Copolymer Retirees Trust

Not tax-deductible

Baton Rouge, LAMutual-benefit / member-servingMutual/MembershipEIN 20-4982669Revenue $932K in FY2025

On file with the IRS8560 Anselmo Ln, 70810-1207 · Baton Rouge, LATax-exempt since Sep 2007

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The Trust was set-up and initially funded by DSM Copolymer, Inc. to assume the liabilities from it for medical and life insurance for its retirees, beneficiaries, and dependents, and now includes a voluntary participant funded dental benefit. The VEBA services 385 participants as of August 31, 2020.

Mission: Form 990 Part I, line 1

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
0 of 6
filings with a surplus
Average deficit $584K a year · 60% of revenue · last 6 filings
Concern: a surplus in 0 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
2 mo
of spending, in cash
Fine: 1.7 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$1K
0.03% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$932K
-15% vs prior year
Spent
$1.4M
To programs
0%
Net assets
$4.6M
By yearFY2020–FY2025
Revenue
$932K
FY2025▼ -15%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.4M
FY2021$1.3M
FY2022$151K
FY2023$912K
FY2024$1.1M
FY2025$932K
Expenses
$1.4M
FY2025▼ -0.6%
Tap a bar for its year
Expenses by fiscal year
FY2020$1.9M
FY2021$1.7M
FY2022$1.6M
FY2023$1.5M
FY2024$1.4M
FY2025$1.4M
Net assets
$4.6M
FY2025▼ -9%
Tap a bar for its year
Net assets by fiscal year
FY2020$7.6M
FY2021$7.3M
FY2022$5.8M
FY2023$5.3M
FY2024$5.0M
FY2025$4.6M

From the FY2025 Form 990 (year ending August 2025) · figures checked against the IRS filing · see the original

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Sep 2007.

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

Who runs it and what they're paid

5 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Chairman of the Board
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
See Copolymer Retirees 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 medical, life, and dental insurance benefits for retirees and their families.

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1 program · in their own filed words · FY2024
01

The major accomplishments of the program services is to deliver quality healthcare benefits pharmacy benefits and life insurance for retirees of the sponsor company.

Pt IX · col B

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$932K
Ln 12
Fees for servicesLn 2g$652K
Investment incomeLn 3$279K
Money outPt IX
$1.4M
Ln 25
Owns and owesPt X
$4.6M
net assets · Ln 32
Cash and savingsLn 1–2$199K
Total assetsLn 16$4.6M
LiabilitiesLn 26$1K
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Government grantsLn 1e$0
Noncash giftsLn 1g$0
Fundraising eventsLn 1c$0
Fees for servicesLn 2g$652K
Investment incomeLn 3$279K
Gains on assetsLn 7$0
Total revenueLn 12$932K
Assets in detailPt X, end of year
CashLn 1$199K
SavingsLn 2$0
Cash and savings togetherLn 1–2$199K
InvestmentsLn 11–13$4.4M
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$0
Total assetsLn 16$4.6M
LiabilitiesLn 26$1K
Net assetsLn 32$4.6M
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderAugust
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$57K$199K
InvestmentsLn 11–13$4.9M$4.4M
Land, buildings, equipmentLn 10c$0$0
Total assetsLn 16$5.0M$4.6M
LiabilitiesLn 26$1K$1K
Net assetsLn 32$5.0M$4.6M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0$0
Grants to domestic individualsLn 2$0$0
Grants and assistance to foreign recipientsLn 3$0$0
Benefits paid to or for membersLn 4$931K$0
Pay of current officers, directors and key staffLn 5$0$0$0$0
Pay of disqualified personsLn 6$0$0$0$0
Other salaries and wagesLn 7$0$0$0$0
Pension plan contributionsLn 8$0$0$0$0
Other employee benefitsLn 9$0$0$0$0
Payroll taxesLn 10$0$0$0$0
Management feesLn 11a$200K$0$0$0
Legal feesLn 11b$11K$0$0$0
Accounting feesLn 11c$65K$0$0$0
Lobbying feesLn 11d$0$0$0$0
Professional fundraising feesLn 11e$0$0
Investment management feesLn 11f$33K$0$0$0
Other fees for servicesLn 11g$61K$0$0$0
Advertising and promotionLn 12$0$0$0$0
Office expensesLn 13$31K$0$0$0
Information technologyLn 14$0$0$0$0
RoyaltiesLn 15$0$0$0$0
OccupancyLn 16$0$0$0$0
TravelLn 17$0$0$0$0
Travel and entertainment for public officialsLn 18$0$0$0$0
Conferences, conventions and meetingsLn 19$1K$0$0$0
InterestLn 20$0$0$0$0
Payments to affiliatesLn 21$0$0$0$0
Depreciation, depletion and amortizationLn 22$0$0$0$0
InsuranceLn 23$12K$0$0$0
Other expenses (24a–d)Ln 24$3K$0$0$0
All other expensesLn 24e$16K$0$0$0
Total functional expensesLn 25$1.4M$0$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $932K$1.4M−$434K$4.6M 990 PDF
FY2024 $1.1M$1.4M−$275K$5.0M 990 PDF
FY2023 $912K$1.5M−$559K$5.3M 990 PDF
FY2022 $151K$1.6M−$1.4M$5.8M 990 PDF
FY2021 $1.3M$1.7M−$336K$7.3M 990 PDF
FY2020 $1.4M$1.9M−$459K$7.6M 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 FY2025 990 (6 parts)
Part I · Summary $931,683 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $671,743$652,275
I-10 Investment incomePrior year $427,144$279,408
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $1,098,887$931,683
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $962,732$930,871
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $411,539$434,693
I-18 Total expensesPrior year $1,374,271$1,365,564
I-19 Revenue less expensesPrior year −$275,384−$433,881
Part VI · Governance 5 of 5 board members independent, 1 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $931,683 across 16 lines filed
VIII-1a Federated campaigns$0
VIII-1b Membership dues$0
VIII-1c Fundraising events$0
VIII-1d Related organizations$0
VIII-1e Government grants$0
VIII-1f All other contributions, gifts and grants$0
VIII-1g Noncash contributions (included above)$0
VIII-1h Total contributions, gifts and grants$0
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $652,275 · Unrelated business $0 · Excluded from tax $0$652,275
VIII-3 Investment incomeRelated to mission $279,408 · Unrelated business $0 · Excluded from tax $0$279,408
VIII-5 RoyaltiesRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-6 Net rental income or lossRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-7 Net gain or loss on sales of assetsRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-8 Net income from fundraising eventsUnrelated business $0 · Excluded from tax $0$0
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-12 Total revenueRelated to mission $931,683 · Unrelated business $0 · Excluded from tax $0$931,683
Part IX · Statement of functional expenses $1,365,564 across 31 lines filed
IX-1 Grants to domestic organizationsPrograms $0$0
IX-2 Grants to domestic individualsPrograms $0$0
IX-3 Grants and assistance to foreign recipientsPrograms $0$0
IX-4 Benefits paid to or for membersPrograms $0$930,871
IX-5 Pay of current officers, directors and key staffPrograms $0 · Management $0 · Fundraising $0$0
IX-6 Pay of disqualified personsPrograms $0 · Management $0 · Fundraising $0$0
IX-7 Other salaries and wagesPrograms $0 · Management $0 · Fundraising $0$0
IX-8 Pension plan contributionsPrograms $0 · Management $0 · Fundraising $0$0
IX-9 Other employee benefitsPrograms $0 · Management $0 · Fundraising $0$0
IX-10 Payroll taxesPrograms $0 · Management $0 · Fundraising $0$0
IX-11a Management feesPrograms $0 · Management $0 · Fundraising $0$200,500
IX-11b Legal feesPrograms $0 · Management $0 · Fundraising $0$10,783
IX-11c Accounting feesPrograms $0 · Management $0 · Fundraising $0$65,375
IX-11d Lobbying feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11e Professional fundraising feesFundraising $0$0
IX-11f Investment management feesPrograms $0 · Management $0 · Fundraising $0$33,312
IX-11g Other fees for servicesPrograms $0 · Management $0 · Fundraising $0$61,313
IX-12 Advertising and promotionPrograms $0 · Management $0 · Fundraising $0$0
IX-13 Office expensesPrograms $0 · Management $0 · Fundraising $0$31,376
IX-14 Information technologyPrograms $0 · Management $0 · Fundraising $0$0
IX-15 RoyaltiesPrograms $0 · Management $0 · Fundraising $0$0
IX-16 OccupancyPrograms $0 · Management $0 · Fundraising $0$0
IX-17 TravelPrograms $0 · Management $0 · Fundraising $0$0
IX-18 Travel and entertainment for public officialsPrograms $0 · Management $0 · Fundraising $0$0
IX-19 Conferences, conventions and meetingsPrograms $0 · Management $0 · Fundraising $0$1,225
IX-20 InterestPrograms $0 · Management $0 · Fundraising $0$0
IX-21 Payments to affiliatesPrograms $0 · Management $0 · Fundraising $0$0
IX-22 Depreciation, depletion and amortizationPrograms $0 · Management $0 · Fundraising $0$0
IX-23 InsurancePrograms $0 · Management $0 · Fundraising $0$12,223
IX-24 Other expenses (24a–d)Programs $0 · Management $0 · Fundraising $0$3,057
IX-24e All other expensesPrograms $0 · Management $0 · Fundraising $0$15,529
IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$1,365,564
Part X · Balance sheet $4,552,077 assets, 22 lines filed
X-1 Cash, non-interest-bearingStart of year $57,048$198,758
X-2 Savings and temporary cash investmentsStart of year $0$0
X-3 Pledges and grants receivableStart of year $0$0
X-4 Accounts receivableStart of year $0$0
X-8 Inventories for sale or useStart of year $0$0
X-9 Prepaid expenses and deferred chargesStart of year $0$0
X-10c Land, buildings and equipment, netStart of year $0$0
X-11 Publicly traded securitiesStart of year $4,928,911$4,353,319
X-12 Other securitiesStart of year $0$0
X-13 Program-related investmentsStart of year $0$0
X-14 Intangible assetsStart of year $0$0
X-15 Other assetsStart of year $0$0
X-16 Total assetsStart of year $4,985,959$4,552,077
X-17 Accounts payable and accrued expensesStart of year $1,450$1,450
X-18 Grants payableStart of year $0$0
X-19 Deferred revenueStart of year $0$0
X-20 Tax-exempt bond liabilitiesStart of year $0$0
X-24 Unsecured notes and loans payableStart of year $0$0
X-25 Other liabilitiesStart of year $0$0
X-26 Total liabilitiesStart of year $1,450$1,450
X-32 Total net assets or fund balancesStart of year $4,984,509$4,550,628
X-33 Total liabilities and net assetsStart of year $4,985,959$4,552,078
Part XI · Reconciliation of net assets $4,550,627 net assets at year end
XI-1 Total revenue$931,683
XI-2 Total expenses$1,365,564
XI-3 Revenue less expenses−$433,881
XI-4 Net assets at start of year$4,984,509
XI-5 Net unrealized gains (losses) on investments$0
XI-6 Donated services and use of facilities$0
XI-7 Investment expenses$0
XI-8 Prior period adjustments$0
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$4,550,627

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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