Nonprofit · EIN 16-1457001
CORNELL MEDICAL BENEFITS TR
Tax-exempt (reinstated) · PITTSBURGH, PA 15219
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $17,376,043 | $911,285 | $16,464,758 | $406,922,892 | $0 | $406,922,892 |
| June 30, 2024 | 990 | $13,313,991 | $924,335 | $12,389,656 | $389,841,624 | $0 | $389,841,624 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $0
- Investment income
- $17,376,043
- Net gain from sales of assets
- $4,382,932
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $563,363
- Salaries, compensation and benefits (total)
- $563,363
- Professional fundraising fees
- $0
- Program services (functional)
- $114,173
- Management and general (functional)
- $797,112
Balance sheet and other
- Total assets, start of year
- $389,841,624
- Total assets, end of year
- $406,922,892
- Total liabilities, end of year
- $0
- Net assets, end of year
- $406,922,892
- Gross receipts
- $59,228,218
- Employees
- 0
- Year formed
- 1994
- State of legal domicile
- NY
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| PNC BANK N A | TRUSTEE Institutional trustee | 1 | $563,363 |
990 for the year ended June 30, 2024: 1 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| PNC BANK N A | TRUSTEE Institutional trustee | 1 | $503,117 |
Address and contacts
- Address (IRS master file)
- 500 1ST AVE, PITTSBURGH, PA 15219-3128
- In care of
- % JPMORGAN CHASE BANK NA
- Principal officer (990 for 2024)
- CHRISTINA HRITZ PNC BANK, 500 FIRST AVE P7-PFSC-03-Z, PITTSBURGH, PA 15219
- Signed the 990
- PNC BANK N A, TAX MANAGER
- Phone
- (412) 768-6324
- Return prepared by
- PWC US TAX LLP
Mission
AS REQUIRED BY ITS INSTRUMENT, THIS TRUST ASSISTS CORNELL UNIVERSITY IN PROVIDING MEDICAL BENEFITS TO CORNELL UNIVERSITY EMPLOYEES.
Program accomplishments
- SEE SCHEDULE O-PART III-4A DESCRIPTION
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 16-1457001
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization, Type I
- Donations deductible (Pub 78)
- Supporting organization, 50% limit
- Exempt since
- 2020
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T11)
- Assets (IRS master file)
- $406,922,892
- Income (IRS master file)
- $59,228,218
Revocation and reinstatement
- Exemption revoked
- November 15, 2016
- Posted by the IRS
- March 13, 2017
- Reinstated
- Effective November 15, 2016
From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $17,376,043 | $911,285 | $406,922,892 | XML |
| 990 | June 2024 | $13,313,991 | $924,335 | $389,841,624 | IRS |
| 990 | June 2023 | -$37,648,300 | $537,711 | $376,559,315 | IRS |
| 990 | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 16-1457001).
Questions about CORNELL MEDICAL BENEFITS TR
- What is the EIN of CORNELL MEDICAL BENEFITS TR?
- The employer identification number (EIN) of CORNELL MEDICAL BENEFITS TR is 16-1457001.
- Is CORNELL MEDICAL BENEFITS TR tax-exempt?
- Yes. The IRS revoked its exemption on November 15, 2016 and reinstated it effective November 15, 2016.
- Are donations to CORNELL MEDICAL BENEFITS TR tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization, 50% limit).
- Which annual return does CORNELL MEDICAL BENEFITS TR file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of CORNELL MEDICAL BENEFITS TR due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did CORNELL MEDICAL BENEFITS TR last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of CORNELL MEDICAL BENEFITS TR?
- The 990 for the year ended June 30, 2025 names CHRISTINA HRITZ PNC BANK.
- Who are the officers and directors of CORNELL MEDICAL BENEFITS TR?
- The 990 for the year ended June 30, 2025 lists 1 person; 1 received compensation from the organization, the highest $563,363 (PNC BANK N A, TRUSTEE).
- How much revenue does CORNELL MEDICAL BENEFITS TR have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $17,376,043, expenses of $911,285 and total assets of $406,922,892 at year end.
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