Interstate Realty Management Co Voluntary Employee Benefit Trust

Organization Overview

Interstate Realty Management Co Voluntary Employee Benefit Trust is located in Marlton, NJ. The organization was established in 1988. According to its NTEE Classification (Y20) the organization is classified as: Insurance Providers, 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. Interstate Realty Management Co Voluntary Employee 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 04/2023, Interstate Realty Management Co Voluntary Employee Benefit Trust generated $21.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.9% each year. All expenses for the organization totaled $20.9m during the year ending 04/2023. While expenses have increased by 6.9% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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 TRUST, A SINGLE-EMPLOYER PLAN, PROVIDES HEALTH AND WELFARE BENEFITS TO FULL-TIME EMPLOYEES OF THE MICHAELS ORGANIZATION (THE SPONSOR) AND THEIR ELIGIBLE DEPENDENTS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

TO PROVIDE HEALTH, DENTAL, VISION, AND LIFE INSURANCE FOR ALL EMPLOYEES OF THE MICHAELS ORGANIZATION. THIS WAS ACHIEVED BY BOTH EMPLOYER AND EMPLOYEE CONTRIBUTIONS TO THE TRUST FUND, INSURANCE PRODUCTS AND PLAN ADMINISTRATION.


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Board, Officers & Key Employees

Name (title)Compensation
Mark Morgan
Trustee
$0
John O'donell
Trustee
$0
Donald L Miller
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$21,080,359
Investment income $33,047
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 $21,113,463

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