Capreit Welfare Benefit Trust: FY2021 Nonprofit Profile & Form 990 (EIN 52-1927939)

Revenue by fiscal year
FY2021	$5.3M
FY2023	$4.4M
FY2024	$4.3M
FY2025	$3.6M

Expenses by fiscal year
FY2021	$4.6M
FY2023	$4.8M
FY2024	$3.8M
FY2025	$4.4M

Net assets by fiscal year
FY2021	$2.7M
FY2023	$1.9M
FY2024	$2.4M
FY2025	$1.6M

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jan 1996.

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

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

Capreit Operating LP

Trustee

$0Pt VII · Sec A

See Capreit Welfare Benefit Trust 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 health and other benefits to eligible employees.

Questions for Capreit Welfare Benefit Trust

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1 program · in their own filed words · FY2020

01

See schedule o

Pt IX · col B

By the numbers

The FY2021 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$5.3M

Ln 12

Fees for servicesLn 2g$5.3M

Money outPt IX

$4.6M

Ln 25

Owns and owesPt X

$2.7M

net assets · Ln 32

Cash and savingsLn 1–2$2.7M

Total assetsLn 16$2.7M

LiabilitiesLn 26$19K

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$5.3M

Total revenueLn 12$5.3M

Assets in detailPt X, end of year

CashLn 1$2.7M

Cash and savings togetherLn 1–2$2.7M

Total assetsLn 16$2.7M

LiabilitiesLn 26$19K

Net assetsLn 32$2.7M

OperationsPt I, VI

EmployeesI 50

VolunteersI 60

Fiscal year endsHeaderJanuary

Conflict-of-interest policyVI 12aNo

Whistleblower policyVI 13No

Records policyVI 14No

3Year over year

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

Line	Start FY21	End FY21
Cash and savingsLn 1–2	$2.3M	$2.7M
Total assetsLn 16	$2.3M	$2.7M
LiabilitiesLn 26	$300K	$19K
Net assetsLn 32	$2.0M	$2.7M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Benefits paid to or for membersLn 4	$4.3M
Accounting feesLn 11c	$32K
Other fees for servicesLn 11g	$334K
Other expenses (24a–d)Ln 24	$1K
Total functional expensesLn 25	$4.6M

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 LatestFiled with the IRS Dec 22, 2025	$3.6M	$4.4M	−$805K	$1.6M	990 PDF
FY2024Filed with the IRS Dec 16, 2024	$4.3M	$3.8M	$466K	$2.4M	990 PDF
FY2023Filed with the IRS Dec 13, 2023	$4.4M	$4.8M	−$468K	$1.9M	990 PDF
FY2022	Not on file
FY2021 ViewingFiled with the IRS Dec 9, 2021	$5.3M	$4.6M	$690K	$2.7M	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 FY2021 990 (6 parts)

Part I · Summary $5,318,218 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $0$0

I-9 Program service revenuePrior year $5,085,524$5,318,218

I-10 Investment incomePrior year $0$0

I-11 Other revenuePrior year $0$0

I-12 Total revenuePrior year $5,085,524$5,318,218

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

I-14 Benefits paid to membersPrior year $4,366,216$4,261,274

I-15 Salaries and benefitsPrior year $0$0

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

I-17 Other expensesPrior year $351,003$367,182

I-18 Total expensesPrior year $4,717,219$4,628,456

I-19 Revenue less expensesPrior year $368,305$689,762

Part VI · Governance 1 of 1 board members independent, 4 to look at

VI-1a Voting members of the governing body1

VI-1b Independent voting members1

VI-12a Written conflict of interest policyNo

VI-13 Written whistleblower policyNo

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

Part VIII · Statement of revenue $5,318,218 across 2 lines filed

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $5,318,218$5,318,218

VIII-12 Total revenueRelated to mission $5,318,218 · Unrelated business $0 · Excluded from tax $0$5,318,218

Part IX · Statement of functional expenses $4,628,456 across 4 lines filed

IX-4 Benefits paid to or for members$4,261,274

IX-11c Accounting fees$32,357

IX-11g Other fees for services$333,679

IX-24 Other expenses (24a–d)$1,146

IX-25 Total functional expenses$4,628,456

Part X · Balance sheet $2,684,057 assets, 8 lines filed

X-1 Cash, non-interest-bearingStart of year $2,275,097$2,684,057

X-16 Total assetsStart of year $2,275,097$2,684,057

X-17 Accounts payable and accrued expensesStart of year $24,782$19,079

X-25 Other liabilitiesStart of year $275,099$0

X-26 Total liabilitiesStart of year $299,881$19,079

X-27 Net assets without donor restrictionsStart of year $1,975,216$2,664,978

X-32 Total net assets or fund balancesStart of year $1,975,216$2,664,978

X-33 Total liabilities and net assetsStart of year $2,275,097$2,684,057

Part XI · Reconciliation of net assets $2,664,978 net assets at year end

XI-1 Total revenue$5,318,218

XI-2 Total expenses$4,628,456

XI-3 Revenue less expenses$689,762

XI-4 Net assets at start of year$1,975,216

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$2,664,978

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

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Capreit Welfare Benefit Trust FY2021 filing

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