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Each tax year counts once: when a return was amended, only the latest return for that period is used below (superseded returns stay listed, greyed, under Finances).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.
| Name | Latest title | Years | Latest year pay | Total pay from here | Organizations |
|---|---|---|---|---|---|
| Pnc Bank N A Institution | TRUSTEE | 2021-2024 | $563,363 | $1,389,692 | 2707 |
Unpaid officers and directors · 1 person
| Name | Latest title | Years | Organizations |
|---|---|---|---|
| Jp Morgan Chase Bank Na Institution (former) | Trustee | 2019-2020 | 1826 |
People by year
2024 · 1 person listed · 1 paid, $563K · 0 employees
| Name | Title | Hrs/wk | From org | From related | Other | Total | Orgs |
|---|---|---|---|---|---|---|---|
| PNC BANK N A Institution | TRUSTEE | 1 | $563,363 | $0 | $0 | $563,363 | 2707 |
2023 · 1 person listed · 1 paid, $503K · 0 employees
| Name | Title | Hrs/wk | From org | From related | Other | Total | Orgs |
|---|---|---|---|---|---|---|---|
| PNC BANK N A Institution | TRUSTEE | 1 | $503,117 | $0 | $0 | $503,117 | 2707 |
2022 · 1 person listed · 1 paid, $323K · 0 employees
| Name | Title | Hrs/wk | From org | From related | Other | Total | Orgs |
|---|---|---|---|---|---|---|---|
| PNC BANK NA Institution | TRUSTEE | 1 | $323,212 | $0 | $0 | $323,212 | 2707 |
2021 · 1 person listed · none paid · 0 employees
| Name | Title | Hrs/wk | From org | From related | Other | Total | Orgs |
|---|---|---|---|---|---|---|---|
| PNC BANK NA Institution | TRUSTEE | 0 | $0 | $0 | $0 | $0 | 2707 |
2020 · 1 person listed · none paid · 0 employees · 0 volunteers
| Name | Title | Hrs/wk | From org | From related | Other | Total | Orgs |
|---|---|---|---|---|---|---|---|
| JPMorgan Chase Bank NA Institution | Trustee | 0 | $0 | $0 | $0 | $0 | 1826 |
2019 · 1 person listed · none paid · 0 employees · 0 volunteers
| Name | Title | Hrs/wk | From org | From related | Other | Total | Orgs |
|---|---|---|---|---|---|---|---|
| JPMorgan Chase Bank N Institution | Trustee | 1 | $0 | $0 | $0 | $0 | 1826 |
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.
| Revenue | Expenses | Assets | Net assets | Contributions | Program revenue | Officer pay | Employees | Volunteers |
|---|---|---|---|---|---|---|---|---|
| 2024 · Form 990 | ||||||||
| $17,376,043 | $911,285 | $406,922,892 | $406,922,892 | $0 | $0 | $563,363 | 0 | - |
| 2023 · Form 990 | ||||||||
| $13,313,991 | $924,335 | $389,841,624 | $389,841,624 | $0 | $0 | $503,117 | 0 | - |
| 2022 · Form 990 | ||||||||
| -$37,648,300 | $537,711 | $376,559,315 | $376,559,315 | $0 | $0 | $323,212 | 0 | - |
| 2021 · Form 990 | ||||||||
| $86,965,284 | $0 | $414,758,389 | $414,758,389 | $0 | $0 | $0 | 0 | - |
| 2020 · Form 990 | ||||||||
| $31,090,547 | $0 | $327,793,105 | $327,793,105 | $0 | $0 | $0 | 0 | 0 |
| 2019 · Form 990 | ||||||||
| $31,016,401 | $0 | $296,702,558 | $296,702,558 | $5,000,000 | $0 | $0 | 0 | 0 |
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
| Line | As described | Total | Program | Management | Fundraising | Share |
|---|---|---|---|---|---|---|
| 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 | $911,285 | 100% |
2023 · Form 990 · $924,335 spent · pay $503,117 · grants $0 · events $0
| Line | As described | Total | Program | Management | Fundraising | Share |
|---|---|---|---|---|---|---|
| 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 | $924,335 | 100% |
2022 · Form 990 · $537,711 spent · pay $323,212 · grants $0 · events $0
| Line | As described | Total | Program | Management | Fundraising | Share |
|---|---|---|---|---|---|---|
| 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 | $537,711 | 100% |