Mid-America Agri-Industries Voluntary Employees Beneficiary is located in Sioux City, IA. The organization was established in 1996. According to its NTEE Classification (J32) the organization is classified as: Goodwill Industries, under the broad grouping of Employment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mid-America Agri-Industries Voluntary Employees Beneficiary is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.
For the year ending 11/2020, Mid-America Agri-Industries Voluntary Employees Beneficiary generated $11.8m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.3% each year. All expenses for the organization totaled $11.8m during the year ending 11/2020. While expenses have increased by 1.4% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
MID-AMERICA AGRI-INDUSTRIES VEBA IS ORGANIZED PURSUANT TO I.R.C SEC. 501(C)(9) TO ESTABLISH AND MAINTAIN A WELFARE BENEFIT OF THE PLAN TO PROVIDE LIFE, SICKNESS, ACCIDENT AND OTHER BENEFITS FOR THE EXCLUSIVE BENEFIT OF THE PLAN PARTICIPANTS AND THEIR BENEFICIARIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INSURANCE PREMIUMS PAID FOR HEALTH BENEFITS
HEALTH CLAIMS PAID.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Julie Smith Secretary | OfficerTrustee | 1 | $0 |
Keith Dostal President | OfficerTrustee | 1 | $0 |
Wade Netten Trustee | OfficerTrustee | 1 | $0 |
Mike Carroll Trustee | OfficerTrustee | 1 | $0 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
Investment income | $109 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $11,751,713 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic individuals. | $0 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $11,554,081 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $0 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $0 |
Fees for services: Management | $0 |
Fees for services: Legal | $185 |
Fees for services: Accounting | $6,250 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $0 |
Office expenses | $0 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $4,800 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $0 |
Insurance | $26,976 |
All other expenses | $0 |
Total functional expenses | $11,817,064 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $291,332 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $67,332 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $337 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $359,001 |
Accounts payable and accrued expenses | $6,250 |
Grants payable | $0 |
Deferred revenue | $0 |
Tax-exempt bond liabilities | $0 |
Escrow or custodial account liability | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $0 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $127,683 |
Total liabilities | $133,933 |
Net assets without donor restrictions | $0 |
Net assets with donor restrictions | $0 |
Capital stock or trust principal, or current funds | $0 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Total liabilities and net assets/fund balances | $225,068 |
Organization Name | Assets | Revenue |
---|---|---|
Goodwill Industries Inc St Paul, MN | $94,899,402 | $59,559,829 |
Goodwill Industries Of South Central Wisconsin Inc Madison, WI | $15,409,154 | $44,230,660 |
Goodwill Of The Great Plains Sioux City, IA | $33,353,824 | $45,336,222 |
Goodwill Industries Of Northern Il & Wi Stateline Area Inc Rockford, IL | $24,956,445 | $38,276,880 |
Goodwill Industries Of The Heartland Cedar Rapids, IA | $40,819,529 | $39,875,591 |
Land Of Lincoln Goodwill Industries Inc Springfield, IL | $10,839,126 | $29,605,192 |
Goodwill Industries Inc Omaha, NE | $56,720,433 | $29,507,917 |
Goodwill Of Western Missouri And Eastern Kansas Kansas City, MO | $10,740,171 | $18,183,269 |
Goodwill Industries Of Greater Nebraska Inc Grand Island, NE | $23,720,104 | $21,067,980 |
Goodwill Industries Of Northeast Iowa Inc Waterloo, IA | $16,595,417 | $20,700,717 |
Goodwill Industries Of Central Illinois Peoria, IL | $21,177,815 | $16,906,634 |
Goodwill Industries Of Central Iowa Johnston, IA | $31,035,628 | $20,648,374 |