Civic Intelligence

Bae Systems North America Welfare Benefit Trust

990 • Fiscal year 2017 • EIN 74-2624710

Jan 01, 2017 to Dec 31, 2017 • Filed on Nov 13, 2018

Organization ProfileN/A
1101 Wilson Boulevard Suite 2000Arlington, VA 22209

(703) 312-6100

Siviq Scores

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

Liabilities / Assets

19th percentile

0.00x

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

2017 filings • 501(c)9 • $250M-$1B nonprofits • Source year 2017

Liabilities / Revenue

19th percentile

0.00x

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

2017 filings • 501(c)9 • $250M-$1B nonprofits • Source year 2017

Net Margin

43rd percentile

2.4%

Higher net margin than 43% of similar nonprofits.

2017 filings • 501(c)9 • $250M-$1B nonprofits • Source year 2017

Top Officer Pay

32nd percentile

$4,715

Higher top officer pay than 32% of similar nonprofits.

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

2017 filings • 501(c)9 • $250M-$1B nonprofits • Source year 2017

Asset Growth

96th percentile

71%

Faster asset growth than 96% of similar nonprofits.

2017 filings • 501(c)9 • $250M-$1B nonprofits • Annualized from 2016 to 2017

Revenue Growth

21st percentile

-4.4%

Faster revenue growth than 21% of similar nonprofits.

2017 filings • 501(c)9 • $250M-$1B nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets19th percentile

Assets

Up

$17,836,485

Up $7,419,270 (+71%) from 2016

Net Assets

Up

$17,836,485

Up $7,419,270 (+71%) from 2016

Liabilities

Flat

$0

Flat from 2016

Revenue And Expenses
Liabilities / Revenue19th percentileNet Margin43rd percentile

Revenue

Down

$311,947,655

Down $14,252,064 (-4.4%) from 2016

Expenses

Down

$304,528,385

Down $29,877,330 (-8.9%) from 2016

Net Income

Up

$7,419,270

Up $15,625,266 (+190%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth96th percentile

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

$60M$40M$20M$0Assets 2010: $9,564,926Liabilities 2010: $0Net Assets 2010: $9,564,9262010Assets 2011: $11,423,513Liabilities 2011: $0Net Assets 2011: $11,423,5132011Assets 2012: $18,206,740Liabilities 2012: $0Net Assets 2012: $18,206,7402012Assets 2013: $24,312,402Liabilities 2013: $0Net Assets 2013: $24,312,4022013Assets 2014: $19,004,823Liabilities 2014: $0Net Assets 2014: $19,004,8232014Assets 2015: $18,623,211Liabilities 2015: $0Net Assets 2015: $18,623,2112015Assets 2016: $10,417,215Liabilities 2016: $0Net Assets 2016: $10,417,2152016Assets 2017: $17,836,485Liabilities 2017: $0Net Assets 2017: $17,836,4852017Assets 2018: $12,861,504Liabilities 2018: $0Net Assets 2018: $12,861,5042018Assets 2019: $21,471,930Liabilities 2019: $0Net Assets 2019: $21,471,9302019Assets 2020: $32,861,780Liabilities 2020: $0Net Assets 2020: $32,861,7802020Assets 2021: $56,869,441Liabilities 2021: $0Net Assets 2021: $56,869,4412021Assets 2022: $54,581,125Liabilities 2022: $0Net Assets 2022: $54,581,1252022Assets 2023: $36,887,339Liabilities 2023: $0Net Assets 2023: $36,887,3392023Assets 2024: $33,156,493Liabilities 2024: $0Net Assets 2024: $33,156,4932024

Highlighted filing

2017

Assets$17,836,485
Liabilities$0
Net Assets$17,836,485
Open 2017 Filing

Operations Trend

Revenue Growth21st percentile

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

$600M$400M$200M$0-$200MRevenue 2010: $377,363,547Expenses 2010: $377,197,318Net Income 2010: $166,2292010Revenue 2011: $372,908,027Expenses 2011: $371,049,440Net Income 2011: $1,858,5872011Revenue 2012: $365,176,093Expenses 2012: $361,453,875Net Income 2012: $3,722,2182012Revenue 2013: $353,073,444Expenses 2013: $342,375,752Net Income 2013: $10,697,6922013Revenue 2014: $330,489,135Expenses 2014: $335,796,714Net Income 2014: -$5,307,5792014Revenue 2015: $330,752,480Expenses 2015: $331,134,092Net Income 2015: -$381,6122015Revenue 2016: $326,199,719Expenses 2016: $334,405,715Net Income 2016: -$8,205,9962016Revenue 2017: $311,947,655Expenses 2017: $304,528,385Net Income 2017: $7,419,2702017Revenue 2018: $329,096,508Expenses 2018: $334,071,489Net Income 2018: -$4,974,9812018Revenue 2019: $375,571,809Expenses 2019: $366,961,383Net Income 2019: $8,610,4262019Revenue 2020: $377,859,170Expenses 2020: $366,469,320Net Income 2020: $11,389,8502020Revenue 2021: $370,352,777Expenses 2021: $368,710,796Net Income 2021: $1,641,9812021Revenue 2022: $418,677,030Expenses 2022: $420,965,346Net Income 2022: -$2,288,3162022Revenue 2023: $451,823,820Expenses 2023: $469,517,606Net Income 2023: -$17,693,7862023Revenue 2024: $534,243,661Expenses 2024: $537,974,507Net Income 2024: -$3,730,8462024

Highlighted filing

2017

Revenue$311,947,655
Expenses$304,528,385
Net Income$7,419,270
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Nov 13, 2018
Return Version
2017v2.3
Gross Receipts
$311,947,655
Mission and Program Overview

Mission

To fund welfare benefits pursuant to irc section 501(c)(9).

The organization is a Voluntary Employees Beneficiary Association that provides for medical, disability & other benefits. Approximately 40,000 participants were subject to benefits.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$10,417,215$17,836,485▲ $7,419,270
Rtn Earn Endowment Incm Other Fnds$10,417,215$17,836,485▲ $7,419,270
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$0→ $0
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$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$10,417,215$17,836,485▲ $7,419,270
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$10,417,215$17,836,485▲ $7,419,270
Total Liabilities and Net Assets / Fund Balance$10,417,215$17,836,485▲ $7,419,270
Compensation and Service Providers
Top Officer Pay32nd percentile

Employees

NameTitleBaseTotal
Jp Morgan Chase Bank NaTrustee$4,715$4,715

Highest Paid Contractors

ContractorServicesLocationCompensation
Alight Solutions LLCActuarial/admin SvcsPO BOX 95135, Chicago, IL 60694-4135$2,202,423
Aon Consulting INCActuarial Services29695 NETWORK PLACE, Chicago, IL 60673-1296$1,123,405
Groom Law Group CharteredLegal Services1701 PENNSYLVANIA AVENUE NW SUITE, Washington, DC 20006$327,635
Naturally Slim INCWellness Program12712 PARK CENTRAL DRIVE SUITE 100, Dallas, TX 75251$279,913
Directpath LLCAdministrative120 18TH STREET SOUTH SUITE 102, Birmingham, AL 35233$128,313
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$285,500,000
Investment Income
$76,343
Other Revenue
$26,371,312
Change in Net Assets
$7,419,270
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$11,523,670
Salaries, Compensation, and Employee Benefits$4,715
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Benefits to Members$293,000,000--$293,000,000
Fees for Services Other-$3,079,290-$3,079,290
Other Expenses$0$500,000$0$500,000
Fees for Services Legal-$322,781$0$322,781
Fees for Services Accounting-$316,528$0$316,528
Current Officers, Directors, Trustees, and Key Employees-$4,715$0$4,715
Total Functional Expenses$293,000,000$11,528,385$0$304,528,385
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
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
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Part VI, Line 8A

“Because bae systems welfare benefit trust is a veba, it does not have a governing body of its own. The governing body of bae systems, inc. Has a committee which relates to its vebas. This committee has the authority to act on behalf of the bae systems, inc. Governing body.”

Part VI, Line 11

“Form 990 was prepared and reviewed by an independent accounting firm. The plan sponsor, bae systems' management team with oversight responsibility over the veba, performed a review of form 990 before it was filed with the internal revenue service.”

Part VI, Line 19

“The veba does not make its governing documents or internal financial statements available to the public.”

Filing and Contact Details

Filer

Filer Name
BAE Systems Welfare Benefit Trust
EIN
74-2624710
In Care Of
% DOHI SHIN BAE SYSTEMS INC
Phone
7033126100
Address
1101 Wilson Boulevard Suite 2000, Arlington, VA 22209

Signing Officer

Name
D Scott Howat
Title
Chairman Admin CMT
Phone
7033126100
Signed
2018-11-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
D Scott Howat
Formed
1992
Legal Domicile
Ny
Voting Board Members
1
Independent Board Members
1
Employees
0
Volunteers
0

Preparer

Firm
PricewaterhouseCoopers LLP
Address
300 Madison Avenue, New York, NY 10017
Preparer
Laura J Parello
Phone
6464713000
Supplemental Narrative

Additional Explanations

Collectively Bargained Agreement

“This VEBA is established under a collectively bargained plan. Pursuant to the Tax Reform Act of 1986, this fund is released from the limitations of IRC Section 419A and Section 512(a)(3)(E). Due to this Act, the filing VEBA does not have contributions to the fund that exceed the account limit and is therefore not subject to unrelated business income tax on earnings. Therefore, this VEBA has not filed Form 990-T, unless required due to outside investments.”

Part XII, Line 2B

“The trust's financial statements are audited by an independent accountant for the year on a consolidated basis. However, at the time of filing this tax return, the audit for 2017 were not issued and in draft with an unqualified opinion.”

Raw XML AppendixShowing 400 of 437 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/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt00
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt00
IRS990/AccountsReceivableGrp/BOYAmt00
IRS990/AccountsReceivableGrp/EOYAmt00
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0The organization is a Voluntary Employees Beneficiary Association that provides for medical, disability & other benefits. Approximately 40,000 participants were subject to benefits.
IRS990/AdvertisingGrp/TotalAmt00
IRS990/BenefitsToMembersGrp/ProgramServicesAmt0293000000
IRS990/BenefitsToMembersGrp/TotalAmt0293000000
IRS990/BooksInCareOfDetail/PersonNm0DOHI SHIN BAE SYSTEMS INC
IRS990/BooksInCareOfDetail/PhoneNum07036684210
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt011487 SUNSET HILL RD
IRS990/BooksInCareOfDetail/USAddress/CityNm0RESTON
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0VA
IRS990/BooksInCareOfDetail/USAddress/ZIPCd020190
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOfficerEntInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CapStkTrPrinCurrentFundsGrp/BOYAmt00
IRS990/CapStkTrPrinCurrentFundsGrp/EOYAmt00
IRS990/CashNonInterestBearingGrp/BOYAmt00
IRS990/CashNonInterestBearingGrp/EOYAmt00
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CntrctRcvdGreaterThan100KCnt06
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/FundraisingAmt00
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt04715
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt04715
IRS990/CompDisqualPersonsGrp/TotalAmt00
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0false
IRS990/CompensationProcessOtherInd0false
IRS990/ConferencesMeetingsGrp/TotalAmt00
IRS990/ConflictOfInterestPolicyInd0false
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0true
IRS990/ContractorCompensationGrp/CompensationAmt02202423
IRS990/ContractorCompensationGrp/CompensationAmt11123405
IRS990/ContractorCompensationGrp/CompensationAmt2327635
IRS990/ContractorCompensationGrp/CompensationAmt3279913
IRS990/ContractorCompensationGrp/CompensationAmt4128313
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt0PO BOX 95135
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt129695 NETWORK PLACE
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt21701 PENNSYLVANIA AVENUE NW SUITE
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt312712 PARK CENTRAL DRIVE SUITE 100
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt4120 18TH STREET SOUTH SUITE 102
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm0CHICAGO
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm1CHICAGO
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm2WASHINGTON
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm3DALLAS
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm4BIRMINGHAM
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd0IL
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd1IL
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd2DC
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd3TX
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd4AL
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd0606944135
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd1606731296
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd220006
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd375251
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd435233
IRS990/ContractorCompensationGrp/ContractorName/PersonNm0ALIGHT SOLUTIONS LLC
IRS990/ContractorCompensationGrp/ContractorName/PersonNm1AON CONSULTING INC
IRS990/ContractorCompensationGrp/ContractorName/PersonNm2GROOM LAW GROUP CHARTERED
IRS990/ContractorCompensationGrp/ContractorName/PersonNm3NATURALLY SLIM INC
IRS990/ContractorCompensationGrp/ContractorName/PersonNm4DIRECTPATH LLC
IRS990/ContractorCompensationGrp/ServicesDesc0ACTUARIAL/ADMIN SVCS
IRS990/ContractorCompensationGrp/ServicesDesc1ACTUARIAL SERVICES
IRS990/ContractorCompensationGrp/ServicesDesc2LEGAL SERVICES
IRS990/ContractorCompensationGrp/ServicesDesc3WELLNESS PROGRAM
IRS990/ContractorCompensationGrp/ServicesDesc4ADMINISTRATIVE
IRS990/CostOfGoodsSoldAmt00
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt0293000000
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt076343
IRS990/CYOtherExpensesAmt011523670
IRS990/CYOtherRevenueAmt026371312
IRS990/CYProgramServiceRevenueAmt0285500000
IRS990/CYRevenuesLessExpensesAmt07419270
IRS990/CYSalariesCompEmpBnftPaidAmt04715
IRS990/CYTotalExpensesAmt0304528385
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0311947655
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DeferredRevenueGrp/BOYAmt00
IRS990/DeferredRevenueGrp/EOYAmt00
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/TotalAmt00
IRS990/Desc0The exempt purpose of the trust is to fund the payment of health and welfare benefits. The aggregate expense amount was primarily for the payment of health and welfare benefits, with the remainder being payment of administrative expenses related to the trust's exempt purpose. The revenue received by the trust was primarily employer and participant contributions, with the remainder being investment income, rebates, and refunds from insurance carriers, and transfers from other trusts to fund plan liabilities transferred to this trust.
IRS990/DescribedInSection501c3Ind0false
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0false
IRS990/DonorAdvisedFundInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt00
IRS990/EscrowAccountLiabilityGrp/BOYAmt00
IRS990/EscrowAccountLiabilityGrp/EOYAmt00
IRS990/ExpenseAmt0293000000
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/FundraisingAmt00
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt0316528
IRS990/FeesForServicesAccountingGrp/TotalAmt0316528
IRS990/FeesForServicesLegalGrp/FundraisingAmt00
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt0322781
IRS990/FeesForServicesLegalGrp/TotalAmt0322781
IRS990/FeesForServicesLobbyingGrp/TotalAmt00
IRS990/FeesForServicesManagementGrp/TotalAmt00
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt03079290
IRS990/FeesForServicesOtherGrp/TotalAmt03079290
IRS990/FeesForServicesProfFundraising/TotalAmt00
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt00
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignGrantsGrp/TotalAmt00
IRS990/ForeignOfficeInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt00.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt03.0
IRS990/Form990PartVIISectionAGrp/InstitutionalTrusteeInd0X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/PersonNm0JP MORGAN CHASE BANK NA
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt04715
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/TitleTxt0TRUSTEE
IRS990/Form990ProvidedToGvrnBodyInd0false
IRS990/FormationYr01992
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0false
IRS990/FundraisingActivitiesInd0false
IRS990/FundraisingDirectExpensesAmt00
IRS990/FundraisingGrossIncomeAmt00
IRS990/GamingActivitiesInd0false
IRS990/GamingDirectExpensesAmt00
IRS990/GamingGrossIncomeAmt00
IRS990/GoverningBodyVotingMembersCnt01
IRS990/GrantAmt00
IRS990/GrantsPayableGrp/BOYAmt00
IRS990/GrantsPayableGrp/EOYAmt00
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt00
IRS990/GrantsToDomesticOrgsGrp/TotalAmt00
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt0311947655
IRS990/GrossSalesOfInventoryAmt00
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IncmFromInvestBondProceedsGrp/TotalRevenueColumnAmt00
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt01
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InformationTechnologyGrp/TotalAmt00
IRS990/InsuranceGrp/TotalAmt00
IRS990/IntangibleAssetsGrp/BOYAmt00
IRS990/IntangibleAssetsGrp/EOYAmt00
IRS990/InterestGrp/TotalAmt00
IRS990/InventoriesForSaleOrUseGrp/BOYAmt00
IRS990/InventoriesForSaleOrUseGrp/EOYAmt00
IRS990/InvestmentIncomeGrp/ExclusionAmt076343
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt076343
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt00
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt00
IRS990/InvestmentsProgramRelatedGrp/BOYAmt00
IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt00
IRS990/InvestmentsPubTradedSecGrp/EOYAmt00
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipBasisNetGrp/BOYAmt00
IRS990/LandBldgEquipBasisNetGrp/EOYAmt00
IRS990/LegalDomicileStateCd0NY
IRS990/LoanOutstandingInd0false
IRS990/LoansFromOfficersDirectorsGrp/BOYAmt00
IRS990/LoansFromOfficersDirectorsGrp/EOYAmt00
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingOtherInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0false
IRS990/MissionDesc0TO FUND WELFARE BENEFITS PURSUANT TO IRC SECTION 501(C)(9).
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt00
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt00
IRS990/NetAssetsOrFundBalancesBOYAmt010417215
IRS990/NetAssetsOrFundBalancesEOYAmt017836485
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/TotalAmt00
IRS990/OfficeExpensesGrp/TotalAmt00
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt00
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0TRANSFER TO HRA PLAN
IRS990/OtherExpensesGrp/Desc1TRANSFER TO HSA PLAN
IRS990/OtherExpensesGrp/Desc2ADMINISTRATIVE EXPENSE
IRS990/OtherExpensesGrp/Desc3TRANSFER TO MEDICARE PLAN
IRS990/OtherExpensesGrp/FundraisingAmt00
IRS990/OtherExpensesGrp/FundraisingAmt10
IRS990/OtherExpensesGrp/FundraisingAmt20
IRS990/OtherExpensesGrp/FundraisingAmt30
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt05500000
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt11217025
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt2588046
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt3500000
IRS990/OtherExpensesGrp/ProgramServicesAmt00
IRS990/OtherExpensesGrp/ProgramServicesAmt10
IRS990/OtherExpensesGrp/ProgramServicesAmt20
IRS990/OtherExpensesGrp/ProgramServicesAmt30
IRS990/OtherExpensesGrp/TotalAmt05500000
IRS990/OtherExpensesGrp/TotalAmt11217025
IRS990/OtherExpensesGrp/TotalAmt2588046
IRS990/OtherExpensesGrp/TotalAmt3500000
IRS990/OtherLiabilitiesGrp/BOYAmt00
IRS990/OtherLiabilitiesGrp/EOYAmt00
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/BusinessCd1900099
IRS990/OtherRevenueMiscGrp/Desc0BENEFIT PAYMENT REIMBURSEMENTS
IRS990/OtherRevenueMiscGrp/Desc1PHARMACEUTICALS DRUG REBATES
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt09699353
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt116671959
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt09699353
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt116671959
IRS990/OtherRevenueTotalAmt026371312
IRS990/OtherSalariesAndWagesGrp/TotalAmt00
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt00
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayrollTaxesGrp/TotalAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt00
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0D SCOTT HOWAT
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/Desc0EMPLOYER CONTRIBUTIONS
IRS990/ProgramServiceRevenueGrp/Desc1PARTICIPANT CONTRIBUTIONS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0199415019
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt186084981
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0199415019
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt186084981
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYBenefitsPaidToMembersAmt0320800000
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt03294
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt013605715
IRS990/PYOtherRevenueAmt034196425
IRS990/PYProgramServiceRevenueAmt0292000000
IRS990/PYRevenuesLessExpensesAmt0-8205996
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0334405715
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0326199719
IRS990/RcvblFromDisqualifiedPrsnGrp/BOYAmt00
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt07419270
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0311871312
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt010417215
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt017836485
IRS990/SavingsAndTempCashInvstGrp/BOYAmt010417215
IRS990/SavingsAndTempCashInvstGrp/EOYAmt017836485
IRS990/ScheduleBRequiredInd0false
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0BECAUSE BAE SYSTEMS WELFARE BENEFIT TRUST IS A VEBA, IT DOES NOT HAVE A GOVERNING BODY OF ITS OWN. THE GOVERNING BODY OF BAE SYSTEMS, INC. HAS A COMMITTEE WHICH RELATES TO ITS VEBAS. THIS COMMITTEE HAS THE AUTHORITY TO ACT ON BEHALF OF THE BAE SYSTEMS, INC. GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1FORM 990 WAS PREPARED AND REVIEWED BY AN INDEPENDENT ACCOUNTING FIRM. THE PLAN SPONSOR, BAE SYSTEMS' MANAGEMENT TEAM WITH OVERSIGHT RESPONSIBILITY OVER THE VEBA, PERFORMED A REVIEW OF FORM 990 BEFORE IT WAS FILED WITH THE INTERNAL REVENUE SERVICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE VEBA DOES NOT MAKE ITS GOVERNING DOCUMENTS OR INTERNAL FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3This VEBA is established under a collectively bargained plan. Pursuant to the Tax Reform Act of 1986, this fund is released from the limitations of IRC Section 419A and Section 512(a)(3)(E). Due to this Act, the filing VEBA does not have contributions to the fund that exceed the account limit and is therefore not subject to unrelated business income tax on earnings. Therefore, this VEBA has not filed Form 990-T, unless required due to outside investments.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE TRUST'S FINANCIAL STATEMENTS ARE AUDITED BY AN INDEPENDENT ACCOUNTANT FOR THE YEAR ON A CONSOLIDATED BASIS. HOWEVER, AT THE TIME OF FILING THIS TAX RETURN, THE AUDIT FOR 2017 WERE NOT ISSUED AND IN DRAFT WITH AN UNQUALIFIED OPINION.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0PART VI, LINE 8A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1PART VI, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3COLLECTIVELY BARGAINED AGREEMENT
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4PART XII, LINE 2B
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingEntityName/BusinessNameLine1Txt0NA
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EIN0046957993
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt0C CORP
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd0VA
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt0DEFENSE CONTR
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt0BAE SYSTEMS INC
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/AddressLine1Txt01101 WILSON BOULVEARD SUITE 2000
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/CityNm0ARLINGTON
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/StateAbbreviationCd0VA
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/ZIPCd022209
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0false
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0false
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0false
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0false
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt0285500000
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0BOOK
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0BAE SYSTEMS INC
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0S
IRS990ScheduleR/TransferFromOtherOrgInd0true
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/TotalAssetsBOYAmt010417215
IRS990/TotalAssetsEOYAmt017836485
IRS990/TotalAssetsGrp/BOYAmt010417215
IRS990/TotalAssetsGrp/EOYAmt017836485
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt011528385
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0293000000
IRS990/TotalFunctionalExpensesGrp/TotalAmt0304528385
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt010417215
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt017836485
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0293000000
IRS990/TotalProgramServiceRevenueAmt0285500000
IRS990/TotalReportableCompFromOrgAmt04715
IRS990/TotalRevenueGrp/ExclusionAmt076343
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0311871312
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0311947655
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt010417215
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt017836485
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/TotalAmt00
IRS990/TypeOfOrganizationTrustInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt00
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01101 Wilson Boulevard
IRS990/USAddress/CityNm0Arlington
IRS990/USAddress/StateAbbreviationCd0VA
IRS990/USAddress/ZIPCd022209
IRS990/VotingMembersGoverningBodyCnt01

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$17,836,485
Liabilities
$0
Net assets
$17,836,485
Revenue
$311,947,655
Expenses
$304,528,385
Net income
$7,419,270
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$33.2$0.00$33.2$534$538$3.73
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$36.9$0.00$36.9$452$470$17.7
2022Detailed filing. Detailed filing data is available for this year.$54.6$0.00$54.6$419$421$2.29
2021Detailed filing. Detailed filing data is available for this year.$56.9$0.00$56.9$370$369$1.64
2020Detailed filing. Detailed filing data is available for this year.$32.9$0.00$32.9$378$366$11.4
2019Detailed filing. Detailed filing data is available for this year.$21.5$0.00$21.5$376$367$8.61
2018Detailed filing. Detailed filing data is available for this year.$12.9$0.00$12.9$329$334$4.97
2017Detailed filing. Detailed filing data is available for this year.$17.8$0.00$17.8$312$305$7.42
2016Detailed filing. Detailed filing data is available for this year.$10.4$0.00$10.4$326$334$8.21
2015Summary only. Only limited summary data is available for this year.$18.6$0.00$18.6$331$331$0.38
2014Summary only. Only limited summary data is available for this year.$19.0$0.00$19.0$330$336$5.31
2013Summary only. Only limited summary data is available for this year.$24.3$0.00$24.3$353$342$10.7
2012Summary only. Only limited summary data is available for this year.$18.2$0.00$18.2$365$361$3.72
2011Summary only. Only limited summary data is available for this year.$11.4$0.00$11.4$373$371$1.86
2010Summary only. Only limited summary data is available for this year.$9.56$0.00$9.56$377$377$0.17