Civic Intelligence

Ww Grainger Inc Group Benefit Trust III

EIN 36-3857321 • 501(c)9 • Lake Forest, IL

Profile

The objective and overall long-term goal of this irc section 501(c)(9) organization is to provide long-term disability and optional life insurance benefits to participating employees. Approximately 11,000 employees participate in this program.

100 Grainger ParkwayLake Forest, IL 60045-5201

n/A

Siviq Scores

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

Liabilities / Assets

29th percentile

0.00x

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

501(c)9 • $5M-$10M nonprofits • Source year 2022

Liabilities / Revenue

35th percentile

0.00x

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

501(c)9 • $5M-$10M nonprofits • Source year 2022

Net Margin

14th percentile

-17%

Higher net margin than 14% of similar nonprofits.

501(c)9 • $5M-$10M nonprofits • Source year 2022

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

13th percentile

-37%

Faster asset growth than 13% of similar nonprofits.

501(c)9 • $5M-$10M nonprofits • Annualized from 2021 to 2022

Revenue Growth

63rd percentile

9.8%

Faster revenue growth than 63% of similar nonprofits.

501(c)9 • $5M-$10M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets29th percentile

Assets

Down

$0

Down $1,744,485 (-100%) from 2022

Liabilities

Flat

$0

Flat from 2022

Net Assets

Down

$0

Down $1,744,485 (-100%) from 2022

Operations
Liabilities / Revenue35th percentileNet Margin14th percentile

Revenue

Up

$6,356,912

Up $551,596 (+9.5%) from 2022

Expenses

Up

$7,551,270

Up $730,523 (+11%) from 2022

Net Income

Down

-$1,194,358

Down $178,927 (-18%) from 2022

Trend Graphs

Balance Sheet Trend

Asset Growth13th percentile

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2020: $3,524,614Liabilities 2020: $0Net Assets 2020: $3,524,6142020Assets 2021: $2,759,916Liabilities 2021: $0Net Assets 2021: $2,759,9162021Assets 2022: $1,744,485Liabilities 2022: $0Net Assets 2022: $1,744,4852022Assets 2023: $0Liabilities 2023: $0Net Assets 2023: $02023

Highlighted filing

2023

Assets$0
Liabilities$0
Net Assets$0
Open 2023 Filing

Operations Trend

Revenue Growth63rd percentile

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

$10M$5.0M$0-$5.0MRevenue 2020: $5,780,542Expenses 2020: $5,878,092Net Income 2020: -$97,5502020Revenue 2021: $5,286,239Expenses 2021: $6,050,937Net Income 2021: -$764,6982021Revenue 2022: $5,805,316Expenses 2022: $6,820,747Net Income 2022: -$1,015,4312022Revenue 2023: $6,356,912Expenses 2023: $7,551,270Net Income 2023: -$1,194,3582023

Highlighted filing

2023

Revenue$6,356,912
Expenses$7,551,270
Net Income-$1,194,358
Open 2023 Filing

Filings

Most recent year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$0
Liabilities
$0
Net assets
$0
Revenue
$6,356,912
Expenses
$7,551,270
Net income
-$1,194,358
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$6.36$7.55$1.19
2022Detailed filing. Detailed filing data is available for this year.$1.74$0.00$1.74$5.81$6.82$1.02
2021Detailed filing. Detailed filing data is available for this year.$2.76$0.00$2.76$5.29$6.05$0.76
2020Detailed filing. Detailed filing data is available for this year.$3.52$0.00$3.52$5.78$5.88$0.10
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 7, 2024
Return Version
2023v5.1
Gross Receipts
$6,356,912
Mission and Program Overview

Mission

The objective and overall long-term goal of this irc section 501(c)(9) organization is to provide long-term disability and optional life insurance benefits to participating employees. Approximately 7,400 employees participate in this program.

Provide ltd and optional life benefits to participants

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$1,744,485$0▼ $1,744,485
Cap Stk Tr Prin Current Funds$1,744,485$0▼ $1,744,485
Cash and Non-Interest-Bearing Accounts$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$1,744,485$0▼ $1,744,485
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$1,744,485$0▼ $1,744,485
Total Liabilities and Net Assets / Fund Balance$1,744,485$0▼ $1,744,485
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleOtherTotal
Scott LupienTrustee$13,500$13,500

Board Members and Trustees

NameTitle
Arif AhmedTrustee
Jay FeeceTrustee
Laurie ThomsonTrustee
Lisa ThompsonTrustee
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$6,324,823
Investment Income
$32,089
Other Revenue
$0
Change in Net Assets
$-1,194,358
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$7,551,270
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
Other Expenses---$7,551,270
Total Functional Expenses$0$0$0$7,551,270
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
Audit committee
Yes
Backup withholding compliance
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
No
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

FORM 990, PART VI, LINE 2:

“Each trustee disclosed on part vii has a business relationsip with the other trustees.”

FORM 990, PART VI, LINE 19:

“The organization does not make its governing documents available to the public.”

Filing and Contact Details

Filer

Filer Name
Ww Grainger Inc Group Benefit Trust Iii
EIN
36-3857321
In Care Of
% WW GRAINGER INC
Phone
8475351096
Address
100 GRAINGER PARKWAY, LAKE FOREST, IL 60045-5201

Signing Officer

Name
Jay Feece
Title
VP, Glb. Tot Rewards
Phone
8475351096
Signed
2024-11-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jay Feece
Formed
1981
Legal Domicile
Il
Voting Board Members
4
Independent Board Members
0
Employees
0
Volunteers
0

Preparer

Firm
Pwc US Tax Llp
Address
2001 MARKET ST SUITE 1800, PHILADELPHIA, PA 19103
Preparer
Erica R Mcreynolds
Phone
2673303000
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

“Other changes in net assets or fund balances transfer for distribution to beneficiaries -550,127”

FORM 990, PART XII, LINE 2C:

“The organization did not have a change in its oversight and selection process in 2023.”

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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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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0LISA THOMPSON
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1LAURIE THOMSON
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm2JAY FEECE
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm3ARIF AHMED
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0TRUSTEE
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt2TRUSTEE
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt3TRUSTEE
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IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0PERFORMANCE SHARE UNITS (PSU) AND RESTRICTED STOCK UNITS (RSU) GRANTED DURING 2023 TAX YEAR: EMPLOYEE NAME PSU FMV RSU FMV TOTAL (1) AT GRANT (2) AT GRANT FMV DATE DATE ARIF AHMED 94 64,748 94 64,748 129,496 JAY FEECE 166 114,342 457 314,786 429,128 LISA THOMPSON - - 45 30,996 30,996 LAURIE THOMSON 166 114,342 166 114,342 228,684 SCOTT LUPIEN - - 71 50,704 50,704 -------- -------- --------- TOTALS $293,432 $575,576 $869,008 (1) - PERFORMANCE SHARE UNITS ARE GRANTED WITH A 3 YEAR CLIFF VESTING PERIOD. THE NUMBER OF SHARES AWARDED ON BASED ON PERFORMANCE METRICS. (2) - RESTRICTED STOCK UNITS ARE GRANTED WITH A 3 YEAR GRADED VESTING PERIOD. ONE THIRD OF THE TOTAL AWARD WILL VEST EACH YEAR FOR THE NEXT THREE YEARS. IF THE GRANTEE IS RETIREMENT ELIGIBLE, AND DEPENDING ON THE SPECIFIC GRANT AGREEMENT, THE AWARD WILL EITHER CONTINUE TO VEST ACCORDING TO THE VESTING SCHEDULE OR UNVESTED SHARES WILL BE FORFEITED AT THE TIME OF EMPLOYMENT TERMINATION.
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0PART 1, LINE 4C:
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0true
IRS990ScheduleN/AssetsDistributedInd0true
IRS990ScheduleN/AttorneyGeneralNotifiedInd0true
IRS990ScheduleN/BondLiabilitiesDischargedInd0false
IRS990ScheduleN/BondsOutstandingInd0false
IRS990ScheduleN/DirectorOfSuccessorInd0false
IRS990ScheduleN/EmployeeOfSuccessorInd0false
IRS990ScheduleN/LiabilitiesPaidInd0true
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/AssetsDistriOrExpnssPaidDesc0NET ASSETS TO BENEFICIARIES
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/DistributionDt02020-12-31
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/EIN0361150280
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/FairMarketValueOfAssetAmt0550127
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/IRCSectionTxt0CORPORATION
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/MethodOfFMVDeterminationTxt0BOOK VALUE
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/PersonNm0WW GRAINGER INC
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/AddressLine1Txt0100 GRAINGER PKWY
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/CityNm0LAKE FOREST
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/StateAbbreviationCd0IL
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/ZIPCd0600455201
IRS990ScheduleN/OwnerOfSuccessorInd0false
IRS990ScheduleN/ReceiveCompensationInd0false
IRS990ScheduleN/RequiredToNotifyAGInd0true
IRS990ScheduleN/SupplementalInformationDetail/ExplanationTxt0W.W. GRAINGER, INC. SERVED AS AN ADMINISTRATIVE AGENT FOR THE VEBA IN WRAPPING UP OPERATIONS, BUT THE FUNDS STILL WERE DISTRIBUTED TO THE BENEFICIARIES PURSUANT TO THE ORIGINAL PURPOSE OF THE FUNDS.
IRS990ScheduleN/SupplementalInformationDetail/ExplanationTxt1LAURIE THOMSON, JAY FEECE, ARIF AHMED, LISA THOMPSON, AND SCOTT LUPIEN SERVED AS TRUSTEES OF BOTH W.W. GRAINGER, INC. GROUP BENEFIT TRUST III AND AFFINITY W.W. GRAINGER, INC. GROUP BENEFIT TRUST II AT THE TIME OF DISSOLUTION AND TRANSFER.
IRS990ScheduleN/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE N, PART II, LINE 1
IRS990ScheduleN/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE N, PART II, LINE 2A
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EACH TRUSTEE DISCLOSED ON PART VII HAS A BUSINESS RELATIONSIP WITH THE OTHER TRUSTEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION DOES NOT MAKE ITS GOVERNING DOCUMENTS AVAILABLE TO THE PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2OTHER CHANGES IN NET ASSETS OR FUND BALANCES TRANSFER FOR DISTRIBUTION TO BENEFICIARIES -550,127
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION DID NOT HAVE A CHANGE IN ITS OVERSIGHT AND SELECTION PROCESS IN 2023.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, LINE 2:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, LINE 19:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART XI, LINE 9:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART XII, LINE 2C:
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IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EIN0361150280
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0WW GRAINGER INC GROUP BENEFIT TR II
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0366929610
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