Skip to main content
IRS-authorized e-file provider · not the IRS

Nonprofit · EIN 22-2677977

TRUSTCO BANK VEBA

Tax-exempt · GLENVILLE, NY 12302

Financials

$1.1M$573K2023$1.4M$720K2024
Revenue Expenses · by fiscal year end
Financials of TRUSTCO BANK VEBA by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$1,388,162$720,135$668,027$40,497,431$467,347$40,030,084
December 31, 2023990$1,115,923$573,399$542,524$35,352,134$397,021$34,955,113
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$121,777
Investment income
$1,266,385
Net gain from sales of assets
$241,310
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Benefits paid to members
$182,064
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0

Balance sheet and other

Total assets, start of year
$35,352,134
Total assets, end of year
$40,497,431
Total liabilities, end of year
$467,347
Net assets, end of year
$40,030,084
Publicly traded securities
$37,777,801
Net assets without donor restrictions
$40,030,084
Gross unrelated business income
$1,255,367
Gross receipts
$14,257,830
Employees
0
Volunteers
0
Year formed
1985
State of legal domicile
NY

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
TRUSTCO BANK NATIONAL ASSOCIATIONTRUSTEE
Institutional trustee
1$0
990 for the year ended December 31, 2023: 1 people
NameTitleHours / weekCompensation
TRUSTCO BANK NATIONAL ASSOCIATIONTRUSTEE
Institutional trustee
1$0

Address and contacts

Address (IRS master file)
5 SARNOWSKI DR, GLENVILLE, NY 12302-3503
Principal officer (990 for 2024)
None
Signed the 990
Michael M Ozimek, Trustco Bank EVP & CFO
Phone
(518) 381-3602
Return prepared by
CROWE LLP

Mission

THE TRUSTCO BANK EMPLOYEE BENEFITS TRUST PROVIDES HEALTH AND WELFARE BENEFITS TO EMPLOYEES OF TRUSTCO BANK. THE BENEFITS ASSOCIATED WITH THE TRUST INCLUDE DENTAL INSURANCE, POST RETIREMENT MEDICAL INSURANCE, AND DEATH BENEFITS.

990 for the year ended December 31, 2024

Program accomplishments

  • THE TRUSTCO BANK EMPLOYEE BENEFITS TRUST PROVIDES HEALTH AND WELFARE BENEFITS TO EMPLOYEES OF TRUSTCO BANK. THE BENEFITS ASSOCIATED WITH THE TRUST INCLUDE DENTAL INSURANCE, POST RETIREMENT MEDICAL INSURANCE, AND DEATH BENEFITS.

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
22-2677977
Tax-exempt status
501(c)(9): Voluntary employees' beneficiary association
Donations deductible
No
Exempt since
1988
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$40,497,431
Income (IRS master file)
$14,257,830

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$1,388,162$720,135$40,497,431XML
990December 2023$1,115,923$573,399$35,352,134XML
990December 2022$922,188$453,977$30,919,168IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––IRS
990December 2017–––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 22-2677977).

Questions about TRUSTCO BANK VEBA

What is the EIN of TRUSTCO BANK VEBA?
The employer identification number (EIN) of TRUSTCO BANK VEBA is 22-2677977.
Is TRUSTCO BANK VEBA tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(9) since 1988.
Are donations to TRUSTCO BANK VEBA tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does TRUSTCO BANK VEBA 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 TRUSTCO BANK VEBA 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 TRUSTCO BANK VEBA 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 TRUSTCO BANK VEBA?
The 990 for the year ended December 31, 2024 names None.
Who are the officers and directors of TRUSTCO BANK VEBA?
The 990 for the year ended December 31, 2024 lists 1 person; 0 received compensation from the organization.
How much revenue does TRUSTCO BANK VEBA have?
On its 990 for the year ended December 31, 2024 it reported revenue of $1,388,162, expenses of $720,135 and total assets of $40,497,431 at year end.

Other nonprofits in GLENVILLE

All nonprofits in GLENVILLE · New York