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Nonprofiteer
← CNH WELFARE BENEFIT TRUST

Form 990 for tax year 2023

Filed by CNH WELFARE BENEFIT TRUST.

Totals

Total revenue
$172,189,803
Total expenses
$177,900,666
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$170,554,184
Investment income
$1,635,619
Other revenue
$0
Total assets, end of year
$80,894,509
Total liabilities, end of year
$1,157,220
Net assets or fund balances, end of year
$79,737,289
Program services expenses (Part IX)
$152,865,736
Management and general expenses
$25,034,930
Fundraising expenses
$0
Program service expenses (Part III)
$152,865,736

Program services were 85.9% 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: EMPLOYER CONTRIBUTIONS

    total $133,698,821 · related or exempt $133,698,821

  • 2b · Program service revenue: EMPLOYEE CONTRIBUTIONS

    total $28,806,363 · related or exempt $28,806,363

  • 2c · Program service revenue: BENEFIT OBLIGATION TRANSFER

    total $8,049,000 · related or exempt $8,049,000

  • 3 · Investment income

    total $2,767,930 · excluded $2,767,930

  • 7a · Gross sales of assets other than inventory

    securities $124,108

  • 7b · Less cost or other basis and sales expenses

    securities $1,256,419

  • 7c · Gain or loss

    securities -$1,132,311

  • 7d · Net gain or loss

    total -$1,132,311 · excluded -$1,132,311

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $152,865,736 · program services $152,865,736

  • 24a · Other expenses: ADMINISTRATIVE EXPENSES

    total $14,205,703 · management and general $14,205,703

  • 24b · Other expenses: PREMIUM PAYMENTS

    total $10,481,227 · management and general $10,481,227

  • 24c · Other expenses: TRANSFER OF PLAN ASSETS

    total $348,000 · management and general $348,000

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $877,018 · end of year $93,211

  • 2 · Savings and temporary cash investments

    beginning of year $33,709,693 · end of year $23,310,332

  • 4 · Accounts receivable

    beginning of year $416,292 · end of year $446,748

  • 11 · Investments: publicly traded securities

    beginning of year $30,865,900 · end of year $34,147,470

  • 12 · Investments: other securities

    beginning of year $20,924,994 · end of year $22,706,808

  • 13 · Investments: program-related

    beginning of year $155,984 · end of year $189,940

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,457,231 · end of year $1,157,220

  • 29 · Capital stock, trust principal or current funds

    beginning of year $85,492,650 · end of year $79,737,289

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $0 · end of year $0

Mission and programs · 2023

Mission

TO PROVIDE LIFE, ILLNESS, AND ACCIDENT BENEFITS TO ELIGIBLE PARTICIPANTS OR THEIR DEPENDENTS/DESIGNATED BENEFICIARIES AND TO PROVIDE RETIREES WITH A HEALTH REIMBURSEMENT ARRANGEMENT

  • BENEFITS PAID FOR MEMBERS

    Expenses $152,865,736

As filed on the 2023 return.

Listed in Part VII

  • State Street Bank And Trust

    TRUSTEE

    Total calculated
    $55,133
    From this org
    $55,133
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

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.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • CNH INDUSTRIAL INC

    C · AG, CE & MINING · DE

Provenance

Return type
form_990
Tax year
2023
Filed
15 November 2024
IRS schema version
2023v5.1
Source object
202403209349311985

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