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← NATIONAL EDUCATION ASSOCIATION AND AFFILIATE RETIREE HEALTH PLAN

Form 990 for tax year 2023

Filed by NATIONAL EDUCATION ASSOCIATION AND AFFILIATE RETIREE HEALTH PLAN.

Totals

Total revenue
$21,112,639
Total expenses
$12,645,647
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$6,724,126
Investment income
$13,823,685
Other revenue
$564,828
Total assets, end of year
$248,670,361
Total liabilities, end of year
$208,166
Net assets or fund balances, end of year
$248,462,195
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: EMPLOYER CONTRIBUTIONS

    total $6,724,126 · related or exempt $6,724,126

  • 3 · Investment income

    total $9,102,510 · excluded $9,102,510

  • 7a · Gross sales of assets other than inventory

    securities $42,865,315

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

    securities $38,144,140

  • 7c · Gain or loss

    securities $4,721,175

  • 7d · Net gain or loss

    total $4,721,175 · excluded $4,721,175

  • 11a · Other revenue: MEDICARE PART D SUBSIDY

    total $564,828 · related or exempt $564,828

  • 11e · Other revenue, total

    $564,828

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $12,314,714

  • 11b · Fees: legal

    total $21,585

  • 11c · Fees: accounting

    total $40,000

  • 11f · Fees: investment management

    total $184,451

  • 11g · Fees: other

    total $71,708

  • 23 · Insurance

    total $13,189

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $4,710,238 · end of year $15,768,482

  • 4 · Accounts receivable

    beginning of year $450,586 · end of year $519,092

  • 11 · Investments: publicly traded securities

    beginning of year $213,519,018 · end of year $232,285,015

  • 12 · Investments: other securities

    end of year $97,772

  • 17 · Accounts payable and accrued expenses

    beginning of year $71,224 · end of year $208,166

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $218,608,618 · end of year $248,462,195

Mission and programs · 2023

Mission

THE PLAN IS A WELFARE BENEFIT PLAN FOR THE EXCLUSIVE PURPOSE OF PROVIDING RETIREE HEALTH BENEFITS TO RETIRED EMPLOYEES OF THE NATIONAL EDUCATION ASSOCIATION (NEA) AND ITS ELIGIBLE PARTICIPATING STATE AFFILIATES. CURRENTLY, ARIZONA EDUCATION ASSOCIATION PARTICIPATES IN THE PLAN WITH NEA. THERE WERE 698 RETIREES PARTICIPATING IN THE PLAN IN 2023.

Activities or mission (Part I)

THE PLAN IS A WELFARE BENEFIT PLAN FOR THE EXCLUSIVE PURPOSE OF PROVIDING RETIREE HEALTH BENEFITS TO RETIRED EMPLOYEES OF THE NATIONAL EDUCATION ASSOCIATION (NEA) AND ITS ELIGIBLE PARTICIPATING STATE AFFILIATES. CURRENTLY, ARIZONA EDUCATION ASSOCIATION PARTICIPATES IN THE PLAN WITH NEA.

  • HEALTH INSURANCE PROGRAMS: THE PLAN IS A WELFARE BENEFIT PLAN FOR THE EXCLUSIVE PURPOSE OF PROVIDING RETIREE HEALTH BENEFITS TO RETIRED EMPLOYEES OF THE NATIONAL EDUCATION ASSOCIATION (NEA) AND ITS ELIGIBLE PARTICIPATING STATE AFFILIATES. CURRENTLY, ARIZONA EDUCATION ASSOCIATION PARTICIPATES IN THE PLAN WITH NEA.

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • MICHAEL MCPHERSON

    TRUSTEE

    Total calculated
    $409,274
    From this org
    $0
    From related orgs
    $292,440
    Other
    $116,834
    Hours/week
    1 + 36.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $190,069 related
    Bonus
    $0
    Other
    $0 + $102,371 related
    Deferred
    $0 + $80,551 related
    Nontaxable benefits
    $0 + $36,283 related
    Filer's total
    $0 + $409,274 related

  • JAMES TESTERMAN

    PLAN ADMINISTRATOR

    Total calculated
    $407,142
    From this org
    $0
    From related orgs
    $294,734
    Other
    $112,408
    Hours/week
    1 + 36.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $271,921 related
    Bonus
    $0
    Other
    $0 + $22,813 related
    Deferred
    $0 + $82,091 related
    Nontaxable benefits
    $0 + $30,317 related
    Filer's total
    $0 + $407,142 related

  • JESSICA SWANSON

    TRUSTEE

    Total calculated
    $175,828
    From this org
    $0
    From related orgs
    $127,581
    Other
    $48,247
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $127,581 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $34,052 related
    Nontaxable benefits
    $0 + $14,195 related
    Filer's total
    $0 + $175,828 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

  • 4a · Severance or change-of-control payment

Answered no

  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement

The filer's explanations (Part III)

PART I, LINE 4A
MICHAEL MCPHERSON RECEIVED A SEVERANCE PAYMENT OF $52,856.

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
13 November 2024
IRS schema version
2023v5.1
Source object
202423189349307757

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