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Nonprofit · EIN 41-1605340

FIRST STATE BANK EMPLOYEE BNFCRY ASSOC HLTH & WLFR BNFTS TR

Tax-exempt · BAYPORT, MN 55003

Financials

$123K$02023$231K$02024$65K$02025
Revenue Expenses · by fiscal year end
Financials of FIRST STATE BANK EMPLOYEE BNFCRY ASSOC HLTH & WLFR BNFTS TR by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2025990$65,262$0$65,262$1,972,682$0$1,972,682
December 31, 2024990$231,341$0$231,341$1,785,100$0$1,785,100
December 31, 2023990$123,246$0$123,246$1,600,991$0$1,600,991
Financial details: 990 for the year ended December 31, 2025

Revenue

Contributions, gifts and grants
$0
Program service revenue
$0
Investment income
$65,262
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0

Balance sheet and other

Total assets, start of year
$1,785,100
Total assets, end of year
$1,972,682
Total liabilities, end of year
$0
Net assets, end of year
$1,972,682
Publicly traded securities
$1,972,682
Net assets without donor restrictions
$1,972,682
Gross receipts
$65,262
Employees
0
Volunteers
0
Year formed
1987
State of legal domicile
MN

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, 2025, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
FIRST STATE BANK AND TRUSTTRUSTEE
Institutional trustee
1$0$17,687
PETER MATZEKCFO
Officer
1$0$0
CHAD A FETTPRESIDENT - TRUST
Officer
1$0$0
JASON HOWARDPRESIDENT
Officer
1$0$0
990 for the year ended December 31, 2024: 4 people
NameTitleHours / weekCompensationOther / benefits
FIRST STATE BANK AND TRUSTTRUSTEE
Institutional trustee
1$0$16,402
PETER MATZEKCFO
Officer
1$0$0
CHAD A FETTPRESIDENT - TRUST
Officer
1$0$0
JASON HOWARDPRESIDENT
Officer
1$0$0
990 for the year ended December 31, 2023: 4 people
NameTitleHours / weekCompensation
FIRST STATE BANK AND TRUSTTRUSTEE
Institutional trustee
0$0
PETER MATZEKCFO
Officer
0$0
CHAD A FETTPRESIDENT - TRUST
Officer
0$0
JASON HOWARDPRESIDENT
Officer
0$0

Address and contacts

Address (IRS master file)
950 HIGHWAY 95 N, BAYPORT, MN 55003-1014
Principal officer (990 for 2025)
CHAD A FETT, 950 HWY 95 N, BAYPORT, MN 55003
Signed the 990
CHAD A FETT, TRUST PRESIDENT
Phone
(651) 351-3760
Return prepared by
FIRST STATE BANK AND TRUST

Mission

PAYMENT OF NON-KEY EMPLOYEE RETIREE HEALTH AND LIFE INSURANCE POLICY PREMIUMS.

990 for the year ended December 31, 2025

Program accomplishments

  • PAYMENT OF NON-KEY EMPLOYEE RETIREE HEALTH AND LIFE INSURANCE POLICY PREMIUMS.

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, 2026990 on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
41-1605340
Tax-exempt status
501(c)(9): Voluntary employees' beneficiary association
Donations deductible
No
Exempt since
1989
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$1,972,682
Income (IRS master file)
$65,262

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2025$65,262$0$1,972,682IRS
990December 2024$231,341$0$1,785,100IRS
990December 2023$123,246$0$1,600,991XML
990December 2022$49,855$0$1,365,285IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2019–––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 41-1605340).

Questions about FIRST STATE BANK EMPLOYEE BNFCRY ASSOC HLTH & WLFR BNFTS TR

What is the EIN of FIRST STATE BANK EMPLOYEE BNFCRY ASSOC HLTH & WLFR BNFTS TR?
The employer identification number (EIN) of FIRST STATE BANK EMPLOYEE BNFCRY ASSOC HLTH & WLFR BNFTS TR is 41-1605340.
Is FIRST STATE BANK EMPLOYEE BNFCRY ASSOC HLTH & WLFR BNFTS TR tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(9) since 1989.
Are donations to FIRST STATE BANK EMPLOYEE BNFCRY ASSOC HLTH & WLFR BNFTS TR tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does FIRST STATE BANK EMPLOYEE BNFCRY ASSOC HLTH & WLFR BNFTS TR 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 FIRST STATE BANK EMPLOYEE BNFCRY ASSOC HLTH & WLFR BNFTS TR due?
The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
When did FIRST STATE BANK EMPLOYEE BNFCRY ASSOC HLTH & WLFR BNFTS TR last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2025.
Who is the principal officer of FIRST STATE BANK EMPLOYEE BNFCRY ASSOC HLTH & WLFR BNFTS TR?
The 990 for the year ended December 31, 2025 names CHAD A FETT.
Who are the officers and directors of FIRST STATE BANK EMPLOYEE BNFCRY ASSOC HLTH & WLFR BNFTS TR?
The 990 for the year ended December 31, 2025 lists 4 people; 0 received compensation from the organization.
How much revenue does FIRST STATE BANK EMPLOYEE BNFCRY ASSOC HLTH & WLFR BNFTS TR have?
On its 990 for the year ended December 31, 2025 it reported revenue of $65,262, expenses of $0 and total assets of $1,972,682 at year end.

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