Public Service Telephone Co Postrtm Med & Life Ins Vol Emp Bne Assn Tr
- Assets
- $1.2m
- Revenue
- $19.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Reynolds, GA
- Founding
- 01/1994
- Data as of
- 09/2021
- EIN
- 58-2071821
Organization Overview
Public Service Telephone Co Postrtm Med & Life Ins Vol Emp Bne Assn Tr is located in Reynolds, GA. The organization was established in 1994. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Public Service Telephone Co Postrtm Med & Life Ins Vol Emp Bne Assn Tr is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.
For the year ending 09/2021, Public Service Telephone Co Postrtm Med & Life Ins Vol Emp Bne Assn Tr generated $19.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (7.4%) each year. All expenses for the organization totaled $48.0k during the year ending 09/2021. As we would expect to see with falling revenues, expenses have declined by (14.5%) per year over the past 6 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
TO PROVIDE POST-RETIREMENT MEDICAL AND LIFE INSURANCE COVERAGE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DURING THE YEAR, THE TRUST PAID $47,998 IN MEDICAL AND LIFE INSURANCE BENEFITS FOR 12 PARTICIPANTS, INCLUDING 13 RETIREES AND THEIR DEPENDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
E Kelly Bond President | OfficerTrustee | 1 | $0 |
James L Bond Vice President | OfficerTrustee | 1 | $0 |
Donald E Bond Trustee | Trustee | 1 | $0 |
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 | $19,643 |
| 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 | $19,643 |
| 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 | $47,998 |
| 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 | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| 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 | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $47,998 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,944 |
| Savings and temporary cash investments | $1,225,633 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $729 |
| 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 | $9,120 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,246,426 |
| 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 | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $1,246,426 |
| Total liabilities and net assets/fund balances | $1,246,426 |
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| Organization Name | Assets | Revenue |
|---|---|---|
Mesa Associates Group Health Employee Benefit Plan And Trust Madison, AL | $0 | $9,806,001 |
Miami Children's Health System Foundation Inc Miami, FL | $0 | $13,756,126 |
Medical Society Of S C Charleston, SC | $641,115,218 | $16,899,363 |
United Assn Of Journeymen & Apprntc Jacksonville, FL | $24,245,042 | $13,413,319 |
Franciscan Properties Inc Tampa, FL | $70,641,023 | $8,080,020 |
Forsyth Medical Center Foundation Winston Salem, NC | $87,707,112 | $11,824,054 |
Steamfitters Local Union No 614 Health And Welfare Fund Goodlettsville, TN | $7,419,659 | $7,338,245 |
Tidewell Foundation Inc Sarasota, FL | $72,881,650 | $51,537,785 |
The Huntsville Hospital Foundation Inc Huntsville, AL | $34,058,246 | $10,525,778 |
Foundation Of Firsthealth Inc Pinehurst, NC | $97,006,378 | $9,255,156 |
Tractor & Equipment Health Care Trust Birmingham, AL | $6,661,957 | $7,506,239 |
United Food And Commercial Workers Local 1625 And Employers Health An Pembroke Pines, FL | $4,072,192 | $9,085,867 |