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← AURA RETIREE HEALTH BENEFIT TR

Form 990 for tax year 2024

Filed by AURA RETIREE HEALTH BENEFIT TR.

Totals

Total revenue
$3,035,661
Total expenses
$201,244
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$3,033,062
Other revenue
$2,599
Total assets, end of year
$50,982,392
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$50,982,392
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.

  • 3 · Investment income

    total $1,212,683 · excluded $1,212,683

  • 7a · Gross sales of assets other than inventory

    securities $25,895,281

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

    securities $24,074,902

  • 7c · Gain or loss

    securities $1,820,379

  • 7d · Net gain or loss

    total $1,820,379 · excluded $1,820,379

  • 11d · All other revenue

    total $2,599 · related or exempt $2,599

  • 11e · Other revenue, total

    $2,599

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $33,925

  • 11c · Fees: accounting

    total $56,671

  • 11f · Fees: investment management

    total $110,648

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $1,349,897 · end of year $509,547

  • 4 · Accounts receivable

    beginning of year $123,729 · end of year $38,536

  • 11 · Investments: publicly traded securities

    beginning of year $44,526,922 · end of year $50,434,309

  • 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 $46,000,548 · end of year $50,982,392

Mission and programs · 2024

Mission

PLAN PROVIDES HEALTH BENEFITS TO ELIGIBLE RETIRED AND FORMER EMPLOYEES OF THE ASSOCIATION OF UNIVERSITIES FOR RESEARCH IN ASTRONOMY, INC. (AURA).

Activities or mission (Part I)

TO PROVIDE RETIREMENT HEALTH BENEFITS.

  • PLAN PROVIDES BENEFITS TO ELIGIBLE RETIRED AND FORMER EMPLOYEES OF THE ASSOCIATION OF UNIVERSITIES FOR RESEARCH IN ASTRONOMY, INC. (AURA).

As filed on the 2024 return.

Listed in Part VII

  • Pnc Bank

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • Charles Mountain

    PRESIDENT

    Total calculated
    $667,437
    From this org
    $0
    From related orgs
    $603,661
    Other
    $63,776
    Hours/week
    1 + 41 related

    Schedule J breakdown matched by us

    Base
    $0 + $586,298 related
    Bonus
    $0 + $10,000 related
    Other
    $0 + $7,363 related
    Deferred
    $0 + $34,500 related
    Nontaxable benefits
    $0 + $29,276 related
    Filer's total
    $0 + $667,437 related

  • Barbara Lam

    VP OF OPERATIONS/CFO

    Total calculated
    $402,229
    From this org
    $0
    From related orgs
    $335,494
    Other
    $66,735
    Hours/week
    1 + 41 related

    Schedule J breakdown matched by us

    Base
    $0 + $325,320 related
    Bonus
    $0 + $10,000 related
    Other
    $0 + $174 related
    Deferred
    $0 + $33,005 related
    Nontaxable benefits
    $0 + $33,730 related
    Filer's total
    $0 + $402,229 related

  • Nanci Reich

    DIRECTOR OF CORPORATE GOVERNANCE

    Total calculated
    $199,865
    From this org
    $0
    From related orgs
    $151,222
    Other
    $48,643
    Hours/week
    1 + 41 related

    Schedule J breakdown matched by us

    Base
    $0 + $148,785 related
    Bonus
    $0 + $1,620 related
    Other
    $0 + $817 related
    Deferred
    $0 + $15,411 related
    Nontaxable benefits
    $0 + $33,232 related
    Filer's total
    $0 + $199,865 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

  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement

The filer's explanations (Part III)

PART I, LINE 3
AURA'S COMPENSATION POLICY SET STANDARDS AND PROCEDURES MONITORED AND ENFORCED BY THE HUMAN RESOURCE (HR) DEPARTMENT. THE HR DEPARTMENT PERFORMS A COMPARABILITY DATA ANALYSIS RELATED TO THE PRESIDENT'S, VICE PRESIDENTS'(VPS), CENTER DIRECTORS', AND CENTER KEY EMPLOYEES' COMPENSATION USING VARIOUS TOOLS AND EXTERNAL RESOURCES DURING THE HIRING PROCESS. THE ORIGINAL COMPENSATION DURING THE HIRING PROCESS FOR THE PRESIDENT IS REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS. THE ORIGINAL COMPENSATION DURING THE HIRING PROCESS FOR THE DIRECTORS AND VPS IS REVIEWED AND APPROVED BY THE PRESIDENT. THE ORIGINAL COMPENSATION DURING THE HIRING PROCESS FOR CENTER KEY EMPLOYEES IS DETERMINED BY THE RESPECTIVE CENTER DIRECTOR. THE PRESIDENT'S TOTAL COMPENSATION IS REVIEWED EACH YEAR AND COMPARED TO COMPENSATION BENCHMARKS FOR COMPARABLE COMPANIES. ANNUALLY, MERIT INCREASES FOR THE PRESIDENT, DIRECTORS, AND CENTER KEY EMPLOYEES ARE REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS AND THE VPS COMPENSATION IS REVIEWED AND APPROVED BY THE PRESIDENT. AURA'S HR DEPARTMENT RETAINS THE DOCUMENTATION OF THE COMPENSATION APPROVAL BY THE BOARD OF DIRECTORS. THE PROCESS DESCRIBED HERE WAS LAST COMPLETED IN 2025.
PART I, LINE 4B
AURA, INC., THE RELATED ORGANIZATION, MAINTAINED A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN FOR CHARLES MOUNTAIN. THERE WERE NO CONTRIBUTIONS, DISTRIBUTIONS, OR AMOUNTS VESTED INTO THE PLAN IN 2024.

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.

  • ASSOCIATION OF UNIVERSITIES FOR RESEARCH IN ASTRONOMY INC

    501(C)(3) · SCIENCE; RESEARCH IN ASTRONOMY · AZ

Provenance

Return type
form_990
Tax year
2024
Filed
11 August 2026
IRS schema version
2024v5.5
Source object
202622249349302302

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