Nonprofit · EIN 42-1122086
IOWA BANKERS BENEFIT PLAN
Tax-exempt · JOHNSTON, IA 50131
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $163,544,203 | $148,702,694 | $14,841,509 | $151,636,739 | $24,162,577 | $127,474,162 |
| December 31, 2024 | 990 | $165,108,526 | $139,134,513 | $25,974,013 | $125,737,652 | $19,403,701 | $106,333,951 |
| December 31, 2023 | 990 | $166,591,333 | $148,200,821 | $18,390,512 | $101,059,666 | $24,341,486 | $76,718,180 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $159,597,542
- Investment income
- $3,946,661
- Net gain from sales of assets
- -$315,146
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Benefits paid to members
- $140,246,767
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $157,224
Balance sheet and other
- Total assets, start of year
- $125,737,652
- Total assets, end of year
- $151,636,739
- Total liabilities, end of year
- $24,162,577
- Net assets, end of year
- $127,474,162
- Publicly traded securities
- $104,542,347
- Gross unrelated business income
- $3,946,661
- Gross receipts
- $175,309,923
- Employees
- 0
- Volunteers
- 0
- Year formed
- 1978
- State of legal domicile
- IA
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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| CHAD ELLSWORTH | CHIEF ADMIN OFFICER (IBIS) Key employee | 5 | $0 | $423,133 | $79,671 |
| BRAD BECKER END 925 | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| DAVID COULTER | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| JAMES KENNEDY JR | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| JENNIFER HANSEN | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| JOSHUA GUTTAU | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| MICHAEL UNDERWOOD | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| PAUL WALZ | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| SEAN NOONAN | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended December 31, 2024: 9 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| CHAD ELLSWORTH | CHIEF ADMIN OFFICER (IBIS) Key employee | 5 | $0 | $405,064 | $68,945 |
| BRAD BECKER | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| DAVID COULTER | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| JAMES KENNEDY JR | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| JOSHUA GUTTAU | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| MICHAEL UNDERWOOD | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| PAUL WALZ | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| SEAN NOONAN | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| JENNIFER HANSON | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended December 31, 2023: 9 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| CHAD ELLSWORTH | CHIEF ADMIN OFFICER (IBIS) Key employee | 5 | $0 | $387,322 | $95,603 |
| ALEX OPONSKI END 923 | CHAIRMAN Trustee or director | 1 | $0 | $0 | $0 |
| DAVID COULTER | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| JAMES KENNEDY JR | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| JOSHUA GUTTAU | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| MARQUES DOPPLER END 823 | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| MICHAEL UNDERWOOD | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| PAUL WALZ | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| SEAN NOONAN | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 6200, JOHNSTON, IA 50131-6200
- In care of
- % MITCH VAN KLEY
- Principal officer (990 for 2025)
- CHAD J ELLSWORTH, 8901 NORTHPARK DRIVE PO BOX 6200, JOHNSTON, IA 501316200
- Signed the 990
- CHAD J ELLSWORTH, CHIEF ADMIN OFFICER (IBIS)
- Phone
- (515) 286-4300
- Return prepared by
- DELOITTE TAX LLP
Mission
THE IBBP TRUST WAS ESTABLISHED TO PROVIDE GROUP HEALTH INSURANCE, GROUP LIFE INSURANCE, AND LONG-TERM AND SHORT-TERM DISABILITY INSURANCE COVERAGE TO SUBSTANTIALLY ALL EMPLOYEES OF PARTICIPATING EMPLOYERS.
Program accomplishments
- PROVISION OF HEALTH & WELFARE BENEFITS FOR EMPLOYEES OF PARTICIPATING EMPLOYERS.
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 | 990 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
- 42-1122086
- 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)
- $151,636,739
- Income (IRS master file)
- $175,309,923
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $163,544,203 | $148,702,694 | $151,636,739 | XML |
| 990 | December 2024 | $165,108,526 | $139,134,513 | $125,737,652 | XML |
| 990 | December 2023 | $166,591,333 | $148,200,821 | $101,059,666 | XML |
| 990 | December 2022 | $171,317,668 | $145,291,275 | $80,558,458 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | 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 42-1122086).
Questions about IOWA BANKERS BENEFIT PLAN
- What is the EIN of IOWA BANKERS BENEFIT PLAN?
- The employer identification number (EIN) of IOWA BANKERS BENEFIT PLAN is 42-1122086.
- Is IOWA BANKERS BENEFIT PLAN tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(9) since 1979.
- Are donations to IOWA BANKERS BENEFIT PLAN tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does IOWA BANKERS BENEFIT PLAN 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 IOWA BANKERS BENEFIT PLAN due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did IOWA BANKERS BENEFIT PLAN last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of IOWA BANKERS BENEFIT PLAN?
- The 990 for the year ended December 31, 2025 names CHAD J ELLSWORTH.
- Who are the officers and directors of IOWA BANKERS BENEFIT PLAN?
- The 990 for the year ended December 31, 2025 lists 9 people; 0 received compensation from the organization.
- How much revenue does IOWA BANKERS BENEFIT PLAN have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $163,544,203, expenses of $148,702,694 and total assets of $151,636,739 at year end.
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