New York University School Of Medicine Veba Tr

Organization Overview

New York University School Of Medicine Veba Tr is located in New York, NY. The organization was established in 2010. 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. New York University School Of Medicine Veba Tr is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.

For the year ending 08/2023, New York University School Of Medicine Veba Tr generated $4.1m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 14.4% each year . All expenses for the organization totaled $7.9m during the year ending 08/2023. While expenses have increased by 11.7% per year over the past 8 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

TO FUND THE POSTRETIREMENT HEALTH CARE BENEFITS PROVIDED TO ELIGIBLE PARTICIPANTS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

SEE SCHEDULE OTHE NEW YORK UNIVERSITY SCHOOL OF MEDICINE VEBA TRUST (THE "TRUST") WAS ESTABLISHED TO FUND THE POSTRETIREMENT HEALTH CARE BENEFITS (MEDICAL AND PRESCRIPTION DRUG COVERAGE), PROVIDED TO ELIGIBLE PARTICIPANTS AND THEIR ELIGIBLE DEPENDENTS AND BENEFICIARIES UNDER THE NEW YORK UNIVERSITY SCHOOL OF MEDICINE EMPLOYEE BENEFIT PLAN (THE "PLAN"). PARTICIPATION IN THE TRUST IS VOLUNTARY AND CONSISTS OF RETIRED EMPLOYEES OF NYU GROSSMAN SCHOOL OF MEDICINE AND ITS AFFILIATES. THE TRUST HOLDS ASSETS OF THE PLAN, WHICH ARE INVESTED BY THE TRUSTEE OR OTHER APPOINTED INVESTMENT MANAGERS PURSUANT TO THE TERMS OF THE VEBA TRUST AGREEMENT. THE ASSETS OF THE TRUST MAY ONLY BE USED FOR THE PAYMENT OF BENEFITS UNDER THE PLAN AND FOR REASONABLE EXPENSES INCIDENT THERETO.


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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$4,286,758
Investment income $554,274
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales -$702,941
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $4,138,091

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