The Ackerman Employee Benefit Trust

Not tax-deductible

Jasper, INMutual-benefit / member-servingSince 1998Mutual/MembershipEIN 35-2034595

The sole purpose of maintaining this tax-exempt trust is to provide benefits as covered by the approved plan for all eligible employees on a non-discriminatory basis. The employer, active employees, and eligible cobra beneficiaries contribute.

93¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2024 · 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $147K a year · 26% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
93%
of spending
Looks good: 93% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
23 mo
of spending, in cash
Looks good: 22.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$5K
0.6% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
0
of 3 voting members
Concern: none of 3 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$256K
-51% vs prior year
Spent
$445K
To programs
93%
Net assets
$837K
By yearFY2020–FY2024
Revenue
$256K
FY2024▼ -51%
Revenue by fiscal year
FY2020$733K
FY2021$653K
FY2022$442K
FY2023$499K
FY2024$521K
FY2024$256K
Expenses
$445K
FY2024▲ +21%
Expenses by fiscal year
FY2020$584K
FY2021$366K
FY2022$430K
FY2023$365K
FY2024$368K
FY2024$445K
Net assets
$837K
FY2024▼ -19%
Net assets by fiscal year
FY2020$444K
FY2021$731K
FY2022$736K
FY2023$873K
FY2024$1.0M
FY2024$837K

From the FY2024 Form 990 · see the original

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Oct 1999.

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

Where the money goes

93 cents of each dollar spent went to programs.

Program services 93% · $414K Management & general 7% · $31K

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

Who runs it and what they're paid

3 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See The Ackerman Employee 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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Provides employee benefits through a tax-exempt trust, funded by employers and employees.

Provided by the organization

This section is blank until The Ackerman Employee Benefit Trust claims this page.

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1 program service account for $414K of program spending, described in the organization's own filed words · FY2024.
01

The sole purpose of maintaining this tax-exempt trust is to provide benefits as covered by the approved plan for all eligible employees on a non-discriminatory basis. The employer, active employees, and eligible cobra beneficiaries contribute.

$414Kprogram expense

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By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$256K
Ln 12
Fees for servicesLn 2g$211K
Investment incomeLn 3$40K
Other incomeLn 4–11$5K
Money outPt IX
$445K
Ln 25
Programscol B$414K
Managementcol C$31K
Owns and owesPt X
$837K
net assets · Ln 32
Cash and savingsLn 1–2$842K
Total assetsLn 16$842K
LiabilitiesLn 26$5K
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$211K
Investment incomeLn 3$40K
Other incomeLn 4–11$5K
Total revenueLn 12$256K
Assets in detailPt X, end of year
SavingsLn 2$842K
Cash and savings togetherLn 1–2$842K
Total assetsLn 16$842K
LiabilitiesLn 26$5K
Net assetsLn 32$837K
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderDecember
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 FY24End FY24
Cash and savingsLn 1–2$1.0M$842K
Total assetsLn 16$1.0M$842K
LiabilitiesLn 26$3K$5K
Net assetsLn 32$1.0M$837K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Benefits paid to or for membersLn 4$230K$230K
Management feesLn 11a$28K$28K
Accounting feesLn 11c$2K$2K
Other fees for servicesLn 11g$3K$3K
InsuranceLn 23$167K$167K
Other expenses (24a–d)Ln 24$14K$14K
Total functional expensesLn 25$445K$414K$31K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $521K$368K$153K$1.0M 990 PDF
FY2023 $499K$365K$133K$873K 990 PDF
FY2022 $442K$430K$11K$736K 990 PDF
FY2021 $653K$366K$288K$731K 990 PDF
FY2020 $733K$584K$149K$444K 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 FY2024 990 (4 parts)
Part VIII · Statement of revenue $255,731 across 4 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $211,062$211,062
VIII-3 Investment incomeUnrelated business $39,524$39,524
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $5,145$5,145
VIII-12 Total revenueRelated to mission $216,207 · Unrelated business $39,524$255,731
Part IX · Statement of functional expenses $445,001 across 6 lines filed
IX-4 Benefits paid to or for membersPrograms $229,532$229,532
IX-11a Management feesManagement $28,408$28,408
IX-11c Accounting feesManagement $2,400$2,400
IX-11g Other fees for servicesPrograms $2,964$2,964
IX-23 InsurancePrograms $167,262$167,262
IX-24 Other expenses (24a–d)Programs $14,435$14,435
IX-25 Total functional expensesPrograms $414,193 · Management $30,808 · Fundraising $0$445,001
Part X · Balance sheet $842,283 assets, 6 lines filed
X-2 Savings and temporary cash investmentsStart of year $1,033,698$842,283
X-16 Total assetsStart of year $1,033,698$842,283
X-17 Accounts payable and accrued expensesStart of year $3,000$5,000
X-26 Total liabilitiesStart of year $3,000$5,000
X-32 Total net assets or fund balancesStart of year $1,030,698$837,283
X-33 Total liabilities and net assetsStart of year $1,033,698$842,283
Part XI · Reconciliation of net assets $837,283 net assets at year end
XI-1 Total revenue$255,731
XI-2 Total expenses$445,001
XI-3 Revenue less expenses−$189,270
XI-4 Net assets at start of year$1,030,698
XI-5 Net unrealized gains (losses) on investments−$4,145
XI-10 Net assets at end of year$837,283

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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