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Nonprofit · EIN 20-6740815

ROLEX WATCH USA INC RETIREE MEDICAL TR

Also known as MICHAEL P ELMS TTEE

Tax-exempt · NEW YORK, NY 10019

Financials

$963K$1.4M2023$1.1M$1.5M2024
Revenue Expenses · by fiscal year end
Financials of ROLEX WATCH USA INC RETIREE MEDICAL TR by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$1,089,247$1,466,027-$376,780$11,096,962$67,000$11,029,962
December 31, 2023990$963,277$1,388,962-$425,685$11,250,829$78,000$11,172,829
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$354,312
Investment income
$734,935
Net gain from sales of assets
$488,743
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Benefits paid to members
$1,153,201
Compensation of officers, directors and key employees
$113,604
Salaries, compensation and benefits (total)
$113,604
Professional fundraising fees
$0

Balance sheet and other

Total assets, start of year
$11,250,829
Total assets, end of year
$11,096,962
Total liabilities, end of year
$67,000
Net assets, end of year
$11,029,962
Publicly traded securities
$10,836,990
Gross unrelated business income
$734,935
Gross receipts
$4,182,392
Employees
0
Volunteers
4
Year formed
2005
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 December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
UBS FINANICAL SERVICES INCTRUSTEE
Institutional trustee
10$113,604
PETER COUSINSTRUSTEE
Trustee or director
5$0
MARK GOLDBERGTRUSTEE
Trustee or director
5$0
KENNETH SACKSTRUSTEE
Trustee or director
5$0
MICHELE TANCREDITRUSTEE
Trustee or director
5$0
990 for the year ended December 31, 2023: 5 people
NameTitleHours / weekCompensation
UBS FINANICAL SERVICES INCTRUSTEE
Institutional trustee
10$110,014
PETER COUSINSTRUSTEE
Trustee or director
5$0
MARK GOLDBERGTRUSTEE
Trustee or director
5$0
KENNETH SACKSTRUSTEE
Trustee or director
5$0
MICHELE TANCREDITRUSTEE
Trustee or director
5$0

Address and contacts

Address (IRS master file)
650 FIFTH AVENUE, NEW YORK, NY 10019-6108
In care of
% GIBNEY ANTHONY & FLAHERTY LLP
Principal officer (990 for 2024)
MARK W GOLDBERG, 650 FIFTH AVENUE, NEW YORK, NY 10019
Signed the 990
MARK W GOLDBERG, TRUSTEE
Phone
(212) 758-7700
Return prepared by
PKF O'CONNOR DAVIES ADVISORY LLC

Mission

THE PRIMARY PURPOSE OF THE PLAN IS TO PROVIDE POSTRETIREMENT HEALTH INSURANCE BENEFITS TO CERTAIN FORMER EMPLOYEES OF ROLEX WATCH U.S.A., INC. AND CERTAIN OF ITS AFFILAITED COMPANIES.

990 for the year ended December 31, 2024

Program accomplishments

  • PROVISION FOR POSTRETIREMENT HEALTH INSURANCE BENEFITS TO CERTAIN FORMER EMPLOYEES OF ROLEX WATCH U.S.A., INC.

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 December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
20-6740815
Tax-exempt status
501(c)(9): Voluntary employees' beneficiary association
Donations deductible
No
Exempt since
2007
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$11,096,962
Income (IRS master file)
$4,182,392

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$1,089,247$1,466,027$11,096,962XML
990December 2023$963,277$1,388,962$11,250,829XML
990December 2022$867,101$1,365,352$10,548,579IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––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 20-6740815).

Questions about ROLEX WATCH USA INC RETIREE MEDICAL TR

What is the EIN of ROLEX WATCH USA INC RETIREE MEDICAL TR?
The employer identification number (EIN) of ROLEX WATCH USA INC RETIREE MEDICAL TR is 20-6740815.
Is ROLEX WATCH USA INC RETIREE MEDICAL TR tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(9) since 2007.
Are donations to ROLEX WATCH USA INC RETIREE MEDICAL TR tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does ROLEX WATCH USA INC RETIREE MEDICAL 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 ROLEX WATCH USA INC RETIREE MEDICAL TR due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did ROLEX WATCH USA INC RETIREE MEDICAL TR last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of ROLEX WATCH USA INC RETIREE MEDICAL TR?
The 990 for the year ended December 31, 2024 names MARK W GOLDBERG.
Who are the officers and directors of ROLEX WATCH USA INC RETIREE MEDICAL TR?
The 990 for the year ended December 31, 2024 lists 5 people; 1 received compensation from the organization, the highest $113,604 (UBS FINANICAL SERVICES INC, TRUSTEE).
How much revenue does ROLEX WATCH USA INC RETIREE MEDICAL TR have?
On its 990 for the year ended December 31, 2024 it reported revenue of $1,089,247, expenses of $1,466,027 and total assets of $11,096,962 at year end.

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