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← TRANSIT EMPLOYEES RETIREE HEALTH FUND

Form 990 for tax year 2022

Filed by TRANSIT EMPLOYEES RETIREE HEALTH FUND.

Totals

Total revenue
$8,090,466
Total expenses
$136,321
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$7,824,752
Investment income
$265,714
Other revenue
$0
Total assets, end of year
$17,359,041
Total liabilities, end of year
$7,972
Net assets or fund balances, end of year
$17,351,069
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.

  • 2a · Program service revenue: PARTICIPANT CONTRIBUTI

    total $7,824,752 · related or exempt $7,824,752

  • 3 · Investment income

    total $265,714 · excluded $265,714

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $7,420

  • 7 · Other salaries and wages

    total $6,000

  • 9 · Other employee benefits

    total $201

  • 10 · Payroll taxes

    total $459

  • 11a · Fees: management

    total $34,627

  • 11b · Fees: legal

    total $28,665

  • 11c · Fees: accounting

    total $22,760

  • 11f · Fees: investment management

    total $10,000

  • 11g · Fees: other

    total $20,712

  • 13 · Office expenses

    total $1,219

  • 14 · Information technology

    total $208

  • 23 · Insurance

    total $4,050

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $0 · end of year $71,379

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $153,854

  • 9 · Prepaid expenses and deferred charges

    beginning of year $0 · end of year $8,101

  • 11 · Investments: publicly traded securities

    beginning of year $0 · end of year $17,075,138

  • 15 · Other assets

    beginning of year $0 · end of year $50,569

  • 17 · Accounts payable and accrued expenses

    beginning of year $0 · end of year $7,972

  • 27 · Net assets without donor restrictions

    beginning of year $0 · end of year $17,351,069

Mission and programs · 2022

Mission

THE PURPOSE OF THIS TRUST SHALL BE TO FUND RETIREE HEALTH BENEFITS FOR QUALIFIED PARTICIPANTS AND THEIR BENEFICIARIES IN THE AMOUNTS AND UNDER THE CONDITIONS AS SPECIFIED IN THE PLAN.

Activities or mission (Part I)

TO PROVIDE RETIREE HEALTH BENEFITS TO RETIRED EMPLOYEES OF THE WMATA AND THEIR DEPENDENTS.

  • THE FUND IS A EMPLOYEE WELFARE BENEFIT PLAN GOVERNED BY ERISA. THE FUND WAS ESTABLISHED BY THE AMALGAMATED TRANSIT UNION LOCAL 689 TO PROVIDE RETIREE HEALTH BENEFITS TO CERTAIN RETIRED EMPLOYEES OF THE WASHINGTON METROPOLITAN AREA TRANSIT AUTHORITY AND THEIR DEPENDENTS.

As filed on the 2022 return.

Listed in Part VII

  • Raymond Jackson

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1.5 related

  • Keith Bullock

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Barry Wilson

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Damion Cannon

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • James McGee

    EXEC. DIR. 3/1 - 12/31

    Total calculated
    $30,740
    From this org
    $30,740
    From related orgs
    $0
    Other
    $0
    Hours/week
    15 + 25 related

  • Jim Pankey

    EXEC. DIR. 1/22 - 2/22

    Total calculated
    $6,000
    From this org
    $6,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    15 + 25 related

  • Tonya Jackson

    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.

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.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • TRANSIT EMPLYOEES RETIREE HEALTH FUND LLC

    BENEFIT PLAN ADMINISTRATION · MD · income $0 · assets $0

    Directly controlled by TRANSIT EMPLOYEES RETIREE HEALTH FUND

Provenance

Return type
form_990
Tax year
2022
Filed
15 November 2023
IRS schema version
2022v5.0
Source object
202323199349331702

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