Liabilities / Assets
18th percentile
Tied with the lowest-debt nonprofits in its peer group.
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
0.00x
Liabilities / Revenue
19th percentile
Tied with the lowest-debt nonprofits in its peer group.
Net Margin
99th percentile
Higher net margin than 99% of similar nonprofits.
Top Officer Pay
44th percentile
Higher top officer pay than 44% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
64th percentile
Faster asset growth than 64% of similar nonprofits.
Revenue Growth
Score unavailable
A valid growth rate could not be computed from the available filing history.
Balance Sheet
Assets
Up$38,021,832
Up $3,908,557 (+11%) from 2022
Net Assets
Up$38,021,832
Up $3,908,557 (+11%) from 2022
Liabilities
Flat$0
Flat from 2022
Revenue And Expenses
Revenue
Up$3,992,457
Up $12,605,169 (+146%) from 2022
Expenses
Up$83,900
Up $89 (+0.1%) from 2022
Net Income
Up$3,908,557
Up $12,605,080 (+145%) from 2022
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2023 to Dec 31, 2023
- Signed
- Nov 4, 2024
- Return Version
- 2023v5.1
- Gross Receipts
- $3,992,457
Mission and Program Overview
Mission
SEE SCHEDULE 0
SEE SCHEDULE O
Balance Sheet Detail
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Rtn Earn Endowment Incm Other Fnds | $34,113,275 | $38,021,832 | ▲ $3,908,557 |
| Cash and Non-Interest-Bearing Accounts | $0 | $0 | → $0 |
| 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 |
| 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 |
| 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 |
| Other Assets Total | $34,113,275 | $38,021,832 | ▲ $3,908,557 |
| Total Assets | $34,113,275 | $38,021,832 | ▲ $3,908,557 |
| 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 | $34,113,275 | $38,021,832 | ▲ $3,908,557 |
| Total Liabilities and Net Assets / Fund Balance | $34,113,275 | $38,021,832 | ▲ $3,908,557 |
Asset Categories
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Other Assets Org | $38,021,832 | - | - |
Compensation and Service Providers
Board Members and Trustees
| Name | Title |
|---|---|
| Todd M Smasal | VP Total Rewards |
Revenue and Support
Revenue Composition
- Contributions and Grants
- $0
- Program Service Revenue
- $0
- Investment Income
- $0
- Other Revenue
- $3,992,457
- Change in Net Assets
- $3,908,557
Audited Revenue Reconciliation
- Revenue per Audited Statements
- $3,992,457
- Total Revenue per Audited Statements
- $3,992,457
- Total Revenue per Form 990
- $3,992,457
Expenses and Functional Allocation
Major Expense Lines
| Line Item | Amount |
|---|---|
| Other Expenses | $83,900 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Salaries, Compensation, and Employee Benefits | $0 |
| Total Fundraising Expense | $0 |
Functional Expense Allocation
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Fees for Services Management | $83,900 | - | - | $83,900 |
| Total Functional Expenses | $83,900 | $0 | $0 | $83,900 |
Audited Expense Reconciliation
| Line Item | Amount |
|---|---|
| Expenses per Audited Statements | $83,900 |
| Total Expenses per Audited Statements | $83,900 |
| Total Expenses per Form 990 | $83,900 |
Fundraising, Events, and Gaming
- Fundraising activities
- No
- Gaming activities
- No
- Professional fundraiser used
- No
Fundraising and Gaming Totals
| Line Item | Amount |
|---|---|
| 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 Item | Beginning | End | Change |
|---|---|---|---|
| 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
- Yes
- Audit committee
- Yes
- Backup withholding compliance
- Yes
- 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
Part VI, Line 8(B)
“The nml benefit plans trust does not have a committee with the authority to act on behalf of the governing body.”
Part VI, Line 11A
“The form 990 is prepared by the tax division of the northwestern mutual life insurance company after the audited financial statement of the trust are final. The form 990 is reviewed in the tax division and by the trustee prior to filing with the irs.”
PART VI, LINE 15(A) - (B)
“This question is not applicable as the trustees do not receive compensation from the organization.”
Part VI, Line 19
“Applicable forms are available to the public, including beneficiaries, upon request.”
Part VII
“See form 990, part vii for a listing of the trustees of the organization. The trustee does not receive any compensation from the organization.the trustee is also vp of total rewards with the northwestern mutual life insurance company. We do not believe the northwestern mutual life insurance company is a related organization for the purposes of this filing.”
Filing and Contact Details
Filer
- Filer Name
- The Nml Benefit Plans Trust
- EIN
- 20-8855795
- In Care Of
- % DYLAN ROSKOPF
- Phone
- 4142711444
- Address
- PO BOX 3171, MILWAUKEE, WI 53201-3171
Signing Officer
- Name
- Todd Smasal
- Title
- VP Total Rewards
- Phone
- 4142711444
- Signed
- 2024-11-04
Organization Details
- Principal Officer
- Todd Smasal
- Voting Board Members
- 1
- Independent Board Members
- 1
- Employees
- 0
Supplemental Narrative
Additional Explanations
Part I, Line 1
“THE NML BENEFIT TRUST ("The Organization") WAS ESTABLISHED TO ACCUMULATE AND DISTRIBUTE FUNDS TO PROVIDE WELFARE, INCLUDING HEALTH CARE AND DISABILITY BENEFITS, TO ELIGIBLE EMPLOYEES AND AGENTS UNDER THE TERMS OF THE APPLICABLE PLANS SPONSORED BY THE NORTHWESTERN MUTUAL LIFE INSURANCE COMPANY.”
Part III, Line 1
“The nml benefit trust ("the organization") was established to accumulate and distribute funds to provide welfare, including health care and disability benefits, to eligible employees and agents under the terms of the applicable plans sponsored by the northwestern mutual life insurance company.”
Part IV, Line 34
“The organization was established to accumulate and distribute funds to provide welfare, including health care and disability benefits, to eligible employees and agents under the terms of the applicable plans sponsored by the northwestern mutual life insurance company. We do not believe the northwestern mutual life insurance company is a related organization for purposes of this filing.”
Part V, Line 3(B)
“The trust does not have unrelated business income exceeding $1,000.”
Part XII, Line 2(B)
“We responded yes to this question, which we consider consistent with the response to part iv, line 12.”
Part XII, Line 2(C)
“The oversight process of the independent audit noted in line 2(b) has not changed.”
Raw XML Appendix329 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.
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| IRS990/GrantsToIndividualsInd | 0 | false |
| IRS990/GrantsToOrganizationsInd | 0 | false |
| IRS990/GrantToRelatedPersonInd | 0 | false |
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| IRS990/GrossSalesOfInventoryAmt | 0 | 0 |
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| IRS990/ScheduleJRequiredInd | 0 | false |
| IRS990/ScheduleORequiredInd | 0 | true |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | THE NML BENEFIT TRUST ("The Organization") WAS ESTABLISHED TO ACCUMULATE AND DISTRIBUTE FUNDS TO PROVIDE WELFARE, INCLUDING HEALTH CARE AND DISABILITY BENEFITS, TO ELIGIBLE EMPLOYEES AND AGENTS UNDER THE TERMS OF THE APPLICABLE PLANS SPONSORED BY THE NORTHWESTERN MUTUAL LIFE INSURANCE COMPANY. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | THE NML BENEFIT TRUST ("THE ORGANIZATION") WAS ESTABLISHED TO ACCUMULATE AND DISTRIBUTE FUNDS TO PROVIDE WELFARE, INCLUDING HEALTH CARE AND DISABILITY BENEFITS, TO ELIGIBLE EMPLOYEES AND AGENTS UNDER THE TERMS OF THE APPLICABLE PLANS SPONSORED BY THE NORTHWESTERN MUTUAL LIFE INSURANCE COMPANY. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | THE ORGANIZATION WAS ESTABLISHED TO ACCUMULATE AND DISTRIBUTE FUNDS TO PROVIDE WELFARE, INCLUDING HEALTH CARE AND DISABILITY BENEFITS, TO ELIGIBLE EMPLOYEES AND AGENTS UNDER THE TERMS OF THE APPLICABLE PLANS SPONSORED BY THE NORTHWESTERN MUTUAL LIFE INSURANCE COMPANY. WE DO NOT BELIEVE THE NORTHWESTERN MUTUAL LIFE INSURANCE COMPANY IS A RELATED ORGANIZATION FOR PURPOSES OF THIS FILING. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | THE TRUST DOES NOT HAVE UNRELATED BUSINESS INCOME EXCEEDING $1,000. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | THE NML BENEFIT PLANS TRUST DOES NOT HAVE A COMMITTEE WITH THE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 5 | THE FORM 990 IS PREPARED BY THE TAX DIVISION OF THE NORTHWESTERN MUTUAL LIFE INSURANCE COMPANY AFTER THE AUDITED FINANCIAL STATEMENT OF THE TRUST ARE FINAL. THE FORM 990 IS REVIEWED IN THE TAX DIVISION AND BY THE TRUSTEE PRIOR TO FILING WITH THE IRS. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 6 | THIS QUESTION IS NOT APPLICABLE AS THE TRUSTEES DO NOT RECEIVE COMPENSATION FROM THE ORGANIZATION. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 7 | APPLICABLE FORMS ARE AVAILABLE TO THE PUBLIC, INCLUDING BENEFICIARIES, UPON REQUEST. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 8 | SEE FORM 990, PART VII FOR A LISTING OF THE TRUSTEES OF THE ORGANIZATION. THE TRUSTEE DOES NOT RECEIVE ANY COMPENSATION FROM THE ORGANIZATION.THE TRUSTEE IS ALSO VP OF TOTAL REWARDS WITH THE NORTHWESTERN MUTUAL LIFE INSURANCE COMPANY. WE DO NOT BELIEVE THE NORTHWESTERN MUTUAL LIFE INSURANCE COMPANY IS A RELATED ORGANIZATION FOR THE PURPOSES OF THIS FILING. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 9 | WE RESPONDED YES TO THIS QUESTION, WHICH WE CONSIDER CONSISTENT WITH THE RESPONSE TO PART IV, LINE 12. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 10 | THE OVERSIGHT PROCESS OF THE INDEPENDENT AUDIT NOTED IN LINE 2(B) HAS NOT CHANGED. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | PART I, LINE 1 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | PART III, LINE 1 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | PART IV, LINE 34 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | PART V, LINE 3(B) |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | PART VI, LINE 8(B) |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 5 | PART VI, LINE 11A |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 6 | PART VI, LINE 15(a) - (b) |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 7 | PART VI, LINE 19 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 8 | PART VII |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 9 | PART XII, LINE 2(B) |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 10 | PART XII, LINE 2(C) |
| IRS990/SchoolOperatingInd | 0 | false |
| IRS990/SignificantChangeInd | 0 | false |
| IRS990/SignificantNewProgramSrvcInd | 0 | false |
| IRS990/SubjectToProxyTaxInd | 0 | false |
| IRS990/TaxablePartyNotificationInd | 0 | false |
| IRS990/TaxExemptBondLiabilitiesGrp/BOYAmt | 0 | 0 |
| IRS990/TaxExemptBondLiabilitiesGrp/EOYAmt | 0 | 0 |
| IRS990/TaxExemptBondsInd | 0 | false |
| IRS990/TerminateOperationsInd | 0 | false |
| IRS990/TotalAssetsBOYAmt | 0 | 34113275 |
| IRS990/TotalAssetsEOYAmt | 0 | 38021832 |
| IRS990/TotalAssetsGrp/BOYAmt | 0 | 34113275 |
| IRS990/TotalAssetsGrp/EOYAmt | 0 | 38021832 |
| IRS990/TotalCompGreaterThan150KInd | 0 | false |
| IRS990/TotalContributionsAmt | 0 | 0 |
| IRS990/TotalEmployeeCnt | 0 | 0 |
| IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt | 0 | 83900 |
| IRS990/TotalFunctionalExpensesGrp/TotalAmt | 0 | 83900 |
| IRS990/TotalGrossUBIAmt | 0 | 0 |
| IRS990/TotalLiabilitiesBOYAmt | 0 | 0 |
| IRS990/TotalLiabilitiesEOYAmt | 0 | 0 |
| IRS990/TotalLiabilitiesGrp/BOYAmt | 0 | 0 |
| IRS990/TotalLiabilitiesGrp/EOYAmt | 0 | 0 |
| IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt | 0 | 34113275 |
| IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt | 0 | 38021832 |
| IRS990/TotalOtherCompensationAmt | 0 | 0 |
| IRS990/TotalProgramServiceRevenueAmt | 0 | 0 |
| IRS990/TotalReportableCompFromOrgAmt | 0 | 0 |
| IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 3992457 |
| IRS990/TotalRevenueGrp/TotalRevenueColumnAmt | 0 | 3992457 |
| IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt | 0 | 34113275 |
| IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt | 0 | 38021832 |
| IRS990/TotReportableCompRltdOrgAmt | 0 | 0 |
| IRS990/TravelGrp/TotalAmt | 0 | 0 |
| IRS990/TypeOfOrganizationTrustInd | 0 | X |
| IRS990/UnrelatedBusIncmOverLimitInd | 0 | false |
| IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt | 0 | 0 |
| IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt | 0 | 0 |
| IRS990/UponRequestInd | 0 | X |
| IRS990/USAddress/AddressLine1Txt | 0 | PO BOX 3171 |
| IRS990/USAddress/CityNm | 0 | MILWAUKEE |
| IRS990/USAddress/StateAbbreviationCd | 0 | WI |
| IRS990/USAddress/ZIPCd | 0 | 532013171 |
| IRS990/VotingMembersGoverningBodyCnt | 0 | 1 |
| IRS990/VotingMembersIndependentCnt | 0 | 1 |
| IRS990/WebsiteAddressTxt | 0 | N/A |
| IRS990/WhistleblowerPolicyInd | 0 | false |
| ReturnHeader/BuildTS | 0 | 2024-10-15 13:58:12Z |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | TODD SMASAL |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | VP TOTAL REWARDS |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 4142711444 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2024-11-04 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | THE NML BENEFIT PLANS TRUST |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | NMLB |
| ReturnHeader/Filer/EIN | 0 | 208855795 |
| ReturnHeader/Filer/InCareOfNm | 0 | % DYLAN ROSKOPF |
| ReturnHeader/Filer/PhoneNum | 0 | 4142711444 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | PO BOX 3171 |
| ReturnHeader/Filer/USAddress/CityNm | 0 | MILWAUKEE |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | WI |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 532013171 |
| ReturnHeader/IRSResponsiblePrtyInfoCurrInd | 0 | true |
| ReturnHeader/ReturnTs | 0 | 2024-11-04T09:47:07-06:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990 |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2023-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2023-12-31 |
| ReturnHeader/TaxYr | 0 | 2023 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2023 • Form 990Detailed filing. Detailed filing data is available for this year.
- Assets
- $38,021,832
- Liabilities
- $0
- Net assets
- $38,021,832
- Revenue
- $3,992,457
- Expenses
- $83,900
- Net income
- $3,908,557