Voluntary Employees Beneficiary Association is located in Watertown, SD. The organization was established in 1996. According to its NTEE Classification (Y43) the organization is classified as: Voluntary Employees Beneficiary Associations (Non-Government), under the broad grouping of Mutual & Membership Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Voluntary Employees Beneficiary Association is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.
For the year ending 12/2022, Voluntary Employees Beneficiary Association generated $21.1k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.9% each year. All expenses for the organization totaled $10.0k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
PROVIDE PAYMENT OF EMERGENCY, SICK, AND ACCIDENTAL BENEFITS TO MEMBERS AND DEPENDENTS.PROVIDE PAYMENT OF FUNERAL MEMORIAL BENEFITS TO MEMBERS AND DEPENDENTS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Eric Schaible Vice Presidnet | 0.25 | $0 | |
Brent Clark Treasurer | 0.25 | $0 | |
Nick House Director | 0.25 | $0 | |
Julia Pitan Director | 0.25 | $0 | |
Douglas Caulfield President | 0.5 | $0 | |
Tom Cole Director | 0.25 | $0 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $21,115 |
Total Program Service Revenue | $0 |
Membership dues | $0 |
Investment income | $5 |
Gain or Loss | $0 |
Net Income from Gaming & Fundraising | $0 |
Other Revenue | $0 |
Total Revenue | $21,120 |
Statement of Expenses | |
---|---|
Grants and similar amounts paid | $0 |
Benefits paid to or for members | $9,800 |
Salaries, other compensation, and employee benefits | $0 |
Professional fees and other payments to independent contractors | $225 |
Occupancy, rent, utilities, and maintenance | $0 |
Printing, publications, postage, and shipping | $0 |
Other expenses | $0 |
Total expenses | $10,025 |
Balance Sheet | |
---|---|
Cash, savings, and investments | $44,687 |
Other assets | $0 |
Total assets | $44,687 |
Total liabilities | $0 |
Net assets or fund balances | $44,687 |