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Nonprofiteer
← PALMETTO RURAL TELEPHONE COOPERATIVE INC VEBA TRUST

Form 990 for tax year 2023

Filed by PALMETTO RURAL TELEPHONE COOPERATIVE INC VEBA TRUST.

Totals

Total revenue
$668,406
Total expenses
$347,907
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$323,544
Investment income
$344,862
Other revenue
$0
Total assets, end of year
$11,371,442
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$11,371,442
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: CONTRIBUTIONS - PALMETTO TEL

    total $323,544 · related or exempt $323,544

  • 3 · Investment income

    total $484,535 · excluded $484,535

  • 7a · Gross sales of assets other than inventory

    securities $2,191,723

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

    securities $2,331,396

  • 7c · Gain or loss

    securities -$139,673

  • 7d · Net gain or loss

    total -$139,673 · related or exempt -$139,673

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $323,544

  • 5 · Compensation of officers, directors and key employees

    total $24,363

Balance sheet

Part X, book values.

  • 11 · Investments: publicly traded securities

    beginning of year $10,522,737 · end of year $11,371,442

  • 31 · Retained earnings, endowment or other funds

    beginning of year $10,522,737 · end of year $11,371,442

Mission and programs · 2023

Mission

TO FUND AND PROVIDE CERTAIN RETIREE HEALTH BENEFITS FOR ELIGIBLE EMPLOYEES OF PALMETTO RURAL TELEPHONE COOPERATIVE, INC.

  • N/A

As filed on the 2023 return.

Listed in Part VII

  • Riazzi Rhyne Swaim Investment

    INST. TRUSTE

    Total calculated
    $24,363
    From this org
    $0
    From related orgs
    $0
    Other
    $24,363
    Hours/week
    5

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.

Provenance

Return type
form_990
Tax year
2023
Filed
10 May 2024
IRS schema version
2023v5.0
Source object
202411349349300641

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