Agbenefits FY2021 filing

Lubbock, TXUnknown exempt organization EIN 85-6127618Revenue $11K in FY2021Latest return filed Sep 25, 2024

On file with the IRSLubbock, TX

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Provide fully insured life and health coverage under the self-insured multiple employer welfare arrangement.

Form 990 Part I, line 1, FY2021. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 85-6127618) · Dispute this line
88¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2024
latest Form 990
The latest return is for FY2024, 2 tax years back.
IRS e-file · Filing history
Surplus or deficit
0 of 3
filings with a surplus
Average deficit $83K a year · 1416% of revenue · last 3 filings
A surplus in 0 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
88%
of spending
88% of spending went to programs.
Pt IX · Ln 25 · col B
12.5 mo
of spending, in cash
12.5 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Liabilities are 0% of assets.
Pt X · Ln 26
Independent board members
0
of 8 voting members
None of 8 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$11K
Spent
$243K
To programs
88%
Net assets
$549K
By yearFY2021–FY2024
Revenue
$11K
FY2021
Tap a bar for its year
Revenue by fiscal year
FY2021$11K
FY2022$6K
FY2023$472
FY2024$520
Expenses
$243K
FY2021
Tap a bar for its year
Expenses by fiscal year
FY2021$243K
FY2022$16K
FY2023$7K
FY2024Not on file
Net assets
$549K
FY2021
Tap a bar for its year
Net assets by fiscal year
FY2021$549K
FY2022$540K
FY2023$533K
FY2024Not on file

From the FY2021 Form 990 (year ending May 2021) · see the original

You’re viewing the FY2021 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 Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

88 cents of each dollar spent went to programs.

Program services 88% · $214K Management & general 10% · $24K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

9 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Secretary/Treas
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
President
$0Pt VII · Sec A
See Agbenefits 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

Offers insured life and health benefits through a shared employer plan.

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1 program · in their own filed words · FY2020
01

Provide life and health coverage under the self-insured employee welfare plan.

Form 990 Part III, line 4, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 85-6127618) · Dispute this line
Pt IX · Ln 25 · col B

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$11K
Ln 12
Fees for servicesLn 2g$11K
Money outPt IX
$243K
Ln 25
Programscol B$214K
Managementcol C$24K
Owns and owesPt X
$549K
net assets · Ln 32
Cash and savingsLn 1–2$252K
Total assetsLn 16$549K
LiabilitiesLn 26$0
PeoplePt VI, VII
9
listed · VII A
PaidVII A0
Voting boardVI 1a8
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$11K
Gains on assetsLn 7$0
Total revenueLn 12$11K
Assets in detailPt X, end of year
CashLn 1$252K
Cash and savings togetherLn 1–2$252K
Notes and loans receivableLn 7$297K
Other assetsLn 15$100
Total assetsLn 16$549K
LiabilitiesLn 26$0
Net assetsLn 32$549K
OperationsPt I, VI
EmployeesI 51
Fiscal year endsHeaderMay
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 FY21End FY21
Cash and savingsLn 1–2$603K$252K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$915K$549K
LiabilitiesLn 26$133K$0
Net assetsLn 32$781K$549K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of officers and key staff (Part IX, line 5)Ln 5$6K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$0
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$421$379$42
Management feesLn 11a$0
Legal feesLn 11b$10K$9K$1K
Accounting feesLn 11c$26K$23K$3K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$0
Office expensesLn 13$1K$1K$128
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$0
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$101$91$10
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$0
InsuranceLn 23$5K$4K$492
Other expenses (24a–d)Ln 24$173K$156K$17K
All other expensesLn 24e$21K$19K$2K
Total functional expensesLn 25$243K$214K$24K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 LatestFiled with the IRS Sep 25, 2024 $520 990 PDF
FY2023Filed with the IRS Sep 13, 2023 $472$7K−$7K$533K 990 PDF
FY2022Filed with the IRS Aug 30, 2022 $6K$16K−$10K$540K 990 PDF
FY2021 ViewingFiled with the IRS Sep 16, 2021 $11K$243K−$232K$549K 990 PDF

Schedules filed Part IV

I · Grants O · Explanations
See the full FY2021 990
Part I · Summary $11,206 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenuePrior year $4,368,082$11,206
I-10 Investment incomePrior year $34,655$0
I-11 Other revenue$0
I-12 Total revenuePrior year $4,402,737$11,206
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $472,565$5,921
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $3,369,817$237,418
I-18 Total expensesPrior year $3,842,382$243,339
I-19 Revenue less expensesPrior year $560,355−$232,133
Part VI · Governance 0 of 8 board members independent, 1 to look at
VI-1a Voting members of the governing body8
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 $11,206 across 8 lines filed
VIII-1h Total contributions, gifts and grants$0
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $11,206$11,206
VIII-3 Investment income$0
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $11,206$11,206
Part IX · Statement of functional expenses $243,339 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of officers and key staff (Part IX, line 5)$5,500
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wages$0
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxesPrograms $379 · Management $42$421
IX-11a Management fees$0
IX-11b Legal feesPrograms $9,323 · Management $1,036$10,359
IX-11c Accounting feesPrograms $23,432 · Management $2,603$26,035
IX-11d Lobbying fees$0
IX-11f Investment management fees$0
IX-12 Advertising and promotion$0
IX-13 Office expensesPrograms $1,148 · Management $128$1,276
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 Occupancy$0
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 InterestPrograms $91 · Management $10$101
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$0
IX-23 InsurancePrograms $4,426 · Management $492$4,918
IX-24 Other expenses (24a–d)Programs $156,015 · Management $17,336$173,351
IX-24e All other expensesPrograms $19,241 · Management $2,137$21,378
IX-25 Total functional expensesPrograms $214,055 · Management $23,784 · Fundraising $0$243,339
Part X · Balance sheet $549,360 assets, 20 lines filed
X-1 Cash, non-interest-bearingStart of year $603,127$252,486
X-2 Savings and temporary cash investments$0
X-3 Pledges and grants receivable$0
X-4 Accounts receivableStart of year $4,734$0
X-5 Loans to officers and key people$0
X-6 Loans to other insiders$0
X-7 Notes and loans receivableStart of year $306,375$296,774
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred chargesStart of year $220$0
X-10c Land, buildings and equipment, net$0
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assetsStart of year $100$100
X-16 Total assetsStart of year $914,556$549,360
X-26 Total liabilitiesStart of year $133,063$0
X-31 Retained earnings or endowmentStart of year $781,493$549,360
X-32 Total net assets or fund balancesStart of year $781,493$549,360
X-33 Total liabilities and net assetsStart of year $914,556$549,360
Part XI · Reconciliation of net assets $549,360 net assets at year end
XI-1 Total revenue$11,206
XI-2 Total expenses$243,339
XI-3 Revenue less expenses−$232,133
XI-4 Net assets at start of year$781,493
XI-10 Net assets at end of year$549,360

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

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