Northern New England Benefit Trust in Manchester, New Hampshire (NH)

Organization representatives - add corrected or new information about Northern New England Benefit Trust »

Non-representatives - add comments about Northern New England Benefit Trust»

Northern New England Benefit Trust
Employer Identification Number (EIN)026015031
Name of OrganizationNorthern New England Benefit Trust
Address51 Goffstown Rd, Manchester, NH 03102
ActivitiesEmployee or member welfare association
SubsectionVoluntary Employees' Beneficiary Association (Non-Govt. Emps.)
Ruling Date02/1967
DeductibilityContributions are not deductible
FoundationAll organizations except 501(c)(3)
OrganizationTrust
Exempt Organization StatusUnconditional Exemption
Tax Period08/2008
Assets$50,000,000 to greater
Income$50,000,000 to greater
Filing Requirement990 (all other) or 990EZ return
Asset Amount$103,700,777
Amount of Income$149,034,680
Form 990 Revenue Amount$87,493,979
National Taxonomy of Exempt Entities (NTEE)Mutual/Membership Benefit Organizations, Other: Voluntary Employees Beneficiary Associations (Non-Government)


Non-representatives - add comments:


CAPTCHA

Your IP address 18.218.180.238 will be logged.

Amount of income in 2008: $149,034,680
This organization: 

 $149,034,680
Other organizations performing similar types of work: 

 $15,763,180

Assets in 2008: $103,700,777
Northern New England Benefit Trust: 

 $103,700,777
Other organizations performing similar types of work: 

 $11,878,897

Expenses in 2007: $84,448,169
This organization: 

 $84,448,169
Other organizations performing similar types of work: 

 $9,981,586

Income to expenses ratio in 2007: 1.0
Northern New England Benefit Trust: 

 1.0
Other organizations performing similar types of work: 

 1.2

Financial snapshot ($)

Revenue for 2007

Assets at end of 2007

Income-Producing Activities for 2007

Revenue, Expenses, and Changes in Net Assets or Fund Balances
20002001200220032004200520062007
Total revenue$37,691,188$38,627,595$42,917,348$50,771,615$54,365,645$67,995,553$84,505,971$87,493,979
Contributions, gifts, grants, and similar amounts received$0$0$0$0$0$0$0$0
Contributions to donor advised funds$0$0
Direct public support$0$0$0$0$0$0$0$0
Indirect public support$0$0$0$0$0$0$0$0
Government contributions (grants)$0$0$0$0$0$0$0$0
Program service revenue including government fees and contracts$35,085,470$36,642,656$41,838,157$46,952,136$50,216,024$62,500,542$72,989,184$80,245,996
Membership dues and assessments$0$0$0$0$0$0$0$0
Interest on savings and temporary cash investments$344,704$131,627$44,416$35,618$94,343$248,575$280,351$266,797
Dividends and interest from securities$2,513,623$2,071,571$2,428,441$2,221,274$2,053,990$2,226,065$2,389,338$2,829,217
Net rental income or (loss)$7,062$15,536$77,899$187,051$84,854$92,072$94,297$103,960
Gross rents$55,096$138,960$114,219$225,074$125,077$133,447$127,517$142,623
Less: rental expenses$48,034$123,424$36,320$38,023$40,223$41,375$33,220$38,663
Other investment income$758,573$510,626$0$0$190,801$193,625$69,663$284,257
Gain or (loss) from sales of assets other than inventory$-1,018,244$-744,421$-1,471,565$1,375,536$1,725,633$-68,460$3,852,381$1,529,285
Gross amount from sales of assets other than inventory$31,281,009$24,751,610$29,664,544$44,790,272$27,261,405$36,254,054$44,270,569$55,479,187
Less: cost or other basis and sales expenses$32,299,253$25,496,031$31,136,109$43,414,736$25,535,772$36,322,514$40,418,188$53,949,902
Net income or (loss) from special events and activities$0$0$0$0$0$0$0$0
Gross revenue$0$0$0$0$0$0$0$0
Less: direct expenses other than fundraising expenses$0$0$0$0$0$0$0$0
Gross profit or (loss) from sales of inventory$0$0$0$0$0$607,347$830,757$955,267
Gross sales of inventory, less returns and allowances$0$0$0$0$0$3,837,400$11,508,354$8,507,403
Less: cost of goods sold$0$0$0$0$0$3,230,053$10,677,597$7,552,136
Other revenue$0$0$0$0$0$2,195,787$4,000,000$1,279,200
Total expenses$35,715,065$36,537,758$40,820,572$46,937,391$48,332,602$58,582,697$68,847,455$84,448,169
Program services$0$0$0$0$0$0$0$0
Management and general$0$0$0$0$0$0$0$0
Fundraising$0$0$0$0$0$0$0$0
Payments to affiliates$0$0$0$0$0$0$0$0
Net assets or fund balances at end of year$47,624,070$49,228,394$66,164,725$70,321,321$75,657,454$87,184,794$105,850,631$102,339,362
Excess or (deficit) for the year$1,976,123$2,089,837$2,096,776$3,834,224$6,033,043$9,412,856$15,658,516$3,045,810
Net assets or fund balances at beginning of year$45,840,563$47,624,070$49,228,394$66,164,725$70,321,321$75,657,454$87,184,794$105,850,631
Other changes in net assets or fund balances$-192,616$-485,513$14,839,555$322,372$-696,910$2,114,484$3,007,321$-6,557,079
Statement of Functional Expenses (for 2007)
TotalProgram servicesManagement and generalFundraising
Total functional expenses$84,448,169$0$0$0
Grants paid from donor advised funds$0
Other grants and allocations$0
Specific assistance to individuals$0
Benefits paid to or for members$73,208,882
Compensation of current officers, directors, key employees, etc.$92,922$0$0$0
Compensation of former officers, directors, key employees, etc.$11,201$0$0$0
Compensation and other distributions, not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0$0$0
Salaries and wages of employees not included above$1,377,409$0$0$0
Pension plan contributions not included above$375,266$0$0$0
Employee benefits not included above$437,446$0$0$0
Payroll taxes$104,254$0$0$0
Professional fundraising fees$0$0$0$0
Accounting fees$68,740$0$0$0
Legal fees$323,202$0$0$0
Supplies$77,234$0$0$0
Telephone$31,640$0$0$0
Postage and shipping$213,503$0$0$0
Occupancy$104,585$0$0$0
Equipment rental and maintenance$42,985$0$0$0
Printing and publications$106,495$0$0$0
Travel$0$0$0$0
Conferences, conventions, and meetings$106,458$0$0$0
Interest$0$0$0$0
Depreciation, depletion, etc.$182,666$0$0$0
Other expenses not covered above$7,583,281$0$0$0
Balance Sheets
20002001200220032004200520062007
Total assets$62,217,204$63,531,261$66,486,349$70,478,216$75,884,879$88,152,554$107,350,471$103,700,777
Cash - non-interest-bearing$0$0$0$0$0$349,706$60,061$212,354
Savings and temporary cash investments$0$0$3,159,574$3,509,750$5,260,824$4,319,022$7,336,585$5,241,921
Accounts receivable less allowance for doubtful accounts$0$0$2,800,259$2,625,523$3,439,502$7,123,665$7,591,761$7,403,799
Pledges receivable less allowance for doubtful accounts$0$0$0$0$0$0$0$0
Grants receivable$0$0$0$0$0$0$0$0
Receivables from current and former officers, directors, trustees, and key employees$0$0$0$0$0$0$0$0
Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0
Other notes and loans receivable less allowance for doubtful accounts$0$0$0$0$0$0$0$0
Inventories for sale or use$0$0$0$0$0$291,795$536,635$569,227
Prepaid expenses and deferred charges$0$0$31,231$25,752$19,283$23,414$46,271$28,594
Investments - publicly-traded securities$78,026,548$78,394,297
Investments - other securities$0$0$58,206,213$61,988,101$64,835,463$70,955,547$5,739,735$5,942,050
Investments - land, buildings, and equipment less accumulated depreciation$0$0$1,210,000$1,195,000$1,195,000$1,250,000$1,570,000$1,570,000
Investments - other$0$0$0$0$0$0$1,010,928$1,061,139
Land, buildings, and equipment less accumulated depreciation$0$0$358,972$291,453$331,918$843,639$1,037,761$893,039
Other assets, including program-related investments$62,217,204$63,531,261$720,100$842,637$802,889$2,995,766$4,394,186$2,384,357
Total liabilities$14,593,134$14,302,867$321,624$156,895$227,425$967,760$1,499,840$1,361,415
Accounts payable and accrued expenses$1,033,402$2,349,468$311,081$156,263$226,793$850,128$1,292,184$1,088,259
Grants payable$0$0$0$0$0$0$0$0
Deferred revenue$0$0$0$0$0$0$0$0
Loans from officers, directors, trustees, and key employees$0$0$0$0$0$0$0$0
Tax-exempt bond liabilities$0$0$0$0$0$0$0$0
Mortgages and other notes payable$0$0$9,911$0$0$0$0$0
Other liabilities$13,559,732$11,953,399$632$632$632$117,632$207,656$273,156
Total liabilities and net assets/fund balances$62,217,204$63,531,261$66,486,349$70,478,216$75,884,879$88,152,554$107,350,471$103,700,777
Total net assets or fund balances$47,624,070$49,228,394$66,164,725$70,321,321$75,657,454$87,184,794$105,850,631$102,339,362
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
20002001200220032004200520062007
Total revenue$37,691,188$38,627,595$42,917,348$50,771,615$54,365,645$67,995,553$84,505,971$87,493,979
Total revenue, gains, and other support per audited financial statements$37,546,606$38,265,506$44,279,472$50,789,336$53,392,504$73,067,979$97,856,006$88,136,654
Other expenses$48,034$123,424$1,555,308$322,372$-696,910$2,114,484$3,007,321$-6,557,079
Net unrealized gains on investments$0$0$1,555,308$322,372$-696,910$2,114,484$3,007,321$-6,557,079
Donated services and use of facilities$0$0$0$0$0$0$0$0
Recoveries of prior year grants$0$0$0$0$0$0$0$0
Other$48,034$123,424$0$0$0$0$0$0
Other revenue$192,616$485,513$193,184$304,651$276,231$-2,957,942$-10,342,714$-7,199,754
Investment expenses$0$0$229,504$342,674$316,454$313,486$368,103$391,045
Other$192,616$485,513$-36,320$-38,023$-40,223$-3,271,428$-10,710,817$-7,590,799
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
20002001200220032004200520062007
Total expenses$35,715,065$36,537,758$40,820,572$46,937,391$48,332,602$58,582,697$68,847,455$84,448,169
Total expenses and losses per audited financial statements$33,916,605$36,902,673$40,627,388$46,632,740$48,056,371$61,540,639$79,190,169$91,647,923
Other revenue$48,034$123,424$36,320$38,023$40,223$3,271,428$10,710,817$7,590,799
Donated services and use of facilities$0$0$0$0$0$0$0$0
Prior year adjustments$0$0$0$0$0$0$0$0
Losses$0$0$0$0$0$0$0$0
Other$48,034$123,424$36,320$38,023$40,223$3,271,428$10,710,817$7,590,799
Other expenses$1,846,494$-241,491$229,504$342,674$316,454$313,486$368,103$391,045
Investment expenses$0$0$229,504$342,674$316,454$313,486$368,103$391,045
Other$1,846,494$-241,491$0$0$0$0$0$0
Current Officers, Directors, Trustees, and Key Employees
Average hours per week devoted to positionCompensationContributions to employee benefit plans & deferred compensation plansExpense account and other allowances
50$36,061$25,577$0
2$8,280$14,724$0
2$8,280$0$0
Total number of officers, directors, and trustees permitted to vote on organization business at board meetings6
Are any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, related to each other through family or business relationships?No
Do any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, receive compensation from any other organizations, whether tax exempt or taxable, that are related to the organization?No
Does the organization have a written conflict of interest policy?No
Former Officers, Directors, Trustees, and Key Employees That Received Compensation or Other Benefits
Loans and AdvancesCompensationContributions to employee benefit plans & deferred compensation plansExpense account and other allowances
$0$0$11,201$0
Other Information
Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return, and has it filed a tax return on Form 990-T for this year?No
Was there a liquidation, dissolution, termination, or substantial contraction during the year?No
Is the organization related (other than by association with a statewide or nationwide organization) through common membership, governing bodies, trustees, officers, etc., to any other exempt or nonexempt organization?No
Direct and indirect political expenditures$0
Did the organization file Form 1120-POL for this year?No
Were substantially all dues nondeductible by members?
Did the organization make only in-house lobbying expenditures of $2,000 or less?
Dues, assessments, and similar amounts from members$0
Section 162(e) lobbying and political expenditures$0
Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices$0
Taxable amount of lobbying and political expenditures$0
Does the organization elect to pay the section 6033(e) tax on the amount above?
If section 6033(e)(1)(A) dues notices were sent, does the organization agree to add the amount above to its reasonable estimate of dues allocable to nondeductible lobbying and political expenditures for the following tax year?
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
At any time during the year, did the organization, directly or indirectly, own a controlled entity within the meaning of section 512(b)(13)?No
Amount of tax imposed on the organization during the year under: section 4911$0
Amount of tax imposed on the organization during the year under: section 4912$0
Amount of tax imposed on the organization during the year under: section 4955$0
Did the organization engage in any section 4958 excess benefit transaction during the year or did it become aware of an excess benefit transaction from a prior year?
Amount of tax imposed on the organization managers or disqualified persons during the year under sections 4912, 4955, and 4958$0
Amount of tax above, reimbursed by the organization$0
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?No
Did the organization acquire a direct or indirect interest in any applicable insurance contract?No
Did the supporting organization, or a fund maintained by a sponsoring organization, have excess business holdings at any time during the year?No
Number of employees employed in the pay period that includes March 12, 200622
Analysis of Income-Producing Activities (for 2007)
Unrelated business incomeExcluded by section 512, 513, or 514Related or exempt function income
Business codeAmountExclusion codeAmount
Total$0$5,013,516$82,480,463
Program service revenue
Program service revenue 1000000$000$0$77,172,299
Program service revenue 2000000$000$0$3,073,697
Program service revenue 3000000$000$0$0
Program service revenue 4000000$000$0$0
Program service revenue 5000000$000$0$0
Medicare/Medicaid payments000000$000$0$0
Fees and contracts from government agencies000000$000$0$0
Membership dues and assessments000000$000$0$0
Interest on savings and temporary cash investments000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$266,797$0
Dividends and interest from securities000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$2,829,217$0
Net rental income or (loss) from real estate
debt-financed property000000$000$0$0
not debt-financed property000000$0Real property rental income that does not depend on the income or profits derived by the person leasing the property and is excluded by section 512(b)(3)$103,960$0
Net rental income or (loss) from personal property000000$000$0$0
Other investment income000000$0Real property rental income that does not depend on the income or profits derived by the person leasing the property and is excluded by section 512(b)(3)$284,257$0
Gain or (loss) from sales of assets other than inventory000000$0Gain (or loss, to the extent allowed) from the sale of investments and other non-inventory property and from certain property acquired from financial institutions that are in conservatorship or receivership (sections 512(b)(5) and 512(b)(16)(A))$1,529,285$0
Net income or (loss) from special events000000$000$0$0
Gross profit or (loss) from sales of inventory000000$000$0$955,267
Other revenue000000$000$0$1,279,200
Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2007)
EIN of corporation, partnership, or disregarded entityPercentage of ownership interestTotal incomeEnd-of-year assets
0000000000%$0$0
0000000000%$0$0
0000000000%$0$0
0000000000%$0$0
Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (for 2007)
CompensationContributions to employee benefit plans & deferred compensationExpense account and other allowances
$0$0$0
$0$0$0
$0$0$0
$0$0$0
$0$0$0
Total number of other employees paid over $50,0000
Statements About Activities (for 2007)
Expenses paid or incurred in connection with the lobbying activities$0
Did the organization receive or hold an easement for conservation purposes, including easements to preserve open space, the environment, historic land areas or historic structures?
Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services?
Did the organization maintain any donor advised funds?
Did the organization make any taxable distributions under section 4966?
Did the organization make a distribution to a donor, donor advisor, or related person?
The total number of donor advised funds owned at the end of the tax year$0
The aggregate value of assets held in all donor advised funds owned at the end of the tax year$0
The total number of separate funds or accounts owned at the end of the tax year (excluding donor advised funds included above) where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts$0
The aggregate value of assets held in all funds or accounts included above at the end of the tax year$0
Reason for Non-Private Foundation Status
The organization is not a private foundation because it is
Support Schedule
19992000200120022003200420052006
Total$0$0$0$0$0$0$0$0
Gifts, grants, and contributions received$0$0$0$0$0$0$0$0
Membership fees received$0$0$0$0$0$0$0$0
Gross receipts from admissions, merchandise sold or services performed, or furnishing of facilities in any activity that is related to the organization's charitable, etc., purpose$0$0$0$0$0$0$0$0
Gross income from interest, dividends, amounts received from payments on securities loans (section 512(a)(5)), rents, royalties, and unrelated business taxable income (less section 511 taxes) from businesses acquired by the organization after June 30, 1975$0$0$0$0$0$0$0$0
Net income from unrelated business activities not included above$0$0$0$0$0$0$0$0
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf$0$0$0$0$0$0$0$0
The value of services or facilities furnished to the organization by a governmental unit without charge. Do not include the value of services or facilities generally furnished to the public without charge$0$0$0$0$0$0$0$0
Other income$0$0$0$0$0$0$0$0
Lobbying Expenditures by Electing Public Charities (for 2007)
Total exempt purpose expenditures$0
Total lobbying expenditures$0
Total lobbying expenditures to influence public opinion (grassroots lobbying)$0
Total lobbying expenditures to influence a legislative body (direct lobbying)$0
Other exempt purpose expenditures$0
Lobbying nontaxable amount$0
Grassroots nontaxable amount$0
Write your review!

Your Ratings

You can rate this nonprofit in different categories from 1 star (worst) to 5 stars (best) or leave category unrated

Program:
Fundraising:
Expenses:
Transparency:

Your Review


Would you recommend Northern New England Benefit Trust to others? (optional)
  
Add photo of Northern New England Benefit Trust (optional)

About You

Your nickname:

Optional Verification

(additional info to increase the weight and the placement of your review and ratings)

Real Name:
Email (won't be published):
Date and time of your visit to this nonprofit:
Phone number (won't be published):
Leave your signature»
Recently Added Reviews
International Minority Hub in Manchester, NH
*****
Apartment Association Of New Hampshire in Manchester, NH
*
Plymouth Area Community Closet in Plymouth, NH
***
Dover Womenaid in Dover, NH
*****
Clf Equestrian Team in New Durham, NH
*
The Area Choir Inc in Newport, NH
*****
Wounded Warriors At 45 North in Pittsburg, NH
Family Promise Of Greater Concord Inc in Concord, NH
*
Yogacaps Inc in Merrimack, NH
Friends Of The Milton Free Public Library Inc in Milton Mills, NH
****
Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Northern New England Benefit Trust51 Goffstown Rd, Manchester, NH 03102NH1967-02$149,034,680
2Teamsters Managed Health Care Trust, Blasquez Ray TteePO BOX 757, Pleasanton, CA 94566-0075CA1991-10$58,641,034
3United Food & Commercial Workers Local 1000 & Kroger Dallas Health2010 Nw 150th Ave Ste 100, Pembroke Pnes, FL 33028-2888FL1998-06$42,032,340
4The Sealy Flexible Benefit Plan1 Office Parkway Rd, Trinity, NC 27370-9449NC1979-09$29,284,783
5Teamsters Retiree TrustPO BOX 2330, Stockton, CA 95201-2330CA1994-08$27,152,357
6Cabletron Systems Inc Health & Welfare TrustRochester, NH 03866NH$21,051,916
7Sheet Metal Workers 16 Health And Welfare FundPO BOX 4148, Portland, OR 97208-4148OR1955-12$20,130,012
8Ufcw & Employers Health & Welfare T Rust Fund3100 Broadway, Kansas City, MO 64111-2658MO1960-12$19,309,932
9Usw District 10 Local 286 Welfare Trust Fund410 N 8th St, Philadelphia, PA 19123-3903PA1968-02$16,102,246
10New Hampshire Motor Transport Assoc Employee Benefit TrustPO BOX 3898, Concord, NH 03302-3898NH1978-12$11,529,773
11United Assn Of Journeymen & Apprntc, 198 Hlth & Welfr FundPO BOX 52749, Baton Rouge, LA 70892-2749LA1961-03$8,415,921
12The Nml Benefit Plans TrustPO BOX 3171, Milwaukee, WI 53201-3171WI2007-09$3,344,810
13Teamsters Union No 142 Health & Welfare Trust Fund1300 Clark Rd, Gary, IN 46404-1644IN1954-11$2,391,317
14Anheuser-Bush Brewery Conference Supplemental Unemployment Benf FuC/O TEAMSTERS LOCAL 633 PO BOX 870, Manchester, NH 03105NH1982-04$496,966
15Phillips Exeter Academy Employee Benefits Tr, Fellows Joseph E Iii Et Al Ttees20 Main St, Exeter, NH 03833-2438NH1997-06$286,057
16Hadsell And Stormer Veba PlanPasadena, CA 91101CA$101,814
17Seiu Healthcare Il Home Care & Child Care Fund2229 S Halsted St, Chicago, IL 60608-4521IL2009-04$324,393,828
18Lucent Technologies Inc Post Retmt Welfare Benifits Tr For Non Rep EmC/O Karen Alexander 600 Mountain A, Murray Hill, NJ 07974NJ2011-05$264,091,981
19Ufcw Union Local No 88 Employers Health & Welfare Fund, Lengyel Joseph Ttee502 Earth City Expressway No 203, St Louis, MO 63045MO2006-03$25,443,747
20State Bar Of Montana Group Benefits TrustPO BOX 577, Helena, MT 59624-0577MT2005-03$10,304,968
Number of organizations performing similar types of work
Alaska4
Alabama13
Arkansas6
Arizona19
California214
Colorado19
Connecticut44
District of Columbia23
Delaware6
Florida40
Georgia41
Hawaii21
Iowa25
Idaho5
Illinois226
Indiana45
Kansas18
Kentucky22
Louisiana10
Massachusetts79
Maryland58
Maine4
Michigan100
Minnesota79
Missouri75
Mississippi6
Montana7
North Carolina46
North Dakota6
Nebraska12
New Hampshire5
New Jersey130
New Mexico3
Nevada17
New York321
Ohio133
Oklahoma13
Oregon39
Pennsylvania198
Rhode Island19
South Carolina6
South Dakota2
Tennessee45
Texas112
Utah16
Virginia31
Vermont1
Washington66
Wisconsin62
West Virginia13
Wyoming1
International1
Total2,507

NonProfitFacts.com is not associated with, endorsed by, or sponsored by Northern New England Benefit Trust and has no official or unofficial affiliation with Northern New England Benefit Trust