Cnh Welfare Benefit Trust: Nonprofit Profile, Financials & Form 990 (EIN 36-7045813)

Revenue by fiscal year
FY2020	$152.3M
FY2021	$174.0M
FY2022	$143.8M
FY2023	$172.2M
FY2024	$161.5M

Expenses by fiscal year
FY2020	$147.6M
FY2021	$142.0M
FY2022	$187.6M
FY2023	$177.9M
FY2024	$178.3M

Net assets by fiscal year
FY2020	$169.8M
FY2021	$153.1M
FY2022	$85.5M
FY2023	$79.7M
FY2024	$65.4M

Is it real?

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

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

Where the money goes

91 cents of each dollar spent went to programs.

91%

Program services 91% · $162.2M Management & general 9% · $16.1M

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; $55K paid to officers and key staff.

Part VII, Section A · reportable compensation

State Street Bank and Trust

Trustee

$55,133Pt VII · Sec A

State Street Bank and Trust’s $55K as Trustee is at the 33rd percentile of top reported officer pay among 51 $100M+ mutual/membership nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

Name	FY2024	FY2023	FY2022	FY2021	FY2020
State Street Bank and Trust	$55,133	$55,133	$49,445	$46,968	$38,692

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Cnh 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

Offers financial aid for life, illness, and accident events, plus health reimbursement for retirees.

Provided by the organization

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1 program · $162.2M · in their own filed words · FY2024

01

Benefits paid for members

$162.2Mprogram expense

By the numbers

The FY2024 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$161.5M

Ln 12

Fees for servicesLn 2g$158.6M

Investment incomeLn 3$2.9M

Money outPt IX

$178.3M

Ln 25

Programscol B$162.2M

Managementcol C$16.1M

Owns and owesPt X

$65.4M

net assets · Ln 32

Cash and savingsLn 1–2$17.1M

Total assetsLn 16$67.1M

LiabilitiesLn 26$1.8M

PeoplePt VI, VII

1

listed · VII A

PaidVII A1

Voting boardVI 1a1

IndependentVI 1b1

2In more detail

Revenue in detailPt VIII

Fees for servicesLn 2g$158.6M

Investment incomeLn 3$2.9M

Gains on assetsLn 7$390K

Total revenueLn 12$161.5M

Assets in detailPt X, end of year

CashLn 1$164K

SavingsLn 2$17.0M

Cash and savings togetherLn 1–2$17.1M

InvestmentsLn 11–13$49.5M

Other assetsLn 15$58K

Total assetsLn 16$67.1M

LiabilitiesLn 26$1.8M

Net assetsLn 32$65.4M

OperationsPt I, VI

EmployeesI 50

VolunteersI 60

Fiscal year endsHeaderDecember

Conflict-of-interest policyVI 12aYes

Whistleblower policyVI 13Yes

Records policyVI 14No

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY24	End FY24
Cash and savingsLn 1–2	$23.4M	$17.1M
InvestmentsLn 11–13	$57.0M	$49.5M
Total assetsLn 16	$80.9M	$67.1M
LiabilitiesLn 26	$1.2M	$1.8M
Net assetsLn 32	$79.7M	$65.4M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Benefits paid to or for membersLn 4	$162.2M	$162.2M
Other expenses (24a–d)Ln 24	$16.1M		$16.1M
Total functional expensesLn 25	$178.3M	$162.2M	$16.1M	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2024 Latest Viewing	$161.5M	$178.3M	−$16.8M	$65.4M	990 PDF
FY2023	$172.2M	$177.9M	−$5.7M	$79.7M	990 PDF
FY2022	$143.8M	$187.6M	−$43.8M	$85.5M	990 PDF
FY2021	$174.0M	$142.0M	$32.0M	$153.1M	990 PDF
FY2020	$152.3M	$147.6M	$4.7M	$169.8M	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 (6 parts)

Part I · Summary $161,476,719 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $0$0

I-9 Program service revenuePrior year $170,554,184$158,625,511

I-10 Investment incomePrior year $1,635,619$2,851,208

I-11 Other revenuePrior year $0$0

I-12 Total revenuePrior year $172,189,803$161,476,719

I-13 Grants and similar amounts paidPrior year $0$0

I-14 Benefits paid to membersPrior year $152,865,736$162,226,535

I-15 Salaries and benefitsPrior year $0$0

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $25,034,930$16,057,585

I-18 Total expensesPrior year $177,900,666$178,284,120

I-19 Revenue less expensesPrior year −$5,710,863−$16,807,401

Part VI · Governance 1 of 1 board members independent, 2 to look at

VI-1a Voting members of the governing body1

VI-1b Independent voting members1

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

VI-12a Written conflict of interest policyYes

VI-13 Written whistleblower policyYes

Part VIII · Statement of revenue $161,476,719 across 4 lines filed

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $158,625,511$158,625,511

VIII-3 Investment incomeExcluded from tax $2,461,209$2,461,209

VIII-7 Net gain or loss on sales of assetsExcluded from tax $389,999$389,999

VIII-12 Total revenueRelated to mission $158,625,511 · Unrelated business $0 · Excluded from tax $2,851,208$161,476,719

Part IX · Statement of functional expenses $178,284,120 across 2 lines filed

IX-4 Benefits paid to or for membersPrograms $162,226,535$162,226,535

IX-24 Other expenses (24a–d)Management $16,057,585$16,057,585

IX-25 Total functional expensesPrograms $162,226,535 · Management $16,057,585 · Fundraising $0$178,284,120

Part X · Balance sheet $67,105,326 assets, 12 lines filed

X-1 Cash, non-interest-bearingStart of year $93,211$163,740

X-2 Savings and temporary cash investmentsStart of year $23,310,332$16,968,998

X-4 Accounts receivableStart of year $446,748$383,497

X-11 Publicly traded securitiesStart of year $34,147,470$49,268,215

X-12 Other securitiesStart of year $22,706,808$242,369

X-13 Program-related investmentsStart of year $189,940$20,362

X-15 Other assets$58,145

X-16 Total assetsStart of year $80,894,509$67,105,326

X-17 Accounts payable and accrued expensesStart of year $1,157,220$1,751,576

X-26 Total liabilitiesStart of year $1,157,220$1,751,576

X-32 Total net assets or fund balancesStart of year $79,737,289$65,353,750

X-33 Total liabilities and net assetsStart of year $80,894,509$67,105,326

Part XI · Reconciliation of net assets $65,353,750 net assets at year end

XI-1 Total revenue$161,476,719

XI-2 Total expenses$178,284,120

XI-3 Revenue less expenses−$16,807,401

XI-4 Net assets at start of year$79,737,289

XI-5 Net unrealized gains (losses) on investments$2,423,862

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$65,353,750

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

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