Iowa Falls Community School District Veba Trust is located in Iowa Falls, IA. The organization was established in 2016. 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. Iowa Falls 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 06/2022, Iowa Falls Community School District Veba Trust generated $69.9k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 37.1% each year . All expenses for the organization totaled $54.6k during the year ending 06/2022. 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
2022
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.
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tony Neumann Superintendent | 0 | $0 | |
Trish Lee Board Secretary | 0 | $0 |
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $66,788 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $3,125 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $69,913 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $54,597 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $0 |
| Total expenses | $54,597 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $196,841 |
| Other assets | $0 |
| Total assets | $196,841 |
| Total liabilities | $0 |
| Net assets or fund balances | $196,841 |