Federal Express Corporation Wage Continuation Trust
501(c)(9)
99% goes to programs Thin reserves Declining revenue
Federal Express Corporation Wage Continuation Trust is a 501(c)(9) organization based in Collierville, Tennessee, registered in 1978, with $40,174,454 in FY2024 revenue. CharityIndex grades it B, and it directs about 99% of spending to programs.
70 Fedex Parkway 2nd Floor Vertical, Collierville, TN, 38017 EIN 36-3282351 Since 1978
Revenue (FY2024)
$40.2M
▲ 8.3% vs prior year
Expenses (FY2024)
$40.0M
Net assets
$213K
Employees
0
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B
★★★★
Rated on 4 of 4 criteria.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →A+Program efficiency40% of the rating99% to programs
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Federal Express Corporation Wage Continuation Trust: 99% to programs earns a A+ on this criterion. See the exact thresholds →
CFinancial health25% of the rating0 mo reserves · +1% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Federal Express Corporation Wage Continuation Trust: 0 mo reserves · +1% margin earns a C on this criterion. See the exact thresholds →
C+Governance25% of the rating3 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Federal Express Corporation Wage Continuation Trust: 3 of 6 checks met earns a C+ on this criterion. See the exact thresholds →
ATransparency10% of the rating4 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Federal Express Corporation Wage Continuation Trust: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
This federal express corporation trust provides long term disability payments to eligible employees.
Contact & location
- Address
- 70 Fedex Parkway 2nd Floor Vertical, Collierville, TN, 38017
- City
- Collierville
- State
- Tennessee
- Category
- —
- Subcategory
- —
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $36.2M (FY2015) to $40.2M (FY2024) across 10 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $0Net assets $213K
Operating margin
0.5%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$213K
Total liabilities
$0
Net assets
$213K
Salaries & benefits
$370
0% of expenses
Board members
8
8 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $40,174,454▲8.3% | $39,954,619▲5.5% | $213,147▲3287% | $213,147▲26.5% | 990 |
| 2023 | $37,090,678▼60.5% | $37,854,445▼58.9% | -$6,688▼101% | $168,441▼92.7% | 990 |
| 2022 | $93,928,205▲13.3% | $92,134,839▲3.8% | $757,079▲173% | $2,295,570▲67.2% | 990 |
| 2021 | $82,936,752▼0.5% | $88,759,701▲9.4% | -$1,036,287▼122% | $1,372,581▼76.7% | 990 |
| 2020 | $83,348,971▲9.4% | $81,116,987▲8.8% | $4,786,662▲87.4% | $5,891,385▲13.2% | 990 |
| 2019 | $76,189,307▼2.7% | $74,584,663▼3.8% | $2,554,678▲169% | $5,205,390▲373% | 990 |
| 2018 | $78,311,979▲9.5% | $77,517,586▲8.4% | $950,034▲510% | $1,100,073▲170% | 990 |
| 2017 | $71,499,225▲1.0% | $71,497,107▲1.0% | $155,641▲1.4% | $406,690▼1.3% | 990 |
| 2016 | $70,763,008▲95.7% | $70,763,732▲95.5% | $153,523▼0.5% | $412,177▲12.0% | 990 |
| 2015 | $36,163,294 | $36,199,699 | $154,247 | $367,981 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
Highest-paid: State Street Global Services — $370 (0.00% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| State Street Global Services | Institutional Trustee | 0 | $370 |
Frequently asked questions
- Is Federal Express Corporation Wage Continuation Trust a legitimate nonprofit?
- Yes. Federal Express Corporation Wage Continuation Trust is a 501(c)(9) organization registered with the U.S. Internal Revenue Service under EIN 36-3282351, based in Collierville, Tennessee.
- What is Federal Express Corporation Wage Continuation Trust's EIN?
- Federal Express Corporation Wage Continuation Trust's Employer Identification Number (EIN) is 36-3282351.
- How much revenue does Federal Express Corporation Wage Continuation Trust report?
- Federal Express Corporation Wage Continuation Trust reported $40,174,454 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Federal Express Corporation Wage Continuation Trust's spending goes to programs?
- Federal Express Corporation Wage Continuation Trust spends about 99% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Federal Express Corporation Wage Continuation Trust have?
- CharityIndex grades Federal Express Corporation Wage Continuation Trust B, based on program efficiency and fundraising cost.
- How much does Federal Express Corporation Wage Continuation Trust's highest-paid employee make?
- The highest reported compensation on Federal Express Corporation Wage Continuation Trust's latest Form 990 is $370, paid to State Street Global Services (Institutional Trustee).
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Data for Federal Express Corporation Wage Continuation Trust (EIN 36-3282351) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.