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← HEALTH RESEARCH INC POSTRETIREMENT HEALTH BENEFITS TRUST

Form 990 for tax year 2023

Filed by HEALTH RESEARCH INC POSTRETIREMENT HEALTH BENEFITS TRUST.

Totals

Total revenue
$4,724,092
Total expenses
$2,912,970
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$2,519,598
Investment income
$2,204,494
Other revenue
$0
Total assets, end of year
$120,325,911
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$120,325,911
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

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: HEALTH RESEARCH, INC. CONTRIBUTIO

    total $2,519,598 · related or exempt $2,519,598

  • 3 · Investment income

    total $2,446,269 · excluded $2,446,269

  • 7a · Gross sales of assets other than inventory

    securities $20,229,945

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

    securities $20,471,720

  • 7c · Gain or loss

    securities -$241,775

  • 7d · Net gain or loss

    total -$241,775 · excluded -$241,775

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $2,792,500

  • 11f · Fees: investment management

    total $120,470

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $6,692,669 · end of year $6,761,456

  • 4 · Accounts receivable

    beginning of year $186,231 · end of year $194,611

  • 11 · Investments: publicly traded securities

    beginning of year $98,367,644 · end of year $113,369,844

  • 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 $105,246,544 · end of year $120,325,911

Mission and programs · 2023

Mission

THE PLAN IS A VOLUNTARY EMPLOYEES' BENEFICIARY ASSOCIATION (VEBA) PLAN ESTABLISHED TO REIMBURSE RETIREE MEDICAL EXPENSES TO ELIGIBLE RETIRED EMPLOYEES OF HEALTH RESEARCH, INC.

Activities or mission (Part I)

THE PLAN IS A VOLUNTARY EMPLOYEES' BENEFICIARY ASSOCIATION (VEBA) PLAN ESTABLISHED TO REIMBURSE RETIREE MEDICAL EXPENSES TO ELIGIBLE EMPLOYEES OF HEALTH RESEARCH, INC.

  • THE PLAN PROVIDES REIMBURSEMENT OF POST-RETIREMENT HEALTH (MEDICAL, HOSPITALIZATION, AND PRESCRIPTION DRUG) EXPENSES TO CERTAIN RETIRED EMPLOYEES OF HEALTH RESEARCH, INC.(PARTICIPANTS) WHO HAVE COMPLETED A REQUIRED NUMBER OF YEARS OF SERVICE (AS SET FORTH IN THE PLAN DOCUMENT) UPON RETIREMENT AND ARE ELIGIBLE TO RECEIVE A PENSION FROM THE NEW YORK STATE EMPLOYEE RETIREMENT SYSTEM.

As filed on the 2023 return.

Listed in Part VII

  • Cheryl Mattox

    EXECUTIVE DIRECTOR OF PLAN

    Total calculated
    $232,903
    From this org
    $0
    From related orgs
    $176,741
    Other
    $56,162
    Hours/week
    1 + 38 related

    Schedule J breakdown matched by us

    Base
    $0 + $146,741 related
    Bonus
    $0
    Other
    $0 + $30,000 related
    Deferred
    $0 + $26,335 related
    Nontaxable benefits
    $0 + $29,827 related
    Filer's total
    $0 + $232,903 related

  • Michael Nazarko

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • James V McDonald

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Andrew Ruby

    SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Candace Johnson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2

  • Tim Reynolds

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2

  • Justin P Runke Esq

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2

  • Mary Applegate

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2

  • Michael B Sexton Esq

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2

  • Teresa Makarowsky

    CORPORATE CONTROLLER OF PL

    Total calculated
    $208,097
    From this org
    $0
    From related orgs
    $154,296
    Other
    $53,801
    Hours/week
    1 + 38 related

    Schedule J breakdown matched by us

    Base
    $0 + $149,590 related
    Bonus
    $0
    Other
    $0 + $4,706 related
    Deferred
    $0 + $22,990 related
    Nontaxable benefits
    $0 + $30,811 related
    Filer's total
    $0 + $208,097 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

  • 3 · Approval by the board or compensation committee

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)

PART II, COLUMN B (III) - OTHER REPORTABLE COMPENSATION
THIS AMOUNT REPRESENTS EMPLOYEE CONTRIBUTIONS OF THEIR BASE COMPENSATION TO AN INDIVIDUAL DEFERRED COMPENSATION PLAN.

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
2023
Filed
7 August 2024
IRS schema version
2023v5.1
Source object
202432219349300638

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