Skip to content
ProPublica Donate
ProPublica Donate

First State Bank Employee Bnfcry Assoc Hlth & Wlfr Bnfts Tr

  • Bayport, MN
  • Tax-exempt since Sept. 1989
  • EIN: 41-1605340

Organization summary

Type of Nonprofit

Designated as a Voluntary employees' beneficiary associations, which provide payment of life, sickness, accident or other benefits to members.

Donations to this organization are not tax deductible.

Summary charts: organization finances over time

Revenue
$231k (2024)

Expenses
$0 (2024)

Total Assets
$1.79M (2024)

Total Liabilities
$0 (2024)

Source: Form 990 tax filings from 2011 to 2024

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2024

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$231,341
Expenses
$0
Net Income
$231,341
Net Assets
$1,785,100
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $56,312
24.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $175,029
75.7%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,785,100
Total Liabilities $0
Net Assets $1,785,100
Compensation
Key Employees and Officers Compensation Related Other
First State Bank And Trust (Trustee) $0 $0 $16,402
Peter Matzek (Cfo) $0 $0 $0
Chad A Fett (President Trust) $0 $0 $0
Jason Howard (President) $0 $0 $0
+ View more people

Document Links

990
Filed on May 1, 2025

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$123,246
Expenses
$0
Net Income
$123,246
Net Assets
$1,600,991
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $44,183
35.8%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $79,063
64.2%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,600,991
Total Liabilities $0
Net Assets $1,600,991
Compensation
Key Employees and Officers Compensation Related Other
First State Bank And Trust (Trustee) $0 $0 $0
Peter Matzek (Cfo) $0 $0 $0
Chad A Fett (President Trust) $0 $0 $0
Jason Howard (President) $0 $0 $0
+ View more people

Document Links

990
Filed on April 24, 2024

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$49,855
Expenses
$0
Net Income
$49,855
Net Assets
$1,365,285
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $49,855
100%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,365,285
Total Liabilities $0
Net Assets $1,365,285
Compensation
Key Employees and Officers Compensation Related Other
First State Bank And Trust (Trustee) $0 $0 $0
Peter Matzek (Cfo) $0 $0 $0
Chad A Fett (President Trust) $0 $0 $0
Jason Howard (President) $0 $0 $0
+ View more people

Document Links

990
Filed on April 17, 2023

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$46,244
Expenses
$0
Net Income
$46,244
Net Assets
$1,639,467
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $30,664
66.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $15,580
33.7%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,639,467
Total Liabilities $0
Net Assets $1,639,467
Compensation
Key Employees and Officers Compensation Related Other
First State Bank And Trust (Trustee) $0 $0 $0
Peter J Clements (Ceo) $0 $0 $0
Chad A Fett (President ) $0 $0 $0
Jason Howard (President) $0 $0 $0
+ View more people

Document Links

990
Filed on April 10, 2022

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$43,846
Expenses
$0
Net Income
$43,846
Net Assets
$1,405,165
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $25,212
57.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $18,634
42.5%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,405,165
Total Liabilities $0
Net Assets $1,405,165
Compensation
Key Employees and Officers Compensation Related Other
First State Bank And Trust (Trustee) $0 $0 $0
Peter J Clements (Ceo) $0 $0 $0
Chad A Fett (President ) $0 $0 $0
Jason Howard (President) $0 $0 $0
+ View more people

Document Links

990
Filed on April 8, 2021

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$36,972
Expenses
$0
Net Income
$36,972
Net Assets
$1,242,058
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $28,493
77.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $8,479
22.9%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,242,058
Total Liabilities $0
Net Assets $1,242,058
Compensation
Key Employees and Officers Compensation Related Other
First State Bank And Trust (Trustee) $0 $0 $0
Peter J Clements (Ceo) $0 $0 $0
Chad A Fett (President ) $0 $0 $0
Jason Howard (President) $0 $0 $0
+ View more people

Document Links

990
Filed on May 5, 2020

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$34,390
Expenses
$0
Net Income
$34,390
Net Assets
$1,022,337
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $26,696
77.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $7,694
22.4%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,022,337
Total Liabilities $0
Net Assets $1,022,337
Compensation
Key Employees and Officers Compensation Related Other
First State Bank And Trust (Trustee) $0 $0 $0
Peter J Clements (Ceo/Presiden) $0 $0 $0
Chad A Fett (Evp Trust) $0 $0 $0
Jason Howard (Cfo) $0 $0 $0
+ View more people

Document Links

990
Filed on April 9, 2019

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$33,398
Expenses
$0
Net Income
$33,398
Net Assets
$1,084,707
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $24,639
73.8%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $8,759
26.2%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,084,707
Total Liabilities $0
Net Assets $1,084,707
Compensation
Key Employees and Officers Compensation Related Other
First State Bank And Trust (Trustee) $0 $0 $0
Peter J Clements (Ceo/Presiden) $0 $0 $0
Chad A Fett (Evp Trust) $0 $0 $0
Jason Howard (Cfo) $0 $0 $0
+ View more people

Document Links

990
Filed on April 2, 2018

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$30,674
Expenses
$0
Net Income
$30,674
Net Assets
$948,379
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $23,495
76.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $7,179
23.4%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $948,379
Total Liabilities $0
Net Assets $948,379
Compensation
Key Employees and Officers Compensation Related Other
First State Bank And Trust (Trustee) $0 $0 $0
Peter J Clements (Director) $0 $0 $0
Chad A Fett (Director) $0 $0 $0
Jason Howard (Director) $0 $0 $0
+ View more people

Document Links

990
Filed on April 27, 2017

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$26,645
Expenses
$0
Net Income
$26,645
Net Assets
$876,556
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $21,357
80.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $5,288
19.8%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $876,556
Total Liabilities $0
Net Assets $876,556
Compensation
Key Employees and Officers Compensation Related Other
First State Bank And Trust (Trustee) $0 $0 $0
Peter J Clements (Director) $0 $0 $0
Chad A Fett (Director) $0 $0 $0
Jason Howard (Director) $0 $0 $0
+ View more people

Document Links

990
Filed on May 16, 2016

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$38,349
Expenses
$0
Net Income
$38,349
Net Assets
$888,173
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $21,878
57.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $16,471
43.0%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $888,173
Total Liabilities $0
Net Assets $888,173
Compensation
Key Employees and Officers Compensation Related Other
First State Bank And Trust (Trustee) $0 $0 $0
Peter J Clements (Director) $0 $0 $0
Chad A Fett (Director) $0 $0 $0
Jason Howard (Director) $0 $0 $0
+ View more people

Document Links

990
Filed on May 4, 2015

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$322,375
Expenses
$242,397
Net Income
$79,978
Net Assets
$839,049
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $242,397
75.2%
Investment Income $18,706
5.8%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $61,272
19.0%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $839,049
Total Liabilities $0
Net Assets $839,049
Compensation
Key Employees and Officers Compensation Related Other
First State Bank And Trust (Trustee) $0 $0 $0
Peter J Clements (Director) $0 $0 $0
Chad A Fett (Director) $0 $0 $0
Jason Howard (Director) $0 $0 $0
+ View more people

Document Links

990
Filed on May 12, 2014

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$592,769
Expenses
$570,834
Net Income
$21,935
Net Assets
$717,774
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $570,834
96.3%
Investment Income $18,384
3.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $3,551
0.6%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $717,774
Total Liabilities $0
Net Assets $717,774

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$570,348
Expenses
$551,483
Net Income
$18,865
Net Assets
$632,884
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $551,483
96.7%
Investment Income $18,865
3.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $632,884
Total Liabilities $0
Net Assets $632,884

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF
990-EZ

Short form tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990-EZ

Short form tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2004

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

About This Data

What Is This Data?

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

API

The data powering this website is available programmatically, via an API. Read the API documentation »

See an issue with the data?

Contact Us

About Nonprofit Explorer

Nonprofit Explorer

Browse millions of annual returns filed by tax-exempt organizations with ProPublica’s Nonprofit Explorer. See details like executive compensation, revenue, expenses and more. Search for an organization or a person, or search the full text of filings.

By Andrea Suozzo, Alec Glassford, Ash Ngu and Brandon Roberts.

Design by Jeff Frankl. Additional development by Ken Schwencke, Mike Tigas, and Sisi Wei.

E-file viewer adapted from IRS e-File Viewer by Ben Getson. Code for scraping audit documents adapated from Govwiki.

Updated