New York University Veba Trust
Overview
Mission
The purpose of New York university veba trust is to fund the benefits provided to eligible participants and their eligible dependents and beneficiaries under the New York university retiree health and welfare plan.
What it reported doing in 2024
Though the fund does not undertake program services and does not report any expenses on form 990, part ix, col(b), the trust will fund future benefits provided to eligible participants and their eligible dependents and beneficiaries in the New York university retiree health and welfare plan.
Operating model
- Revenue model
- Investment-supported. 100% of the money available for current operations came from recurring investment income.
- Distribution model
- No current program activity. The filing reports no program spending for the current year.
Nonprofit profile at a glance
- EIN
- 016274657
- IRS 990 coverage
- 2009–2024
- Forms available
- Form 990 2024
- Headquarters
- New York, NY, USA
- Phone
- 2129982955
- Rating
- 45
- Verdict
- MIXED
- Rating confidence
- Moderate
- Sector
- Voluntary Employees Beneficiary Associations (Non-Government)
The verdict
MIXED - The filed numbers largely add up and revenue comfortably covers expenses. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 0
- Transparency & Controls: 100
- Accountability: 36
- Sustainability: 88
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 0%; rating input score 0
- Program expense ratio: 0%; rating input score 0
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 0%; rating input score 0; 3rd percentile among comparable filings
- Governance controls: 6 of 9 controls in place; rating input score 86
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Limited
- Other executive compensation review process: Limited
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 98.2%; rating input score 100; 100th percentile among comparable filings
- Total-asset coverage ratio: 1,670.65; rating input score 100; 100th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 97; 97th percentile among comparable filings
- Officer compensation ratio: 100%; rating input score 0; 0th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: 1.1% per year; rating input score 100; 16th percentile among comparable filings
- Asset growth: 13.9% per year; rating input score 100; 71st percentile among comparable filings
Details
- Where the money goes: 0% of revenue deployed · 0% of spending went to programs
- Governance: 0 of 1 board members independent · 6 of 9 filing controls reported
- Programs: 1 filed program accomplishment
- Leadership: top reported pay $136K · 2 people listed
- Consistency: 14 of 14 current checks pass
- Schedules: 3 filed schedules
- Filing history: 16 annual filings from 2009 to 2024
- Contacts: How to reach this organization
- Related organizations: 1 filed related-organization link
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Leadership & pay
2 people listed
Highest reported compensation
- US Bank National Association (Trustee (Start date: 11/01/2024)): $135,612 total reported compensation
- VANGUARD FIDUCIARY TRUST COMPANY (Trustee (end date: 10/31/2024)): $41,764 total reported compensation
Source: IRS Form 990. Selected filing: FY2024.