Civic Intelligence

Mondelez Global LLC Group Benefit Trust II

990 • Fiscal year 2018 • EIN 46-0595387

Jan 01, 2018 to Dec 31, 2018 • Filed on Apr 29, 2019

C/O Jpmorgan Chase Bank Ny1-a156New York, NY 10005

(212) 552-2992

Siviq Scores

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

Liabilities / Assets

27th percentile

0.00x

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

2018 filings • 501(c)9 • $5M-$10M nonprofits • Source year 2018

Liabilities / Revenue

28th percentile

0.00x

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

2018 filings • 501(c)9 • $5M-$10M nonprofits • Source year 2018

Net Margin

2nd percentile

-123%

Higher net margin than 2% of similar nonprofits.

2018 filings • 501(c)9 • $5M-$10M nonprofits • Source year 2018

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2018

Asset Growth

7th percentile

-26%

Faster asset growth than 7% of similar nonprofits.

2018 filings • 501(c)9 • $5M-$10M nonprofits • Annualized from 2017 to 2018

Revenue Growth

34th percentile

-1.1%

Faster revenue growth than 34% of similar nonprofits.

2018 filings • 501(c)9 • $5M-$10M nonprofits • Annualized from 2017 to 2018

Assets

Down

$8,031,714

Down $2,877,961 (-26%) from 2017

Net Assets

Down

$8,031,714

Down $2,877,961 (-26%) from 2017

Liabilities

Flat

$0

Flat from 2017

Revenue

Down

$2,195,666

Down $24,610 (-1.1%) from 2017

Expenses

Up

$4,893,044

Up $1,636,023 (+50%) from 2017

Net Income

Down

-$2,697,378

Down $1,660,633 (-160%) from 2017

Historical Trend

Balance Sheet Trend

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

$15M$10M$5.0M$0Assets 2013: $4,915,290Liabilities 2013: $0Net Assets 2013: $4,915,2902013Assets 2014: $7,369,137Liabilities 2014: $0Net Assets 2014: $7,369,1372014Assets 2015: $9,871,646Liabilities 2015: $0Net Assets 2015: $9,871,6462015Assets 2016: $11,829,986Liabilities 2016: $0Net Assets 2016: $11,829,9862016Assets 2017: $10,909,675Liabilities 2017: $0Net Assets 2017: $10,909,6752017Assets 2018: $8,031,714Liabilities 2018: $0Net Assets 2018: $8,031,7142018Assets 2019: $7,860,605Liabilities 2019: $0Net Assets 2019: $7,860,6052019Assets 2020: $8,974,583Liabilities 2020: $0Net Assets 2020: $8,974,5832020Assets 2021: $8,458,599Liabilities 2021: $0Net Assets 2021: $8,458,5992021Assets 2022: $6,954,333Liabilities 2022: $0Net Assets 2022: $6,954,3332022Assets 2023: $6,835,676Liabilities 2023: $0Net Assets 2023: $6,835,6762023Assets 2024: $5,811,048Liabilities 2024: $0Net Assets 2024: $5,811,0482024

Highlighted filing

2018

Assets$8,031,714
Liabilities$0
Net Assets$8,031,714

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0M-$4.0MRevenue 2013: $4,895,230Expenses 2013: $2,642,144Net Income 2013: $2,253,0862013Revenue 2014: $4,595,374Expenses 2014: $2,326,586Net Income 2014: $2,268,7882014Revenue 2015: $4,454,776Expenses 2015: $1,764,303Net Income 2015: $2,690,4732015Revenue 2016: $4,019,407Expenses 2016: $2,028,430Net Income 2016: $1,990,9772016Revenue 2017: $2,220,276Expenses 2017: $3,257,021Net Income 2017: -$1,036,7452017Revenue 2018: $2,195,666Expenses 2018: $4,893,044Net Income 2018: -$2,697,3782018Revenue 2019: $2,334,524Expenses 2019: $2,925,049Net Income 2019: -$590,5252019Revenue 2020: $2,118,972Expenses 2020: $1,374,902Net Income 2020: $744,0702020Revenue 2021: $1,964,630Expenses 2021: $2,191,536Net Income 2021: -$226,9062021Revenue 2022: $2,023,706Expenses 2022: $2,351,545Net Income 2022: -$327,8392022Revenue 2023: $1,920,184Expenses 2023: $2,251,054Net Income 2023: -$330,8702023Revenue 2024: $1,795,621Expenses 2024: $2,800,457Net Income 2024: -$1,004,8362024

Highlighted filing

2018

Revenue$2,195,666
Expenses$4,893,044
Net Income-$2,697,378
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Apr 29, 2019
Return Version
2018v3.1
Gross Receipts
$5,197,805
Mission and Program Overview

Mission

The primary exempt purpose of the trust is to provide employee-pay-all long term disability benefits to eligible employees & purchase insured ltd coverage under the mondelez global llc long term disability plan as set forth in the mondelez global llc group benefits trust ii.

SEE PART III, LINE 1

Balance Sheet Detail
LineBeginningEndChange
Assets
Cap Stk Tr Prin Current Funds$10,909,675$8,031,714▼ $2,877,961
Investments in Publicly Traded Securities$10,432,806$7,485,916▼ $2,946,890
Savings and Temporary Cash Investments$473,260$544,753▲ $71,493
Cash and Non-Interest-Bearing Accounts$3,115$0▼ $3,115
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Rtn Earn Endowment Incm Other Fnds$0$0→ $0
Total Assets$10,909,675$8,031,714▼ $2,877,961
Other Assets Total$494$1,045▲ $551
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$10,909,675$8,031,714▼ $2,877,961
Total Liabilities and Net Assets / Fund Balance$10,909,675$8,031,714▼ $2,877,961
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
-TrusteeFT$3,600$3,600

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$2,021,691
Investment Income
$143,931
Other Revenue
$30,044
Change in Net Assets
$-2,697,378
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$224,138
Salaries, Compensation, and Employee Benefits$3,600
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Benefits to Members$4,665,306--$4,665,306
Other Expenses-$41,475-$41,475
Fees for Services Accounting-$19,715-$19,715
Current Officers, Directors, Trustees, and Key Employees-$3,600-$3,600
Total Functional Expenses$4,665,306$227,738$0$4,893,044
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
Annual disclosure for covered persons
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

Jpmorgan chase is the directed trustee of the trust and pursuant to the trust agreement performs certain functions with respect to the trust.

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

The governing trust committee delegates day to day responsibilities for operating the trust to the trustee and to professionals in finance, benefits, and law of the trust sponsor. The trust prepares a draft of the form 990 which is then reviewed by staff professionals on behalf of the governing trust committee. A copy is then provided to members of the committee.

Form 990, Part VI, Section B, Line 12C

Apart from the trustee which is an institutional trustee and subject to fiduciary and contractual standards, each officer who is a member of the trust's governing committee is also a fiduciary under erisa who is required to act in the exclusive benefit of benefit plan participants. Further, each officer, as an employee of mondelez international, inc. Is subject to the mondelez international, inc. Conflicts of interest/ethics policy. Under this policy, an officer would be precluded from acting in a manner which would represent a conflict of interest with mondelez international, inc. Or its benefit plans or trusts.

Form 990, Part VI, Section C, Line 19

The trust provides copies of its governing documents to plan participants on written request to the plan administrator. All mondelez employees have intranet access to the mondelez conflicts of interest policies applying to the trust officers who are mondelez employees. The trust financial statements are available to all plan participants on request; summary annual reports are distributed to plan participants and posted on an intranet site.

Form 990, Part VIII - Investment Income

Description total revenue interest 10,237 dividends 233,808 totals 244,045

Filing and Contact Details

Filer

Filer Name
Mondelez Global LLC Group
EIN
46-0595387
Phone
2125522992
Address
C/O JPMORGAN CHASE BANK NY1-A156, NEW YORK, NY 10005

Signing Officer

Name
Bill Whisler
Title
Assistant Treasurer
Phone
2125522992
Signed
2019-04-29
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Bill Whisler
Formed
2012
Legal Domicile
Ny
Voting Board Members
3
Independent Board Members
0
Employees
0
Volunteers
0

Preparer

Firm
Andersen Tax LLC
Address
399 THORNALL STREET 1ST FLOOR, EDISON, NJ 08837
Preparer
Kevin M Fuller
Phone
7322893550
Supplemental Narrative

Additional Explanations

Part XII, Line 2B

The mondelez global llc group benefit trust ii funds the underlying benefits plan, the mondelez global llc retiree health and life benefits plan. The mondelez global llc retiree health and life benefits plan's financial statements are audited by an independent audit firm.

Form 990, Part IX - Benefits Paid to or for Members

Benefits paid 1,726,649 ltd premiums paid 2,938,657 totals 4,665,306

Form 990, Part X - Investments - Publicly Traded Securities

Description ending book value mutual funds 7,485,916 totals 7,485,916

Raw XML Appendix335 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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IRS990/MissionDesc0THE PRIMARY EXEMPT PURPOSE OF THE TRUST IS TO PROVIDE EMPLOYEE-PAY-ALL LONG TERM DISABILITY BENEFITS TO ELIGIBLE EMPLOYEES & PURCHASE INSURED LTD COVERAGE UNDER THE MONDELEZ GLOBAL LLC LONG TERM DISABILITY PLAN AS SET FORTH IN THE MONDELEZ GLOBAL LLC GROUP BENEFITS TRUST II.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0JPMORGAN CHASE IS THE DIRECTED TRUSTEE OF THE TRUST AND PURSUANT TO THE TRUST AGREEMENT PERFORMS CERTAIN FUNCTIONS WITH RESPECT TO THE TRUST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE GOVERNING TRUST COMMITTEE DELEGATES DAY TO DAY RESPONSIBILITIES FOR OPERATING THE TRUST TO THE TRUSTEE AND TO PROFESSIONALS IN FINANCE, BENEFITS, AND LAW OF THE TRUST SPONSOR. THE TRUST PREPARES A DRAFT OF THE FORM 990 WHICH IS THEN REVIEWED BY STAFF PROFESSIONALS ON BEHALF OF THE GOVERNING TRUST COMMITTEE. A COPY IS THEN PROVIDED TO MEMBERS OF THE COMMITTEE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2APART FROM THE TRUSTEE WHICH IS AN INSTITUTIONAL TRUSTEE AND SUBJECT TO FIDUCIARY AND CONTRACTUAL STANDARDS, EACH OFFICER WHO IS A MEMBER OF THE TRUST'S GOVERNING COMMITTEE IS ALSO A FIDUCIARY UNDER ERISA WHO IS REQUIRED TO ACT IN THE EXCLUSIVE BENEFIT OF BENEFIT PLAN PARTICIPANTS. FURTHER, EACH OFFICER, AS AN EMPLOYEE OF MONDELEZ INTERNATIONAL, INC. IS SUBJECT TO THE MONDELEZ INTERNATIONAL, INC. CONFLICTS OF INTEREST/ETHICS POLICY. UNDER THIS POLICY, AN OFFICER WOULD BE PRECLUDED FROM ACTING IN A MANNER WHICH WOULD REPRESENT A CONFLICT OF INTEREST WITH MONDELEZ INTERNATIONAL, INC. OR ITS BENEFIT PLANS OR TRUSTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE TRUST PROVIDES COPIES OF ITS GOVERNING DOCUMENTS TO PLAN PARTICIPANTS ON WRITTEN REQUEST TO THE PLAN ADMINISTRATOR. ALL MONDELEZ EMPLOYEES HAVE INTRANET ACCESS TO THE MONDELEZ CONFLICTS OF INTEREST POLICIES APPLYING TO THE TRUST OFFICERS WHO ARE MONDELEZ EMPLOYEES. THE TRUST FINANCIAL STATEMENTS ARE AVAILABLE TO ALL PLAN PARTICIPANTS ON REQUEST; SUMMARY ANNUAL REPORTS ARE DISTRIBUTED TO PLAN PARTICIPANTS AND POSTED ON AN INTRANET SITE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE MONDELEZ GLOBAL LLC GROUP BENEFIT TRUST II FUNDS THE UNDERLYING BENEFITS PLAN, THE MONDELEZ GLOBAL LLC RETIREE HEALTH AND LIFE BENEFITS PLAN. THE MONDELEZ GLOBAL LLC RETIREE HEALTH AND LIFE BENEFITS PLAN'S FINANCIAL STATEMENTS ARE AUDITED BY AN INDEPENDENT AUDIT FIRM.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5DESCRIPTION TOTAL REVENUE INTEREST 10,237 DIVIDENDS 233,808 TOTALS 244,045
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6BENEFITS PAID 1,726,649 LTD PREMIUMS PAID 2,938,657 TOTALS 4,665,306
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7DESCRIPTION ENDING BOOK VALUE MUTUAL FUNDS 7,485,916 TOTALS 7,485,916
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4PART XII, LINE 2B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VIII - INVESTMENT INCOME
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART IX - BENEFITS PAID TO OR FOR MEMBERS
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART X - INVESTMENTS - PUBLICLY TRADED SECURITIES
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