Nonprofit · EIN 27-0937295
IAM LOCAL 2848 FORD RETIREES VEBA TRUST
Tax-exempt · BRUNSWICK, OH 44212
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $680,202 | $827,033 | -$146,831 | $18,708,997 | $0 | $18,708,997 |
| December 31, 2023 | 990 | $367,683 | $936,992 | -$569,309 | $17,938,021 | $0 | $17,938,021 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $13,898
- Investment income
- $666,304
- Net gain from sales of assets
- $11,415
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Benefits paid to members
- $666,477
- Compensation of officers, directors and key employees
- $27,825
- Salaries, compensation and benefits (total)
- $27,825
- Professional fundraising fees
- $0
- Legal fees
- $770
- Accounting fees
- $22,700
- Occupancy
- $5,521
- Program services (functional)
- $827,033
Balance sheet and other
- Total assets, start of year
- $17,938,021
- Total assets, end of year
- $18,708,997
- Total liabilities, end of year
- $0
- Net assets, end of year
- $18,708,997
- Publicly traded securities
- $18,590,029
- Net assets with donor restrictions
- $18,708,997
- Gross receipts
- $1,398,297
- Employees
- 0
- Year formed
- 2009
- State of legal domicile
- OH
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.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LARRY W SHEPHERD | TRUSTEE Trustee or director | 5 | $5,150 |
| GEORGE BRITNELL | TRUSTEE Trustee or director | 5 | $4,850 |
| JARRY M TRACZ | TRUSTEE Trustee or director | 5 | $4,675 |
| RICKY S THUNBERG | COMMITTEE CH Trustee or director | 5 | $4,150 |
| DENNIS JONES | TRUSTEE Trustee or director | 5 | $3,800 |
| DAVID MEGENHARDT | COMMITTEE ME Trustee or director | 2 | $1,800 |
| GEORGE J LICHMAN | COMMITTEE ME Trustee or director | 2 | $1,800 |
| JOHN T ROSS | TRUSTEE Trustee or director | 5 | $1,600 |
990 for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LARRY W SHEPHERD | TRUSTEE Trustee or director | 5 | $4,350 |
| GEORGE BRITNELL | TRUSTEE Trustee or director | 5 | $4,225 |
| JARRY M TRACZ | TRUSTEE Trustee or director | 5 | $4,100 |
| RICKY S THUNBERG | COMMITTEE CH Trustee or director | 5 | $3,875 |
| DENNIS JONES | TRUSTEE Trustee or director | 5 | $3,850 |
| GEORGE J LICHMAN | COMMITTEE ME Trustee or director | 2 | $2,300 |
| DAVID MEGENHARDT | COMMITTEE ME Trustee or director | 2 | $2,150 |
Address and contacts
- Address (IRS master file)
- 1480 PEARL ROAD U-16, BRUNSWICK, OH 44212-3470
- In care of
- % TIMOTHY BRESNAHAN
- Principal officer (990 for 2024)
- RICKY S THUNBERG, 1480 PEARL ROAD U-16, BRUNSWICK, OH 442123470
- Signed the 990
- RICKY S THUNBERG, COMMITTEE CHAIRMAN
- Phone
- (330) 220-4340
- Return prepared by
- LPFG LLC
Mission
GROUP BENEFIT PLAN (VEBA) UNDER IRC SECTION 501(C)(9) AND APPLICABLE DOL REGULATIONS.
Program accomplishments
- THE TRUST IS AN EMPLOYEE BENEFIT PLAN ORGANIZED UNDER SECTION 501(C)(9). IT PROVIDES MEDICAL INSURANCE BENEFITS TO THE RETIREES OF THE INTERNATIONAL ASSOCIATION OF MACHINISTS LOCAL 2848 FORMERLY EMPLOYED BY FORD MOTOR COMPANY.Expenses $827,033
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 year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 27-0937295
- Tax-exempt status
- 501(c)(9): Voluntary employees' beneficiary association
- Donations deductible
- No
- Exempt since
- 2009
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Mutual and membership benefit (Y43)
- Assets (IRS master file)
- $18,708,997
- Income (IRS master file)
- $1,398,297
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $680,202 | $827,033 | $18,708,997 | XML |
| 990 | December 2023 | $367,683 | $936,992 | $17,938,021 | XML |
| 990 | December 2022 | $510,261 | $945,125 | $17,588,379 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 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 27-0937295).
Questions about IAM LOCAL 2848 FORD RETIREES VEBA TRUST
- What is the EIN of IAM LOCAL 2848 FORD RETIREES VEBA TRUST?
- The employer identification number (EIN) of IAM LOCAL 2848 FORD RETIREES VEBA TRUST is 27-0937295.
- Is IAM LOCAL 2848 FORD RETIREES VEBA TRUST tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(9) since 2009.
- Are donations to IAM LOCAL 2848 FORD RETIREES VEBA TRUST tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does IAM LOCAL 2848 FORD RETIREES VEBA 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 IAM LOCAL 2848 FORD RETIREES VEBA 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 IAM LOCAL 2848 FORD RETIREES VEBA 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 IAM LOCAL 2848 FORD RETIREES VEBA TRUST?
- The 990 for the year ended December 31, 2024 names RICKY S THUNBERG.
- Who are the officers and directors of IAM LOCAL 2848 FORD RETIREES VEBA TRUST?
- The 990 for the year ended December 31, 2024 lists 8 people; 8 received compensation from the organization, the highest $5,150 (LARRY W SHEPHERD, TRUSTEE).
- How much revenue does IAM LOCAL 2848 FORD RETIREES VEBA TRUST have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $680,202, expenses of $827,033 and total assets of $18,708,997 at year end.
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