEEN ESTABLISHED TO PROVIDE HEALTH AND DENTAL BENEFITS TO THE RETIRED FORMER EMPLOYEES OF UNIVERSITY MEDICAL ASSOCIATES, CAROLINA PRIMARY CARE PHYSICIANS, PA, MUSC HEALTH PARTNERS, AND CAROLINA HEALTH MANAGEMENT SERVICES IN ACCORDANCE WITH THE PLAN PROVISIONS.

    Expenses $976,198 · Revenue $182,877

As filed on the 2023 return.

Listed in Part VII

  • Wells Fargo NA

    Trustee

    Total calculated
    $23,983
    From this org
    $23,983
    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
14 May 2025
IRS schema version
2023v6.0
Source object
202521349349306137

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