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Nonprofiteer
← FLINT ELECTRIC MEMBERSHIP CORPORATION VEBA TR

Form 990 for tax year 2022

Filed by FLINT ELECTRIC MEMBERSHIP CORPORATION VEBA TR.

Totals

Total revenue
$133,397
Total expenses
$286,112
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$225,309
Investment income
-$91,912
Other revenue
$0
Total assets, end of year
$9,674,435
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$9,674,435
Program services expenses (Part IX)
$0
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 0.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: CONTRIBUTIONS - FLINT EMC

    total $225,309 · related or exempt $225,309

  • 3 · Investment income

    total -$91,912 · related or exempt -$91,912

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $225,309

  • 5 · Compensation of officers, directors and key employees

    total $60,803

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $667,205 · end of year $406,040

  • 13 · Investments: program-related

    beginning of year $10,369,603 · end of year $9,268,395

  • 27 · Net assets without donor restrictions

    beginning of year $11,036,808 · end of year $9,674,435

Mission and programs · 2022

Mission

TO PROVIDE CERTAIN RETIREE HEALTH BENEFITS FOR ELIGIBLE EMPLOYEES OF FLINT ELECTRIC MEMBERSHIP CORPORATION.

  • N/A - CORPORATION IS EXEMPT UNDER IRC SECTION 501(C)(9)

As filed on the 2022 return.

Listed in Part VII

  • National Advisors Trust Company

    TRUSTEE

    Total calculated
    $60,803
    From this org
    $0
    From related orgs
    $0
    Other
    $60,803
    Hours/week
    5

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
20 April 2023
IRS schema version
2022v5.0
Source object
202321109349300912

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