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Nonprofit · EIN 71-0648175

ARVEST BANK GROUP EMPLOYEES HEALTH BENEFIT TRUST

Tax-exempt · LOWELL, AR 72745

Financials

$51.3M$55.1M2023$64.1M$67M2024
Revenue Expenses · by fiscal year end
Financials of ARVEST BANK GROUP EMPLOYEES HEALTH BENEFIT TRUST by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$64,080,706$67,046,091-$2,965,385$2,740,588$0$2,740,588
December 31, 2023990$51,282,279$55,085,818-$3,803,539$5,705,973$0$5,705,973
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$62,601,725
Investment income
$235,274
Other revenue
$1,243,707

Expenses

Grants and similar amounts paid
$0
Benefits paid to members
$48,859,726
Compensation of officers, directors and key employees
$0
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Program services (functional)
$62,658,609
Management and general (functional)
$4,387,482

Balance sheet and other

Total assets, start of year
$5,705,973
Total assets, end of year
$2,740,588
Total liabilities, end of year
$0
Net assets, end of year
$2,740,588
Gross receipts
$64,080,706
Employees
0
Volunteers
5
Year formed
1986
State of legal domicile
AR

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
MICHELLE VAN SCHENCKTRUSTEE
Trustee or director, Officer
0.2$0
TAMMY ENGLETRUSTEE
Trustee or director, Officer
0.2$0
Kimberly SwieterTRUSTEE
Trustee or director, Officer
0.2$0
ANN FITETRUSTEE
Trustee or director, Officer
0.2$0
Carolyn KennedyTRUSTEE
Trustee or director, Officer
0.2$0
990 for the year ended December 31, 2023: 5 people
NameTitleHours / weekCompensation
MICHELLE VAN SCHENCKTRUSTEE
Trustee or director, Officer
0.2$0
TAMMY ENGLETRUSTEE
Trustee or director, Officer
0.2$0
Kimberly SwieterTRUSTEE
Trustee or director, Officer
0.2$0
ANN FITETRUSTEE
Trustee or director, Officer
0.2$0
Carolyn KennedyTRUSTEE
Trustee or director, Officer
0.2$0

Address and contacts

Address (IRS master file)
PO BOX 2136, LOWELL, AR 72745-2136
In care of
% MICHELLE VAN SCHENCK ARVEST
Principal officer (990 for 2024)
MICHELLE VAN SCHENCK, PO BOX 2136, LOWELL, AR 72745
Signed the 990
MICHELLE VAN SCHENCK, TRUSTEE
Phone
(479) 750-6080

Mission

TO RECEIVE CONTRIBUTIONS FROM ITS EMPLOYEES AND TO PROVIDE HEALTH BENEFITS TO SUCH EMPLOYEES AND THEIR DEPENDENTS

990 for the year ended December 31, 2024

Program accomplishments

  • HEALTH CARE BENEFITS WERE PROVIDED TO BENEFICIARIES OF THE ARVEST BANK GROUP EMPLOYEES HEALTH BENEFIT TRUST. A TOTAL OF 6,397 EMPLOYEES AND THEIR DEPENDENTS WERE COVERED UNDER THE TRUST AS OF 12/31/24.
    Expenses $67,046,091

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
71-0648175
Tax-exempt status
501(c)(9): Voluntary employees' beneficiary association
Donations deductible
No
Exempt since
1988
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$2,740,588
Income (IRS master file)
$64,080,706

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$64,080,706$67,046,091$2,740,588XML
990December 2023$51,282,279$55,085,818$5,705,973XML
990December 2022$49,904,097$48,572,710$9,509,512IRS
990December 2021–––IRS
990December 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 71-0648175).

Questions about ARVEST BANK GROUP EMPLOYEES HEALTH BENEFIT TRUST

What is the EIN of ARVEST BANK GROUP EMPLOYEES HEALTH BENEFIT TRUST?
The employer identification number (EIN) of ARVEST BANK GROUP EMPLOYEES HEALTH BENEFIT TRUST is 71-0648175.
Is ARVEST BANK GROUP EMPLOYEES HEALTH BENEFIT TRUST tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(9) since 1988.
Are donations to ARVEST BANK GROUP EMPLOYEES HEALTH BENEFIT TRUST tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does ARVEST BANK GROUP EMPLOYEES HEALTH 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 ARVEST BANK GROUP EMPLOYEES HEALTH 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 ARVEST BANK GROUP EMPLOYEES HEALTH 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 ARVEST BANK GROUP EMPLOYEES HEALTH BENEFIT TRUST?
The 990 for the year ended December 31, 2024 names MICHELLE VAN SCHENCK.
Who are the officers and directors of ARVEST BANK GROUP EMPLOYEES HEALTH BENEFIT TRUST?
The 990 for the year ended December 31, 2024 lists 5 people; 0 received compensation from the organization.
How much revenue does ARVEST BANK GROUP EMPLOYEES HEALTH BENEFIT TRUST have?
On its 990 for the year ended December 31, 2024 it reported revenue of $64,080,706, expenses of $67,046,091 and total assets of $2,740,588 at year end.

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