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Nonprofiteer
← BUDD E&A VEBA

Form 990 for tax year 2023

Filed by BUDD E&A VEBA.

Totals

Total revenue
$2,927,545
Total expenses
$4,759,364
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$46,059
Investment income
$2,881,486
Other revenue
$0
Total assets, end of year
$74,110,667
Total liabilities, end of year
$38,472
Net assets or fund balances, end of year
$74,072,195
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

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: PARTICIPANT CONTRIBUTIONS

    total $46,059 · related or exempt $46,059

  • 3 · Investment income

    total $1,356,378 · excluded $1,356,378

  • 7a · Gross sales of assets other than inventory

    securities $4,519,798

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

    securities $2,994,690

  • 7c · Gain or loss

    securities $1,525,108

  • 7d · Net gain or loss

    total $1,525,108 · excluded $1,525,108

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $4,392,993

  • 5 · Compensation of officers, directors and key employees

    total $1,800

  • 11a · Fees: management

    total $78,000

  • 11b · Fees: legal

    total $41,636

  • 11c · Fees: accounting

    total $19,752

  • 11f · Fees: investment management

    total $133,668

  • 23 · Insurance

    total $26,275

  • 24a · Other expenses: ACTUARY FEE

    total $60,000

  • 24b · Other expenses: BANK FEES

    total $2,823

  • 24c · Other expenses: PCORI FEE

    total $1,824

  • 24d · Other expenses: MAILING & POSTING

    total $593

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $81,856 · end of year $239,440

  • 2 · Savings and temporary cash investments

    beginning of year $12,230 · end of year $90,024

  • 9 · Prepaid expenses and deferred charges

    beginning of year $20,298 · end of year $17,952

  • 12 · Investments: other securities

    beginning of year $69,049,630 · end of year $73,763,251

  • 15 · Other assets

    beginning of year $600,000 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $195,519 · end of year $38,472

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 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 $69,568,495 · end of year $74,072,195

Mission and programs · 2023

Mission

THE BUDD E&A VEBA IS ESTABLISHED FOR THE PURPOSE OF PROVIDING HEALTH AND OTHER WELFARE BENEFITS TO PARTICIPANTS IN ACCORDANCE WITH THE PLAN DOCUMENT, AND AS PERMISSIBLE UNDER SECTION 501(C)(9) OF THE INTERNAL REVENUE CODE AS SET FORTH HEREIN.

Activities or mission (Part I)

TO PROVIDE HEALTH AND OTHER WELFARE BENEFITS TO ELIGIBLE PARTICIPANTS AND DEPENDENTS.

  • THE TRUST PROVIDED HEALTH AND OTHER WELFARE BENEFITS THROUGH THE BUDD E&A VEBA TO PLAN PARTICIPANTS AND ELIGIBLE DEPENDENTS.

As filed on the 2023 return.

Listed in Part VII

  • Mercedes F Godin

    COMMITTEE MEMBER

    Total calculated
    $300
    From this org
    $300
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • William Kroger Jr

    COMMITTEE MEMBER

    Total calculated
    $600
    From this org
    $600
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Thomas Whomsley

    COMMITTEE MEMBER

    Total calculated
    $300
    From this org
    $300
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Thomas Stuart

    COMMITTEE MEMBER

    Total calculated
    $300
    From this org
    $300
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Deric Righter

    COMMITTEE MEMBER

    Total calculated
    $300
    From this org
    $300
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

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
2023
Filed
17 October 2024
IRS schema version
2023v5.1
Source object
202433109349303808

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