Civic Intelligence

Bae Systems Funded Retiree Benefit Trust

990 • Fiscal year 2018 • EIN 04-6957993

Jan 01, 2018 to Dec 31, 2018 • Filed on Nov 11, 2019

Organization ProfileN/A

View Organization Page

1101 Wilson Boulevard Suite 2000Arlington, VA 22209

(703) 312-6100

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

17th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2018 filings • 501(c)9 • $100M-$250M nonprofits • Source year 2018

Liabilities / Revenue

17th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2018 filings • 501(c)9 • $100M-$250M nonprofits • Source year 2018

Net Margin

19th percentile

-6.5%

Higher net margin than 19% of similar nonprofits.

2018 filings • 501(c)9 • $100M-$250M nonprofits • Source year 2018

Top Officer Pay

56th percentile

$111,633

Higher top officer pay than 56% of similar nonprofits.

Top officer pay equals 0.7% of source-year revenue.

2018 filings • 501(c)9 • $100M-$250M nonprofits • Source year 2018

Asset Growth

12th percentile

-12%

Faster asset growth than 12% of similar nonprofits.

2018 filings • 501(c)9 • $100M-$250M nonprofits • Annualized from 2017 to 2018

Revenue Growth

6th percentile

-30%

Faster revenue growth than 6% of similar nonprofits.

2018 filings • 501(c)9 • $100M-$250M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets17th percentile

Assets

Down

$183,096,585

Down $24,596,080 (-12%) from 2017

Net Assets

Down

$183,096,585

Down $24,596,080 (-12%) from 2017

Liabilities

Flat

$0

Flat from 2017

Revenue And Expenses
Liabilities / Revenue17th percentileNet Margin19th percentile

Revenue

Down

$15,928,230

Down $6,958,614 (-30%) from 2017

Expenses

Up

$16,956,124

Up $3,821,262 (+29%) from 2017

Net Income

Down

-$1,027,894

Down $10,779,876 (-111%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth12th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$300M$200M$100M$0Assets 2010: $146,459,653Liabilities 2010: $0Net Assets 2010: $146,459,6532010Assets 2011: $146,786,120Liabilities 2011: $0Net Assets 2011: $146,786,1202011Assets 2012: $156,851,077Liabilities 2012: $0Net Assets 2012: $156,851,0772012Assets 2013: $183,264,377Liabilities 2013: $0Net Assets 2013: $183,264,3772013Assets 2014: $193,667,368Liabilities 2014: $0Net Assets 2014: $193,667,3682014Assets 2015: $190,103,845Liabilities 2015: $0Net Assets 2015: $190,103,8452015Assets 2016: $188,766,563Liabilities 2016: $0Net Assets 2016: $188,766,5632016Assets 2017: $207,692,665Liabilities 2017: $0Net Assets 2017: $207,692,6652017Assets 2018: $183,096,585Liabilities 2018: $0Net Assets 2018: $183,096,5852018Assets 2019: $214,162,514Liabilities 2019: $0Net Assets 2019: $214,162,5142019Assets 2020: $210,846,397Liabilities 2020: $0Net Assets 2020: $210,846,3972020Assets 2021: $206,400,104Liabilities 2021: $0Net Assets 2021: $206,400,1042021Assets 2022: $164,571,811Liabilities 2022: $0Net Assets 2022: $164,571,8112022Assets 2023: $161,850,365Liabilities 2023: $0Net Assets 2023: $161,850,3652023Assets 2024: $156,711,337Liabilities 2024: $0Net Assets 2024: $156,711,3372024

Highlighted filing

2018

Assets$183,096,585
Liabilities$0
Net Assets$183,096,585
Open 2018 Filing

Operations Trend

Revenue Growth6th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$40M$20M$0-$20M-$40MRevenue 2010: $36,490,087Expenses 2010: $20,990,859Net Income 2010: $15,499,2282010Revenue 2011: $27,227,254Expenses 2011: $26,900,787Net Income 2011: $326,4672011Revenue 2012: $20,167,883Expenses 2012: $22,143,450Net Income 2012: -$1,975,5672012Revenue 2013: $23,279,675Expenses 2013: $15,352,609Net Income 2013: $7,927,0662013Revenue 2014: $21,887,982Expenses 2014: $13,679,804Net Income 2014: $8,208,1782014Revenue 2015: $24,418,428Expenses 2015: $14,877,319Net Income 2015: $9,541,1092015Revenue 2016: $21,062,277Expenses 2016: $16,430,050Net Income 2016: $4,632,2272016Revenue 2017: $22,886,844Expenses 2017: $13,134,862Net Income 2017: $9,751,9822017Revenue 2018: $15,928,230Expenses 2018: $16,956,124Net Income 2018: -$1,027,8942018Revenue 2019: $15,371,928Expenses 2019: $11,973,626Net Income 2019: $3,398,3022019Revenue 2020: $11,535,118Expenses 2020: $11,634,987Net Income 2020: -$99,8692020Revenue 2021: $16,917,143Expenses 2021: $14,559,462Net Income 2021: $2,357,6812021Revenue 2022: -$11,839,555Expenses 2022: $13,522,181Net Income 2022: -$25,361,7362022Revenue 2023: $6,199,514Expenses 2023: $12,097,814Net Income 2023: -$5,898,3002023Revenue 2024: $7,428,494Expenses 2024: $11,415,240Net Income 2024: -$3,986,7462024

Highlighted filing

2018

Revenue$15,928,230
Expenses$16,956,124
Net Income-$1,027,894
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Nov 11, 2019
Return Version
2018v3.1
Gross Receipts
$15,928,230
Mission and Program Overview

Mission

To fund welfare benefits for retirees pursuant to irc section 501(c)(9).

This organization is a voluntary employees' beneficiary association that funds medical and other welfare benefits for retirees.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$207,692,665$183,096,585▼ $24,596,080
Investments in Publicly Traded Securities$207,692,665$180,987,591▼ $26,705,074
Cash and Non-Interest-Bearing Accounts$0$2,108,994▲ $2,108,994
Savings and Temporary Cash Investments$0$0→ $0
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Land, Buildings, and Equipment, Net$0$0→ $0
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$207,692,665$183,096,585▼ $24,596,080
Other Assets Total$0$0→ $0
Liabilities
Accounts Payable and Accrued Expenses$0$0→ $0
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$207,692,665$183,096,585▼ $24,596,080
Total Liabilities and Net Assets / Fund Balance$207,692,665$183,096,585▼ $24,596,080
Compensation and Service Providers
Top Officer Pay56th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Jp Morgan Chase Bank NaTrusteePT$111,633$111,633

Highest Paid Contractors

ContractorServicesLocationCompensation
Alight Solutions LLCAdministrative SvcsPO BOX 95135, Chicago, IL 60694-5135$417,740
Groom Law Group CharteredLegal Services1701 PENNSYLVANIA AVENUE NW SUITE, Washington, DC 20006$149,297
Aon Consulting INCActuarial Services29695 NETWORK PLACE, Chicago, IL 60673-1296$139,893
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$2,736,412
Investment Income
$13,191,818
Other Revenue
$0
Change in Net Assets
$-1,027,894
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$3,001,204
Salaries, Compensation, and Employee Benefits$111,633
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Benefits to Members$13,843,287--$13,843,287
Other Expenses$0$2,200,000$0$2,200,000
Fees for Services Other-$585,012-$585,012
Fees for Services Legal-$149,297-$149,297
Current Officers, Directors, Trustees, and Key Employees-$111,633-$111,633
Fees for Service Investment Mgmnt Fees-$48,045-$48,045
Fees for Services Accounting-$18,850-$18,850
Total Functional Expenses$13,843,287$3,112,837$0$16,956,124
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 8A & 8B

“Because bae systems funded retiree benefit trust is a veba, it does not have a governing body of its own. The governing body of bae systems, inc. Has a committee which relates to its vebas. This committee has the authority to act on behalf of the bae systems, inc. Governing body.”

Form 990, Part VI, Line 11

“Form 990 was prepared and reviewed by an independent accounting firm. The plan sponsor, bae systems' management team with oversight responsibility over the veba, performed a review of form 990 before it was filed with the internal revenue service.”

Form 990, Part VI, Line 19

“The veba does not make its governing documents or internal financial statements available to the public.”

Filing and Contact Details

Filer

Filer Name
BAE Systems Funded Retiree Benefit Trust
EIN
04-6957993
In Care Of
% DOHI SHIN BAE SYSTEMS INC
Phone
7033126100
Address
1101 Wilson Boulevard Suite 2000, Arlington, VA 22209

Signing Officer

Name
D Scott Howat
Title
Chairman Admin CMT
Phone
7033126100
Signed
2019-11-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
D Scott Howat
Formed
1992
Legal Domicile
Ny
Voting Board Members
1
Independent Board Members
1
Employees
0
Volunteers
0

Preparer

Firm
PricewaterhouseCoopers LLP
Address
300 Madison Avenue, New York, NY 10017
Preparer
Laura J Parello
Phone
6464713000
Supplemental Narrative

Additional Explanations

Collectively Bargained Aggrement

“This veba is established under a collectively bargained plan. Pursuant to the tax reform act of 1986, this fund is generally released from the limitations of irc section 419a and section 512(a)(3)(e). For employees covered under the collective bargaining agreement, the filing veba does not have contributions to the fund that exceed the account limit and is therefore not subject to unrelated business income tax on such earnings. The portion of the veba attributed to any employees not covered by the collective bargaining agreement is subject to unrelated business income tax and is reported accordingly on form 990-t.”

Part XII, Line 2B

“The trust's financial statements are audited by an independent accountant for the year on a consolidated basis. However, at the time of filing this tax return, the audit for 2018 was not issued and in draft with an unqualified opinion.”

Raw XML AppendixShowing 400 of 412 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt00
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt00
IRS990/AccountsReceivableGrp/BOYAmt00
IRS990/AccountsReceivableGrp/EOYAmt00
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0THIS ORGANIZATION IS A VOLUNTARY EMPLOYEES' BENEFICIARY ASSOCIATION THAT FUNDS MEDICAL AND OTHER WELFARE BENEFITS FOR RETIREES.
IRS990/AdvertisingGrp/TotalAmt00
IRS990/BenefitsToMembersGrp/ProgramServicesAmt013843287
IRS990/BenefitsToMembersGrp/TotalAmt013843287
IRS990/BooksInCareOfDetail/PersonNm0DOHI SHIN BAE SYSTEMS INC
IRS990/BooksInCareOfDetail/PhoneNum07036684210
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt011487 SUNSET HILL RD
IRS990/BooksInCareOfDetail/USAddress/CityNm0RESTON
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0VA
IRS990/BooksInCareOfDetail/USAddress/ZIPCd020190
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOfficerEntInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CapStkTrPrinCurrentFundsGrp/BOYAmt00
IRS990/CapStkTrPrinCurrentFundsGrp/EOYAmt00
IRS990/CashNonInterestBearingGrp/BOYAmt00
IRS990/CashNonInterestBearingGrp/EOYAmt02108994
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CntrctRcvdGreaterThan100KCnt03
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt0111633
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0111633
IRS990/CompDisqualPersonsGrp/TotalAmt00
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0false
IRS990/CompensationProcessOtherInd0false
IRS990/ConferencesMeetingsGrp/TotalAmt00
IRS990/ConflictOfInterestPolicyInd0false
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/ContractorCompensationGrp/CompensationAmt0417740
IRS990/ContractorCompensationGrp/CompensationAmt1149297
IRS990/ContractorCompensationGrp/CompensationAmt2139893
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt0PO BOX 95135
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt11701 PENNSYLVANIA AVENUE NW SUITE
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt229695 NETWORK PLACE
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm0CHICAGO
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm1WASHINGTON
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm2CHICAGO
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd0IL
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd1DC
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd2IL
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd0606945135
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd120006
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd2606731296
IRS990/ContractorCompensationGrp/ContractorName/PersonNm0ALIGHT SOLUTIONS LLC
IRS990/ContractorCompensationGrp/ContractorName/PersonNm1GROOM LAW GROUP CHARTERED
IRS990/ContractorCompensationGrp/ContractorName/PersonNm2AON CONSULTING INC
IRS990/ContractorCompensationGrp/ServicesDesc0ADMINISTRATIVE SVCS
IRS990/ContractorCompensationGrp/ServicesDesc1LEGAL SERVICES
IRS990/ContractorCompensationGrp/ServicesDesc2ACTUARIAL SERVICES
IRS990/CostOfGoodsSoldAmt00
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt013843287
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt013191818
IRS990/CYOtherExpensesAmt03001204
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt02736412
IRS990/CYRevenuesLessExpensesAmt0-1027894
IRS990/CYSalariesCompEmpBnftPaidAmt0111633
IRS990/CYTotalExpensesAmt016956124
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt015928230
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DeferredRevenueGrp/BOYAmt00
IRS990/DeferredRevenueGrp/EOYAmt00
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/TotalAmt00
IRS990/Desc0THE TRUST PREFUNDS WELFARE BENEFITS FOR RETIREES OF THE SPONSOR OF THE TRUST AND VARIOUS AFFILIATED ENTITIES. THE EXPENSES WERE INCURRED TO PAY BENEFITS TO THE RETIREES PURSUANT TO THE UNDERLYING BENEFIT PLAN, AND TO PAY ADMINISTRATIVE EXPENSES AND TAXES OWED. THE REVENUE AMOUNT RELATES TO PARTICIPANT AND EMPLOYER CONTRIBUTIONS TO FUND THE BENEFITS, INVESTMENT INCOME, MEDICARE REIMBURSEMENTS, AND UNRELATED BUSINESS INCOME TAX REFUNDS.
IRS990/DescribedInSection501c3Ind0false
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0false
IRS990/DonorAdvisedFundInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt00
IRS990/EscrowAccountLiabilityGrp/BOYAmt00
IRS990/EscrowAccountLiabilityGrp/EOYAmt00
IRS990/ExpenseAmt013843287
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt018850
IRS990/FeesForServicesAccountingGrp/TotalAmt018850
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt0149297
IRS990/FeesForServicesLegalGrp/TotalAmt0149297
IRS990/FeesForServicesLobbyingGrp/TotalAmt00
IRS990/FeesForServicesManagementGrp/TotalAmt00
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt0585012
IRS990/FeesForServicesOtherGrp/TotalAmt0585012
IRS990/FeesForServicesProfFundraising/TotalAmt00
IRS990/FeesForSrvcInvstMgmntFeesGrp/ManagementAndGeneralAmt048045
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt048045
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignGrantsGrp/TotalAmt00
IRS990/ForeignOfficeInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt00.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt05.0
IRS990/Form990PartVIISectionAGrp/InstitutionalTrusteeInd0X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/PersonNm0JP MORGAN CHASE BANK NA
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt0111633
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/TitleTxt0TRUSTEE
IRS990/Form990ProvidedToGvrnBodyInd0false
IRS990/Form990TFiledInd0true
IRS990/FormationYr01992
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0false
IRS990/FundraisingActivitiesInd0false
IRS990/FundraisingDirectExpensesAmt00
IRS990/FundraisingGrossIncomeAmt00
IRS990/GainOrLossGrp/SecuritiesAmt03071556
IRS990/GamingActivitiesInd0false
IRS990/GamingDirectExpensesAmt00
IRS990/GamingGrossIncomeAmt00
IRS990/GoverningBodyVotingMembersCnt01
IRS990/GrantAmt00
IRS990/GrantsPayableGrp/BOYAmt00
IRS990/GrantsPayableGrp/EOYAmt00
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt00
IRS990/GrantsToDomesticOrgsGrp/TotalAmt00
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt03071556
IRS990/GrossReceiptsAmt015928230
IRS990/GrossSalesOfInventoryAmt00
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IncmFromInvestBondProceedsGrp/TotalRevenueColumnAmt00
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt01
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InformationTechnologyGrp/TotalAmt00
IRS990/InsuranceGrp/TotalAmt00
IRS990/IntangibleAssetsGrp/BOYAmt00
IRS990/IntangibleAssetsGrp/EOYAmt00
IRS990/InterestGrp/TotalAmt00
IRS990/InventoriesForSaleOrUseGrp/BOYAmt00
IRS990/InventoriesForSaleOrUseGrp/EOYAmt00
IRS990/InvestmentIncomeGrp/ExclusionAmt05714062
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt010120262
IRS990/InvestmentIncomeGrp/UnrelatedBusinessRevenueAmt04406200
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt00
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt00
IRS990/InvestmentsProgramRelatedGrp/BOYAmt00
IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt0207692665
IRS990/InvestmentsPubTradedSecGrp/EOYAmt0180987591
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipBasisNetGrp/BOYAmt00
IRS990/LandBldgEquipBasisNetGrp/EOYAmt00
IRS990/LegalDomicileStateCd0NY
IRS990/LoanOutstandingInd0false
IRS990/LoansFromOfficersDirectorsGrp/BOYAmt00
IRS990/LoansFromOfficersDirectorsGrp/EOYAmt00
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingOtherInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0false
IRS990/MissionDesc0TO FUND WELFARE BENEFITS FOR RETIREES PURSUANT TO IRC SECTION 501(C)(9).
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt00
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt00
IRS990/NetAssetsOrFundBalancesBOYAmt0207692665
IRS990/NetAssetsOrFundBalancesEOYAmt0183096585
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt01553553
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt03071556
IRS990/NetGainOrLossInvestmentsGrp/UnrelatedBusinessRevenueAmt01518003
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetUnrelatedBusTxblIncmAmt05864944
IRS990/NetUnrlzdGainsLossesInvstAmt0-23568186
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/TotalAmt00
IRS990/OfficeExpensesGrp/TotalAmt00
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt00
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc02017 UBIT EXPENSE
IRS990/OtherExpensesGrp/FundraisingAmt00
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt02200000
IRS990/OtherExpensesGrp/ProgramServicesAmt00
IRS990/OtherExpensesGrp/TotalAmt02200000
IRS990/OtherLiabilitiesGrp/BOYAmt00
IRS990/OtherLiabilitiesGrp/EOYAmt00
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/TotalAmt00
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt00
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayrollTaxesGrp/TotalAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt00
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0D SCOTT HOWAT
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0525100
IRS990/ProgramServiceRevenueGrp/BusinessCd1525100
IRS990/ProgramServiceRevenueGrp/Desc0EMPLOYER CONTRIBUTIONS
IRS990/ProgramServiceRevenueGrp/Desc1PARTICIPANT CONTRIBUTIONS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01854704
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1881708
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01854704
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1881708
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYBenefitsPaidToMembersAmt09159555
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt020797789
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt03904184
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt02089055
IRS990/PYRevenuesLessExpensesAmt09751982
IRS990/PYSalariesCompEmpBnftPaidAmt071123
IRS990/PYTotalExpensesAmt013134862
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt022886844
IRS990/RcvblFromDisqualifiedPrsnGrp/BOYAmt00
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-1027894
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt02736412
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0207692665
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0183096585
IRS990/SavingsAndTempCashInvstGrp/BOYAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990/ScheduleBRequiredInd0false
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0BECAUSE BAE SYSTEMS FUNDED RETIREE BENEFIT TRUST IS A VEBA, IT DOES NOT HAVE A GOVERNING BODY OF ITS OWN. THE GOVERNING BODY OF BAE SYSTEMS, INC. HAS A COMMITTEE WHICH RELATES TO ITS VEBAS. THIS COMMITTEE HAS THE AUTHORITY TO ACT ON BEHALF OF THE BAE SYSTEMS, INC. GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1FORM 990 WAS PREPARED AND REVIEWED BY AN INDEPENDENT ACCOUNTING FIRM. THE PLAN SPONSOR, BAE SYSTEMS' MANAGEMENT TEAM WITH OVERSIGHT RESPONSIBILITY OVER THE VEBA, PERFORMED A REVIEW OF FORM 990 BEFORE IT WAS FILED WITH THE INTERNAL REVENUE SERVICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE VEBA DOES NOT MAKE ITS GOVERNING DOCUMENTS OR INTERNAL FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THIS VEBA IS ESTABLISHED UNDER A COLLECTIVELY BARGAINED PLAN. PURSUANT TO THE TAX REFORM ACT OF 1986, THIS FUND IS GENERALLY RELEASED FROM THE LIMITATIONS OF IRC SECTION 419A AND SECTION 512(A)(3)(E). FOR EMPLOYEES COVERED UNDER THE COLLECTIVE BARGAINING AGREEMENT, THE FILING VEBA DOES NOT HAVE CONTRIBUTIONS TO THE FUND THAT EXCEED THE ACCOUNT LIMIT AND IS THEREFORE NOT SUBJECT TO UNRELATED BUSINESS INCOME TAX ON SUCH EARNINGS. THE PORTION OF THE VEBA ATTRIBUTED TO ANY EMPLOYEES NOT COVERED BY THE COLLECTIVE BARGAINING AGREEMENT IS SUBJECT TO UNRELATED BUSINESS INCOME TAX AND IS REPORTED ACCORDINGLY ON FORM 990-T.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE TRUST'S FINANCIAL STATEMENTS ARE AUDITED BY AN INDEPENDENT ACCOUNTANT FOR THE YEAR ON A CONSOLIDATED BASIS. HOWEVER, AT THE TIME OF FILING THIS TAX RETURN, THE AUDIT FOR 2018 WAS NOT ISSUED AND IN DRAFT WITH AN UNQUALIFIED OPINION.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, LINE 8A & 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3COLLECTIVELY BARGAINED AGGREMENT
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4PART XII, LINE 2B
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingEntityName/BusinessNameLine1Txt0NA
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EIN0046957993
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt0C CORP
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd0VA
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt0DEFENSE CONTR
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt0BAE SYSTEMS INC
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/AddressLine1Txt01101 WILSON BLVD STE 2000
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/CityNm0ARLINGTON
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/StateAbbreviationCd0VA
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/ZIPCd022209
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0false
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0false
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0false
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0false
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt02431381
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt12866982
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0BOOK
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt1BOOK
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0BAE SYSTEMS INC
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt1BAE SYSTEMS INC
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0R
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt1S
IRS990ScheduleR/TransferFromOtherOrgInd0true
IRS990ScheduleR/TransferToOtherOrgInd0true
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondLiabilitiesGrp/BOYAmt00
IRS990/TaxExemptBondLiabilitiesGrp/EOYAmt00
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0207692665
IRS990/TotalAssetsEOYAmt0183096585
IRS990/TotalAssetsGrp/BOYAmt0207692665
IRS990/TotalAssetsGrp/EOYAmt0183096585
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt03112837
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt013843287
IRS990/TotalFunctionalExpensesGrp/TotalAmt016956124
IRS990/TotalGrossUBIAmt05924203
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0207692665
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0183096585
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt013843287
IRS990/TotalProgramServiceRevenueAmt02736412
IRS990/TotalReportableCompFromOrgAmt0111633
IRS990/TotalRevenueGrp/ExclusionAmt07267615
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt02736412
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt015928230
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt05924203
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0207692665
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0183096585
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/TotalAmt00
IRS990/TypeOfOrganizationTrustInd0X
IRS990/UnrelatedBusIncmOverLimitInd0true
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt00
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01101 Wilson Boulevard
IRS990/USAddress/CityNm0Arlington
IRS990/USAddress/StateAbbreviationCd0VA
IRS990/USAddress/ZIPCd022209
IRS990/VotingMembersGoverningBodyCnt01
IRS990/VotingMembersIndependentCnt01
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02020-03-31 21:24:44Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0D SCOTT HOWAT
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIRMAN ADMIN CMT
ReturnHeader/BusinessOfficerGrp/PhoneNum07033126100
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-11-11
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0BAE Systems Funded Retiree Benefit Trust
ReturnHeader/Filer/BusinessNameControlTxt0BAES
ReturnHeader/Filer/EIN0046957993
ReturnHeader/Filer/InCareOfNm0% DOHI SHIN BAE SYSTEMS INC
ReturnHeader/Filer/PhoneNum07033126100
ReturnHeader/Filer/USAddress/AddressLine1Txt01101 Wilson Boulevard Suite 2000
ReturnHeader/Filer/USAddress/CityNm0Arlington
ReturnHeader/Filer/USAddress/StateAbbreviationCd0VA
ReturnHeader/Filer/USAddress/ZIPCd022209
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0C3A24384C7FB6CB8AB7906F598D11C961889714C
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0C3A24384C7FB6CB8AB7906F598D11C961889714C
ReturnHeader/FilingSecurityInformation/FederalOriginalSubmissionId013049920193175000011
ReturnHeader/FilingSecurityInformation/FederalOriginalSubmissionIdDt02019-11-13
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0167.68.125.77
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0PricewaterhouseCoopers LLP

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$183,096,585
Liabilities
$0
Net assets
$183,096,585
Revenue
$15,928,230
Expenses
$16,956,124
Net income
-$1,027,894
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$157$0.00$157$7.43$11.4$3.99
2023Detailed filing. Detailed filing data is available for this year.$162$0.00$162$6.20$12.1$5.90
2022Detailed filing. Detailed filing data is available for this year.$165$0.00$165$11.8$13.5$25.4
2021Detailed filing. Detailed filing data is available for this year.$206$0.00$206$16.9$14.6$2.36
2020Detailed filing. Detailed filing data is available for this year.$211$0.00$211$11.5$11.6$0.10
2019Detailed filing. Detailed filing data is available for this year.$214$0.00$214$15.4$12.0$3.40
2018Detailed filing. Detailed filing data is available for this year.$183$0.00$183$15.9$17.0$1.03
2017Detailed filing. Detailed filing data is available for this year.$208$0.00$208$22.9$13.1$9.75
2016Detailed filing. Detailed filing data is available for this year.$189$0.00$189$21.1$16.4$4.63
2015Summary only. Only limited summary data is available for this year.$190$0.00$190$24.4$14.9$9.54
2014Summary only. Only limited summary data is available for this year.$194$0.00$194$21.9$13.7$8.21
2013Summary only. Only limited summary data is available for this year.$183$0.00$183$23.3$15.4$7.93
2012Summary only. Only limited summary data is available for this year.$157$0.00$157$20.2$22.1$1.98
2011Summary only. Only limited summary data is available for this year.$147$0.00$147$27.2$26.9$0.33
2010Summary only. Only limited summary data is available for this year.$146$0.00$146$36.5$21.0$15.5