Civic Intelligence

Employer-Contribution Veba Trust Depauw University

EIN 04-3838438 • 501(c)9 • Greencastle, IN

Profile

To provide health benefits to eligible employees and retirees and their spouses and dependents, although other benefits may be provided as described in the plan document.

PO Box 37Greencastle, IN 46135

n/a

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

27th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)9 • $10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

31st percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)9 • $10M-$25M nonprofits • Source year 2024

Net Margin

86th percentile

45%

Higher net margin than 86% of similar nonprofits.

501(c)9 • $10M-$25M nonprofits • Source year 2024

Top Officer Pay

90th percentile

$310,410

Higher top officer pay than 90% of similar nonprofits.

Top officer pay equals 48.9% of source-year revenue.

501(c)9 • $10M-$25M nonprofits • Source year 2024

Asset Growth

51st percentile

6.9%

Faster asset growth than 51% of similar nonprofits.

501(c)9 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Revenue Growth

95th percentile

129%

Faster revenue growth than 95% of similar nonprofits.

501(c)9 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Assets

Up

$12,601,149

Up $810,315 (+6.9%) from 2023

Liabilities

Flat

$0

Flat from 2023

Net Assets

Up

$12,601,149

Up $810,315 (+6.9%) from 2023

Revenue

Up

$634,441

Up $357,792 (+129%) from 2023

Expenses

Up

$347,438

Up $23,404 (+7.2%) from 2023

Net Income

Up

$287,003

Up $334,388 (+706%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$15M$10M$5.0M$0Assets 2011: $4,292,664Liabilities 2011: $0Net Assets 2011: $4,292,6642011Assets 2012: $5,413,468Liabilities 2012: $0Net Assets 2012: $5,413,4682012Assets 2013: $6,847,933Liabilities 2013: $0Net Assets 2013: $6,847,9332013Assets 2014: $7,529,900Liabilities 2014: $0Net Assets 2014: $7,529,9002014Assets 2015: $7,476,137Liabilities 2015: $0Net Assets 2015: $7,476,1372015Assets 2016: $8,110,323Liabilities 2016: $0Net Assets 2016: $8,110,3232016Assets 2017: $9,475,410Liabilities 2017: $0Net Assets 2017: $9,475,4102017Assets 2018: $8,900,018Liabilities 2018: $0Net Assets 2018: $8,900,0182018Assets 2019: $10,454,454Liabilities 2019: $0Net Assets 2019: $10,454,4542019Assets 2020: $11,803,167Liabilities 2020: $0Net Assets 2020: $11,803,1672020Assets 2021: $12,905,071Liabilities 2021: $0Net Assets 2021: $12,905,0712021Assets 2022: $10,584,583Liabilities 2022: $0Net Assets 2022: $10,584,5832022Assets 2023: $11,790,834Liabilities 2023: $0Net Assets 2023: $11,790,8342023Assets 2024: $12,601,149Liabilities 2024: $0Net Assets 2024: $12,601,1492024

Highlighted filing

2024

Assets$12,601,149
Liabilities$0
Net Assets$12,601,149

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$2.0M$1.5M$1.0M$500K$0-$500KRevenue 2011: $1,177,683Expenses 2011: $756,264Net Income 2011: $421,4192011Expenses 2012: $723,2332012Revenue 2013: $929,571Expenses 2013: $58,568Net Income 2013: $871,0032013Revenue 2014: $622,279Expenses 2014: $95,934Net Income 2014: $526,3452014Revenue 2015: $408,822Expenses 2015: $99,448Net Income 2015: $309,3742015Revenue 2016: $533,073Expenses 2016: $105,601Net Income 2016: $427,4722016Revenue 2017: $603,164Expenses 2017: $145,181Net Income 2017: $457,9832017Revenue 2018: $877,266Expenses 2018: $238,669Net Income 2018: $638,5972018Revenue 2019: $1,443,117Expenses 2019: $215,035Net Income 2019: $1,228,0822019Revenue 2020: $844,413Expenses 2020: $247,362Net Income 2020: $597,0512020Revenue 2021: $1,907,236Expenses 2021: $315,473Net Income 2021: $1,591,7632021Revenue 2022: $678,203Expenses 2022: $319,201Net Income 2022: $359,0022022Revenue 2023: $276,649Expenses 2023: $324,034Net Income 2023: -$47,3852023Revenue 2024: $634,441Expenses 2024: $347,438Net Income 2024: $287,0032024

Highlighted filing

2024

Revenue$634,441
Expenses$347,438
Net Income$287,003

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$12.6$0.00$12.6$0.63$0.35$0.29
2023Detailed filing. Detailed filing data is available for this year.$11.8$0.00$11.8$0.28$0.32$0.05
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.6$0.00$10.6$0.68$0.32$0.36
2021Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$12.9$0.00$12.9$1.91$0.32$1.59
2020Detailed filing. Detailed filing data is available for this year.$11.8$0.00$11.8$0.84$0.25$0.60
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.5$0.00$10.5$1.44$0.22$1.23
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.90$0.00$8.90$0.88$0.24$0.64
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$9.48$0.00$9.48$0.60$0.15$0.46
2016Detailed filing. Detailed filing data is available for this year.$8.11$0.00$8.11$0.53$0.11$0.43
2015Detailed filing. Detailed filing data is available for this year.$7.48$0.00$7.48$0.41$0.10$0.31
2014Detailed filing. Detailed filing data is available for this year.$7.53$0.00$7.53$0.62$0.10$0.53
2013Detailed filing. Detailed filing data is available for this year.$6.85$0.00$6.85$0.93$0.06$0.87
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.41$0.00$5.41$0.72
2011Summary only. Only limited summary data is available for this year.$4.29$0.00$4.29$1.18$0.76$0.42
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Oct 21, 2025
Return Version
2024v5.1
Gross Receipts
$2,217,473
Mission and Program Overview

Mission

To provide health benefits to eligible employees and retirees and their spouses and dependents, although other benefits may be provided as described in the plan document.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$11,790,834$12,601,149▲ $810,315
Cap Stk Tr Prin Current Funds$11,790,834$12,601,149▲ $810,315
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0--
Investments Program Related$0--
Land, Buildings, and Equipment, Net$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$11,790,834$12,601,149▲ $810,315
Other Assets Total$0$0→ $0
Liabilities
Other Liabilities$0$0→ $0
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$11,790,834$12,601,149▲ $810,315
Total Liabilities and Net Assets / Fund Balance$11,790,834$12,601,149▲ $810,315
Compensation and Service Providers

Board Members and Trustees

NameTitle
Andrea N YoungVice President for Finance and Administration
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$18,360
Investment Income
$616,081
Other Revenue
$0
Change in Net Assets
$287,003

Audited Revenue Reconciliation

Revenue per Audited Statements
$0
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$0
Total Revenue per Form 990
$0
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$138,551
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Benefits to Members---$208,887
Fees for Services Other---$138,551
Total Functional Expenses$0$0$0$347,438

Audited Expense Reconciliation

Line ItemAmount
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Expenses per Audited Statements$0
Other Expense Adjustments$0
Total Expenses per Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 15 PROCESS USED TO ESTABLISH COMPENSATION

The organization's trustee is paid by depauw university, the plan sponsor; therefore, lines 15a and 15b have been answered "no" in accordance with the form 990 instructions.

Form 990, Part VI, Line 8A Documentation of meetings held by governing body

As a veba trust, the organization does not have a governing body; andrea young, an officer of the plan sponsor, is the directed trustee for the organization. All requests received from the plan sponsor or participants are captured through a recorded line or service request.

Form 990, Part VI, Line 8B Documentation of meetings held by committees of governing body

See narrative for Form 990, Part VI, Section B, line 8a.

Form 990, Part VI, Line 11B Review of form 990 by governing body

As a veba trust, the organization does not have a governing body. The organization's form 990 is reviewed and approved by the appointed trustee and appropriate personnel of the plan sponsor prior to filing with the irs.

Form 990, Part VI, Line 19 Required documents available to the public

As a veba trust, the organization has not adopted any formal policies, nor does the organization have any direct employees. The organization follows the documents and policies of the plan sponsor, which are made available upon request. The veba trust's governing plan documents and financial statements are made available to the public on the plan sponsor's human resources website.

Filing and Contact Details

Filer

Filer Name
Employer-Contribution VEBA Trust DePauw University
EIN
04-3838438
Phone
7656584800
Address
PO Box 37, Greencastle, IN 46135

Signing Officer

Name
Andrea N Young
Title
VP for Finance & Administration
Signed
2025-10-21
Discuss with paid preparer
Yes

Organization Details

Formed
2005
Legal Domicile
Mo
Voting Board Members
1
Independent Board Members
0
Employees
0
Volunteers
0

Preparer

Firm
Crowe Llp
Address
701 13th St NW Suite 852, Washington, DC 20005
Preparer
Steve Lenivy
Phone
2026245555
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G Other Fees

Administrative Fees - Total Expense: 138551, Program Service Expense: , Management and General Expenses: , Fundraising Expenses: ;

Financial Statement Notes

Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote

The Internal Revenue Service has determined and informed the University by letters dated August 11, 2006 that the VEBA Trusts qualify under Section 501(c)(9) of the Internal Revenue Code (IRC) and are therefore exempt from federal income taxes. The University is not aware of any courses of action or series of events that have occurred that might adversely affect the Trusts' qualified status. Accounting principles generally accepted in the United States of America require plan management to evaluate tax positions taken by the Plan. The plan administrator has analyzed the tax positions taken by the Plan, and has concluded that as of December 31, 2024 and 2023, there are no uncertain positions taken or expected to be taken that would require recognition of a liability (or asset) or disclosure in the financial statements. The Plan is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress. The plan administrator believes it is no longer subject to income tax examinations for years prior to 2021.

Raw XML Appendix339 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
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IRS990/AllOtherExpensesGrp/TotalAmt00
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IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt01583032
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IRS990/LoansFromOfficersDirectorsGrp/BOYAmt00
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IRS990/LobbyingActivitiesInd0false
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The Internal Revenue Service has determined and informed the University by letters dated August 11, 2006 that the VEBA Trusts qualify under Section 501(c)(9) of the Internal Revenue Code (IRC) and are therefore exempt from federal income taxes. The University is not aware of any courses of action or series of events that have occurred that might adversely affect the Trusts' qualified status. Accounting principles generally accepted in the United States of America require plan management to evaluate tax positions taken by the Plan. The plan administrator has analyzed the tax positions taken by the Plan, and has concluded that as of December 31, 2024 and 2023, there are no uncertain positions taken or expected to be taken that would require recognition of a liability (or asset) or disclosure in the financial statements. The Plan is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress. The plan administrator believes it is no longer subject to income tax examinations for years prior to 2021.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0VICE PRESIDENT FOR FINANCE AND ADMINISTRATION
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0310410
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IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0COMPENSATION FOR THE ORGANIZATION'S TRUSTEE IS PAID BY DEPAUW UNIVERSITY, THE PLAN SPONSOR; THE UNIVERSITY USES THE FOLLOWING METHODS TO DETERMINE COMPENSATION: -COMPENSATION COMMITTEE -FORM 990 OF OTHER ORGANIZATIONS -COMPENSATION SURVEY STUDY -APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule J, Part I, Line 3 ARRANGEMENT USED TO ESTABLISH THE TOP MANAGEMENT OFFICIAL'S COMPENSATION
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION'S TRUSTEE IS PAID BY DEPAUW UNIVERSITY, THE PLAN SPONSOR; THEREFORE, LINES 15A AND 15B HAVE BEEN ANSWERED "NO" IN ACCORDANCE WITH THE FORM 990 INSTRUCTIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1AS A VEBA TRUST, THE ORGANIZATION DOES NOT HAVE A GOVERNING BODY; ANDREA YOUNG, AN OFFICER OF THE PLAN SPONSOR, IS THE DIRECTED TRUSTEE FOR THE ORGANIZATION. ALL REQUESTS RECEIVED FROM THE PLAN SPONSOR OR PARTICIPANTS ARE CAPTURED THROUGH A RECORDED LINE OR SERVICE REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2See narrative for Form 990, Part VI, Section B, line 8a.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3AS A VEBA TRUST, THE ORGANIZATION DOES NOT HAVE A GOVERNING BODY. THE ORGANIZATION'S FORM 990 IS REVIEWED AND APPROVED BY THE APPOINTED TRUSTEE AND APPROPRIATE PERSONNEL OF THE PLAN SPONSOR PRIOR TO FILING WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4AS A VEBA TRUST, THE ORGANIZATION HAS NOT ADOPTED ANY FORMAL POLICIES, NOR DOES THE ORGANIZATION HAVE ANY DIRECT EMPLOYEES. THE ORGANIZATION FOLLOWS THE DOCUMENTS AND POLICIES OF THE PLAN SPONSOR, WHICH ARE MADE AVAILABLE UPON REQUEST. THE VEBA TRUST'S GOVERNING PLAN DOCUMENTS AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC ON THE PLAN SPONSOR'S HUMAN RESOURCES WEBSITE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Administrative Fees - Total Expense: 138551, Program Service Expense: , Management and General Expenses: , Fundraising Expenses: ;
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 15 PROCESS USED TO ESTABLISH COMPENSATION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 8a Documentation of meetings held by governing body
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 8b Documentation of meetings held by committees of governing body
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 11b Review of form 990 by governing body
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Line 19 Required documents available to the public
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part IX, Line 11g Other Fees
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0350869045
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(c)(3)
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0HIGHER EDUCATION
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0313 SOUTH LOCUST STREET
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0GREENCASTLE
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IRS990/TotalVolunteersCnt00
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IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt012601149
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IRS990/USAddress/AddressLine1Txt0313 South Locust Street
IRS990/USAddress/CityNm0Greencastle
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IRS990/USAddress/ZIPCd046135
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ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Andrea N Young
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0VP FOR FINANCE & ADMINISTRATION
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-10-21
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Employer-Contribution VEBA Trust DePauw University
ReturnHeader/Filer/BusinessNameControlTxt0EMPL
ReturnHeader/Filer/EIN0043838438
ReturnHeader/Filer/PhoneNum07656584800
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO Box 37
ReturnHeader/Filer/USAddress/CityNm0Greencastle
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IN
ReturnHeader/Filer/USAddress/ZIPCd046135
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0350921680
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0CROWE LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0701 13th St NW Suite 852
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Washington
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0DC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd020005
ReturnHeader/PreparerPersonGrp/PhoneNum02026245555
ReturnHeader/PreparerPersonGrp/PreparationDt02025-10-21
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Steve Lenivy
ReturnHeader/ReturnTs02025-10-21T14:21:50+00:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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