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Nonprofit · EIN 58-1515861

CITY OF RALEIGH NORTH CAROLINA MEDICAL BENEFITS TRUST

Tax-exempt · BRENTWOOD, NY 11717

Financials

$98.6M$76M2023$66.5M$59.1M2024
Revenue Expenses · by fiscal year end
Financials of CITY OF RALEIGH NORTH CAROLINA MEDICAL BENEFITS TRUST by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
July 31, 2025990$66,517,487$59,110,389$7,407,098$33,714,668$0$33,714,668
July 31, 2024990$98,550,536$76,014,047$22,536,489$26,310,428$0$26,310,428
Financial details: 990 for the year ended July 31, 2025

Revenue

Contributions, gifts and grants
$0
Program service revenue
$65,104,260
Investment income
$1,377,569
Other revenue
$35,658

Expenses

Grants and similar amounts paid
$0
Benefits paid to members
$59,085,561
Compensation of officers, directors and key employees
$24,828
Salaries, compensation and benefits (total)
$24,828
Professional fundraising fees
$0
Program services (functional)
$59,110,389

Balance sheet and other

Total assets, start of year
$26,310,428
Total assets, end of year
$33,714,668
Total liabilities, end of year
$0
Net assets, end of year
$33,714,668
Gross receipts
$66,517,487
Employees
0
Year formed
2008
State of legal domicile
NC

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 July 31, 2025, highest compensation first.

NameTitleHours / weekCompensation
PRINCIPAL FINANCIAL GROUPTRUSTEE
Institutional trustee
–$24,828
990 for the year ended July 31, 2024: 1 people
NameTitleHours / weekCompensation
PRINCIPAL FINANCIAL GROUPTRUSTEE
Institutional trustee
–$45,056

Address and contacts

Address (IRS master file)
PO BOX 9006, BRENTWOOD, NY 11717-9006
In care of
% WACHOVIA
Principal officer (990 for 2024)
PRINCIPAL FINANCIAL GROUP, PO BOX 10316, DES MOINES, IA 50306
Signed the 990
PRINCIPAL BANK - PCS TAX, TRUSTEE
Phone
(602) 562-0883
Return prepared by
PWC US TAX LLP

Mission

VOLUNTARY EMPLOYEES' BENEFICIARY ASSOCIATION PROVIDING PAYMENT OF BENEFITS TO MEMBERS, DEPENDENTS, AND BENEFICIARIES

990 for the year ended July 31, 2025

Program accomplishments

  • VOLUNTARY EMPLOYEES' BENEFICIARY ASSOCIATION PROVIDING PAYMENT OF BENEFITS TO MEMBERS, DEPENDENTS, AND BENEFICIARIES

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 July, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025July 31, 2026December 15, 2026Not due yet
2024July 31, 2025December 15, 2025990 on file
2023July 31, 2024December 16, 2024990 on file

IRS record

EIN
58-1515861
Tax-exempt status
501(c)(9): Voluntary employees' beneficiary association
Donations deductible
No
Exempt since
1984
Accounting year ends
July
Files
Form 990 or 990-EZ
Assets (IRS master file)
$33,714,668
Income (IRS master file)
$66,517,487

Filing history

FormYear endedRevenueExpensesAssetsReturn
990July 2025$66,517,487$59,110,389$33,714,668XML
990July 2024$98,550,536$76,014,047$26,310,428XML
990July 2023$71,750,282$72,123,961$84,891,034IRS
990July 2022–––IRS
990July 2021–––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 58-1515861).

Questions about CITY OF RALEIGH NORTH CAROLINA MEDICAL BENEFITS TRUST

What is the EIN of CITY OF RALEIGH NORTH CAROLINA MEDICAL BENEFITS TRUST?
The employer identification number (EIN) of CITY OF RALEIGH NORTH CAROLINA MEDICAL BENEFITS TRUST is 58-1515861.
Is CITY OF RALEIGH NORTH CAROLINA MEDICAL BENEFITS TRUST tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(9) since 1984.
Are donations to CITY OF RALEIGH NORTH CAROLINA MEDICAL BENEFITS TRUST tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does CITY OF RALEIGH NORTH CAROLINA MEDICAL BENEFITS 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 CITY OF RALEIGH NORTH CAROLINA MEDICAL BENEFITS TRUST due?
The return for tax year 2025 (the year ending July 31, 2026) is due December 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did CITY OF RALEIGH NORTH CAROLINA MEDICAL BENEFITS TRUST last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended July 2025.
Who is the principal officer of CITY OF RALEIGH NORTH CAROLINA MEDICAL BENEFITS TRUST?
The 990 for the year ended July 31, 2025 names PRINCIPAL FINANCIAL GROUP.
Who are the officers and directors of CITY OF RALEIGH NORTH CAROLINA MEDICAL BENEFITS TRUST?
The 990 for the year ended July 31, 2025 lists 1 person; 1 received compensation from the organization, the highest $24,828 (PRINCIPAL FINANCIAL GROUP, TRUSTEE).
How much revenue does CITY OF RALEIGH NORTH CAROLINA MEDICAL BENEFITS TRUST have?
On its 990 for the year ended July 31, 2025 it reported revenue of $66,517,487, expenses of $59,110,389 and total assets of $33,714,668 at year end.

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