Nonprofit · EIN 36-3282351
FEDERAL EXPRESS CORPORATION WAGE CONTINUATION TRUST
Tax-exempt · COLLIERVILLE, TN 38017
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| May 31, 2025 | 990 | $40,174,454 | $39,954,619 | $219,835 | $213,147 | $0 | $213,147 |
| May 31, 2024 | 990 | $37,090,678 | $37,854,445 | -$763,767 | $168,441 | $175,129 | -$6,688 |
| May 31, 2023 | 990 | $93,928,205 | $92,134,839 | $1,793,366 | $2,295,570 | $1,538,491 | $757,079 |
Financial details: 990 for the year ended May 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $40,071,247
- Investment income
- $6,000
- Other revenue
- $97,207
Expenses
- Grants and similar amounts paid
- $0
- Benefits paid to members
- $39,717,011
- Compensation of officers, directors and key employees
- $370
- Salaries, compensation and benefits (total)
- $370
- Professional fundraising fees
- $0
- Program services (functional)
- $39,717,011
- Management and general (functional)
- $237,608
Balance sheet and other
- Total assets, start of year
- $168,441
- Total assets, end of year
- $213,147
- Total liabilities, end of year
- $0
- Net assets, end of year
- $213,147
- Publicly traded securities
- $35,349
- Net assets without donor restrictions
- $213,147
- Gross receipts
- $40,174,454
- Employees
- 0
- Volunteers
- 0
- Year formed
- 1978
- State of legal domicile
- MA
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 May 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| STATE STREET GLOBAL SERVICES | INSTITUTIONAL TRUSTEE Institutional trustee | 0 | $370 |
990 for the year ended May 31, 2024: 1 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| STATE STREET GLOBAL SERVICES | INSTITUTIONAL TRUSTEE Institutional trustee | 0 | $395 |
990 for the year ended May 31, 2023: 1 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| STATE STREET GLOBAL SERVICES | INSTITUTIONAL TRUSTEE Institutional trustee | 0 | $1,015 |
Address and contacts
- Address (IRS master file)
- 70 FEDEX PARKWAY 2ND FLOOR VERTICAL, COLLIERVILLE, TN 38017-8711
- In care of
- % DAVID SALERNO
- Principal officer (990 for 2024)
- DAVID SALERNO, 1776 HERITAGE DRIVE 3RD FLOOR, NORTH QUINCY, MA 02171
- Signed the 990
- DAVID SALERNO, TRUST OFFICER
- Phone
- (617) 662-2133
- Return prepared by
- PwC US Tax LLP
Mission
THIS FEDERAL EXPRESS CORPORATION TRUST PROVIDES DISABILITY PAYMENTS TO ELIGIBLE EMPLOYEES.
Program accomplishments
- EXPENSES RELATED TO THE ACCOMPLISHMENT OF THE TRUST'S PRIMARY EXEMPT PURPOSE.Expenses $39,717,011 · revenue $40,071,247
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 May, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | May 31, 2026 | October 15, 2026 | Not on file |
| 2024 | May 31, 2025 | October 15, 2025 | 990 on file |
| 2023 | May 31, 2024 | October 15, 2024 | 990 on file |
IRS record
- EIN
- 36-3282351
- Tax-exempt status
- 501(c)(9): Voluntary employees' beneficiary association
- Donations deductible
- No
- Exempt since
- 1978
- Accounting year ends
- May
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $213,147
- Income (IRS master file)
- $40,174,454
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | May 2025 | $40,174,454 | $39,954,619 | $213,147 | XML |
| 990 | May 2024 | $37,090,678 | $37,854,445 | $168,441 | XML |
| 990 | May 2023 | $93,928,205 | $92,134,839 | $2,295,570 | XML |
| 990 | May 2022 | $82,936,752 | $88,759,701 | $1,372,581 | IRS |
| 990 | May 2021 | – | – | – | IRS |
| 990 | May 2020 | – | – | – | IRS |
| 990 | May 2019 | – | – | – | IRS |
| 990 | May 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 36-3282351).
Questions about FEDERAL EXPRESS CORPORATION WAGE CONTINUATION TRUST
- What is the EIN of FEDERAL EXPRESS CORPORATION WAGE CONTINUATION TRUST?
- The employer identification number (EIN) of FEDERAL EXPRESS CORPORATION WAGE CONTINUATION TRUST is 36-3282351.
- Is FEDERAL EXPRESS CORPORATION WAGE CONTINUATION TRUST tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(9) since 1978.
- Are donations to FEDERAL EXPRESS CORPORATION WAGE CONTINUATION TRUST tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does FEDERAL EXPRESS CORPORATION WAGE CONTINUATION 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 FEDERAL EXPRESS CORPORATION WAGE CONTINUATION TRUST due?
- The return for tax year 2025 (the year ending May 31, 2026) is due October 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did FEDERAL EXPRESS CORPORATION WAGE CONTINUATION TRUST last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended May 2025.
- Who is the principal officer of FEDERAL EXPRESS CORPORATION WAGE CONTINUATION TRUST?
- The 990 for the year ended May 31, 2025 names DAVID SALERNO.
- Who are the officers and directors of FEDERAL EXPRESS CORPORATION WAGE CONTINUATION TRUST?
- The 990 for the year ended May 31, 2025 lists 1 person; 1 received compensation from the organization, the highest $370 (STATE STREET GLOBAL SERVICES, INSTITUTIONAL TRUSTEE).
- How much revenue does FEDERAL EXPRESS CORPORATION WAGE CONTINUATION TRUST have?
- On its 990 for the year ended May 31, 2025 it reported revenue of $40,174,454, expenses of $39,954,619 and total assets of $213,147 at year end.
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