Harris Corp Employee Benefit Tr
- Assets
- $1.1m
- Revenue
- $101.0k
- Investments
- $3.0
- Employees
- 0
- Location
- Melbourne, FL
- Founding
- 01/1986
- Data as of
- 12/2021
- EIN
- 06-6255522
Organization Overview
Harris Corp Employee Benefit Tr is located in Melbourne, FL. The organization was established in 1986. According to its NTEE Classification (Y43) the organization is classified as: Voluntary Employees Beneficiary Associations (Non-Government), under the broad grouping of Mutual & Membership Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Harris Corp Employee Benefit Tr is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.
For the year ending 12/2021, Harris Corp Employee Benefit Tr generated $101.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (11.1%) each year. All expenses for the organization totaled $1.3m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (11.3%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE LIFE AND DISABILITY INSURANCE COVERAGE TO EMPLOYEES OF THE CORPORATE SPONSOR, L3HARRIS TECHNOLOGIES, INC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVISION FOR THE PAYMENT OF LONG-TERM DISABILITY BENEFITS FOR EMPLOYEES OF THE CORPORATE SPONSOR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Adam Histed Chairperson/director Of Be | OfficerTrustee | 1 | $0 |
John D Gronda Secretary | OfficerTrustee | 1 | $0 |
Rachelle Tucci Committee Member | Trustee | 1 | $0 |
Carmen Allen Committee Member | Trustee | 1 | $0 |
Natalie Lee Committee Member | Trustee | 1 | $0 |
Toni George Committee Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Life Insurance Company Of North America Claims Administration | 12/30/14 | $138,085 |
Aetna Inc Claims Administration | 12/30/14 | $429,550 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $17,838 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $17,838 |
| Total Program Service Revenue | $0 |
| Investment income | $13,555 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $69,647 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $101,040 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $1,268,738 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $18,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $49,211 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,336,449 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,075,499 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $3 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,075,502 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $1,075,502 |
| Total liabilities and net assets/fund balances | $1,075,502 |
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Davidson Hotel Company Health Care Trust Atlanta, GA | $5,182,784 | $19,057,359 |
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Building Trades Afl-Agc Welfare Fund Mobile, AL | $23,480,933 | $14,448,543 |
Alabama Bankers Association Health Benefit Tr Montgomery, AL | $676,968 | $10,977,548 |
Caci International Inc Health Benefits Trust Orlando, FL | $54,156 | $10,441,390 |
Dlh Solutions Inc Loganville, GA | $71,295 | $8,605,180 |
Ironworkers Local Union 92 Health And Welfare Fund Birmingham, AL | $0 | $2,117,299 |
Athens Restaurant Employees Health Insurance Fund Orlando, FL | $1,631,919 | $7,621,760 |