Keystone Area Education Agency 1 Veba Trust
- Assets
- $145.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Elkader, IA
- Founding
- 04/2016
- Data as of
- 06/2022
- EIN
- 47-2316289
Organization Overview
Keystone Area Education Agency 1 Veba Trust is located in Elkader, IA. The organization was established in 2016. According to its NTEE Classification (Y44) the organization is classified as: Voluntary Employees Beneficiary Associations 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. Keystone Area Education Agency 1 Veba Trust is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.
For the year ending 06/2022, Keystone Area Education Agency 1 Veba Trust generated $3.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (66.4%) each year. All expenses for the organization totaled $43.6k during the year ending 06/2022. 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
TOTAL EXPENSE IS COMPRISED OF HEALTH CARE BENEFITS PAID TO ELIGIBLE PARTICIPANTS. TOTAL REVENUE REPRESENTS THE ORGANIZATION S PROGRAM-RELATED CONTRIBUTIONS TO THE VEBA TRUST FOR THE PURPOSE OF FUNDING RETIREE HEALTH CARE BENEFITS TO ELIGIBLE PARTICIPANTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stan Rheingans Chief Administrator | 0 | $0 | |
Sharon Houg Business Manager | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,019 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $2,249 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $3,268 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $43,627 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $0 |
| Total expenses | $43,627 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $144,978 |
| Other assets | $0 |
| Total assets | $144,978 |
| Total liabilities | $0 |
| Net assets or fund balances | $144,978 |