Missouri Bankers Assn Voluntary Employees Beneficiary Assn is located in Jefferson City, MO. The organization was established in 1976. According to its NTEE Classification (T03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Missouri Bankers Assn Voluntary Employees Beneficiary Assn is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.
For the year ending 12/2021, Missouri Bankers Assn Voluntary Employees Beneficiary Assn generated $27.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.2% each year. All expenses for the organization totaled $26.5m during the year ending 12/2021. While expenses have increased by 0.0% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
MBA-VEBA OFFERS INSURANCE BENEFITS FOR EMPLOYEES AND THEIR DEPENDENTS OF MISSOURI BANKERS ASSOCIATION MEMBER ORGANIZATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CLAIMS INCURRED ON GROUP INS & PREMIUMS PAID ON GROUP INS FOR THE PROVISION OF HEALTH & DENTAL, LIFE, DISABILITY, ACCIDENT, AND FELONIOUS ASSAULT TO MEMBERS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
R Scott Harris Chairman | OfficerTrustee | 0.5 | $0 |
Carl C Watson Vice-Chairman | OfficerTrustee | 0.5 | $0 |
Robert E Mickey Trustee | Trustee | 0.5 | $0 |
Dwayne A Falk Trustee | Trustee | 0.5 | $0 |
Kimberly Corbin Trustee | Trustee | 0.5 | $0 |
Michael W Anderson Trustee | Trustee | 0.5 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $0 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
Total Program Service Revenue | $24,843,817 |
Investment income | $11,315 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $133 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $27,015,918 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $0 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $21,105,916 |
Compensation of current officers, directors, key employees. | $0 |
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 | $11,584 |
Fees for services: Accounting | $22,750 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $4,891 |
Fees for services: Other | $83,225 |
Advertising and promotion | $0 |
Office expenses | $0 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $0 |
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 | $90,500 |
All other expenses | $27,080 |
Total functional expenses | $26,548,697 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $141,681 |
Savings and temporary cash investments | $404,002 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $1,487,279 |
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 | $749 |
Net Land, buildings, and equipment | $0 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $2,033,711 |
Accounts payable and accrued expenses | $541,005 |
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 | $2,561,659 |
Total liabilities | $3,102,664 |
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 |
Retained earnings, endowment, accumulated income, or other funds | -$1,068,953 |
Total liabilities and net assets/fund balances | $2,033,711 |
Organization Name | Assets | Revenue |
---|---|---|
Missouri Bankers Assn Voluntary Employees Beneficiary Assn Jefferson City, MO | $2,033,711 | $27,015,918 |
Geneva Foundation Of Presbyterian Homes Skokie, IL | $167,706,916 | $12,037,384 |
Operating Engineers Local No 148 Health And Welfare Trust St Louis, MO | $4,905,765 | $2,982,969 |
Illinois State Council Knights Of Columbus Charities Inc Kankakee, IL | $2,772,064 | $1,876,485 |
International Constrast Ultrasound Society 2 0 Chicago, IL | $84,088 | $518,950 |
Kansas Association Of Community Foundations Washington, KS | $9,529,087 | $911,940 |
Northwest Pipeline Voluntary Employees Beneficiary Association Tulsa, OK | $8,312,705 | $807 |
Kentucky High School Coaches Charity Association Inc Bardstown, KY | $707,293 | $190,229 |
Rotary Club Of Leawood Kansas Charitable Fund Inc Leawood, KS | $323,333 | $0 |
Association Of Fundraising Professionals Little Rock, AR | $151,519 | $0 |
Philanos Leawood, KS | $202,327 | $0 |
Crew Charleston Chapter Lawrence, KS | $101,054 | $0 |