Pds Veba Tr
- Assets
- $73.9k
- Revenue
- $67.6m
- Investments
- $0.0
- Employees
- 0
- Location
- Des Moines, IA
- Founding
- 04/2016
- Data as of
- 11/2021
- EIN
- 47-6637312
Organization Overview
Pds Veba Tr is located in Des Moines, IA. The organization was established in 2016. According to its NTEE Classification (Y30) the organization is classified as: Pension & Retirement Funds, 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. Pds Veba Tr is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.
For the year ending 11/2021, Pds Veba Tr generated $67.6m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 11.9% each year . All expenses for the organization totaled $67.6m during the year ending 11/2021. While expenses have increased by 11.9% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
ESTABLISHED BENEFIT TRUST PLAN TO PROVIDE HEALTH AND WELFARE BENEFITSTO EMPLOYERS WHO ARE ELIGIBLE FOR COVERAGE
Describe the Organization's Program Activity:
Part 3 - Line 4a
ESTABLISHED BENEFIT TRUST PLAN TO PROVIDE HEALTH AND WELFARE BENEFITSTO EMPLOYERS WHO ARE ELIGIBLE FOR COVERAGE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brady Aase Plan Administrator | Trustee | 1 | $0 |
Dan Burke Trustee | Trustee | 1 | $0 |
Jennifer Bryant Trustee | Trustee | 1 | $0 |
Deborah Cameron Trustee | Trustee | 1 | $0 |
Emilio Mariolis Trustee | Trustee | 1 | $0 |
Name Not Listed Institutional Trustee | 0 | $0 |
Financial Statements
| 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 | $67,610,918 |
| Investment income | $54 |
| 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 | $67,610,972 |
| 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 | $67,610,918 |
| 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 | $0 |
| Fees for services: Accounting | $0 |
| 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 | $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 | $0 |
| All other expenses | $0 |
| Total functional expenses | $67,610,918 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $73,948 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| 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 | $73,948 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $73,948 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $73,948 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Teamster Members Retirement Plan Carol Stream, IL | $851,661,289 | $51,507,103 |
Pds Veba Tr Des Moines, IA | $73,948 | $67,610,972 |
Ipers Galleria North Tower I Inc Chicago, IL | $136,909,947 | $12,697,770 |
Ipers Rivergate Inc Chicago, IL | $61,988,066 | $6,383,290 |
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Village Discount Outlet Participant Benefit Trust Blue Island, IL | $126,653 | $881,980 |
Firemens Relief Assns Of Minn Luverne Assn Luverne, MN | $1,450,168 | $271,985 |
Little Falls Fire Relief Association Little Falls, MN | $2,000,278 | $295,581 |
Midwest Unitarian Universalist Foundation Chicago, IL | $4,144,891 | $219,487 |
Round Lake Fire Relief Association Round Lake, MN | $314,443 | $0 |