Civic Intelligence

IBM Medical Benefits Trust

EIN 13-3017999 • 501(c)9 • brooklyn, NY

Profile

The primary exempt purpose is to provide medical and dental benefits to eligible participants covered under the ibm corporation medical & dental benefits plan trust.

4 chase metrotech centerbrooklyn, NY 11245

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

4th percentile

0.00x

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

$1B+ nonprofits • Source year 2024

Liabilities / Revenue

4th percentile

0.00x

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

$1B+ nonprofits • Source year 2024

Net Margin

20th percentile

-0.1%

Higher net margin than 20% of similar nonprofits.

$1B+ nonprofits • Source year 2024

Top Officer Pay

5th percentile

$5,000

Higher top officer pay than 5% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

$1B+ nonprofits • Source year 2024

Asset Growth

7th percentile

-5.5%

Faster asset growth than 7% of similar nonprofits.

$1B+ nonprofits • Annualized from 2023 to 2024

Revenue Growth

24th percentile

4.0%

Faster revenue growth than 24% of similar nonprofits.

$1B+ nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets4th percentile

Assets

Down

$18,360,338

Down $1,058,893 (-5.5%) from 2023

Liabilities

Flat

$0

Flat from 2023

Net Assets

Down

$18,360,338

Down $1,058,893 (-5.5%) from 2023

Operations
Liabilities / Revenue4th percentileNet Margin20th percentile

Revenue

Up

$1,074,044,515

Up $41,090,329 (+4.0%) from 2023

Expenses

Up

$1,075,280,421

Up $35,712,986 (+3.4%) from 2023

Net Income

Up

-$1,235,906

Up $5,377,343 (+81%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth7th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$600M$400M$200M$0Assets 2010: $1Liabilities 2010: $0Net Assets 2010: $02010Assets 2011: $96,833,042Liabilities 2011: $0Net Assets 2011: $96,833,0422011Assets 2012: $491,549,982Liabilities 2012: $0Net Assets 2012: $491,549,9822012Assets 2013: $210,070,825Liabilities 2013: $0Net Assets 2013: $210,070,8252013Assets 2014: $52,640,004Liabilities 2014: $0Net Assets 2014: $52,640,0042014Assets 2015: $99,526,237Liabilities 2015: $0Net Assets 2015: $99,526,2372015Assets 2016: $58,070,359Liabilities 2016: $0Net Assets 2016: $58,070,3592016Assets 2017: $47,847,932Liabilities 2017: $0Net Assets 2017: $47,847,9322017Assets 2018: $32,284,997Liabilities 2018: $0Net Assets 2018: $32,284,9972018Assets 2019: $8,762,420Liabilities 2019: $0Net Assets 2019: $8,762,4202019Assets 2020: $25,444,698Liabilities 2020: $0Net Assets 2020: $25,444,6982020Assets 2021: $17,516,319Liabilities 2021: $0Net Assets 2021: $17,516,3192021Assets 2022: $26,032,479Liabilities 2022: $0Net Assets 2022: $26,032,4792022Assets 2023: $19,419,231Liabilities 2023: $0Net Assets 2023: $19,419,2312023Assets 2024: $18,360,338Liabilities 2024: $0Net Assets 2024: $18,360,3382024

Highlighted filing

2024

Assets$18,360,338
Liabilities$0
Net Assets$18,360,338
Open 2024 Filing

Operations Trend

Revenue Growth24th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$2.0B$1.0B$0-$1.0BRevenue 2010: $1,184,561,708Expenses 2010: $1,236,995,896Net Income 2010: -$52,434,1882010Revenue 2011: $1,806,755,155Expenses 2011: $1,805,330,728Net Income 2011: $1,424,4272011Expenses 2012: $1,664,201,8852012Revenue 2013: $1,397,612,929Expenses 2013: $1,679,092,086Net Income 2013: -$281,479,1572013Revenue 2014: $1,278,455,586Expenses 2014: $1,435,886,407Net Income 2014: -$157,430,8212014Revenue 2015: $1,411,648,048Expenses 2015: $1,364,761,815Net Income 2015: $46,886,2332015Revenue 2016: $1,288,167,195Expenses 2016: $1,329,623,073Net Income 2016: -$41,455,8782016Revenue 2017: $1,283,135,263Expenses 2017: $1,293,357,689Net Income 2017: -$10,222,4262017Revenue 2018: $1,253,837,061Expenses 2018: $1,269,399,996Net Income 2018: -$15,562,9352018Revenue 2019: $1,182,769,304Expenses 2019: $1,206,291,883Net Income 2019: -$23,522,5792019Revenue 2020: $1,146,807,350Expenses 2020: $1,130,125,072Net Income 2020: $16,682,2782020Revenue 2021: $1,151,113,587Expenses 2021: $1,159,041,966Net Income 2021: -$7,928,3792021Revenue 2022: $1,080,123,730Expenses 2022: $1,071,607,570Net Income 2022: $8,516,1602022Revenue 2023: $1,032,954,186Expenses 2023: $1,039,567,435Net Income 2023: -$6,613,2492023Revenue 2024: $1,074,044,515Expenses 2024: $1,075,280,421Net Income 2024: -$1,235,9062024

Highlighted filing

2024

Revenue$1,074,044,515
Expenses$1,075,280,421
Net Income-$1,235,906
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$18,360,338
Liabilities
$0
Net assets
$18,360,338
Revenue
$1,074,044,515
Expenses
$1,075,280,421
Net income
-$1,235,906
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$18.4$0.00$18.4$1,074$1,075$1.24
2023Detailed filing. Detailed filing data is available for this year.$19.4$0.00$19.4$1,033$1,040$6.61
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$26.0$0.00$26.0$1,080$1,072$8.52
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$17.5$0.00$17.5$1,151$1,159$7.93
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$25.4$0.00$25.4$1,147$1,130$16.7
2019Detailed filing. Detailed filing data is available for this year.$8.76$0.00$8.76$1,183$1,206$23.5
2018Detailed filing. Detailed filing data is available for this year.$32.3$0.00$32.3$1,254$1,269$15.6
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$47.8$0.00$47.8$1,283$1,293$10.2
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$58.1$0.00$58.1$1,288$1,330$41.5
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$99.5$0.00$99.5$1,412$1,365$46.9
2014Detailed filing. Detailed filing data is available for this year.$52.6$0.00$52.6$1,278$1,436$157
2013Detailed filing. Detailed filing data is available for this year.$210$0.00$210$1,398$1,679$281
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$492$0.00$492$1,664
2011Summary only. Only limited summary data is available for this year.$96.8$0.00$96.8$1,807$1,805$1.42
2010Summary only. Only limited summary data is available for this year.$0.00$0.00$0.00$1,185$1,237$52.4
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Oct 7, 2025
Return Version
2024v5.2
Gross Receipts
$1,113,968,573
Mission and Program Overview

Mission

The primary exempt purpose is to provide medical and dental benefits to eligible participants covered under the ibm corporation medical & dental benefits plan trust.

to provide medical and dental benefits to eligible participants covered under the ibm corporation medical & dental benefits plan trust.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cap Stk Tr Prin Current Funds$19,419,231$18,360,338▼ $1,058,893
Savings and Temporary Cash Investments$19,191,524$18,067,374▼ $1,124,150
Cash and Non-Interest-Bearing Accounts$119,466$141,779▲ $22,313
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
Investments in Publicly Traded Securities$0$0→ $0
Land, Buildings, and Equipment, Net$0$0→ $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$19,419,231$18,360,338▼ $1,058,893
Other Assets Total$108,241$151,185▲ $42,944
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$19,419,231$18,360,338▼ $1,058,893
Total Liabilities and Net Assets / Fund Balance$19,419,231$18,360,338▼ $1,058,893
Compensation and Service Providers
Top Officer Pay5th percentile

Employees

NameTitleBaseTotal
Jpmorgan Chase Bank NaTrustee$5,000$5,000
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,070,069,169
Investment Income
$3,975,346
Other Revenue
$0
Change in Net Assets
$-1,235,906
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$5,000
Grants and Similar Amounts Paid$0
Other Expenses$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Benefits to Members---$1,075,275,421
Current Officers, Directors, Trustees, and Key Employees---$5,000
Total Functional Expenses$0$0$0$1,075,280,421
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 35% controlled entity
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, Section A, Line 8A

“Meetings held and actions taken by governing board there are no meetings of the governing body or committees to document.”

Form 990, Part VI, Section B, Line 11B

“Review of Form 990 The Form 990 is prepared by an independent accounting firm and reviewed prior to filing by the Trustee and others at the sponsor who are responsible for the administration of the trust.”

Form 990, Part VI, Section C, Line 19

“Documents as a 501(c)(9) organization, the trust is not required to make the documents referenced in question 19 available to the general public.”

Form 990, Part VII, Section A, Line 1, Column B

“Average hours per week devoted to position as trustee, jpmorgan chase bank na provides administrative services, such as acting as investment manager for ibm medical benefits trust. These services require numerous individual bank employees' involvement in the activities of the organization and thus cannot be quantified on an hourly basis. Any trustee fees are based upon jpmorgan chase bank na's fee agreement with ibm medical benefits trust.”

Filing and Contact Details

Filer

Filer Name
IBM Medical Benefits Trust
EIN
13-3017999
In Care Of
% ANASTASIA D YUELYS
Phone
2125522992
Address
4 chase metrotech center, brooklyn, NY 11245

Signing Officer

Name
Jose Pires
Title
Tr Pln Administrator
Phone
2125522992
Signed
2025-10-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jpmorgan Chase Bank Na
Formed
2006
Legal Domicile
Ny
Voting Board Members
1
Independent Board Members
0
Employees
0
Volunteers
0

Preparer

Firm
Ernst & Young US Llp
Address
155 N Wacker Drive, Chicago, IL 60606
Preparer
Morgan Eads
Phone
3128792000
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

“Other changes in net assets transfers in $ 935,308,009 transfers out ($ 935,130,996) total other changes in net assets $ 177,013”

Raw XML Appendix364 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
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IRS990/BooksInCareOfDetail/USAddress/CityNm0Brooklyn
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IRS990/CYTotalRevenueAmt01074044515
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IRS990/DepreciationDepletionGrp/TotalAmt00
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IRS990/DescribedInSection501c3Ind0false
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IRS990/EmployeeCnt00
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IRS990/GainOrLossGrp/SecuritiesAmt017275
IRS990/GamingActivitiesInd0false
IRS990/GamingDirectExpensesAmt00
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IRS990/GoverningBodyVotingMembersCnt01
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IRS990/IndependentAuditFinclStmtInd0false
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0MEETINGS HELD AND ACTIONS TAKEN BY GOVERNING BOARD THERE ARE NO MEETINGS OF THE GOVERNING BODY OR COMMITTEES TO DOCUMENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Review of Form 990 The Form 990 is prepared by an independent accounting firm and reviewed prior to filing by the Trustee and others at the sponsor who are responsible for the administration of the trust.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DOCUMENTS AS A 501(C)(9) ORGANIZATION, THE TRUST IS NOT REQUIRED TO MAKE THE DOCUMENTS REFERENCED IN QUESTION 19 AVAILABLE TO THE GENERAL PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3AVERAGE HOURS PER WEEK DEVOTED TO POSITION AS TRUSTEE, JPMORGAN CHASE BANK NA PROVIDES ADMINISTRATIVE SERVICES, SUCH AS ACTING AS INVESTMENT MANAGER FOR IBM MEDICAL BENEFITS TRUST. THESE SERVICES REQUIRE NUMEROUS INDIVIDUAL BANK EMPLOYEES' INVOLVEMENT IN THE ACTIVITIES OF THE ORGANIZATION AND THUS CANNOT BE QUANTIFIED ON AN HOURLY BASIS. ANY TRUSTEE FEES ARE BASED UPON JPMORGAN CHASE BANK NA'S FEE AGREEMENT WITH IBM MEDICAL BENEFITS TRUST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4OTHER CHANGES IN NET ASSETS TRANSFERS IN $ 935,308,009 TRANSFERS OUT ($ 935,130,996) TOTAL OTHER CHANGES IN NET ASSETS $ 177,013
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 8A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VII, SECTION A, LINE 1, COLUMN B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XI, LINE 9
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IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt0COMPUTER SOFTWARE
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IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01074044515
IRS990/TotalVolunteersCnt00
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IRS990/VotingMembersGoverningBodyCnt01
IRS990/VotingMembersIndependentCnt00
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Jose Pires
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TR PLN ADMINISTRATOR
ReturnHeader/BusinessOfficerGrp/PhoneNum02125522992
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-10-07
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0IBM Medical Benefits Trust
ReturnHeader/Filer/BusinessNameControlTxt0IBMM
ReturnHeader/Filer/EIN0133017999
ReturnHeader/Filer/InCareOfNm0% ANASTASIA D YUELYS
ReturnHeader/Filer/PhoneNum02125522992
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ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0ERNST & YOUNG US LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0155 N Wacker Drive
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Chicago
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd060606
ReturnHeader/PreparerPersonGrp/PhoneNum03128792000
ReturnHeader/PreparerPersonGrp/PreparationDt02025-08-22
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MORGAN EADS
ReturnHeader/ReturnTs02025-10-07T15:08:59-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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