Budd E&a Veba FY2020 filing

Not tax-deductible

Pittsburgh, PAMutual-benefit / member-servingMutual/MembershipEIN 81-2446302Revenue $3.1M in FY2020

On file with the IRS60 Boulevard of the Allies 5th FL, 15222-1209 · Pittsburgh, PATax-exempt since Oct 2016

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To provide health and other welfare benefits to eligible participants and dependents.

$4K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Pay: Part VII

Before you give

FY2020 · 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
0 of 5
filings with a surplus
Average deficit $2.3M a year · 103% of revenue · last 5 filings
Concern: a surplus in 0 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Pay to officers and key staff
$4K
to officers and key staff · 0.07% of spending
Looks good: pay to officers and key staff is 0% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
<1 mo
of spending, in cash
Worth a look: 0.7 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$89K
0.1% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$3.1M
Spent
$5.1M
Net assets
$81.0M
By yearFY2020–FY2024
Revenue
$3.1M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$3.1M
FY2021$2.4M
FY2022$1.2M
FY2023$2.9M
FY2024$1.5M
Expenses
$5.1M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$5.1M
FY2021$3.5M
FY2022$4.5M
FY2023$4.8M
FY2024$4.9M
Net assets
$81.0M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$81.0M
FY2021$85.9M
FY2022$69.6M
FY2023$74.1M
FY2024$76.2M

From the FY2020 Form 990 · figures checked against the IRS filing · see the original

990 PDF Claim
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Oct 2016.

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

Who runs it and what they're paid

10 people listed on the 990; $4K paid to officers and key staff.

Part VII, Section A · reportable compensation
Committee Member
$600Pt VII · Sec A
Committee Member
$600Pt VII · Sec A
Committee Member
$300Pt VII · Sec A
Committee Member
$300Pt VII · Sec A
Committee Member
$300Pt VII · Sec A
Committee Member
$300Pt VII · Sec A
Committee Member
$300Pt VII · Sec A
Committee Member
$300Pt VII · Sec A

William Kroger JR’s $600 as Committee Member is at the 2nd percentile of top reported officer pay among 305 $1–10M 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 · 6 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
William Kroger JR$600$600$600$600$600
Thomas Whomsley$300$300$300$300$300
Thomas Stuart$300$300$300$300$300
Deric Righter$300$300$300$300$300
Mercedes F Godin—$300$300$300$300
Jim Allison$125————

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.

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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

Offers health and welfare benefits to eligible participants and their families.

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Provided by the organization

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2 programs · in their own filed words · FY2020
01

The trust provided health and other welfare benefits through the budd E&A veba to plan participants and eligible dependents.

Pt IX · col B
02

The trust provided health and other welfare benefits through the budd E&A veba to plan participants and eligible dependents.

Pt IX · col B

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$3.1M
Ln 12
Fees for servicesLn 2g$1.8M
Investment incomeLn 3$1.3M
Money outPt IX
$5.1M
Ln 25
Owns and owesPt X
$81.0M
net assets · Ln 32
Cash and savingsLn 1–2$277K
Total assetsLn 16$81.1M
LiabilitiesLn 26$89K
PeoplePt VI, VII
10
listed · VII A
PaidVII A10
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$1.8M
Investment incomeLn 3$1.3M
Total revenueLn 12$3.1M
Assets in detailPt X, end of year
Cash and savings togetherLn 1–2$277K
Total assetsLn 16$81.1M
LiabilitiesLn 26$89K
Net assetsLn 32$81.0M
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $1.5M$4.9M−$3.3M$76.2M 990 PDF
FY2023 $2.9M$4.8M−$1.8M$74.1M 990 PDF
FY2022 $1.2M$4.5M−$3.3M$69.6M 990 PDF
FY2021 $2.4M$3.5M−$1.0M$85.9M 990 PDF
FY2020 Viewing $3.1M$5.1M−$2.0M$81.0M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2020 990 (1 part)
Part VI · Governance 5 of 5 board members independent, 4 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
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

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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