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Nonprofiteer
← AAR-NRLC GROUP INSURANCE TRUST

Form 990 for tax year 2023

Filed by AAR-NRLC GROUP INSURANCE TRUST.

Totals

Total revenue
$323,528
Total expenses
$154,991
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$323,528
Other revenue
$0
Total assets, end of year
$5,479,939
Total liabilities, end of year
$4,884
Net assets or fund balances, end of year
$5,475,055
Program services expenses (Part IX)
$117,092
Management and general expenses
$37,899
Fundraising expenses
$0
Program service expenses (Part III)
$117,092

Program services were 75.5% 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 $149,593 · related or exempt $149,593 · 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 $1,701,651 · other assets $0

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

    securities $1,527,716 · other assets $0

  • 7c · Gain or loss

    securities $173,935 · other assets $0

  • 7d · Net gain or loss

    total $173,935 · related or exempt $173,935 · 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 $117,092 · program services $117,092

  • 11c · Fees: accounting

    total $12,215 · program services $0 · management and general $12,215

  • 11f · Fees: investment management

    total $25,684 · program services $0 · management and general $25,684

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $93,452 · end of year $7,904

  • 2 · Savings and temporary cash investments

    beginning of year $27,366 · end of year $31,814

  • 11 · Investments: publicly traded securities

    beginning of year $1,369,696 · end of year $2,424,280

  • 12 · Investments: other securities

    beginning of year $3,561,632 · end of year $3,015,941

  • 17 · Accounts payable and accrued expenses

    beginning of year $93,310 · end of year $4,884

  • 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 $4,958,836 · end of year $5,475,055

Mission and programs · 2023

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 $117,092

As filed on the 2023 return.

Listed in Part VII

  • Paul Hedrick

    RLIT TRUSTEE

    Total calculated
    $614,201
    From this org
    $0
    From related orgs
    $545,813
    Other
    $68,388
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $395,405 related
    Bonus
    $0 + $146,466 related
    Other
    $0 + $3,942 related
    Deferred
    $0 + $26,330 related
    Nontaxable benefits
    $0 + $47,987 related
    Filer's total
    $0 + $620,130 related

  • Brian Crowley

    RLIT TRUSTEE

    Total calculated
    $313,568
    From this org
    $0
    From related orgs
    $254,448
    Other
    $59,120
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $209,541 related
    Bonus
    $0 + $42,518 related
    Other
    $0 + $2,388 related
    Deferred
    $0 + $18,350 related
    Nontaxable benefits
    $0 + $45,273 related
    Filer's total
    $0 + $318,070 related

  • Carla Garcia-Harrell

    RLIT TRUSTEE - Through 11/2022

    Total calculated
    $17,289
    From this org
    $0
    From related orgs
    $17,289
    Other
    $0
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $12,955 related
    Bonus
    $0
    Other
    $0 + $4,334 related
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $17,289 related

  • Tammy Bregar

    RLIT TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 39 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
2023
Filed
4 November 2024
IRS schema version
2023v5.0
Source object
202423109349301647

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