Pds Veba Trust: FY2021 Nonprofit Profile & Form 990 (EIN 47-6637312)

Revenue by fiscal year
FY2020	$62.8M
FY2021	$67.6M
FY2022	$2.2M
FY2023	$30.4M
FY2024	$37.4M
FY2025	$45.2M

Expenses by fiscal year
FY2020	$62.7M
FY2021	$67.6M
FY2022	$2.2M
FY2023	$30.4M
FY2024	$37.4M
FY2025	$45.1M

Net assets by fiscal year
FY2020	$74K
FY2021	$74K
FY2022	$74K
FY2023	$78K
FY2024	$85K
FY2025	$177K

Is it real?

Yes. Exemption reinstated (2024-05-15). Per the IRS revocation list. Latest filing on record: FY2025. IRS ruling in Apr 2016.

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

Where the money goes

100 cents of each dollar spent went to programs.

100%

Program services 100% · $67.6M

Form 990 Part IX, line 25. 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 · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII

Principal Financial Group

Trustee

$0Pt VII · Sec A

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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

Provides health and welfare benefits to eligible employers through a trust plan.

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Provided by the organization

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1 program · $67.6M · in their own filed words · FY2020

01

Established benefit trust plan to provide health and welfare benefitsto employers who are eligible for coverage

$67.6Mprogram expense

By the numbers

The FY2021 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$67.6M

Ln 12

Fees for servicesLn 2g$67.6M

Investment incomeLn 3$54

Money outPt IX

$67.6M

Ln 25

Programscol B$67.6M

Owns and owesPt X

$74K

net assets · Ln 32

Cash and savingsLn 1–2$74K

Total assetsLn 16$74K

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$67.6M

Investment incomeLn 3$54

Total revenueLn 12$67.6M

Assets in detailPt X, end of year

SavingsLn 2$74K

Cash and savings togetherLn 1–2$74K

Total assetsLn 16$74K

LiabilitiesLn 26$0

Net assetsLn 32$74K

OperationsPt I, VI

EmployeesI 50

Fiscal year endsHeaderNovember

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

Line	Start FY21	End FY21
Cash and savingsLn 1–2	$74K	$74K
Total assetsLn 16	$74K	$74K
LiabilitiesLn 26	$0	$0
Net assetsLn 32	$74K	$74K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Benefits paid to or for membersLn 4	$67.6M	$67.6M
Total functional expensesLn 25	$67.6M	$67.6M	$0	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 Latest	$45.2M	$45.1M	$92K	$177K	990 PDF
FY2024	$37.4M	$37.4M	$6K	$85K	990 PDF
FY2023	$30.4M	$30.4M	$5K	$78K	990 PDF
FY2022	$2.2M	$2.2M	$142	$74K	990 PDF
FY2021 Viewing	$67.6M	$67.6M	$54	$74K	990 PDF
FY2020	$62.8M	$62.7M	$69K	$74K	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 FY2021 990 (6 parts)

Part I · Summary $67,610,972 revenue, 12 lines filed

I-8 Contributions and grants$0

I-9 Program service revenuePrior year $62,749,436$67,610,918

I-10 Investment incomePrior year $625$54

I-11 Other revenue$0

I-12 Total revenuePrior year $62,750,061$67,610,972

I-13 Grants and similar amounts paid$0

I-14 Benefits paid to membersPrior year $62,750,061$67,610,918

I-15 Salaries and benefits$0

I-16a Professional fundraising fees$0

I-17 Other expenses$0

I-18 Total expensesPrior year $62,750,061$67,610,918

I-19 Revenue less expenses$54

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

VI-1a Voting members of the governing body1

VI-1b Independent voting members1

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 $67,610,972 across 3 lines filed

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $67,610,918$67,610,918

VIII-3 Investment incomeExcluded from tax $54$54

VIII-12 Total revenueRelated to mission $67,610,918 · Excluded from tax $54$67,610,972

Part IX · Statement of functional expenses $67,610,918 across 1 line filed

IX-4 Benefits paid to or for membersPrograms $67,610,918$67,610,918

IX-25 Total functional expensesPrograms $67,610,918 · Management $0 · Fundraising $0$67,610,918

Part X · Balance sheet $73,948 assets, 5 lines filed

X-2 Savings and temporary cash investmentsStart of year $73,894$73,948

X-16 Total assetsStart of year $73,894$73,948

X-26 Total liabilitiesStart of year $0$0

X-32 Total net assets or fund balancesStart of year $73,894$73,948

X-33 Total liabilities and net assetsStart of year $73,894$73,948

Part XI · Reconciliation of net assets $73,948 net assets at year end

XI-1 Total revenue$67,610,972

XI-2 Total expenses$67,610,918

XI-3 Revenue less expenses$54

XI-4 Net assets at start of year$73,894

XI-10 Net assets at end of year$73,948

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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Pds Veba Trust FY2021 filing

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