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Employer Identification Number 41-1294448

3M EMPLOYEES WELFARE BENEFITS ASSOCIATION TRUST I is a USA domiciled entity or foreign entity operating in the USA. The EIN ihas been issued by the IRS

Company Name:3M EMPLOYEES WELFARE BENEFITS ASSOCIATION TRUST I
Employer identification number (EIN):41-1294448
EIN Issuing AuthorityPhiladelphia, PA
Federal tax statusExempt from federal income tax. Registered as a non-profit under 501(c)(3) Title 26 of the United States Code

Organization Overview

Mission StatementFINANCE HEALTH CARE BENEFITS PROVIDED TO RETIRED 3M EMPLOYEES.
Number of Employees0
Number of Volunteers7
Year Formed1976

Organization Governance

Legal DomicileMA
Voting Members - Governing Body3
Voting Members - Independent3

Organization Financials

2024-12-31
Total unrelated business incomeUSD $ 11,932,821
Net unrelated business incomeUSD $ 11,932,821
Program Service Revenue from prior yearUSD $ 5,251,145
Program Service Revenue from current yearUSD $ 5,672,017
Investment Income from prior yearUSD $ 89,181,476
Investment Income from current yearUSD $ 37,256,626
Other Revenue from prior yearUSD $ 0
Other Revenue from current yearUSD $ 8,551,847
Gross receipts from all sourcesUSD $ 51,480,490
Net assets / fund balances at end of fiscal yearUSD $ 76,448,910
Net assets / fund balances at beginning of fiscal yearUSD $ 159,265,642
Total liabilities at end of fiscal yearUSD $ 5,108,584
Total liabilities at beginning of fiscal yearUSD $ 14,035,645
Total assets at end of fiscal yearUSD $ 81,557,494
Total assets at beginning of fiscal yearUSD $ 173,301,287
Revenues less expenses for current yearUSD $ -50,363,233
Revenues less expenses for previous yearUSD $ -32,696,418
Total expenses for current yearUSD $ 101,843,723
Total expenses for previous yearUSD $ 127,129,039
Other expenses in current yearUSD $ 1,583,145
Other expenses in previous yearUSD $ 6,763,150
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 51,729
Employee salary and benefits paid in previous yearUSD $ 112,600
Benefits paid to or for members in current yearUSD $ 100,208,849
Benefits paid to or for members in previous yearUSD $ 120,253,289
Grants and similar amounts paid in current yearUSD $ 0
Grants and similar amounts paid in previous yearUSD $ 0
Total revenue in current fiscal yearUSD $ 51,480,490
Total revenue in previous fiscal yearUSD $ 94,432,621
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 0
Total of other revenueUSD $ 8,551,847
2022-12-31
Total unrelated business incomeUSD $ 36,124,767
Net unrelated business incomeUSD $ 36,107,114
Program Service Revenue from prior yearUSD $ 70,000
Program Service Revenue from current yearUSD $ 0
Investment Income from prior yearUSD $ 103,725,973
Investment Income from current yearUSD $ 29,921,658
Other Revenue from prior yearUSD $ 59,890
Other Revenue from current yearUSD $ 0
Gross receipts from all sourcesUSD $ 29,921,658
Net assets / fund balances at end of fiscal yearUSD $ 256,482,408
Net assets / fund balances at beginning of fiscal yearUSD $ 416,503,930
Total liabilities at end of fiscal yearUSD $ 27,695,683
Total liabilities at beginning of fiscal yearUSD $ 39,133,023
Total assets at end of fiscal yearUSD $ 284,178,091
Total assets at beginning of fiscal yearUSD $ 455,636,953
Revenues less expenses for current yearUSD $ -67,551,671
Revenues less expenses for previous yearUSD $ -18,119,534
Total expenses for current yearUSD $ 97,473,329
Total expenses for previous yearUSD $ 121,975,397
Other expenses in current yearUSD $ -2,947,747
Other expenses in previous yearUSD $ 12,349,117
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 29,365
Employee salary and benefits paid in previous yearUSD $ 56,790
Benefits paid to or for members in current yearUSD $ 100,391,711
Benefits paid to or for members in previous yearUSD $ 109,569,490
Grants and similar amounts paid in current yearUSD $ 0
Grants and similar amounts paid in previous yearUSD $ 0
Total revenue in current fiscal yearUSD $ 29,921,658
Total revenue in previous fiscal yearUSD $ 103,855,863
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 0
2021-12-31
Total unrelated business incomeUSD $ 95,429,167
Net unrelated business incomeUSD $ 95,388,860
Program Service Revenue from prior yearUSD $ 0
Program Service Revenue from current yearUSD $ 70,000
Investment Income from prior yearUSD $ 73,477,511
Investment Income from current yearUSD $ 103,725,973
Other Revenue from prior yearUSD $ 4,328
Other Revenue from current yearUSD $ 59,890
Gross receipts from all sourcesUSD $ 103,855,863
Net assets / fund balances at end of fiscal yearUSD $ 416,503,930
Net assets / fund balances at beginning of fiscal yearUSD $ 485,712,158
Total liabilities at end of fiscal yearUSD $ 39,133,023
Total liabilities at beginning of fiscal yearUSD $ 68,790,261
Total assets at end of fiscal yearUSD $ 455,636,953
Total assets at beginning of fiscal yearUSD $ 554,502,419
Revenues less expenses for current yearUSD $ -18,119,534
Revenues less expenses for previous yearUSD $ -44,236,906
Total expenses for current yearUSD $ 121,975,397
Total expenses for previous yearUSD $ 117,718,745
Other expenses in current yearUSD $ 12,349,117
Other expenses in previous yearUSD $ 13,803,568
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 56,790
Employee salary and benefits paid in previous yearUSD $ 66,603
Benefits paid to or for members in current yearUSD $ 109,569,490
Benefits paid to or for members in previous yearUSD $ 103,848,574
Grants and similar amounts paid in current yearUSD $ 0
Grants and similar amounts paid in previous yearUSD $ 0
Total revenue in current fiscal yearUSD $ 103,855,863
Total revenue in previous fiscal yearUSD $ 73,481,839
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 0
Gross income from fundraising eventsUSD $ 0
Cost of goods soldUSD $ 0
Gross income from gamingUSD $ 0
Gross sales of inventory assetsUSD $ 0
Total of other revenueUSD $ 59,890
2020-12-31
Total unrelated business incomeUSD $ 57,703,726
Net unrelated business incomeUSD $ 57,620,576
Program Service Revenue from prior yearUSD $ 38,274
Program Service Revenue from current yearUSD $ 0
Investment Income from prior yearUSD $ 92,755,187
Investment Income from current yearUSD $ 73,477,511
Other Revenue from prior yearUSD $ 22,917
Other Revenue from current yearUSD $ 4,328
Gross receipts from all sourcesUSD $ 73,481,839
Net assets / fund balances at end of fiscal yearUSD $ 485,712,158
Net assets / fund balances at beginning of fiscal yearUSD $ 541,554,102
Total liabilities at end of fiscal yearUSD $ 68,790,261
Total liabilities at beginning of fiscal yearUSD $ 73,660,350
Total assets at end of fiscal yearUSD $ 554,502,419
Total assets at beginning of fiscal yearUSD $ 615,214,452
Revenues less expenses for current yearUSD $ -44,236,906
Revenues less expenses for previous yearUSD $ -30,164,421
Total expenses for current yearUSD $ 117,718,745
Total expenses for previous yearUSD $ 122,980,799
Other expenses in current yearUSD $ 13,803,568
Other expenses in previous yearUSD $ 22,740,497
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 66,603
Employee salary and benefits paid in previous yearUSD $ 74,140
Benefits paid to or for members in current yearUSD $ 103,848,574
Benefits paid to or for members in previous yearUSD $ 100,166,162
Grants and similar amounts paid in current yearUSD $ 0
Grants and similar amounts paid in previous yearUSD $ 0
Total revenue in current fiscal yearUSD $ 73,481,839
Total revenue in previous fiscal yearUSD $ 92,816,378
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 0
Gross income from fundraising eventsUSD $ 0
Cost of goods soldUSD $ 0
Gross income from gamingUSD $ 0
Gross sales of inventory assetsUSD $ 0
Total of other revenueUSD $ 4,328
2018-12-31
Total unrelated business incomeUSD $ 94,513,663
Net unrelated business incomeUSD $ 94,382,468
Program Service Revenue from prior yearUSD $ 154,879
Program Service Revenue from current yearUSD $ 155,884
Investment Income from prior yearUSD $ 89,256,535
Investment Income from current yearUSD $ 101,969,564
Other Revenue from prior yearUSD $ 29,197
Other Revenue from current yearUSD $ 2,831,635
Gross receipts from all sourcesUSD $ 104,957,083
Net assets / fund balances at end of fiscal yearUSD $ 560,168,103
Net assets / fund balances at beginning of fiscal yearUSD $ 669,082,329
Total liabilities at end of fiscal yearUSD $ 71,710,598
Total liabilities at beginning of fiscal yearUSD $ 95,795,237
Total assets at end of fiscal yearUSD $ 631,878,701
Total assets at beginning of fiscal yearUSD $ 764,877,566
Revenues less expenses for current yearUSD $ 5,802,442
Revenues less expenses for previous yearUSD $ -24,739,410
Total expenses for current yearUSD $ 99,154,641
Total expenses for previous yearUSD $ 114,180,021
Other expenses in current yearUSD $ 2,698,745
Other expenses in previous yearUSD $ 23,409,828
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 64,015
Employee salary and benefits paid in previous yearUSD $ 71,022
Benefits paid to or for members in current yearUSD $ 96,391,881
Benefits paid to or for members in previous yearUSD $ 90,699,171
Grants and similar amounts paid in current yearUSD $ 0
Grants and similar amounts paid in previous yearUSD $ 0
Total revenue in current fiscal yearUSD $ 104,957,083
Total revenue in previous fiscal yearUSD $ 89,440,611
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 0
Gross income from fundraising eventsUSD $ 0
Cost of goods soldUSD $ 0
Gross income from gamingUSD $ 0
Gross sales of inventory assetsUSD $ 0
Total of other revenueUSD $ 2,831,635
2017-12-31
Total unrelated business incomeUSD $ 84,159,639
Net unrelated business incomeUSD $ 84,120,602
Program Service Revenue from prior yearUSD $ 3,634,705
Program Service Revenue from current yearUSD $ 154,879
Investment Income from prior yearUSD $ 80,247,386
Investment Income from current yearUSD $ 89,256,535
Other Revenue from prior yearUSD $ 811,890
Other Revenue from current yearUSD $ 29,197
Gross receipts from all sourcesUSD $ 89,440,611
Net assets / fund balances at end of fiscal yearUSD $ 669,082,329
Net assets / fund balances at beginning of fiscal yearUSD $ 676,329,888
Total liabilities at end of fiscal yearUSD $ 95,795,237
Total liabilities at beginning of fiscal yearUSD $ 94,819,264
Total assets at end of fiscal yearUSD $ 764,877,566
Total assets at beginning of fiscal yearUSD $ 771,149,152
Revenues less expenses for current yearUSD $ -24,739,410
Revenues less expenses for previous yearUSD $ -27,401,172
Total expenses for current yearUSD $ 114,180,021
Total expenses for previous yearUSD $ 112,095,153
Other expenses in current yearUSD $ 23,409,828
Other expenses in previous yearUSD $ 23,104,024
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 71,022
Employee salary and benefits paid in previous yearUSD $ 74,051
Benefits paid to or for members in current yearUSD $ 90,699,171
Benefits paid to or for members in previous yearUSD $ 88,917,078
Grants and similar amounts paid in current yearUSD $ 0
Grants and similar amounts paid in previous yearUSD $ 0
Total revenue in current fiscal yearUSD $ 89,440,611
Total revenue in previous fiscal yearUSD $ 84,693,981
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 0
Gross income from fundraising eventsUSD $ 0
Cost of goods soldUSD $ 0
Gross income from gamingUSD $ 0
Gross sales of inventory assetsUSD $ 0
Total of other revenueUSD $ 29,197
2016-12-31
Total unrelated business incomeUSD $ 64,856,224
Net unrelated business incomeUSD $ 64,749,141
Program Service Revenue from prior yearUSD $ 15,192,747
Program Service Revenue from current yearUSD $ 3,634,705
Investment Income from prior yearUSD $ 84,649,309
Investment Income from current yearUSD $ 80,247,386
Other Revenue from prior yearUSD $ -1,327,128
Other Revenue from current yearUSD $ 811,890
Gross receipts from all sourcesUSD $ 84,693,981
Net assets / fund balances at end of fiscal yearUSD $ 676,329,888
Net assets / fund balances at beginning of fiscal yearUSD $ 711,566,486
Total liabilities at end of fiscal yearUSD $ 94,819,264
Total liabilities at beginning of fiscal yearUSD $ 94,779,411
Total assets at end of fiscal yearUSD $ 771,149,152
Total assets at beginning of fiscal yearUSD $ 806,345,897
Revenues less expenses for current yearUSD $ -27,401,172
Revenues less expenses for previous yearUSD $ -7,491,761
Total expenses for current yearUSD $ 112,095,153
Total expenses for previous yearUSD $ 106,006,689
Other expenses in current yearUSD $ 23,104,024
Other expenses in previous yearUSD $ 3,036,811
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 74,051
Employee salary and benefits paid in previous yearUSD $ 75,770
Benefits paid to or for members in current yearUSD $ 88,917,078
Benefits paid to or for members in previous yearUSD $ 102,894,108
Grants and similar amounts paid in current yearUSD $ 0
Grants and similar amounts paid in previous yearUSD $ 0
Total revenue in current fiscal yearUSD $ 84,693,981
Total revenue in previous fiscal yearUSD $ 98,514,928
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 0
Gross income from fundraising eventsUSD $ 0
Cost of goods soldUSD $ 0
Gross income from gamingUSD $ 0
Gross sales of inventory assetsUSD $ 0
Total of other revenueUSD $ 811,890
2014-12-31
Total unrelated business incomeUSD $ 49,617,185
Net unrelated business incomeUSD $ 42,049,202
Program Service Revenue from prior yearUSD $ 32,296,566
Program Service Revenue from current yearUSD $ 30,409,259
Investment Income from prior yearUSD $ 45,621,887
Investment Income from current yearUSD $ 73,559,171
Other Revenue from prior yearUSD $ 16,427,900
Other Revenue from current yearUSD $ -4,815,209
Gross receipts from all sourcesUSD $ 99,153,221
Net assets / fund balances at end of fiscal yearUSD $ 789,685,944
Net assets / fund balances at beginning of fiscal yearUSD $ 815,357,973
Total liabilities at end of fiscal yearUSD $ 110,613,091
Total liabilities at beginning of fiscal yearUSD $ 95,776,389
Total assets at end of fiscal yearUSD $ 900,299,035
Total assets at beginning of fiscal yearUSD $ 911,134,362
Revenues less expenses for current yearUSD $ -54,390,686
Revenues less expenses for previous yearUSD $ -68,283,903
Total expenses for current yearUSD $ 153,543,907
Total expenses for previous yearUSD $ 162,630,256
Other expenses in current yearUSD $ 25,153,592
Other expenses in previous yearUSD $ 47,279,187
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 71,323
Employee salary and benefits paid in previous yearUSD $ 70,030
Benefits paid to or for members in current yearUSD $ 128,318,992
Benefits paid to or for members in previous yearUSD $ 115,281,039
Grants and similar amounts paid in current yearUSD $ 0
Grants and similar amounts paid in previous yearUSD $ 0
Total revenue in current fiscal yearUSD $ 99,153,221
Total revenue in previous fiscal yearUSD $ 94,346,353
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 0
Total of other revenueUSD $ -4,815,209

Other Company Names associated with EIN

3M EMPLOYEES WELFARE BENEFITS ASSOCIATION
3M EMPLOYEES WELFARE BENEFITS

Organization Addresses

The following addresses have been detected as associated with Tax Indentification Number 411294448

USA Mailing Address
3M CENTER BUILDING 224-5N-40
ST PAUL
MN
55144
Date first seen: 2012-11-15
Date last seen: 2025-11-13

Nearby companies/organizations

The following companies are located in the same ZIP code areas:

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