Macys Inc Welfare Benefits Trust

Organization Overview

Macys Inc Welfare Benefits Trust is located in Springdale, OH. The organization was established in 1976. 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. Macys Inc Welfare Benefits Trust is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.

For the year ending 06/2023, Macys Inc Welfare Benefits Trust generated $74.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (5.4%) each year. All expenses for the organization totaled $67.6m during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (7.2%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

PAYMENT OF MEMBER MEDICAL BENEFITS

Describe the Organization's Program Activity:

Part 3 - Line 4a

BENEFITS PAID TO OR FOR MEMBERS


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Board, Officers & Key Employees

Name (title)Compensation
Chris Meier
Trustee
$0
Matthew S Schroeder
Trustee
$0
Greg Whitson
Trustee
$0
Paul Griscom
Trustee
$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$74,053,515
Investment income $282,205
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 $74,335,720

Peer Organizations

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Honda Of America Mfg Inc Health And Welfare Benefits Trust
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Mid Central Operating Engineers Health & Welfare Fund
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Bucks & Montgomery County & Schools Health Care Consortium
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Procter & Gamble Benefit Plan Trust
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The Greater Pennsylvania Carpenters Medical Plan
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$43,537,187
Indiana Laborers Welfare Fund
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$127,344,309
United States Steel Corporation Represented Retirees Benefit Trust
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$73,357,672
Dte Energy Company Veba Tr
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-$131,124,165
Operating Engineers Welfare Fund Of Eastern Pa & Delaware
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$97,694,348
Laborers District Council Of
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$110,595,779
Carpenters Health & Welfare Fund Of Philadelphia And Vicinity
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$88,045,752
Steamfitters Local Union 420 Welfare Fund
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$90,200,112
Ufcw Unions & Employers Health & Welfare Plan Of Central Ohio
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$72,813,101
Michigan Regional Council Of Carpenters Employee Benes Veba Fd
Troy, MI
$83,803,833
American Financial Group Inc Voluntary Employees Beneficiary Tr
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$72,336,000
I B E W Local 98 Health & Welfare Fund
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$97,361,315
Michigan Laborers Health And Welfare Fund
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$72,302,608
Electrical Workers Insurance Fund
Madison Heights, MI
$71,557,544

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