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Nonprofiteer
← L&M COMPANIES INC EMPLOYEE BENEFIT TR

Form 990 for tax year 2022

Filed by L&M COMPANIES INC EMPLOYEE BENEFIT TR.

Totals

Total revenue
$2,717,214
Total expenses
$2,857,052
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$2,702,966
Investment income
$14,236
Other revenue
$12
Total assets, end of year
$1,328,694
Total liabilities, end of year
$82,000
Net assets or fund balances, end of year
$1,246,694
Program services expenses (Part IX)
$2,810,014
Management and general expenses
$47,038
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 98.4% 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: PLAN CONTRIBUTIONS

    total $2,702,966 · related or exempt $2,702,966

  • 3 · Investment income

    total $14,236 · unrelated business $14,236 · excluded $0

  • 11a · Other revenue: FEDERAL TAX REFUND

    total $12 · related or exempt $12

  • 11e · Other revenue, total

    $12

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $2,776,014 · program services $2,776,014

  • 5 · Compensation of officers, directors and key employees

    total $9,038 · management and general $9,038

  • 11a · Fees: management

    total $34,000 · program services $34,000

  • 11c · Fees: accounting

    total $38,000 · management and general $38,000

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $13,390 · end of year $20,000

  • 2 · Savings and temporary cash investments

    beginning of year $1,087,052 · end of year $948,694

  • 4 · Accounts receivable

    beginning of year $367,748 · end of year $360,000

  • 17 · Accounts payable and accrued expenses

    beginning of year $81,658 · end of year $82,000

  • 27 · Net assets without donor restrictions

    beginning of year $1,386,532 · end of year $1,246,694

Mission and programs · 2022

Mission

THE PLAN IS A DEFINED CONTRIBUTION HEALTH AND WELFARE BENEFIT PLAN ESTABLISHED TO PROVIDE SPECIFIED HEALTH CARE, DENTAL, DISABILITY, LIFE AND TRAVEL INSURANCE BENEFITS TO ELIGIBLE EMPLOYEES OF L&M COMPANIES, INC., L&M FARMS, INC., L&M WAREHOUSE & PACKING, INC., L&M FARMS OF COLORADO, LLC, AND L&M TRANSPORTATION SERVICES, INC.

  • PROVIDE SPECIFIED HEALTH CARE, DENTAL, DISABILITY, LIFE AND TRAVEL INSURANCE BENEFITS TO ELIGIBLE EMPLOYEES OF L&M COMPANIES, INC., L&M FARMS, INC., L&M WAREHOUSE & PACKING, INC., L&M FARMS OF COLORADO, LLC, AND L&M TRANSPORTATION SERVICES, INC. AND THEIR SPOUSE AND/OR COVERED DEPENDENT(S)

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • First Citizens Bank

    TRUSTEE

    Total calculated
    $9,038
    From this org
    $9,038
    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.

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.

  • L&M COMPANIES INC

    S corp · PRODUCE MARKETER · NC

  • L&M FARMS INC

    S corp · VEGETABLE FARMERS · NC

  • L&M WAREHOUSE & PACKING INC

    S corp · VEGETABLE PACKING · NC

  • L & M FARMS OF COLORADO LLC

    S corp · PRODUCE PACKING/WAREHOUSE FACILITY · CO

  • L & M TRANSPORTATION SERVICES INC

    S corp · TRANSPORTATON · NC

Provenance

Return type
form_990
Tax year
2022
Filed
7 November 2023
IRS schema version
2022v5.0
Source object
202323179349303527

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