Sonoco Employees Benefit Trust
501(c)(9)
93% goes to programs $0 to raise $100 Thin reserves
Sonoco Employees Benefit Trust is a 501(c)(9) organization based in Hartsville, South Carolina, registered in 1984, with $121,194,000 in FY2022 revenue. CharityIndex grades it C, and it directs about 93% of spending to programs.
1 North 2nd Street A01, Hartsville, SC, 29550 EIN 57-0752046 Since 1984
Revenue (FY2022)
$121.2M
▼ 1.5% vs prior year
Expenses (FY2022)
$117.6M
Net assets
-$25.3M
Employees
0
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C
C+Program efficiency40% of the rating93% to programs · $0 to raise $100
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 Sonoco Employees Benefit Trust: 93% to programs · $0 to raise $100 earns a C+ on this criterion. See the exact thresholds →
DFinancial health25% of the rating0 mo reserves · +3% 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 Sonoco Employees Benefit Trust: 0 mo reserves · +3% margin earns a D on this criterion. See the exact thresholds →
DGovernance25% of the rating1 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 Sonoco Employees Benefit Trust: 1 of 6 checks met earns a D on this criterion. See the exact thresholds →
BTransparency10% of the rating3 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 Sonoco Employees Benefit Trust: 3 of 5 disclosure signals earns a B on this criterion. See the exact thresholds →
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Mission
Funding vehicle for group health and welfare plans covering employees and retirees of sonoco products company.
Contact & location
- Address
- 1 North 2nd Street A01, Hartsville, SC, 29550
- City
- Hartsville
- State
- South Carolina
- Category
- —
- Subcategory
- —
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $106.7M (FY2013) to $121.2M (FY2022) across 10 reported years.
Financial snapshot
Financial health & position (FY2022)
Liabilities $25.6MNet assets -$25.3M
Operating margin
3.0%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$304K
Total liabilities
$25.6M
Net assets
-$25.3M
Salaries & benefits
$0
0% of expenses
Board members
2
2 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2022 | $121,194,000▼1.5% | $117,553,000▼3.9% | -$25,301,000▲12.6% | $304,000▼1.0% | 990 |
| 2021 | $123,001,000▲8.2% | $122,308,000▲8.0% | -$28,942,000▲2.3% | $307,000▲109% | 990 |
| 2020 | $113,704,000▼4.2% | $113,244,000▼4.8% | -$29,635,000▲1.5% | $147,000▲120% | 990 |
| 2019 | $118,702,000▲16.5% | $118,979,000▲16.3% | -$30,095,000▼0.9% | -$724,000▲0.3% | 990 |
| 2018 | $101,876,000▼7.0% | $102,270,000▼6.9% | -$29,818,000▼1.3% | -$726,000▲0.7% | 990 |
| 2017 | $109,529,000▼9.6% | $109,823,000▼8.1% | -$29,424,000▼1.0% | -$731,000▼312% | 990 |
| 2016 | $121,194,000▼3.8% | $119,507,000 | -$29,130,000▲5.5% | $345,000▲153% | 990 |
| 2015 | $126,041,000▲6.1% | $119,531,000▼1.3% | -$30,817,000▲17.4% | -$655,000▼89.3% | 990 |
| 2014 | $118,840,000▲11.3% | $121,089,000▲25.1% | -$37,327,000▼6.4% | -$346,000▼129% | 990 |
| 2013 | $106,741,000 | $96,798,000▲6.2% | -$35,078,000▲22.1% | $1,203,000▲170% | 990 |
| 2012 | — | $91,139,000▼2.0% | -$45,021,000▲7.5% | $446,000▼65.6% | 990 |
| 2011 | — | $93,035,000▲37.7% | -$48,665,000▲6.8% | $1,296,000▲6380% | 990 |
| 2010 | — | $67,574,000 | -$52,200,000 | $20,000 | 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 (FY2022)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Christopher D Moss | Director, Employee Benefits | 40 | — |
| Robert Dillard | Chief Financial Officer | 40 | — |
Frequently asked questions
- Is Sonoco Employees Benefit Trust a legitimate nonprofit?
- Yes. Sonoco Employees Benefit Trust is a 501(c)(9) organization registered with the U.S. Internal Revenue Service under EIN 57-0752046, based in Hartsville, South Carolina.
- What is Sonoco Employees Benefit Trust's EIN?
- Sonoco Employees Benefit Trust's Employer Identification Number (EIN) is 57-0752046.
- How much revenue does Sonoco Employees Benefit Trust report?
- Sonoco Employees Benefit Trust reported $121,194,000 in total revenue on its fiscal year 2022 IRS Form 990 filing.
- How much of Sonoco Employees Benefit Trust's spending goes to programs?
- Sonoco Employees Benefit Trust spends about 93% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Sonoco Employees Benefit Trust have?
- CharityIndex grades Sonoco Employees Benefit Trust C, based on program efficiency and fundraising cost.
- How much does Sonoco Employees Benefit Trust's highest-paid employee make?
- The highest reported compensation on Sonoco Employees Benefit Trust's latest Form 990 is $0, paid to Christopher D Moss (Director, Employee Benefits).
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Data for Sonoco Employees Benefit Trust (EIN 57-0752046) 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.