Civic Intelligence

Deere & Company Welfare Benefit Trust #1

EIN 30-6073592 • 501(c)9 • Pittsburgh, PA

Profile

To provide benefits to eligible members.

C/O The Bnym PO Box 535007Pittsburgh, PA 15253-5007

n/A

Siviq Scores

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

Liabilities / Assets

11th percentile

0.01x

Higher debt load relative to assets than 11% of similar nonprofits.

$1B+ nonprofits • Source year 2024

Liabilities / Revenue

47th percentile

0.62x

Higher debt load relative to revenue than 47% of similar nonprofits.

$1B+ nonprofits • Source year 2024

Net Margin

1st percentile

-223%

Higher net margin than 1% of similar nonprofits.

$1B+ nonprofits • Source year 2024

Top Officer Pay

7th percentile

$167,506

Higher top officer pay than 7% of similar nonprofits.

Top officer pay equals 0.5% of source-year revenue.

$1B+ nonprofits • Source year 2024

Asset Growth

9th percentile

-3.6%

Faster asset growth than 9% of similar nonprofits.

$1B+ nonprofits • Annualized from 2023 to 2024

Revenue Growth

5th percentile

-23%

Faster revenue growth than 5% of similar nonprofits.

$1B+ nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets11th percentile

Assets

Down

$2,214,122,967

Down $82,606,458 (-3.6%) from 2023

Liabilities

Down

$22,082,803

Down $2,788,959 (-11%) from 2023

Net Assets

Down

$2,192,040,164

Down $79,817,499 (-3.5%) from 2023

Operations
Liabilities / Revenue47th percentileNet Margin1st percentile

Revenue

Down

$35,758,098

Down $10,900,123 (-23%) from 2023

Expenses

Up

$115,575,597

Up $12,631,957 (+12%) from 2023

Net Income

Down

-$79,817,499

Down $23,532,080 (-42%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth9th percentile

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

$3.0B$2.0B$1.0B$0Assets 2011: $907,858,560Liabilities 2011: $1,662,257Net Assets 2011: $906,196,3032011Assets 2012: $759,399,336Liabilities 2012: $1,103,033Net Assets 2012: $758,296,3032012Assets 2013: $628,830,339Liabilities 2013: $1,395,602Net Assets 2013: $627,434,7372013Assets 2015: $366,176,203Liabilities 2015: $121,465Net Assets 2015: $366,054,7382015Assets 2016: $231,220,763Liabilities 2016: $77,699Net Assets 2016: $231,143,0642016Assets 2017: $441,694,757Liabilities 2017: $86,597Net Assets 2017: $441,608,1602017Assets 2018: $589,867,020Liabilities 2018: $59,385Net Assets 2018: $589,807,6352018Assets 2019: $740,980,491Liabilities 2019: $3,087,091Net Assets 2019: $737,893,4002019Assets 2020: $1,311,115,698Liabilities 2020: $382,169Net Assets 2020: $1,310,733,5292020Assets 2021: $1,274,572,054Liabilities 2021: $3,221,343Net Assets 2021: $1,271,350,7112021Assets 2022: $2,353,833,712Liabilities 2022: $25,690,630Net Assets 2022: $2,328,143,0822022Assets 2023: $2,296,729,425Liabilities 2023: $24,871,762Net Assets 2023: $2,271,857,6632023Assets 2024: $2,214,122,967Liabilities 2024: $22,082,803Net Assets 2024: $2,192,040,1642024

Highlighted filing

2024

Assets$2,214,122,967
Liabilities$22,082,803
Net Assets$2,192,040,164
Open 2024 Filing

Operations Trend

Revenue Growth5th percentile

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

$1.5B$1.0B$500M$0-$500MExpenses 2011: $209,445,3842011Expenses 2012: $201,525,6562012Expenses 2013: $205,485,7702013Revenue 2015: $67,384,251Expenses 2015: $207,136,293Net Income 2015: -$139,752,0422015Revenue 2016: $54,892,327Expenses 2016: $189,804,001Net Income 2016: -$134,911,6742016Revenue 2017: $370,589,314Expenses 2017: $160,124,218Net Income 2017: $210,465,0962017Revenue 2018: $319,601,011Expenses 2018: $171,401,536Net Income 2018: $148,199,4752018Revenue 2019: $316,492,702Expenses 2019: $168,406,937Net Income 2019: $148,085,7652019Revenue 2020: $725,307,769Expenses 2020: $152,467,640Net Income 2020: $572,840,1292020Revenue 2021: $91,818,231Expenses 2021: $131,201,049Net Income 2021: -$39,382,8182021Revenue 2022: $1,183,141,603Expenses 2022: $126,349,232Net Income 2022: $1,056,792,3712022Revenue 2023: $46,658,221Expenses 2023: $102,943,640Net Income 2023: -$56,285,4192023Revenue 2024: $35,758,098Expenses 2024: $115,575,597Net Income 2024: -$79,817,4992024

Highlighted filing

2024

Revenue$35,758,098
Expenses$115,575,597
Net Income-$79,817,499
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
$2,214,122,967
Liabilities
$22,082,803
Net assets
$2,192,040,164
Revenue
$35,758,098
Expenses
$115,575,597
Net income
-$79,817,499
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$2,214$22.1$2,192$35.8$116$79.8
2023Detailed filing. Detailed filing data is available for this year.$2,297$24.9$2,272$46.7$103$56.3
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$2,354$25.7$2,328$1,183$126$1,057
2021Detailed filing. Detailed filing data is available for this year.$1,275$3.22$1,271$91.8$131$39.4
2020Detailed filing. Detailed filing data is available for this year.$1,311$0.38$1,311$725$152$573
2019Detailed filing. Detailed filing data is available for this year.$741$3.09$738$316$168$148
2018Detailed filing. Detailed filing data is available for this year.$590$0.06$590$320$171$148
2017Detailed filing. Detailed filing data is available for this year.$442$0.09$442$371$160$210
2016Detailed filing. Detailed filing data is available for this year.$231$0.08$231$54.9$190$135
2015Detailed filing. Detailed filing data is available for this year.$366$0.12$366$67.4$207$140
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$629$1.40$627$205
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$759$1.10$758$202
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$908$1.66$906$209
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Nov 1, 2023 to Oct 31, 2024
Signed
Sep 11, 2025
Return Version
2023v6.0
Gross Receipts
$1,317,062,628
Mission and Program Overview

Mission

To provide benefits to eligible members.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cap Stk Tr Prin Current Funds$2,271,857,663$2,192,040,164▼ $79,817,499
Investments Other Securities$2,108,471,734$2,068,267,093▼ $40,204,641
Savings and Temporary Cash Investments$65,646,612$65,799,504▲ $152,892
Accounts Receivable$29,208,652$23,620,961▼ $5,587,691
Cash and Non-Interest-Bearing Accounts$4,831,602$3,947,490▼ $884,112
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 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$2,296,729,425$2,214,122,967▼ $82,606,458
Other Assets Total$88,570,825$52,487,919▼ $36,082,906
Liabilities
Accounts Payable and Accrued Expenses$24,871,762$22,082,803▼ $2,788,959
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$24,871,762$22,082,803▼ $2,788,959
Net Assets / Fund Balance
Total Net Assets Fund Balance$2,271,857,663$2,192,040,164▼ $79,817,499
Total Liabilities and Net Assets / Fund Balance$2,296,729,425$2,214,122,967▼ $82,606,458

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$23,174,439--
Compensation and Service Providers
Top Officer Pay7th percentile

Employees

NameTitleBaseTotal
The Bank of New York MellonTrustee (see Schedule O)$167,506$167,506

Highest Paid Contractors

ContractorServicesLocationCompensation
Allspring Global InvestmentsInvestment Mgmt.1415 Vantage Park 3rd Floor, Charlotte, NC 28203$642,365
MetLifeInvestment Mgmt.1000 OMEGA DR S 1500, Pittsburgh, PA 15205$402,197
BlackrockInvestment Mgmt.301 Grant Street 43rd Floor, Pittsburgh, PA 15219$167,662
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$19,472,432
Other Revenue
$16,285,666
Change in Net Assets
$-79,817,499
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$614,430
Salaries, Compensation, and Employee Benefits$167,506
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Benefits to Members---$114,793,661
Fees for Service Investment Mgmnt Fees---$357,376
Current Officers, Directors, Trustees, and Key Employees---$167,506
Fees for Services Accounting---$132,100
Other Expenses---$65,199
Total Functional Expenses$0$0$0$115,575,597
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 Lines 1A & 1B & Part VII

“The bank of new york mellon serves as directed trustee of this trust. The plan sponsor is deere and company. The 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 Section 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 A Line 11B

“A complete electronic copy of the organization's form 990 was provided to the trustee for review prior to filing with the irs.”

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.”

Form 990 Part VII Section A Line 1A Column (B)

“Average hours per week devoted to position: as trustee, the bank of new york mellon provides administrative services such as acting as investment manager for the deere & company welfare benefit trust #1. These services require numerous individual bank employees' involvement in the activities of the organization and thus can not be quantified on an hourly basis. Therefore, the trustees fees are not based upon an hourly basis but are calculated based upon factors such as the market value of the account and in accordance with their agreement with deere & company.”

Filing and Contact Details

Filer

Filer Name
Deere & Company Welfare Benefit Trust #1
EIN
30-6073592
In Care Of
% THE BANK OF NEW YORK MELLON
Phone
4122342242
Address
C/O THE BNYM PO BOX 535007, PITTSBURGH, PA 15253-5007

Signing Officer

Name
Shelly Paletta
Title
VP, Bnym, as Trustee
Phone
4122342242
Signed
2025-09-11

Organization Details

Principal Officer
The Bank of New York Mellon
Formed
2004
Legal Domicile
Ma
Voting Board Members
1
Independent Board Members
0
Employees
0
Volunteers
0

Preparer

Firm
Ernst & Young US Llp
Address
2100 ONE PPG PLACE, PITTSBURGH, PA 15222
Preparer
Eileen M Webb
Phone
4126447800
Supplemental Narrative

Additional Explanations

Form 990 Part XII Line 1

“MODIFIED CASH BASIS”

Raw XML AppendixShowing 400 of 411 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/BOYAmt024871762
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt022082803
IRS990/AccountsReceivableGrp/BOYAmt029208652
IRS990/AccountsReceivableGrp/EOYAmt023620961
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0TO PROVIDE BENEFITS TO ELIGIBLE MEMBERS.
IRS990/AdvertisingGrp/TotalAmt00
IRS990/BenefitsToMembersGrp/TotalAmt0114793661
IRS990/BooksInCareOfDetail/PersonNm0THE BANK OF NEW YORK MELLON
IRS990/BooksInCareOfDetail/PhoneNum04122342242
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0PO BOX 535007
IRS990/BooksInCareOfDetail/USAddress/CityNm0PITTSBURGH
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0PA
IRS990/BooksInCareOfDetail/USAddress/ZIPCd0152535007
IRS990/BusinessRlnWith35CtrlEntInd0false
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CapStkTrPrinCurrentFundsGrp/BOYAmt02271857663
IRS990/CapStkTrPrinCurrentFundsGrp/EOYAmt02192040164
IRS990/CashNonInterestBearingGrp/BOYAmt04831602
IRS990/CashNonInterestBearingGrp/EOYAmt03947490
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CntrctRcvdGreaterThan100KCnt03
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0167506
IRS990/CompDisqualPersonsGrp/TotalAmt00
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0false
IRS990/CompensationProcessOtherInd0false
IRS990/ConferencesMeetingsGrp/TotalAmt00
IRS990/ConflictOfInterestPolicyInd0false
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/ContractorCompensationGrp/CompensationAmt0642365
IRS990/ContractorCompensationGrp/CompensationAmt1402197
IRS990/ContractorCompensationGrp/CompensationAmt2167662
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt01415 Vantage Park 3rd Floor
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt11000 OMEGA DR S 1500
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt2301 Grant Street 43rd Floor
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm0CHARLOTTE
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm1PITTSBURGH
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm2PITTSBURGH
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd0NC
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd1PA
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd2PA
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd028203
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd115205
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd215219
IRS990/ContractorCompensationGrp/ContractorName/PersonNm0Allspring Global Investments
IRS990/ContractorCompensationGrp/ContractorName/PersonNm1MetLife
IRS990/ContractorCompensationGrp/ContractorName/PersonNm2Blackrock
IRS990/ContractorCompensationGrp/ServicesDesc0Investment Mgmt.
IRS990/ContractorCompensationGrp/ServicesDesc1Investment Mgmt.
IRS990/ContractorCompensationGrp/ServicesDesc2Investment Mgmt.
IRS990/CostOfGoodsSoldAmt00
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt0114793661
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt019472432
IRS990/CYOtherExpensesAmt0614430
IRS990/CYOtherRevenueAmt016285666
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt0-79817499
IRS990/CYSalariesCompEmpBnftPaidAmt0167506
IRS990/CYTotalExpensesAmt0115575597
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt035758098
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DeferredRevenueGrp/BOYAmt00
IRS990/DeferredRevenueGrp/EOYAmt00
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/TotalAmt00
IRS990/Desc0TO PROVIDE BENEFITS TO ELIGIBLE MEMBERS.
IRS990/DescribedInSection501c3Ind0false
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0false
IRS990/DonorAdvisedFundInd0false
IRS990/DonorRstrOrQuasiEndowmentsInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt00
IRS990/EscrowAccountLiabilityGrp/BOYAmt00
IRS990/EscrowAccountLiabilityGrp/EOYAmt00
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/TotalAmt0132100
IRS990/FeesForServicesLegalGrp/TotalAmt00
IRS990/FeesForServicesLobbyingGrp/TotalAmt00
IRS990/FeesForServicesManagementGrp/TotalAmt00
IRS990/FeesForServicesOtherGrp/TotalAmt00
IRS990/FeesForServicesProfFundraising/TotalAmt00
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt0357376
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignGrantsGrp/TotalAmt00
IRS990/ForeignOfficeInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt00.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt00.0
IRS990/Form990PartVIISectionAGrp/InstitutionalTrusteeInd0X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/PersonNm0THE BANK OF NEW YORK MELLON
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt0167506
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/TitleTxt0TRUSTEE (SEE SCHEDULE O)
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/Form990TFiledInd0true
IRS990/FormationYr02004
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0false
IRS990/FundraisingActivitiesInd0false
IRS990/FundraisingDirectExpensesAmt00
IRS990/FundraisingGrossIncomeAmt00
IRS990/GainOrLossGrp/SecuritiesAmt0-35096695
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/SecuritiesAmt01246207835
IRS990/GrossReceiptsAmt01317062628
IRS990/GrossSalesOfInventoryAmt00
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IncmFromInvestBondProceedsGrp/TotalRevenueColumnAmt00
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt00
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InformationTechnologyGrp/TotalAmt00
IRS990/InsuranceGrp/TotalAmt00
IRS990/IntangibleAssetsGrp/BOYAmt00
IRS990/IntangibleAssetsGrp/EOYAmt00
IRS990/InterestGrp/TotalAmt00
IRS990/InventoriesForSaleOrUseGrp/BOYAmt00
IRS990/InventoriesForSaleOrUseGrp/EOYAmt00
IRS990/InvestmentIncomeGrp/ExclusionAmt054569127
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt054569127
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt02108471734
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt02068267093
IRS990/InvestmentsProgramRelatedGrp/BOYAmt00
IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt00
IRS990/InvestmentsPubTradedSecGrp/EOYAmt00
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipBasisNetGrp/BOYAmt00
IRS990/LandBldgEquipBasisNetGrp/EOYAmt00
IRS990/LegalDomicileStateCd0MA
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt01281304530
IRS990/LoanOutstandingInd0false
IRS990/LoansFromOfficersDirectorsGrp/BOYAmt00
IRS990/LoansFromOfficersDirectorsGrp/EOYAmt00
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingOtherInd0X
IRS990/MinutesOfCommitteesInd0false
IRS990/MinutesOfGoverningBodyInd0false
IRS990/MiscellaneousRevenueGrp/ExclusionAmt0130690
IRS990/MiscellaneousRevenueGrp/TotalRevenueColumnAmt0130690
IRS990/MissionDesc0TO PROVIDE BENEFITS TO ELIGIBLE MEMBERS.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt00
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt00
IRS990/NetAssetsOrFundBalancesBOYAmt02271857663
IRS990/NetAssetsOrFundBalancesEOYAmt02192040164
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0-35096695
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-35096695
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetUnrelatedBusTxblIncmAmt033978
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/TotalAmt00
IRS990/OfficeExpensesGrp/TotalAmt00
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt088570825
IRS990/OtherAssetsTotalGrp/EOYAmt052487919
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0INVESTMENT PERFORMANCE FEES
IRS990/OtherExpensesGrp/Desc1COMMISSIONS ON FUTURES CONTRAC
IRS990/OtherExpensesGrp/Desc2ADMINISTRATION FEES
IRS990/OtherExpensesGrp/TotalAmt039946
IRS990/OtherExpensesGrp/TotalAmt119809
IRS990/OtherExpensesGrp/TotalAmt265199
IRS990/OtherLiabilitiesGrp/BOYAmt00
IRS990/OtherLiabilitiesGrp/EOYAmt00
IRS990/OtherRevenueMiscGrp/BusinessCd0525100
IRS990/OtherRevenueMiscGrp/BusinessCd1525100
IRS990/OtherRevenueMiscGrp/BusinessCd2525100
IRS990/OtherRevenueMiscGrp/Desc0ILB INFLATION ADJUSTMENT
IRS990/OtherRevenueMiscGrp/Desc1PARTNERSHIP INCOME
IRS990/OtherRevenueMiscGrp/Desc2SECURITY LENDING INCOME
IRS990/OtherRevenueMiscGrp/ExclusionAmt013628240
IRS990/OtherRevenueMiscGrp/ExclusionAmt11927316
IRS990/OtherRevenueMiscGrp/ExclusionAmt2556498
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt013628240
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt11970238
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt2556498
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt042922
IRS990/OtherRevenueTotalAmt016285666
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/PrincipalOfficerNm0THE BANK OF NEW YORK MELLON
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYBenefitsPaidToMembersAmt099589242
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt023670611
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt03231716
IRS990/PYOtherRevenueAmt022987610
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0-56285419
IRS990/PYSalariesCompEmpBnftPaidAmt0122682
IRS990/PYTotalExpensesAmt0102943640
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt046658221
IRS990/RcvblFromDisqualifiedPrsnGrp/BOYAmt00
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-79817499
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd0true
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt065646612
IRS990/SavingsAndTempCashInvstGrp/EOYAmt065799504
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt01764978217
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt1225169958
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt251402465
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt33542014
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt423174439
IRS990ScheduleD/OtherSecuritiesGrp/Desc0FIXED INCOME SECURITIES
IRS990ScheduleD/OtherSecuritiesGrp/Desc1EQUITY
IRS990ScheduleD/OtherSecuritiesGrp/Desc2PRIVATE EQUITY
IRS990ScheduleD/OtherSecuritiesGrp/Desc3PREFERRED SECURITIES
IRS990ScheduleD/OtherSecuritiesGrp/Desc4REAL ESTATE
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd1C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd2C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd3C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd4C
IRS990ScheduleD/TotalBookValueSecuritiesAmt02068267093
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE BANK OF NEW YORK MELLON SERVES AS DIRECTED TRUSTEE OF THIS TRUST. THE PLAN SPONSOR IS DEERE AND COMPANY. THE 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THESE 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2A COMPLETE ELECTRONIC COPY OF THE ORGANIZATION'S FORM 990 WAS PROVIDED TO THE TRUSTEE FOR REVIEW PRIOR TO FILING WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3AS 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/ExplanationTxt4AVERAGE HOURS PER WEEK DEVOTED TO POSITION: AS TRUSTEE, THE BANK OF NEW YORK MELLON PROVIDES ADMINISTRATIVE SERVICES SUCH AS ACTING AS INVESTMENT MANAGER FOR THE DEERE & COMPANY WELFARE BENEFIT TRUST #1. THESE SERVICES REQUIRE NUMEROUS INDIVIDUAL BANK EMPLOYEES' INVOLVEMENT IN THE ACTIVITIES OF THE ORGANIZATION AND THUS CAN NOT BE QUANTIFIED ON AN HOURLY BASIS. THEREFORE, THE TRUSTEES FEES ARE NOT BASED UPON AN HOURLY BASIS BUT ARE CALCULATED BASED UPON FACTORS SUCH AS THE MARKET VALUE OF THE ACCOUNT AND IN ACCORDANCE WITH THEIR AGREEMENT WITH DEERE & COMPANY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5MODIFIED CASH BASIS
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 PART VI SECTION A LINES 1A & 1B & PART VII
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990 PART VI SECTION A & B LINES 8, 12-15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990 PART VI SECTION A LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990 PART VI SECTION C LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990 PART VII SECTION A LINE 1A COLUMN (B)
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990 PART XII LINE 1
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingEntityName/BusinessNameLine1Txt0NA
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EIN0362382580
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt0C CORP
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd0DE
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/OwnershipPct00.00000
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt0EQUIPMENT MAN
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt0DEERE & COMPANY
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ShareOfEOYAssetsAmt00
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ShareOfTotalIncomeAmt00
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/AddressLine1Txt0ONE JOHN DEERE PLACE
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/CityNm0MOLINE
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/StateAbbreviationCd0IL
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/ZIPCd061265
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0false
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0false
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0true
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0false
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/TotalAssetsBOYAmt02296729425
IRS990/TotalAssetsEOYAmt02214122967
IRS990/TotalAssetsGrp/BOYAmt02296729425
IRS990/TotalAssetsGrp/EOYAmt02214122967
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0115575597
IRS990/TotalGrossUBIAmt042922
IRS990/TotalLiabilitiesBOYAmt024871762
IRS990/TotalLiabilitiesEOYAmt022082803
IRS990/TotalLiabilitiesGrp/BOYAmt024871762
IRS990/TotalLiabilitiesGrp/EOYAmt022082803
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02271857663
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02192040164
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceRevenueAmt00
IRS990/TotalReportableCompFromOrgAmt0167506
IRS990/TotalRevenueGrp/ExclusionAmt035715176
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt035758098
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt042922
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02296729425
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02214122967
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/TotalAmt00
IRS990/TypeOfOrganizationTrustInd0X
IRS990/UnrelatedBusIncmOverLimitInd0true
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt00
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 535007
IRS990/USAddress/CityNm0PITTSBURGH
IRS990/USAddress/StateAbbreviationCd0PA
IRS990/USAddress/ZIPCd0152535007
IRS990/VotingMembersGoverningBodyCnt01
IRS990/VotingMembersIndependentCnt00
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/PersonNm0Shelly Paletta
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0VP, BNYM, AS TRUSTEE
ReturnHeader/BusinessOfficerGrp/PhoneNum04122342242
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-09-11
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Deere & Company Welfare Benefit Trust #1
ReturnHeader/Filer/BusinessNameControlTxt0DEER
ReturnHeader/Filer/EIN0306073592
ReturnHeader/Filer/InCareOfNm0% THE BANK OF NEW YORK MELLON
ReturnHeader/Filer/PhoneNum04122342242
ReturnHeader/Filer/USAddress/AddressLine1Txt0C/O THE BNYM PO BOX 535007
ReturnHeader/Filer/USAddress/CityNm0PITTSBURGH
ReturnHeader/Filer/USAddress/StateAbbreviationCd0PA
ReturnHeader/Filer/USAddress/ZIPCd0152535007
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0ERNST & YOUNG US LLP

Document Assets

No mirrored PDF or thumbnail assets are attached yet.