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Nonprofit · EIN 41-1340042

WELLS FARGO & COMPANY EMPLOYEE BENEFIT TRUST

Tax-exempt · DES MOINES, IA 50306

Financials

$2.5B$2.6B2023$2.7B$2.7B2024
Revenue Expenses · by fiscal year end
Financials of WELLS FARGO & COMPANY EMPLOYEE BENEFIT TRUST by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$2,670,190,347$2,653,497,605$16,692,742$14,146,382$0$14,146,382
December 31, 2023990$2,546,117,456$2,568,229,545-$22,112,089$1,778,994$4,325,354-$2,546,360
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$2,665,476,051
Investment income
$4,714,296
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Benefits paid to members
$2,325,596,682
Compensation of officers, directors and key employees
$0
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Program services (functional)
$2,653,497,605

Balance sheet and other

Total assets, start of year
$1,778,994
Total assets, end of year
$14,146,382
Total liabilities, end of year
$0
Net assets, end of year
$14,146,382
Gross receipts
$2,670,190,347
Employees
0
Year formed
1979
State of legal domicile
MN

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
Principal Financial GroupInstitutional Trustee
Institutional trustee
–$0
990 for the year ended December 31, 2023: 1 people
NameTitleHours / weekCompensation
Principal Financial GroupInstitutional Trustee
Institutional trustee
–$0

Address and contacts

Address (IRS master file)
PO BOX 10370, DES MOINES, IA 50306-0370
Principal officer (990 for 2024)
Jeff Roy, PO Box PO Box 10370, Des Moines, IA 503060370
Signed the 990
Jeff Roy, Assistant Consulting Director
Phone
(980) 221-0098
Return prepared by
Jeffrey S Polinchock CPA

Mission

The trust was established to provide employee benefits to eligible employees on Wells Fargo including medical, dental, and vision benefits.

990 for the year ended December 31, 2024

Program accomplishments

  • The exempt purpose is to provide medical, dental and vision benefits to active employees of Wells Fargo and Co.
    Expenses $2,653,497,605 · revenue $2,670,190,347

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
41-1340042
Tax-exempt status
501(c)(9): Voluntary employees' beneficiary association
Donations deductible
No
Exempt since
1979
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$14,146,382
Income (IRS master file)
$2,670,190,347

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$2,670,190,347$2,653,497,605$14,146,382XML
990December 2023$2,546,117,456$2,568,229,545$1,778,994XML
990December 2022$2,583,732,474$2,576,947,413$19,565,729IRS
990December 2021–––IRS
990December 2020–––IRS
990December 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 41-1340042).

Questions about WELLS FARGO & COMPANY EMPLOYEE BENEFIT TRUST

What is the EIN of WELLS FARGO & COMPANY EMPLOYEE BENEFIT TRUST?
The employer identification number (EIN) of WELLS FARGO & COMPANY EMPLOYEE BENEFIT TRUST is 41-1340042.
Is WELLS FARGO & COMPANY EMPLOYEE BENEFIT TRUST tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(9) since 1979.
Are donations to WELLS FARGO & COMPANY EMPLOYEE BENEFIT TRUST tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does WELLS FARGO & COMPANY EMPLOYEE BENEFIT 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 WELLS FARGO & COMPANY EMPLOYEE BENEFIT 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 WELLS FARGO & COMPANY EMPLOYEE BENEFIT 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 WELLS FARGO & COMPANY EMPLOYEE BENEFIT TRUST?
The 990 for the year ended December 31, 2024 names Jeff Roy.
Who are the officers and directors of WELLS FARGO & COMPANY EMPLOYEE BENEFIT TRUST?
The 990 for the year ended December 31, 2024 lists 1 person; 0 received compensation from the organization.
How much revenue does WELLS FARGO & COMPANY EMPLOYEE BENEFIT TRUST have?
On its 990 for the year ended December 31, 2024 it reported revenue of $2,670,190,347, expenses of $2,653,497,605 and total assets of $14,146,382 at year end.

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