C1 Govcon Solution Veba Trust

Not tax-deductible

Orlando, FLMutual-benefit / member-servingMutual/Membership EIN 26-3971732Revenue $362K in FY2023

On file with the IRS63 Interlaken Rd, 32804-3448 · Orlando, FLTax-exempt since Jul 2009

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Provide a vehicle to capture thehra funds that are not allocated to insurance premiums for the govconsolution benefit plans for hourly workers of government contractors.

72¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2023 · 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
FY2023
latest Form 990
Fine: the latest return is for FY2023, 3 tax years back; within 3 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 4
filings with a surplus
Average surplus $53K a year · 14% of revenue · last 4 filings
Fine: a surplus in 3 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
72%
of spending
Fine: 72% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
34 mo
of spending, in cash
Looks good: 34.5 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
$362K
+35% vs prior year
Spent
$284K
To programs
72%
Net assets
$816K
By yearFY2020–FY2023
Revenue
$362K
FY2023▲ +35%
Tap a bar for its year
Revenue by fiscal year
FY2020$559K
FY2021$323K
FY2022$268K
FY2023$362K
Expenses
$284K
FY2023▼ -10%
Tap a bar for its year
Expenses by fiscal year
FY2020$382K
FY2021$322K
FY2022$315K
FY2023$284K
Net assets
$816K
FY2023▲ +1%
Tap a bar for its year
Net assets by fiscal year
FY2020$850K
FY2021$851K
FY2022$805K
FY2023$816K

From the FY2023 Form 990 · see the original

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2023. IRS ruling in Jul 2009.

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

Where the money goes

72 cents of each dollar spent went to programs.

Program services 72% · $204K Management & general 28% · $80K

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

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Who runs it and what they're paid

1 person listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
See C1 Govcon Solution Veba 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

Capture unused health funds for hourly government contractor benefit plans.

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Provided by the organization

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1 program · $204K · in their own filed words · FY2023
01

Provision of employee benefits

$204Kprogram expense

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$362K
Ln 12
Fees for servicesLn 2g$362K
Money outPt IX
$284K
Ln 25
Programscol B$204K
Managementcol C$80K
Owns and owesPt X
$816K
net assets · Ln 32
Cash and savingsLn 1–2$816K
Total assetsLn 16$816K
LiabilitiesLn 26$0
PeoplePt VI, VII
1
listed · VII A
PaidVII A0
Voting boardVI 1a1
IndependentVI 1b1
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$362K
Total revenueLn 12$362K
Assets in detailPt X, end of year
CashLn 1$816K
Cash and savings togetherLn 1–2$816K
Total assetsLn 16$816K
LiabilitiesLn 26$0
Net assetsLn 32$816K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$851K$816K
Total assetsLn 16$871K$816K
LiabilitiesLn 26$66K$0
Net assetsLn 32$805K$816K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Benefits paid to or for membersLn 4$204K$204K
Management feesLn 11a$80K$80K
Total functional expensesLn 25$284K$204K$80K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2023 Latest Viewing $362K$284K$78K$816K 990 PDF
FY2022 $268K$315K−$46K$805K 990 PDF
FY2021 $323K$322K$754$851K 990 PDF
FY2020 $559K$382K$177K$850K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2023 990 (6 parts)
Part I · Summary $362,031 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $268,393$362,031
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $268,393$362,031
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $223,274$203,963
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $91,227$79,977
I-18 Total expensesPrior year $314,501$283,940
I-19 Revenue less expensesPrior year −$46,108$78,091
Part VI · Governance 1 of 1 board members independent, 4 to look at
VI-1a Voting members of the governing body1
VI-1b Independent voting members1
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $362,031 across 2 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $362,031$362,031
VIII-12 Total revenueRelated to mission $362,031 · Unrelated business $0 · Excluded from tax $0$362,031
Part IX · Statement of functional expenses $283,940 across 2 lines filed
IX-4 Benefits paid to or for membersPrograms $203,963$203,963
IX-11a Management feesManagement $79,977$79,977
IX-25 Total functional expensesPrograms $203,963 · Management $79,977 · Fundraising $0$283,940
Part X · Balance sheet $816,094 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $850,970$816,094
X-4 Accounts receivableStart of year $19,884$0
X-16 Total assetsStart of year $870,854$816,094
X-17 Accounts payable and accrued expensesStart of year $65,937$0
X-26 Total liabilitiesStart of year $65,937$0
X-32 Total net assets or fund balancesStart of year $804,917$816,094
X-33 Total liabilities and net assetsStart of year $870,854$816,094
Part XI · Reconciliation of net assets $816,094 net assets at year end
XI-1 Total revenue$362,031
XI-2 Total expenses$283,940
XI-3 Revenue less expenses$78,091
XI-4 Net assets at start of year$804,917
XI-8 Prior period adjustments−$66,914
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$816,094

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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