Glass Control Inc Emp Ben Tr

Organization Overview

Glass Control Inc Emp Ben Tr is located in Lubbock, TX. The organization was established in 1990. According to its NTEE Classification (A40) the organization is classified as: Visual Arts, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Glass Control Inc Emp Ben Tr is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.

For the year ending 11/2021, Glass Control Inc Emp Ben Tr generated $1.2m 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 (6.1%) each year. All expenses for the organization totaled $1.3m during the year ending 11/2021. As we would expect to see with falling revenues, expenses have declined by (6.0%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO PROVIDE HEALTH AND DEATH BENEFITS TO EMPLOYEES OF A CONTROLLED GROUP OF CORPORATIONS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

EMPLOYEE BENEFIT PLAN PRIMARILY FOR HEALTH INSURANCE TO 126 PARTICIPATING AND COVERED EMPLOYEES AT YEAR END - NOVEMBER 30, 2021.


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Board, Officers & Key Employees

Name (title)Compensation
James R Lupton
Trustee
$49,740
John A Riedinger
Trustee
$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$1,182,930
Investment income $191
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 $1,183,121

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