Nonprofit · EIN 41-1294448
3M EMPLOYEES WELFARE BENEFITS ASSOCIATION TRUST I
Tax-exempt · ST PAUL, MN 55144
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $51,480,490 | $101,843,723 | -$50,363,233 | $81,557,494 | $5,108,584 | $76,448,910 |
| December 31, 2023 | 990 | $94,432,621 | $127,129,039 | -$32,696,418 | $173,301,287 | $14,035,645 | $159,265,642 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $5,672,017
- Investment income
- $37,256,626
- Net gain from sales of assets
- $32,927,690
- Other revenue
- $8,551,847
Expenses
- Grants and similar amounts paid
- $0
- Benefits paid to members
- $100,208,849
- Compensation of officers, directors and key employees
- $51,729
- Salaries, compensation and benefits (total)
- $51,729
- Professional fundraising fees
- $0
- Legal fees
- $36,344
- Accounting fees
- $94,672
Balance sheet and other
- Total assets, start of year
- $173,301,287
- Total assets, end of year
- $81,557,494
- Total liabilities, end of year
- $5,108,584
- Net assets, end of year
- $76,448,910
- Publicly traded securities
- $67,807,618
- Gross unrelated business income
- $11,932,821
- Gross receipts
- $51,480,490
- Employees
- 0
- Volunteers
- 0
- Year formed
- 1976
- State of legal domicile
- MA
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 |
|---|---|---|---|
| THE BANK OF NEW YORK MELLON | TRUSTEE Institutional trustee | 1 | $51,729 |
990 for the year ended December 31, 2023: 1 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| THE BANK OF NEW YORK MELLON | TRUSTEE Institutional trustee | 1 | $112,600 |
Address and contacts
- Address (IRS master file)
- 3M CENTER BLDG 223-2W-33, ST PAUL, MN 55144-1001
- In care of
- % JENNIFER SCHMIDT
- Principal officer (990 for 2024)
- THE BANK OF NEW YORK MELL, PO BOX 535007, PITTSBURGH, PA 152535007
- Signed the 990
- THE BANK OF NEW YORK MELLON, TRUSTEE
- Phone
- (651) 302-6523
- Return prepared by
- KPMG LLP
Mission
FINANCE HEALTH CARE BENEFITS PROVIDED TO RETIRED 3M EMPLOYEES.
Program accomplishments
- FINANCE HEALTH BENEFITS PROVIDED TO RETIRED 3M EMPLOYEES.0
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
- 41-1294448
- Tax-exempt status
- 501(c)(9): Voluntary employees' beneficiary association
- Donations deductible
- No
- Exempt since
- 1977
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Mutual and membership benefit (Y43)
- Assets (IRS master file)
- $81,557,494
- Income (IRS master file)
- $51,480,490
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $51,480,490 | $101,843,723 | $81,557,494 | IRS |
| 990 | December 2023 | $94,432,621 | $127,129,039 | $173,301,287 | XML |
| 990 | December 2022 | $29,921,658 | $97,473,329 | $284,178,091 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 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 41-1294448).
Questions about 3M EMPLOYEES WELFARE BENEFITS ASSOCIATION TRUST I
- What is the EIN of 3M EMPLOYEES WELFARE BENEFITS ASSOCIATION TRUST I?
- The employer identification number (EIN) of 3M EMPLOYEES WELFARE BENEFITS ASSOCIATION TRUST I is 41-1294448.
- Is 3M EMPLOYEES WELFARE BENEFITS ASSOCIATION TRUST I tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(9) since 1977.
- Are donations to 3M EMPLOYEES WELFARE BENEFITS ASSOCIATION TRUST I tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does 3M EMPLOYEES WELFARE BENEFITS ASSOCIATION TRUST I 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 3M EMPLOYEES WELFARE BENEFITS ASSOCIATION TRUST I 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 3M EMPLOYEES WELFARE BENEFITS ASSOCIATION TRUST I 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 3M EMPLOYEES WELFARE BENEFITS ASSOCIATION TRUST I?
- The 990 for the year ended December 31, 2024 names THE BANK OF NEW YORK MELL.
- Who are the officers and directors of 3M EMPLOYEES WELFARE BENEFITS ASSOCIATION TRUST I?
- The 990 for the year ended December 31, 2024 lists 1 person; 1 received compensation from the organization, the highest $51,729 (THE BANK OF NEW YORK MELLON, TRUSTEE).
- How much revenue does 3M EMPLOYEES WELFARE BENEFITS ASSOCIATION TRUST I have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $51,480,490, expenses of $101,843,723 and total assets of $81,557,494 at year end.
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