Civic Intelligence

Discover Financial Services Welfare Benefits Tr

EIN 37-6517664 • 501(c)9 • Riverwoods, IL

Profile

The mission is to fund retirees' health and welfare benefits.

2500 Lake Cook RoadRiverwoods, IL 60015
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 2021

Liabilities / Revenue

80th percentile

0.00x

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

501(c)9 • <$500k nonprofits • Source year 2021

Net Margin

24th percentile

-519%

Higher net margin than 24% of similar nonprofits.

501(c)9 • <$500k nonprofits • Source year 2021

Top Officer Pay

75th percentile

$0

Higher top officer pay than 75% of similar nonprofits.

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

501(c)9 • <$500k nonprofits • Source year 2021

Asset Growth

46th percentile

-100%

Faster asset growth than 46% of similar nonprofits.

501(c)9 • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

27th percentile

-92%

Faster revenue growth than 27% of similar nonprofits.

501(c)9 • <$500k nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / AssetsScore unavailable

Assets

Down

$0

Down $449,284 (-100%) from 2020

Liabilities

Flat

$0

Flat from 2020

Net Assets

Down

$0

Down $449,284 (-100%) from 2020

Operations
Liabilities / Revenue80th percentileNet Margin24th percentile

Revenue

Down

$86,542

Down $1,027,828 (-92%) from 2020

Expenses

Down

$535,826

Down $168,627 (-24%) from 2020

Net Income

Down

-$449,284

Down $859,201 (-210%) from 2020

Trend Graphs

Balance Sheet Trend

Asset Growth46th percentile

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

$600K$400K$200K$0Assets 2012: $94,082Liabilities 2012: $0Net Assets 2012: $94,0822012Assets 2013: $93,899Liabilities 2013: $0Net Assets 2013: $93,8992013Assets 2014: $54,281Liabilities 2014: $0Net Assets 2014: $54,2812014Assets 2015: $89,539Liabilities 2015: $0Net Assets 2015: $89,5392015Assets 2016: $36,716Liabilities 2016: $0Net Assets 2016: $36,7162016Assets 2017: $95,147Liabilities 2017: $0Net Assets 2017: $95,1472017Assets 2018: $163,303Liabilities 2018: $0Net Assets 2018: $163,3032018Assets 2019: $39,367Liabilities 2019: $0Net Assets 2019: $39,3672019Assets 2020: $449,284Liabilities 2020: $0Net Assets 2020: $449,2842020Assets 2021: $0Liabilities 2021: $0Net Assets 2021: $02021

Highlighted filing

2021

Assets$0
Liabilities$0
Net Assets$0
Open 2021 Filing

Operations Trend

Revenue Growth27th percentile

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2012: $1,674,429Expenses 2012: $1,635,469Net Income 2012: $38,9602012Revenue 2013: $1,275,787Expenses 2013: $1,275,971Net Income 2013: -$1842013Revenue 2014: $1,039,782Expenses 2014: $1,079,399Net Income 2014: -$39,6172014Revenue 2015: $1,296,221Expenses 2015: $1,260,963Net Income 2015: $35,2582015Revenue 2016: $1,291,312Expenses 2016: $1,344,136Net Income 2016: -$52,8242016Revenue 2017: $1,751,026Expenses 2017: $1,692,595Net Income 2017: $58,4312017Revenue 2018: $2,030,469Expenses 2018: $1,962,313Net Income 2018: $68,1562018Revenue 2019: $1,197,091Expenses 2019: $1,321,027Net Income 2019: -$123,9362019Revenue 2020: $1,114,370Expenses 2020: $704,453Net Income 2020: $409,9172020Revenue 2021: $86,542Expenses 2021: $535,826Net Income 2021: -$449,2842021

Highlighted filing

2021

Revenue$86,542
Expenses$535,826
Net Income-$449,284
Open 2021 Filing

Filings

Most recent year

2021 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$0
Liabilities
$0
Net assets
$0
Revenue
$86,542
Expenses
$535,826
Net income
-$449,284
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.00$0.00$0.00$0.09$0.54$0.45
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.45$0.00$0.45$1.11$0.70$0.41
2019Summary only. Only limited summary data is available for this year.$0.04$0.00$0.04$1.20$1.32$0.12
2018Summary only. Only limited summary data is available for this year.$0.16$0.00$0.16$2.03$1.96$0.07
2017Summary only. Only limited summary data is available for this year.$0.10$0.00$0.10$1.75$1.69$0.06
2016Summary only. Only limited summary data is available for this year.$0.04$0.00$0.04$1.29$1.34$0.05
2015Summary only. Only limited summary data is available for this year.$0.09$0.00$0.09$1.30$1.26$0.04
2014Summary only. Only limited summary data is available for this year.$0.05$0.00$0.05$1.04$1.08$0.04
2013Summary only. Only limited summary data is available for this year.$0.09$0.00$0.09$1.28$1.28$0.00
2012Summary only. Only limited summary data is available for this year.$0.09$0.00$0.09$1.67$1.64$0.04
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Nov 7, 2022
Return Version
2021v4.0
Gross Receipts
$86,542
Mission and Program Overview

Mission

The mission is to fund retirees' health and welfare benefits.

The mission is to fund retirees' health and welfare costs.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$449,284--
Rtn Earn Endowment Incm Other Fnds$449,284$0▼ $449,284
Savings and Temporary Cash Investments-$0-
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$449,284$0▼ $449,284
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$449,284$0▼ $449,284
Total Liabilities and Net Assets / Fund Balance$449,284$0▼ $449,284
Compensation and Service Providers
Top Officer Pay75th percentile

Board Members and Trustees

NameTitle
Tim SchmidtSVP & Treasurer
Shifra KolskySVP, Controller and CAO
Erin StieberSVP, Corporate Finance
Lisa WeisglassVP, Corporate Tax
Lisa ChungVP, Employee Rewards & HR Services
Revenue and Support

Revenue Composition

Contributions and Grants
$86,418
Program Service Revenue
$0
Investment Income
$124
Other Revenue
$0
All Other Contributions
$86,418
Change in Net Assets
$-449,284
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$13,075
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$522,751--$522,751
Other Expenses$13,075$0$0$13,075
Total Functional Expenses$535,826$0$0$535,826
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
Governance and Compliance

Governance Checklist

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

Governance Explanations

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

“The Employee Benefits Committee delegates review of the Form 990 to the Human Resources Department and to the Tax Department of Discover Financial Services. The Human Resources Department thoroughly reviews the annual Trust Audited Statement and completes the Form 990. A second review is then completed by the Tax Department.”

Form 990, Part VI, Section C, Line 18

“No documents are available to the public. Documents are available upon request.”

Form 990, Part VI, Section C, Line 19

“No documents are available to the public. Documents are available upon request.”

Filing and Contact Details

Filer

Filer Name
Discover Financial Services Welfare Benefits Tr
EIN
37-6517664
Phone
2244050900
Address
2500 Lake Cook Road, Riverwoods, IL 60015

Signing Officer

Name
Amy Kiley
Title
Director, Tax
Phone
2244051154
Signed
2022-11-07

Organization Details

Principal Officer
Amy Hess
Formed
2011
Legal Domicile
Il
Voting Board Members
1
Independent Board Members
0
Employees
0
Volunteers
0
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 3

“The organization (the retiree welfare benefits trust) was closed effective December 6, 2021 and the organization's trust assets as of December 6, 2021 were transferred to the Discover Financial Services Welfare Benefits Plan (EIN 36-2517428/Plan # 501) in the amount of $523,670.31. The Discover Financial Services Welfare Benefits Plan was terminated effective December 31, 2020; however, the organization (the retiree welfare benefits trust) remained open in 2021 in order to allow any retiree health claims expense (incurred in 2020 but paid in 2021) to be paid through the organization/the trust.”

Raw XML Appendix322 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/AccountantCompileOrReviewInd00
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0The mission is to fund retirees' health and welfare costs.
IRS990/AllOtherContributionsAmt086418
IRS990/BenefitsToMembersGrp/ProgramServicesAmt0522751
IRS990/BenefitsToMembersGrp/TotalAmt0522751
IRS990/BooksInCareOfDetail/PersonNm0Amy Hess
IRS990/BooksInCareOfDetail/PhoneNum02244054127
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt02500 Lake Cook Road
IRS990/BooksInCareOfDetail/USAddress/CityNm0Riverwoods
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0IL
IRS990/BooksInCareOfDetail/USAddress/ZIPCd060015
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CapStkTrPrinCurrentFundsGrp/BOYAmt00
IRS990/CapStkTrPrinCurrentFundsGrp/EOYAmt00
IRS990/CashNonInterestBearingGrp/BOYAmt0449284
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConflictOfInterestPolicyInd00
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/ContractTerminationInd0X
IRS990/ContriRptFundraisingEventAmt00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt0522751
IRS990/CYContributionsGrantsAmt086418
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt0124
IRS990/CYOtherExpensesAmt013075
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt0-449284
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt0535826
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt086542
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/Desc0-
IRS990/DescribedInSection501c3Ind00
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd01
IRS990/DonatedServicesAndUseFcltsAmt00
IRS990/DonorAdvisedFundInd00
IRS990/DonorRstrOrQuasiEndowmentsInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt00
IRS990/ExpenseAmt0535826
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FederatedCampaignsAmt00
IRS990/FinalReturnInd0X
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt00.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt10.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt20.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt30.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt40.0
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd4X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/PersonNm0Lisa Chung
IRS990/Form990PartVIISectionAGrp/PersonNm1Erin Stieber
IRS990/Form990PartVIISectionAGrp/PersonNm2Shifra Kolsky
IRS990/Form990PartVIISectionAGrp/PersonNm3Tim Schmidt
IRS990/Form990PartVIISectionAGrp/PersonNm4Lisa Weisglass
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/TitleTxt0VP, Employee Rewards & HR Services
IRS990/Form990PartVIISectionAGrp/TitleTxt1SVP, Corporate Finance
IRS990/Form990PartVIISectionAGrp/TitleTxt2SVP, Controller and CAO
IRS990/Form990PartVIISectionAGrp/TitleTxt3SVP & Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt4VP, Corporate Tax
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02011
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedInd00
IRS990/FundraisingActivitiesInd00
IRS990/FundraisingAmt00
IRS990/GainOrLossGrp/OtherAmt00
IRS990/GainOrLossGrp/SecuritiesAmt00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt01
IRS990/GovernmentGrantsAmt00
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt086542
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IncmFromInvestBondProceedsGrp/ExclusionAmt00
IRS990/IncmFromInvestBondProceedsGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/IncmFromInvestBondProceedsGrp/TotalRevenueColumnAmt00
IRS990/IncmFromInvestBondProceedsGrp/UnrelatedBusinessRevenueAmt00
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt00
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InvestmentExpenseAmt00
IRS990/InvestmentIncomeGrp/ExclusionAmt00
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt0124
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0124
IRS990/InvestmentIncomeGrp/UnrelatedBusinessRevenueAmt00
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0IL
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembershipDuesAmt00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingCashInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0The mission is to fund retirees' health and welfare benefits.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt0449284
IRS990/NetAssetsOrFundBalancesEOYAmt00
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt00
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NoncashContributionsAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0Bank Fees
IRS990/OtherExpensesGrp/FundraisingAmt00
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt00
IRS990/OtherExpensesGrp/ProgramServicesAmt013075
IRS990/OtherExpensesGrp/TotalAmt013075
IRS990/OtherInd0X
IRS990/OtherRevenueTotalAmt00
IRS990/PartialLiquidationInd01
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0Amy Hess
IRS990/PriorPeriodAdjustmentsAmt00
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt0699353
IRS990/PYContributionsGrantsAmt01113497
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0873
IRS990/PYOtherExpensesAmt05100
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0409917
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0704453
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01114370
IRS990/ReconcilationRevenueExpnssAmt0-449284
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RelatedOrganizationsAmt00
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RoyaltiesRevenueGrp/ExclusionAmt00
IRS990/RoyaltiesRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RoyaltiesRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0449284
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990/ScheduleBRequiredInd00
IRS990/ScheduleJRequiredInd00
IRS990ScheduleN/AssetsDistributedInd01
IRS990ScheduleN/BondsOutstandingInd00
IRS990ScheduleN/DirectorOfSuccessor2Ind00
IRS990ScheduleN/DirectorOfSuccessorInd00
IRS990ScheduleN/DispositionOfAssetsDetail/AssetsDistriOrExpnssPaidDesc0Organization/trust assets
IRS990ScheduleN/DispositionOfAssetsDetail/BusinessName/BusinessNameLine1Txt0Discover Financial Services Welfare Benefits Plan
IRS990ScheduleN/DispositionOfAssetsDetail/DistributionDt02021-12-06
IRS990ScheduleN/DispositionOfAssetsDetail/EIN0362517428
IRS990ScheduleN/DispositionOfAssetsDetail/FairMarketValueOfAssetAmt0523670
IRS990ScheduleN/DispositionOfAssetsDetail/IRCSectionTxt0Qualified Plan
IRS990ScheduleN/DispositionOfAssetsDetail/MethodOfFMVDeterminationTxt0Cash balance of funds in trust account
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/AddressLine1Txt02500 Lake Cook Road
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/CityNm0Riverwoods
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/StateAbbreviationCd0IL
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/ZIPCd060015
IRS990ScheduleN/EmployeeOfSuccessor2Ind00
IRS990ScheduleN/EmployeeOfSuccessorInd00
IRS990ScheduleN/LiabilitiesPaidInd01
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/AssetsDistriOrExpnssPaidDesc0Organization/trust assets
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/BusinessName/BusinessNameLine1Txt0Discover Financial Services Welfare Benefits Plan
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/DistributionDt02021-12-06
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/EIN0362517428
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/FairMarketValueOfAssetAmt0523670
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/IRCSectionTxt0Qualified Plan
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/MethodOfFMVDeterminationTxt0Cash balance of funds in trust account
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/AddressLine1Txt02500 Lake Cook Road
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/CityNm0Riverwoods
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/StateAbbreviationCd0IL
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/ZIPCd060015
IRS990ScheduleN/OwnerOfSuccessor2Ind00
IRS990ScheduleN/OwnerOfSuccessorInd00
IRS990ScheduleN/ReceiveCompensation2Ind00
IRS990ScheduleN/ReceiveCompensationInd00
IRS990ScheduleN/RequiredToNotifyAGInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The organization (the retiree welfare benefits trust) was closed effective December 6, 2021 and the organization's trust assets as of December 6, 2021 were transferred to the Discover Financial Services Welfare Benefits Plan (EIN 36-2517428/Plan # 501) in the amount of $523,670.31. The Discover Financial Services Welfare Benefits Plan was terminated effective December 31, 2020; however, the organization (the retiree welfare benefits trust) remained open in 2021 in order to allow any retiree health claims expense (incurred in 2020 but paid in 2021) to be paid through the organization/the trust.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The Employee Benefits Committee delegates review of the Form 990 to the Human Resources Department and to the Tax Department of Discover Financial Services. The Human Resources Department thoroughly reviews the annual Trust Audited Statement and completes the Form 990. A second review is then completed by the Tax Department.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2No documents are available to the public. Documents are available upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3No documents are available to the public. Documents are available upon request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part III, Line 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section C, Line 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section C, Line 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd01
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd01
IRS990/TotalAssetsBOYAmt0449284
IRS990/TotalAssetsEOYAmt00
IRS990/TotalAssetsGrp/BOYAmt0449284
IRS990/TotalAssetsGrp/EOYAmt00
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt086418
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0535826
IRS990/TotalFunctionalExpensesGrp/TotalAmt0535826
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0449284
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt00
IRS990/TotalOtherCompensationAmt00
IRS990/TotalOtherProgSrvcExpenseAmt00
IRS990/TotalOtherProgSrvcGrantAmt00
IRS990/TotalOtherProgSrvcRevenueAmt00
IRS990/TotalProgramServiceExpensesAmt0535826
IRS990/TotalProgramServiceRevenueAmt00
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0124
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt086542
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0449284
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt00
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TypeOfOrganizationTrustInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/USAddress/AddressLine1Txt02500 Lake Cook Road
IRS990/USAddress/CityNm0Riverwoods
IRS990/USAddress/StateAbbreviationCd0IL
IRS990/USAddress/ZIPCd060015
IRS990/VotingMembersGoverningBodyCnt01
IRS990/VotingMembersIndependentCnt00
IRS990/WhistleblowerPolicyInd00
ReasonableCauseExplanation/ExplanationTxt0Extended due date November 15, 2022.
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL2
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/LastSubmissionRqrOOBCd01
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/OOBSecurityVerificationCd011
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd01
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/PersonNm0Amy Kiley
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Director, Tax
ReturnHeader/BusinessOfficerGrp/PhoneNum02244051154
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-11-07
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0DISCOVER FINANCIAL SERVICES WELFARE BENEFITS TR
ReturnHeader/Filer/BusinessNameControlTxt0DISC
ReturnHeader/Filer/EIN0376517664
ReturnHeader/Filer/PhoneNum02244050900
ReturnHeader/Filer/USAddress/AddressLine1Txt02500 Lake Cook Road
ReturnHeader/Filer/USAddress/CityNm0Riverwoods
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IL
ReturnHeader/Filer/USAddress/ZIPCd060015
ReturnHeader/ReturnTs02022-11-07T11:27:28-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02021-01-01
ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

Document Assets

No mirrored PDF or thumbnail assets are attached yet.