Civic Intelligence

Mcdonalds Corp Welfare Benefit Tr

EIN 36-3360546 • 501(c)9 • Oak Brook, IL

Profile

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.

2111 Mcdonalds DriveOak Brook, IL 60523-1928

n/A

Siviq Scores

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

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on the latest valid filing.

Source year 2016

Liabilities / Revenue

19th percentile

0.00x

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

501(c)9 • $100M-$250M nonprofits • Source year 2016

Net Margin

12th percentile

-12%

Higher net margin than 12% of similar nonprofits.

501(c)9 • $100M-$250M nonprofits • Source year 2016

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.

501(c)9 • $100M-$250M nonprofits • Source year 2016

Asset Growth

4th percentile

-100%

Faster asset growth than 4% of similar nonprofits.

501(c)9 • $100M-$250M nonprofits • Annualized from 2015 to 2016

Revenue Growth

11th percentile

-11%

Faster revenue growth than 11% of similar nonprofits.

501(c)9 • $100M-$250M nonprofits • Annualized from 2015 to 2016

Assets

Down

$0

Down $14,978,696 (-100%) from 2015

Liabilities

Flat

$0

Flat from 2015

Net Assets

Down

$0

Down $14,978,696 (-100%) from 2015

Revenue

Down

$122,883,081

Down $15,220,615 (-11%) from 2015

Expenses

Up

$137,861,775

Up $5,127,756 (+3.9%) from 2015

Net Income

Down

-$14,978,694

Down $20,348,371 (-379%) from 2015

Trend Graphs

Balance Sheet Trend

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

$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

2016

Assets$0
Liabilities$0
Net Assets$0

Operations Trend

Revenue, expenses, and net income by year, with the latest 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

2016

Revenue$122,883,081
Expenses$137,861,775
Net Income-$14,978,694

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Dec 1, 2015 to Nov 30, 2016
Signed
Apr 11, 2017
Return Version
2015v3.0
Gross Receipts
$122,883,081
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$14,978,696--
Cap Stk Tr Prin Current Funds$14,978,696--
Rtn Earn Endowment Incm Other Fnds-$0-
Total Assets$14,978,696$0▼ $14,978,696
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$14,978,696$0▼ $14,978,696
Total Liabilities and Net Assets / Fund Balance$14,978,696$0▼ $14,978,696
Compensation and Service Providers

Board Members and Trustees

NameTitle
-Trustee
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$122,873,483
Investment Income
$9,598
Other Revenue
$0
Change in Net Assets
$-14,978,694
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$100,544,751
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
All Other Expenses$100,540,887--$100,540,887
Benefits to Members$37,317,024--$37,317,024
Fees for Service Investment Mgmnt Fees$3,361--$3,361
Fees for Services Accounting$500--$500
Interest$3--$3
Total Functional Expenses$137,861,775$0$0$137,861,775
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

Filer Name
Mcdonalds Corp Welfare Benefit Tr
EIN
36-3360546
Phone
6306233000
Address
2111 MCDONALDS DRIVE, OAK BROOK, IL 60523-1928

Signing Officer

Name
Jpmorgan Chase Bank Na
Title
Trustee
Phone
6306233000
Signed
2017-04-11
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

Firm
Ernst & Young US Llp
Address
800 YARD ST SUITE 200, GRANDVIEW HEIGHTS, OH 43212
Preparer
Joseph B Hull
Phone
6142327290
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: $-2

Raw XML Appendix236 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/AllOtherExpensesGrp/ProgramServicesAmt0100540887
IRS990/AllOtherExpensesGrp/TotalAmt0100540887
IRS990/AuditCommitteeInd0true
IRS990/BenefitsToMembersGrp/ProgramServicesAmt037317024
IRS990/BenefitsToMembersGrp/TotalAmt037317024
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0MCDONALD'S CORPORATION
IRS990/BooksInCareOfDetail/PhoneNum06306233000
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt02111 MCDONALDS DRIVE
IRS990/BooksInCareOfDetail/USAddress/CityNm0OAK BROOK
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0IL
IRS990/BooksInCareOfDetail/USAddress/ZIPCd0605231928
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOfficerEntInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CapStkTrPrinCurrentFundsGrp/BOYAmt014978696
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0false
IRS990/CompensationProcessOtherInd0false
IRS990/ConflictOfInterestPolicyInd0false
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/ContractTerminationInd0X
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt037317024
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt09598
IRS990/CYOtherExpensesAmt0100544751
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt0122873483
IRS990/CYRevenuesLessExpensesAmt0-14978694
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt0137861775
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0122883081
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/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/ProgramServicesAmt0500
IRS990/FeesForServicesAccountingGrp/TotalAmt0500
IRS990/FeesForSrvcInvstMgmntFeesGrp/ProgramServicesAmt03361
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt03361
IRS990/FinalReturnInd0X
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form990PartVIISectionAGrp/BusinessName/BusinessNameLine1Txt0JPMORGAN 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/GrossReceiptsAmt0122883081
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt00
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InterestGrp/ProgramServicesAmt03
IRS990/InterestGrp/TotalAmt03
IRS990/InvestmentIncomeGrp/ExclusionAmt09598
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt09598
IRS990/InvestmentIncomeGrp/UnrelatedBusinessRevenueAmt00
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/NetAssetsOrFundBalancesBOYAmt014978696
IRS990/NetAssetsOrFundBalancesEOYAmt00
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt0-2
IRS990/OtherExpensesGrp/Desc0PLAN EXPENSES
IRS990/PartialLiquidationInd0true
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0RICH FLOERSCH
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/Desc0EMPLOYER CONTS & CLAIM REFUNDS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0122873483
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0122873483
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYBenefitsPaidToMembersAmt0132730919
IRS990/PYInvestmentIncomeAmt0665
IRS990/PYOtherExpensesAmt03100
IRS990/PYProgramServiceRevenueAmt0138103031
IRS990/PYRevenuesLessExpensesAmt05369677
IRS990/PYTotalExpensesAmt0132734019
IRS990/PYTotalRevenueAmt0138103696
IRS990/ReconcilationRevenueExpnssAmt0-14978694
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt014978696
IRS990/ScheduleBRequiredInd0false
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleN/AssetsDistributedInd0true
IRS990ScheduleN/BondsOutstandingInd0false
IRS990ScheduleN/DirectorOfSuccessorInd0false
IRS990ScheduleN/DispositionOfAssetsDetail/AssetsDistriOrExpnssPaidDesc0THERE WERE NO ASSETS TO DISTRIBUTE
IRS990ScheduleN/DispositionOfAssetsDetail/PersonNm0NONE
IRS990ScheduleN/EmployeeOfSuccessorInd0false
IRS990ScheduleN/LiabilitiesPaidInd0true
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/AssetsDistriOrExpnssPaidDesc0THERE WERE NO ASSETS TO DISTRIBUTE
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/PersonNm0NONE
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/PersonNm1NONE
IRS990ScheduleN/OwnerOfSuccessorInd0false
IRS990ScheduleN/ReceiveCompensationInd0false
IRS990ScheduleN/RequiredToNotifyAGInd0false
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: $-2
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/TerminateOperationsInd0true
IRS990/TotalAssetsBOYAmt014978696
IRS990/TotalAssetsEOYAmt00
IRS990/TotalAssetsGrp/BOYAmt014978696
IRS990/TotalAssetsGrp/EOYAmt00
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0137861775
IRS990/TotalFunctionalExpensesGrp/TotalAmt0137861775
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt014978696
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt00
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceRevenueAmt0122873483
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt09598
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0122873483
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0122883081
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt014978696
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt00
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TypeOfOrganizationTrustInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt02111 MCDONALDS DRIVE
IRS990/USAddress/CityNm0OAK BROOK
IRS990/USAddress/StateAbbreviationCd0IL
IRS990/USAddress/ZIPCd060523
IRS990/VotingMembersGoverningBodyCnt00
IRS990/VotingMembersIndependentCnt00
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JPMORGAN CHASE BANK NA
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TRUSTEE
ReturnHeader/BusinessOfficerGrp/PhoneNum06306233000
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-04-11
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MCDONALDS CORP WELFARE BENEFIT TR
ReturnHeader/Filer/BusinessNameControlTxt0MCDO
ReturnHeader/Filer/EIN0363360546
ReturnHeader/Filer/PhoneNum06306233000
ReturnHeader/Filer/USAddress/AddressLine1Txt02111 MCDONALDS DRIVE
ReturnHeader/Filer/USAddress/CityNm0OAK BROOK
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IL
ReturnHeader/Filer/USAddress/ZIPCd0605231928
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0346565596
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0ERNST & YOUNG US LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0800 YARD ST SUITE 200
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0GRANDVIEW HEIGHTS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0OH
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd043212
ReturnHeader/PreparerPersonGrp/PhoneNum06142327290
ReturnHeader/PreparerPersonGrp/PreparationDt02017-04-11
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JOSEPH B HULL
ReturnHeader/ReturnTs02017-04-11T13:04:30-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-12-01
ReturnHeader/TaxPeriodEndDt02016-11-30
ReturnHeader/TaxYr02015

Document Assets

No mirrored PDF or thumbnail assets are attached yet.