Edco Collaborative Welfare Benefit Trust FY2021 filing

Bedford, MAUnknown exempt organizationEIN 04-6865190

To provide welfare benefits to employees of the corporation and their dependents.

94¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2022
latest Form 990
Worth a look: the latest return is for FY2022, 4 tax years back; more than 3 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 3
filings with a surplus
Average deficit $37K a year · 16% of revenue · last 3 filings
Concern: a surplus in 1 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
94%
of spending
Looks good: 94% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
4 mo
of spending, in cash
Looks good: 4.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
1
of 1 voting members
Looks good: 1 of 1 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$320K
+157% vs prior year
Spent
$382K
To programs
94%
Net assets
$2.4M
By yearFY2020–FY2022
Revenue
$320K
FY2021▲ +157%
Revenue by fiscal year
FY2020$124K
FY2021$320K
FY2022$237K
FY2022$583K
Expenses
$382K
FY2021▼ -1%
Expenses by fiscal year
FY2020$387K
FY2021$382K
FY2022$24K
FY2022$8K
Net assets
$2.4M
FY2021▲ +3%
Net assets by fiscal year
FY2020$2.3M
FY2021$2.4M
FY2022$2.3M
FY2022$0

From the FY2021 Form 990 (year ending June 2021) · see the original

You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2022) →

Is it real?

Yes. Exemption reinstated (2017-11-15). Per the IRS revocation list. Latest filing on record: FY2022.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

94 cents of each dollar spent went to programs.

Program services 94% · $358K Management & general 6% · $24K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Who runs it and what they're paid

1 person listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
$0Pt VII · Sec A
See Edco Collaborative Welfare Benefit Trust executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Provides welfare benefits to corporate employees and their families.

Provided by the organization

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1 program service account for $358K of program spending, described in the organization's own filed words · FY2020.
01

Provided welfare benefits to retired employees of the corporation and their dependents.

$358Kprogram expense

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By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$320K
Ln 12
Investment incomeLn 3$320K
Money outPt IX
$382K
Ln 25
Programscol B$358K
Managementcol C$24K
Owns and owesPt X
$2.4M
net assets · Ln 32
Cash and savingsLn 1–2$137K
Total assetsLn 16$2.4M
LiabilitiesLn 26$0
PeoplePt VI, VII
1
listed · VII A
PaidVII A0
Voting boardVI 1a1
IndependentVI 1b1
2In more detail
Revenue in detailPt VIII
Investment incomeLn 3$320K
Gains on assetsLn 7$268K
Total revenueLn 12$320K
Assets in detailPt X, end of year
SavingsLn 2$137K
Cash and savings togetherLn 1–2$137K
InvestmentsLn 11–13$2.3M
Total assetsLn 16$2.4M
LiabilitiesLn 26$0
Net assetsLn 32$2.4M
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$41K$137K
InvestmentsLn 11–13$2.3M$2.3M
Total assetsLn 16$2.3M$2.4M
LiabilitiesLn 26$0$0
Net assetsLn 32$2.3M$2.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Investment management feesLn 11f$21K$0$21K$0
InterestLn 20$2K$0$2K$0
Other expenses (24a–d)Ln 24$358K$358K$0$0
Total functional expensesLn 25$382K$358K$24K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2022 $237K$24K$213K$2.3M 990 PDF
FY2021 Viewing $320K$382K−$62K$2.4M 990 PDF
FY2020 $124K$387K−$262K$2.3M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2021 990 (4 parts)
Part VIII · Statement of revenue $320,127 across 4 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Unrelated business $0 · Excluded from tax $0$0
VIII-3 Investment incomeUnrelated business $0 · Excluded from tax $52,185$52,185
VIII-7 Net gain or loss on sales of assetsRelated to mission $0 · Unrelated business $0 · Excluded from tax $267,942$267,942
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $320,127$320,127
Part IX · Statement of functional expenses $381,829 across 3 lines filed
IX-11f Investment management feesPrograms $0 · Management $21,302 · Fundraising $0$21,302
IX-20 InterestPrograms $0 · Management $2,289 · Fundraising $0$2,289
IX-24 Other expenses (24a–d)Programs $358,238 · Management $0 · Fundraising $0$358,238
IX-25 Total functional expensesPrograms $358,238 · Management $23,591 · Fundraising $0$381,829
Part X · Balance sheet $2,396,105 assets, 7 lines filed
X-2 Savings and temporary cash investmentsStart of year $40,622$137,329
X-11 Publicly traded securitiesStart of year $2,279,561$2,258,776
X-16 Total assetsStart of year $2,320,183$2,396,105
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $2,320,183$2,396,105
X-32 Total net assets or fund balancesStart of year $2,320,183$2,396,105
X-33 Total liabilities and net assetsStart of year $2,320,183$2,396,105
Part XI · Reconciliation of net assets $2,396,105 net assets at year end
XI-1 Total revenue$320,127
XI-2 Total expenses$381,829
XI-3 Revenue less expenses−$61,702
XI-4 Net assets at start of year$2,320,183
XI-5 Net unrealized gains (losses) on investments$137,624
XI-10 Net assets at end of year$2,396,105

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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