Fidelity Welfare Benefit Plans Veba Trust
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 24,703,001 | 21,593,327 | 3,109,674 | 375.8 | 0% |
| 2020 | 20,493,745 | 18,534,009 | 1,959,736 | 468.0 | 0% |
| 2021 | 56,193,264 | 21,754,093 | 34,439,171 | 432.2 | 0% |
| 2022 | 156,797,025 | 19,202,016 | 137,595,009 | 509.6 | 0% |
| 2023 | 20,107,374 | 22,669,357 | −2,561,983 | 469.6 | 0% |
In its most recent public year (2023), this organization spent $2,561,983 more than it brought in. Its reserves stood at about 469.6 months of spending, up from 375.8 in 2019. Staff pay was 0% of spending.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2023. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings
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