City Of Raleigh North Carolina Medical Benefits Trust

Des Moines, IA
Tax-exempt since Feb. 1984
EIN: 58-1515861

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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

$71.8M (2023)

Expenses

$72.1M (2023)

Total Assets

$84.9M (2023)

Total Liabilities

$0 (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 July
2023

Revenue

$71,750,282

Expenses

$72,123,961

Net Income

-$373,679

Net Assets

$84,891,034

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$70,974,527	98.9%
Investment Income	$2,666,396	3.7%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	-$1,924,748
Net Inventory Sales	$0
Other Revenue	$34,107	0.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$23,700	0.0%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$84,891,034
Total Liabilities	$0
Net Assets	$84,891,034

Compensation

Key Employees and Officers	Compensation	Related	Other
Principal Financial Group (Trustee)	$23,700	$0	$0

990

Filed on Dec. 7, 2023

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

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending July
2022

Revenue

$76,909,925

Expenses

$70,871,829

Net Income

$6,038,096

Net Assets

$85,320,655

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$58,183,409	75.7%
Investment Income	$1,605,342	2.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$2,537,591	3.3%
Net Inventory Sales	$0
Other Revenue	$14,583,583	19.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$41,845	0.1%

Assets/Debt
Total Assets	$85,320,655
Total Liabilities	$0
Net Assets	$85,320,655

Compensation

Key Employees and Officers	Compensation	Related	Other
Principal Financial Group (Trustee)	$41,845	$0	$0

990

Filed on Nov. 13, 2022

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

View Filing

Schedules ▼

XML

Fiscal Year Ending July
2021

Revenue

$80,984,147

Expenses

$67,346,613

Net Income

$13,637,534

Net Assets

$79,319,627

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$72,121,577	89.1%
Investment Income	$1,309,117	1.6%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$7,535,358	9.3%
Net Inventory Sales	$0
Other Revenue	$18,095	0.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$105,014	0.2%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$79,319,627
Total Liabilities	$0
Net Assets	$79,319,627

Compensation

Key Employees and Officers	Compensation	Related	Other
Wells Fargo Bank Na (Trustee)	$105,014	$0	$0

990

Filed on June 13, 2022

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

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending July
2020

Revenue

$71,457,979

Expenses

$65,383,747

Net Income

$6,074,232

Net Assets

$65,697,424

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$69,311,904	97.0%
Investment Income	$1,282,735	1.8%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$852,551	1.2%
Net Inventory Sales	$0
Other Revenue	$10,789	0.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$114,884	0.2%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$65,697,424
Total Liabilities	$0
Net Assets	$65,697,424

Compensation

Key Employees and Officers	Compensation	Related	Other
Wells Fargo Bank Na (Trustee)	$114,884	$0	$0

990

Filed on Dec. 14, 2020

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

View Filing

Schedules ▼

XML

Fiscal Year Ending July
2019

Revenue

$71,071,557

Expenses

$63,490,655

Net Income

$7,580,902

Net Assets

$59,594,126

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$69,498,804	97.8%
Investment Income	$1,369,727	1.9%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$195,998	0.3%
Net Inventory Sales	$0
Other Revenue	$7,028	0.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$120,462	0.2%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$59,594,126
Total Liabilities	$0
Net Assets	$59,594,126

990

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

PDF

PDF (2 of 2)

Fiscal Year Ending July
2018

Revenue

$69,008,321

Expenses

$58,260,063

Net Income

$10,748,258

Net Assets

$52,032,653

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$64,459,659	93.4%
Investment Income	$972,118	1.4%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$3,567,623	5.2%
Net Inventory Sales	$0
Other Revenue	$8,921	0.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$110,006	0.2%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$52,032,653
Total Liabilities	$0
Net Assets	$52,032,653

990

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

PDF

Fiscal Year Ending July
2017

Revenue

$63,362,980

Expenses

$57,510,280

Net Income

$5,852,700

Net Assets

$41,312,559

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$62,228,625	98.2%
Investment Income	$665,766	1.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$458,649	0.7%
Net Inventory Sales	$0
Other Revenue	$9,940	0.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$41,312,559
Total Liabilities	$0
Net Assets	$41,312,559

990

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

PDF

Fiscal Year Ending July
2016

Revenue

$55,755,645

Expenses

$59,401,101

Net Income

-$3,645,456

Net Assets

$35,468,763

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$55,196,334	99.0%
Investment Income	$574,344	1.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	-$20,537
Net Inventory Sales	$0
Other Revenue	$5,504	0.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$35,468,763
Total Liabilities	$0
Net Assets	$35,468,763

990

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

PDF

Fiscal Year Ending July
2015

Revenue

$56,927,543

Expenses

$54,474,223

Net Income

$2,453,320

Net Assets

$37,714,356

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$55,437,207	97.4%
Investment Income	$607,192	1.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$882,176	1.5%
Net Inventory Sales	$0
Other Revenue	$968	0.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$37,714,356
Total Liabilities	$0
Net Assets	$37,714,356

990

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

PDF

Fiscal Year Ending July
2014

Revenue

$52,782,936

Expenses

$45,800,916

Net Income

$6,982,020

Net Assets

$35,304,082

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$51,764,503	98.1%
Investment Income	$587,028	1.1%
Bond Proceeds	$1,160	0.0%
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$430,245	0.8%
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	$35,304,082
Total Liabilities	$0
Net Assets	$35,304,082

990

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

PDF

Fiscal Year Ending July
2013

Revenue

$54,996,670

Expenses

$43,591,117

Net Income

$11,405,553

Net Assets

$28,319,844

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$54,615,371	99.3%
Investment Income	$421,913	0.8%
Bond Proceeds	$2,835	0.0%
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	-$43,449
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	$28,319,844
Total Liabilities	$0
Net Assets	$28,319,844

990

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

PDF

Fiscal Year Ending July
2012

Revenue

$45,405,033

Expenses

$42,117,324

Net Income

$3,287,709

Net Assets

$17,098,850

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$45,480,452	> 100%
Investment Income	$293,130	0.6%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	-$86,278
Net Inventory Sales	$0
Other Revenue	-$282,271

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$17,098,850
Total Liabilities	$0
Net Assets	$17,098,850

990

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

PDF

Fiscal Year Ending July
2011

Revenue

$28,977,542

Expenses

$25,626,918

Net Income

$3,350,624

Net Assets

$13,811,141

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$28,004,248	96.6%
Investment Income	$241,015	0.8%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	-$11,082
Net Inventory Sales	$0
Other Revenue	$743,361	2.6%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$13,811,141
Total Liabilities	$0
Net Assets	$13,811,141

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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Updated December 20, 2024

City Of Raleigh North Carolina Medical Benefits Trust

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $71.8M (2023)

Expenses $72.1M (2023)

Total Assets $84.9M (2023)

Total Liabilities $0 (2023)

Tax Filings by Year

Fiscal Year Ending July 2023

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending July 2022

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending July 2021

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending July 2020

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending July 2019

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending July 2018

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending July 2017

Extracted Financial Data

Extracted Financial Data from Form 990

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990

Fiscal Year Ending July 2016

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending July 2015

Extracted Financial Data

Extracted Financial Data from Form 990

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990

Fiscal Year Ending July 2014

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending July 2013

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending July 2012

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending July 2011

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending July 2010

No Extracted Financial Data

Revenue

$71.8M (2023)

Expenses

$72.1M (2023)

Total Assets

$84.9M (2023)

Total Liabilities

$0 (2023)

Fiscal Year Ending July
2023

Fiscal Year Ending July
2022

Fiscal Year Ending July
2021

Fiscal Year Ending July
2020

Fiscal Year Ending July
2019

Fiscal Year Ending July
2018

Fiscal Year Ending July
2017

Fiscal Year Ending July
2016

Fiscal Year Ending July
2015

Fiscal Year Ending July
2014

Fiscal Year Ending July
2013

Fiscal Year Ending July
2012

Fiscal Year Ending July
2011

Fiscal Year Ending July
2010

Fiscal Year Ending July
2009

Fiscal Year Ending July
2008

Fiscal Year Ending July
2007

Fiscal Year Ending July
2006

Fiscal Year Ending July
2005