Civic Intelligence

General Dynamics Land Systems Retiree Benefits Trust

990 • Fiscal year 2015 • EIN 36-7007200

Jan 01, 2015 to Dec 31, 2015 • Filed on Jul 21, 2016

Organization ProfileN/A
C/O Northern Trust 50 S Lasalle StChicago, IL 60603

(703) 876-3000

Siviq Scores

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

Liabilities / Assets

25th percentile

0.00x

Higher debt load relative to assets than 25% of similar nonprofits.

2015 filings • 501(c)9 • $100M-$250M nonprofits • Source year 2015

Liabilities / Revenue

36th percentile

0.02x

Higher debt load relative to revenue than 36% of similar nonprofits.

2015 filings • 501(c)9 • $100M-$250M nonprofits • Source year 2015

Net Margin

14th percentile

-12%

Higher net margin than 14% of similar nonprofits.

2015 filings • 501(c)9 • $100M-$250M nonprofits • Source year 2015

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2015

Asset Growth

21st percentile

-7.4%

Faster asset growth than 21% of similar nonprofits.

2015 filings • 501(c)9 • $100M-$250M nonprofits • Annualized from 2014 to 2015

Revenue Growth

13th percentile

-18%

Faster revenue growth than 13% of similar nonprofits.

2015 filings • 501(c)9 • $100M-$250M nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets25th percentile

Assets

Down

$220,136,547

Down $17,482,201 (-7.4%) from 2014

Net Assets

Down

$219,838,736

Down $17,368,769 (-7.3%) from 2014

Liabilities

Down

$297,811

Down $113,432 (-28%) from 2014

Revenue And Expenses
Liabilities / Revenue36th percentileNet Margin14th percentile

Revenue

Down

$19,216,120

Down $4,322,105 (-18%) from 2014

Expenses

Down

$21,589,329

Down $4,513,770 (-17%) from 2014

Net Income

Up

-$2,373,209

Up $191,665 (+7.5%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth21st percentile

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

$400M$300M$200M$100M$0Assets 2010: $163,196,294Liabilities 2010: $0Net Assets 2010: $163,196,2942010Assets 2011: $162,787,479Liabilities 2011: $0Net Assets 2011: $162,787,4792011Assets 2012: $188,292,169Liabilities 2012: $0Net Assets 2012: $188,292,1692012Assets 2013: $226,278,809Liabilities 2013: $0Net Assets 2013: $226,278,8092013Assets 2014: $237,618,748Liabilities 2014: $411,243Net Assets 2014: $237,207,5052014Assets 2015: $220,136,547Liabilities 2015: $297,811Net Assets 2015: $219,838,7362015Assets 2016: $209,081,914Liabilities 2016: $374,942Net Assets 2016: $208,706,9722016Assets 2017: $228,080,893Liabilities 2017: $337,109Net Assets 2017: $227,743,7842017Assets 2018: $207,519,120Liabilities 2018: $406,150Net Assets 2018: $207,112,9702018Assets 2019: $240,991,024Liabilities 2019: $430,731Net Assets 2019: $240,560,2932019Assets 2021: $303,374,892Liabilities 2021: $439,828Net Assets 2021: $302,935,0642021Assets 2022: $245,894,312Liabilities 2022: $433,879Net Assets 2022: $245,460,4332022Assets 2023: $259,750,877Liabilities 2023: $0Net Assets 2023: $259,750,8772023Assets 2024: $258,613,527Liabilities 2024: $1,652,177Net Assets 2024: $256,961,3502024

Highlighted filing

2015

Assets$220,136,547
Liabilities$297,811
Net Assets$219,838,736
Open 2015 Filing

Operations Trend

Revenue Growth13th percentile

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

$100M$50M$0-$50MExpenses 2010: $30,754,1602010Expenses 2011: $31,202,7452011Expenses 2012: $31,436,2072012Revenue 2013: $32,572,566Expenses 2013: $29,293,086Net Income 2013: $3,279,4802013Revenue 2014: $23,538,225Expenses 2014: $26,103,099Net Income 2014: -$2,564,8742014Revenue 2015: $19,216,120Expenses 2015: $21,589,329Net Income 2015: -$2,373,2092015Revenue 2016: $15,816,306Expenses 2016: $32,877,848Net Income 2016: -$17,061,5422016Revenue 2017: $16,925,728Expenses 2017: $16,938,832Net Income 2017: -$13,1042017Revenue 2018: $13,601,292Expenses 2018: $16,129,701Net Income 2018: -$2,528,4092018Revenue 2019: $15,824,854Expenses 2019: $17,563,574Net Income 2019: -$1,738,7202019Revenue 2021: $28,990,651Expenses 2021: $12,906,773Net Income 2021: $16,083,8782021Revenue 2022: $98,286,248Expenses 2022: $11,452,882Net Income 2022: $86,833,3662022Revenue 2023: $6,180,047Expenses 2023: $12,682,522Net Income 2023: -$6,502,4752023Revenue 2024: $14,269,709Expenses 2024: $14,305,317Net Income 2024: -$35,6082024

Highlighted filing

2015

Revenue$19,216,120
Expenses$21,589,329
Net Income-$2,373,209
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Jul 21, 2016
Return Version
2015v2.1
Gross Receipts
$47,141,903
Mission and Program Overview

Mission

Providing employee welfare benefits.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cap Stk Tr Prin Current Funds$237,207,505$219,838,736▼ $17,368,769
Investments in Publicly Traded Securities$237,259,986$219,457,566▼ $17,802,420
Savings and Temporary Cash Investments$358,762$678,981▲ $320,219
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
Land, Buildings, and Equipment, Net$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$237,618,748$220,136,547▼ $17,482,201
Other Assets Total$0$0→ $0
Liabilities
Other Liabilities$411,243$297,811▼ $113,432
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
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$411,243$297,811▼ $113,432
Net Assets / Fund Balance
Total Net Assets Fund Balance$237,207,505$219,838,736▼ $17,368,769
Total Liabilities and Net Assets / Fund Balance$237,618,748$220,136,547▼ $17,482,201
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleBaseTotal
The Northern Trust CompanyTrustee$92,750$92,750
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$3,911
Investment Income
$18,573,713
Other Revenue
$638,496
Change in Net Assets
$-2,373,209
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$14,646,009
Salaries, Compensation, and Employee Benefits$92,750
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Benefits to Members---$6,850,570
Current Officers, Directors, Trustees, and Key Employees---$92,750
Fees for Services Accounting---$85,026
Fees for Service Investment Mgmnt Fees---$4,064
Other Expenses---$947
Total Functional Expenses$0$0$0$21,589,329
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
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Pending Trades$297,811
Governance and Compliance

Governance Checklist

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

Governance Explanations

Form 990, Part VI, Section A, Line 8

“MEETINGS HELD AND ACTIONS UNDERTAKEN BY GOVERNING BODY Northern Trust Company is the institutional trustee of this Voluntary Employees' Beneficiary Association under 501(c)(9) formed to fund certain welfare benefits of current and former employees of General Dynamics. There are no meetings of the governing body or committees to document. Part VI, Section B, Line, 12-15 These questions are not applicable to the trust. Additionally, the trust does not have any employees, therefore, no processes related to employee compensation are in place.”

Form 990, Part VI, Section B, Line 11A

“REVIEW OF FORM 990 An accounting firm prepares form 990 from data provided by trustee Northern Trust Company. The return is reviewed by human capital processes group at General Dynamics. The return is sent to the trustee before filing for signature.”

Form 990, Part VI, Line 19

“AVAILABILITY OF DOCUMENTS TO THE PUBLIC As a 501(c)(9) organization, the Trust is not required to make the documents referenced in question 19 available to the general public. FORM 990, PART VII, SECTION A, lINE 1, COL B Average hours per week devoted to position As Trustee, Northern Trust provides administrative services such as acting as investment manager for 'GENERAL DYNAMICS LAND SYSTEMS RETIREE BENEFITS TRUST'. These services require numerous individual bank employees' involvement in the activities of the organization and thus cannot be quantified on an hourly basis, but are calculated based upon factors such as the market value of the account and in accordance with the Northern Trust's agreement with 'GENERAL DYNAMICS'.”

Filing and Contact Details

Filer

Filer Name
General Dynamics Land Systems
EIN
36-7007200
In Care Of
% NORTHERN TRUST CO
Phone
7038763000
Address
C/O NORTHERN TRUST 50 S LASALLE ST, CHICAGO, IL 60603

Signing Officer

Name
Tammi a Kozlowski
Title
Vice President
Phone
3125572840
Signed
2016-07-21
Discuss with paid preparer
Yes

Organization Details

Principal Officer
John Ohrnberger
Formed
1992
Legal Domicile
Wi
Voting Board Members
1
Independent Board Members
0
Employees
0
Volunteers
0

Preparer

Firm
Ernst & Young US Llp
Address
111 MONUMENT CIRCLE STE 4000, INDIANAPOLIS, IN 46204
Preparer
Janice K Martin
Phone
3176817000
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 1

“ACCOUNTING METHOD Modified Cash.”

Raw XML Appendix360 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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0MEETINGS HELD AND ACTIONS UNDERTAKEN BY GOVERNING BODY Northern Trust Company is the institutional trustee of this Voluntary Employees' Beneficiary Association under 501(c)(9) formed to fund certain welfare benefits of current and former employees of General Dynamics. There are no meetings of the governing body or committees to document. Part VI, Section B, Line, 12-15 These questions are not applicable to the trust. Additionally, the trust does not have any employees, therefore, no processes related to employee compensation are in place.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1REVIEW OF FORM 990 An accounting firm prepares form 990 from data provided by trustee Northern Trust Company. The return is reviewed by human capital processes group at General Dynamics. The return is sent to the trustee before filing for signature.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2AVAILABILITY OF DOCUMENTS TO THE PUBLIC As a 501(c)(9) organization, the Trust is not required to make the documents referenced in question 19 available to the general public. FORM 990, PART VII, SECTION A, lINE 1, COL B Average hours per week devoted to position As Trustee, Northern Trust provides administrative services such as acting as investment manager for 'GENERAL DYNAMICS LAND SYSTEMS RETIREE BENEFITS TRUST'. These services require numerous individual bank employees' involvement in the activities of the organization and thus cannot be quantified on an hourly basis, but are calculated based upon factors such as the market value of the account and in accordance with the Northern Trust's agreement with 'GENERAL DYNAMICS'.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ACCOUNTING METHOD Modified Cash.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 8
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART XII, LINE 1
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingEntityName/BusinessNameLine1Txt0NA
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EIN0131673581
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt0C CORP
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd0DE
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt0TECHNOLOGY
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt0GENERAL DYNAMICS
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/AddressLine1Txt02941 FAIRVIEW PARK DRIVE SUITE 100
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/CityNm0FALLS CHURCH
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/StateAbbreviationCd0VA
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/ZIPCd022042
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0false
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0false
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0true
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0false
IRS990ScheduleR/TransferFromOtherOrgInd0false
IRS990ScheduleR/TransferToOtherOrgInd0false
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondLiabilitiesGrp/BOYAmt00
IRS990/TaxExemptBondLiabilitiesGrp/EOYAmt00
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0237618748
IRS990/TotalAssetsEOYAmt0220136547
IRS990/TotalAssetsGrp/BOYAmt0237618748
IRS990/TotalAssetsGrp/EOYAmt0220136547
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt021589329
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0411243
IRS990/TotalLiabilitiesEOYAmt0297811
IRS990/TotalLiabilitiesGrp/BOYAmt0411243
IRS990/TotalLiabilitiesGrp/EOYAmt0297811
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0237207505
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0219838736
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceRevenueAmt03911
IRS990/TotalReportableCompFromOrgAmt092750
IRS990/TotalRevenueGrp/ExclusionAmt018573713
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0642407
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt019216120
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0237618748
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0220136547
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/TotalAmt00
IRS990/TypeOfOrganizationTrustInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt00
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt02941 FAIRVIEW PARK DRIVE 100
IRS990/USAddress/CityNm0FALLS CHURCH
IRS990/USAddress/StateAbbreviationCd0VA
IRS990/USAddress/ZIPCd022042
IRS990/VotingMembersGoverningBodyCnt01
IRS990/VotingMembersIndependentCnt00
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0TAMMI A KOZLOWSKI
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Vice President
ReturnHeader/BusinessOfficerGrp/PhoneNum03125572840
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-07-21
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0GENERAL DYNAMICS LAND SYSTEMS
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0RETIREE BENEFITS TRUST
ReturnHeader/Filer/BusinessNameControlTxt0GENE
ReturnHeader/Filer/EIN0367007200
ReturnHeader/Filer/InCareOfNm0% NORTHERN TRUST CO
ReturnHeader/Filer/PhoneNum07038763000
ReturnHeader/Filer/USAddress/AddressLine1Txt0C/O NORTHERN TRUST 50 S LASALLE ST
ReturnHeader/Filer/USAddress/CityNm0CHICAGO
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IL
ReturnHeader/Filer/USAddress/ZIPCd060603
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0ERNST & YOUNG US LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0111 MONUMENT CIRCLE STE 4000
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0INDIANAPOLIS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd046204
ReturnHeader/PreparerPersonGrp/PhoneNum03176817000
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JANICE K MARTIN
ReturnHeader/ReturnTs02016-10-10T15:16:45-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-01-01
ReturnHeader/TaxPeriodEndDt02015-12-31
ReturnHeader/TaxYr02015

Document Assets

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Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$220,136,547
Liabilities
$297,811
Net assets
$219,838,736
Revenue
$19,216,120
Expenses
$21,589,329
Net income
-$2,373,209
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$259$1.65$257$14.3$14.3$0.04
2023Detailed filing. Detailed filing data is available for this year.$260$0.00$260$6.18$12.7$6.50
2022Detailed filing. Detailed filing data is available for this year.$246$0.43$245$98.3$11.5$86.8
2021Detailed filing. Detailed filing data is available for this year.$303$0.44$303$29.0$12.9$16.1
2019Detailed filing. Detailed filing data is available for this year.$241$0.43$241$15.8$17.6$1.74
2018Detailed filing. Detailed filing data is available for this year.$208$0.41$207$13.6$16.1$2.53
2017Detailed filing. Detailed filing data is available for this year.$228$0.34$228$16.9$16.9$0.01
2016Detailed filing. Detailed filing data is available for this year.$209$0.37$209$15.8$32.9$17.1
2015Detailed filing. Detailed filing data is available for this year.$220$0.30$220$19.2$21.6$2.37
2014Detailed filing. Detailed filing data is available for this year.$238$0.41$237$23.5$26.1$2.56
2013Detailed filing. Detailed filing data is available for this year.$226$0.00$226$32.6$29.3$3.28
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$188$0.00$188$31.4
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$163$0.00$163$31.2
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$163$0.00$163$30.8