Mid-America Agri-Industries Voluntary Employees Beneficiary
- Assets
- $295.0k
- Revenue
- $8.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Sioux City, IA
- Founding
- 12/1996
- Data as of
- 11/2022
- EIN
- 42-1423876
Organization Overview
Mid-America Agri-Industries Voluntary Employees Beneficiary is located in Sioux City, IA. The organization was established in 1996. According to its NTEE Classification (J32) the organization is classified as: Goodwill Industries, under the broad grouping of Employment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mid-America Agri-Industries Voluntary Employees Beneficiary is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.
For the year ending 11/2022, Mid-America Agri-Industries Voluntary Employees Beneficiary generated $8.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (3.9%) each year. All expenses for the organization totaled $8.1m during the year ending 11/2022. As we would expect to see with falling revenues, expenses have declined by (3.9%) per year over the past 5 years. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
MID-AMERICA AGRI-INDUSTRIES VEBA IS ORGANIZED PURSUANT TO I.R.C SEC. 501(C)(9) TO ESTABLISH AND MAINTAIN A WELFARE BENEFIT OF THE PLAN TO PROVIDE LIFE, SICKNESS, ACCIDENT AND OTHER BENEFITS FOR THE EXCLUSIVE BENEFIT OF THE PLAN PARTICIPANTS AND THEIR BENEFICIARIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INSURANCE PREMIUMS PAID FOR HEALTH BENEFITS
HEALTH CLAIMS PAID.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Julie Smith Secretary | OfficerTrustee | 1 | $0 |
Keith Dostal President | OfficerTrustee | 1 | $0 |
Wade Netten Trustee | OfficerTrustee | 1 | $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 | $8,073,715 |
| Investment income | $41 |
| 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 | $8,108,126 |
| 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 | $7,899,940 |
| 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 | $270 |
| Fees for services: Accounting | $10,000 |
| 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 | $4,800 |
| 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 | $31,664 |
| All other expenses | $0 |
| Total functional expenses | $8,106,119 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $244,512 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $44,489 |
| 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 | $6,014 |
| 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 | $295,015 |
| Accounts payable and accrued expenses | $10,000 |
| 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 | $80,000 |
| Total liabilities | $90,000 |
| Net assets without donor restrictions | $205,015 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| 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 | $295,015 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Goodwill Industries Of Central Illinois Peoria, IL | $25,220,483 | $19,436,387 |
Goodwill Industries Vocational Enterprises Inc Duluth, MN | $11,874,551 | $15,984,921 |
Mid-America Agri-Industries Voluntary Employees Beneficiary Sioux City, IA | $295,015 | $8,108,126 |
Goodwill Industries Serving Southeast Nebraska Inc Lincoln, NE | $17,088,790 | $7,032,669 |
Goodwill Specialty Services Inc Omaha, NE | $2,245,668 | $4,881,403 |
Helping Hand Of Goodwill Industries Extended Employment Sheltered Work Kansas City, MO | $3,982,981 | $5,488,046 |
Goodwill-Easter Seals Foundation Inc St Paul, MN | $8,649,359 | $985,661 |
Quality Industries Of The Lake Of The Ozarks Versailles, MO | $429,220 | $788,764 |
Goodwill Solutions Inc Johnston, IA | $855,476 | $274,983 |
Ettrick Industries Inc Ettrick, WI | $877,927 | $591,197 |
Goodwill Industries Foundation Of Greater Nebraska Inc Grand Island, NE | $3,822,849 | $282,224 |
Goodwill Industries Development Corporation Menasha, WI | $2,238,654 | $186,804 |