Group Benefits Tr: FY2020 Nonprofit Profile & Form 990 (EIN 52-7142713)

Revenue by fiscal year
FY2020	$1.1M
FY2021	$1.0M
FY2022	$1.3M
FY2023	$1.1M
FY2024	$1.3M

Expenses by fiscal year
FY2020	$2.1M
FY2021	$1.5M
FY2022	$1.6M
FY2023	$1.4M
FY2024	$1.2M

Net assets by fiscal year
FY2020	$1.4M
FY2021	$919K
FY2022	$517K
FY2023	$229K
FY2024	$343K

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in May 2001.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Who runs it and what they're paid

1 person listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII

Neal Richman

Trustee

$0Pt VII · Sec A

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

Family or business ties among officersPt VI · Ln 2No
Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Provides health insurance and benefits to Remington employees.

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Provided by the organization

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1 program · in their own filed words · FY2019

01

To provide health insurance and benefits to member employees of remington advertising agency.

Pt IX · col B

By the numbers

The FY2020 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$1.1M

Ln 12

Fees for servicesLn 2g$1.0M

Other incomeLn 4–11$83K

Investment incomeLn 3$6K

Money outPt IX

$2.1M

Ln 25

Owns and owesPt X

$1.4M

net assets · Ln 32

Cash and savingsLn 1–2$1.4M

Total assetsLn 16$1.6M

LiabilitiesLn 26$198K

PeoplePt VI, VII

1

listed · VII A

PaidVII A0

Voting boardVI 1a1

IndependentVI 1b1

2In more detail

Revenue in detailPt VIII

Fees for servicesLn 2g$1.0M

Investment incomeLn 3$6K

Other incomeLn 4–11$83K

Total revenueLn 12$1.1M

Assets in detailPt X, end of year

CashLn 1$325K

SavingsLn 2$1.0M

Cash and savings togetherLn 1–2$1.4M

Total assetsLn 16$1.6M

LiabilitiesLn 26$198K

Net assetsLn 32$1.4M

OperationsPt I, VI

EmployeesI 50

VolunteersI 60

Fiscal year endsHeaderNovember

Conflict-of-interest policyVI 12aNo

Whistleblower policyVI 13No

Records policyVI 14No

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY20	End FY20
Cash and savingsLn 1–2	$2.1M	$1.4M
Total assetsLn 16	$2.1M	$1.6M
LiabilitiesLn 26	$0	$198K
Net assetsLn 32	$2.1M	$1.4M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Benefits paid to or for membersLn 4	$2.0M
Accounting feesLn 11c	$118K
Other fees for servicesLn 11g	$5K
Total functional expensesLn 25	$2.1M

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2024 Latest	$1.3M	$1.2M	$114K	$343K	990 PDF
FY2023	$1.1M	$1.4M	−$290K	$229K	990 PDF
FY2022	$1.3M	$1.6M	−$305K	$517K	990 PDF
FY2021	$1.0M	$1.5M	−$490K	$919K	990 PDF
FY2020 Viewing	$1.1M	$2.1M	−$982K	$1.4M	990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

See the full FY2020 990 (6 parts)

Part I · Summary $1,095,386 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $0$0

I-9 Program service revenuePrior year $1,009,272$1,006,940

I-10 Investment incomePrior year $9,640$5,922

I-11 Other revenuePrior year $126,133$82,524

I-12 Total revenuePrior year $1,145,045$1,095,386

I-13 Grants and similar amounts paidPrior year $0$0

I-14 Benefits paid to membersPrior year $0$1,954,522

I-15 Salaries and benefitsPrior year $846,856$0

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $344,979$123,252

I-18 Total expensesPrior year $1,191,835$2,077,774

I-19 Revenue less expensesPrior year −$46,790−$982,388

Part VI · Governance 1 of 1 board members independent, 4 to look at

VI-1a Voting members of the governing body1

VI-1b Independent voting members1

VI-12a Written conflict of interest policyNo

VI-13 Written whistleblower policyNo

VI-14 Document retention and destruction policyNo

VI-15a Process for setting top official's payNo

VI-2 Family or business relationship among officers or directorsNo

Part VIII · Statement of revenue $1,095,386 across 4 lines filed

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,006,940$1,006,940

VIII-3 Investment incomeExcluded from tax $5,922$5,922

VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $82,524$82,524

VIII-12 Total revenueRelated to mission $1,089,464 · Unrelated business $0 · Excluded from tax $5,922$1,095,386

Part IX · Statement of functional expenses $2,077,774 across 3 lines filed

IX-4 Benefits paid to or for members$1,954,522

IX-11c Accounting fees$118,417

IX-11g Other fees for services$4,835

IX-25 Total functional expenses$2,077,774

Part X · Balance sheet $1,552,891 assets, 8 lines filed

X-1 Cash, non-interest-bearingStart of year $229,586$324,976

X-2 Savings and temporary cash investmentsStart of year $1,888,816$1,047,566

X-4 Accounts receivable$180,349

X-16 Total assetsStart of year $2,118,402$1,552,891

X-17 Accounts payable and accrued expenses$198,002

X-26 Total liabilitiesStart of year $0$198,002

X-32 Total net assets or fund balancesStart of year $2,118,402$1,354,889

X-33 Total liabilities and net assetsStart of year $2,118,402$1,552,891

Part XI · Reconciliation of net assets $1,354,889 net assets at year end

XI-1 Total revenue$1,095,386

XI-2 Total expenses$2,077,774

XI-3 Revenue less expenses−$982,388

XI-4 Net assets at start of year$2,118,402

XI-5 Net unrealized gains (losses) on investments$63,478

XI-8 Prior period adjustments$155,397

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$1,354,889

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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Group Benefits Tr FY2020 filing

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