Civic Intelligence

Usg Corporation Employee Benefit Trust

EIN 36-2944181 • 501(c)9 • Chicago, IL

Profile

Usg corporation employee benefit trust was formed 1990 to hold funds deposited by usg corporation and its subsidiaries to provide health disability and dependent care benefits under the usg corporation cafeteria plan to participating employees.

550 W Adams StChicago, IL 60661-3665
Siviq Scores

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

Liabilities / Assets

45th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)9 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

52nd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)9 • $1M-$5M nonprofits • Source year 2024

Net Margin

37th percentile

-0.3%

Higher net margin than 37% of similar nonprofits.

501(c)9 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

98th percentile

$804,022

Higher top officer pay than 98% of similar nonprofits.

Top officer pay equals 40.7% of source-year revenue.

501(c)9 • $1M-$5M nonprofits • Source year 2024

Asset Growth

41st percentile

-0.6%

Faster asset growth than 41% of similar nonprofits.

501(c)9 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

51st percentile

4.7%

Faster revenue growth than 51% of similar nonprofits.

501(c)9 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Down

$844,296

Down $5,366 (-0.6%) from 2023

Liabilities

Flat

$0

Flat from 2023

Net Assets

Down

$844,296

Down $5,366 (-0.6%) from 2023

Revenue

Up

$1,976,908

Up $88,801 (+4.7%) from 2023

Expenses

Up

$1,982,274

Up $351,812 (+22%) from 2023

Net Income

Down

-$5,366

Down $263,011 (-102%) from 2023

Trend Graphs

Balance Sheet Trend

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

$1.0M$500K$0Assets 2020: $300,716Liabilities 2020: $0Net Assets 2020: $300,7162020Assets 2021: $605,565Liabilities 2021: $0Net Assets 2021: $605,5652021Assets 2022: $592,017Liabilities 2022: $0Net Assets 2022: $592,0172022Assets 2023: $849,662Liabilities 2023: $0Net Assets 2023: $849,6622023Assets 2024: $844,296Liabilities 2024: $0Net Assets 2024: $844,2962024

Highlighted filing

2024

Assets$844,296
Liabilities$0
Net Assets$844,296

Operations Trend

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

$2.0M$1.0M$0-$1.0MRevenue 2020: $1,702,176Expenses 2020: $1,883,641Net Income 2020: -$181,4652020Revenue 2021: $1,580,087Expenses 2021: $1,275,238Net Income 2021: $304,8492021Revenue 2022: $1,447,144Expenses 2022: $1,460,692Net Income 2022: -$13,5482022Revenue 2023: $1,888,107Expenses 2023: $1,630,462Net Income 2023: $257,6452023Revenue 2024: $1,976,908Expenses 2024: $1,982,274Net Income 2024: -$5,3662024

Highlighted filing

2024

Revenue$1,976,908
Expenses$1,982,274
Net Income-$5,366

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
May 9, 2025
Return Version
2024v5.1
Gross Receipts
$1,976,908
Mission and Program Overview

Mission

Usg corporation employee benefit trust was formed 1990 to hold funds deposited by usg corporation and its subsidiaries to provide health disability and dependent care benefits under the usg corporation cafeteria plan to participating employees.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$849,662$844,296▼ $5,366
Cap Stk Tr Prin Current Funds$849,662$844,296▼ $5,366
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
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$849,662$844,296▼ $5,366
Other Assets Total$0$0→ $0
Liabilities
Accounts Payable and Accrued Expenses$0$0→ $0
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$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$849,662$844,296▼ $5,366
Total Liabilities and Net Assets / Fund Balance$849,662$844,296▼ $5,366
Compensation and Service Providers

Employees

NameTitleBaseOtherTotal
Northern Trust CompanyTrustee$2,140$2,140$2,140

Board Members and Trustees

NameTitle
Michele GreenSenior Vice President
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,941,071
Investment Income
$35,837
Other Revenue
$0
All Other Contributions
$0
Change in Net Assets
$-5,366
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,140
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$1,980,134--$1,980,134
Fees for Services Other$2,140$0$0$2,140
Total Functional Expenses$1,982,274$0$0$1,982,274
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
Annual disclosure for covered persons
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
No
Management duties delegated
No

Governance Explanations

Part VI, Line 8A

The usg corporation employee benefit trust fund simply holds the employee contributions in the bank account that earns interest and then uses the funds to payout employee benefits. Due to the nature of the activity in the employee benefit trust there are no meetings held and therefore no minutes are kept on a formal basis.

Part VI, Line 11B

The usg corporation employee benefit trust goes through multiple levels of review within the organization. The tax department receives the financial information from the plan administrator the tax return is then completed and reviewed by a manager within the tax department. The return is given to the administrator for final review.

Part VI, Line 12C

The statement in response to part vi line 12 - conflict of interest.usg corporations code of conduct is posted on usg corporation website www.usg.com. Within the code of conduct is the organizations conflict of interest policy. Each draft - not for filing employee of the usg corporation is trained and surveyed on the policies within the corporations code of conduct including conflict of interest.

Part VI, Line 19

Information available to the public usgs governing documents conflict of interest policy and financial statements are all made available to the public at www.usg.com

Filing and Contact Details

Filer

Filer Name
Usg Corporation Employee Benefit Trust
EIN
36-2944181
In Care Of
% MICHELE GREEN
Phone
3124364000
Address
550 W ADAMS ST, CHICAGO, IL 60661-3665

Signing Officer

Name
Michele Green
Title
Senior Vice President
Signed
2025-05-09

Organization Details

Principal Officer
Michele Green
Formed
1990
Legal Domicile
Il
Voting Board Members
2
Independent Board Members
0
Employees
0
Volunteers
0
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