Ng Management INC Veba Trust

IRS exemption revoked

Poland, OHUnknown exempt organization EIN 61-6290323Revenue $444K in FY2022Latest return filed Nov 15, 2022

On file with the IRSPoland, OH

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Veba Trust provides health care benefits for Ng Management inc's employees and their dependents.

Mission: Form 990 Part I, line 1

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
Revoked
IRS exemption revoked
Concern: the IRS revoked its tax exemption.
IRS Auto-Revocation List
Latest return
FY2022
latest Form 990
Worth a look: the latest return is for FY2022, 4 tax years back; more than 3 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 3
filings with a surplus
Average deficit $21K a year · 4% of revenue · last 3 filings
Concern: a surplus in 1 of the last 3 filings.
Pt I · Ln 19 · 3 filings
5 mo
of spending, in cash
Looks good: 5.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$4K
2% of total assets
Looks good: liabilities are 2% of assets; 50% or less.
Pt X · Ln 26
Independent board members
2
of 2 voting members
Looks good: 2 of 2 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$444K
-21% vs prior year
Spent
$491K
Net assets
$203K
By yearFY2020–FY2022
Revenue
$444K
FY2022▼ -21%
Tap a bar for its year
Revenue by fiscal year
FY2020$467K
FY2021$563K
FY2022$444K
Expenses
$491K
FY2022▼ -12%
Tap a bar for its year
Expenses by fiscal year
FY2020$490K
FY2021$555K
FY2022$491K
Net assets
$203K
FY2022▼ -19%
Tap a bar for its year
Net assets by fiscal year
FY2020$242K
FY2021$250K
FY2022$203K

From the FY2022 Form 990 (year ending May 2022) · see the original

990 PDF Claim
IRS revoked this organization's tax-exempt status on May 15, 2025

Is it real?

No. The IRS revoked its tax exemption. Latest filing on record: FY2022.

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

Who runs it and what they're paid

2 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
$0Pt VII · Sec A
$0Pt VII · Sec A
See Ng Management INC Veba 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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Provides health care benefits for employees and their families.

Questions for Ng Management INC Veba Trust

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1 program · in their own filed words · FY2021
01

The trust provides medical, optical, dental, disability, and life benefits to its participants

Pt IX · col B

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$444K
Ln 12
Fees for servicesLn 2g$444K
Money outPt IX
$491K
Ln 25
Owns and owesPt X
$203K
net assets · Ln 32
Cash and savingsLn 1–2$207K
Total assetsLn 16$207K
LiabilitiesLn 26$4K
PeoplePt VI, VII
2
listed · VII A
PaidVII A0
Voting boardVI 1a2
IndependentVI 1b2
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$444K
Total revenueLn 12$444K
Assets in detailPt X, end of year
CashLn 1$207K
Cash and savings togetherLn 1–2$207K
Total assetsLn 16$207K
LiabilitiesLn 26$4K
Net assetsLn 32$203K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderMay
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
LineStart FY22End FY22
Cash and savingsLn 1–2$254K$207K
Total assetsLn 16$254K$207K
LiabilitiesLn 26$4K$4K
Net assetsLn 32$250K$203K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Benefits paid to or for membersLn 4$441K
Accounting feesLn 11c$3K
Office expensesLn 13$920
InsuranceLn 23$300
Other expenses (24a–d)Ln 24$46K
Total functional expensesLn 25$491K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2022 Latest ViewingFiled with the IRS Nov 15, 2022 $444K$491K−$47K$203K 990 PDF
FY2021Filed with the IRS Mar 4, 2022 $563K$555K$8K$250K 990 PDF
FY2020Filed with the IRS Jan 11, 2021 $467K$490K−$23K$242K 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants O · Explanations
See the full FY2022 990 (6 parts)
Part I · Summary $443,882 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $562,627$443,882
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $562,627$443,882
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $506,298$440,938
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $48,707$49,723
I-18 Total expensesPrior year $555,005$490,661
I-19 Revenue less expensesPrior year $7,622−$46,779
Part VI · Governance 2 of 2 board members independent, 5 to look at
VI-1a Voting members of the governing body2
VI-1b Independent voting members2
VI-2 Family or business relationship among officers or directorsYes
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
Part VIII · Statement of revenue $443,882 across 2 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $443,882$443,882
VIII-12 Total revenueRelated to mission $443,882 · Unrelated business $0 · Excluded from tax $0$443,882
Part IX · Statement of functional expenses $490,661 across 5 lines filed
IX-4 Benefits paid to or for members$440,938
IX-11c Accounting fees$2,595
IX-13 Office expenses$920
IX-23 Insurance$300
IX-24 Other expenses (24a–d)$45,908
IX-25 Total functional expenses$490,661
Part X · Balance sheet $206,920 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $253,699$206,920
X-16 Total assetsStart of year $253,699$206,920
X-17 Accounts payable and accrued expensesStart of year $3,961$3,961
X-26 Total liabilitiesStart of year $3,961$3,961
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 $249,738$202,959
X-32 Total net assets or fund balancesStart of year $249,738$202,959
X-33 Total liabilities and net assetsStart of year $253,699$206,920
Part XI · Reconciliation of net assets $202,959 net assets at year end
XI-1 Total revenue$443,882
XI-2 Total expenses$490,661
XI-3 Revenue less expenses−$46,779
XI-4 Net assets at start of year$249,738
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$202,959

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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