International Truck & Engine Corp Retiree Supplemental Benefit Tr
- Assets
- $829.0m
- Revenue
- $413.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Richmond Heights, OH
- Founding
- 09/1994
- Data as of
- 12/2022
- EIN
- 34-1778431
Organization Overview
International Truck & Engine Corp Retiree Supplemental Benefit Tr is located in Richmond Heights, OH. The organization was established in 1994. 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. International Truck & Engine Corp Retiree Supplemental Benefit Tr is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.
For the year ending 12/2022, International Truck & Engine Corp Retiree Supplemental Benefit Tr generated $413.2m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 37.4% each year . All expenses for the organization totaled $12.1m during the year ending 12/2022. 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 SUPPLEMENTAL HEALTH AND LIFE BENEFITS FOR RETIREES
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE SUPPLEMENTAL HEALTH AND LIFE BENEFITS FOR RETIREES PURSUANT TO THE SETTLEMENT REACHED IN SHY V. NAVISTAR, CASE NO. C-3-92-333 (S.D. OHIO, 1992)
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Donn Viola Chairman (retired 9/22) | OfficerTrustee | 10 | $35,225 |
Wayne Krzysiak Audit Chair | Trustee | 10 | $30,063 |
Douglas Hunter Chairman (from 9/22) | OfficerTrustee | 10 | $27,450 |
Steve Shelton Committee Member | Trustee | 10 | $26,500 |
Stephen Goldman Committee Member (from 9/22) | Trustee | 10 | $4,325 |
Robert Sciotti Secretary | OfficerTrustee | 10 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Morgan Stanley Consulting Services | 12/30/22 | $397,121 |
Segal Consulting Firm | 12/30/22 | $227,722 |
Benefits Administrative Services C Administration Svcs | 12/30/22 | $201,621 |
Sands Capital Management Investment Mgmt | 12/30/22 | $174,051 |
Metropolitan West Asset Management Investment Mgmt | 12/30/22 | $157,590 |
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 | $14,243,093 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$699,932 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $413,202,220 |
| 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 | $10,421,275 |
| Compensation of current officers, directors, key employees. | $123,563 |
| 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 | $148,364 |
| Fees for services: Legal | $233,232 |
| Fees for services: Accounting | $10,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $970,909 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| 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 | $41,898 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $12,116,024 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $13,756,559 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $815,286,698 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $829,043,257 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $687,996,664 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $141,046,593 |
| Total liabilities and net assets/fund balances | $829,043,257 |