Civic Intelligence

The Procter & Gamble Disability Benefit Plan Trust

990 • Fiscal year 2015 • EIN 31-6019593

Jul 01, 2014 to Jun 30, 2015 • Filed on May 12, 2016

Two Procter Gamble PlazaCincinnati, OH 45202

(513) 634-9791

Siviq Scores

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

Liabilities / Assets

19th percentile

0.00x

Higher debt load relative to assets than 19% of similar nonprofits.

2015 filings • 501(c)9 • $10M-$25M nonprofits • Source year 2015

Liabilities / Revenue

18th percentile

0.00x

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

2015 filings • 501(c)9 • $10M-$25M nonprofits • Source year 2015

Net Margin

61st percentile

5.6%

Higher net margin than 61% of similar nonprofits.

2015 filings • 501(c)9 • $10M-$25M nonprofits • Source year 2015

Top Officer Pay

47th percentile

$0

Higher top officer pay than 47% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2015 filings • 501(c)9 • $10M-$25M nonprofits • Source year 2015

Asset Growth

96th percentile

46%

Faster asset growth than 96% of similar nonprofits.

2015 filings • 501(c)9 • $10M-$25M nonprofits • Annualized from 2014 to 2015

Revenue Growth

38th percentile

-0.2%

Faster revenue growth than 38% of similar nonprofits.

2015 filings • 501(c)9 • $10M-$25M nonprofits • Annualized from 2014 to 2015

Assets

Up

$3,650,381

Up $1,154,315 (+46%) from 2014

Net Assets

Up

$3,649,464

Up $1,154,115 (+46%) from 2014

Liabilities

Up

$917

Up $200 (+28%) from 2014

Revenue

Down

$20,173,469

Down $42,506 (-0.2%) from 2014

Expenses

Down

$19,040,824

Down $1,249,879 (-6.2%) from 2014

Net Income

Up

$1,132,645

Up $1,207,373 (+1616%) from 2014

Historical Trend

Balance Sheet Trend

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

$15M$10M$5.0M$0Assets 2011: $10,564,896Liabilities 2011: $5,087,089Net Assets 2011: $5,477,8072011Assets 2012: $4,436,005Liabilities 2012: $55,303Net Assets 2012: $4,380,7022012Assets 2013: $2,796,107Liabilities 2013: $2,039Net Assets 2013: $2,794,0682013Assets 2014: $2,496,066Liabilities 2014: $717Net Assets 2014: $2,495,3492014Assets 2015: $3,650,381Liabilities 2015: $917Net Assets 2015: $3,649,4642015Assets 2016: $5,174,030Liabilities 2016: $910Net Assets 2016: $5,173,1202016Assets 2017: $0Liabilities 2017: $0Net Assets 2017: $02017

Highlighted filing

2015

Assets$3,650,381
Liabilities$917
Net Assets$3,649,464

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$30M$20M$10M$0-$10MExpenses 2011: $20,044,7512011Expenses 2012: $20,285,3112012Expenses 2013: $20,268,9712013Revenue 2014: $20,215,975Expenses 2014: $20,290,703Net Income 2014: -$74,7282014Revenue 2015: $20,173,469Expenses 2015: $19,040,824Net Income 2015: $1,132,6452015Revenue 2016: $18,865,978Expenses 2016: $17,389,211Net Income 2016: $1,476,7672016Revenue 2017: $13,205,819Expenses 2017: $18,372,841Net Income 2017: -$5,167,0222017

Highlighted filing

2015

Revenue$20,173,469
Expenses$19,040,824
Net Income$1,132,645
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
May 12, 2016
Return Version
2014v6.0
Gross Receipts
$20,173,469
Mission and Program Overview

Mission

To provide disability benefits for the u.s. Procter & gamble company employees.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cap Stk Tr Prin Current Funds$2,495,349$3,649,464▲ $1,154,115
Investments in Publicly Traded Securities$2,195,648$3,504,860▲ $1,309,212
Accounts Receivable$300,418$145,521▼ $154,897
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Rtn Earn Endowment Incm Other Fnds$0$0→ $0
Total Assets$2,496,066$3,650,381▲ $1,154,315
Liabilities
Accounts Payable and Accrued Expenses$717$917▲ $200
Total Liabilities$717$917▲ $200
Net Assets / Fund Balance
Total Net Assets Fund Balance$2,495,349$3,649,464▲ $1,154,115
Total Liabilities and Net Assets / Fund Balance$2,496,066$3,650,381▲ $1,154,315
Compensation and Service Providers

Board Members and Trustees

NameTitle
Phil GordonChairperson
Barb KonermanTrustee
Kate GilliganTrustee
Scott FloydTrustee
Ellen KothmanSecretary
STEPHEN D'AMICOTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$20,173,050
Investment Income
$419
Other Revenue
$0
Change in Net Assets
$1,132,645
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$126,202
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Benefits to Members---$18,914,622
Fees for Services Management---$123,746
Other Expenses---$2,456
Total Functional Expenses$0$0$0$19,040,824
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
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
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

Governing body delegates day to day management responsibilities to the disability plan management organization.

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

The procter & gamble company board of directors or appropriate officer, including the vice president or manager with responsibility for human resources in the united states appoints two of the trustees with one other trustee appointed by the procter & gamble cincinnati non-elected reviewing board for a term of four years then these three trustees vote to elect a fourth trustee for a four year term.

Form 990, Part VI, Section A, Line 8B

The veba trust has no committees.

Form 990, Part VI, Section B, Line 11

Upon completion, the managers of the plans review the form 990 and have an opportunity to discuss any questions with the preparer. After the plan managers approve the form 990, the return is presented to the trustees for final review and approval before filing.

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

All employees, if any, and trustees are required to take periodical training regarding the conflict of interest policy. They are reminded of their continuing responsibility to observe the policy and disclose any possible conflicts of interest. All employees, if any, and trustees are responsible for assessing possible conflicts of interest, recommending appropriate actions to resolve or eliminate any conflicts of interest, ensuring appropriate levels of management are aware of the possible conflict, monitoring any previously identified conflicts of interest and following up on any new conflicts of interest.

Form 990, Part VI, Section C, Line 19

Governing documents, conflict of interest policy and financial statements are posted on the procter & gamble internal websites. The documents are available to the public upon request.

Filing and Contact Details

Filer

Filer Name
The Procter & Gamble Disability Benefit Plan Trust
EIN
31-6019593
Phone
5136349791
Address
TWO PROCTER GAMBLE PLAZA, CINCINNATI, OH 45202

Signing Officer

Name
Peter Johansen
Title
Group Manager, Gbs Hrss F&a
Phone
5136349791
Signed
2016-05-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Phil Gordon
Formed
1948
Legal Domicile
Oh
Voting Board Members
4
Independent Board Members
0
Employees
0
Volunteers
0

Preparer

Firm
Deloitte Tax Llp
Address
1100 WALNUT STREET SUITE 3300, KANSAS CITY, MO 64106-2129
Preparer
Elizabeth Wiltfong
Phone
8164746180
Raw XML Appendix341 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/ActivitiesConductedPrtshpInd00
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IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd00
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IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0GOVERNING BODY DELEGATES DAY TO DAY MANAGEMENT RESPONSIBILITIES TO THE DISABILITY PLAN MANAGEMENT ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE PROCTER & GAMBLE COMPANY BOARD OF DIRECTORS OR APPROPRIATE OFFICER, INCLUDING THE VICE PRESIDENT OR MANAGER WITH RESPONSIBILITY FOR HUMAN RESOURCES IN THE UNITED STATES APPOINTS TWO OF THE TRUSTEES WITH ONE OTHER TRUSTEE APPOINTED BY THE PROCTER & GAMBLE CINCINNATI NON-ELECTED REVIEWING BOARD FOR A TERM OF FOUR YEARS THEN THESE THREE TRUSTEES VOTE TO ELECT A FOURTH TRUSTEE FOR A FOUR YEAR TERM.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE VEBA TRUST HAS NO COMMITTEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3UPON COMPLETION, THE MANAGERS OF THE PLANS REVIEW THE FORM 990 AND HAVE AN OPPORTUNITY TO DISCUSS ANY QUESTIONS WITH THE PREPARER. AFTER THE PLAN MANAGERS APPROVE THE FORM 990, THE RETURN IS PRESENTED TO THE TRUSTEES FOR FINAL REVIEW AND APPROVAL BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ALL EMPLOYEES, IF ANY, AND TRUSTEES ARE REQUIRED TO TAKE PERIODICAL TRAINING REGARDING THE CONFLICT OF INTEREST POLICY. THEY ARE REMINDED OF THEIR CONTINUING RESPONSIBILITY TO OBSERVE THE POLICY AND DISCLOSE ANY POSSIBLE CONFLICTS OF INTEREST. ALL EMPLOYEES, IF ANY, AND TRUSTEES ARE RESPONSIBLE FOR ASSESSING POSSIBLE CONFLICTS OF INTEREST, RECOMMENDING APPROPRIATE ACTIONS TO RESOLVE OR ELIMINATE ANY CONFLICTS OF INTEREST, ENSURING APPROPRIATE LEVELS OF MANAGEMENT ARE AWARE OF THE POSSIBLE CONFLICT, MONITORING ANY PREVIOUSLY IDENTIFIED CONFLICTS OF INTEREST AND FOLLOWING UP ON ANY NEW CONFLICTS OF INTEREST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE POSTED ON THE PROCTER & GAMBLE INTERNAL WEBSITES. THE DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleR/AssetExchangeInd00
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0THE PROCTER & GAMBLE BENEFIT PLAN TRUST
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1THE PROCTER & GAMBLE RETIREE BENEFIT TRUST
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt2THE GILLETTE COMPANY EMPLOYEE BENEFIT TRUST
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0311018491
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN1311383353
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN2223055220
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0PROVIDE WELFARE BENEFITS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt1PROVIDE RETIREE MEDICAL BENEFITS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt2PROVIDE HEALTH, LIFE AND DISABILITY BENEFITS
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt1TWO PROCTER GAMBLE PLAZA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt2TWO PROCTER GAMBLE PLAZA
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm1CINCINNATI
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IRS990/TotalAssetsEOYAmt03650381
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IRS990/TotalProgramServiceExpensesAmt019040824
IRS990/TotalProgramServiceRevenueAmt020173050
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IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt020173469
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt020173469
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IRS990/USAddress/AddressLine1Txt08256 UNION CENTRE RD
IRS990/USAddress/CityNm0W CHESTER
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IRS990/USAddress/ZIPCd045069
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ReturnHeader/BuildTS02016-08-17 19:52:53Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0PETER JOHANSEN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0GROUP MANAGER, GBS HRSS F&A
ReturnHeader/BusinessOfficerGrp/PhoneNum05136349791
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-05-12
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0THE PROCTER & GAMBLE DISABILITY BENEFIT PLAN TRUST
ReturnHeader/Filer/BusinessNameControlTxt0PROC
ReturnHeader/Filer/EIN0316019593
ReturnHeader/Filer/PhoneNum05136349791
ReturnHeader/Filer/USAddress/AddressLine1Txt0TWO PROCTER GAMBLE PLAZA
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ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0861065772
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0DELOITTE TAX LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01100 WALNUT STREET SUITE 3300
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0KANSAS CITY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0641062129
ReturnHeader/PreparerPersonGrp/PhoneNum08164746180
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ELIZABETH WILTFONG
ReturnHeader/ReturnTs02016-05-12T08:07:33-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02014-07-01
ReturnHeader/TaxPeriodEndDt02015-06-30
ReturnHeader/TaxYr02014

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