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Nonprofiteer
← SOUTHERN RESEARCH INSTITUTE VEBA

Form 990 for tax year 2024

Filed by SOUTHERN RESEARCH INSTITUTE VEBA.

Totals

Total revenue
$140,383
Total expenses
$6,661
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$140,383
Other revenue
$0
Total assets, end of year
$4,577,660
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$4,577,660
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.

  • 3 · Investment income

    total $140,383 · excluded $140,383

Functional expenses

Part IX, the statement of functional expenses.

  • 11f · Fees: investment management

    total $6,661

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $7,252 · end of year $10,851

  • 12 · Investments: other securities

    beginning of year $4,194,947 · end of year $4,566,809

  • 29 · Capital stock, trust principal or current funds

    beginning of year $4,202,199 · end of year $4,577,660

  • 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 $0 · end of year $0

Mission and programs · 2024

Mission

THE PURPOSE OF THE FUND IS TO PROVIDE HEALTH AND DENTAL INSURANCE BENEFITS TO ALL ELIGIBLE RETIRED EMPLOYEES AND SPOUSES AND DEPENDENTS OF THE ELIGIBLE RETIREES IN A FUNDED MANNER.

  • THE PURPOSE OF THE FUND IS TO PROVIDE HEALTH AND DENTAL INSURANCE BENEFITS TO ALL ELIGIBLE RETIRED EMPLOYEES AND SPOUSES AND DEPENDENTS OF THE ELIGIBLE RETIREES IN A FUNDED MANNER.

As filed on the 2024 return.

Listed in Part VII

  • David A Rutledge

    TRUSTEE/DULY AUTHORIZED OFFICIAL

    Total calculated
    $286,108
    From this org
    $0
    From related orgs
    $253,474
    Other
    $32,634
    Hours/week
    2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $239,544 related
    Bonus
    $0
    Other
    $0 + $13,930 related
    Deferred
    $0 + $10,366 related
    Nontaxable benefits
    $0 + $22,268 related
    Filer's total
    $0 + $286,108 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)

PART I, LINE 3
THE ORGANIZATION DOES NOT PROVIDE COMPENSATION TO ITS GOVERNING MEMBER(S). ALL COMPENSATION IS PAID BY AND DETERMINED BY THE RELATED ORGANIZATION, SOUTHERN RESEARCH. IN EARLY 2025, THE WILSON GROUP WAS ENGAGED TO CONDUCT A COMPETITIVE ASSESSMENT OF THE TOTAL CASH COMPENSATION FOR THE EXECUTIVE LEADERSHIP TEAM (ELT) OF SOUTHERN RESEARCH (SR). OF NOTE, THE WILSON GROUP HAS CONDUCTED SIMILAR STUDIES IN 2018, 2021, AND 2023. THE METHODOLOGY USED IN THIS ANALYSIS IS LIKE PREVIOUS COMPENSATION STUDIES CONDUCTED BY THIS TEAM. THIS UPDATED ANALYSIS HAS BEEN FACILITATED BY AN EXTERNAL HR CONSULTANT, ALESIA JONES, UNDER THE DIRECTION OF THE SR'S BOARD'S FINANCE COMMITTEE.

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
2024
Filed
11 November 2025
IRS schema version
2024v5.2
Source object
202513169349305071

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