Nonprofit · EIN 25-6702878
PRUDENTIAL WELFARE BENEFITS TR
Tax-exempt · NEWARK, NJ 07102
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $277,539,445 | $276,781,957 | $757,488 | $21,647,302 | $0 | $21,647,302 |
| December 31, 2023 | 990 | $271,925,011 | $274,089,986 | -$2,164,975 | $20,749,048 | $0 | $20,749,048 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $276,515,474
- Investment income
- $1,023,971
- Net gain from sales of assets
- -$289,536
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Benefits paid to members
- $276,762,812
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
Balance sheet and other
- Total assets, start of year
- $20,749,048
- Total assets, end of year
- $21,647,302
- Total liabilities, end of year
- $0
- Net assets, end of year
- $21,647,302
- Publicly traded securities
- $14,920,351
- Gross receipts
- $279,453,981
- Employees
- 0
- Volunteers
- 3
- Year formed
- 2001
- 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.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| GARY NEUBECK | MEMBER OF INV. OVERSIGHT C Trustee or director | 0.5 | $0 |
| SARA BONESTEEL | MEMBER OF INV. OVERSIGHT C Trustee or director | 0.5 | $0 |
| KATE TEKKER | MEMBER OF INV. OVERSIGHT C Trustee or director | 0.5 | $0 |
| PRUDENTIAL TRUST COMPANY | TRUSTEE Institutional trustee | 0.5 | $0 |
990 for the year ended December 31, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| GARY NEUBECK | MEMBER OF INV. OVERSIGHT C Trustee or director | 0.5 | $0 |
| SARA BONESTEEL | MEMBER OF INV. OVERSIGHT C Trustee or director | 0.5 | $0 |
| KATE TEKKER | MEMBER OF INV. OVERSIGHT C Trustee or director | 0.5 | $0 |
| PRUDENTIAL TRUST COMPANY | TRUSTEE Institutional trustee | 0.5 | $0 |
Address and contacts
- Address (IRS master file)
- 751 BROAD STREET 21ST FLOOR, NEWARK, NJ 07102-3754
- In care of
- % THE PRUDENTIAL TRUST CO
- Principal officer (990 for 2024)
- PRUDENTIAL TRUST CO, 30 SCRANTON OFFICE PARK, SCRANTON, PA 185071796
- Signed the 990
- MICHAEL SIMONETTI, VICE PRESIDENT
- Phone
- (973) 802-8664
- Return prepared by
- DELOITTE TAX LLP
Mission
THE PRUDENTIAL WELFARE BENEFITS TRUST IS INTENDED TO FUND MEDICAL, DENTAL, DISABILITY, AND OTHER WELFARE BENEFITS PAYABLE TO PARTICIPANTS AND THEIR DEPENDENTS IN THE PRUDENTIAL WELFARE BENEFITS PLAN.
Program accomplishments
- PAYMENTS TO INSURANCE CARRIERS AND CONTRACT ADMINISTRATORS FOR MEDICAL, DENTAL, DISABILITY, AND OTHER WELFARE BENEFITS TO PARTICIPANTS AND THEIR DEPENDENTS IN THE PRUDENTIAL WELFARE BENEFITS PLAN.
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 year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 25-6702878
- Tax-exempt status
- 501(c)(9): Voluntary employees' beneficiary association
- Donations deductible
- No
- Exempt since
- 2001
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Mutual and membership benefit (Y43)
- Assets (IRS master file)
- $21,647,302
- Income (IRS master file)
- $279,453,981
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $277,539,445 | $276,781,957 | $21,647,302 | XML |
| 990 | December 2023 | $271,925,011 | $274,089,986 | $20,749,048 | XML |
| 990 | December 2022 | $240,935,687 | $239,598,258 | $21,261,674 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | 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 25-6702878).
Questions about PRUDENTIAL WELFARE BENEFITS TR
- What is the EIN of PRUDENTIAL WELFARE BENEFITS TR?
- The employer identification number (EIN) of PRUDENTIAL WELFARE BENEFITS TR is 25-6702878.
- Is PRUDENTIAL WELFARE BENEFITS TR tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(9) since 2001.
- Are donations to PRUDENTIAL WELFARE BENEFITS TR tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does PRUDENTIAL WELFARE 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 PRUDENTIAL WELFARE BENEFITS 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 PRUDENTIAL WELFARE BENEFITS 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 PRUDENTIAL WELFARE BENEFITS TR?
- The 990 for the year ended December 31, 2024 names PRUDENTIAL TRUST CO.
- Who are the officers and directors of PRUDENTIAL WELFARE BENEFITS TR?
- The 990 for the year ended December 31, 2024 lists 4 people; 0 received compensation from the organization.
- How much revenue does PRUDENTIAL WELFARE BENEFITS TR have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $277,539,445, expenses of $276,781,957 and total assets of $21,647,302 at year end.
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