Civic Intelligence

Plan 625 Veba Trust

990 • Fiscal year 2014 • EIN 11-3569452

Jan 01, 2014 to Dec 31, 2014 • Filed on Oct 06, 2015

383 Madison Avenue Floor 11New York, NY 10179

(212) 623-8520

Siviq Scores

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

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on this filing.

Source year 2014

Liabilities / Revenue

61st percentile

0.00x

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

2014 filings • 501(c)9 • <$500k nonprofits • Source year 2014

Net Margin

10th percentile

-401%

Higher net margin than 10% of similar nonprofits.

2014 filings • 501(c)9 • <$500k nonprofits • Source year 2014

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2014

Asset Growth

6th percentile

-100%

Faster asset growth than 6% of similar nonprofits.

2014 filings • 501(c)9 • <$500k nonprofits • Annualized from 2013 to 2014

Revenue Growth

86th percentile

34%

Faster revenue growth than 86% of similar nonprofits.

2014 filings • 501(c)9 • <$500k nonprofits • Annualized from 2013 to 2014

Assets

Down

$0

Down $6,570,848 (-100%) from 2013

Net Assets

Down

$0

Down $6,570,848 (-100%) from 2013

Liabilities

Flat

$0

Flat from 2013

Revenue

Up

$6,382

Up $1,607 (+34%) from 2013

Expenses

Up

$31,990

Up $8,165 (+34%) from 2013

Net Income

Down

-$25,608

Down $6,558 (-34%) from 2013

Historical Trend

Balance Sheet Trend

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

$8.0M$6.0M$4.0M$2.0M$0Assets 2010: $6,614,653Liabilities 2010: $0Net Assets 2010: $6,614,6532010Assets 2011: $6,602,390Liabilities 2011: $0Net Assets 2011: $6,602,3902011Assets 2012: $6,589,898Liabilities 2012: $0Net Assets 2012: $6,589,8982012Assets 2013: $6,570,848Liabilities 2013: $0Net Assets 2013: $6,570,8482013Assets 2014: $0Liabilities 2014: $0Net Assets 2014: $02014

Highlighted filing

2014

Assets$0
Liabilities$0
Net Assets$0

Operations Trend

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

$40K$20K$0-$20K-$40KExpenses 2010: $24,9082010Expenses 2011: $19,6202011Revenue 2012: $11,108Expenses 2012: $23,600Net Income 2012: -$12,4922012Revenue 2013: $4,775Expenses 2013: $23,825Net Income 2013: -$19,0502013Revenue 2014: $6,382Expenses 2014: $31,990Net Income 2014: -$25,6082014

Highlighted filing

2014

Revenue$6,382
Expenses$31,990
Net Income-$25,608
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Oct 6, 2015
Return Version
2014v5.0
Gross Receipts
$6,382
Mission and Program Overview

Mission

Provide long-term disability insurance benefits to eligible members in accordance with the terms of the plan. Long-term disability benefits are provided to active employees only.

Provide long-term disability insurance benefits to eligible members in accordance with terms of the plan. Long-term disability benefits are for active employees only.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cap Stk Tr Prin Current Funds$6,570,848$0▼ $6,570,848
Savings and Temporary Cash Investments$6,570,599$0▼ $6,570,599
Accounts Receivable$249$0▼ $249
Cash and Non-Interest-Bearing Accounts$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
Investments in Publicly Traded Securities$0$0→ $0
Land, Buildings, and Equipment, Net$0--
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Rtn Earn Endowment Incm Other Fnds$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$6,570,848$0▼ $6,570,848
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$6,570,848$0▼ $6,570,848
Total Liabilities and Net Assets / Fund Balance$6,570,848$0▼ $6,570,848
Compensation and Service Providers

Employees

NameTitleBaseTotal
Jpmorgan Chase Bank NaTrustee$5,927$5,927
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$3,965
Investment Income
$2,417
Other Revenue
$0
Change in Net Assets
$-25,608
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$26,063
Salaries, Compensation, and Employee Benefits$5,927
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Accounting---$26,063
Current Officers, Directors, Trustees, and Key Employees---$5,927
Total Functional Expenses$0$0$0$31,990
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
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
Audit committee
Yes
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
Yes
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Plan 625 Veba Trust
EIN
11-3569452
In Care Of
% ANNA R INCORVAIA
Phone
2126238520
Address
383 Madison Avenue Floor 11, New York, NY 10179

Signing Officer

Name
Edward Flannery
Title
Executive Director
Signed
2015-10-06

Organization Details

Principal Officer
Andrew Ward The Boeing Co
Formed
2000
Legal Domicile
Ny
Voting Board Members
1
Independent Board Members
0
Employees
0
Volunteers
0

Preparer

Firm
Ernst & Young US Llp
Address
111 MONUMENT CIRCLE SUITE 4000, INDIANAPOLIS, IN 46204
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 3

AS OF DECEMBER 31, 2014, THE REMAINING ASSETS OF THE PLAN 625 VEBA TRUST WERE TRANSFERRED TO NON-VEBA PLAN 503. THE ASSETS ARE NOW HELD BY AETNA LIFE INSURANCE COMPANY IN A GUARANTEED FUNDING CONTRACT TO SUBSIDIZE THE PREMIUMS FOR THE NONUNION LTD BENEFIT CONTINUING IN PLAN 503. FORM 990, PART VI, SECTION A, LINES 1A & 1B JPMORGAN CHASE BANK, N.A. SERVES AS THE SOLE DIRECTED TRUSTEE OF THE PLAN 625 VEBA TRUST. THE PLAN SPONSOR IS THE BOEING COMPANY. THE PLAN 625 VEBA TRUST IS ADMINISTERED BY THE PLAN SPONSOR IN ACCORDANCE WITH THE TERMS OF THE TRUST AGREEMENT AS SUCH THE VEBA DOES NOT HAVE A GOVERNING BODY THAT EXERCISES DISCRETION. FORM 990, PART VI, SECTIONS A & B, LINES 8, 12-15 THESE QUESTIONS ARE NOT APPLICABLE TO THE TRUST. ADDITIONALLY, THE TRUST DOES NOT HAVE ANY EMPLOYEES; THEREFORE, NO PROCESSES RELATED TO EMPLOYEE COMPENSATION ARE IN PLACE. FORM 990, PART VI, SECTION B, LINE 11A NO REVIEW WAS NOR WILL BE CONDUCTED. FORM 990, PART VI, SECTION C, LINE 19 AS A 501(C)(9) ORGANIZATION THE TRUST IS NOT REQUIRED TO MAKE THE DOCUMENTS REFERENCED IN QUESTION 19 AVAILABLE TO THE GENERAL PUBLIC. HOWEVER, THE DOCUMENTS ARE AVAILABLE TO THE MEMBERS IN THE OFFICE. FORM 990, PART VII, COLUMN (B) AVERAGE HOURS PER WEEK DEVOTED TO POSITION: AS TRUSTEE JPMORGAN CHASE BANK N.A. PROVIDED ADMINISTRATIVE SERVICES SUCH AS ACTING AS INVESTMENT MANAGER FOR PLAN 625 VEBA TRUST. THEIR SERVICES REQUIRE NUMEROUS iNDIVIDUAL BANK EMPLOYEES' INVOLVEMENT IN THE ACTIVITIES OF THE ORGANIZATION AND THUS CANNOT BE QUANTIFIED ON AN HOURLY BASIS. THEREFORE, THE TRUSTEE'S FEES ARE NOT BASED UPON AN HOURLY RATE BUT ARE CALCULATED BASED UPON FACTORS SUCH AS THE MARKET VALUE OF THE ACCOUNT AND IN ACCORDANCE WITH THEIR AGREEMENT WITH THE BOEING COMPANY. Form 990, Part XI, Line 9 Transfer to Aetna Life Insurance Company - $6,545,240 FORM 990, PART XII, LINE 1 MODIFIED CASH BASIS. FORM 990, PART XII, LINE 2C THE INDIVIDUAL VEBA TRUST IS NOT SEPARATELY AUDITED, HOWEVER IT IS INCLUDED IN THE CONSOLIDATED AUDIT OF THE PLAN.

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

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0AS OF DECEMBER 31, 2014, THE REMAINING ASSETS OF THE PLAN 625 VEBA TRUST WERE TRANSFERRED TO NON-VEBA PLAN 503. THE ASSETS ARE NOW HELD BY AETNA LIFE INSURANCE COMPANY IN A GUARANTEED FUNDING CONTRACT TO SUBSIDIZE THE PREMIUMS FOR THE NONUNION LTD BENEFIT CONTINUING IN PLAN 503. FORM 990, PART VI, SECTION A, LINES 1A & 1B JPMORGAN CHASE BANK, N.A. SERVES AS THE SOLE DIRECTED TRUSTEE OF THE PLAN 625 VEBA TRUST. THE PLAN SPONSOR IS THE BOEING COMPANY. THE PLAN 625 VEBA TRUST IS ADMINISTERED BY THE PLAN SPONSOR IN ACCORDANCE WITH THE TERMS OF THE TRUST AGREEMENT AS SUCH THE VEBA DOES NOT HAVE A GOVERNING BODY THAT EXERCISES DISCRETION. FORM 990, PART VI, SECTIONS A & B, LINES 8, 12-15 THESE QUESTIONS ARE NOT APPLICABLE TO THE TRUST. ADDITIONALLY, THE TRUST DOES NOT HAVE ANY EMPLOYEES; THEREFORE, NO PROCESSES RELATED TO EMPLOYEE COMPENSATION ARE IN PLACE. FORM 990, PART VI, SECTION B, LINE 11A NO REVIEW WAS NOR WILL BE CONDUCTED. FORM 990, PART VI, SECTION C, LINE 19 AS A 501(C)(9) ORGANIZATION THE TRUST IS NOT REQUIRED TO MAKE THE DOCUMENTS REFERENCED IN QUESTION 19 AVAILABLE TO THE GENERAL PUBLIC. HOWEVER, THE DOCUMENTS ARE AVAILABLE TO THE MEMBERS IN THE OFFICE. FORM 990, PART VII, COLUMN (B) AVERAGE HOURS PER WEEK DEVOTED TO POSITION: AS TRUSTEE JPMORGAN CHASE BANK N.A. PROVIDED ADMINISTRATIVE SERVICES SUCH AS ACTING AS INVESTMENT MANAGER FOR PLAN 625 VEBA TRUST. THEIR SERVICES REQUIRE NUMEROUS iNDIVIDUAL BANK EMPLOYEES' INVOLVEMENT IN THE ACTIVITIES OF THE ORGANIZATION AND THUS CANNOT BE QUANTIFIED ON AN HOURLY BASIS. THEREFORE, THE TRUSTEE'S FEES ARE NOT BASED UPON AN HOURLY RATE BUT ARE CALCULATED BASED UPON FACTORS SUCH AS THE MARKET VALUE OF THE ACCOUNT AND IN ACCORDANCE WITH THEIR AGREEMENT WITH THE BOEING COMPANY. Form 990, Part XI, Line 9 Transfer to Aetna Life Insurance Company - $6,545,240 FORM 990, PART XII, LINE 1 MODIFIED CASH BASIS. FORM 990, PART XII, LINE 2C THE INDIVIDUAL VEBA TRUST IS NOT SEPARATELY AUDITED, HOWEVER IT IS INCLUDED IN THE CONSOLIDATED AUDIT OF THE PLAN.
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IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt0THE BOEING COMPANY
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IRS990/USAddress/AddressLine1Txt0100 N Riverside PLMC 5003-301
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ReturnHeader/BuildTS02016-02-25 16:41:14Z
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ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-10-06
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Plan 625 Veba Trust
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ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0ERNST & YOUNG US LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0111 MONUMENT CIRCLE SUITE 4000
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0INDIANAPOLIS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IN
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ReturnHeader/ReturnTs02015-10-07T15:28:01-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02014-01-01
ReturnHeader/TaxPeriodEndDt02014-12-31
ReturnHeader/TaxYr02014

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