The Deere & Company Welfare Benefit Veba For Salaried Employees
100% goes to programs Strong reserves Declining revenue
The Deere & Company Welfare Benefit Veba For Salaried Employees is a 501(c)(9) organization based in Pittsburgh, Pennsylvania, registered in 2004, with $46,658,221 in FY2022 revenue. CharityIndex grades it C, and it directs about 100% of spending to programs.
Po Box 535007, Pittsburgh, PA, 15253 EIN 30-6073592 Since 2004
Revenue (FY2022)
$46.7M
▼ 96.1% vs prior year
Membership median: $185K
Expenses (FY2022)
$102.9M
Net assets
$2.3B
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
A+Program efficiency40% of the rating100% 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 The Deere & Company Welfare Benefit Veba For Salaried Employees: 100% to programs earns a A+ on this criterion. See the exact thresholds →
FFinancial health25% of the rating265 mo reserves · -121% 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 The Deere & Company Welfare Benefit Veba For Salaried Employees: 265 mo reserves · -121% margin earns a F on this criterion. See the exact thresholds →
FGovernance25% of the rating0 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 The Deere & Company Welfare Benefit Veba For Salaried Employees: 0 of 6 checks met earns a F 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 The Deere & Company Welfare Benefit Veba For Salaried Employees: 3 of 5 disclosure signals earns a B on this criterion. See the exact thresholds →
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Mission
To provide benefits to eligible members.
Contact & location
- Address
- Po Box 535007, Pittsburgh, PA, 15253
- City
- Pittsburgh
- State
- Pennsylvania
- Category
- Mutual & Membership Benefit
- Subcategory
- Fraternal Societies
- Phone
- …
- Website
- …
Financial trends
Revenue declined from $67.4M (FY2014) to $46.7M (FY2022) across 9 reported years.
Financial snapshot
Financial health & position (FY2022)
Liabilities $24.9MNet assets $2.3B
Operating margin
-120.6%
Spent more than it raised in the latest fiscal year.
Total assets
$2.3B
Total liabilities
$24.9M
Net assets
$2.3B
Salaries & benefits
$123K
0% of expenses
Board members
1
0 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2022 | $46,658,221▼96.1% | $102,943,640▼18.5% | $2,271,857,663▼2.4% | $2,296,729,425▼2.4% | 990 |
| 2021 | $1,183,141,603▲1189% | $126,349,232▼3.7% | $2,328,143,082▲83.1% | $2,353,833,712▲84.7% | 990 |
| 2020 | $91,818,231▼87.3% | $131,201,049▼13.9% | $1,271,350,711▼3.0% | $1,274,572,054▼2.8% | 990 |
| 2019 | $725,307,769▲129% | $152,467,640▼9.5% | $1,310,733,529▲77.6% | $1,311,115,698▲76.9% | 990 |
| 2018 | $316,492,702▼1.0% | $168,406,937▼1.7% | $737,893,400▲25.1% | $740,980,491▲25.6% | 990 |
| 2017 | $319,601,011▼13.8% | $171,401,536▲7.0% | $589,807,635▲33.6% | $589,867,020▲33.5% | 990 |
| 2016 | $370,589,314▲575% | $160,124,218▼15.6% | $441,608,160▲91.1% | $441,694,757▲91.0% | 990 |
| 2015 | $54,892,327▼18.5% | $189,804,001▼8.4% | $231,143,064▼36.9% | $231,220,763▼36.9% | 990 |
| 2014 | $67,384,251 | $207,136,293▲0.8% | $366,054,738▼41.7% | $366,176,203▼41.8% | 990 |
| 2012 | — | $205,485,770▲2.0% | $627,434,737▼17.3% | $628,830,339▼17.2% | 990 |
| 2011 | — | $201,525,656▼3.8% | $758,296,303▼16.3% | $759,399,336▼16.4% | 990 |
| 2010 | — | $209,445,384 | $906,196,303 | $907,858,560 | 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)
Highest-paid: The Bank of New York Mellon — $122,682 (0.12% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| The Bank of New York Mellon | Trustee (see Schedule O) | 0 | $122,682 |
Top vendors & contractors (FY2022)
| Contractor | Services | Paid |
|---|---|---|
| Allspring Global Investments | Investment Mgmt. | $713,461 |
| The Townsend Group | Investment Mgmt. | $541,924 |
| Metlife | Investment Mgmt. | $381,602 |
| Blackrock | Investment Mgmt. | $168,441 |
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Compare The Deere & Company Welfare Benefit Veba For Salaried Employees
Frequently asked questions
- Is The Deere & Company Welfare Benefit Veba For Salaried Employees a legitimate nonprofit?
- Yes. The Deere & Company Welfare Benefit Veba For Salaried Employees is a 501(c)(9) organization registered with the U.S. Internal Revenue Service under EIN 30-6073592, based in Pittsburgh, Pennsylvania.
- What is The Deere & Company Welfare Benefit Veba For Salaried Employees's EIN?
- The Deere & Company Welfare Benefit Veba For Salaried Employees's Employer Identification Number (EIN) is 30-6073592.
- How much revenue does The Deere & Company Welfare Benefit Veba For Salaried Employees report?
- The Deere & Company Welfare Benefit Veba For Salaried Employees reported $46,658,221 in total revenue on its fiscal year 2022 IRS Form 990 filing.
- How much of The Deere & Company Welfare Benefit Veba For Salaried Employees's spending goes to programs?
- The Deere & Company Welfare Benefit Veba For Salaried Employees spends about 100% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does The Deere & Company Welfare Benefit Veba For Salaried Employees have?
- CharityIndex grades The Deere & Company Welfare Benefit Veba For Salaried Employees C, based on program efficiency and fundraising cost.
- How much does The Deere & Company Welfare Benefit Veba For Salaried Employees's highest-paid employee make?
- The highest reported compensation on The Deere & Company Welfare Benefit Veba For Salaried Employees's latest Form 990 is $122,682, paid to The Bank of New York Mellon (Trustee (see Schedule O)).
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Data for The Deere & Company Welfare Benefit Veba For Salaried Employees (EIN 30-6073592) 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.