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← REPUBLIC RETIREE VEBA BENEFIT TR

Form 990 for tax year 2024

Filed by REPUBLIC RETIREE VEBA BENEFIT TR.

Totals

Total revenue
$6,978,916
Total expenses
$8,855,939
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$2,955,714
Investment income
$3,712,150
Other revenue
$311,052
Total assets, end of year
$88,447,401
Total liabilities, end of year
$93,916
Net assets or fund balances, end of year
$88,353,485
Program services expenses (Part IX)
$0
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 0.0% 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: PARTICIPANTS CONTRIBUTIONS

    total $2,955,714 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $3,304,355 · unrelated business $0 · excluded $3,304,355

  • 7a · Gross sales of assets other than inventory

    securities $16,360,995

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

    securities $15,953,200

  • 7c · Gain or loss

    securities $407,795

  • 7d · Net gain or loss

    total $407,795 · related or exempt $0 · unrelated business $0 · excluded $407,795

  • 11a · Other revenue: REBATES

    total $294,514 · related or exempt $294,514 · unrelated business $0 · excluded $0

  • 11b · Other revenue: BENEFIT PAID RECOVERED

    total $8,307 · related or exempt $8,307 · unrelated business $0 · excluded $0

  • 11c · Other revenue: CLASS ACTION PROCEEDS

    total $8,231 · related or exempt $8,231 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $311,052

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $8,330,223 · program services $0

  • 5 · Compensation of officers, directors and key employees

    total $16,240 · program services $0 · management and general $0 · fundraising $0

  • 11b · Fees: legal

    total $9,650 · program services $0 · management and general $0 · fundraising $0

  • 11c · Fees: accounting

    total $28,000 · program services $0 · management and general $0 · fundraising $0

  • 11f · Fees: investment management

    total $232,421 · program services $0 · management and general $0 · fundraising $0

  • 11g · Fees: other

    total $190,794 · program services $0 · management and general $0 · fundraising $0

  • 13 · Office expenses

    total $22,352 · program services $0 · management and general $0 · fundraising $0

  • 19 · Conferences, conventions and meetings

    total $720 · program services $0 · management and general $0 · fundraising $0

  • 23 · Insurance

    total $25,088 · program services $0 · management and general $0 · fundraising $0

  • 24a · Other expenses: PCORI FEES

    total $451 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $502,349 · end of year $711,019

  • 4 · Accounts receivable

    beginning of year $36,088 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $17,716 · end of year $17,126

  • 11 · Investments: publicly traded securities

    beginning of year $54,127,936 · end of year $53,982,279

  • 12 · Investments: other securities

    beginning of year $32,097,598 · end of year $33,581,871

  • 15 · Other assets

    beginning of year $140,599 · end of year $155,106

  • 17 · Accounts payable and accrued expenses

    beginning of year $64,431 · end of year $59,605

  • 19 · Deferred revenue

    beginning of year $36,117 · end of year $34,311

  • 29 · Capital stock, trust principal or current funds

    beginning of year $86,821,738 · end of year $88,353,485

Mission and programs · 2024

Mission

TO PROVIDE MEDICAL, DRUG AND RETIREE DEATH BENEFITS TO RETIRED MEMBERS

  • HEALTH AND WELFARE BENEFITS PROVIDED TO RETIRED MEMBERS AND SURVIVING SPOUSES.

As filed on the 2024 return.

Listed in Part VII

  • Michael Millsap

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Ray Perez

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Ken Braun

    TRUSTEE

    Total calculated
    $4,667
    From this org
    $4,667
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • S Howard Kline

    TRUSTEE

    Total calculated
    $4,667
    From this org
    $4,667
    From related orgs
    $0
    Other
    $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.

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.

  • REPUBLIC STEEL

    C · MFG STEEL · OH · 0% owned

    Directly controlled by NA

Provenance

Return type
form_990
Tax year
2024
Filed
15 October 2025
IRS schema version
2024v5.2
Source object
202610919349301006

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