Iue-Cwa Gm Bankruptcy Claim Tr
- Assets
- $165.2m
- Revenue
- $19.9m
- Investments
- $0.0
- Employees
- 4
- Location
- Beavercreek, OH
- Founding
- 03/2013
- Data as of
- 12/2021
- EIN
- 36-4684058
Organization Overview
Iue-Cwa Gm Bankruptcy Claim Tr is located in Beavercreek, OH. The organization was established in 2013. According to its NTEE Classification (Y20) the organization is classified as: Insurance Providers, under the broad grouping of Mutual & Membership Benefit and related organizations. As of 12/2021, Iue-Cwa Gm Bankruptcy Claim Tr employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Iue-Cwa Gm Bankruptcy Claim Tr is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE IUE-CWA BANKRUPTCY CLAIM TRUST IS AN EMPLOYEE ASSOCIATION CONSISTING OF RETIREES OF GENERAL MOTORS AND DELPHI CORPORATION WHO WERE REPRESENTED BY THE IUE-CWA, BUT ALSO INCLUDING GM AND DELPHI RETIREES WHO WERE REPRESENTED BY THE INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS, OR THE INTERNATIONAL UNION OF OPERATING ENGINEERS. THE TRUST IS AUTHORIZED BY THE TRUST AGREEMENT TO PROVIDE MEDICAL AND HEALTH BENEFITS TO PARTICIPANTS, INCLUDING SICK AND ACCIDENTAL BENEFITS, BY REIMBURSEMENT OR OTHERWISE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE IUE-CWA BANKRUPTCY CLAIM TRUST IS AN EMPLOYEE ASSOCIATION CONSISTING OF RETIREES OF GENERAL MOTORS AND DELPHI CORPORATION WHO WERE REPRESENTED BY THE IUE-CWA, BUT ALSO INCLUDING GM AND DELPHI RETIREES WHO WERE REPRESENTED BY THE INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS, OR THE INTERNATIONAL UNION OF OPERATING ENGINEERS. THE TRUST IS AUTHORIZED BY THE TRUST AGREEMENT TO PROVIDE MEDICAL AND HEALTH BENEFITS TO PARTICIPANTS, INCLUDING SICK AND ACCIDENTAL BENEFITS, BY REIMBURSEMENT OR OTHERWISE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Clark Trust Admini | Officer | 40 | $214,063 |
Leslie Cash Trustee | Trustee | 4 | $19,000 |
Marlane Bengley Trustee | Trustee | 4 | $19,000 |
Steve Lykins Trustee | Trustee | 4 | $19,000 |
Peter Mitchell Trustee | Trustee | 4 | $19,000 |
Nan Whaley Trustee | Trustee | 4 | $19,000 |
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 | $18,779,900 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,118,143 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $19,898,043 |
| 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 | $15,554,834 |
| Compensation of current officers, directors, key employees. | $340,544 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $235,515 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $44,932 |
| Payroll taxes | $31,951 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $15,113 |
| Fees for services: Accounting | $40,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $556,715 |
| Fees for services: Other | $149,003 |
| Advertising and promotion | $0 |
| Office expenses | $72,120 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $69,450 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $16,512 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,869 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $17,273,459 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,611,216 |
| Savings and temporary cash investments | $0 |
| 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 | $39,892 |
| Net Land, buildings, and equipment | $22,724 |
| Investments—publicly traded securities | $163,555,565 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,311 |
| Total assets | $165,232,708 |
| Accounts payable and accrued expenses | $39,199 |
| 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 | $3,086,626 |
| Total liabilities | $3,125,825 |
| Net assets without donor restrictions | $0 |
| 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 | $162,106,883 |
| Total liabilities and net assets/fund balances | $165,232,708 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Heritage Group Employee Benefit Trust Indianapolis, IN | $5,252,708 | $48,474,958 |
Lycoming County Insurance Consortium Pooled Tr Canton, PA | $31,566,141 | $41,570,645 |
United Church Insurance Company Inc Cleveland, OH | $53,498,153 | $36,904,277 |
Highmark Voluntary Employees Beneficiary Assoc Pittsburgh, PA | $298,084,249 | $28,151,842 |
Local 8-86 Merck Employees Veba Trust Horsham, PA | $65,449,031 | $42,985,362 |
American United Life Insurance Company Welfare Benefits Trust Indianapolis, IN | $8,410,756 | $27,962,029 |
Hills Insurance Company Inc Mishawaka, IN | $233,016,594 | $7,136,194 |
Ohio State Plumbers And Pipefitters Welfare Fund Harmony, PA | $38,275,834 | $32,572,051 |
Cooper Hatchery Inc Employee Benefit Plan Trust Fort Recovery, OH | $1,179,245 | $22,649,628 |
Verizon Long Term Disability Veba Pittsburgh, PA | $236,008,378 | $50,660,201 |
Southern Painters Welfare Fund Pittsburgh, PA | $17,172,930 | $23,602,516 |
Mutual Beneficial Association Inc Berwyn, PA | $132,759,628 | $20,036,739 |