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Nonprofit · EIN 83-0430487

ORMET CORPORATION HANNIBAL OHIO HOURLY RETIREE BENEFIT TR

Tax-exempt · PITTSBURGH, PA 15222

Financials

$3.1M$4.8M2023$3.1M$3.6M2024
Revenue Expenses · by fiscal year end
Financials of ORMET CORPORATION HANNIBAL OHIO HOURLY RETIREE BENEFIT TR by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$3,062,247$3,579,073-$516,826$44,893,631$0$44,893,631
December 31, 2023990$3,140,939$4,757,243-$1,616,304$43,386,361$0$43,386,361
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$733,332
Investment income
$2,328,692
Net gain from sales of assets
$1,188,252
Other revenue
$223

Expenses

Grants and similar amounts paid
$0
Benefits paid to members
$3,200,920
Compensation of officers, directors and key employees
$85,665
Salaries, compensation and benefits (total)
$85,665
Professional fundraising fees
$0
Legal fees
$5,245
Accounting fees
$34,852

Balance sheet and other

Total assets, start of year
$43,386,361
Total assets, end of year
$44,893,631
Total liabilities, end of year
$0
Net assets, end of year
$44,893,631
Publicly traded securities
$41,980,092
Gross receipts
$14,650,747
Employees
0
Volunteers
0
Year formed
2005
State of legal domicile
OH

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
PNC BANKINSTITUTIONAL TRUSTEE
Institutional trustee
24$65,253
JAMES CARNEYCOMMITTEE MEMBER
Trustee or director
1$6,804
HOWARD KLINECOMMITTEE MEMBER
Trustee or director
1$6,804
JEANETTE STUMPCOMMITTEE MEMBER
Trustee or director
1$6,804
NICHOLAS SCHAFERCOMMITTEE MEMBER
Trustee or director
1$0
990 for the year ended December 31, 2023: 5 people
NameTitleHours / weekCompensation
PNC BANKINSTITUTIONAL TRUSTEE
Institutional trustee
24$65,254
JAMES CARNEYCOMMITTEE MEMBER
Trustee or director
1$6,753
HOWARD KLINECOMMITTEE MEMBER
Trustee or director
1$6,753
JEANETTE STUMPCOMMITTEE MEMBER
Trustee or director
1$6,753
NICHOLAS SCHAFERCOMMITTEE MEMBER
Trustee or director
1$0

Address and contacts

Address (IRS master file)
60 BOULEVARD OF THE ALLIES 5TH, PITTSBURGH, PA 15222-0000
In care of
% REED SMITH LLP
Principal officer (990 for 2024)
JEANETTE STUMP, 60 BOULEVARD OF THE ALLIES 5TH, FLOOR, PITTSBURGH, PA 15222
Signed the 990
JEANETTE STUMP, COMMITTEE MEMBER
Phone
(412) 201-2242
Return prepared by
GROSSMAN YANAK & FORD LLP

Mission

THE PRIMARY EXEMPT PURPOSE FOR THIS VOLUNTARY EMPLOYEES' BENEFICIARY ASSOCIATION (VEBA) DURING THE YEAR WAS THE PAYMENT OF SICK, ACCIDENT, OR OTHER BENEFITS TO THE PARTICIPANTS, THEIR DEPENDENTS, OR DESIGNATED BENEFICIARIES.

990 for the year ended December 31, 2024

Program accomplishments

  • VOLUNTARY EMPLOYEE BENEFICIARY ASSOCIATION WHICH PROVIDES HEALTH AND WELFARE BENEFITS TO APPROXIMATELY 2,300 PARTICIPANTS.

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
83-0430487
Tax-exempt status
501(c)(9): Voluntary employees' beneficiary association
Donations deductible
No
Exempt since
2006
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$44,893,631
Income (IRS master file)
$14,650,747

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$3,062,247$3,579,073$44,893,631XML
990December 2023$3,140,939$4,757,243$43,386,361XML
990December 2022$1,784,439$4,541,591$41,317,020IRS
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 83-0430487).

Questions about ORMET CORPORATION HANNIBAL OHIO HOURLY RETIREE BENEFIT TR

What is the EIN of ORMET CORPORATION HANNIBAL OHIO HOURLY RETIREE BENEFIT TR?
The employer identification number (EIN) of ORMET CORPORATION HANNIBAL OHIO HOURLY RETIREE BENEFIT TR is 83-0430487.
Is ORMET CORPORATION HANNIBAL OHIO HOURLY RETIREE BENEFIT TR tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(9) since 2006.
Are donations to ORMET CORPORATION HANNIBAL OHIO HOURLY RETIREE BENEFIT TR tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does ORMET CORPORATION HANNIBAL OHIO HOURLY RETIREE BENEFIT 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 ORMET CORPORATION HANNIBAL OHIO HOURLY RETIREE BENEFIT 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 ORMET CORPORATION HANNIBAL OHIO HOURLY RETIREE BENEFIT 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 ORMET CORPORATION HANNIBAL OHIO HOURLY RETIREE BENEFIT TR?
The 990 for the year ended December 31, 2024 names JEANETTE STUMP.
Who are the officers and directors of ORMET CORPORATION HANNIBAL OHIO HOURLY RETIREE BENEFIT TR?
The 990 for the year ended December 31, 2024 lists 5 people; 4 received compensation from the organization, the highest $65,253 (PNC BANK, INSTITUTIONAL TRUSTEE).
How much revenue does ORMET CORPORATION HANNIBAL OHIO HOURLY RETIREE BENEFIT TR have?
On its 990 for the year ended December 31, 2024 it reported revenue of $3,062,247, expenses of $3,579,073 and total assets of $44,893,631 at year end.

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