Civic Intelligence

The Ford Foundation Veba Trust

EIN 27-0904683 • 501(c)9 • New York, NY

Profile

The ford foundation veba trust is a voluntary employees' beneficiary association whose primary purpose is to provide medical, dental and life benefits for eligible retirees (and their dependents) of the ford foundation.

320 East 43rd StreetNew York, NY 10017

n/A

Siviq Scores

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

Liabilities / Assets

18th percentile

0.00x

Higher debt load relative to assets than 18% of similar nonprofits.

501(c)9 • $25M-$50M nonprofits • Source year 2024

Liabilities / Revenue

22nd percentile

0.00x

Higher debt load relative to revenue than 22% of similar nonprofits.

501(c)9 • $25M-$50M nonprofits • Source year 2024

Net Margin

58th percentile

7.9%

Higher net margin than 58% of similar nonprofits.

501(c)9 • $25M-$50M nonprofits • Source year 2024

Top Officer Pay

53rd percentile

$106,574

Higher top officer pay than 53% of similar nonprofits.

Top officer pay equals 5.6% of source-year revenue.

$25M-$50M nonprofits • Source year 2022

Asset Growth

42nd percentile

5.0%

Faster asset growth than 42% of similar nonprofits.

501(c)9 • $25M-$50M nonprofits • Annualized from 2022 to 2024

Revenue Growth

97th percentile

108%

Faster revenue growth than 97% of similar nonprofits.

501(c)9 • $25M-$50M nonprofits • Annualized from 2022 to 2024

Balance Sheet
Liabilities / Assets18th percentile

Assets

Up

$37,151,575

Up $3,531,108 (+11%) from 2023

Liabilities

Down

$5,997

Down $507,470 (-99%) from 2023

Net Assets

Up

$37,145,578

Up $4,038,578 (+12%) from 2023

Operations
Liabilities / Revenue22nd percentileNet Margin58th percentile

Revenue

Up

$8,281,560

Up $6,225,021 (+303%) from 2023

Expenses

Up

$7,625,262

Up $2,233,731 (+41%) from 2023

Net Income

Up

$656,298

Up $3,991,290 (+120%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth42nd percentile

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

$60M$40M$20M$0Assets 2018: $41,145,790Liabilities 2018: $451,851Net Assets 2018: $40,693,9392018Assets 2019: $44,047,647Liabilities 2019: $444,379Net Assets 2019: $43,603,2682019Assets 2020: $45,017,991Liabilities 2020: $843,431Net Assets 2020: $44,174,5602020Assets 2021: $45,410,419Liabilities 2021: $458,492Net Assets 2021: $44,951,9272021Assets 2022: $33,718,766Liabilities 2022: $473,709Net Assets 2022: $33,245,0572022Assets 2023: $33,620,467Liabilities 2023: $513,467Net Assets 2023: $33,107,0002023Assets 2024: $37,151,575Liabilities 2024: $5,997Net Assets 2024: $37,145,5782024

Highlighted filing

2024

Assets$37,151,575
Liabilities$5,997
Net Assets$37,145,578
Open 2024 Filing

Operations Trend

Revenue Growth97th percentile

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

$10M$5.0M$0-$5.0MRevenue 2018: $1,255,666Expenses 2018: $4,690,448Net Income 2018: -$3,434,7822018Revenue 2019: $1,679,089Expenses 2019: $4,913,067Net Income 2019: -$3,233,9782019Revenue 2020: $70,007Expenses 2020: $4,601,212Net Income 2020: -$4,531,2052020Revenue 2021: $1,402,941Expenses 2021: $5,219,613Net Income 2021: -$3,816,6722021Revenue 2022: $1,911,781Expenses 2022: $4,437,823Net Income 2022: -$2,526,0422022Revenue 2023: $2,056,539Expenses 2023: $5,391,531Net Income 2023: -$3,334,9922023Revenue 2024: $8,281,560Expenses 2024: $7,625,262Net Income 2024: $656,2982024

Highlighted filing

2024

Revenue$8,281,560
Expenses$7,625,262
Net Income$656,298
Open 2024 Filing

Filings

Most recent year

2024 • Form 990XML pending. An XML filing is linked for this year, but detailed extraction is still pending.

Open filing
Assets
$37,151,575
Liabilities
$5,997
Net assets
$37,145,578
Revenue
$8,281,560
Expenses
$7,625,262
Net income
$656,298
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$37.2$0.01$37.1$8.28$7.63$0.66
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$33.6$0.51$33.1$2.06$5.39$3.33
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$33.7$0.47$33.2$1.91$4.44$2.53
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$45.4$0.46$45.0$1.40$5.22$3.82
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$45.0$0.84$44.2$0.07$4.60$4.53
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$44.0$0.44$43.6$1.68$4.91$3.23
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$41.1$0.45$40.7$1.26$4.69$3.43
Latest Detailed Filing

The latest 2024 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2022 below.

Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Aug 16, 2023
Return Version
2022v5.0
Gross Receipts
$5,255,505
Mission and Program Overview

Mission

The ford foundation veba trust is a voluntary employees' beneficiary association whose primary purpose is to provide medical, dental and life benefits for eligible retirees (and their dependents) of the ford foundation.

To provide medical/dental/life benefits covering all eligible retirees of ford fdn (& dependents).

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$45,410,419$33,718,766▼ $11,691,653
Cap Stk Tr Prin Current Funds$44,951,927$33,245,057▼ $11,706,870
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Rtn Earn Endowment Incm Other Fnds$0$0→ $0
Total Assets$45,410,419$33,718,766▼ $11,691,653
Liabilities
Other Liabilities$424,501$443,270▲ $18,769
Accounts Payable and Accrued Expenses$33,991$30,439▼ $3,552
Total Liabilities$458,492$473,709▲ $15,217
Net Assets / Fund Balance
Total Net Assets Fund Balance$44,951,927$33,245,057▼ $11,706,870
Total Liabilities and Net Assets / Fund Balance$45,410,419$33,718,766▼ $11,691,653
Compensation and Service Providers
Top Officer Pay53rd percentile

Employees

NameTitleBaseTotal
-Trustee$106,574$106,574
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$1,911,781
Other Revenue
$0
Change in Net Assets
$-2,526,042

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,911,781
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$-9,162,059
Total Revenue per Audited Statements
$-7,250,278
Total Revenue per Form 990
$1,911,781
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$82,883
Other Expenses$52,594
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Benefits to Members---$4,302,346
Current Officers, Directors, Trustees, and Key Employees---$82,883
Fees for Services Accounting---$31,930
Fees for Services Other---$20,664
Total Functional Expenses$0$0$0$4,437,823

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$4,437,823
Total Expenses per Audited Statements$4,437,823
Total Expenses per Form 990$4,437,823
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Premiums Due to Insurers$443,270
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 7B

“Governance decisions reserved to other than the governing body the ford foundation has established a benefit plan committee that has oversight and governing authority over all compliance and decision-making matters related to the ford foundation veba trust. Form 990, part vi, section a, line 8b: contemporaneous documentation by a committee to the extent that the benefit plan committee convenes meetings, board minutes are maintained for those meetings. Form 990, part vi, section a, line 9: trustee not at organization's mailing address vanguard fiduciary trust co. 400 devon park drive, ms 247 wayne, pa 19087”

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

“Form 990 review the trust's form 990 is prepared by the financial department of the ford foundation, in conjunction with its external third party tax consultants. Upon completion, the form 990 is reviewed by the institutional trustee, as well as by the trust sponsor's h.r. Benefit manager, investment officer and controller.”

Form 990, Part VI, Section B, Line 12C

“Policies the ford foundation veba trust operates under the conflict of interest, whistleblower and documentation retention policies of its sponsor, the ford foundation.”

Form 990, Part VI, Section C, Line 19

“How documents are made available to the public the ford foundation veba trust is not required to make available for public inspection its governing documents, conflict of interest policy, and financial statements. The trust agreement is available upon request.”

Filing and Contact Details

Filer

Filer Name
The Ford Foundation Veba Trust
EIN
27-0904683
Phone
2125734780
Address
320 EAST 43RD STREET, NEW YORK, NY 10017

Signing Officer

Name
Depelsha Mcgruder
Title
VP, COO, & Treasurer
Phone
2125734780
Signed
2023-08-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Depelsha Mcgruder
Formed
2009
Legal Domicile
Ny
Voting Board Members
1
Independent Board Members
0
Employees
0
Volunteers
0

Preparer

Firm
Grant Thornton Llp
Address
445 BROADHOLLOW RD STE 300, MELVILLE, NY 11747
Preparer
Scott Thompsett
Phone
6312496001
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

“Change in premiums due -18,769.”

Financial Statement Notes

PART X, LINE 2:

“Uncertain tax positions under fin 48 (asc 740) the veba trust, established under the plan to hold the plan's assets, is intended to qualify pursuant to section 501(c)(9) of the code, and, accordingly, the trust's net investment income is exempt from income taxes. The trust has obtained a favorable tax determination letter from the internal revenue service ("irs") dated january 25, 2011. U.s. Gaap requires plan management to evaluate tax positions taken by the plan and recognize a tax liability (or asset) if the plan has taken an uncertain position that more likely than not would not be sustained upon examination by the irs. The plan administrator has analyzed the tax positions by the plan, and has concluded that as of december 31, 2022 and 2021, there are no uncertain positions taken or expected to be taken that would require recognition of a liability (or asset) or disclosure in the financial statements. The plan is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress.”

Raw XML Appendix293 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/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt033991
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt030439
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0TO PROVIDE MEDICAL/DENTAL/LIFE BENEFITS COVERING ALL ELIGIBLE RETIREES OF FORD FDN (& DEPENDENTS).
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BenefitsToMembersGrp/TotalAmt04302346
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0DEPELSHA MCGRUDER
IRS990/BooksInCareOfDetail/PhoneNum02125735000
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0320 EAST 43RD STREET
IRS990/BooksInCareOfDetail/USAddress/CityNm0NEW YORK
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NY
IRS990/BooksInCareOfDetail/USAddress/ZIPCd010017
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CapStkTrPrinCurrentFundsGrp/BOYAmt044951927
IRS990/CapStkTrPrinCurrentFundsGrp/EOYAmt033245057
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt082883
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt04302346
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt01911781
IRS990/CYOtherExpensesAmt052594
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt0-2526042
IRS990/CYSalariesCompEmpBnftPaidAmt082883
IRS990/CYTotalExpensesAmt04437823
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt01911781
IRS990/DecisionsSubjectToApprovaInd01
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/Desc0THE FORD FOUNDATION RETIREE WELFARE PLAN IS FUNDED BY THE FORD FOUNDATION THROUGH THE FORD FOUNDATION VEBA TRUST. THE PLAN PROVIDES MEDICAL AND DENTAL INSURANCE TO RETIREES OF THE FOUNDATION AND THEIR ELIGIBLE DEPENDENTS. THE PLAN ALSO PROVIDES LIFE INSURANCE FOR RETIREES AND PAYS THOSE BENEFITS TO BENEFICIARIES NAMED BY THE RETIREE.
IRS990/DescribedInSection501c3Ind00
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd01
IRS990/DonorAdvisedFundInd00
IRS990/DonorRstrOrQuasiEndowmentsInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt00
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/TotalAmt031930
IRS990/FeesForServicesOtherGrp/TotalAmt020664
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.00
IRS990/Form990PartVIISectionAGrp/BusinessName/BusinessNameLine1Txt0VANGUARD FIDUCIARY TRUST CO
IRS990/Form990PartVIISectionAGrp/InstitutionalTrusteeInd0X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt0106574
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/TitleTxt0TRUSTEE
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02009
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/SecuritiesAmt01097651
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt01
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt04441375
IRS990/GrossReceiptsAmt05255505
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt00
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InvestmentIncomeGrp/ExclusionAmt0814130
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0814130
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt045410419
IRS990/InvestmentsPubTradedSecGrp/EOYAmt033718766
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0NY
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt03343724
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE FORD FOUNDATION VEBA TRUST IS A VOLUNTARY EMPLOYEES' BENEFICIARY ASSOCIATION WHOSE PRIMARY PURPOSE IS TO PROVIDE MEDICAL, DENTAL AND LIFE BENEFITS FOR ELIGIBLE RETIREES (AND THEIR DEPENDENTS) OF THE FORD FOUNDATION.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt044951927
IRS990/NetAssetsOrFundBalancesEOYAmt033245057
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt01097651
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt01097651
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0-9162059
IRS990/NondeductibleContributionsInd00
IRS990/OfficerMailingAddressInd01
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt0-18769
IRS990/OtherLiabilitiesGrp/BOYAmt0424501
IRS990/OtherLiabilitiesGrp/EOYAmt0443270
IRS990/PartialLiquidationInd00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0DEPELSHA MCGRUDER
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt05102138
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt01402941
IRS990/PYOtherExpensesAmt035754
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0-3816672
IRS990/PYSalariesCompEmpBnftPaidAmt081721
IRS990/PYTotalExpensesAmt05219613
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01402941
IRS990/ReconcilationRevenueExpnssAmt0-2526042
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt00
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt04437823
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0-9162059
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0443270
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0PREMIUMS DUE TO INSURERS
IRS990ScheduleD/RevenueNotReportedAmt0-9162059
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01911781
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0UNCERTAIN TAX POSITIONS UNDER FIN 48 (ASC 740) THE VEBA TRUST, ESTABLISHED UNDER THE PLAN TO HOLD THE PLAN'S ASSETS, IS INTENDED TO QUALIFY PURSUANT TO SECTION 501(C)(9) OF THE CODE, AND, ACCORDINGLY, THE TRUST'S NET INVESTMENT INCOME IS EXEMPT FROM INCOME TAXES. THE TRUST HAS OBTAINED A FAVORABLE TAX DETERMINATION LETTER FROM THE INTERNAL REVENUE SERVICE ("IRS") DATED JANUARY 25, 2011. U.S. GAAP REQUIRES PLAN MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE PLAN AND RECOGNIZE A TAX LIABILITY (OR ASSET) IF THE PLAN HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE IRS. THE PLAN ADMINISTRATOR HAS ANALYZED THE TAX POSITIONS BY THE PLAN, AND HAS CONCLUDED THAT AS OF DECEMBER 31, 2022 AND 2021, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE PLAN IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt04437823
IRS990ScheduleD/TotalLiabilityAmt0443270
IRS990ScheduleD/TotalRevenuePerForm990Amt01911781
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0-7250278
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt04437823
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0GOVERNANCE DECISIONS RESERVED TO OTHER THAN THE GOVERNING BODY THE FORD FOUNDATION HAS ESTABLISHED A BENEFIT PLAN COMMITTEE THAT HAS OVERSIGHT AND GOVERNING AUTHORITY OVER ALL COMPLIANCE AND DECISION-MAKING MATTERS RELATED TO THE FORD FOUNDATION VEBA TRUST. FORM 990, PART VI, SECTION A, LINE 8B: CONTEMPORANEOUS DOCUMENTATION BY A COMMITTEE TO THE EXTENT THAT THE BENEFIT PLAN COMMITTEE CONVENES MEETINGS, BOARD MINUTES ARE MAINTAINED FOR THOSE MEETINGS. FORM 990, PART VI, SECTION A, LINE 9: TRUSTEE NOT AT ORGANIZATION'S MAILING ADDRESS VANGUARD FIDUCIARY TRUST CO. 400 DEVON PARK DRIVE, MS 247 WAYNE, PA 19087
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1FORM 990 REVIEW THE TRUST'S FORM 990 IS PREPARED BY THE FINANCIAL DEPARTMENT OF THE FORD FOUNDATION, IN CONJUNCTION WITH ITS EXTERNAL THIRD PARTY TAX CONSULTANTS. UPON COMPLETION, THE FORM 990 IS REVIEWED BY THE INSTITUTIONAL TRUSTEE, AS WELL AS BY THE TRUST SPONSOR'S H.R. BENEFIT MANAGER, INVESTMENT OFFICER AND CONTROLLER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2POLICIES THE FORD FOUNDATION VEBA TRUST OPERATES UNDER THE CONFLICT OF INTEREST, WHISTLEBLOWER AND DOCUMENTATION RETENTION POLICIES OF ITS SPONSOR, THE FORD FOUNDATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3HOW DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC THE FORD FOUNDATION VEBA TRUST IS NOT REQUIRED TO MAKE AVAILABLE FOR PUBLIC INSPECTION ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS. THE TRUST AGREEMENT IS AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4CHANGE IN PREMIUMS DUE -18,769.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XI, LINE 9:
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0THE FORD FOUNDATION
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ReturnHeader/TaxYr02022

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