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Nonprofit · EIN 23-7259768

IBEW-NECA SOUTHWESTERN HEALTH BENEFIT FUND

Tax-exempt · DALLAS, TX 75244

Financials

$95.5M$97.9M2022$108.2M$105.3M2023$123.1M$133.2M2024
Revenue Expenses · by fiscal year end
Financials of IBEW-NECA SOUTHWESTERN HEALTH BENEFIT FUND by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
August 31, 2025990$123,099,813$133,177,360-$10,077,547$99,635,833$71,621,030$28,014,803
August 31, 2024990$108,226,886$105,265,146$2,961,740$96,474,761$58,382,411$38,092,350
August 31, 2023990$95,474,599$97,850,930-$2,376,331$84,636,966$49,506,356$35,130,610
Financial details: 990 for the year ended August 31, 2025

Revenue

Contributions, gifts and grants
$0
Program service revenue
$115,464,981
Investment income
$6,195,922
Net gain from sales of assets
$4,582,020
Other revenue
$1,438,910

Expenses

Grants and similar amounts paid
$0
Benefits paid to members
$128,498,204
Compensation of officers, directors and key employees
$0
Salaries, compensation and benefits (total)
$70,583
Professional fundraising fees
$0
Legal fees
$610,120
Accounting fees
$50,344
Program services (functional)
$128,498,204
Management and general (functional)
$4,679,156

Balance sheet and other

Total assets, start of year
$96,474,761
Total assets, end of year
$99,635,833
Total liabilities, end of year
$71,621,030
Net assets, end of year
$28,014,803
Publicly traded securities
$78,328,728
Gross receipts
$150,049,439
Employees
0
Year formed
1973
State of legal domicile
TX

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 August 31, 2025, highest compensation first.

NameTitleHours / weekCompensation
Kit BassMGMT TRUSTEE
Trustee or director
2$0
Dylan WoodardMGMT TRUSTEE
Trustee or director, Officer
2$0
Brian McFarlandMGMT TRUSTEE
Trustee or director
2$0
Mike TallisMGMT TRUSTEE
Trustee or director
2$0
David SanchezMGMT TRUSTEE
Trustee or director
2$0
MARK HUSTONMGMT TRUSTEE
Trustee or director
2$0
Michael LeonardIBEW TRUSTEE
Trustee or director
2$0
David CarrancoIBEW TRUSTEE
Trustee or director
2$0
Joshua DeSpainIBEW TRUSTEE
Trustee or director, Officer
2$0
Anthony CahillIBEW TRUSTEE
Trustee or director
2$0
Alfonso Martinez JrIBEW TRUSTEE
Trustee or director
2$0
Price Warwick IIIIBEW TRUSTEE
Trustee or director
2$0
990 for the year ended August 31, 2024: 12 people
NameTitleHours / weekCompensation
Kit BassMGMT TRUSTEE
Trustee or director, Officer
2$0
Dylan WoodardMGMT TRUSTEE
Trustee or director
2$0
Brian McFarlandMGMT TRUSTEE
Trustee or director
2$0
Mike TallisMGMT TRUSTEE
Trustee or director
2$0
David SanchezMGMT TRUSTEE
Trustee or director
2$0
MARK HUSTONMGMT TRUSTEE
Trustee or director
2$0
Michael LeonardIBEW TRUSTEE
Trustee or director
2$0
David CarrancoIBEW TRUSTEE
Trustee or director, Officer
2$0
Joshua DeSpainIBEW TRUSTEE
Trustee or director
2$0
Anthony CahillIBEW TRUSTEE
Trustee or director
2$0
Alfonso Martinez JrIBEW TRUSTEE
Trustee or director
2$0
Price Warwick IIIIBEW TRUSTEE
Trustee or director
2$0
990 for the year ended August 31, 2023: 12 people
NameTitleHours / weekCompensation
Bryan JonesMGMT TRUSTEE
Trustee or director
2$0
Ryan CourtneyMGMT TRUSTEE
Trustee or director
2$0
Duwayne HerrmannMGMT TRUSTEE
Trustee or director
2$0
Cindy FlowersMGMT TRUSTEE
Trustee or director
2$0
Maria GranoneMGMT TRUSTEE
Trustee or director
2$0
MARK HUSTONMGMT TRUSTEE
Trustee or director
2$0
Dewayne WilcoxIBEW TRUSTEE
Trustee or director
2$0
Justin BooneIBEW TRUSTEE
Trustee or director, Officer
2$0
Larry GriffinIBEW TRUSTEE
Trustee or director
2$0
Carl ConditIBEW TRUSTEE
Trustee or director
2$0
Nathan DeBerryIBEW TRUSTEE
Trustee or director
2$0
Karsten FrentrupIBEW TRUSTEE
Trustee or director
2$0

Address and contacts

Address (IRS master file)
4101 MCEWEN RD STE 600, DALLAS, TX 75244-5118
Principal officer (990 for 2024)
Josh DeSpain, 4040 McEwen Suite STE 600, Dallas, TX 75244
Signed the 990
Josh DeSpain, Chairman
Phone
(800) 527-0320
Return prepared by
Edwards and Leathers PC

Mission

To provide eligible electricians with health and welfare benefits.

990 for the year ended August 31, 2025

Program accomplishments

  • MEDICAL BENEFITS - The objective of this activity for the current period as well as the overall long term goal is to provide medical benefits to the eligible members of the plan and their beneficiaries
    Expenses $110,257,331
  • PERSCRIPTION PLAN
    Expenses $15,479,201
  • INSURANCE the overall long term is to provide Health coverage to the eligible members of the Plan and their beneficiaries
    Expenses $2,761,672

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 August, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025August 31, 2026January 15, 2027Not due yet
2024August 31, 2025January 15, 2026990 on file
2023August 31, 2024January 15, 2025990 on file

IRS record

EIN
23-7259768
Tax-exempt status
501(c)(9): Voluntary employees' beneficiary association
Donations deductible
No
Exempt since
1973
Accounting year ends
August
Files
Form 990 or 990-EZ
Assets (IRS master file)
$99,635,833
Income (IRS master file)
$150,049,439

Filing history

FormYear endedRevenueExpensesAssetsReturn
990August 2025$123,099,813$133,177,360$99,635,833XML
990August 2024$108,226,886$105,265,146$96,474,761XML
990August 2023$95,474,599$97,850,930$84,636,966XML
990August 2022$82,634,099$81,804,937$77,654,881IRS
990August 2021–––IRS
990August 2020–––IRS
990August 2019–––IRS
990August 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 23-7259768).

Questions about IBEW-NECA SOUTHWESTERN HEALTH BENEFIT FUND

What is the EIN of IBEW-NECA SOUTHWESTERN HEALTH BENEFIT FUND?
The employer identification number (EIN) of IBEW-NECA SOUTHWESTERN HEALTH BENEFIT FUND is 23-7259768.
Is IBEW-NECA SOUTHWESTERN HEALTH BENEFIT FUND tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(9) since 1973.
Are donations to IBEW-NECA SOUTHWESTERN HEALTH BENEFIT FUND tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does IBEW-NECA SOUTHWESTERN HEALTH BENEFIT FUND 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 IBEW-NECA SOUTHWESTERN HEALTH BENEFIT FUND due?
The return for tax year 2025 (the year ending August 31, 2026) is due January 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
When did IBEW-NECA SOUTHWESTERN HEALTH BENEFIT FUND last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended August 2025.
Who is the principal officer of IBEW-NECA SOUTHWESTERN HEALTH BENEFIT FUND?
The 990 for the year ended August 31, 2025 names Josh DeSpain.
Who are the officers and directors of IBEW-NECA SOUTHWESTERN HEALTH BENEFIT FUND?
The 990 for the year ended August 31, 2025 lists 12 people; 0 received compensation from the organization.
How much revenue does IBEW-NECA SOUTHWESTERN HEALTH BENEFIT FUND have?
On its 990 for the year ended August 31, 2025 it reported revenue of $123,099,813, expenses of $133,177,360 and total assets of $99,635,833 at year end.

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