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Nonprofiteer
← AAR-NRLC GROUP INSURANCE TRUST

Form 990 for tax year 2024

Filed by AAR-NRLC GROUP INSURANCE TRUST.

Totals

Total revenue
$337,093
Total expenses
$158,438
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$337,093
Other revenue
$0
Total assets, end of year
$5,799,223
Total liabilities, end of year
$3,785
Net assets or fund balances, end of year
$5,795,438
Program services expenses (Part IX)
$114,071
Management and general expenses
$44,367
Fundraising expenses
$0
Program service expenses (Part III)
$114,071

Program services were 72.0% 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.

  • 3 · Investment income

    total $207,454 · related or exempt $207,454 · 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 $945,656 · other assets $0

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

    securities $816,017 · other assets $0

  • 7c · Gain or loss

    securities $129,639 · other assets $0

  • 7d · Net gain or loss

    total $129,639 · related or exempt $129,639 · 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 · program services $0

  • 2 · Grants to domestic individuals

    total $0 · program services $0

  • 3 · Grants to foreign organizations and individuals

    total $0 · program services $0

  • 4 · Benefits paid to or for members

    total $114,071 · program services $114,071

  • 5 · Compensation of officers, directors and key employees

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 6 · Compensation of disqualified persons

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 7 · Other salaries and wages

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 8 · Pension plan contributions

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 9 · Other employee benefits

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 10 · Payroll taxes

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 11a · Fees: management

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 11b · Fees: legal

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 11c · Fees: accounting

    total $15,785 · program services $0 · management and general $15,785 · fundraising $0

  • 11d · Fees: lobbying

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 11e · Fees: professional fundraising services

    total $0 · fundraising $0

  • 11f · Fees: investment management

    total $28,582 · program services $0 · management and general $28,582 · fundraising $0

  • 11g · Fees: other

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 12 · Advertising and promotion

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 13 · Office expenses

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 14 · Information technology

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 15 · Royalties

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 16 · Occupancy

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 17 · Travel

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 18 · Travel or entertainment for public officials

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 19 · Conferences, conventions and meetings

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 20 · Interest

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 21 · Payments to affiliates

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 22 · Depreciation, depletion and amortization

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 23 · Insurance

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 24e · All other expenses

    total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $7,904 · end of year $8,181

  • 2 · Savings and temporary cash investments

    beginning of year $31,814 · end of year $35,594

  • 11 · Investments: publicly traded securities

    beginning of year $2,424,280 · end of year $5,755,448

  • 12 · Investments: other securities

    beginning of year $3,015,941 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $4,884 · end of year $3,785

  • 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 $5,475,055 · end of year $5,795,438

Mission and programs · 2024

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 $114,071

As filed on the 2024 return.

Listed in Part VII

  • PAUL HEDRICK

    RLIT TRUSTEE

    Total calculated
    $683,758
    From this org
    $0
    From related orgs
    $610,786
    Other
    $72,972
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $440,596 related
    Bonus
    $0 + $163,249 related
    Other
    $0 + $6,941 related
    Deferred
    $0 + $28,119 related
    Nontaxable benefits
    $0 + $50,768 related
    Filer's total
    $0 + $689,673 related

  • BRIAN CROWLEY

    RLIT TRUSTEE

    Total calculated
    $355,334
    From this org
    $0
    From related orgs
    $289,477
    Other
    $65,857
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $237,743 related
    Bonus
    $0 + $49,062 related
    Other
    $0 + $2,672 related
    Deferred
    $0 + $22,645 related
    Nontaxable benefits
    $0 + $47,757 related
    Filer's total
    $0 + $359,879 related

  • TAMMY BREGAR

    RLIT TRUSTEE

    Total calculated
    $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. 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
2024
Filed
14 November 2025
IRS schema version
2024v5.0
Source object
202523109349303162

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