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Nonprofit · EIN 20-2026448

CAROLINA DEALERSHIPS INC WELFARE BENEFIT TRUST

Also known as PARKS H ET AL TTEES

Tax-exempt · WINSTON SALEM, NC 27113

Financials

$27.8M$26M2023$30.1M$30.1M2024
Revenue Expenses · by fiscal year end
Financials of CAROLINA DEALERSHIPS INC WELFARE BENEFIT TRUST by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$30,077,676$30,063,751$13,925$6,308,154$2,574,495$3,733,659
December 31, 2023990$27,790,181$25,973,862$1,816,319$6,294,229$1,525,931$4,768,298
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$30,038,914
Investment income
$38,762
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Benefits paid to members
$22,917,027
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Program services (functional)
$30,063,751

Balance sheet and other

Total assets, start of year
$6,294,229
Total assets, end of year
$6,308,154
Total liabilities, end of year
$2,574,495
Net assets, end of year
$3,733,659
Gross receipts
$30,077,676
Employees
0
Volunteers
0
Year formed
2005
State of legal domicile
NC

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
Ched NealTrustee
Trustee or director
0$0
Chester A Michael IIITrustee
Trustee or director
0$0
T David NeillTrustee
Trustee or director
0$0
990 for the year ended December 31, 2023: 3 people
NameTitleHours / weekCompensation
Ched NealTrustee
Trustee or director
0$0
Chester A Michael IIITrustee
Trustee or director
0$0
T David NeillTrustee
Trustee or director
0$0

Address and contacts

Address (IRS master file)
PO BOX 5657, WINSTON SALEM, NC 27113-5657
In care of
% CAROLINA DEALERSHIPS INC
Principal officer (990 for 2024)
Duane E Hall, PO Box 5657, WinstonSalem, NC 27113
Signed the 990
Duane E Hall, Plan Administrator
Phone
(336) 724-5921
Return prepared by
Forvis Mazars LLP

Mission

To provide health and disability benefits covering substantially all of the employees of the participating employers.

990 for the year ended December 31, 2024

Program accomplishments

  • To provide health and disability benefits covering substantially all of the employees of the participating employers.
    Expenses $30,063,751 · revenue $30,038,914

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
20-2026448
Tax-exempt status
501(c)(9): Voluntary employees' beneficiary association
Donations deductible
No
Exempt since
2007
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$6,308,154
Income (IRS master file)
$30,077,676

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$30,077,676$30,063,751$6,308,154XML
990December 2023$27,790,181$25,973,862$6,294,229XML
990December 2022$23,004,589$22,273,623$4,477,910IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 20-2026448).

Questions about CAROLINA DEALERSHIPS INC WELFARE BENEFIT TRUST

What is the EIN of CAROLINA DEALERSHIPS INC WELFARE BENEFIT TRUST?
The employer identification number (EIN) of CAROLINA DEALERSHIPS INC WELFARE BENEFIT TRUST is 20-2026448.
Is CAROLINA DEALERSHIPS INC WELFARE BENEFIT TRUST tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(9) since 2007.
Are donations to CAROLINA DEALERSHIPS INC WELFARE BENEFIT TRUST tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does CAROLINA DEALERSHIPS INC WELFARE BENEFIT TRUST file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of CAROLINA DEALERSHIPS INC WELFARE BENEFIT TRUST due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did CAROLINA DEALERSHIPS INC WELFARE BENEFIT TRUST last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of CAROLINA DEALERSHIPS INC WELFARE BENEFIT TRUST?
The 990 for the year ended December 31, 2024 names Duane E Hall.
Who are the officers and directors of CAROLINA DEALERSHIPS INC WELFARE BENEFIT TRUST?
The 990 for the year ended December 31, 2024 lists 3 people; 0 received compensation from the organization.
How much revenue does CAROLINA DEALERSHIPS INC WELFARE BENEFIT TRUST have?
On its 990 for the year ended December 31, 2024 it reported revenue of $30,077,676, expenses of $30,063,751 and total assets of $6,308,154 at year end.

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