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Nonprofit · EIN 27-7004970

PNG COMPANIES LLC EMPLOYEES MASTER TR II

Also known as PRESTON D POLJAK TTEE

Tax-exempt · BRYN MAWR, PA 19010

Financials

$3M$1.5M2022$653K$557K2023$4.7M$6.1M2024
Revenue Expenses · by fiscal year end
Financials of PNG COMPANIES LLC EMPLOYEES MASTER TR II by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$4,702,212$6,146,234-$1,444,022$23,244,820$0$23,244,820
December 31, 2023990$653,161$557,047$96,114$26,128,014$0$26,128,014
December 31, 2022990 (amended)$3,017,560$1,467,984$1,549,576$23,012,358$0$23,012,358
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$0
Investment income
$4,702,212
Net gain from sales of assets
$4,045,377
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Benefits paid to members
$5,846,048
Compensation of officers, directors and key employees
$31,842
Salaries, compensation and benefits (total)
$31,842
Professional fundraising fees
$0
Legal fees
$124,758
Accounting fees
$50,792

Balance sheet and other

Total assets, start of year
$26,128,014
Total assets, end of year
$23,244,820
Total liabilities, end of year
$0
Net assets, end of year
$23,244,820
Gross unrelated business income
$504,500
Gross receipts
$11,243,312
Employees
0
Volunteers
0
Year formed
2010
State of legal domicile
NY

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
BNY MELLONINSTITUTIONAL TRUSTEE
Institutional trustee
1$31,842
CHRISTOPHER LUNINGEXEC. VP, COUNSEL, SECRETARY
Officer
0.5$0
ROBERT A RUBINCONTROLLER
Officer
0.5$0
CHRISTOPHER FRANKLINCHAIRMAN AND CEO
Officer
0.5$0
DANIEL SCHULLEREXEC. VP, CFO
Officer
0.5$0
CHRISTINA KELLYSR. VP., CHIEF HR OFFICER
Officer
0.5$0
COLLEEN ARNOLDPRESIDENT, AQUA
Officer
0.5$0
MICHAEL HUWARPRESIDENT, PEOPLES NATURAL GAS
Officer
0.5$0
MATTHEW RHODES EVP OF STRATEGY& CORPORATE DEVELOPMENT (EXIT 9/24)
Officer
0.5$0
990 for the year ended December 31, 2023: 9 people
NameTitleHours / weekCompensation
BNY MELLONINSTITUTIONAL TRUSTEE
Institutional trustee
1$20,521
CHRISTOPHER LUNINGEXEC. VP, COUNSEL, SECRETA
Officer
0.5$0
ROBERT A RUBINCONTROLLER
Officer
0.5$0
CHRISTOPHER FRANKLINCHAIRMAN AND CEO
Officer
0.5$0
DANIEL SCHULLEREXEC. VP, CFO
Officer
0.5$0
CHRISTINA KELLYSR. VP., CHIEF HR OFFICER
Officer
0.5$0
COLLEEN ARNOLDPRESIDENT, AQUA
Officer
0.5$0
MICHAEL HUWARPRESIDENT, PEOPLES NATURAL GAS
Officer
0.5$0
MATTHEW RHODES EVP OFSTRATEGY & CORPORATE DEVELOPMENT
Officer
0.5$0
990 for the year ended December 31, 2022: 7 people
NameTitleHours / weekCompensation
BNY MELLONINSTITUTIONAL TRUSTEE
Institutional trustee
1$0
CHRISTOPHER LUNINGEXEC. VP, COUNSEL, SECRETARY
Officer
0.5$0
ROBERT A RUBINCONTROLLER
Officer
0.5$0
CHRISTOPHER FRANKLINCHAIRMAN AND CEO
Officer
0.5$0
RICHARD FOXEXEC. VP, COO
Officer
0.5$0
DANIELL SCHULLEREXEC. VP, CFO
Officer
0.5$0
CHRISTINA KELLYSR. VP., CHIEF HR OFFICER
Officer
0.5$0

Address and contacts

Address (IRS master file)
762 W LANCASTER AVE, BRYN MAWR, PA 19010-3402
In care of
% JUDITH STEMMLER
Principal officer (990 for 2024)
BRADLEY PALMER, 762 W LANCASTER AVENUE, BRYN MAWR, PA 19010
Signed the 990
BRADLEY PALMER, VP CHIEF ACCOUNTING OFFICER
Phone
(412) 208-6631
Return prepared by
SCHNEIDER DOWNS & CO INC

Mission

PROVIDE MEDICAL AND LIFE INSURANCE BENEFITS TO RETIRED EMPLOYEE PARTICIPANTS

990 for the year ended December 31, 2024

Program accomplishments

  • PROVIDE MEDICAL AND LIFE INSURANCE BENEFITS TO RETIRED EMPLOYEE PARTICIPANTS. PNG COMPANIES VEBA IS MAINTAINED IN THREE SEGREGATED ASSET SUBACCOUNTS. TWO OF THE SUBACCOUNTS ARE FOR THE BENEFIT OF UNION MEMBERS AND ONE IS FOR THE BENEFIT OF NONUNION EMPLOYEES. AS TWO OF THEVEBAS ARE MAINTAINED PURSUANT TO COLLECTIVE BARGAINING AGREEMENTS, THEY ARE NOT SUBJECT TO THE ACCOUNT LIMITS ON DEDUCTIBLE RESERVES THAT OTHERWISE APPLY TO VEBAS UNDER IRC SECTIONS 419A AND 512 AND WILL NOT RECOGNIZE UNRELATED BUSINESS TAXABLE INCOME DUE TO AN EXCESS OF NET INVESTMENT INCOME OVER AMOUNTS BASED ON SUCH ACCOUNT LIMITS.

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
27-7004970
Tax-exempt status
501(c)(9): Voluntary employees' beneficiary association
Donations deductible
No
Exempt since
2014
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$23,244,820
Income (IRS master file)
$11,243,312

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$4,702,212$6,146,234$23,244,820XML
990December 2023$653,161$557,047$26,128,014XML
990December 2022$3,017,560$1,467,984$23,012,358XML
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 27-7004970).

Questions about PNG COMPANIES LLC EMPLOYEES MASTER TR II

What is the EIN of PNG COMPANIES LLC EMPLOYEES MASTER TR II?
The employer identification number (EIN) of PNG COMPANIES LLC EMPLOYEES MASTER TR II is 27-7004970.
Is PNG COMPANIES LLC EMPLOYEES MASTER TR II tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(9) since 2014.
Are donations to PNG COMPANIES LLC EMPLOYEES MASTER TR II tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does PNG COMPANIES LLC EMPLOYEES MASTER TR II file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of PNG COMPANIES LLC EMPLOYEES MASTER TR II due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did PNG COMPANIES LLC EMPLOYEES MASTER TR II last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of PNG COMPANIES LLC EMPLOYEES MASTER TR II?
The 990 for the year ended December 31, 2024 names BRADLEY PALMER.
Who are the officers and directors of PNG COMPANIES LLC EMPLOYEES MASTER TR II?
The 990 for the year ended December 31, 2024 lists 9 people; 1 received compensation from the organization, the highest $31,842 (BNY MELLON, INSTITUTIONAL TRUSTEE).
How much revenue does PNG COMPANIES LLC EMPLOYEES MASTER TR II have?
On its 990 for the year ended December 31, 2024 it reported revenue of $4,702,212, expenses of $6,146,234 and total assets of $23,244,820 at year end.

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