Rcdc Veba Eagle Capital

Not tax-deductible

Des Moines, IAMutual-benefit / member-servingMutual/Membership EIN 37-1735573Revenue $817K in FY2025Latest return filed Nov 6, 2025

On file with the IRSDes Moines, IATax-exempt since Aug 2014

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Fund health and wellness benefits under pay adminstrative related to the diocese of charlotte retired clergy health plan.

100¢ of each $1 spent went to programs.
$21K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

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
4 of 5
filings with a surplus
Average surplus $335K a year · 37% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$21K
to officers and key staff · 4% of spending
Looks good: pay to officers and key staff is 4% of spending; 15% or less.
Pt VII · Sec A
16 mo
of spending, in cash
Plus $11.6M in investments, Pt X · Ln 11–13
Looks good: 16.2 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
0
of 1 voting members
Concern: none of 1 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$817K
-37% vs prior year
Spent
$594K
To programs
100%
Net assets
$12.4M
By yearFY2021–FY2025
Revenue
$817K
FY2025▼ -37%
Tap a bar for its year
Revenue by fiscal year
FY2021$1.1M
FY2022$758K
FY2023$520K
FY2024$1.3M
FY2025$817K
Expenses
$594K
FY2025▲ +43%
Tap a bar for its year
Expenses by fiscal year
FY2021$533K
FY2022$681K
FY2023$574K
FY2024$415K
FY2025$594K
Net assets
$12.4M
FY2025▲ +1%
Tap a bar for its year
Net assets by fiscal year
FY2021$11.1M
FY2022$11.4M
FY2023$11.3M
FY2024$12.3M
FY2025$12.4M

From the FY2025 Form 990 (year ending June 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 Aug 2014.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $594K

Form 990 Part IX, line 25. Every line is in By the numbers.

Something off? Claim to add context

Who runs it and what they're paid

1 person listed on the 990; $21K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
$21,482Pt VII · Sec A

Principal Bank - Pcs Tax’s $21K as Trustee is at the 67th percentile of top reported officer pay among 539 $100K–1M 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 · 2 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021
Principal Bank - Pcs Tax$21,482$19,037$18,247$21,198—
Wells Fargo Bank————$19,426

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 Rcdc Veba Eagle Capital 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

Funds health and wellness benefits for retired clergy in the Diocese of Charlotte.

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1 program · in their own filed words · FY2024
01

Fund health and wellness benefits under pay administrative related to the diocese of charlotte retired clergy health plan

Pt IX · col B

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$817K
Ln 12
Investment incomeLn 3$522K
Fees for servicesLn 2g$290K
Other incomeLn 4–11$4K
Money outPt IX
$594K
Ln 25
Programscol B$594K
Owns and owesPt X
$12.4M
net assets · Ln 32
Cash and savingsLn 1–2$802K
Total assetsLn 16$12.4M
LiabilitiesLn 26$0
PeoplePt VI, VII
1
listed · VII A
PaidVII A1
Voting boardVI 1a1
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$290K
Investment incomeLn 3$522K
Other incomeLn 4–11$4K
Gains on assetsLn 7$138K
Total revenueLn 12$817K
Assets in detailPt X, end of year
SavingsLn 2$802K
Cash and savings togetherLn 1–2$802K
InvestmentsLn 11–13$11.6M
Total assetsLn 16$12.4M
LiabilitiesLn 26$0
Net assetsLn 32$12.4M
OperationsPt I, VI
EmployeesI 50
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$962K$802K
InvestmentsLn 11–13$11.3M$11.6M
Total assetsLn 16$12.3M$12.4M
LiabilitiesLn 26$0$0
Net assetsLn 32$12.3M$12.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Benefits paid to or for membersLn 4$551K$551K
Pay of current officers, directors and key staffLn 5$21K$21K
Investment management feesLn 11f$15K$15K
Other expenses (24a–d)Ln 24$7K$7K
Total functional expensesLn 25$594K$594K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest ViewingFiled with the IRS Nov 6, 2025 $817K$594K$223K$12.4M 990 PDF
FY2024Filed with the IRS Nov 7, 2024 $1.3M$415K$873K$12.3M 990 PDF
FY2023Filed with the IRS Nov 10, 2023 $520K$574K−$55K$11.3M 990 PDF
FY2022Filed with the IRS Nov 13, 2022 $758K$681K$77K$11.4M 990 PDF
FY2021Filed with the IRS Nov 11, 2021 $1.1M$533K$554K$11.1M 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 $816,925 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenuePrior year $328,272$290,412
I-10 Investment incomePrior year $957,387$522,066
I-11 Other revenuePrior year $3,158$4,447
I-12 Total revenuePrior year $1,288,817$816,925
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to membersPrior year $378,749$550,635
I-15 Salaries and benefitsPrior year $19,037$21,482
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $17,581$21,831
I-18 Total expensesPrior year $415,367$593,948
I-19 Revenue less expensesPrior year $873,450$222,977
Part VI · Governance 0 of 1 board members independent, 1 to look at
VI-1a Voting members of the governing body1
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 $816,925 across 5 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $290,412$290,412
VIII-3 Investment incomeExcluded from tax $383,671$383,671
VIII-7 Net gain or loss on sales of assetsExcluded from tax $138,395$138,395
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $4,447$4,447
VIII-12 Total revenueRelated to mission $290,412 · Excluded from tax $526,513$816,925
Part IX · Statement of functional expenses $593,948 across 4 lines filed
IX-4 Benefits paid to or for membersPrograms $550,635$550,635
IX-5 Pay of current officers, directors and key staffPrograms $21,482$21,482
IX-11f Investment management feesPrograms $14,518$14,518
IX-24 Other expenses (24a–d)Programs $7,313$7,313
IX-25 Total functional expensesPrograms $593,948 · Management $0 · Fundraising $0$593,948
Part X · Balance sheet $12,425,110 assets, 7 lines filed
X-2 Savings and temporary cash investmentsStart of year $962,363$801,863
X-11 Publicly traded securitiesStart of year $11,290,809$11,623,247
X-16 Total assetsStart of year $12,253,172$12,425,110
X-26 Total liabilitiesStart of year $0$0
X-29 Capital stock or trust principalStart of year $12,253,172$12,425,110
X-32 Total net assets or fund balancesStart of year $12,253,172$12,425,110
X-33 Total liabilities and net assetsStart of year $12,253,172$12,425,110
Part XI · Reconciliation of net assets $12,425,110 net assets at year end
XI-1 Total revenue$816,925
XI-2 Total expenses$593,948
XI-3 Revenue less expenses$222,977
XI-4 Net assets at start of year$12,253,172
XI-9 Other changes in net assets−$51,039
XI-10 Net assets at end of year$12,425,110

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

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