EIN 04-3177556

Massachusetts Institute of Technology Welfare Benefit Plans Trust

Name: Massachusetts Institute of Technology Welfare Benefit Plans Trust financials for 2023
Creator: Cause IQ
License: https://creativecommons.org/licenses/by-nc-nd/4.0/

Programs|Personnel|Financials|Form 990s|Peers

IRS 501(c) type

501(c)(3)

Num. employees

City

Cambridge

State

Massachusetts

Year formed

1992

Most recent tax filings

2023-06-01

NTEE code, primary

Y40: Fraternal Beneficiary Societies and Voluntary Employees Associations

Description

The Massachusetts Institute of Technology Welfare Benefit Plans Trust is designed to provide health and life insurance benefits to covered eligible retirees of the Institute, along with their dependents, and individuals receiving long-term disability benefits for at least three years. Located in Cambridge, MA, the trust provided medical and life insurance benefits to approximately 7029 individuals.

Related structure

Massachusetts Institute of Technology Welfare Benefit Plans Trust is a subordinate organization under Massachusetts Institute of Technology (MIT).

Also known as...

Massachusetts Institute of Technology Retiree Welfare Benefit Trust; Massachusetts Institute of Technology Retiree Medical Benefit Trust

Total revenues

$75,943,000

2023

Total expenses

$50,984,000

2023

Total assets

$937,723,000

2023

Num. employees

2023

Program areas at Massachusetts Institute of Technology Welfare Benefit Plans Trust

Medical and life insurance benefits for eligible retirees, along with medical benefits for those receiving long term disability benefits for at least three years, were provided to approximately 7237 individuals covered under the Massachusetts Institute of Technology (mit) Welfare Benefit Plans Trust.

Personnel at Massachusetts Institute of Technology Welfare Benefit Plans Trust

Name	Title	Date of data
Jodi Kessler	Director , Tax and Global Operations	2023-05-12
Danielle Khoury	Controller	2021-05-20

Financials for Massachusetts Institute of Technology Welfare Benefit Plans Trust

Revenues	FYE 06/2023	FYE 06/2022	% Change
Total grants, contributions, etc.	$0	$0	-
Program services	$23,286,000	$20,222,000	15.2%
Investment income and dividends	$3,886,000	$706,000	450.4%
Tax-exempt bond proceeds	$0	$0	-
Royalty revenue	$0	$0	-
Net rental income	$0	$0	-
Net gain from sale of non-inventory assets	$48,771,000	$163,754,000	-70.2%
Net income from fundraising events	$0	$0	-
Net income from gaming activities	$0	$0	-
Net income from sales of inventory	$0	$0	-
Miscellaneous revenues	$0	$0	-
Total revenues	$75,943,000	$184,682,000	-58.9%

Form 990s for Massachusetts Institute of Technology Welfare Benefit Plans Trust

Fiscal year ending	Date received by IRS	Form	PDF link
2023-06	2024-05-14	990	View PDF
2022-06	2023-05-12	990	View PDF
2021-06	2022-07-11	990	View PDF
2020-06	2021-05-20	990	View PDF
2019-06	2021-02-09	990	View PDF
...and 9 more Form 990s

Organizations like Massachusetts Institute of Technology Welfare Benefit Plans Trust

Organization	Type	Location	Revenue
Yale University Retiree Health Benefits Coverage Trust	501(c)(3)	New Haven, CT	$152,225,671
Trustees of the University of Pennsylvania Retiree Medical and Death Benefits Trust	501(c)(3)	Philadelphia, PA	$42,231,162
Columbia University Retiree Medical and Life Insurance Benefits Trust	501(c)(3)	New York, NY	$25,760,888
Mississippi Bankers Voluntary Employees' Association Plan and Trust	501(c)(9)	Ridgeland, MS	$24,940,951
Daimler Trucks NA LLC Employee Benefit Basic Trust	501(c)(9)	Portland, OR	$28,042,464
California Schools Benefits Trust	501(c)(9)	San Diego, CA	$66,867,724
Union Benefits Trust	501(c)(9)	Westerville, OH	$32,520,050
Laborers Vacation-Holiday Trust Fund for Northern California	501(c)(9)	Pleasanton, CA	$117,309,739
Teamsters Local 1932 Health and Welfare Trust	501(c)(9)	San Bernardino, CA	$70,134,479
Plumbers Local 24 Welfare Fund	501(c)(9)	West Caldwell, NJ	$20,397,461

Data update history

July 10, 2024

Used new vendors

Identified 1 new vendor, including

July 21, 2023

Posted financials

Added Form 990 for fiscal year 2022

July 3, 2023

Updated personnel

Identified 1 new personnel

February 3, 2023

Posted financials

Added Form 990 for fiscal year 2021

August 22, 2021

Posted financials

Added Form 990 for fiscal year 2019

Nonprofit Types

Fraternal societiesMutual assistance organizationsChapter / child organizationsCharities

Issues

No issues found

Characteristics

State / local levelTax deductible donationsNo full-time employees

General information

Address: 77 Massachusetts Ave Ne49-3142; Cambridge, MA 02139
Metro area: Boston-Cambridge-Newton, MA-NH
County: Middlesex County, MA

IRS details

EIN: 04-3177556
Fiscal year end: June
Taxreturn type: Form 990
Year formed: 1992
Eligible to receive tax-deductible contributions (Pub 78): Yes

Categorization

NTEE code, primary: Y40: Fraternal Beneficiary Societies and Voluntary Employees Associations
NAICS code, primary: 525120: Health and Welfare Funds
Parent/child status: Subordinate organization

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Massachusetts Institute of Technology Welfare Benefit Plans Trust

Program areas at Massachusetts Institute of Technology Welfare Benefit Plans Trust

Personnel at Massachusetts Institute of Technology Welfare Benefit Plans Trust

Financials for Massachusetts Institute of Technology Welfare Benefit Plans Trust

Form 990s for Massachusetts Institute of Technology Welfare Benefit Plans Trust

Organizations like Massachusetts Institute of Technology Welfare Benefit Plans Trust

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