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Neca-Ibew Welfare Trust Fund

Not tax-deductible

Decatur, ILMutual-benefit / member-servingSince 1955Mutual / membership EIN 37-0738564Revenue $264.4M in FY2025Latest return filed Apr 14, 2026

On file with the IRSneca-ibew.orgDecatur, ILTax-exempt since Apr 1958

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To provide benefits to eligible members and their dependents

Run by 38 volunteers.
Mission: Form 990 Part I, line 1 · People: Part I, lines 5–6

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
5 of 6
filings with a surplus
Average surplus $7.5M a year · 4% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Cash reserves
<1 mo
of spending, in cash
Plus $321.3M in investments, Pt X · Ln 11–13
Fine: 0.7 months of spending in cash, plus $321.3M in investments.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$4.6M
1% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
0
of 38 voting members
Concern: none of 38 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$264.4M
+10% vs prior year
Spent
$245.1M
Net assets
$368.5M
By yearFY2020–FY2025
Revenue
$264.4M
FY2025▲ +10%
Tap a bar for its year
Revenue by fiscal year
FY2020$169.1M
FY2021$170.9M
FY2022$204.6M
FY2023$192.5M
FY2024$241.1M
FY2025$264.4M
Expenses
$245.1M
FY2025▲ +8%
Tap a bar for its year
Expenses by fiscal year
FY2020$166.5M
FY2021$165.9M
FY2022$193.9M
FY2023$200.2M
FY2024$226.0M
FY2025$245.1M
Net assets
$368.5M
FY2025▲ +10%
Tap a bar for its year
Net assets by fiscal year
FY2020$261.6M
FY2021$302.7M
FY2022$267.5M
FY2023$264.2M
FY2024$335.0M
FY2025$368.5M

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

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Apr 1958.

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

Who runs it and what they're paid

38 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Brian Andersen
Union Trustee
$0Pt VII · Sec A
Jim Clarida
Union Trustee
$0Pt VII · Sec A
Matt Defew
Union Trustee
$0Pt VII · Sec A
Jim Fellows
Union Trustee
$0Pt VII · Sec A
Aaron Goodrum
Union Trustee
$0Pt VII · Sec A
Ryan Hayden
Union Trustee
$0Pt VII · Sec A
Kristofer Howard
Union Trustee
$0Pt VII · Sec A
Steve Hughart
Union Trustee
$0Pt VII · Sec A
See Neca-Ibew Welfare Trust Fund executive salaries →

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 healthcare, dental, vision, disability, and death benefits to eligible union members and their dependents.

Questions for Neca-Ibew Welfare Trust Fund

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1 program · in their own filed words · FY2024
01

To provide healthcare, death, disability, dental, and vision benefits to eligible members and their dependents

Pt IX · col B

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$264.4M
Ln 12
Fees for servicesLn 2g$252.2M
Investment incomeLn 3$10.9M
Other incomeLn 4–11$1.3M
Money outPt IX
$245.1M
Ln 25
Owns and owesPt X
$368.5M
net assets · Ln 32
Cash and savingsLn 1–2$13.3M
Total assetsLn 16$373.1M
LiabilitiesLn 26$4.6M
PeoplePt VI, VII
38
listed · VII A
PaidVII A0
Voting boardVI 1a38
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$252.2M
Investment incomeLn 3$10.9M
Other incomeLn 4–11$1.3M
Gains on assetsLn 7$5.0M
Total revenueLn 12$264.4M
Assets in detailPt X, end of year
SavingsLn 2$13.3M
Cash and savings togetherLn 1–2$13.3M
Accounts receivableLn 4$36.7M
Prepaid expenses and deferred chargesLn 9$30K
Land, buildings, equipmentLn 10c$818K
InvestmentsLn 11–13$321.3M
Other assetsLn 15$876K
Total assetsLn 16$373.1M
LiabilitiesLn 26$4.6M
Net assetsLn 32$368.5M
OperationsPt I, VI
EmployeesI 50
VolunteersI 638
Fiscal year endsHeaderJune
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$21.0M$13.3M
InvestmentsLn 11–13$289.7M$321.3M
Land, buildings, equipmentLn 10c$741K$818K
Total assetsLn 16$341.3M$373.1M
LiabilitiesLn 26$6.3M$4.6M
Net assetsLn 32$335.0M$368.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Benefits paid to or for membersLn 4$236.3M
Legal feesLn 11b$140K
Accounting feesLn 11c$216K
Investment management feesLn 11f$739K
Other fees for servicesLn 11g$340K
Office expensesLn 13$324K
TravelLn 17$8K
Conferences, conventions and meetingsLn 19$169K
Depreciation, depletion and amortizationLn 22$75K
InsuranceLn 23$67K
Other expenses (24a–d)Ln 24$6.7M
All other expensesLn 24e$95K
Total functional expensesLn 25$245.1M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest ViewingFiled with the IRS Apr 14, 2026 $264.4M$245.1M$19.3M$368.5M 990 PDF
FY2024Filed with the IRS May 15, 2025 $241.1M$226.0M$15.1M$335.0M 990 PDF
FY2023Filed with the IRS May 15, 2024 $192.5M$200.2M−$7.8M$264.2M 990 PDF
FY2022Filed with the IRS Apr 28, 2023 $204.6M$193.9M$10.8M$267.5M 990 PDF
FY2021Filed with the IRS Mar 31, 2022 $170.9M$165.9M$5.0M$302.7M 990 PDF
FY2020Filed with the IRS Mar 30, 2021 $169.1M$166.5M$2.7M$261.6M 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2025 990 (6 parts)
Part I · Summary $264,424,670 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $230,144,746$252,180,188
I-10 Investment incomePrior year $10,662,860$10,897,017
I-11 Other revenuePrior year $337,552$1,347,465
I-12 Total revenuePrior year $241,145,158$264,424,670
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $217,488,949$236,259,911
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $8,516,179$8,856,642
I-18 Total expensesPrior year $226,005,128$245,116,553
I-19 Revenue less expensesPrior year $15,140,030$19,308,117
Part VI · Governance 0 of 38 board members independent, 1 to look at
VI-1a Voting members of the governing body38
VI-1b Independent voting members0
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 $264,424,670 across 5 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $252,180,188$252,180,188
VIII-3 Investment incomeExcluded from tax $5,883,872$5,883,872
VIII-7 Net gain or loss on sales of assetsExcluded from tax $5,013,145$5,013,145
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $1,347,465$1,347,465
VIII-12 Total revenueRelated to mission $253,527,653 · Unrelated business $0 · Excluded from tax $10,897,017$264,424,670
Part IX · Statement of functional expenses $245,116,553 across 12 lines filed
IX-4 Benefits paid to or for members$236,259,911
IX-11b Legal fees$139,916
IX-11c Accounting fees$215,651
IX-11f Investment management fees$739,419
IX-11g Other fees for services$340,070
IX-13 Office expenses$324,466
IX-17 Travel$7,729
IX-19 Conferences, conventions and meetings$169,000
IX-22 Depreciation, depletion and amortization$74,914
IX-23 Insurance$67,240
IX-24 Other expenses (24a–d)$6,683,548
IX-24e All other expenses$94,689
IX-25 Total functional expenses$245,116,553
Part X · Balance sheet $373,096,157 assets, 16 lines filed
X-2 Savings and temporary cash investmentsStart of year $21,047,084$13,344,284
X-4 Accounts receivableStart of year $28,972,161$36,740,626
X-9 Prepaid expenses and deferred chargesStart of year $55,951$29,961
X-10c Land, buildings and equipment, netStart of year $741,139$817,838
X-11 Publicly traded securitiesStart of year $110,463,491$148,949,309
X-12 Other securitiesStart of year $179,239,955$172,338,445
X-15 Other assetsStart of year $809,460$875,694
X-16 Total assetsStart of year $341,329,241$373,096,157
X-17 Accounts payable and accrued expensesStart of year $6,162,460$4,499,133
X-25 Other liabilitiesStart of year $172,295$115,856
X-26 Total liabilitiesStart of year $6,334,755$4,614,989
X-29 Capital stock or trust principalStart of year $0$0
X-30 Paid-in or capital surplusStart of year $0$0
X-31 Retained earnings or endowmentStart of year $334,994,486$368,481,168
X-32 Total net assets or fund balancesStart of year $334,994,486$368,481,168
X-33 Total liabilities and net assetsStart of year $341,329,241$373,096,157
Part XI · Reconciliation of net assets $368,481,168 net assets at year end
XI-1 Total revenue$264,424,670
XI-2 Total expenses$245,116,553
XI-3 Revenue less expenses$19,308,117
XI-4 Net assets at start of year$334,994,486
XI-5 Net unrealized gains (losses) on investments$14,178,565
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$368,481,168

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

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