STRATEGY STUDIO / NONPROFIT PEOPLE SEARCH

CORNELL MEDICAL BENEFITS TR

2024 · Form 990 · revenue $17.4M · expenses $911K · assets $406.9M

EIN
16-1457001
Address
500 1ST AVE, PITTSBURGH, PA 15219-3128
NTEE code
T11
Subsection
501(c)(3)
Ruling year
2020
Cross-check
ProPublica Nonprofit Explorer

Mission

AS REQUIRED BY ITS INSTRUMENT, THIS TRUST ASSISTS CORNELL UNIVERSITY IN PROVIDING MEDICAL BENEFITS TO CORNELL UNIVERSITY EMPLOYEES.

Each tax year counts once: when a return was amended, only the latest return for that period is used below (superseded returns stay listed, greyed, under Finances).

People paid by the organization

1 person paid across every filing: current people first, then by total pay from this organization. Organizations counts every nonprofit each person appears on.

NameLatest titleYearsLatest year payTotal pay from hereOrganizations
Pnc Bank N A Institution TRUSTEE2021-2024 $563,363$1,389,692 2707
Unpaid officers and directors · 1 person
NameLatest titleYearsOrganizations
Jp Morgan Chase Bank Na Institution (former) Trustee2019-2020 1826

People by year

2024 · 1 person listed · 1 paid, $563K · 0 employees
NameTitleHrs/wkFrom orgFrom relatedOtherTotalOrgs
PNC BANK N A Institution TRUSTEE1 $563,363$0$0 $563,3632707
2023 · 1 person listed · 1 paid, $503K · 0 employees
NameTitleHrs/wkFrom orgFrom relatedOtherTotalOrgs
PNC BANK N A Institution TRUSTEE1 $503,117$0$0 $503,1172707
2022 · 1 person listed · 1 paid, $323K · 0 employees
NameTitleHrs/wkFrom orgFrom relatedOtherTotalOrgs
PNC BANK NA Institution TRUSTEE1 $323,212$0$0 $323,2122707
2021 · 1 person listed · none paid · 0 employees
NameTitleHrs/wkFrom orgFrom relatedOtherTotalOrgs
PNC BANK NA Institution TRUSTEE0 $0$0$0 $02707
2020 · 1 person listed · none paid · 0 employees · 0 volunteers
NameTitleHrs/wkFrom orgFrom relatedOtherTotalOrgs
JPMorgan Chase Bank NA Institution Trustee0 $0$0$0 $01826
2019 · 1 person listed · none paid · 0 employees · 0 volunteers
NameTitleHrs/wkFrom orgFrom relatedOtherTotalOrgs
JPMorgan Chase Bank N Institution Trustee1 $0$0$0 $01826

Highest-paid independent contractors

No independent contractors reported.

Who gave

Contributor names are not public for this form type.

Public charities filing Form 990 or 990-EZ report large donors on Schedule B, but the IRS withholds their names and addresses from public copies. Private foundations (990-PF) are different: their contributors are public.

Finances

Newest first. Each filing: its name on one row, its figures on the row beneath. Greyed filings are superseded by a later return for the same period and are left out everywhere else on this page.

RevenueExpensesAssetsNet assetsContributionsProgram revenueOfficer payEmployeesVolunteers
2024 · Form 990 period ending 2025-06-30 · view filing · original 990 ↗
$17,376,043$911,285 $406,922,892$406,922,892 $0$0 $563,3630-
2023 · Form 990 period ending 2024-06-30 · view filing · original 990 ↗
$13,313,991$924,335 $389,841,624$389,841,624 $0$0 $503,1170-
2022 · Form 990 period ending 2023-06-30 · view filing · original 990 ↗
-$37,648,300$537,711 $376,559,315$376,559,315 $0$0 $323,2120-
2021 · Form 990 period ending 2022-06-30 · view filing · original 990 ↗
$86,965,284$0 $414,758,389$414,758,389 $0$0 $00-
2020 · Form 990 period ending 2021-06-30 · view filing · original 990 ↗
$31,090,547$0 $327,793,105$327,793,105 $0$0 $000
2019 · Form 990 period ending 2020-06-30 · view filing · original 990 ↗
$31,016,401$0 $296,702,558$296,702,558 $5,000,000$0 $000

Where the money went

Every expense line on each return, biggest first: Form 990 Part IX (with its program, management and fundraising columns), 990-EZ Part I, or 990-PF Part I. Event marks lines the organization itself describes as events. “Events” in each summary adds those lines, conferences and meetings, and the direct costs of fundraising events. Unusual is not the same as improper. Many of these patterns have ordinary explanations. Check the filing.

2024 · Form 990 · $911,285 spent · pay $563,363 · grants $0 · events $0
LineAs describedTotalProgramManagementFundraisingShare
Pay: officers, directors, trustees, key employees $563,363$112,673$450,690- 61.8%
Fees: management $220,019-$220,019- 24.1%
Other (as described)FOREIGN TAXES PAID $126,403-$126,403- 13.9%
Other (as described)STATE FILING FEES $1,500$1,500-- 0.2%
Total$911,285100%

View the filing

2023 · Form 990 · $924,335 spent · pay $503,117 · grants $0 · events $0
LineAs describedTotalProgramManagementFundraisingShare
Pay: officers, directors, trustees, key employees $503,117$100,623$402,494- 54.4%
Other (as described)foreign taxes paid $213,654-$213,654- 23.1%
Fees: management $206,064-$206,064- 22.3%
Other (as described)state filing fees $1,500$1,500-- 0.2%
Total$924,335100%

View the filing

2022 · Form 990 · $537,711 spent · pay $323,212 · grants $0 · events $0
LineAs describedTotalProgramManagementFundraisingShare
Pay: officers, directors, trustees, key employees $323,212$64,642$258,570- 60.1%
Other (as described)foreign taxes paid $119,546-$119,546- 22.2%
Fees: investment management $93,453-$93,453- 17.4%
Other (as described)state filing fees $1,500$1,500-- 0.3%
Total$537,711100%

View the filing