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Nonprofit · EIN 48-6173114

FARM CREDIT FOUNDATIONS WELFARE BENEFITS TRUST

Tax-exempt · SAINT PAUL, MN 55101

Financials

$205.2M$210.9M2023$231.8M$236.7M2024
Revenue Expenses · by fiscal year end
Financials of FARM CREDIT FOUNDATIONS WELFARE BENEFITS TRUST by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$231,757,891$236,658,996-$4,901,105$14,501,522$16,880,722-$2,379,200
December 31, 2023990$205,176,297$210,937,106-$5,760,809$16,421,770$13,899,865$2,521,905
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$231,042,359
Investment income
$715,532
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Benefits paid to members
$173,553,474
Compensation of officers, directors and key employees
$0
Salaries, compensation and benefits (total)
$50,777,778
Professional fundraising fees
$0
Legal fees
$7,264
Accounting fees
$49,350
Program services (functional)
$236,658,996

Balance sheet and other

Total assets, start of year
$16,421,770
Total assets, end of year
$14,501,522
Total liabilities, end of year
$16,880,722
Net assets, end of year
-$2,379,200
Gross receipts
$231,757,891
Employees
0
Year formed
1990
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, 2024, highest compensation first.

NameTitleHours / weekCompensation
KIM BRUNNEREXECUTIVE VP & CFO
Trustee or director
0.01$0
TIM KOCHEXECUTIVE VP BUSINESS DEVELOP
Trustee or director
0.01$0
JEFF MOORECFO
Trustee or director
0.01$0
JOHN PHELANCHIEF CR OFFICER
Trustee or director, Officer
0.01$0
BOB RHODESVP & GENERAL COUNSEL
Trustee or director
0.01$0
KEVIN SWAYNECEO
Trustee or director
0.01$0
HEATHER VIDOUREKCHIEF ADMIN OFFICER
Trustee or director, Officer
0.01$0
JASE WAGNERCEO
Trustee or director
0.01$0
ERIK PERSONExecutive Head of Enter Risk M
Trustee or director
0.01$0
990 for the year ended December 31, 2023: 9 people
NameTitleHours / weekCompensation
KIM BRUNNEREXECUTIVE VP & CFO
Trustee or director
0.01$0
TIM KOCHEXECUTIVE VP BUSINESS DEVELOP
Trustee or director
0.01$0
JEFF MOORECFO
Trustee or director
0.01$0
JOHN PHELANCHIEF CR OFFICER
Trustee or director
0.01$0
BOB RHODESVP & GENERAL COUNSEL
Trustee or director
0.01$0
JERRY ROSEEVP - CHIEF STRATEGY OFFICER
Trustee or director
0.01$0
KEVIN SWAYNECEO
Trustee or director
0.01$0
HEATHER VIDOUREKCHIEF ADMIN OFFICER
Trustee or director, Officer
0.01$0
JASE WAGNERCEO
Trustee or director, Officer
0.01$0

Address and contacts

Address (IRS master file)
30 7TH ST E STE 3000, SAINT PAUL, MN 55101-4966
In care of
% SUZANNE SMITH
Principal officer (990 for 2024)
TERESA HEATH-ALVA, 30 E 7th Street 3000, ST PAUL, MN 55101
Signed the 990
SUZANNE SMITH, VP EMPLOYEE BENEFITS
Phone
(651) 282-8365
Return prepared by
SUNSTREAM BUSINESS SERVICES

Mission

TO PROVIDE EMPLOYEE BENEFITS.

990 for the year ended December 31, 2024

Program accomplishments

  • TO PROVIDE HEALTH, LIFE AND DISABILITY BENEFITS TO MEMBERS
    Expenses $236,658,996

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
48-6173114
Tax-exempt status
501(c)(9): Voluntary employees' beneficiary association
Donations deductible
No
Exempt since
1972
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$14,501,522
Income (IRS master file)
$231,757,891

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$231,757,891$236,658,996$14,501,522IRS
990December 2023$205,176,297$210,937,106$16,421,770XML
990December 2022$190,444,638$197,996,193$25,396,278IRS
990December 2021–––IRS
990December 2020–––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 48-6173114).

Questions about FARM CREDIT FOUNDATIONS WELFARE BENEFITS TRUST

What is the EIN of FARM CREDIT FOUNDATIONS WELFARE BENEFITS TRUST?
The employer identification number (EIN) of FARM CREDIT FOUNDATIONS WELFARE BENEFITS TRUST is 48-6173114.
Is FARM CREDIT FOUNDATIONS WELFARE BENEFITS TRUST tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(9) since 1972.
Are donations to FARM CREDIT FOUNDATIONS WELFARE BENEFITS TRUST tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does FARM CREDIT FOUNDATIONS WELFARE BENEFITS 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 FARM CREDIT FOUNDATIONS WELFARE BENEFITS 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 FARM CREDIT FOUNDATIONS WELFARE BENEFITS 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 FARM CREDIT FOUNDATIONS WELFARE BENEFITS TRUST?
The 990 for the year ended December 31, 2024 names TERESA HEATH-ALVA.
Who are the officers and directors of FARM CREDIT FOUNDATIONS WELFARE BENEFITS TRUST?
The 990 for the year ended December 31, 2024 lists 9 people; 0 received compensation from the organization.
How much revenue does FARM CREDIT FOUNDATIONS WELFARE BENEFITS TRUST have?
On its 990 for the year ended December 31, 2024 it reported revenue of $231,757,891, expenses of $236,658,996 and total assets of $14,501,522 at year end.

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