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Nonprofiteer
← AAR-NRLC GROUP INSURANCE TRUST

Form 990 for tax year 2022

Filed by AAR-NRLC GROUP INSURANCE TRUST.

Totals

Total revenue
$125,583
Total expenses
$162,607
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$125,583
Other revenue
$0
Total assets, end of year
$5,052,146
Total liabilities, end of year
$93,310
Net assets or fund balances, end of year
$4,958,836
Program services expenses (Part IX)
$127,315
Management and general expenses
$35,292
Fundraising expenses
$0
Program service expenses (Part III)
$127,315

Program services were 78.3% 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.

  • 2f · All other program service revenue

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

  • 3 · Investment income

    total $133,688 · related or exempt $133,688 · unrelated business $0 · excluded $0

  • 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

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7a · Gross sales of assets other than inventory

    securities $2,357,346 · other assets $0

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

    securities $2,365,451 · other assets $0

  • 7c · Gain or loss

    securities -$8,105 · other assets $0

  • 7d · Net gain or loss

    total -$8,105 · related or exempt -$8,105 · 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 $127,315 · program services $127,315

  • 11c · Fees: accounting

    total $8,195 · management and general $8,195

  • 11f · Fees: investment management

    total $26,694 · management and general $26,694

  • 13 · Office expenses

    total $403 · management and general $403

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $7,990 · end of year $93,452

  • 2 · Savings and temporary cash investments

    beginning of year $24,455 · end of year $27,366

  • 11 · Investments: publicly traded securities

    beginning of year $2,282,064 · end of year $1,369,696

  • 12 · Investments: other securities

    beginning of year $3,758,936 · end of year $3,561,632

  • 17 · Accounts payable and accrued expenses

    beginning of year $37,495 · end of year $93,310

  • 25 · Other liabilities

    beginning of year $0 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $0 · end of year $0

  • 28 · Net assets with donor restrictions

    beginning of year $6,035,950 · end of year $4,958,836

Mission and programs · 2022

Mission

TO PROVIDE RETIREE LIFE INSURANCE TO PLAN PARTICIPANTS.

  • PROGRAM PROVIDES GROUP LIFE INSURANCE COVERAGE TO PLAN PARTICIPANTS WHO ARE FORMER EMPLOYEES OF THE ASSOCIATION OF AMERICAN RAILROADS AND ITS TWO WHOLLY-OWNED SUBSIDIARIES.

    Expenses $127,315

As filed on the 2022 return.

Listed in Part VII

  • Paul Hedrick

    SVP-FINANCE & ADMINISTRATION AND CFO

    Total calculated
    $536,662
    From this org
    $0
    From related orgs
    $474,739
    Other
    $61,923
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $355,084 related
    Bonus
    $0 + $116,130 related
    Other
    $0 + $3,525 related
    Deferred
    $0 + $23,374 related
    Nontaxable benefits
    $0 + $45,254 related
    Filer's total
    $0 + $543,367 related

  • Carla Garcia-Harrell

    RLIT TRUSTEE - Through 11/2022

    Total calculated
    $347,658
    From this org
    $0
    From related orgs
    $252,664
    Other
    $94,994
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $213,716 related
    Bonus
    $0 + $35,795 related
    Other
    $0 + $3,152 related
    Deferred
    $0 + $60,328 related
    Nontaxable benefits
    $0 + $37,483 related
    Filer's total
    $0 + $350,474 related

  • Brian Crowley

    RLIT TRUSTEE

    Total calculated
    $124,868
    From this org
    $0
    From related orgs
    $103,619
    Other
    $21,249
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $86,088 related
    Bonus
    $0 + $16,512 related
    Other
    $0 + $1,019 related
    Deferred
    $0 + $2,728 related
    Nontaxable benefits
    $0 + $20,687 related
    Filer's total
    $0 + $127,034 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

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement

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.

Provenance

Return type
form_990
Tax year
2022
Filed
15 November 2023
IRS schema version
2022v5.0
Source object
202333189349306503

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