Civic Intelligence

Gentex Corporation Voluntary Employees Beneficiary Assoc Trust

990EZ • Fiscal year 2013 • EIN 38-3068590

Jan 01, 2013 to Dec 31, 2013 • Filed on Aug 13, 2014

600 North Centennial Street49464

(616) 772-1800

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on this filing.

Source year 2013

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2013

Net Margin

80th percentile

29%

Higher net margin than 80% of similar nonprofits.

2013 filings • 501(c)9 • <$500k nonprofits • Source year 2013

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2013

Asset Growth

75th percentile

13%

Faster asset growth than 75% of similar nonprofits.

2013 filings • 501(c)9 • <$500k nonprofits • Annualized from 2012 to 2013

Revenue Growth

21st percentile

-25%

Faster revenue growth than 21% of similar nonprofits.

2013 filings • 501(c)9 • <$500k nonprofits • Annualized from 2012 to 2013

Assets

Up

$73,595

Up $8,403 (+13%) from 2012

Net Assets

$73,595

No earlier filing loaded for comparison.

Liabilities

Flat

$0

Flat from 2012

Revenue

Down

$29,323

Down $9,885 (-25%) from 2012

Expenses

Down

$20,920

Down $5,420 (-21%) from 2012

Net Income

Down

$8,403

Down $4,465 (-35%) from 2012

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$80K$60K$40K$20K$0Assets 2011: $52,324Liabilities 2011: $02011Assets 2012: $65,192Liabilities 2012: $02012Assets 2013: $73,595Liabilities 2013: $0Net Assets 2013: $73,5952013

Highlighted filing

2013

Assets$73,595
Liabilities$0
Net Assets$73,595

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$60K$40K$20K$0Revenue 2011: $52,085Expenses 2011: $37,853Net Income 2011: $14,2322011Revenue 2012: $39,208Expenses 2012: $26,340Net Income 2012: $12,8682012Revenue 2013: $29,323Expenses 2013: $20,920Net Income 2013: $8,4032013

Highlighted filing

2013

Revenue$29,323
Expenses$20,920
Net Income$8,403
Jump To
Filing Snapshot
Filing Period
Jan 1, 2013 to Dec 31, 2013
Signed
Aug 13, 2014
Return Version
2013v3.1
Gross Receipts
$29,323
Mission and Program Overview

Mission

Employee trust fund to provide for the payment of certain life, sick and accident and other benefits to eligible employees.

Program Services

DescriptionGrantsExpenses
THE GENTEX CORPORATION VOLUNTARY EMPLOYEE'S BENEFIT ASSOCIATION (VEBA) TRUST PAYS ELIGIBLE AND PARTICIPATING EMPLOYEES A MONETARY BENEFIT FOR INVOLUNTARY WORK LOSS RELATED TO A PHYSICAL ACCIDENT OR DISABILITY. THE GENTEX VEBA PAID 30 CONTRIBUTING EMPLOYEES A TOTAL OF 18,620 IN SICKNESS AND ACCIDENT BENEFITS DURING 2013.--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
KIM GARZAPresident-$0--
KRISTIN SCHUONSecretary-$0--
STEVEN DOWNINGTreasurer-$0--
Filing and Contact Details

Filer

EIN
38-3068590

Signing Officer

Name
Steven a Downing
Title
Treasurer
Signed
2014-08-13

Preparer

Preparer
Joseph Kuiper
Phone
6167724615
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 8

Reprint fees 729 total 729

Form 990-ez, Part II, Line 24

Interest receivable 26 0 employee contribution receivable 663 0 total 689 0

Form 990-ez, Part III

Employee trust fund to provide for the payment of certain life, sick and accident and other benefits to eligible employees.

Form 990-ez, Part III, Line 28

The gentex corporation voluntary employee's benefit association (veba) trust pays eligible and participating employees a monetary benefit for involuntary work loss related to a physical accident or disability. The gentex veba paid 30 contributing employees a total of 18,620 in sickness and accident benefits during 2013.

Form 990-ez, Part V, Line 34

A termination amendment, dated december 19, 2013, was added to the gentex corporation veba document. The amendment terminates the plan effective december 31, 2013. No further contributions will be made to the plan after the effective date and no benefits will be paid for claims incurred after the effective date. The net remaining assets of the plan are to be distributed on a pro rata basis to plan participants who are still employed by the compnay on march 31, 2014, and have never received benefits.

Raw XML Appendix102 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
CompensationExplanation/CompensationExplanationGrp/PersonNm0KIM GARZA
CompensationExplanation/CompensationExplanationGrp/PersonNm1KRISTIN SCHUON
CompensationExplanation/CompensationExplanationGrp/PersonNm2STEVEN DOWNING
IRS990EZ/ActivitiesNotPreviouslyRptInd0false
IRS990EZ/BenefitsPaidToOrForMembersAmt018620
IRS990EZ/BooksInCareOfDetail/PersonNm0CRISTA HODGKINSON
IRS990EZ/BooksInCareOfDetail/PhoneNum06167721800
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine10600 NORTH CENTENNIAL STREET
IRS990EZ/BooksInCareOfDetail/USAddress/City0ZEELAND
IRS990EZ/BooksInCareOfDetail/USAddress/State0MI
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCode0494641318
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt064503
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt073595
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0true
IRS990EZ/ContributionsGiftsGrantsEtcAmt028417
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/ExcessOrDeficitForYearAmt08403
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt02300
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt065192
IRS990EZ/Form990TotalAssetsGrp/EOYAmt073595
IRS990EZ/GrossReceiptsAmt029323
IRS990EZ/InfoInScheduleOPartIIIInd0X
IRS990EZ/InfoInScheduleOPartIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/InfoInScheduleOPartVInd0X
IRS990EZ/InvestmentIncomeAmt0177
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MethodOfAccountingOtherDesc0MODIFIED CASH
IRS990EZ/NetAssetsOrFundBalancesBOYAmt065192
IRS990EZ/NetAssetsOrFundBalancesEOYAmt073595
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt065192
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt073595
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt01.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt11.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt21.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0KIM GARZA
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1KRISTIN SCHUON
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2STEVEN DOWNING
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1SECRETARY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2TREASURER
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501cInd0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherAssetsTotalDetail/BOYAmt0689
IRS990EZ/OtherRevenueTotalAmt0729
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0EMPLOYEE TRUST FUND TO PROVIDE FOR THE PAYMENT OF CERTAIN LIFE, SICK AND ACCIDENT AND OTHER BENEFITS TO ELIGIBLE EMPLOYEES.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0THE GENTEX CORPORATION VOLUNTARY EMPLOYEE'S BENEFIT ASSOCIATION (VEBA) TRUST PAYS ELIGIBLE AND PARTICIPATING EMPLOYEES A MONETARY BENEFIT FOR INVOLUNTARY WORK LOSS RELATED TO A PHYSICAL ACCIDENT OR DISABILITY. THE GENTEX VEBA PAID 30 CONTRIBUTING EMPLOYEES A TOTAL OF 18,620 IN SICKNESS AND ACCIDENT BENEFITS DURING 2013.
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt020920
IRS990EZ/TotalRevenueAmt029323
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TypeOfOrganizationTrustInd0X
IRS990EZ/WebsiteAddressTxt0N/A
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0REPRINT FEES 729 TOTAL 729
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1INTEREST RECEIVABLE 26 0 EMPLOYEE CONTRIBUTION RECEIVABLE 663 0 TOTAL 689 0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2EMPLOYEE TRUST FUND TO PROVIDE FOR THE PAYMENT OF CERTAIN LIFE, SICK AND ACCIDENT AND OTHER BENEFITS TO ELIGIBLE EMPLOYEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE GENTEX CORPORATION VOLUNTARY EMPLOYEE'S BENEFIT ASSOCIATION (VEBA) TRUST PAYS ELIGIBLE AND PARTICIPATING EMPLOYEES A MONETARY BENEFIT FOR INVOLUNTARY WORK LOSS RELATED TO A PHYSICAL ACCIDENT OR DISABILITY. THE GENTEX VEBA PAID 30 CONTRIBUTING EMPLOYEES A TOTAL OF 18,620 IN SICKNESS AND ACCIDENT BENEFITS DURING 2013.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4A TERMINATION AMENDMENT, DATED DECEMBER 19, 2013, WAS ADDED TO THE GENTEX CORPORATION VEBA DOCUMENT. THE AMENDMENT TERMINATES THE PLAN EFFECTIVE DECEMBER 31, 2013. NO FURTHER CONTRIBUTIONS WILL BE MADE TO THE PLAN AFTER THE EFFECTIVE DATE AND NO BENEFITS WILL BE PAID FOR CLAIMS INCURRED AFTER THE EFFECTIVE DATE. THE NET REMAINING ASSETS OF THE PLAN ARE TO BE DISTRIBUTED ON A PRO RATA BASIS TO PLAN PARTICIPANTS WHO ARE STILL EMPLOYED BY THE COMPNAY ON MARCH 31, 2014, AND HAVE NEVER RECEIVED BENEFITS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 8
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART II, LINE 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART III
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART III, LINE 28
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990-EZ, PART V, LINE 34
ReturnHeader/BuildTS02015-11-30 17:44:51Z
ReturnHeader/BusinessOfficerGrp/PersonNm0STEVEN A DOWNING
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/SignatureDt02014-08-13
ReturnHeader/Filer/BusinessName/BusinessNameLine10GENTEX CORPORATION VOLUNTARY
ReturnHeader/Filer/BusinessName/BusinessNameLine20EMPLOYEES' BENEFICIARY ASSOC TRUST
ReturnHeader/Filer/BusinessNameControlTxt0GENT
ReturnHeader/Filer/EIN0383068590
ReturnHeader/Filer/USAddress/AddressLine10600 NORTH CENTENNIAL STREET
ReturnHeader/Filer/USAddress/City0ZEELAND
ReturnHeader/Filer/USAddress/State0MI
ReturnHeader/Filer/USAddress/ZIPCode049464
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0382157876
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine10KIEKOVER SCHOLMA & SHUMAKER PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine10PO BOX 280
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/City0ZEELAND
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/State0MI
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCode0494640280
ReturnHeader/PreparerPersonGrp/PhoneNum06167724615
ReturnHeader/PreparerPersonGrp/PreparationDt02014-08-13
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JOSEPH KUIPER
ReturnHeader/ReturnTs02014-08-13T15:56:48-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02013-01-01
ReturnHeader/TaxPeriodEndDt02013-12-31
ReturnHeader/TaxYr02013

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