Patriot Retirees Voluntary Beneficiary Association is located in Triangle, VA. The organization was established in 2015. 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. Patriot Retirees Voluntary Beneficiary Association is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.
For the year ending 12/2021, Patriot Retirees Voluntary Beneficiary Association generated $1.8m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (43.2%) each year. All expenses for the organization totaled $1.6m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (43.9%) per year over the past 7 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE HEALTH AND WELFARE BENEFITS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE HEALTH AND WELFARE BENEFITS TO RETIREES.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Brian Sanson Chairman (through 8/11/21) | OfficerTrustee | 4 | $0 |
Jason Haught Chairman (eff. 8/11/21) | OfficerTrustee | 4 | $0 |
Kevin Fagan Trustee | Trustee | 1 | $0 |
Micheal Buckner Trustee | Trustee | 4 | $0 |
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 | $1,776,061 |
Investment income | $580 |
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 | $1,776,641 |
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 | $1,537,767 |
Compensation of current officers, directors, key employees. | $0 |
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 | $30,605 |
Fees for services: Legal | $313 |
Fees for services: Accounting | $19,500 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $10,050 |
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 | $0 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $0 |
Insurance | $6,852 |
All other expenses | $0 |
Total functional expenses | $1,605,675 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $21,543 |
Savings and temporary cash investments | $667,069 |
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 | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $6,558 |
Total assets | $695,170 |
Accounts payable and accrued expenses | $7,524 |
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 | $7,524 |
Net assets without donor restrictions | $0 |
Net assets with donor restrictions | $0 |
Capital stock or trust principal, or current funds | $687,646 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Retained earnings, endowment, accumulated income, or other funds | $0 |
Total liabilities and net assets/fund balances | $695,170 |
Organization Name | Assets | Revenue |
---|---|---|
Railroad Employees Health Flexible Spending Account Plan Arlington, VA | $6,073,201 | $21,057,122 |
Center For Nonprofit Advancements Benefits Trust Washington, DC | $2,751,338 | $19,288,091 |
Boys & Girls Club Workers Association Lexington, KY | $12,238,384 | $18,282,765 |
Reynolds American Inc Tr For Noncollectively Bargained Postreti Winstonsalem, NC | $206,430,903 | $14,273,880 |
Warehouse Employees-570 Trust Fund Baltimore, MD | $37,826,631 | $18,135,533 |
Uaw Retirees Health Care Tr Washington, DC | $461,032,982 | $16,855,371 |
Operating Engineers Local 37 Health And Welfare Fund Baltimore, MD | $34,860,595 | $16,304,548 |
Kentucky Laborers District Council Health And Welfare Fund Lawrenceburg, KY | $33,038,279 | $19,470,039 |
Uaw Retirees Of The Dana Corporation Health And Welfare Tru Washington, DC | $425,750,969 | $16,022,619 |
Former Player Benefits Tr Washington, DC | $30,151,971 | $17,989,193 |
L G & E Energy Corp Veba Trust Louisville, KY | $528,015 | $14,069,487 |
Benefit Trust Fund Local 666 Local 666 Goodlettsville, TN | $28,719,235 | $17,960,281 |