Farm Credit Foundations Welfare Benefits Trust

Saint Paul, MN
Tax-exempt since June 1972
EIN: 48-6173114

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Type of Nonprofit

Designated as a 501(c)(9) Voluntary employees' beneficiary associations, which provide payment of life, sickness, accident or other benefits to members.

Donations to this organization are not tax deductible.

Revenue

$205M (2023)

Expenses

$211M (2023)

Total Assets

$16.4M (2023)

Total Liabilities

$13.9M (2023)

Source: Form 990 tax filings from 2011 to 2023

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.
2023

Revenue

$205,176,297

Expenses

$210,937,106

Net Income

-$5,760,809

Net Assets

$2,521,905

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$204,000,926	99.4%
Investment Income	$1,175,371	0.6%
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	$16,421,770
Total Liabilities	$13,899,865
Net Assets	$2,521,905

Compensation

Key Employees and Officers	Compensation	Related	Other
Kim Brunner (Executive Vp & Cfo)	$0	$0	$0
Tim Koch (Executive Vp Business Develop)	$0	$0	$0
Jeff Moore (Cfo)	$0	$0	$0
John Phelan (Chief Cr Officer)	$0	$0	$0
Bob Rhode (Svp & General Counsel)	$0	$0	$0
Jerry Rose (Evp Chief Strategy Officer)	$0	$0	$0
Kevin Swayne (Ceo)	$0	$0	$0
Heather Vidourek (Chief Admin Officer)	$0	$0	$0
Jase Wagner (Ceo)	$0	$0	$0

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990

Filed on Oct. 15, 2024

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

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2022

Revenue

$190,444,638

Expenses

$197,996,193

Net Income

-$7,551,555

Net Assets

$8,282,714

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$189,888,328	99.7%
Investment Income	$556,310	0.3%
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	$25,396,278
Total Liabilities	$17,113,564
Net Assets	$8,282,714

Compensation

Key Employees and Officers	Compensation	Related	Other
Steve Harrington (Vp & Ceo)	$0	$0	$0
Aaron Johnson (President/Ceo)	$0	$0	$0
Craig Kinnison (Sr Vp/ Cfo)	$0	$0	$0
Jeff Moore (Cfo)	$0	$0	$0
John Phelan (Vp/Cco)	$0	$0	$0
Jerry Rose (Evp Chief Risk Officer)	$0	$0	$0
Kevin Swayne (Ceo)	$0	$0	$0
Heather Vidourek (Sr Vp Hr)	$0	$0	$0
Jase Wagner (Cfo)	$0	$0	$0

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990

Filed on Oct. 3, 2023

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

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Schedules ▼

XML

Fiscal Year Ending Dec.
2021

Revenue

$174,673,775

Expenses

$184,934,418

Net Income

-$10,260,643

Net Assets

$15,834,269

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$174,541,116	99.9%
Investment Income	$132,659	0.1%
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	$32,294,859
Total Liabilities	$16,460,590
Net Assets	$15,834,269

Compensation

Key Employees and Officers	Compensation	Related	Other
See Attached Plan Member Listing (See Attached Listing)	$0	$0	$0

990

Filed on Oct. 4, 2022

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

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2020

Revenue

$171,856,063

Expenses

$158,182,483

Net Income

$13,673,580

Net Assets

$26,094,912

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$171,763,473	99.9%
Investment Income	$92,590	0.1%
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	$39,390,453
Total Liabilities	$13,295,541
Net Assets	$26,094,912

Compensation

Key Employees and Officers	Compensation	Related	Other
See Attached Plan Member Listing (See Attached Listing)	$0	$0	$0

990

Filed on Oct. 25, 2021

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

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2019

Revenue

$148,642,084

Expenses

$154,589,441

Net Income

-$5,947,357

Net Assets

$12,421,332

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$147,962,858	99.5%
Investment Income	$679,226	0.5%
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	$23,493,797
Total Liabilities	$11,072,465
Net Assets	$12,421,332

990

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

PDF

Fiscal Year Ending Dec.
2018

Revenue

$147,362,543

Expenses

$148,458,563

Net Income

-$1,096,020

Net Assets

$18,368,689

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$146,828,090	99.6%
Investment Income	$534,453	0.4%
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	$31,035,147
Total Liabilities	$12,666,458
Net Assets	$18,368,689

990

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

PDF

Fiscal Year Ending Dec.
2017

Revenue

$147,044,940

Expenses

$142,509,463

Net Income

$4,535,477

Net Assets

$19,464,709

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$146,852,722	99.9%
Investment Income	$192,218	0.1%
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	$29,694,568
Total Liabilities	$10,229,859
Net Assets	$19,464,709

990

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

PDF

Fiscal Year Ending Dec.
2016

Revenue

$139,932,152

Expenses

$138,022,646

Net Income

$1,909,506

Net Assets

$14,929,232

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$139,899,104	100.0%
Investment Income	$33,048	0.0%
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	$26,136,946
Total Liabilities	$11,207,714
Net Assets	$14,929,232

990

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

PDF

Fiscal Year Ending Dec.
2015

Revenue

$134,270,865

Expenses

$126,543,403

Net Income

$7,727,462

Net Assets

$13,019,726

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$134,267,222	100.0%
Investment Income	$3,643	0.0%
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	$22,755,937
Total Liabilities	$9,736,211
Net Assets	$13,019,726

990

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

PDF

Fiscal Year Ending Dec.
2014

Revenue

$120,893,354

Expenses

$126,206,114

Net Income

-$5,312,760

Net Assets

$5,292,264

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$120,891,659	100.0%
Investment Income	$1,695	0.0%
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	$14,297,533
Total Liabilities	$9,005,269
Net Assets	$5,292,264

990

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

PDF

Fiscal Year Ending Dec.
2013

Revenue

$113,420,294

Expenses

$109,945,490

Net Income

$3,474,804

Net Assets

$10,605,024

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$113,418,515	100.0%
Investment Income	$1,779	0.0%
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	$18,257,656
Total Liabilities	$7,652,632
Net Assets	$10,605,024

990

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

PDF

Fiscal Year Ending Dec.
2012

Revenue

$102,636,106

Expenses

$104,305,173

Net Income

-$1,669,067

Net Assets

$7,130,220

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$102,634,191	100.0%
Investment Income	$1,915	0.0%
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	$14,909,048
Total Liabilities	$7,778,828
Net Assets	$7,130,220

990

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

PDF

Fiscal Year Ending Dec.
2011

Revenue

$98,605,957

Expenses

$93,341,793

Net Income

$5,264,164

Net Assets

$8,799,287

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$98,603,249	100.0%
Investment Income	$2,708	0.0%
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	$15,439,784
Total Liabilities	$6,640,497
Net Assets	$8,799,287

990

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

PDF

PDF (2 of 2)

Fiscal Year Ending Dec.
2005

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

990

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

About 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 »

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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.

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By Andrea Suozzo, Alec Glassford and Ash Ngu, ProPublica, and Brandon Roberts, Special to ProPublica.
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E-file viewer adapted from IRS e-File Viewer by Ben Getson. Code for scraping audit documents adapated from Govwiki.

Updated December 20, 2024

Farm Credit Foundations Welfare Benefits Trust

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $205M (2023)

Expenses $211M (2023)

Total Assets $16.4M (2023)

Total Liabilities $13.9M (2023)

Tax Filings by Year

Fiscal Year Ending Dec. 2023

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2022

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2020

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from Form 990

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990

Fiscal Year Ending Dec. 2018

Extracted Financial Data

Extracted Financial Data from Form 990

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990

Fiscal Year Ending Dec. 2017

Extracted Financial Data

Extracted Financial Data from Form 990

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990

Fiscal Year Ending Dec. 2016

Extracted Financial Data

Extracted Financial Data from Form 990

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990

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990

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990

Fiscal Year Ending Dec. 2013

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Dec. 2012

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Dec. 2011

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Dec. 2010

No Extracted Financial Data

Revenue

$205M (2023)

Expenses

$211M (2023)

Total Assets

$16.4M (2023)

Total Liabilities

$13.9M (2023)

Fiscal Year Ending Dec.
2023

Fiscal Year Ending Dec.
2022

Fiscal Year Ending Dec.
2021

Fiscal Year Ending Dec.
2020

Fiscal Year Ending Dec.
2019

Fiscal Year Ending Dec.
2018

Fiscal Year Ending Dec.
2017

Fiscal Year Ending Dec.
2016

Fiscal Year Ending Dec.
2015

Fiscal Year Ending Dec.
2014

Fiscal Year Ending Dec.
2013

Fiscal Year Ending Dec.
2012

Fiscal Year Ending Dec.
2011

Fiscal Year Ending Dec.
2010

Fiscal Year Ending Dec.
2009

Fiscal Year Ending Dec.
2008

Fiscal Year Ending Dec.
2007

Fiscal Year Ending Dec.
2006

Fiscal Year Ending Dec.
2005

Fiscal Year Ending Dec.
2004

Fiscal Year Ending Dec.
2003