Form 990 for tax year 2022

Filed by COOPERATIVE WELFARE BENEFITS FUND.

Totals

Total revenue: $67,342,810
Total expenses: $64,020,627
Contributions and grants received: $0
Grants paid: $0
Program service revenue: $62,707,150
Investment income: $32,056
Other revenue: $4,603,604
Total assets, end of year: $17,890,520
Total liabilities, end of year: $6,551,026
Net assets or fund balances, end of year: $11,339,494
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: PREMIUM/FSA CONTRIBUTIONS

total $62,707,150 · unrelated business $0 · excluded $0
3 · Investment income

total $200,521 · unrelated business $200,521 · excluded $0
7a · Gross sales of assets other than inventory

securities $91,040,997
7b · Less cost or other basis and sales expenses

securities $91,209,462
7c · Gain or loss

securities -$168,465
7d · Net gain or loss

total -$168,465 · related or exempt $0 · unrelated business -$168,465 · excluded $0
11a · Other revenue: CHANGE IN BENEFIT OBLIGATION

total $4,603,604 · related or exempt $4,603,604 · unrelated business $0 · excluded $0
11e · Other revenue, total

$4,603,604

Functional expenses

Part IX, the statement of functional expenses.

4 · Benefits paid to or for members

total $61,269,521 · program services $0
11c · Fees: accounting

total $34,565 · program services $0 · management and general $0 · fundraising $0
24a · Other expenses: BANK FEES

total $17,450 · program services $0 · management and general $0 · fundraising $0
24b · Other expenses: INCOME TAXES

total $54,525 · program services $0 · management and general $0 · fundraising $0
24c · Other expenses: PPO NETWORK/ADMIN EXP

total $2,644,566 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

1 · Cash, non-interest-bearing

beginning of year $8,014 · end of year $2,305
2 · Savings and temporary cash investments

beginning of year $3,972,874 · end of year $3,102,570
4 · Accounts receivable

beginning of year $3,436,014 · end of year $2,346,130
11 · Investments: publicly traded securities

beginning of year $12,817,009 · end of year $12,439,515
17 · Accounts payable and accrued expenses

beginning of year $241,895 · end of year $213,038
25 · Other liabilities

beginning of year $11,451,177 · end of year $6,337,988
31 · Retained earnings, endowment or other funds

beginning of year $8,540,839 · end of year $11,339,494

Mission and programs · 2022

Mission

THE TRUST WAS ESTABLISHED TO PROVIDE FOR THE PAYMENT OF DEATH, DISABILITY, AD&D, DEPENDENT CARE AND MEDICAL BENEFITS, AND SUCH OTHER BENEFITS DESIGNED TO ENHANCE THE HEALTH AND WELFARE OF EMPLOYEES AND THEIR DEPENDENTS OF PARTICIPATING EMPLOYERS.

PROVISION OF HEALTH AND WELFARE BENEFITS FOR EMPLOYEES AND DEPENDENTS OF PARTICIPATING EMPLOYERS.

As filed on the 2022 return.

Listed in Part VII

Carla ElliottCARLA ELLIOTT

TRUSTEE

Total calculated

$0

Hours/week

1
Joshua CoughlinJOSHUA COUGHLIN

TRUSTEE

Total calculated

$0

Hours/week

1
Nancy HughesNANCY HUGHES

TRUSTEE

Total calculated

$0

Hours/week

1
Todd NettenTODD NETTEN

TRUSTEE

Total calculated

$0

Hours/week

1
Craig MommerCRAIG MOMMER

TRUSTEE

Total calculated

$0

Hours/week

1
Kathleen LyonsKATHLEEN LYONS

TRUSTEE

Total calculated

$0

Hours/week

1
Diane StreitDIANE STREIT

TRUSTEE

Total calculated

$0

Hours/week

1
Rick SmithpeterRICK SMITHPETER

CHAIR

Total calculated

$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.

COOPERATIVE WELFARE BEN FD (SD MN & WI)

501(C)(9) · HEALTH & WELFARE TRUST · IA

Directly controlled by NA
COOPERATIVE WELFARE BEN FD (IN OH & MI)

501(C)(9) · HEALTH & WELFARE TRUST · IA

Directly controlled by NA
COOPERATIVE WELFARE BEN FD (TX OK & CO)

501(C)(9) · HEALTH & WELFARE TRUST · IA

Directly controlled by NA
COOPERATIVE WELFARE BEN FD (KS MO & IL)

501(C)(9) · HEALTH & WELFARE TRUST · IA

Directly controlled by NA
NEBRASKA COOPERATIVE COUNCIL

501(C)(6) · TRADE ASSOC TO PROMOTE AGRICULTURAL COOPERATIVES · NE

Directly controlled by NA

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 partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

AG PARTNERS LLC

N/A · AGRICULTURE · IA · 0% owned · share of income $0 · share of assets $0

Directly controlled by NA
QUAD COUNTY CORN PROCESSORS COOP

N/A · ETHANOL PRODUCER · IA · 0% owned · share of income $0 · share of assets $0

Directly controlled by NA
LINCOLNWAY ENERGY LLC

N/A · ETHANOL & DDG PRODUCTION · IA · 0% owned · share of income $0 · share of assets $0

Directly controlled by NA
CONTROL SYSTEMS SOFTWARE LLC

N/A · MERCHANDISE BROKER · IA · 0% owned · share of income $0 · share of assets $0

Directly controlled by NA
PLCP LLLP

N/A · ETHANOL BUSINESS · IA · 0% owned · share of income $0 · share of assets $0

Directly controlled by NA

Related corporations and trusts

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

ASSOCIATED BENEFITS CORPORATION

C · BENEFIT PLAN ADMINISTRATION · IA · 0% owned · share of income $0 · share of assets $0

Directly controlled by NA
NORTH IOWA COOPERATIVE

C · AGRICULTURAL COOPERATIVE · IA · 0% owned · share of income $0 · share of assets $0

Directly controlled by NA
NEW COOPERATIVE INC

C · GRAIN ELEVATORS · IA · 0% owned · share of income $0 · share of assets $0

Directly controlled by NA
MAXYIELD COOPERATIVE

C · GRAIN ELEVATORS · IA · 0% owned · share of income $0 · share of assets $0

Directly controlled by NA
LANDUS COOPERATIVE

C · WHOLESALE GRAIN DEALER · IA · 0% owned · share of income $0 · share of assets $0

Directly controlled by NA
FARMERS COOPERATIVE ELEVATOR

C · AGRICULTURAL COOPERATIVE · IA · 0% owned · share of income $0 · share of assets $0

Directly controlled by NA
CEDAR COUNTY COOPERATIVE

C · WHOLESALE FARM SUPPLIER · IA · 0% owned · share of income $0 · share of assets $0

Directly controlled by NA
HANCOCK COUNTY COOP OIL ASSOC

C · GAS-PROPANE CONVENIENCE STORE · IA · 0% owned · share of income $0 · share of assets $0

Directly controlled by NA
NORTHERN COUNTRY COOPERATIVE

C · WHOLESALE GRAIN DEALER · IA · 0% owned · share of income $0 · share of assets $0

Directly controlled by NA
OSAGE COOPERATIVE ELEVATOR

C · GRAIN DEALER · IA · 0% owned · share of income $0 · share of assets $0

Directly controlled by NA
FARMERS COOPERATIVE ASSOCIATION

C · WHOLESALE GRAIN DEALER · IA · 0% owned · share of income $0 · share of assets $0

Directly controlled by NA
FIVE STAR COOPERATIVE

C · AGRICULTURAL COOPERATIVE · IA · 0% owned · share of income $0 · share of assets $0

Directly controlled by NA
FARMERS UNION COOPERATIVE

C · AGRICULTURAL COOPERATIVE · IA · 0% owned · share of income $0 · share of assets $0

Directly controlled by NA
VIAFIELD

C · AGRICULTURAL PRODUCTS & SVCS · IA · 0% owned · share of income $0 · share of assets $0

Directly controlled by NA
UNITED FARMERS COOPERATIVE

C · WHOLESALE FERTILIZERS · IA · 0% owned · share of income $0 · share of assets $0

Directly controlled by NA
STATELINE COOPERATIVE

C · GRAIN ELEVATOR · 0% owned · share of income $0 · share of assets $0

Directly controlled by NA
UNITED SERVICES ASSOCIATION

C · AGRICULTURAL SERVICE & PRODUCT ASSOC · IA · 0% owned · share of income $0 · share of assets $0

Directly controlled by NA
CONSUMERS COOPERATIVE SOCIETY

C · AGRICULTURAL COOPERATIVE · IA · 0% owned · share of income $0 · share of assets $0

Directly controlled by NA
IA INSTITUTE FOR COOPERATIVES

C · COOPERATIVE ASSOCIATION · IA · 0% owned · share of income $0 · share of assets $0

Directly controlled by NA
GOLD-EAGLE COOPERATIVE

C · INDUSTRIAL ORGANIC CHEMICAL MFG · IA · 0% owned · share of income $0 · share of assets $0

Directly controlled by NA
RIVER VALLEY COOPERATIVE

C · WHOLESALE FERTILIZERS · IA · 0% owned · share of income $0 · share of assets $0

Directly controlled by NA
FARMERS COOPERATIVE CO

C · GRAIN ELEVATORS · IA · 0% owned · share of income $0 · share of assets $0

Directly controlled by NA
UNITED COOPERATIVE

C · GRAIN ELEVATORS · IA · 0% owned · share of income $0 · share of assets $0

Directly controlled by NA
FARM SERVICE COOPERATIVE

C · WHOLESALE FEED DEALER · IA · 0% owned · share of income $0 · share of assets $0

Directly controlled by NA
DUNKERTON COOPERATIVE ELEVATOR

C · GRAIN ELEVATORS · IA · 0% owned · share of income $0 · share of assets $0

Directly controlled by NA
COUNTRY PARTNERS

C · AGRICULTURAL COOP & CONVENIENCE STORE · NE · 0% owned · share of income $0 · share of assets $0

Directly controlled by NA
FARMERS COOPERATIVE CO

C · WHOLESALE FEED · IA · 0% owned · share of income $0 · share of assets $0

Directly controlled by NA
FARMERS UNION COOP SUPPLY

C · GASOLINE SERVICE STATION · NE · 0% owned · share of income $0 · share of assets $0

Directly controlled by NA
HEARTLAND CO-OP

C · AGRICULTURAL COOPERATIVE · IA · 0% owned · share of income $0 · share of assets $0

Directly controlled by NA
BATTLE CREEK FARMERS COOP

C · FARM SUPPLY AND GRAIN MARKETING · NE · 0% owned · share of income $0 · share of assets $0

Directly controlled by NA
ASPINWALL COOPERATIVE COMPANY

C · GRAIN ELEVATORS · IA · 0% owned · share of income $0 · share of assets $0

Directly controlled by NA
COOPERATIVE FARMERS ELEVATOR

C · GRAIN ELEVATORS · IA · 0% owned · share of income $0 · share of assets $0

Directly controlled by NA
KEY COOPERATIVE

C · WHOLESALE GRAIN DEALER · IA · 0% owned · share of income $0 · share of assets $0

Directly controlled by NA
PRO COOPERATIVE

C · AGRICULTURAL COOPERATIVE · IA · 0% owned · share of income $0 · share of assets $0

Directly controlled by NA
COOPERATIVE SUPPLY INC

C · AGRICULTURAL COOPERATIVE · NE · 0% owned · share of income $0 · share of assets $0

Directly controlled by NA
SIOUX HONEY ASSOCIATION

C · WHOLESALE HONEY · IA · 0% owned · share of income $0 · share of assets $0

Directly controlled by NA
MID IOWA COOP

C · WHOLESALE GRAIN DEALER · IA · 0% owned · share of income $0 · share of assets $0

Directly controlled by NA
HULL COOPERATIVE ASSOCIATION

C · WHOLESALE FEED · IA · 0% owned · share of income $0 · share of assets $0

Directly controlled by NA
BUCKINGHAM CO-OPERATIVE CO

C · WHOLESALE GRAIN DEALER · IA · 0% owned · share of income $0 · share of assets $0

Directly controlled by NA
CENTRAL VALLEY AG COOPERATIVE

C · AGRICULTURAL COOPERATIVE · NE · 0% owned · share of income $0 · share of assets $0

Directly controlled by NA
SILVEREDGE COOPERATIVE

C · WHOLESALE FEED · IA · 0% owned · share of income $0 · share of assets $0

Directly controlled by NA
FARMERS COOPERATIVE SOCIETY

C · LIVESTOCK SERVICES & GRAIN ELEVATORS · IA · 0% owned · share of income $0 · share of assets $0

Directly controlled by NA
TAMA-BENTON COOPERATIVE

C · WHOLESALE GRAIN DEALER · IA · 0% owned · share of income $0 · share of assets $0

Directly controlled by NA
NORTH IOWA MUNICIPAL ELECTRIC COOP ASSOC

C · ELECTRIC COOPERATIVE · IA · 0% owned · share of income $0 · share of assets $0

Directly controlled by NA
21ST CENTURY COOPERATIVE CO

C · WHOLESALE GAS LIQUEFIED PETROLEUM · IA · 0% owned · share of income $0 · share of assets $0

Directly controlled by NA
FARMERS WIN COOPERATIVE

C · WHOLESALE GRAIN DEALER · IA · 0% owned · share of income $0 · share of assets $0

Directly controlled by NA
PRODUCERS LIVESTOCK MKT ASSOC

C · LIVESTOCK SOURCING & MARKETING · NE · 0% owned · share of income $0 · share of assets $0

Directly controlled by NA
W & H COOPERATIVE OIL CO

C · GASOLINE SERVICE STATION · IA · 0% owned · share of income $0 · share of assets $0

Directly controlled by NA
FARMERS COOPERATIVE COMPANY

C · GENERAL FARMING-CROP · IA · 0% owned · share of income $0 · share of assets $0

Directly controlled by NA
TWO RIVERS COOPERATIVE

C · WHOLESALE FERTILIZERS · IA · 0% owned · share of income $0 · share of assets $0

Directly controlled by NA
INNOVATIVE AG SERVICES CO

C · FARM COOPERATIVE · IA · 0% owned · share of income $0 · share of assets $0

Directly controlled by NA
MULTI-COUNTY OIL

C · GASOLINE SERVICE STATIONS · IA · 0% owned · share of income $0 · share of assets $0

Directly controlled by NA
AG VALLEY CO-OP NON-STOCK

C · WHOLESALE GRAIN DEALER · NE · 0% owned · share of income $0 · share of assets $0

Directly controlled by NA
CEDAR FALLS COMMUNITY CREDIT UNION

C · COOPERATIVE CREDIT UNION · IA · 0% owned · share of income $0 · share of assets $0

Directly controlled by NA
AG VENTURES ALLIANCE COOP

C · BUS.DEV.ORG.FOR VALUE ADDED AG VENTURES · IA · 0% owned · share of income $0 · share of assets $0

Directly controlled by NA
PETROLEUM MKT & CON STORES OF IA DBA FUELIOWA

C · BUS ASSOC TO PROMOTE PETROLEUM MARKETERS & CON STORE OPERATIONS · IA · 0% owned · share of income $0 · share of assets $0

Directly controlled by NA

Provenance

Return type: form_990
Tax year: 2022
Filed: 1 November 2023
IRS schema version: 2022v5.0
Source object: 202343069349301804

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