Atlantic Telephone Membershipcorporation Retiree Welfare Trust

Organization Overview

Atlantic Telephone Membershipcorporation Retiree Welfare Trust is located in Shallotte, NC. The organization was established in 2007. 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. Atlantic Telephone Membershipcorporation Retiree Welfare Trust is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.

For the year ending 12/2022, Atlantic Telephone Membershipcorporation Retiree Welfare Trust generated $1.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (4.4%) each year. All expenses for the organization totaled $877.3k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

PROVIDES CERTAIN MEDICAL, DENTAL, AND LIFE INSURANCE BENEFITS ALONG WITH DISCOUNTS ON TELEPHONE, INTERNET AND CABLE TELEVISION SERVICES FOR THE ELIGIBLE RETIREES OF THE ATLANTIC TELEPHONE MEMBERSHIP CORPORATION AND DEPENDENTS OF SUCH ELIGIBLE RETIREES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE ORGANIZATION PROVIDES CERTAIN MEDICAL, DENTAL, AND LIFE INSURANCE BENEFITS ALONG WITH DISCOUNTS ON TELEPHONE, INTERNET AND CABLE TELEVISION SERVICES FOR THE ELIGIBLE RETIREES OF THE ATLANTIC TELEPHONE MEMBERSHIP CORPORATION AND DEPENDENTS OF SUCH ELIGIBLE RETIREES.


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Board, Officers & Key Employees

Name (title)Compensation
Keith Holden
Trustee
$0
Kim Edwards
Trustee
$0
Jamie Milliken
Trustee (thru 02/22)
$0
Whitney King
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$763,349
Investment income $441,999
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales -$88,693
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $1,116,655

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