3m Employees Welfare Benefits Association Trust I
St Paul, MN 55144 · IRS data through FY2024
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2024 | $51,480,490 | $101,843,723 | $76,448,910 |
| FY2023 | $94,432,621 | $127,129,039 | $159,265,642 |
| FY2022 | $29,921,658 | $97,473,329 | $256,482,408 |
| FY2021 | $103,855,863 | $121,975,397 | $416,503,930 |
| FY2020 | $73,481,839 | $117,718,745 | $485,712,158 |
| FY2019 | $92,816,378 | $122,980,799 | $541,554,102 |
| FY2018 | $104,957,083 | $99,154,641 | $560,168,103 |
| FY2017 | $89,440,611 | $114,180,021 | $669,082,329 |
| FY2016 | $84,693,981 | $112,095,153 | $676,329,888 |
| FY2015 | $98,514,928 | $106,006,689 | $711,566,486 |
| FY2014 | $99,153,221 | $153,543,907 | $789,685,944 |
| FY2013 | $94,346,353 | $162,630,256 | $815,357,973 |
| FY2012 | $167,992,700 | $158,317,396 | $792,666,392 |
| FY2011 | $128,107,719 | $150,458,146 | $736,788,877 |
Form 990 filings
The returns filed by 3m Employees Welfare Benefits Association Trust I (EIN 41-1294448), including Form 990 PDFs and e-file data by year, are available in ProPublica's Nonprofit Explorer. The figures on this page come from IRS data files built from those returns.
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $0 | 0% |
| Program service revenue | $5,672,017 | 11% |
| Other revenue | $45,808,473 | 89% |
What the numbers show
- Other revenue made up 89% of total revenue in FY2024.
- Net assets covered about 9 months of expenses at the end of the reporting year. That puts it in the 15th percentile among 132 Mutual & Membership Benefit organizations in MN.
- Total revenue was higher than 97% of 132 Mutual & Membership Benefit organizations in MN.
- Total revenue fell from $128,107,719 in FY2011 to $51,480,490 in FY2024. Revenue increased in 6 and decreased in 7 of 13 year-over-year comparisons.
- Expenses exceeded revenue in 12 of 14 reported years (FY2011, FY2013, FY2014, FY2015, FY2016, FY2017, FY2019, FY2020, FY2021, FY2022, FY2023, FY2024).
- The highest revenue on record here is $167,992,700 in FY2012.
- Net assets declined from $736,788,877 to $76,448,910 between FY2011 and FY2024.
Figures compared against other organizations of the same NTEE program area in the same state. See the methodology page for how these are calculated and the guide to reading nonprofit financials for their limits.
About this organization
FINANCE HEALTH CARE BENEFITS PROVIDED TO RETIRED 3M EMPLOYEES.
IRS status
| Ruling year | 1977 |
| Subsection | 501(c)(9) |
| Program area (NTEE) | Y43 — Mutual & Membership Benefit |
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Source: Internal Revenue Service — Exempt Organizations Business Master File (downloaded November 4, 2026), Statistics of Income extracts, Form 990 e-file data, Publication 78 and the Automatic Revocation list. Figures are as reported by the organization; IRS processing may adjust them. This is not a charity rating and not tax advice. Confirm deductibility in IRS Tax Exempt Organization Search.
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