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← TUFTS UNIVERSITY EMPLOYEE BENEFITS TR 060194 PRHB

Form 990 for tax year 2022

Filed by TUFTS UNIVERSITY EMPLOYEE BENEFITS TR 060194 PRHB.

Totals

Total revenue
$1,131,202
Total expenses
$1,398,838
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$398,948
Investment income
$732,254
Other revenue
$0
Total assets, end of year
$13,260,272
Total liabilities, end of year
$17,071
Net assets or fund balances, end of year
$13,243,201
Program services expenses (Part IX)
$1,398,838
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$1,398,838

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 $398,948 · related or exempt $398,948

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $545,073 · related or exempt $545,073

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7a · Gross sales of assets other than inventory

    securities $1,060,028

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

    securities $872,847

  • 7c · Gain or loss

    securities $187,181 · other assets $0

  • 7d · Net gain or loss

    total $187,181 · related or exempt $187,181

  • 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 $1,332,878 · program services $1,332,878

  • 11f · Fees: investment management

    total $62,217 · program services $62,217

  • 11g · Fees: other

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

  • 24a · Other expenses: Administrative Expenses

    total $3,743 · program services $3,743

  • 24e · All other expenses

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

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $339,920 · end of year $279,309

  • 4 · Accounts receivable

    beginning of year $154,700 · end of year $31,512

  • 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 $12,770,404 · end of year $12,949,451

  • 12 · Investments: other securities

    beginning of year $0

  • 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 $15,742 · end of year $17,071

  • 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 $13,249,282 · end of year $13,243,201

Mission and programs · 2022

Mission

TO PROVIDE HEALTH INSURANCE BENEFITS FOR RETIRED EMPLOYEES

Activities or mission (Part I)

TO PROVIDE HEALTH INSURANCE BENEFITS TO RETIREES

  • PROVIDING HEALTH CARE BENEFITS FOR APPROXIMATELY 629 RETIRED EMPLOYEES

    Expenses $1,398,838 · Revenue $398,948

As filed on the 2022 return.

Listed in Part VII

  • James M Hurley

    CFO,VP-Finance & Treasurer

    Total calculated
    $524,738
    From this org
    $0
    From related orgs
    $475,603
    Other
    $49,135
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $448,969 related
    Bonus
    $0
    Other
    $0 + $26,634 related
    Deferred
    $0 + $38,400 related
    Nontaxable benefits
    $0 + $10,735 related
    Filer's total
    $0 + $524,738 related

  • Lisa Halpert

    Sr Director, Finance & Planning

    Total calculated
    $297,794
    From this org
    $0
    From related orgs
    $210,040
    Other
    $87,754
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $209,147 related
    Bonus
    $0
    Other
    $0 + $893 related
    Deferred
    $0 + $26,051 related
    Nontaxable benefits
    $0 + $61,703 related
    Filer's total
    $0 + $297,794 related

  • Robbyn W Dewar

    Benefits Programs and Compliance Director

    Total calculated
    $203,779
    From this org
    $0
    From related orgs
    $162,869
    Other
    $40,910
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $152,293 related
    Bonus
    $0 + $6,500 related
    Other
    $0 + $4,076 related
    Deferred
    $0 + $17,439 related
    Nontaxable benefits
    $0 + $23,471 related
    Filer's total
    $0 + $203,779 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

The filer's explanations (Part III)

Schedule J, Part II SCH J. PART II
THE TUFTS UNIVERSITY EMPLOYEE BENEFIT TRUST (THE PLAN) DOES NOT HAVE ITS OWN EMPLOYEES. ALL DISCLOSED INDIVIDUALS ON SCHEDULE J ARE PAID EMPLOYEES OF THE PLAN SPONSOR, TRUSTEES OF TUFTS COLLEGE (TUFTS), WHICH IS ALSO A RELATED ORGANIZATION TO THE PLAN.

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.

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.

  • JM HOLDINGS INC

    C Corporation · REAL ESTATE DEVELOPMENT · MA · 100% owned · share of assets $24,679 · controlled entity

    Directly controlled by TRUSTEES OF TUFTS COLLEGE

  • PERPETUAL TRUSTS - (8)

    Trust · SUPPORT · MA

    Directly controlled by TRUSTEES OF TUFTS COLLEGE

  • CHARITABLE REMAINDER UNITRUSTS - (25)

    Trust · SUPPORT · MA

    Directly controlled by TRUSTEES OF TUFTS COLLEGE

  • CHARITABLE LEAD TRUSTS - (2)

    Trust · SUPPORT · MA

    Directly controlled by TRUSTEES OF TUFTS COLLEGE

  • TUFTS UNIVERSITY CHARITABLE TRUST

    Trust · SUPPORT · HK · 100% owned · share of income $29,000 · share of assets $343,663 · controlled entity

    Directly controlled by TRUSTEES OF TUFTS COLLEGE

  • BRAINGATE INC

    C Corporation · PATENT HOLDINGS · MA · 100% owned · share of assets $90,000 · controlled entity

    Directly controlled by TRUSTEES OF TUFTS COLLEGE

Provenance

Return type
form_990
Tax year
2022
Filed
14 May 2024
IRS schema version
2022v5.0
Source object
202401359349305460

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