Form 990 for tax year 2023

Filed by RAND RETIREE MEDICAL BENEFIT TR.

Totals

Total revenue: $638,643
Total expenses: $1,246,110
Contributions and grants received: $0
Grants paid: $0
Program service revenue: $236,246
Investment income: $402,397
Other revenue: $0
Total assets, end of year: $26,021,037
Total liabilities, end of year: $46,571
Net assets or fund balances, end of year: $25,974,466
Program services expenses (Part IX): $1,246,110
Management and general expenses: $0
Fundraising expenses: $0
Program service expenses (Part III): $1,246,110

Program services were 100.0% 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.

2a · Program service revenue: PARTICIPANT CONTRIBUTIONS

total $236,246 · related or exempt $236,246
2f · All other program service revenue

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
3 · Investment income

total $265,757 · unrelated business $4,947 · excluded $260,810
6c · Rental income or loss

real property $0 · personal property $0
7a · Gross sales of assets other than inventory

securities $1,737,371 · other assets $579,725
7b · Less cost or other basis and sales expenses

securities $1,644,235 · other assets $536,219
7c · Gain or loss

securities $93,136 · other assets $43,506
7d · Net gain or loss

total $136,640 · excluded $136,640
11d · All other revenue

total $0 · related or exempt $0 · 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 $1,210,306 · program services $1,210,306
11g · Fees: other

total $35,804 · program services $35,804 · 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 $492,723 · end of year $627,521
2 · Savings and temporary cash investments

beginning of year $0 · end of year $0
4 · Accounts receivable

beginning of year $400,443
5 · Loans and receivables from officers and key people

beginning of year $0 · end of year $0
6 · Loans and receivables from disqualified persons

beginning of year $0 · 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

beginning of year $0 · end of year $0
11 · Investments: publicly traded securities

beginning of year $17,826,547 · end of year $20,111,925
12 · Investments: other securities

beginning of year $5,288,070 · end of year $5,281,591
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 $61,259 · end of year $46,571
22 · Loans and payables to officers and key people

beginning of year $0 · end of year $0
25 · Other liabilities

beginning of year $0 · end of year $0
31 · Retained earnings, endowment or other funds

beginning of year $23,946,524 · end of year $25,974,466

Mission and programs · 2023

Mission

PROVIDE FUNDS FOR MEDICAL BENEFITS OF ELIGIBLE RETIREES OF THE RAND CORPORATION.

Activities or mission (Part I)

PROVIDE FUNDS FOR MEDICAL BENEFITS OF ELIGIBLE RETIREES OF THE RAND CORPORATION

PROVIDE FUNDS FOR MEDICAL BENEFITS OF ELIGIBLE RETIREES OF THE RAND CORPORATION.

Expenses $1,246,110 · Revenue $236,246

As filed on the 2023 return.

Listed in Part VII

The RAND Corporation

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.

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.

RAND EUROPE (EU) AISBL

POLICY RSRCH · BE · controlled entity

Directly controlled by RAND CORP
THE RAND CORPORATION

501(c)(3) · PUBLIC POLICY · CA
RAND EUROPE (UK)

POLICY RSRCH · UK · controlled entity

Directly controlled by RAND CORP
STICHTING RAND EUROPE NL

POLICY RSRCH · NL · controlled entity

Directly controlled by RAND CORP

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

THE RAND CORPORATION (AUSTRALIA) PTY LTD

C Corporation · POLICY RESEARCH · AS · controlled entity

Directly controlled by RAND CORP
RAND EUROPE COMMUNITY INTEREST COMPANY

C Corporation · CONSULTANCY SVCS · UK · controlled entity

Directly controlled by RAND CORP

Provenance

Return type: form_990
Tax year: 2023
Filed: 13 November 2024
IRS schema version: 2023v5.1
Source object: 202403189349310985

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