Public Charity

PSEG HEALTH BENEFITS TRUST

PSEG HEALTH BENEFITS TRUST is a Public Charity headquartered in NEWARK, NJ. Financial data from the 2024 filing: $1.3M revenue, $288K expenses, $8.6M total assets.

EIN: 134019139 NEWARK, NJ Voluntary Employees Beneficiary Associations Government) NTEE: Y44 Latest filing: 2024
Total Revenue$1.3M
Total Expenses$288K
Total Assets$8.6M
Grant Records0
Filing Years2019–2024

Mission

TO PROVIDE A VEHICLE THROUGH WHICH THE PARTICIPANTS MAY CONTRIBUTE FUNDS TO THE VEBA TRUST. THE FUNDS ARE USED FOR THE PAYMENT OF CERTAIN DEATH BENEFITS OR FOR THE PAYMENT OF CERTAIN RETIREE HEALTH BENEFITS. IF A RETIREE DIES BEFORE THEIR ENTIRE ACCOUNT HAS BEEN DEPLETED, THE BALANCE IS PAID OR CAN BE USED BY THEIR BENEFICIARIES.

Where $100 goes at Pseg Health Benefits Trust

How Pseg Health Benefits Trust divides every $100 it spends, from its own Form 990 filings, averaged across 7 years.

$100 Programs the work itself
<$1 Management running the organization
$0 Fundraising none reported

No fundraising costs are reported. That often means fundraising runs through a separate affiliated organization that files its own return.

Inside the $100 for programs

$100
Provision of health and welfare benefits to eligible employees
All program spending
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Source: Form 990 filings with the IRS, latest fiscal year 2024. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.

Officers & Directors

Trustee Hand Benefit Trust Co

Officer compensation and complete director data available with membership.

Financial Trends

Year Revenue Expenses Assets
2024 $1.3M $288K $8.6M
2023 $1.3M $295K $7.5M
2022 $1.0M $243K $6.5M
2020 $783K $308K $5.1M
2019 $722K $157K $4.7M

Between 2019 and 2024, reported annual revenue grew from $722K to $1.3M (+86%), with total assets most recently reported at $8.6M.

Interactive year-over-year charts and full filing details available with membership.

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