irs program accomplishments · form 990 part iii · fy2024
What they reported doing
- #1 primary $127KMEMBER SERVICES - PROVIDE SERVICES TO MEMBERS BY RESPONDING TO QUESTIONS REGARDING THEIR PENSIONS AND BENEFITS.
- #2 $48KPROXY SERVICES - TO PROMOTE CHANGES IN THE CORPORATE GOVERNANCE OF VERIZON COMMUNICATIONS WHICH ARE ESSENTIAL IN MEETING THE OBJECTIVE OF PROTECTING AND ENHANCING THE PENSIONS AND BENEFITS OF RETIREES
named programs · 2 · from sources
What they call their work
Member Services
Provides direct support to members by responding to questions and offering guidance regarding their pensions and benefits.
Proxy Services
Engages in shareholder advocacy by submitting proposals and promoting changes in corporate governance at Verizon to protect retiree pensions and benefits.
activities · 5 groups
What they do
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Membership Program Administration 1 activity
- Administer membership and planned giving programsOffers a membership application process, change-of-address services, and a planned giving program to support the organization’s ongoing work for retirees and surviving spouses.
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Regular Membership Meetings 1 activity
- Organize and host annual member gatheringsHosts annual member meetings and gatherings, both in-person and online, including livestreamed events and multi-state summits, to engage and inform retirees.
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Organizational Newsletter Production and Distribution 1 activity
- Produce and distribute member communicationsProduces and distributes a quarterly newsletter, electronic updates, and periodic bulletins to keep members informed about changes in drug plans, prescription coverage, and other retiree issues.
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Retirement Benefits Education & Support 1 activity
- Respond to member inquiries about pensions and benefitsProvides direct support to retirees by answering questions and resolving issues related to pensions, healthcare, and other benefits, including interventions with Verizon and assistance for those transferred to Idearc/SuperMedia.
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Uncategorized 3 activities
- Advocate for federal and corporate policy changes to protect pensionsRepresents over 100,000 Verizon retirees in supporting federal pension asset protection legislation and advocates for transparency and accountability in corporate practices such as pension risk transfers and lead-sheathed cable policies.
- Advocate for retiree benefits through shareholder actionsEngages in proxy services and submits shareholder proposals to influence corporate governance at Verizon Communications, including advocating for pension protection and executive compensation reforms.
- Pursue legal action to protect retiree benefitsEngages in litigation to protect retiree pensions, including filing lawsuits to block pension sell-offs and securing class-action status in federal court for cases affecting tens of thousands of retirees.
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financials · form 990 · fy2024
revenue
Total revenue$501K
Contributions & grants$494K99%
Program service revenue$00%
Investment income$7K1%
Other revenue$0
expenses
Total expenses$532K
Program expenses73%
Admin / overhead13%
Fundraising14%
Salaries & benefits$128K
Grants paid out$0
Largest expense lineProfessional Fees
balance sheet
Total assets$269K
Cash$232K
Investments$0
Liabilities$54K
Net assets$215K
Liquid reserves5.2 mo
5 years on record · 2020–2024 · YoY revenue +1.2%
leadership · form 990 part vii · fy2024
Who runs it
board members · 7
- DONALD R KAUFMANN — DIRECTOR
- FRANK BRUZEK — CFO
- LAURA WHITLOCK — DIRECTOR
- THOMAS M STEED — CHAIRMAN
- THOMAS P BUTLER — DIRECTOR
- TIMOTHY MCMANUS — DIRECTOR
- UNA KELLY — TREASURER
relationships · 20
Who they work with
- Facebook Network — Platform used to livestream and archive annual member meetings.
- Facebook Partner — Platform used to share information and engage members.
- Facebook Partner — Uses Facebook as a platform to communicate with members.
- IBEW Local 2324 Partner — Provided a keynote speaker (John Rowley, Sr.) for the 2026 annual member meeting.
- IBEW Local 827 Partner — Collaborates with IBEW Local 827 to monitor and influence labor negotiations affecting retiree benefits.
- Leadership Council of Aging Organizations Coalition — Member organization participating in a national aging advocacy coalition.
- LinkedIn Partner — Platform used to share information and engage members.
- Retirees for Justice Partner — Cosponsored the 2023 Annual Member Meeting and Retirees for Justice Retiree Roundtable Summit.
- Retirement USA Partner — Partner organization focused on retirement security advocacy.
- Twitter Partner — Platform used to share information and engage members.
- Verizon Government — Engages with Verizon in the context of labor negotiations impacting retiree benefits.
- Verizon Government — Engages with Verizon to resolve retiree benefit issues on behalf of members.
- Verizon Government — Subject of legal action (Murphy v. Verizon) concerning retiree benefits
- Verizon Partner — Engages with Verizon as a stakeholder to advocate for retiree benefits and corporate accountability.
- Verizon Partner — Organization composed of retiree shareowners advocating on corporate governance, pension, and environmental issues related to Verizon.
- Verizon Communications Partner — Engages in proxy services to influence corporate governance for the protection of retiree pensions and benefits.
- Verizon Communications Inc. Partner — Engages with Verizon through shareholder proposals and advocacy on pension, governance, and environmental issues.
- YouTube Network — Platform used to livestream and archive annual member meetings.
- YouTube Partner — Hosts the organization's YouTube channel featuring retiree stories.
- YouTube Partner — Platform used to share information and engage members.
strategies · 4
How they approach the work
Named approaches extracted from this org’s sources. Where others share an approach, follow it to see the full set of orgs running it.
- Collective Retiree Advocacymethodology: collective_advocacyBy organizing retirees into a unified voice, the association amplifies their influence to secure pension protections and benefit restorations through legislative and corporate channels, because collective action increases political and institutional leverage.
- Multimodal Legal and Policy Advocacymethodology: multi-channel_advocacyBy combining negotiation, litigation, legislative action, and labor engagement, the association creates multiple pressure points to protect retiree benefits, because sustained, diversified tactics increase the likelihood of policy success across shifting institutional landscapes.
- Peer-Led Advocacy Modelmethodology: peer-led_advocacyBy placing retired members in leadership roles for advocacy and support, the association ensures authenticity and sustained commitment, because firsthand experience strengthens credibility and trust among peers.
- Shareholder Advocacy for Corporate Accountabilitymethodology: shareholder_advocacyBy leveraging retiree shareownership in Verizon, the association influences corporate governance, pension policies, and environmental practices through shareholder proposals and proxy actions, because ownership status confers legitimate standing to demand accountability.