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EIN 04-3177556

Massachusetts Institute of Technology Welfare Benefit Plans Trust

IRS 501(c) type
501(c)(3)
Num. employees
0
City
Cambridge
State
Massachusetts
Year formed
1992
Most recent tax filings
2022-06-01
NTEE code, primary
Y40: Fraternal Beneficiary Societies and Voluntary Employees Associations
Description
The Massachusetts Institute of Technology Welfare Benefit Plans Trust is designed to provide health and life insurance benefits to covered eligible retirees of the Institute, along with their dependents, and individuals receiving long-term disability benefits for at least three years. Located in Cambridge, MA, the trust provided medical and life insurance benefits to approximately 7029 individuals.
Related structure
Massachusetts Institute of Technology Welfare Benefit Plans Trust is a subordinate organization under Massachusetts Institute of Technology (MIT).
Also known as...
Massachusetts Institute of Technology Retiree Welfare Benefit Trust; Massachusetts Institute of Technology Retiree Medical Benefit Trust
Total revenues
$184,682,000
2022
Total expenses
$42,698,000
2022
Total assets
$957,104,000
2022
Num. employees
0
2022

Program areas at Massachusetts Institute of Technology Welfare Benefit Plans Trust

Medical and life insurance benefits for eligible retirees, along with medical benefits for those receiving long term disability benefits for at least three years, were provided to approximately 7155 individuals covered under the Massachusetts Institute of Technology (mit) Welfare Benefit Plans Trust.

Personnel at Massachusetts Institute of Technology Welfare Benefit Plans Trust

NameTitle
Danielle KhouryController
Jodi KesslerDirector , Tax and Global Operations

Financials for Massachusetts Institute of Technology Welfare Benefit Plans Trust

RevenuesFYE 06/2022
Total grants, contributions, etc.$0
Program services$20,222,000
Investment income and dividends$706,000
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$163,754,000
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$184,682,000

Form 990s for Massachusetts Institute of Technology Welfare Benefit Plans Trust

Fiscal year endingDate received by IRSFormPDF link
2021-062022-07-11990View PDF
2020-062021-05-20990View PDF
2019-062021-02-09990View PDF
2018-062019-08-17990View PDF
2017-062018-11-15990View PDF
...and 7 more Form 990s
Data update history
July 3, 2023
Updated personnel
Identified 1 new personnel
February 3, 2023
Posted financials
Added Form 990 for fiscal year 2021
August 22, 2021
Posted financials
Added Form 990 for fiscal year 2019
July 13, 2021
Posted financials
Added Form 990 for fiscal year 2020
March 31, 2021
Updated personnel
Identified 1 new personnel
Nonprofit Types
Fraternal societiesMutual assistance organizationsChapter / child organizationsCharities
Issues
No issues found
Characteristics
State / local levelTax deductible donationsNo full-time employees
General information
Address
77 Massachusetts Ave Ne49-3142
Cambridge, MA 02139
Metro area
Boston-Cambridge-Newton, MA-NH
County
Middlesex County, MA
IRS details
EIN
04-3177556
Fiscal year end
June
Taxreturn type
Form 990
Year formed
1992
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
Y40: Fraternal Beneficiary Societies and Voluntary Employees Associations
NAICS code, primary
525120: Health and Welfare Funds
Parent/child status
Subordinate organization
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