Wells Fargo & Co Employee Benifit Trust For Retiree

Organization Overview

Wells Fargo & Co Employee Benifit Trust For Retiree is located in Minneapolis, MN. The organization was established in 1992. 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. Wells Fargo & Co Employee Benifit Trust For Retiree is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.

For the year ending 12/2021, Wells Fargo & Co Employee Benifit Trust For Retiree generated $46.5m 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 (7.1%) each year. All expenses for the organization totaled $49.8m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (9.2%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE TRUST WAS ESABLISHED TO PROVIDE MEDICAL BENEFITS FOR RETIRED EMPLOYEES OF WELLS FARGO CO.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE EXEMPT PURPOSE IS TO PROVIDE MEDIAL BENEFITS TO RETIRED EMPLOYEES OF WELLS FARGO CO.


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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$43,094,664
Investment income $15,741
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 $46,494,282

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