G M P-Employers Retiree Trust

Organization Overview

G M P-Employers Retiree Trust is located in Fort Myers, FL. The organization was established in 1966. 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. As of 12/2022, G M P-Employers Retiree Trust employed 17 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. G M P-Employers Retiree 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, G M P-Employers Retiree Trust generated $9.8m 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 (11.1%) each year. All expenses for the organization totaled $30.8m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (2.6%) per year over the past 8 years. 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

HOLD FUNDS TO PROVIDE BENEFITS TO MEMBERS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

G.M.P - EMPLOYERS RETIREE TRUST WAS FORMED TO PAY MEDICAL AND DEATH BENEFITS TO UNION RETIREES AND THEIR SPOUSES. THIS IS THE ONLY PROGRAM SERVICE ACTIVITY AND, ACCORDINGLY, ALL EXPENSES ARE ATTRIBUTABLE TO THAT ACTIVITY.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Bluecross & Blueshield Of Sc
Health Administrative Fees
$613,799
Dst Health Solutions
Software Fees
$227,419
Express Scripts
Health Administrative Fees
$408,412
Dodge And Cox
Investment And Money Management
$262,018
Los Angeles Capital
Investment And Money Management
$222,853
View All Vendors

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$19,289,224
Investment income $12,732,636
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales -$22,839,268
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $9,825,333

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