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Nonprofit · EIN 23-6209407

NATIONAL ELEVATOR INDUSTRY HEALTH BENEFIT PLAN

Tax-exempt · NEWTOWN SQ, PA 19073

Financials

$1.1B$1B2023$1.2B$1B2024
Revenue Expenses · by fiscal year end
Financials of NATIONAL ELEVATOR INDUSTRY HEALTH BENEFIT PLAN by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$1,167,161,646$1,042,220,586$124,941,060$3,408,987,705$81,051,323$3,327,936,382
December 31, 2023990$1,075,863,831$1,002,295,705$73,568,126$3,148,601,461$128,050,024$3,020,551,437
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$1,060,519,626
Investment income
$105,126,459
Net gain from sales of assets
$49,226,086
Other revenue
$1,515,561

Expenses

Grants and similar amounts paid
$0
Benefits paid to members
$987,182,570
Compensation of officers, directors and key employees
$467,367
Other salaries and wages
$5,489,497
Salaries, compensation and benefits (total)
$9,597,434
Professional fundraising fees
$0
Legal fees
$647,416
Accounting fees
$560,059
Occupancy
$932,909
Travel
$980
Depreciation
$170,733

Balance sheet and other

Total assets, start of year
$3,148,601,461
Total assets, end of year
$3,408,987,705
Total liabilities, end of year
$81,051,323
Net assets, end of year
$3,327,936,382
Land, buildings and equipment
$387,722
Publicly traded securities
$1,100,004,460
Gross receipts
$2,362,024,840
Employees
0
Volunteers
0
Year formed
1952
State of legal domicile
PA

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 / weekCompensationFrom related orgsOther / benefits
LARRY J MCGANNTRUSTEE/CHAIRMAN
Trustee or director
8$0$425,184$208,627
STEVEN BRUNOTRUSTEE
Trustee or director
2$0$304,417$166,917
NEWTON BLANCHARD IVTRUSTEE
Trustee or director
2$0$304,417$166,917
TERENCE CARRTRUSTEE
Trustee or director
2$0$304,417$166,917
JERRY CLUFFTRUSTEE
Trustee or director
2$0$304,417$166,917
JOHN A MCGOWANDIRECTOR OF HEALTH CLAIMS
Key employee
40$205,356$0$52,885
ROBERT O BETTS JREXECUTIVE DIRECTOR
Officer
22$173,466$0$35,680
PATRICIA M NELSONCLAIMS ADMINISTRATION
Highest-paid employee
40$129,821$0$34,633
RICK AMAROSATRUSTEE/CO-CHAIRMAN
Trustee or director
8$0$0$0
VINCENT SCHIAVONETRUSTEE
Trustee or director
2$0$0$0
R ALLEN SPEARSTRUSTEE
Trustee or director
4$0$0$0
SUZANNE TARTTRUSTEE
Trustee or director
2$0$0$0
JATHAN VAN WINKLETRUSTEE
Trustee or director
2$0$0$0
CANDICE WIMMERTRUSTEE
Trustee or director
2$0$0$0
990 for the year ended December 31, 2023: 13 people
NameTitleHours / weekCompensationFrom related orgsOther / benefits
LARRY J MCGANNTRUSTEE/CO-CHAIRMAN
Trustee or director
8$0$409,430$208,411
STEVEN BRUNOTRUSTEE
Trustee or director
2$0$291,891$166,248
NEWTON BLANCHARD IVTRUSTEE
Trustee or director
2$0$291,891$166,248
TERENCE CARRTRUSTEE
Trustee or director
2$0$291,891$166,248
JOHN A MCGOWANDIRECTOR OF HEALTH CLAIMS
Key employee
40$197,846$0$52,288
ROBERT O BETTS JREXECUTIVE DIRECTOR
Officer
22$167,566$0$28,301
RICK AMAROSATRUSTEE/CHAIRMAN
Trustee or director
8$0$0$0
VINCENT SCHIAVONETRUSTEE
Trustee or director
2$0$0$0
R ALLEN SPEARSTRUSTEE
Trustee or director
4$0$0$0
SUZANNE TARTTRUSTEE
Trustee or director
2$0$0$0
JACK UPCHURCHTRUSTEE
Trustee or director
2$0$0$0
JATHAN VAN WINKLETRUSTEE
Trustee or director
2$0$0$0
CANDICE WIMMERTRUSTEE
Trustee or director
2$0$0$0

Address and contacts

Address (IRS master file)
19 CAMPUS BLVD STE 200, NEWTOWN SQ, PA 19073-3239
Principal officer (990 for 2024)
ROBERT O BETTS JR, 19 CAMPUS BLVD 200, NEWTOWN SQUARE, PA 19073
Signed the 990
LARRY MCGANN, TRUSTEE/CHAIRMAN
Phone
(800) 523-4702
Return prepared by
DANIEL A WINTERS & COMPANY CPAS

Mission

THE PURPOSE OF THIS PLAN IS TO PROVIDE HEALTH AND WELFARE BENEFITS AND THE MEANS FOR FINANCING THE EXPENSES OF THE TRUSTEES IN THE OPERATION AND ADMINISTRATION OF THIS TRUST.

990 for the year ended December 31, 2024

Program accomplishments

  • THE PURPOSE OF THIS PLAN IS TO PROVIDE HEALTH AND WELFARE BENEFITS AND THE MEANS FOR FINANCING THE EXPENSES OF THE TRUSTEES IN THE OPERATION AND ADMINISTRATION OF THIS TRUST. THIS IS ESSENTIALLY THE ONLY PROGRAM SERVICE OF THE ORGANIZATION AND ALL OF THE REVENUES AND EXPENSES ARE CONSIDERED TO BE FOR THIS PURPOSE.

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
23-6209407
Tax-exempt status
501(c)(9): Voluntary employees' beneficiary association
Donations deductible
No
Exempt since
1955
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$3,408,987,705
Income (IRS master file)
$2,362,024,840

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$1,167,161,646$1,042,220,586$3,408,987,705IRS
990December 2023$1,075,863,831$1,002,295,705$3,148,601,461XML
990December 2022$925,680,318$927,321,496$2,821,003,990IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––IRS
990December 2017–––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 23-6209407).

Questions about NATIONAL ELEVATOR INDUSTRY HEALTH BENEFIT PLAN

What is the EIN of NATIONAL ELEVATOR INDUSTRY HEALTH BENEFIT PLAN?
The employer identification number (EIN) of NATIONAL ELEVATOR INDUSTRY HEALTH BENEFIT PLAN is 23-6209407.
Is NATIONAL ELEVATOR INDUSTRY HEALTH BENEFIT PLAN tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(9) since 1955.
Are donations to NATIONAL ELEVATOR INDUSTRY HEALTH BENEFIT PLAN tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does NATIONAL ELEVATOR INDUSTRY HEALTH BENEFIT PLAN 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 NATIONAL ELEVATOR INDUSTRY HEALTH BENEFIT PLAN 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 NATIONAL ELEVATOR INDUSTRY HEALTH BENEFIT PLAN 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 NATIONAL ELEVATOR INDUSTRY HEALTH BENEFIT PLAN?
The 990 for the year ended December 31, 2024 names ROBERT O BETTS JR.
Who are the officers and directors of NATIONAL ELEVATOR INDUSTRY HEALTH BENEFIT PLAN?
The 990 for the year ended December 31, 2024 lists 14 people; 3 received compensation from the organization.
How much revenue does NATIONAL ELEVATOR INDUSTRY HEALTH BENEFIT PLAN have?
On its 990 for the year ended December 31, 2024 it reported revenue of $1,167,161,646, expenses of $1,042,220,586 and total assets of $3,408,987,705 at year end.

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