Civic Intelligence

Budd Group Veba

990 • Fiscal year 2022 • EIN 90-1138019

Jan 01, 2022 to Dec 31, 2022 • Filed on Mar 24, 2023

PO Box 919798Orlando, FL 32891-9798

(803) 251-1374

Siviq Scores

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

Liabilities / Assets

42nd percentile

0.00x

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

2022 filings • 501(c)9 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

43rd percentile

0.00x

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

2022 filings • 501(c)9 • $1M-$5M nonprofits • Source year 2022

Net Margin

44th percentile

0.4%

Higher net margin than 44% of similar nonprofits.

2022 filings • 501(c)9 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

65th percentile

$4,900

Higher top officer pay than 65% of similar nonprofits.

Top officer pay equals 0.1% of source-year revenue.

2022 filings • 501(c)9 • $1M-$5M nonprofits • Source year 2022

Asset Growth

90th percentile

33%

Faster asset growth than 90% of similar nonprofits.

2022 filings • 501(c)9 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

80th percentile

18%

Faster revenue growth than 80% of similar nonprofits.

2022 filings • 501(c)9 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Assets

Up

$86,113

Up $21,157 (+33%) from 2021

Net Assets

Up

$86,113

Up $21,157 (+33%) from 2021

Liabilities

Flat

$0

Flat from 2021

Revenue

Up

$4,990,811

Up $774,487 (+18%) from 2021

Expenses

Up

$4,969,654

Up $381,320 (+8.3%) from 2021

Net Income

Up

$21,157

Up $393,167 (+106%) from 2021

Historical Trend

Balance Sheet Trend

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

$100K$50K$0Assets 2021: $64,956Liabilities 2021: $0Net Assets 2021: $64,9562021Assets 2022: $86,113Liabilities 2022: $0Net Assets 2022: $86,1132022Assets 2023: $99,286Liabilities 2023: $0Net Assets 2023: $99,2862023Assets 2024: $61,518Liabilities 2024: $0Net Assets 2024: $61,5182024

Highlighted filing

2022

Assets$86,113
Liabilities$0
Net Assets$86,113

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2021: $4,216,324Expenses 2021: $4,588,334Net Income 2021: -$372,0102021Revenue 2022: $4,990,811Expenses 2022: $4,969,654Net Income 2022: $21,1572022Revenue 2023: $5,809,847Expenses 2023: $5,796,673Net Income 2023: $13,1742023Revenue 2024: $5,597,704Expenses 2024: $5,635,474Net Income 2024: -$37,7702024

Highlighted filing

2022

Revenue$4,990,811
Expenses$4,969,654
Net Income$21,157
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Mar 24, 2023
Return Version
2022v5.0
Gross Receipts
$4,990,811
Mission and Program Overview

Mission

To provide employee health care benefits

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$64,956$86,113▲ $21,157
Cap Stk Tr Prin Current Funds$64,956$86,113▲ $21,157
Total Assets$64,956$86,113▲ $21,157
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$64,956$86,113▲ $21,157
Total Liabilities and Net Assets / Fund Balance$64,956$86,113▲ $21,157
Compensation and Service Providers

Employees

NameTitleBaseTotal
Truist BankTrustee$4,900$4,900
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$4,990,102
Investment Income
$709
Other Revenue
$0
Change in Net Assets
$21,157
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$67,007
Salaries, Compensation, and Employee Benefits$4,900
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Benefits to Members$4,897,747--$4,897,747
Fees for Services Other-$67,007-$67,007
Current Officers, Directors, Trustees, and Key Employees$4,900$0-$4,900
Total Functional Expenses$4,902,647$67,007$0$4,969,654
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
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

EXPLANATION FOR FORM 990, PAGE 6, PART VI, LINE 8A

The institutional trustee does not hold meetings.

EXPLANATION FOR FORM 990, PAGE 6, PART VI, LINE 8B

The institutional trustee does not hold meetings.

Form 990, Page 6, Part VI, Line 11-description of Process for Review

Truist bank reviews the completed form 990 return for approval prior to filing of the return.

Form 990, Page 6, Part VI, Line 19

Documents are not required to be made available to the public.

Filing and Contact Details

Filer

Filer Name
Budd Group Veba
EIN
90-1138019
Phone
8032511374
Address
PO BOX 919798, ORLANDO, FL 32891-9798

Signing Officer

Name
Truist Bank
Title
Director
Phone
8032511374
Signed
2023-03-24
Discuss with paid preparer
Yes

Organization Details

Formed
2015
Legal Domicile
Nc
Voting Board Members
1
Independent Board Members
0
Employees
0

Preparer

Firm
Ernst & Young US Llp
Address
40 WESTMINSTER ST STE 800, PROVIDENCE, RI 02903
Preparer
Richard Raleigh
Phone
4014573839
Raw XML Appendix252 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.

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IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
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IRS990/LoanOutstandingInd0false
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IRS990/MoreThan5000KToIndividualsInd0false
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IRS990/NetAssetsOrFundBalancesEOYAmt086113
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd0false
IRS990/OfficerMailingAddressInd0false
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IRS990/OrgDoesNotFollowFASB117Ind0X
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IRS990/RelatedEntityInd0true
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IRS990/ReportLandBuildingEquipmentInd0false
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IRS990/ReportOtherLiabilitiesInd0false
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IRS990/SavingsAndTempCashInvstGrp/BOYAmt064956
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IRS990/ScheduleBRequiredInd0false
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE INSTITUTIONAL TRUSTEE DOES NOT HOLD MEETINGS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE INSTITUTIONAL TRUSTEE DOES NOT HOLD MEETINGS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2TRUIST BANK REVIEWS THE COMPLETED FORM 990 RETURN FOR APPROVAL PRIOR TO FILING OF THE RETURN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DOCUMENTS ARE NOT REQUIRED TO BE MADE AVAILABLE TO THE PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0EXPLANATION FOR FORM 990, PAGE 6, PART VI, LINE 8a
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11-DESCRIPTION OF PROCESS FOR REVIEW
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IRS990ScheduleR/AssetExchangeInd0false
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ReturnHeader/BuildTS02023-04-26 12:10:37Z
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ReturnHeader/Filer/EIN0901138019
ReturnHeader/Filer/PhoneNum08032511374
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ReturnHeader/PreparerPersonGrp/PhoneNum04014573839
ReturnHeader/PreparerPersonGrp/PreparationDt02023-03-24
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0RICHARD RALEIGH
ReturnHeader/ReturnTs02023-05-01T11:00:29-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

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