Civic Intelligence

Mcdonalds Corp Welfare Benefit Tr

990 • Fiscal year 2014 • EIN 36-3360546

Dec 01, 2013 to Nov 30, 2014 • Filed on Mar 30, 2015

Organization ProfileN/A
2111 Mcdonalds Drive60523-1928

(630) 623-3000

Siviq Scores

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

Liabilities / Assets

19th percentile

0.00x

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

2014 filings • 501(c)9 • $100M-$250M nonprofits • Source year 2014

Liabilities / Revenue

19th percentile

0.00x

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

2014 filings • 501(c)9 • $100M-$250M nonprofits • Source year 2014

Net Margin

27th percentile

-2.4%

Higher net margin than 27% of similar nonprofits.

2014 filings • 501(c)9 • $100M-$250M nonprofits • Source year 2014

Top Officer Pay

34th percentile

$0

Higher top officer pay than 34% of similar nonprofits.

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

2014 filings • 501(c)9 • $100M-$250M nonprofits • Source year 2014

Asset Growth

7th percentile

-23%

Faster asset growth than 7% of similar nonprofits.

2014 filings • 501(c)9 • $100M-$250M nonprofits • Annualized from 2013 to 2014

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2014

Balance Sheet
Liabilities / Assets19th percentile

Assets

Down

$9,609,021

Down $2,808,668 (-23%) from 2013

Net Assets

Down

$9,609,021

Down $2,808,668 (-23%) from 2013

Liabilities

Flat

$0

Flat from 2013

Revenue And Expenses
Liabilities / Revenue19th percentileNet Margin27th percentile

Revenue

$115,180,450

No earlier filing loaded for comparison.

Expenses

Down

$117,989,122

Down $18,524,383 (-14%) from 2013

Net Income

-$2,808,672

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth7th percentile

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

$15M$10M$5.0M$0Assets 2011: $10,261,245Liabilities 2011: $0Net Assets 2011: $10,261,2452011Assets 2012: $9,856,631Liabilities 2012: $0Net Assets 2012: $9,856,6312012Assets 2013: $12,417,689Liabilities 2013: $0Net Assets 2013: $12,417,6892013Assets 2014: $9,609,021Liabilities 2014: $0Net Assets 2014: $9,609,0212014Assets 2015: $14,978,696Liabilities 2015: $0Net Assets 2015: $14,978,6962015Assets 2016: $0Liabilities 2016: $0Net Assets 2016: $02016

Highlighted filing

2014

Assets$9,609,021
Liabilities$0
Net Assets$9,609,021
Open 2014 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$150M$100M$50M$0-$50MExpenses 2011: $116,302,5132011Expenses 2012: $125,844,8592012Expenses 2013: $136,513,5052013Revenue 2014: $115,180,450Expenses 2014: $117,989,122Net Income 2014: -$2,808,6722014Revenue 2015: $138,103,696Expenses 2015: $132,734,019Net Income 2015: $5,369,6772015Revenue 2016: $122,883,081Expenses 2016: $137,861,775Net Income 2016: -$14,978,6942016

Highlighted filing

2014

Revenue$115,180,450
Expenses$117,989,122
Net Income-$2,808,672
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Dec 1, 2013 to Nov 30, 2014
Signed
Mar 30, 2015
Return Version
2013v4.0
Gross Receipts
$115,180,450
Mission and Program Overview

Mission

To provide medical & dental benefits. The mcdonalds corporation health plan was established by mcdonalds corporation to provide medical & dental benefits for its employees and their dependents.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$12,417,689$9,609,021▼ $2,808,668
Cap Stk Tr Prin Current Funds$12,417,689$9,609,021▼ $2,808,668
Total Assets$12,417,689$9,609,021▼ $2,808,668
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$12,417,689$9,609,021▼ $2,808,668
Total Liabilities and Net Assets / Fund Balance$12,417,689$9,609,021▼ $2,808,668
Compensation and Service Providers
Top Officer Pay34th percentile

Board Members and Trustees

NameTitle
-Trustee
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$115,180,026
Investment Income
$424
Other Revenue
$0
Change in Net Assets
$-2,808,672
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$89,036
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$117,900,086--$117,900,086
Other Expenses$85,590--$85,590
Fees for Service Investment Mgmnt Fees$2,946--$2,946
Fees for Services Accounting$500--$500
Total Functional Expenses$117,989,122$0$0$117,989,122
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Audit committee
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11-description of Process for Review

“Complying with the terms and conditions of the trust instrument, in conjunction with the internal policies and procedures of the trustee, which includes the preparation, review, and filing of form 990 to satisfy the trustee's duty of care.”

Filing and Contact Details

Filer

EIN
36-3360546
Phone
6306233000

Signing Officer

Name
Jpmorgan Chase Bank Na
Title
Trustee
Phone
6306233000
Signed
2015-03-30
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Rich Floersch
Formed
1984
Legal Domicile
Il
Voting Board Members
0
Independent Board Members
0
Employees
0

Preparer

Preparer
Ronald Shoemaker
Phone
4193216096
Supplemental Narrative

Additional Explanations

Description for Making Documents Public

“The veba trust makes available upon request documents submitted with form 1024.”

Explanation for Form 990, Part XI, Line 9

“ROUNDING $4”

Raw XML Appendix220 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/AccountantCompileOrReviewInd0true
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0TO PROVIDE MEDICAL & DENTAL BENEFITS. THE MCDONALDS CORPORATION HEALTH PLAN WAS ESTABLISHED BY MCDONALDS CORPORATION TO PROVIDE MEDICAL & DENTAL BENEFITS FOR ITS EMPLOYEES AND THEIR DEPENDENTS.
IRS990/AuditCommitteeInd0true
IRS990/BenefitsToMembersGrp/ProgramServicesAmt0117900086
IRS990/BenefitsToMembersGrp/TotalAmt0117900086
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine10MCDONALD'S CORPORATION
IRS990/BooksInCareOfDetail/PhoneNum06306233000
IRS990/BooksInCareOfDetail/USAddress/AddressLine102111 MCDONALDS DRIVE
IRS990/BooksInCareOfDetail/USAddress/City0OAK BROOK
IRS990/BooksInCareOfDetail/USAddress/State0IL
IRS990/BooksInCareOfDetail/USAddress/ZIPCode0605231928
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOfficerEntInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CapStkTrPrinCurrentFundsGrp/BOYAmt012417689
IRS990/CapStkTrPrinCurrentFundsGrp/EOYAmt09609021
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0false
IRS990/CompensationProcessOtherInd0false
IRS990/ConflictOfInterestPolicyInd0false
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt0117900086
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt0424
IRS990/CYOtherExpensesAmt089036
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt0115180026
IRS990/CYRevenuesLessExpensesAmt0-2808672
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt0117989122
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0115180450
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/Desc0MEDICAL AND DENTAL BENEFITS
IRS990/DescribedInSection501c3Ind0false
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0false
IRS990/DonorAdvisedFundInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt00
IRS990/ExpenseAmt0117900086
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/ProgramServicesAmt0500
IRS990/FeesForServicesAccountingGrp/TotalAmt0500
IRS990/FeesForSrvcInvstMgmntFeesGrp/ProgramServicesAmt02946
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt02946
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.0
IRS990/Form990PartVIISectionAGrp/BusinessName/BusinessNameLine10JPMORGAN CHASE BANK NA
IRS990/Form990PartVIISectionAGrp/InstitutionalTrusteeInd0X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/TitleTxt0TRUSTEE
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr01984
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt00
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt0115180450
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt00
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0424
IRS990/InvestmentIncomeGrp/UnrelatedBusinessRevenueAmt0424
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0IL
IRS990/LoanOutstandingInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingCashInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0TO PROVIDE MEDICAL & DENTAL BENEFITS. THE MCDONALDS CORPORATION HEALTH PLAN WAS ESTABLISHED BY MCDONALDS CORPORATION TO PROVIDE MEDICAL & DENTAL BENEFITS FOR ITS EMPLOYEES AND THEIR DEPENDENTS.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt012417689
IRS990/NetAssetsOrFundBalancesEOYAmt09609021
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt04
IRS990/OtherExpensesGrp/Desc0PLAN EXPENSES
IRS990/OtherExpensesGrp/ProgramServicesAmt085590
IRS990/OtherExpensesGrp/TotalAmt085590
IRS990/PartialLiquidationInd0false
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0RICH FLOERSCH
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/Desc0EMPLOYER CONTS & CLAIM REFUNDS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0115180026
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0115180026
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYBenefitsPaidToMembersAmt037849392
IRS990/PYInvestmentIncomeAmt0949
IRS990/PYOtherExpensesAmt098664113
IRS990/PYProgramServiceRevenueAmt0139073614
IRS990/PYRevenuesLessExpensesAmt02561058
IRS990/PYTotalExpensesAmt0136513505
IRS990/PYTotalRevenueAmt0139074563
IRS990/ReconcilationRevenueExpnssAmt0-2808672
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/SavingsAndTempCashInvstGrp/BOYAmt012417689
IRS990/SavingsAndTempCashInvstGrp/EOYAmt09609021
IRS990/ScheduleBRequiredInd0false
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0COMPLYING WITH THE TERMS AND CONDITIONS OF THE TRUST INSTRUMENT, IN CONJUNCTION WITH THE INTERNAL POLICIES AND PROCEDURES OF THE TRUSTEE, WHICH INCLUDES THE PREPARATION, REVIEW, AND FILING OF FORM 990 TO SATISFY THE TRUSTEE'S DUTY OF CARE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE VEBA TRUST MAKES AVAILABLE UPON REQUEST DOCUMENTS SUBMITTED WITH FORM 1024.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ROUNDING $4
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11-DESCRIPTION OF PROCESS FOR REVIEW
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1DESCRIPTION FOR MAKING DOCUMENTS PUBLIC
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2EXPLANATION FOR FORM 990, PART XI, LINE 9
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt012417689
IRS990/TotalAssetsEOYAmt09609021
IRS990/TotalAssetsGrp/BOYAmt012417689
IRS990/TotalAssetsGrp/EOYAmt09609021
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0117989122
IRS990/TotalFunctionalExpensesGrp/TotalAmt0117989122
IRS990/TotalGrossUBIAmt0424
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt012417689
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt09609021
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0117900086
IRS990/TotalProgramServiceRevenueAmt0115180026
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0115180026
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0115180450
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt0424
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt012417689
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt09609021
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TypeOfOrganizationTrustInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine102111 MCDONALDS DRIVE
IRS990/USAddress/City0OAK BROOK
IRS990/USAddress/State0IL
IRS990/USAddress/ZIPCode060523
IRS990/VotingMembersGoverningBodyCnt00
IRS990/VotingMembersIndependentCnt00
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02016-03-07 17:11:31Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JPMORGAN CHASE BANK NA
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TRUSTEE
ReturnHeader/BusinessOfficerGrp/PhoneNum06306233000
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-03-30
ReturnHeader/Filer/BusinessName/BusinessNameLine10MCDONALDS CORPORATION WELFARE BENEFIT TRUST
ReturnHeader/Filer/BusinessNameControlTxt0MCDO
ReturnHeader/Filer/EIN0363360546
ReturnHeader/Filer/PhoneNum06306233000
ReturnHeader/Filer/USAddress/AddressLine102111 MCDONALDS DRIVE
ReturnHeader/Filer/USAddress/City0OAK BROOK
ReturnHeader/Filer/USAddress/State0IL
ReturnHeader/Filer/USAddress/ZIPCode0605231928
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine10ERNST & YOUNG US LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine101100 HUNTINGTON CENTER 41 S HIGH ST
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/City0COLUMBUS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/State0OH
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCode043215
ReturnHeader/PreparerPersonGrp/PhoneNum04193216096
ReturnHeader/PreparerPersonGrp/PreparationDt02015-03-30
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0RONALD SHOEMAKER
ReturnHeader/ReturnTs02015-04-06T11:04:22-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02013-12-01
ReturnHeader/TaxPeriodEndDt02014-11-30
ReturnHeader/TaxYr02013

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$9,609,021
Liabilities
$0
Net assets
$9,609,021
Revenue
$115,180,450
Expenses
$117,989,122
Net income
-$2,808,672
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2016Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$123$138$15.0
2015Detailed filing. Detailed filing data is available for this year.$15.0$0.00$15.0$138$133$5.37
2014Detailed filing. Detailed filing data is available for this year.$9.61$0.00$9.61$115$118$2.81
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$12.4$0.00$12.4$137
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.86$0.00$9.86$126
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.3$0.00$10.3$116