Oelwein Community School District Veba Trust
- Assets
- $120.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Oelwein, IA
- Founding
- 12/2015
- EIN
- 47-2322251
Organization Overview
Oelwein Community School District Veba Trust is located in Oelwein, IA. The organization was established in 2015. 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. Oelwein Community School District 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 undefined, Oelwein Community School District Veba Trust generated $9.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (25.9%) each year. All expenses for the organization totaled $15.5k during the year ending undefined. As we would expect to see with falling revenues, expenses have declined by (20.2%) per year over the past 7 years. 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
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 |
|---|---|---|---|
Michael Rueber Board Secretary | 1 | $0 | |
Josh Ehn Superintendent | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $7,200 |
| Membership dues | $0 |
| Investment income | $1,997 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $9,197 |
| Statement of Expenses | |
|---|---|
| Total expenses | $15,494 |
| Balance Sheet | |
|---|---|
| Total assets | $120,403 |
| Total liabilities | $0 |
| Net assets or fund balances | $120,403 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Oelwein Community School District Veba Trust has recieved totaling $39,739.
| Awarding Organization | Amount |
|---|---|
Northeast Iowa Charitable Foundation Oelwein, IA PURPOSE: STUDENT ACTIVITY TICKETS,EQUIPMENT FOR INDUSTRIAL TECHNOLOGY CENTER,VARIOUS STUDENT EDUCATIONAL TRIPS,RECREATION CENTER CONSTRUCTION FUNDS | $39,739 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
City Of Minneapolis Health Reimbursement Arrangement Plan Tr Milwaukee, WI | $29,287,574 | $7,185,024 |
Benefitsmn St Paul, MN | $39,395 | $5,877,036 |
Minnesota Police And Peace Officers Association Legal Defense Fund St Paul, MN | $1,282,647 | $1,490,234 |
Northland Veba Tr Cloquet, MN | $4,420,922 | $2,261,317 |
Intermountain Power Service Corporation Salaried Veba Trust Des Moines, IA | $16,516,041 | $3,238,158 |
Unite Here Local 74 Welfare And Dental Trust St Louis, MO | $1,189,509 | $1,470,294 |
Retirement Enchancement & Benefits Alternatives Prgrm Vol Empls Bene Minneapolis, MN | $12,725,353 | $2,184,743 |
Illinois Council Of Police Veba Tr Elhmurst, IL | $269,129 | $1,418,777 |
Davenport Community School District Veba Trust Davenport, IA | $2,580,246 | $1,151,633 |
Independent School District 622 Health Reimbursement Arrangement North St Paul, MN | $1,841,355 | $893,079 |
Mounds View Public Schools Health Reimbursement Tr Shoreview, MN | $2,712,150 | $830,788 |
Northfield School District Health Reimbursement Arrange Plan Eagan, MN | $1,498,997 | $647,937 |