Nrlca Veba Trust
- Assets
- $131.6m
- Revenue
- $422.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Alexandria, VA
- Founding
- 11/2014
- Data as of
- 12/2022
- EIN
- 46-5090278
Organization Overview
Nrlca Veba Trust is located in Alexandria, VA. The organization was established in 2014. According to its NTEE Classification (P43) the organization is classified as: Family Violence Shelters, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nrlca Veba 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, Nrlca Veba Trust generated $422.3m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.2% each year. All expenses for the organization totaled $448.1m during the year ending 12/2022. While expenses have increased by 4.6% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE NRLCA VEBA TRUST FUNDS ALL NRLCA HEALTH PLAN AND BENEFITS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HEALTH BENEFIT PLAN COSTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas Turner Trustee | OfficerTrustee | 1 | $0 |
Clifford Dailing Outgoing Trustee | OfficerTrustee | 1 | $0 |
Cameron Deml Director Of Insurance Prog | Officer | 40 | $145,408 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ermer & Suter General Counsel | 12/30/22 | $218,293 |
Cohnreznick Audit Services | 12/30/22 | $113,684 |
Real Chemistry (Discern) Professional Fees | 12/30/22 | $268,900 |
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 | $422,263,583 |
| Investment income | $39,313 |
| 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 | $422,302,896 |
| 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 | $418,265,667 |
| Compensation of current officers, directors, key employees. | $160,443 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $241,818 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $144,112 |
| Payroll taxes | $0 |
| Fees for services: Management | $19,350,091 |
| Fees for services: Legal | $292,913 |
| Fees for services: Accounting | $112,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,033,109 |
| Advertising and promotion | $0 |
| Office expenses | $551,014 |
| Information technology | $10,370 |
| Royalties | $0 |
| Occupancy | $83,414 |
| Travel | $11,682 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,533,756 |
| All other expenses | $2,057,854 |
| Total functional expenses | $448,117,548 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,930,212 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $33,837,814 |
| 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 | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $95,840,165 |
| Total assets | $131,608,191 |
| Accounts payable and accrued expenses | $2,146,182 |
| 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 | $1,794,772 |
| Total liabilities | $3,940,954 |
| 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 | $127,667,237 |
| Total liabilities and net assets/fund balances | $131,608,191 |