Nonprofit · EIN 42-1294150
COOPERATIVE WELFARE BENEFITS FUND
Tax-exempt · WEST DES MOINES, IA 50266
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $65,296,631 | $64,783,316 | $513,315 | $20,591,860 | $9,192,643 | $11,399,217 |
| December 31, 2023 | 990 | $71,230,576 | $72,475,125 | -$1,244,549 | $20,314,913 | $9,572,951 | $10,741,962 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $63,972,662
- Investment income
- $716,918
- Net gain from sales of assets
- $180,055
- Other revenue
- $607,051
Expenses
- Grants and similar amounts paid
- $0
- Benefits paid to members
- $61,609,186
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $44,144
- Accounting fees
- $59,313
Balance sheet and other
- Total assets, start of year
- $20,314,913
- Total assets, end of year
- $20,591,860
- Total liabilities, end of year
- $9,192,643
- Net assets, end of year
- $11,399,217
- Publicly traded securities
- $13,061,310
- Gross unrelated business income
- $716,918
- Gross receipts
- $76,741,505
- Employees
- 0
- Volunteers
- 6
- Year formed
- 1987
- 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, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CARLA ELLIOTT | TRUSTEE Trustee or director | 1 | $0 |
| NANCY HUGHES | TRUSTEE Trustee or director | 1 | $0 |
| TODD NETTEN | TRUSTEE Trustee or director | 1 | $0 |
| CRAIG MOMMER | TRUSTEE Trustee or director | 1 | $0 |
| DIANE STREIT | TRUSTEE Trustee or director | 1 | $0 |
| RICK SMITHPETER | CHAIR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 8 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CARLA ELLIOTT | TRUSTEE Trustee or director | 1 | $0 |
| MONTE HAMILTON | TRUSTEE Trustee or director | 1 | $0 |
| NANCY HUGHES | TRUSTEE Trustee or director | 1 | $0 |
| TODD NETTEN | TRUSTEE Trustee or director | 1 | $0 |
| CRAIG MOMMER | TRUSTEE Trustee or director | 1 | $0 |
| KATHLEEN LYONS | TRUSTEE Trustee or director | 1 | $0 |
| DIANE STREIT | TRUSTEE Trustee or director | 1 | $0 |
| RICK SMITHPETER | CHAIR Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 1415 28TH STREET, WEST DES MOINES, IA 50266-1467
- In care of
- % ASSOCIATED BENEFITS CORPORATIONS
- Principal officer (990 for 2024)
- RICK SMITHPETER, 3880 S 149TH ST SUITE 107, OMAHA, NE 68144
- Signed the 990
- RICK SMITHPETER, BOARD OF TRUSTEES-CHAIR
- Phone
- (515) 226-0303
Mission
THE TRUST WAS ESTABLISHED TO PROVIDE FOR THE PAYMENT OF DEATH, DISABILITY, AD&D, DEPENDENT CARE AND MEDICAL BENEFITS, AND SUCH OTHER BENEFITS DESIGNED TO ENHANCE THE HEALTH AND WELFARE OF EMPLOYEES AND THEIR DEPENDENTS OF PARTICIPATING EMPLOYERS.
Program accomplishments
- PROVISION OF HEALTH AND WELFARE BENEFITS FOR EMPLOYEES AND DEPENDENTS 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 | 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
- 42-1294150
- Tax-exempt status
- 501(c)(9): Voluntary employees' beneficiary association
- Donations deductible
- No
- Exempt since
- 1989
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $20,591,860
- Income (IRS master file)
- $76,741,505
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $65,296,631 | $64,783,316 | $20,591,860 | XML |
| 990 | December 2023 | $71,230,576 | $72,475,125 | $20,314,913 | XML |
| 990 | December 2022 | $67,342,810 | $64,020,627 | $17,890,520 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 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 42-1294150).
Questions about COOPERATIVE WELFARE BENEFITS FUND
- What is the EIN of COOPERATIVE WELFARE BENEFITS FUND?
- The employer identification number (EIN) of COOPERATIVE WELFARE BENEFITS FUND is 42-1294150.
- Is COOPERATIVE WELFARE BENEFITS FUND tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(9) since 1989.
- Are donations to COOPERATIVE WELFARE BENEFITS FUND tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does COOPERATIVE WELFARE BENEFITS FUND 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 COOPERATIVE WELFARE BENEFITS FUND 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 COOPERATIVE WELFARE BENEFITS FUND 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 COOPERATIVE WELFARE BENEFITS FUND?
- The 990 for the year ended December 31, 2024 names RICK SMITHPETER.
- Who are the officers and directors of COOPERATIVE WELFARE BENEFITS FUND?
- The 990 for the year ended December 31, 2024 lists 6 people; 0 received compensation from the organization.
- How much revenue does COOPERATIVE WELFARE BENEFITS FUND have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $65,296,631, expenses of $64,783,316 and total assets of $20,591,860 at year end.
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