Prudential Retiree Life Benefits Tr

Organization Overview

Prudential Retiree Life Benefits Tr is located in Newark, NJ. The organization was established in 2004. According to its NTEE Classification (Y44) the organization is classified as: Voluntary Employees Beneficiary Associations 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. Prudential Retiree Life Benefits Tr is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.

For the year ending 12/2023, Prudential Retiree Life Benefits Tr generated $5.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (3.7%) each year. All expenses for the organization totaled $16.0m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

THE PRUDENTIAL RETIREE LIFE INSURANCE TRUST IS INTENDED TO FUND LIFE INSURANCE BENEFITS PAYABLE FOR THE BENEFITS OF PARTICIPANTS IN THE PRUDENTIAL WELFARE BENEFITS PLAN.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PAYMENTS TO INSURANCE CARRIERS FOR LIFE INSURANCE BENEFITS PAYABLE FOR THE BENEFIT OF PARTICIPANTS IN THE PRUDENTIAL WELFARE BENEFITS PLAN.


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Board, Officers & Key Employees

Name (title)Compensation
Gary Neubeck
Member Of Inv. Oversight C
$0
Sara Bonesteel
Member Of Inv. Oversight C
$0
Kate Tekker
Member Of Inv. Oversight C
$0
Name Not Listed
Trustee
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
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$0
Total Program Service Revenue$0
Investment income $8,849,695
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales -$3,364,531
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $5,485,164

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