Liabilities / Assets
33rd percentile
Higher debt load relative to assets than 33% of similar nonprofits.
The Procter & Gamble Benefit Plan Trust
990 • Fiscal year 2023 • EIN 31-1018491
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
0.00x
Liabilities / Revenue
24th percentile
Higher debt load relative to revenue than 24% of similar nonprofits.
Net Margin
57th percentile
Higher net margin than 57% of similar nonprofits.
Top Officer Pay
33rd percentile
Higher top officer pay than 33% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
54th percentile
Faster asset growth than 54% of similar nonprofits.
Revenue Growth
53rd percentile
Faster revenue growth than 53% of similar nonprofits.
Balance Sheet
Assets
Up$75,607,720
Up $6,423,567 (+9.3%) from 2022
Net Assets
Up$75,397,588
Up $6,242,158 (+9.0%) from 2022
Liabilities
Up$210,132
Up $181,409 (+632%) from 2022
Revenue And Expenses
Revenue
Up$104,143,467
Up $6,464,042 (+6.6%) from 2022
Expenses
Down$98,225,320
Down $1,182,722 (-1.2%) from 2022
Net Income
Up$5,918,147
Up $7,646,764 (+442%) from 2022
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jul 1, 2022 to Jun 30, 2023
- Signed
- May 14, 2024
- Return Version
- 2022v5.0
- Gross Receipts
- $106,551,606
Mission and Program Overview
Mission
To provide certain welfare benefits for the u.s. Procter & gamble company employees.
Balance Sheet Detail
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Cap Stk Tr Prin Current Funds | $69,155,430 | $75,397,588 | ▲ $6,242,158 |
| Investments Other Securities | $41,954,664 | $40,740,343 | ▼ $1,214,321 |
| Savings and Temporary Cash Investments | $20,585,931 | $28,242,490 | ▲ $7,656,559 |
| Accounts Receivable | $6,493,558 | $6,474,887 | ▼ $18,671 |
| Prepaid Expenses and Deferred Charges | $150,000 | $150,000 | → $0 |
| Pd in Cap Srpls Land Bldg Eqp Fund | $0 | $0 | → $0 |
| Rtn Earn Endowment Incm Other Fnds | $0 | $0 | → $0 |
| Total Assets | $69,184,153 | $75,607,720 | ▲ $6,423,567 |
| Liabilities | |||
| Accounts Payable and Accrued Expenses | $28,723 | $210,132 | ▲ $181,409 |
| Total Liabilities | $28,723 | $210,132 | ▲ $181,409 |
| Net Assets / Fund Balance | |||
| Total Net Assets Fund Balance | $69,155,430 | $75,397,588 | ▲ $6,242,158 |
| Total Liabilities and Net Assets / Fund Balance | $69,184,153 | $75,607,720 | ▲ $6,423,567 |
Asset Categories
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Other Securities | $40,740,343 | - | - |
Compensation and Service Providers
Board Members and Trustees
| Name | Title |
|---|---|
| - | Trustee |
| Kevin Whitham | Investment Committee Membe |
| Laurie Alagha | Investment Committee Membe |
| Matt Janzaurk | Investment Committee Membe |
Highest Paid Contractors
| Contractor | Services | Location | Compensation |
|---|---|---|---|
| United Healthcare Insurance Company | Claims Processing | 5901 LINCOLN DRIVE, Minneapolis, MN 55436 | $18,573,475 |
| Cigna Health And Life Insurance Company | Claims Processing | 900 COTTAGE GROVE RD, Bloomfield, CT 06002 | $1,780,051 |
| Cigna Health And Life Insurance Company | Administration Svcs. | 900 COTTAGE GROVE RD, Bloomfield, CT 06002 | $669,636 |
| Best Doctors | Claims Processing | 60 STATE STREET SUITE 600, Boston, MA 02109 | $607,215 |
| Genex Services LLC | Claims Processing | 1329 E KEMPER RD 4218, Springdale, OH 45246 | $235,935 |
Revenue and Support
Revenue Composition
- Contributions and Grants
- $0
- Program Service Revenue
- $103,222,186
- Investment Income
- $921,281
- Other Revenue
- $0
- Change in Net Assets
- $5,918,147
Expenses and Functional Allocation
Major Expense Lines
| Line Item | Amount |
|---|---|
| Other Expenses | $22,895,181 |
| 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 |
|---|---|---|---|---|
| Benefits to Members | - | - | - | $75,330,139 |
| Other Expenses | - | - | - | $22,873,369 |
| Fees for Service Investment Mgmnt Fees | - | - | - | $21,812 |
| Total Functional Expenses | $0 | $0 | $0 | $98,225,320 |
Fundraising, Events, and Gaming
- Fundraising activities
- No
- Gaming activities
- No
- Professional fundraiser used
- No
Fundraising and Gaming Totals
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
Political and Lobbying Activity
- Political campaign activity
- No
- Subject to proxy tax
- No
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
- Yes
Governance Explanations
Form 990, Part VI, Section A, Line 3
“The procter & gamble company's board of directors delegated authority to the treasurer of the procter & gamble company regarding oversight of the trust, who in turn has appointed the northern trust company as the directed trustee for the trust, and delegated authority to the procter & gamble investment committee to be the fiduciary responsible for the plan assets in the trust and the authority to direct the trustee. The investment committee has delegated authority to the my p&g services, finance & accounting organization within the procter & gamble u.s. Business services company to manage the day-to-day responsibilities with respect to administration of the trust that are not handled by the trustee. The treasurer appointed the northern trust company as the trustee during the 2020 tax year. Prior to this appointment, the investment committee was the trustee for the trust.”
Form 990, Part VI, Section A, Line 7A
“The procter & gamble company's board of directors delegated authority to the treasurer of the procter & gamble company regarding oversight of the trust, who in turn has appointed the northern trust company as the directed trustee for the trust, and delegated authority to the procter & gamble investment committee to be the fiduciary responsible for the plan assets in the trust and the authority to direct the trustee. The treasurer appointed the northern trust company as the trustee during the tax year. Prior to this appointment, the investment committee was the trustee for the trust.”
Form 990, Part VI, Section B, Line 11B
“Upon completion of the form 990, the my p&g services, finance & accounting organization will review the form 990 and then present it to the investment committee for review, approval, and signature before filing.”
Form 990, Part VI, Section C, Line 19
“The trust does not have its own conflict of interest policy or its own financial statements. The governing document is the trust agreement with the northern trust company, which is not available to the public.”
Filing and Contact Details
Filer
- Filer Name
- The Procter & Gamble Benefit Plan
- EIN
- 31-1018491
- Phone
- 5139837777
- Address
- TWO PROCTER GAMBLE PLAZA, CINCINNATI, OH 45202
Signing Officer
- Name
- Kevin Whitham
- Title
- Investment Committee Member
- Phone
- 5139837777
- Signed
- 2024-05-14
- Discuss with paid preparer
- Yes
Organization Details
- Principal Officer
- Kevin Whitham
- Formed
- 1981
- Legal Domicile
- Oh
- Voting Board Members
- 3
- Independent Board Members
- 0
- Employees
- 0
- Volunteers
- 0
Preparer
- Firm
- Deloitte Tax Llp
- Address
- 1100 WALNUT STREET SUITE 3300, KANSAS CITY, MO 64106
- Preparer
- Brett Falkner
- Phone
- 8164746180
Raw XML Appendix367 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/AccountantCompileOrReviewInd | 0 | 0 |
| IRS990/AccountsPayableAccrExpnssGrp/BOYAmt | 0 | 28723 |
| IRS990/AccountsPayableAccrExpnssGrp/EOYAmt | 0 | 210132 |
| IRS990/AccountsReceivableGrp/BOYAmt | 0 | 6493558 |
| IRS990/AccountsReceivableGrp/EOYAmt | 0 | 6474887 |
| IRS990/ActivitiesConductedPrtshpInd | 0 | 0 |
| IRS990/ActivityOrMissionDesc | 0 | TO PROVIDE CERTAIN WELFARE BENEFITS FOR THE U.S. PROCTER & GAMBLE COMPANY EMPLOYEES. |
| IRS990/BenefitsToMembersGrp/TotalAmt | 0 | 75330139 |
| IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt | 0 | KELLEY MCCABE - PROCTER & GAMBLE |
| IRS990/BooksInCareOfDetail/PhoneNum | 0 | 5139837777 |
| IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | TWO PROCTER GAMBLE PLAZA |
| IRS990/BooksInCareOfDetail/USAddress/CityNm | 0 | CINCINNATI |
| IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | OH |
| IRS990/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 45202 |
| IRS990/BusinessRlnWith35CtrlEntInd | 0 | 0 |
| IRS990/BusinessRlnWithFamMemInd | 0 | 0 |
| IRS990/BusinessRlnWithOrgMemInd | 0 | 0 |
| IRS990/CapStkTrPrinCurrentFundsGrp/BOYAmt | 0 | 69155430 |
| IRS990/CapStkTrPrinCurrentFundsGrp/EOYAmt | 0 | 75397588 |
| IRS990/ChangeToOrgDocumentsInd | 0 | 0 |
| IRS990/CntrctRcvdGreaterThan100KCnt | 0 | 7 |
| IRS990/CollectionsOfArtInd | 0 | 0 |
| IRS990/CompensationFromOtherSrcsInd | 0 | 0 |
| IRS990/CompensationProcessCEOInd | 0 | 0 |
| IRS990/CompensationProcessOtherInd | 0 | 0 |
| IRS990/ConflictOfInterestPolicyInd | 0 | 0 |
| IRS990/ConservationEasementsInd | 0 | 0 |
| IRS990/ConsolidatedAuditFinclStmtInd | 0 | 0 |
| IRS990/ContractorCompensationGrp/CompensationAmt | 0 | 18573475 |
| IRS990/ContractorCompensationGrp/CompensationAmt | 1 | 1780051 |
| IRS990/ContractorCompensationGrp/CompensationAmt | 2 | 669636 |
| IRS990/ContractorCompensationGrp/CompensationAmt | 3 | 607215 |
| IRS990/ContractorCompensationGrp/CompensationAmt | 4 | 235935 |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt | 0 | 5901 LINCOLN DRIVE |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt | 1 | 900 COTTAGE GROVE RD |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt | 2 | 900 COTTAGE GROVE RD |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt | 3 | 60 STATE STREET SUITE 600 |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt | 4 | 1329 E KEMPER RD 4218 |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm | 0 | MINNEAPOLIS |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm | 1 | BLOOMFIELD |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm | 2 | BLOOMFIELD |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm | 3 | BOSTON |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm | 4 | SPRINGDALE |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd | 0 | MN |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd | 1 | CT |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd | 2 | CT |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd | 3 | MA |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd | 4 | OH |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd | 0 | 55436 |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd | 1 | 06002 |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd | 2 | 06002 |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd | 3 | 02109 |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd | 4 | 45246 |
| IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt | 0 | UNITED HEALTHCARE INSURANCE COMPANY |
| IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt | 1 | CIGNA HEALTH AND LIFE INSURANCE COMPANY |
| IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt | 2 | CIGNA HEALTH AND LIFE INSURANCE COMPANY |
| IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt | 3 | BEST DOCTORS |
| IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt | 4 | GENEX SERVICES LLC |
| IRS990/ContractorCompensationGrp/ServicesDesc | 0 | CLAIMS PROCESSING |
| IRS990/ContractorCompensationGrp/ServicesDesc | 1 | CLAIMS PROCESSING |
| IRS990/ContractorCompensationGrp/ServicesDesc | 2 | ADMINISTRATION SVCS. |
| IRS990/ContractorCompensationGrp/ServicesDesc | 3 | CLAIMS PROCESSING |
| IRS990/ContractorCompensationGrp/ServicesDesc | 4 | CLAIMS PROCESSING |
| IRS990/CreditCounselingInd | 0 | 0 |
| IRS990/CYBenefitsPaidToMembersAmt | 0 | 75330139 |
| IRS990/CYContributionsGrantsAmt | 0 | 0 |
| IRS990/CYGrantsAndSimilarPaidAmt | 0 | 0 |
| IRS990/CYInvestmentIncomeAmt | 0 | 921281 |
| IRS990/CYOtherExpensesAmt | 0 | 22895181 |
| IRS990/CYOtherRevenueAmt | 0 | 0 |
| IRS990/CYProgramServiceRevenueAmt | 0 | 103222186 |
| IRS990/CYRevenuesLessExpensesAmt | 0 | 5918147 |
| IRS990/CYSalariesCompEmpBnftPaidAmt | 0 | 0 |
| IRS990/CYTotalExpensesAmt | 0 | 98225320 |
| IRS990/CYTotalFundraisingExpenseAmt | 0 | 0 |
| IRS990/CYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/CYTotalRevenueAmt | 0 | 104143467 |
| IRS990/DecisionsSubjectToApprovaInd | 0 | 0 |
| IRS990/DeductibleArtContributionInd | 0 | 0 |
| IRS990/DeductibleNonCashContriInd | 0 | 0 |
| IRS990/DelegationOfMgmtDutiesInd | 0 | 1 |
| IRS990/Desc | 0 | FUND WELFARE BENEFITS FOR THE U.S. PROCTER & GAMBLE COMPANY EMPLOYEES. |
| IRS990/DescribedInSection501c3Ind | 0 | 0 |
| IRS990/DisregardedEntityInd | 0 | 0 |
| IRS990/DocumentRetentionPolicyInd | 0 | 0 |
| IRS990/DonorAdvisedFundInd | 0 | 0 |
| IRS990/DonorRstrOrQuasiEndowmentsInd | 0 | 0 |
| IRS990/ElectionOfBoardMembersInd | 0 | 1 |
| IRS990/EmployeeCnt | 0 | 0 |
| IRS990/ExpenseAmt | 0 | 98225320 |
| IRS990/FamilyOrBusinessRlnInd | 0 | 0 |
| IRS990/FederalGrantAuditRequiredInd | 0 | 0 |
| IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt | 0 | 21812 |
| IRS990/ForeignActivitiesInd | 0 | 0 |
| IRS990/ForeignFinancialAccountInd | 0 | 0 |
| IRS990/ForeignOfficeInd | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 0 | 0.10 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 1 | 0.10 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 2 | 0.10 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 3 | 0.10 |
| IRS990/Form990PartVIISectionAGrp/BusinessName/BusinessNameLine1Txt | 0 | THE NORTHERN TRUST COMPANY |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/InstitutionalTrusteeInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 0 | KEVIN WHITHAM |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 1 | MATT JANZAURK |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 2 | LAURIE ALAGHA |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 0 | INVESTMENT COMMITTEE MEMBE |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 1 | INVESTMENT COMMITTEE MEMBE |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 2 | INVESTMENT COMMITTEE MEMBE |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 3 | TRUSTEE |
| IRS990/Form990ProvidedToGvrnBodyInd | 0 | 1 |
| IRS990/Form990TFiledInd | 0 | 1 |
| IRS990/FormationYr | 0 | 1981 |
| IRS990/FormerOfcrEmployeesListedInd | 0 | 0 |
| IRS990/FSAuditedInd | 0 | 0 |
| IRS990/FundraisingActivitiesInd | 0 | 0 |
| IRS990/GainOrLossGrp/SecuritiesAmt | 0 | -1043139 |
| IRS990/GamingActivitiesInd | 0 | 0 |
| IRS990/GoverningBodyVotingMembersCnt | 0 | 3 |
| IRS990/GrantsToIndividualsInd | 0 | 0 |
| IRS990/GrantsToOrganizationsInd | 0 | 0 |
| IRS990/GrantToRelatedPersonInd | 0 | 0 |
| IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt | 0 | 1365000 |
| IRS990/GrossReceiptsAmt | 0 | 106551606 |
| IRS990/GroupReturnForAffiliatesInd | 0 | 0 |
| IRS990/IncludeFIN48FootnoteInd | 0 | 0 |
| IRS990/IndependentAuditFinclStmtInd | 0 | 0 |
| IRS990/IndependentVotingMemberCnt | 0 | 0 |
| IRS990/IndivRcvdGreaterThan100KCnt | 0 | 7 |
| IRS990/IndoorTanningServicesInd | 0 | 0 |
| IRS990/InfoInScheduleOPartVIInd | 0 | X |
| IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt | 0 | 1964420 |
| IRS990/InvestmentIncomeGrp/UnrelatedBusinessRevenueAmt | 0 | 1964420 |
| IRS990/InvestmentInJointVentureInd | 0 | 0 |
| IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt | 0 | 41954664 |
| IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt | 0 | 40740343 |
| IRS990/IRPDocumentCnt | 0 | 0 |
| IRS990/IRPDocumentW2GCnt | 0 | 0 |
| IRS990/LegalDomicileStateCd | 0 | OH |
| IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt | 0 | 2408139 |
| IRS990/LoanOutstandingInd | 0 | 0 |
| IRS990/LocalChaptersInd | 0 | 0 |
| IRS990/MaterialDiversionOrMisuseInd | 0 | 0 |
| IRS990/MembersOrStockholdersInd | 0 | 0 |
| IRS990/MethodOfAccountingAccrualInd | 0 | X |
| IRS990/MinutesOfCommitteesInd | 0 | 1 |
| IRS990/MinutesOfGoverningBodyInd | 0 | 1 |
| IRS990/MissionDesc | 0 | TO PROVIDE CERTAIN WELFARE BENEFITS FOR THE U.S. PROCTER & GAMBLE COMPANY EMPLOYEES. |
| IRS990/MoreThan5000KToIndividualsInd | 0 | 0 |
| IRS990/MoreThan5000KToOrgInd | 0 | 0 |
| IRS990/NetAssetsOrFundBalancesBOYAmt | 0 | 69155430 |
| IRS990/NetAssetsOrFundBalancesEOYAmt | 0 | 75397588 |
| IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt | 0 | -1043139 |
| IRS990/NetGainOrLossInvestmentsGrp/UnrelatedBusinessRevenueAmt | 0 | -1043139 |
| IRS990/NetUnrelatedBusTxblIncmAmt | 0 | 1938608 |
| IRS990/NetUnrlzdGainsLossesInvstAmt | 0 | 324011 |
| IRS990/NoListedPersonsCompensatedInd | 0 | X |
| IRS990/NondeductibleContributionsInd | 0 | 0 |
| IRS990/OfficerMailingAddressInd | 0 | 0 |
| IRS990/OperateHospitalInd | 0 | 0 |
| IRS990/Organization501cInd | 0 | X |
| IRS990/OrgDoesNotFollowFASB117Ind | 0 | X |
| IRS990/OtherChangesInNetAssetsAmt | 0 | 0 |
| IRS990/OtherExpensesGrp/Desc | 0 | ADMINISTRATIVE EXPENSES |
| IRS990/OtherExpensesGrp/TotalAmt | 0 | 22873369 |
| IRS990/PartialLiquidationInd | 0 | 0 |
| IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt | 0 | 0 |
| IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt | 0 | 0 |
| IRS990/PoliticalCampaignActyInd | 0 | 0 |
| IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt | 0 | 150000 |
| IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt | 0 | 150000 |
| IRS990/PrincipalOfficerNm | 0 | KEVIN WHITHAM |
| IRS990/ProfessionalFundraisingInd | 0 | 0 |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 0 | 900099 |
| IRS990/ProgramServiceRevenueGrp/Desc | 0 | CONTRIBUTIONS |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 103222186 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 0 | 103222186 |
| IRS990/ProhibitedTaxShelterTransInd | 0 | 0 |
| IRS990/PYBenefitsPaidToMembersAmt | 0 | 77566660 |
| IRS990/PYContributionsGrantsAmt | 0 | 0 |
| IRS990/PYGrantsAndSimilarPaidAmt | 0 | 0 |
| IRS990/PYInvestmentIncomeAmt | 0 | 187155 |
| IRS990/PYOtherExpensesAmt | 0 | 21841382 |
| IRS990/PYOtherRevenueAmt | 0 | 0 |
| IRS990/PYProgramServiceRevenueAmt | 0 | 97492270 |
| IRS990/PYRevenuesLessExpensesAmt | 0 | -1728617 |
| IRS990/PYSalariesCompEmpBnftPaidAmt | 0 | 0 |
| IRS990/PYTotalExpensesAmt | 0 | 99408042 |
| IRS990/PYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/PYTotalRevenueAmt | 0 | 97679425 |
| IRS990/ReconcilationRevenueExpnssAmt | 0 | 5918147 |
| IRS990/RelatedEntityInd | 0 | 1 |
| IRS990/RelatedOrganizationCtrlEntInd | 0 | 0 |
| IRS990/ReportInvestmentsOtherSecInd | 0 | 1 |
| IRS990/ReportLandBuildingEquipmentInd | 0 | 0 |
| IRS990/ReportOtherAssetsInd | 0 | 0 |
| IRS990/ReportOtherLiabilitiesInd | 0 | 0 |
| IRS990/ReportProgramRelatedInvstInd | 0 | 0 |
| IRS990/RevenueAmt | 0 | 103222186 |
| IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt | 0 | 0 |
| IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt | 0 | 0 |
| IRS990/SavingsAndTempCashInvstGrp/BOYAmt | 0 | 20585931 |
| IRS990/SavingsAndTempCashInvstGrp/EOYAmt | 0 | 28242490 |
| IRS990/ScheduleBRequiredInd | 0 | 0 |
| IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt | 0 | 40740343 |
| IRS990ScheduleD/OtherSecuritiesGrp/Desc | 0 | COMMON COLLECTIVE TRUST FUNDS |
| IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd | 0 | F |
| IRS990ScheduleD/TotalBookValueLandBuildingsAmt | 0 | 0 |
| IRS990ScheduleD/TotalBookValueSecuritiesAmt | 0 | 40740343 |
| IRS990/ScheduleJRequiredInd | 0 | 0 |
| IRS990/ScheduleORequiredInd | 0 | 1 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | THE PROCTER & GAMBLE COMPANY'S BOARD OF DIRECTORS DELEGATED AUTHORITY TO THE TREASURER OF THE PROCTER & GAMBLE COMPANY REGARDING OVERSIGHT OF THE TRUST, WHO IN TURN HAS APPOINTED THE NORTHERN TRUST COMPANY AS THE DIRECTED TRUSTEE FOR THE TRUST, AND DELEGATED AUTHORITY TO THE PROCTER & GAMBLE INVESTMENT COMMITTEE TO BE THE FIDUCIARY RESPONSIBLE FOR THE PLAN ASSETS IN THE TRUST AND THE AUTHORITY TO DIRECT THE TRUSTEE. THE INVESTMENT COMMITTEE HAS DELEGATED AUTHORITY TO THE MY P&G SERVICES, FINANCE & ACCOUNTING ORGANIZATION WITHIN THE PROCTER & GAMBLE U.S. BUSINESS SERVICES COMPANY TO MANAGE THE DAY-TO-DAY RESPONSIBILITIES WITH RESPECT TO ADMINISTRATION OF THE TRUST THAT ARE NOT HANDLED BY THE TRUSTEE. THE TREASURER APPOINTED THE NORTHERN TRUST COMPANY AS THE TRUSTEE DURING THE 2020 TAX YEAR. PRIOR TO THIS APPOINTMENT, THE INVESTMENT COMMITTEE WAS THE TRUSTEE FOR THE TRUST. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | THE PROCTER & GAMBLE COMPANY'S BOARD OF DIRECTORS DELEGATED AUTHORITY TO THE TREASURER OF THE PROCTER & GAMBLE COMPANY REGARDING OVERSIGHT OF THE TRUST, WHO IN TURN HAS APPOINTED THE NORTHERN TRUST COMPANY AS THE DIRECTED TRUSTEE FOR THE TRUST, AND DELEGATED AUTHORITY TO THE PROCTER & GAMBLE INVESTMENT COMMITTEE TO BE THE FIDUCIARY RESPONSIBLE FOR THE PLAN ASSETS IN THE TRUST AND THE AUTHORITY TO DIRECT THE TRUSTEE. THE TREASURER APPOINTED THE NORTHERN TRUST COMPANY AS THE TRUSTEE DURING THE TAX YEAR. PRIOR TO THIS APPOINTMENT, THE INVESTMENT COMMITTEE WAS THE TRUSTEE FOR THE TRUST. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | UPON COMPLETION OF THE FORM 990, THE MY P&G SERVICES, FINANCE & ACCOUNTING ORGANIZATION WILL REVIEW THE FORM 990 AND THEN PRESENT IT TO THE INVESTMENT COMMITTEE FOR REVIEW, APPROVAL, AND SIGNATURE BEFORE FILING. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | THE TRUST DOES NOT HAVE ITS OWN CONFLICT OF INTEREST POLICY OR ITS OWN FINANCIAL STATEMENTS. THE GOVERNING DOCUMENT IS THE TRUST AGREEMENT WITH THE NORTHERN TRUST COMPANY, WHICH IS NOT AVAILABLE TO THE PUBLIC. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990, PART VI, SECTION A, LINE 3 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990, PART VI, SECTION A, LINE 7A |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990, PART VI, SECTION B, LINE 11B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990, PART VI, SECTION C, LINE 19 |
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| IRS990ScheduleR/AssetPurchaseFromOtherOrgInd | 0 | 0 |
| IRS990ScheduleR/AssetSaleToOtherOrgInd | 0 | 0 |
| IRS990ScheduleR/DivRelatedOrganizationInd | 0 | 0 |
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| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt | 1 | THE GILLETTE COMPANY EMPLOYEE BENEFIT TRUST |
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| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN | 1 | 223055220 |
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| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt | 1 | PROVIDED HEALTH, LIFE AND DISABILITY BENEFITS |
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| IRS990ScheduleR/PerformOfServicesForOthOrgInd | 0 | 0 |
| IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd | 0 | 0 |
| IRS990ScheduleR/ReimbursementPaidByOtherOrgInd | 0 | 0 |
| IRS990ScheduleR/ReimbursementPaidToOtherOrgInd | 0 | 0 |
| IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd | 0 | 0 |
| IRS990ScheduleR/RentalOfFcltsFromOthOrgInd | 0 | 0 |
| IRS990ScheduleR/SharingOfFacilitiesInd | 0 | 0 |
| IRS990ScheduleR/TransferFromOtherOrgInd | 0 | 0 |
| IRS990ScheduleR/TransferToOtherOrgInd | 0 | 0 |
| IRS990/SchoolOperatingInd | 0 | 0 |
| IRS990/SignificantChangeInd | 0 | 0 |
| IRS990/SignificantNewProgramSrvcInd | 0 | 0 |
| IRS990/SubjectToExcsTaxNetInvstIncInd | 0 | 0 |
| IRS990/SubjectToProxyTaxInd | 0 | 0 |
| IRS990/SubjToTaxRmnrtnExPrchtPymtInd | 0 | 0 |
| IRS990/TaxablePartyNotificationInd | 0 | 0 |
| IRS990/TaxExemptBondsInd | 0 | 0 |
| IRS990/TerminateOperationsInd | 0 | 0 |
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| IRS990/TotalAssetsGrp/EOYAmt | 0 | 75607720 |
| IRS990/TotalCompGreaterThan150KInd | 0 | 0 |
| IRS990/TotalEmployeeCnt | 0 | 0 |
| IRS990/TotalFunctionalExpensesGrp/TotalAmt | 0 | 98225320 |
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| IRS990/TotalLiabilitiesBOYAmt | 0 | 28723 |
| IRS990/TotalLiabilitiesEOYAmt | 0 | 210132 |
| IRS990/TotalLiabilitiesGrp/BOYAmt | 0 | 28723 |
| IRS990/TotalLiabilitiesGrp/EOYAmt | 0 | 210132 |
| IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt | 0 | 69155430 |
| IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt | 0 | 75397588 |
| IRS990/TotalOtherCompensationAmt | 0 | 0 |
| IRS990/TotalProgramServiceExpensesAmt | 0 | 98225320 |
| IRS990/TotalProgramServiceRevenueAmt | 0 | 103222186 |
| IRS990/TotalReportableCompFromOrgAmt | 0 | 0 |
| IRS990/TotalRevenueGrp/ExclusionAmt | 0 | 0 |
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| IRS990/TotalRevenueGrp/TotalRevenueColumnAmt | 0 | 104143467 |
| IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt | 0 | 921281 |
| IRS990/TotalVolunteersCnt | 0 | 0 |
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| IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt | 0 | 75607720 |
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| IRS990/UnrelatedBusIncmOverLimitInd | 0 | 1 |
| IRS990/UponRequestInd | 0 | X |
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| IRS990/USAddress/StateAbbreviationCd | 0 | OH |
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| IRS990/VotingMembersGoverningBodyCnt | 0 | 3 |
| IRS990/VotingMembersIndependentCnt | 0 | 0 |
| IRS990/WebsiteAddressTxt | 0 | N/A |
| IRS990/WhistleblowerPolicyInd | 0 | 0 |
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| ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd | 0 | IAL1 |
| ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd | 0 | 2 |
| ReturnHeader/BuildTS | 0 | 2023-04-26 12:10:37Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | 1 |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | KEVIN WHITHAM |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | INVESTMENT COMMITTEE MEMBER |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 5139837777 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2024-05-14 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | THE PROCTER & GAMBLE BENEFIT PLAN |
| ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt | 0 | TRUST |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | PROC |
| ReturnHeader/Filer/EIN | 0 | 311018491 |
| ReturnHeader/Filer/PhoneNum | 0 | 5139837777 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | TWO PROCTER GAMBLE PLAZA |
| ReturnHeader/Filer/USAddress/CityNm | 0 | CINCINNATI |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | OH |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 45202 |
| ReturnHeader/IRSResponsiblePrtyInfoCurrInd | 0 | 0 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 861065772 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | DELOITTE TAX LLP |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 1100 WALNUT STREET SUITE 3300 |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | KANSAS CITY |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | MO |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 64106 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 8164746180 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | BRETT FALKNER |
| ReturnHeader/ReturnTs | 0 | 2024-05-14T07:51:24-05:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990 |
| ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm | 0 | KEVIN |
| ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm | 0 | WHITHAM |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2022-07-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2023-06-30 |
| ReturnHeader/TaxYr | 0 | 2022 |
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
- $75,607,720
- Liabilities
- $210,132
- Net assets
- $75,397,588
- Revenue
- $104,143,467
- Expenses
- $98,225,320
- Net income
- $5,918,147