Civic Intelligence

General Dynamics Employment Transition Benefit Plan Trust

990 • Fiscal year 2013 • EIN 56-2002440

Jan 01, 2013 to Dec 31, 2013 • Filed on Oct 01, 2014

C/O Northern Trust CO 50 S LasallSuite BB-11St Petersburg, FL 60603

(703) 876-3000

Siviq Scores

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

Liabilities / Assets

15th percentile

0.00x

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

2013 filings • $10M-$25M nonprofits • Source year 2013

Liabilities / Revenue

19th percentile

0.00x

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

2013 filings • $10M-$25M nonprofits • Source year 2013

Net Margin

43rd percentile

1.8%

Higher net margin than 43% of similar nonprofits.

2013 filings • $10M-$25M nonprofits • Source year 2013

Top Officer Pay

23rd percentile

$500

Higher top officer pay than 23% of similar nonprofits.

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

2013 filings • $10M-$25M nonprofits • Source year 2013

Asset Growth

97th percentile

89%

Faster asset growth than 97% of similar nonprofits.

2013 filings • $10M-$25M nonprofits • Annualized from 2012 to 2013

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2013

Assets

Up

$590,118

Up $277,279 (+89%) from 2012

Net Assets

Up

$590,118

Up $277,279 (+89%) from 2012

Liabilities

Flat

$0

Flat from 2012

Revenue

$15,782,354

No earlier filing loaded for comparison.

Expenses

Up

$15,505,075

Up $7,796,154 (+101%) from 2012

Net Income

$277,279

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$600K$400K$200K$0-$200KAssets 2010: $44,750Liabilities 2010: $0Net Assets 2010: $44,7502010Assets 2011: $75,022Liabilities 2011: $0Net Assets 2011: $75,0222011Assets 2012: $312,839Liabilities 2012: $0Net Assets 2012: $312,8392012Assets 2013: $590,118Liabilities 2013: $0Net Assets 2013: $590,1182013Assets 2015: $375,581Liabilities 2015: $0Net Assets 2015: $375,5812015Assets 2016: $48,281Liabilities 2016: $56Net Assets 2016: $48,2252016Assets 2017: $50,895Liabilities 2017: $0Net Assets 2017: $50,8952017Assets 2018: $112,476Liabilities 2018: $0Net Assets 2018: $112,4762018Assets 2019: $32,664Liabilities 2019: $0Net Assets 2019: $32,6642019Assets 2021: $24,490Liabilities 2021: $0Net Assets 2021: $24,4902021Assets 2022: $67,340Liabilities 2022: $0Net Assets 2022: $67,3402022Assets 2024: -$23,473Liabilities 2024: $0Net Assets 2024: -$23,4732024

Highlighted filing

2013

Assets$590,118
Liabilities$0
Net Assets$590,118

Operations Trend

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

$20M$15M$10M$5.0M$0-$5.0MExpenses 2010: $2,471,6972010Expenses 2011: $4,004,4692011Expenses 2012: $7,708,9212012Revenue 2013: $15,782,354Expenses 2013: $15,505,075Net Income 2013: $277,2792013Revenue 2015: $2,785,240Expenses 2015: $2,763,366Net Income 2015: $21,8742015Revenue 2016: $2,070,244Expenses 2016: $2,413,074Net Income 2016: -$342,8302016Revenue 2017: $1,299,113Expenses 2017: $1,300,248Net Income 2017: -$1,1352017Revenue 2018: $1,817,174Expenses 2018: $1,753,474Net Income 2018: $63,7002018Revenue 2019: $1,419,607Expenses 2019: $1,497,480Net Income 2019: -$77,8732019Revenue 2021: $676,369Expenses 2021: $685,830Net Income 2021: -$9,4612021Revenue 2022: $908,053Expenses 2022: $865,203Net Income 2022: $42,8502022Revenue 2024: $2,765,364Expenses 2024: $2,799,403Net Income 2024: -$34,0392024

Highlighted filing

2013

Revenue$15,782,354
Expenses$15,505,075
Net Income$277,279
Jump To
Filing Snapshot
Filing Period
Jan 1, 2013 to Dec 31, 2013
Signed
Oct 1, 2014
Return Version
2013v3.1
Gross Receipts
$15,782,354
Mission and Program Overview

Mission

Payment of supplemental benefits.

Payment of supplemental benefits

Balance Sheet Detail
LineBeginningEndChange
Assets
Cap Stk Tr Prin Current Funds$312,839$590,118▲ $277,279
Savings and Temporary Cash Investments$312,826$590,113▲ $277,287
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--
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$312,839$590,118▲ $277,279
Other Assets Total$13$5▼ $8
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$312,839$590,118▲ $277,279
Total Liabilities and Net Assets / Fund Balance$312,839$590,118▲ $277,279
Compensation and Service Providers

Employees

NameTitleBaseTotal
The Northern Trust CompanyTrustee$500$500
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$15,780,263
Investment Income
$591
Other Revenue
$1,500
Change in Net Assets
$277,279
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$7,119
Salaries, Compensation, and Employee Benefits$500
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Benefits to Members---$15,497,456
Fees for Services Accounting---$6,689
Current Officers, Directors, Trustees, and Key Employees---$500
Fees for Service Investment Mgmnt Fees---$430
Total Functional Expenses$0$0$0$15,505,075
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
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 A, Line 8

MEETINGS HELD AND ACTIONS UNDERTAKEN BY GOVERNING BOARD Northern Trust Company is the institutional trustee of this Supplemental Employment Benefit Trust under IRC 501(c)(17) 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

DOCUMENTS As a 501(c)(17) 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 'THE EMPLOYMENT TRANSITION BENEFIT PLN OF GEN DYNAMICS ORDINANCE & TACTICAL SYSTEM'. 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

EIN
56-2002440
In Care Of
% NORTHERN TRUST CO
Phone
7038763000

Signing Officer

Name
Tammi A Kozlowski
Title
Vice President
Signed
2014-10-01

Organization Details

Principal Officer
Henry C Eickelberg
Formed
1998
Legal Domicile
Wi
Voting Board Members
1
Independent Board Members
0
Employees
0
Volunteers
0

Preparer

Preparer
Janice K Martin
Phone
3176817000
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 1

ACCOUNTING METHOD Modified cash.

Raw XML Appendix340 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 BOARD Northern Trust Company is the institutional trustee of this Supplemental Employment Benefit Trust under IRC 501(c)(17) 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/ExplanationTxt2DOCUMENTS As a 501(c)(17) 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 'THE EMPLOYMENT TRANSITION BENEFIT PLN OF GEN DYNAMICS ORDINANCE & TACTICAL SYSTEM'. 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
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IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondLiabilitiesGrp/BOYAmt00
IRS990/TaxExemptBondLiabilitiesGrp/EOYAmt00
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0312839
IRS990/TotalAssetsEOYAmt0590118
IRS990/TotalAssetsGrp/BOYAmt0312839
IRS990/TotalAssetsGrp/EOYAmt0590118
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt015505075
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0312839
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0590118
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceRevenueAmt015780263
IRS990/TotalReportableCompFromOrgAmt0500
IRS990/TotalRevenueGrp/ExclusionAmt0591
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt015781763
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt015782354
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0312839
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0590118
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/TotalAmt00
IRS990/TypeOfOrganizationTrustInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt00
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine102941 FAIRVIEW PARK DR 100
IRS990/USAddress/City0FALLS CHURCH
IRS990/USAddress/State0VA
IRS990/USAddress/ZIPCode022042
IRS990/VotingMembersGoverningBodyCnt01
IRS990/VotingMembersIndependentCnt00
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02015-11-30 17:44:51Z
ReturnHeader/BusinessOfficerGrp/PersonNm0Tammi A Kozlowski
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Vice President
ReturnHeader/BusinessOfficerGrp/SignatureDt02014-10-01
ReturnHeader/Filer/BusinessName/BusinessNameLine10The Employment Transition Benefit PLN
ReturnHeader/Filer/BusinessName/BusinessNameLine20OF GEN DYNAMICS ORDINANCE & TACTICAL SYSTEM
ReturnHeader/Filer/BusinessNameControlTxt0EMPL
ReturnHeader/Filer/EIN0562002440
ReturnHeader/Filer/InCareOfNm0% NORTHERN TRUST CO
ReturnHeader/Filer/PhoneNum07038763000
ReturnHeader/Filer/USAddress/AddressLine10C/O NORTHERN TRUST CO 50 S LASALL
ReturnHeader/Filer/USAddress/AddressLine20Suite BB-11
ReturnHeader/Filer/USAddress/City0CHICAGO
ReturnHeader/Filer/USAddress/State0IL
ReturnHeader/Filer/USAddress/ZIPCode060603
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine10ERNST & YOUNG US LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine10111 MONUMENT CIRCLE STE 4000
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/City0INDIANAPOLIS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/State0IN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCode046204
ReturnHeader/PreparerPersonGrp/PhoneNum03176817000
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JANICE K MARTIN
ReturnHeader/ReturnTs02014-10-02T21:00:29-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02013-01-01
ReturnHeader/TaxPeriodEndDt02013-12-31
ReturnHeader/TaxYr02013

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.02$0.00$0.02$2.77$2.80$0.03
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.07$0.00$0.07$0.91$0.87$0.04
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.02$0.00$0.02$0.68$0.69$0.01
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.03$0.00$0.03$1.42$1.50$0.08
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.11$0.00$0.11$1.82$1.75$0.06
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.05$0.00$0.05$1.30$1.30$0.00
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.05$0.00$0.05$2.07$2.41$0.34
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.38$0.00$0.38$2.79$2.76$0.02
2013Detailed filing. Detailed filing data is available for this year.$0.59$0.00$0.59$15.8$15.5$0.28
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.31$0.00$0.31$7.71
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.08$0.00$0.08$4.00
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.04$0.00$0.04$2.47
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2013 filings • 501(c)17 • $10M-$25M nonprofits