Pine Health Benefit Trust is located in Southborough, MA. The organization was established in 1993. According to its NTEE Classification (E80) the organization is classified as: Health (General & Financing), under the broad grouping of Health Care and related organizations. This organization is the central organization for a national or regional group of organizations. Pine Health Benefit 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, Pine Health Benefit Trust generated $213.6k 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 (4.5%) each year. All expenses for the organization totaled $218.2k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (4.3%) per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE GROUP HEALTH, DENTAL, LIFE AND ACCIDENTAL DEATH AND DISMEMBERMENT COVERAGE FOR EMPLOYEES OF EMPLOYER MEMBERS ENGAGED IN THE GRAPHIC ARTS INDUSTRY OF NEW ENGLAND.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE GROUP HEALTH, DENTAL, LIFE AND ACCIDENTAL DEATH AND DISMEMBERMENT COVERAGE FOR EMPLOYEES OF EMPLOYER MEMBERS ENGAGED IN THE GRAPHIC ARTS INDUSTRY OF NEW ENGLAND.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Christine Hagopian Trustee/secretary | OfficerTrustee | 1 | $0 |
Matthew Tardiff Trustee/chairman | OfficerTrustee | 0 | $0 |
Bruce Boyarsky Director | OfficerTrustee | 0 | $0 |
Dan Shedd Director | OfficerTrustee | 0 | $0 |
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 | $212,944 |
Investment income | $661 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $213,605 |
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 | $185,431 |
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 | $11,000 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $0 |
Office expenses | $141 |
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 | $611 |
All other expenses | $20,992 |
Total functional expenses | $218,175 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $50,100 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $6,837 |
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 | $12,944 |
Net Land, buildings, and equipment | $0 |
Investments—publicly traded securities | $4,710 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $74,591 |
Accounts payable and accrued expenses | $24,056 |
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 | $24,056 |
Net assets without donor restrictions | $50,535 |
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 | $0 |
Total liabilities and net assets/fund balances | $74,591 |
Organization Name | Assets | Revenue |
---|---|---|
Massachusetts Mutual Employee Health Benefit Tr Springfield, MA | $6,593,525 | $93,603,894 |
Delta Dental Plan Of Vermont Inc Concord, NH | $39,409,288 | $93,240,875 |
Delta Dental Of Rhode Island Providence, RI | $133,512,428 | $64,453,283 |
International Union Of Operating Engineers Welfare Fund 478 Hamden, CT | $131,628,266 | $64,853,595 |
Dentcare Delivery Systems Inc Uniondale, NY | $23,820,779 | $55,088,779 |
Carepartners Of Connecticut Inc Canton, MA | $21,597,096 | $24,446,230 |
New York State United Teachers Member Benefits Catastrophe Major Latham, NY | $163,944,061 | $48,601,749 |
Retiree Health And Welfare Fund Of The Police Benevolent Association New York, NY | $171,668,298 | $54,323,145 |
Local 298 Health Benefit Fund I Valley Stream, NY | $21,565,304 | $24,797,848 |
Detectives Endowment Association Retirees Health Benefits Fund New York, NY | $3,766,379 | $20,182,671 |
F A Bartlett Tree Expert Co Veba Health Benefits Plan Stamford, CT | $425,363 | $16,893,698 |
Guardians Of The Sick Inc Brooklyn, NY | $5,970,531 | $15,096,609 |