Civic Intelligence

Ernst&Young Us LLP Trust for Post Retirement

EIN 51-0588363 • 501(c)9 • Secaucus, NJ

Profile

The veba trust is associated with the ernst & young medical plan associated with retired staff. The plan offers medical and prescription benefits to its participants.

200 Plaza DriveSecaucus, NJ 07094

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 2024

Liabilities / Revenue

52nd percentile

0.00x

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

501(c)9 • $1M-$5M nonprofits • Source year 2024

Net Margin

1st percentile

-13058%

Higher net margin than 1% of similar nonprofits.

501(c)9 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

53rd percentile

$0

Higher top officer pay than 53% of similar nonprofits.

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

501(c)9 • $1M-$5M nonprofits • Source year 2024

Asset Growth

14th percentile

-100%

Faster asset growth than 14% of similar nonprofits.

501(c)9 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

5th percentile

-63%

Faster revenue growth than 5% of similar nonprofits.

501(c)9 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Down

$0

Down $3,468,466 (-100%) from 2023

Liabilities

Flat

$0

Flat from 2023

Net Assets

Down

$0

Down $3,468,466 (-100%) from 2023

Revenue

Down

$26,562

Down $44,636 (-63%) from 2023

Expenses

Up

$3,495,028

Up $620,892 (+22%) from 2023

Net Income

Down

-$3,468,466

Down $665,528 (-24%) from 2023

Trend Graphs

Balance Sheet Trend

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

$15M$10M$5.0M$0Assets 2010: $10,985,896Liabilities 2010: $0Net Assets 2010: $10,985,8962010Assets 2011: $10,983,803Liabilities 2011: $0Net Assets 2011: $10,983,8032011Assets 2012: $10,979,631Liabilities 2012: $0Net Assets 2012: $10,979,6312012Assets 2013: $10,973,938Liabilities 2013: $0Net Assets 2013: $10,973,9382013Assets 2014: $10,968,801Liabilities 2014: $0Net Assets 2014: $10,968,8012014Assets 2015: $10,963,315Liabilities 2015: $0Net Assets 2015: $10,963,3152015Assets 2016: $10,977,897Liabilities 2016: $0Net Assets 2016: $10,977,8972016Assets 2017: $11,050,108Liabilities 2017: $0Net Assets 2017: $11,050,1082017Assets 2018: $11,193,246Liabilities 2018: $0Net Assets 2018: $11,193,2462018Assets 2019: $11,344,846Liabilities 2019: $0Net Assets 2019: $11,344,8462019Assets 2020: $10,085,187Liabilities 2020: $0Net Assets 2020: $10,085,1872020Assets 2021: $9,039,720Liabilities 2021: $0Net Assets 2021: $9,039,7202021Assets 2022: $6,164,757Liabilities 2022: $0Net Assets 2022: $6,164,7572022Assets 2023: $3,468,466Liabilities 2023: $0Net Assets 2023: $3,468,4662023Assets 2024: $0Liabilities 2024: $0Net Assets 2024: $02024

Highlighted filing

2024

Assets$0
Liabilities$0
Net Assets$0

Operations Trend

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

$4.0M$2.0M$0-$2.0M-$4.0MRevenue 2010: $16,367Expenses 2010: $10,912Net Income 2010: $5,4552010Revenue 2011: $10,138Expenses 2011: $12,231Net Income 2011: -$2,0932011Revenue 2012: $5,803Expenses 2012: $9,975Net Income 2012: -$4,1722012Revenue 2013: $2,339Expenses 2013: $8,032Net Income 2013: -$5,6932013Revenue 2014: $2,363Expenses 2014: $7,500Net Income 2014: -$5,1372014Revenue 2015: $2,014Expenses 2015: $7,500Net Income 2015: -$5,4862015Revenue 2016: $22,082Expenses 2016: $7,500Net Income 2016: $14,5822016Revenue 2017: $79,711Expenses 2017: $7,500Net Income 2017: $72,2112017Revenue 2018: $150,638Expenses 2018: $7,500Net Income 2018: $143,1382018Revenue 2019: $159,100Expenses 2019: $7,500Net Income 2019: $151,6002019Revenue 2020: $147,685Expenses 2020: $1,407,344Net Income 2020: -$1,259,6592020Revenue 2021: $894,363Expenses 2021: $1,939,830Net Income 2021: -$1,045,4672021Revenue 2022: $22,552Expenses 2022: $2,788,717Net Income 2022: -$2,766,1652022Revenue 2023: $71,198Expenses 2023: $2,874,136Net Income 2023: -$2,802,9382023Revenue 2024: $26,562Expenses 2024: $3,495,028Net Income 2024: -$3,468,4662024

Highlighted filing

2024

Revenue$26,562
Expenses$3,495,028
Net Income-$3,468,466

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.03$3.50$3.47
2023Detailed filing. Detailed filing data is available for this year.$3.47$0.00$3.47$0.07$2.87$2.80
2022Detailed filing. Detailed filing data is available for this year.$6.16$0.00$6.16$0.02$2.79$2.77
2021Detailed filing. Detailed filing data is available for this year.$9.04$0.00$9.04$0.89$1.94$1.05
2020Detailed filing. Detailed filing data is available for this year.$10.1$0.00$10.1$0.15$1.41$1.26
2019Summary only. Only limited summary data is available for this year.$11.3$0.00$11.3$0.16$0.01$0.15
2018Summary only. Only limited summary data is available for this year.$11.2$0.00$11.2$0.15$0.01$0.14
2017Summary only. Only limited summary data is available for this year.$11.1$0.00$11.1$0.08$0.01$0.07
2016Summary only. Only limited summary data is available for this year.$11.0$0.00$11.0$0.02$0.01$0.01
2015Summary only. Only limited summary data is available for this year.$11.0$0.00$11.0$0.00$0.01$0.01
2014Summary only. Only limited summary data is available for this year.$11.0$0.00$11.0$0.00$0.01$0.01
2013Summary only. Only limited summary data is available for this year.$11.0$0.00$11.0$0.00$0.01$0.01
2012Summary only. Only limited summary data is available for this year.$11.0$0.00$11.0$0.01$0.01$0.00
2011Summary only. Only limited summary data is available for this year.$11.0$0.00$11.0$0.01$0.01$0.00
2010Summary only. Only limited summary data is available for this year.$11.0$0.00$11.0$0.02$0.01$0.01
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 12, 2024
Return Version
2024v5.2
Gross Receipts
$3,558,675
Mission and Program Overview

Mission

The veba trust is associated with the ernst & young medical plan associated with retired staff. The plan offers medical and prescription benefits to its participants.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$3,468,466$0▼ $3,468,466
Cap Stk Tr Prin Current Funds$3,468,466$0▼ $3,468,466
Cash and Non-Interest-Bearing Accounts$0$0→ $0
Savings and Temporary Cash Investments$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$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$3,468,466$0▼ $3,468,466
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$3,468,466$0▼ $3,468,466
Total Liabilities and Net Assets / Fund Balance$3,468,466$0▼ $3,468,466
Compensation and Service Providers

Board Members and Trustees

NameTitle
Sean O'DonnellAdmin Committee Chair
Midwest Institutional TrustInstitutional Trustee
Michael DeFrancisciAdmin Committee Member
Diane BlessingerInvestment Committee Member
Walter KressInvestment Committee Member
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$26,562
Other Revenue
$0
Change in Net Assets
$-3,468,466
Expenses and Functional Allocation

Major Expense Lines

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

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Benefits to Members---$3,495,028
Total Functional Expenses$0$0$0$3,495,028
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
Annual disclosure for covered persons
Yes
Backup withholding compliance
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Part VI, Line 11A

Form 990(s) are initially prepared by EY Benefits and are forwarded for internal review by EY Tax. Upon completion of the review, the Form 990(s) are assigned to the appropriate party for signature.

Part VI, Line 12A

EY maintains detailed independence policies and is managed and monitored by an independence team established at EY. Financial statements are a component of the EY Medical Plan in which a Form 5500 is filed annually.

Part VI, Line 19

Documents are not required to be made available to the public for this entity.

Filing and Contact Details

Filer

Filer Name
Ernst&Young US LLP Trust for Post Retirement
EIN
51-0588363
In Care Of
% MICHAEL DEFRANCISCI
Phone
2018722988
Address
200 PLAZA DRIVE, Secaucus, NJ 07094

Signing Officer

Name
Sean T O'Donnell
Title
EY Benefits Director
Phone
2018722870
Signed
2024-11-12

Organization Details

Principal Officer
Sean T O'Donnell
Formed
2005
Legal Domicile
De
Voting Board Members
1
Independent Board Members
0
Employees
0

Preparer

Preparer
Jean M Sheerins Accountant
Supplemental Narrative

Additional Explanations

Dissolution of trust

The trust was dissolved on September 20, 2024.

Raw XML Appendix390 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/Form990PartVIISectionAGrp/PersonNm2Michael DeFrancisci
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IRS990ScheduleN/EmployeeOfSuccessorInd0false
IRS990ScheduleN/LiabilitiesPaidInd0false
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/AssetsDistriOrExpnssPaidDesc0Reimbursement of premiums
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/DistributionDt02024-09-20
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/EIN0346565596
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/FairMarketValueOfAssetAmt03468466
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/IRCSectionTxt034-6565596
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/MethodOfFMVDeterminationTxt0Cash basis
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/PersonNm0Ernst Young US LLP
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/AddressLine1Txt0200 Plaza Drive
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/CityNm0Secaucus
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/StateAbbreviationCd0NJ
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/ZIPCd007094
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Form 990(s) are initially prepared by EY Benefits and are forwarded for internal review by EY Tax. Upon completion of the review, the Form 990(s) are assigned to the appropriate party for signature.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EY maintains detailed independence policies and is managed and monitored by an independence team established at EY. Financial statements are a component of the EY Medical Plan in which a Form 5500 is filed annually.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Documents are not required to be made available to the public for this entity.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The trust was dissolved on September 20, 2024.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Part VI, Line 11a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Part VI, Line 12a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Part VI, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Dissolution of trust
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IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/RelatedOrganizationName/BusinessNameLine1Txt0ERNST & YOUNG LLP
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IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt03468466
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IRS990/USAddress/ZIPCd007094
IRS990/VotingMembersGoverningBodyCnt01
IRS990/VotingMembersIndependentCnt00
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/PersonNm0Sean T O'Donnell
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EY Benefits Director
ReturnHeader/BusinessOfficerGrp/PhoneNum02018722870
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-11-12
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Ernst&Young US LLP Trust for Post Retirement
ReturnHeader/Filer/BusinessNameControlTxt0ERNS
ReturnHeader/Filer/EIN0510588363
ReturnHeader/Filer/InCareOfNm0% MICHAEL DEFRANCISCI
ReturnHeader/Filer/PhoneNum02018722988
ReturnHeader/Filer/USAddress/AddressLine1Txt0200 PLAZA DRIVE
ReturnHeader/Filer/USAddress/CityNm0Secaucus
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NJ
ReturnHeader/Filer/USAddress/ZIPCd007094
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Jean M Sheerins Accountant
ReturnHeader/ReturnTs02025-11-12T14:15:04-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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