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IRS-authorized e-file provider · not the IRS

Nonprofit · EIN 26-0002371

PALMETTO GOODWILL SERVICES HEALTH AND WELFARE TRUST

Also known as BRANCH BANKING & TRUST CO TTEE

Tax-exempt · DALLAS, TX 75265

Financials

$1.9M$1.8M2023$5.4M$4.8M2024
Revenue Expenses · by fiscal year end
Financials of PALMETTO GOODWILL SERVICES HEALTH AND WELFARE TRUST by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$5,430,654$4,848,940$581,714$1,453,140$187,978$1,265,162
December 31, 2023990$1,912,136$1,831,823$80,313$788,813$0$788,813
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$5,392,562
Investment income
$38,092
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Benefits paid to members
$4,719,455
Compensation of officers, directors and key employees
$7,970
Salaries, compensation and benefits (total)
$7,970
Professional fundraising fees
$0
Accounting fees
$19,500
Program services (functional)
$4,806,681
Management and general (functional)
$42,259

Balance sheet and other

Total assets, start of year
$785,342
Total assets, end of year
$1,453,140
Total liabilities, end of year
$187,978
Net assets, end of year
$1,265,162
Gross receipts
$5,430,654
Employees
0
Year formed
2018
State of legal domicile
SC

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
BANKS OF AMERICAINSTITUTIONAL TRUSTEE
Institutional trustee
–$7,970
990 for the year ended December 31, 2023: 1 people
NameTitleHours / weekCompensation
BANKS OF AMERICAINSTITUTIONAL TRUSTEE
Institutional trustee
–$8,590

Address and contacts

Address (IRS master file)
PO BOX 653067, DALLAS, TX 75265-3067
Signed the 990
BANK OF AMERICA N A, MANAGING DIR
Phone
(888) 866-3275

Mission

TO PROVIDE CERTAIN GENERAL MEDICAL, DENTAL, VISION, LIFE INSURANCE,TEMPORARY DISABILITY, ACCIDENTAL DEATH AND DISABILITY, AND EMPLOYEE ASSISTANCE BENEFITS FOR ELIGIBLE EMPLOYEES OF THE COMPANY AND COVERED DEPENDENTS OF ELIGIBLE EMPLOYEES.

990 for the year ended December 31, 2024

Program accomplishments

  • EXPENSES AND PREMIUMS PAID FOR MEDICAL, DENTAL, VISION, ST DISABILITY, LT DISABILITY, LIFE INSURANCE, AND ACCIDENTAL DEATH AND DISABILITY
    Expenses $4,719,455 · revenue $5,392,562

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
26-0002371
Tax-exempt status
501(c)(9): Voluntary employees' beneficiary association
Donations deductible
No
Exempt since
2020
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$1,453,140
Income (IRS master file)
$5,430,654

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$5,430,654$4,848,940$1,453,140XML
990December 2023$1,912,136$1,831,823$788,813XML
990December 2022$1,456,044$1,829,062$795,138IRS
990December 2021$2,288,946$2,718,131$1,146,996IRS
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 26-0002371).

Questions about PALMETTO GOODWILL SERVICES HEALTH AND WELFARE TRUST

What is the EIN of PALMETTO GOODWILL SERVICES HEALTH AND WELFARE TRUST?
The employer identification number (EIN) of PALMETTO GOODWILL SERVICES HEALTH AND WELFARE TRUST is 26-0002371.
Is PALMETTO GOODWILL SERVICES HEALTH AND WELFARE TRUST tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(9) since 2020.
Are donations to PALMETTO GOODWILL SERVICES HEALTH AND WELFARE TRUST tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does PALMETTO GOODWILL SERVICES HEALTH AND WELFARE 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 PALMETTO GOODWILL SERVICES HEALTH AND WELFARE 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 PALMETTO GOODWILL SERVICES HEALTH AND WELFARE TRUST last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who are the officers and directors of PALMETTO GOODWILL SERVICES HEALTH AND WELFARE TRUST?
The 990 for the year ended December 31, 2024 lists 1 person; 1 received compensation from the organization, the highest $7,970 (BANKS OF AMERICA, INSTITUTIONAL TRUSTEE).
How much revenue does PALMETTO GOODWILL SERVICES HEALTH AND WELFARE TRUST have?
On its 990 for the year ended December 31, 2024 it reported revenue of $5,430,654, expenses of $4,848,940 and total assets of $1,453,140 at year end.

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