Civic Intelligence

The Ford Foundation Veba Trust

990 • Fiscal year 2019 • EIN 27-0904683

Jan 01, 2019 to Dec 31, 2019 • Filed on Nov 12, 2020

Organization ProfileN/A
320 East 43rd StreetNew York, NY 10017

(212) 573-4780

Siviq Scores

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

Liabilities / Assets

39th percentile

0.01x

Higher debt load relative to assets than 39% of similar nonprofits.

2019 filings • 501(c)9 • $25M-$50M nonprofits • Source year 2019

Liabilities / Revenue

82nd percentile

0.26x

Higher debt load relative to revenue than 82% of similar nonprofits.

2019 filings • 501(c)9 • $25M-$50M nonprofits • Source year 2019

Net Margin

2nd percentile

-193%

Higher net margin than 2% of similar nonprofits.

2019 filings • 501(c)9 • $25M-$50M nonprofits • Source year 2019

Top Officer Pay

56th percentile

$51,415

Higher top officer pay than 56% of similar nonprofits.

Top officer pay equals 3.1% of source-year revenue.

2019 filings • 501(c)9 • $25M-$50M nonprofits • Source year 2019

Asset Growth

41st percentile

7.1%

Faster asset growth than 41% of similar nonprofits.

2019 filings • 501(c)9 • $25M-$50M nonprofits • Annualized from 2018 to 2019

Revenue Growth

93rd percentile

34%

Faster revenue growth than 93% of similar nonprofits.

2019 filings • 501(c)9 • $25M-$50M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets39th percentile

Assets

Up

$44,047,647

Up $2,901,857 (+7.1%) from 2018

Net Assets

Up

$43,603,268

Up $2,909,329 (+7.1%) from 2018

Liabilities

Down

$444,379

Down $7,472 (-1.7%) from 2018

Revenue And Expenses
Liabilities / Revenue82nd percentileNet Margin2nd percentile

Revenue

Up

$1,679,089

Up $423,423 (+34%) from 2018

Expenses

Up

$4,913,067

Up $222,619 (+4.7%) from 2018

Net Income

Up

-$3,233,978

Up $200,804 (+5.8%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth41st percentile

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

$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

2019

Assets$44,047,647
Liabilities$444,379
Net Assets$43,603,268
Open 2019 Filing

Operations Trend

Revenue Growth93rd percentile

Revenue, expenses, and net income across loaded years, with this 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

2019

Revenue$1,679,089
Expenses$4,913,067
Net Income-$3,233,978
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Nov 12, 2020
Return Version
2019v5.1
Gross Receipts
$6,087,111
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 and life benefits covering all eligible retirees of the ford foundation (and their dependents).

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$41,145,790$44,047,647▲ $2,901,857
Cap Stk Tr Prin Current Funds$40,693,939$43,603,268▲ $2,909,329
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
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$41,145,790$44,047,647▲ $2,901,857
Other Assets Total$0$0→ $0
Liabilities
Other Liabilities$417,390$418,548▲ $1,158
Accounts Payable and Accrued Expenses$34,461$25,831▼ $8,630
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$451,851$444,379▼ $7,472
Net Assets / Fund Balance
Total Net Assets Fund Balance$40,693,939$43,603,268▲ $2,909,329
Total Liabilities and Net Assets / Fund Balance$41,145,790$44,047,647▲ $2,901,857
Compensation and Service Providers
Top Officer Pay56th percentile

Employees

NameTitleBaseTotal
Vanguard Fiduciary TruTrustee$51,415$51,415
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$1,679,089
Other Revenue
$0
Change in Net Assets
$-3,233,978

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,679,089
Revenue Not Reported on Form 990
$6,144,465
Total Revenue per Audited Statements
$7,823,554
Total Revenue per Form 990
$1,679,089
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$51,415
Other Expenses$50,360
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Benefits to Members---$4,811,292
Current Officers, Directors, Trustees, and Key Employees---$51,415
Fees for Services Accounting---$31,000
Fees for Services Other---$19,360
Total Functional Expenses$0$0$0$4,913,067

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$4,913,067
Total Expenses per Audited Statements$4,913,067
Total Expenses per Form 990$4,913,067
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Premiums Due to Insurers$418,548
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 11

“Form 990 Review The Trusts'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, Lines 12-14

“Policies The Ford Foundation VEBA Trust operates under the conflict of interests, whistleblower and documentation retention policy 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, conflicts of interest policy & financial statements. The trust agreement is available upon request.”

Filing and Contact Details

Filer

Filer Name
The Ford Foundation VEBA Trust
EIN
27-0904683
In Care Of
% DEPELSHA MCGRUDER
Phone
2125734780
Address
320 East 43rd Street, New York, NY 10017

Signing Officer

Name
Depelsha Mcgruder
Title
VP, COO, & Treasurer
Phone
2125735000
Signed
2020-11-12
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
757 THIRD AVENUE 9TH FLOOR, NEW YORK, NY 10017
Preparer
Daniel V Romano
Phone
2125429609
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

“Other Change in Net Assets Change in premiums due: ($1,158)”

Financial Statement Notes

Schedule D, Part X, Line 2

“Uncertain Tax Positions Under FIN 48 (ASC 740) The VEBA Trust, established under the Plan to hold the Plans assets, is intended to qualify pursuant to Section 501(c)(9) of the Internal Revenue Code, and, accordingly, the Trusts 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, 2019 and 2018, 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 Appendix374 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/BOYAmt034461
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt025831
IRS990/AccountsReceivableGrp/BOYAmt00
IRS990/AccountsReceivableGrp/EOYAmt00
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0TO PROVIDE MEDICAL, DENTAL AND LIFE BENEFITS COVERING ALL ELIGIBLE RETIREES OF THE FORD FOUNDATION (AND THEIR DEPENDENTS).
IRS990/AdvertisingGrp/TotalAmt00
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/AuditCommitteeInd0true
IRS990/BenefitsToMembersGrp/TotalAmt04811292
IRS990/BooksInCareOfDetail/PersonNm0DEPELSHA 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/BusinessRlnWith35CtrlEntInd0false
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CapStkTrPrinCurrentFundsGrp/BOYAmt040693939
IRS990/CapStkTrPrinCurrentFundsGrp/EOYAmt043603268
IRS990/CashNonInterestBearingGrp/BOYAmt00
IRS990/CashNonInterestBearingGrp/EOYAmt00
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt051415
IRS990/CompDisqualPersonsGrp/TotalAmt00
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0false
IRS990/CompensationProcessOtherInd0false
IRS990/ConferencesMeetingsGrp/TotalAmt00
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CostOfGoodsSoldAmt00
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt04811292
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt01679089
IRS990/CYOtherExpensesAmt050360
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt0-3233978
IRS990/CYSalariesCompEmpBnftPaidAmt051415
IRS990/CYTotalExpensesAmt04913067
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt01679089
IRS990/DecisionsSubjectToApprovaInd0true
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DeferredRevenueGrp/BOYAmt00
IRS990/DeferredRevenueGrp/EOYAmt00
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/TotalAmt00
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/DescribedInSection501c3Ind0false
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0true
IRS990/DonorAdvisedFundInd0false
IRS990/DonorRstrOrQuasiEndowmentsInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt00
IRS990/EscrowAccountLiabilityGrp/BOYAmt00
IRS990/EscrowAccountLiabilityGrp/EOYAmt00
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/TotalAmt031000
IRS990/FeesForServicesLegalGrp/TotalAmt00
IRS990/FeesForServicesLobbyingGrp/TotalAmt00
IRS990/FeesForServicesManagementGrp/TotalAmt00
IRS990/FeesForServicesOtherGrp/TotalAmt019360
IRS990/FeesForServicesProfFundraising/TotalAmt00
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt00
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignGrantsGrp/TotalAmt00
IRS990/ForeignOfficeInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt00.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.0
IRS990/Form990PartVIISectionAGrp/InstitutionalTrusteeInd0X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/PersonNm0VANGUARD FIDUCIARY TRU
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt051415
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/TitleTxt0TRUSTEE
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr02009
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/FundraisingDirectExpensesAmt00
IRS990/FundraisingGrossIncomeAmt00
IRS990/GainOrLossGrp/SecuritiesAmt0513674
IRS990/GamingActivitiesInd0false
IRS990/GamingDirectExpensesAmt00
IRS990/GamingGrossIncomeAmt00
IRS990/GoverningBodyVotingMembersCnt01
IRS990/GrantsPayableGrp/BOYAmt00
IRS990/GrantsPayableGrp/EOYAmt00
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt00
IRS990/GrantsToDomesticOrgsGrp/TotalAmt00
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt04921696
IRS990/GrossReceiptsAmt06087111
IRS990/GrossSalesOfInventoryAmt00
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0true
IRS990/IncmFromInvestBondProceedsGrp/TotalRevenueColumnAmt00
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt00
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InformationTechnologyGrp/TotalAmt00
IRS990/InsuranceGrp/TotalAmt00
IRS990/IntangibleAssetsGrp/BOYAmt00
IRS990/IntangibleAssetsGrp/EOYAmt00
IRS990/InterestGrp/TotalAmt00
IRS990/InventoriesForSaleOrUseGrp/BOYAmt00
IRS990/InventoriesForSaleOrUseGrp/EOYAmt00
IRS990/InvestmentIncomeGrp/ExclusionAmt01165415
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt01165415
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt00
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt00
IRS990/InvestmentsProgramRelatedGrp/BOYAmt00
IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt041145790
IRS990/InvestmentsPubTradedSecGrp/EOYAmt044047647
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipBasisNetGrp/BOYAmt00
IRS990/LandBldgEquipBasisNetGrp/EOYAmt00
IRS990/LegalDomicileStateCd0NY
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt04408022
IRS990/LoanOutstandingInd0false
IRS990/LoansFromOfficersDirectorsGrp/BOYAmt00
IRS990/LoansFromOfficersDirectorsGrp/EOYAmt00
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
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/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt00
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt00
IRS990/NetAssetsOrFundBalancesBOYAmt040693939
IRS990/NetAssetsOrFundBalancesEOYAmt043603268
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0513674
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0513674
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt06144465
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/TotalAmt00
IRS990/OfficeExpensesGrp/TotalAmt00
IRS990/OfficerMailingAddressInd0true
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt00
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherChangesInNetAssetsAmt0-1158
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherLiabilitiesGrp/BOYAmt0417390
IRS990/OtherLiabilitiesGrp/EOYAmt0418548
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/PrincipalOfficerNm0DEPELSHA MCGRUDER
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYBenefitsPaidToMembersAmt04574666
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt01255666
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt054403
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0-3434782
IRS990/PYSalariesCompEmpBnftPaidAmt061379
IRS990/PYTotalExpensesAmt04690448
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01255666
IRS990/RcvblFromDisqualifiedPrsnGrp/BOYAmt00
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-3233978
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/ExpensesSubtotalAmt04913067
IRS990ScheduleD/FederalIncomeTaxLiabilityAmt00
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/NetUnrealizedGainsInvstAmt06144465
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0418548
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0PREMIUMS DUE TO INSURERS
IRS990ScheduleD/RevenueNotReportedAmt06144465
IRS990ScheduleD/RevenueSubtotalAmt01679089
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0Uncertain Tax Positions Under FIN 48 (ASC 740) The VEBA Trust, established under the Plan to hold the Plans assets, is intended to qualify pursuant to Section 501(c)(9) of the Internal Revenue Code, and, accordingly, the Trusts 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, 2019 and 2018, 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/FormAndLineReferenceDesc0Schedule D, Part X, Line 2
IRS990ScheduleD/TotalExpensesPerForm990Amt04913067
IRS990ScheduleD/TotalLiabilityAmt0418548
IRS990ScheduleD/TotalRevenuePerForm990Amt01679089
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt07823554
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt04913067
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Contemporaneous 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/ExplanationTxt2Form 990 Review The Trusts'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/ExplanationTxt3Policies The Ford Foundation VEBA Trust operates under the conflict of interests, whistleblower and documentation retention policy of its Sponsor, the Ford Foundation.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4How documents are made available to the public The Ford Foundation VEBA trust is not required to make available for public inspection its governing documents, conflicts of interest policy & financial statements. The trust agreement is available upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Other Change in Net Assets Change in premiums due: ($1,158)
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, Line 7b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990 Part VI, Section A, Line 8b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, Line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, section B, Lines 12-14
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section C, line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part XI, Line 9
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt0NA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0THE FORD FOUNDATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0131684331
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0MI
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0Grantmaking
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0PF
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0320 EAST 43RD STREET
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0NEW YORK
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0NY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd010017
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0false
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0true
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0false
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0true
IRS990ScheduleR/TransferFromOtherOrgInd0false
IRS990ScheduleR/TransferToOtherOrgInd0false
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondLiabilitiesGrp/BOYAmt00
IRS990/TaxExemptBondLiabilitiesGrp/EOYAmt00
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt041145790
IRS990/TotalAssetsEOYAmt044047647
IRS990/TotalAssetsGrp/BOYAmt041145790
IRS990/TotalAssetsGrp/EOYAmt044047647
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt04913067
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0451851
IRS990/TotalLiabilitiesEOYAmt0444379
IRS990/TotalLiabilitiesGrp/BOYAmt0451851
IRS990/TotalLiabilitiesGrp/EOYAmt0444379
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt040693939
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt043603268
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceRevenueAmt00
IRS990/TotalReportableCompFromOrgAmt051415
IRS990/TotalRevenueGrp/ExclusionAmt01679089
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01679089
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt041145790
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt044047647
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/TotalAmt00
IRS990/TypeOfOrganizationTrustInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt00
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0320 East 43rd Street
IRS990/USAddress/CityNm0New York
IRS990/USAddress/StateAbbreviationCd0NY
IRS990/USAddress/ZIPCd010017
IRS990/VotingMembersGoverningBodyCnt01
IRS990/VotingMembersIndependentCnt00
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02022-01-07 14:23:13Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0DEPELSHA MCGRUDER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0VP, COO, & TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum02125735000
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-11-12
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0The Ford Foundation VEBA Trust
ReturnHeader/Filer/BusinessNameControlTxt0FORD
ReturnHeader/Filer/EIN0270904683
ReturnHeader/Filer/InCareOfNm0% DEPELSHA MCGRUDER
ReturnHeader/Filer/PhoneNum02125734780
ReturnHeader/Filer/USAddress/AddressLine1Txt0320 East 43rd Street
ReturnHeader/Filer/USAddress/CityNm0New York
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd010017
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0F8E25777DF00157D73DA55E6CE52E42E1968B2B6
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0B17B07E8BD9779EF7AC29C42130FBBC417D299C3
ReturnHeader/FilingSecurityInformation/FederalOriginalSubmissionId039529020203175000007
ReturnHeader/FilingSecurityInformation/FederalOriginalSubmissionIdDt02020-11-12
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0179.6.32.150
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Grant Thornton LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0757 THIRD AVENUE 9TH FLOOR
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0NEW YORK
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd010017
ReturnHeader/PreparerPersonGrp/PhoneNum02125429609
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Daniel V Romano
ReturnHeader/ReturnTs02020-11-12T14:06:35-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-01-01
ReturnHeader/TaxPeriodEndDt02019-12-31
ReturnHeader/TaxYr02019

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$44,047,647
Liabilities
$444,379
Net assets
$43,603,268
Revenue
$1,679,089
Expenses
$4,913,067
Net income
-$3,233,978
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
2019Detailed filing. Detailed filing data is available for this year.$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