Civic Intelligence

Raytheon Welfare Benefits Trust

EIN 75-2547072 • 501(c)9 • Farmington, CT

Profile

The welfare benefit plan trusts are for the exclusive benefit of the eligible employees, their dependent & designated beneficiary to collect employee contributions & pay employee benefit (claims), the trust agreements shall be interpret in a manner consistent With intent & with intention of Raytheon that the trust hereunder satisfies provisions of IRC relating to VEBAs.

4 Farm Springs Road Pen InvestFarmington, CT 06032

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

17th percentile

0.00x

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

501(c)9 • $50M-$100M nonprofits • Source year 2024

Liabilities / Revenue

21st percentile

0.00x

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

501(c)9 • $50M-$100M nonprofits • Source year 2024

Net Margin

29th percentile

-1.2%

Higher net margin than 29% of similar nonprofits.

501(c)9 • $50M-$100M nonprofits • Source year 2024

Top Officer Pay

48th percentile

$14,063

Higher top officer pay than 48% of similar nonprofits.

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

501(c)9 • $50M-$100M nonprofits • Source year 2024

Asset Growth

9th percentile

-20%

Faster asset growth than 9% of similar nonprofits.

501(c)9 • $50M-$100M nonprofits • Annualized from 2023 to 2024

Revenue Growth

28th percentile

1.6%

Faster revenue growth than 28% of similar nonprofits.

501(c)9 • $50M-$100M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets17th percentile

Assets

Down

$3,179,528

Down $790,809 (-20%) from 2023

Liabilities

Flat

$0

Flat from 2023

Net Assets

Down

$3,179,528

Down $790,809 (-20%) from 2023

Operations
Liabilities / Revenue21st percentileNet Margin29th percentile

Revenue

Up

$63,950,744

Up $1,009,802 (+1.6%) from 2023

Expenses

Up

$64,741,553

Up $2,664,424 (+4.3%) from 2023

Net Income

Down

-$790,809

Down $1,654,622 (-192%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth9th percentile

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

$150M$100M$50M$0Assets 2010: $120,404,406Liabilities 2010: $186,050Net Assets 2010: $120,218,3562010Assets 2011: $106,334,066Liabilities 2011: $321,980Net Assets 2011: $106,012,0862011Assets 2012: $107,586,856Liabilities 2012: $90,336Net Assets 2012: $107,496,5202012Assets 2013: $104,108,628Liabilities 2013: $38,088Net Assets 2013: $104,070,5402013Assets 2014: $89,365,809Liabilities 2014: $129,880Net Assets 2014: $89,235,9292014Assets 2015: $71,212,857Liabilities 2015: $0Net Assets 2015: $71,212,8572015Assets 2016: $56,149,959Liabilities 2016: $0Net Assets 2016: $56,149,9592016Assets 2017: $0Liabilities 2017: $0Net Assets 2017: $02017Assets 2018: $12,173,355Liabilities 2018: $0Net Assets 2018: $12,173,3552018Assets 2019: $7,835,939Liabilities 2019: $0Net Assets 2019: $7,835,9392019Assets 2020: $13,926,267Liabilities 2020: $0Net Assets 2020: $13,926,2672020Assets 2021: $6,057,098Liabilities 2021: $0Net Assets 2021: $6,057,0982021Assets 2022: $3,106,524Liabilities 2022: $0Net Assets 2022: $3,106,5242022Assets 2023: $3,970,337Liabilities 2023: $0Net Assets 2023: $3,970,3372023Assets 2024: $3,179,528Liabilities 2024: $0Net Assets 2024: $3,179,5282024

Highlighted filing

2024

Assets$3,179,528
Liabilities$0
Net Assets$3,179,528
Open 2024 Filing

Operations Trend

Revenue Growth28th percentile

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

$100M$50M$0-$50MRevenue 2010: $38,715,078Expenses 2010: $32,830,975Net Income 2010: $5,884,1032010Revenue 2011: $26,107,848Expenses 2011: $33,636,922Net Income 2011: -$7,529,0742011Revenue 2012: $25,532,101Expenses 2012: $32,475,041Net Income 2012: -$6,942,9402012Revenue 2013: $25,215,449Expenses 2013: $36,932,756Net Income 2013: -$11,717,3072013Revenue 2014: $31,637,028Expenses 2014: $46,604,487Net Income 2014: -$14,967,4592014Revenue 2015: $33,395,758Expenses 2015: $44,367,981Net Income 2015: -$10,972,2232015Revenue 2016: $30,239,232Expenses 2016: $45,168,350Net Income 2016: -$14,929,1182016Revenue 2017: $31,479,869Expenses 2017: $50,890,383Net Income 2017: -$19,410,5142017Revenue 2018: $32,546,120Expenses 2018: $50,332,041Net Income 2018: -$17,785,9212018Revenue 2019: $48,837,572Expenses 2019: $53,174,786Net Income 2019: -$4,337,2142019Revenue 2020: $59,278,649Expenses 2020: $53,190,808Net Income 2020: $6,087,8412020Revenue 2021: $52,050,267Expenses 2021: $59,919,401Net Income 2021: -$7,869,1342021Revenue 2022: $57,208,140Expenses 2022: $60,158,864Net Income 2022: -$2,950,7242022Revenue 2023: $62,940,942Expenses 2023: $62,077,129Net Income 2023: $863,8132023Revenue 2024: $63,950,744Expenses 2024: $64,741,553Net Income 2024: -$790,8092024

Highlighted filing

2024

Revenue$63,950,744
Expenses$64,741,553
Net Income-$790,809
Open 2024 Filing

Filings

Most recent year

2024 • Form 990XML pending. An XML filing is linked for this year, but detailed extraction is still pending.

Open filing
Assets
$3,179,528
Liabilities
$0
Net assets
$3,179,528
Revenue
$63,950,744
Expenses
$64,741,553
Net income
-$790,809
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.18$0.00$3.18$64.0$64.7$0.79
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.97$0.00$3.97$62.9$62.1$0.86
2022Detailed filing. Detailed filing data is available for this year.$3.11$0.00$3.11$57.2$60.2$2.95
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.06$0.00$6.06$52.1$59.9$7.87
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$13.9$0.00$13.9$59.3$53.2$6.09
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.84$0.00$7.84$48.8$53.2$4.34
2018Detailed filing. Detailed filing data is available for this year.$12.2$0.00$12.2$32.5$50.3$17.8
2017Summary only. Only limited summary data is available for this year.$0.00$0.00$0.00$31.5$50.9$19.4
2016Summary only. Only limited summary data is available for this year.$56.1$0.00$56.1$30.2$45.2$14.9
2015Summary only. Only limited summary data is available for this year.$71.2$0.00$71.2$33.4$44.4$11.0
2014Summary only. Only limited summary data is available for this year.$89.4$0.13$89.2$31.6$46.6$15.0
2013Summary only. Only limited summary data is available for this year.$104$0.04$104$25.2$36.9$11.7
2012Summary only. Only limited summary data is available for this year.$108$0.09$107$25.5$32.5$6.94
2011Summary only. Only limited summary data is available for this year.$106$0.32$106$26.1$33.6$7.53
2010Summary only. Only limited summary data is available for this year.$120$0.19$120$38.7$32.8$5.88
Latest Detailed Filing

The latest 2024 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2022 below.

Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 10, 2023
Return Version
2022v5.0
Gross Receipts
$57,208,140
Mission and Program Overview

Mission

The welfare benefit plan trusts are for the exclusive benefit of the eligible employees, their dependent & designated beneficiary to collect employee contributions & pay employee benefit (claims), the trust agreements shall be interpreted in a manner consistent with intent & with intention of raytheon that the trust here under satisfies provisions of irc relating to vebas.

To provide exclusive benefits to Eligible employees of the employer, their eligible dependents and designated beneficiaries.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cap Stk Tr Prin Current Funds$6,057,098$3,106,524▼ $2,950,574
Cash and Non-Interest-Bearing Accounts$3,141,278$3,103,070▼ $38,208
Accounts Receivable$467$3,443▲ $2,976
Investments in Publicly Traded Securities$2,915,353$11▼ $2,915,342
Savings and Temporary Cash Investments$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$6,057,098$3,106,524▼ $2,950,574
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$6,057,098$3,106,524▼ $2,950,574
Total Liabilities and Net Assets / Fund Balance$6,057,098$3,106,524▼ $2,950,574
Compensation and Service Providers
Top Officer Pay48th percentile

Employees

NameTitleBaseTotal
The Bank of New York MellonTrustee (see Schedule O)$311$311
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$57,201,152
Investment Income
$6,988
Other Revenue
$0
Change in Net Assets
$-2,950,724
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$4,143
Salaries, Compensation, and Employee Benefits$311
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Benefits to Members---$60,154,410
Fees for Services Accounting---$2,893
Fees for Services Other---$1,250
Current Officers, Directors, Trustees, and Key Employees---$311
Total Functional Expenses$0$0$0$60,158,864
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
Audit committee
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
Conflict-of-interest policy
No
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, SECTION A, LINES 1A & 1B

“The bank of new york mellon serves as the sole directed trustee of raytheon welfare benefits trust. The plan sponsor is raytheon technologies corporation (formerly raytheon company). The trust is administered by the plan sponsor in accordance with the terms of the trust agreement. As such, the veba does not have a governing body that exercises discretion.”

Form 990, Part VI, Section A, Line 9

“The bank of new york mellon, the institutional trustee, is located at c/o bny mellon asset servicing, 135 santilli highway, everett, ma 02149.”

Form 990 Part VI Line 11B

“The form 990 is prepared by an independent accountant and reviewed prior to filing by others at the sponsor who are responsible for the administration of the trust.”

Form 990 Part VI Section C Line 19

“As a 501(C)(9) 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 1A Column (B)

“AVERAGE HOURS PER WEEK DEVOTED TO POSITION: AS TRUSTEE, THE BANK OF NEW YORK MELLON PROVIDES ADMINISTRATIVE SERVICES SUCH AS ACTING AS INVESTMENT MANAGER FOR RAYTHEON Welfare Benefits TRUST. THESE SERVICES REQUIRE NUMEROUS INDIVIDUAL BANK EMPLOYEES' INVOLVEMENT IN THE ACTIVITIES OF THE ORGANIZATION AND THUS CANNOT BE QUANTIFIED ON AN HOURLY BASIS. THEREFORE, THE TRUSTEE FEES ARE BASED UPON FACTORS SUCH AS THE MARKET VALUE OF THE ACCOUNT AND IN ACCORDANCE WITH THE BANK OF NEW YORK MELLON'S AGREEMENT WITH RAYTHEON Welfare Benefits TRUST.”

Filing and Contact Details

Filer

Filer Name
Raytheon Welfare Benefits Trust
EIN
75-2547072
In Care Of
% MEGHAN DRAGINA BNY MELLON
Phone
6173822830
Address
4 Farm Springs Road Pen Invest, FARMINGTON, CT 06032

Signing Officer

Name
Joe Fazzino
Title
VP, Deputy CIO, Pens
Phone
7815225075
Signed
2023-11-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Bny Mellon
Formed
1997
Legal Domicile
Ma
Voting Board Members
1
Independent Board Members
0
Employees
0
Volunteers
0

Preparer

Firm
Ernst & Young US Llp
Address
155 N WACKER DRIVE, CHICAGO, IL 60606
Preparer
Morgan Eads
Phone
3128792000
Raw XML Appendix370 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/BOYAmt0467
IRS990/AccountsReceivableGrp/EOYAmt03443
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0To provide exclusive benefits to Eligible employees of the employer, their eligible dependents and designated beneficiaries.
IRS990/AddressChangeInd0X
IRS990/AdvertisingGrp/TotalAmt00
IRS990/AuditCommitteeInd0false
IRS990/BenefitsToMembersGrp/TotalAmt060154410
IRS990/BooksInCareOfDetail/PersonNm0MEGHAN DRAGINA BNY MELLON
IRS990/BooksInCareOfDetail/PhoneNum04122348356
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0500 GRANT STREET 151-4040
IRS990/BooksInCareOfDetail/USAddress/CityNm0PITTSBURGH
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0PA
IRS990/BooksInCareOfDetail/USAddress/ZIPCd015258
IRS990/BusinessRlnWith35CtrlEntInd0false
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CapStkTrPrinCurrentFundsGrp/BOYAmt06057098
IRS990/CapStkTrPrinCurrentFundsGrp/EOYAmt03106524
IRS990/CashNonInterestBearingGrp/BOYAmt03141278
IRS990/CashNonInterestBearingGrp/EOYAmt03103070
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0311
IRS990/CompDisqualPersonsGrp/TotalAmt00
IRS990/CompensationFromOtherSrcsInd0false
IRS990/ConferencesMeetingsGrp/TotalAmt00
IRS990/ConflictOfInterestPolicyInd0false
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0true
IRS990/CostOfGoodsSoldAmt00
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt060154410
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt06988
IRS990/CYOtherExpensesAmt04143
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt057201152
IRS990/CYRevenuesLessExpensesAmt0-2950724
IRS990/CYSalariesCompEmpBnftPaidAmt0311
IRS990/CYTotalExpensesAmt060158864
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt057208140
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DeferredRevenueGrp/BOYAmt00
IRS990/DeferredRevenueGrp/EOYAmt00
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/TotalAmt00
IRS990/Desc0Provision of exclusive benefits to eligible employees of the employer, their eligible dependents and designated beneficiaries.
IRS990/DescribedInSection501c3Ind0false
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0false
IRS990/DonorAdvisedFundInd0false
IRS990/DonorRstrOrQuasiEndowmentsInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt00
IRS990/EscrowAccountLiabilityGrp/BOYAmt00
IRS990/EscrowAccountLiabilityGrp/EOYAmt00
IRS990/ExpenseAmt00
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/TotalAmt02893
IRS990/FeesForServicesLegalGrp/TotalAmt00
IRS990/FeesForServicesLobbyingGrp/TotalAmt00
IRS990/FeesForServicesManagementGrp/TotalAmt00
IRS990/FeesForServicesOtherGrp/TotalAmt01250
IRS990/FeesForServicesProfFundraising/TotalAmt00
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt00
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignGrantsGrp/TotalAmt00
IRS990/ForeignOfficeInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt00.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt00.0
IRS990/Form990PartVIISectionAGrp/InstitutionalTrusteeInd0X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/PersonNm0THE BANK OF NEW YORK MELLON
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt0311
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/TitleTxt0TRUSTEE (SEE SCHEDULE O)
IRS990/Form990ProvidedToGvrnBodyInd0false
IRS990/Form990TFiledInd0true
IRS990/FormationYr01997
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/FundraisingDirectExpensesAmt00
IRS990/FundraisingGrossIncomeAmt00
IRS990/GainOrLossGrp/SecuritiesAmt01
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/GrossAmountSalesAssetsGrp/SecuritiesAmt01
IRS990/GrossReceiptsAmt057208140
IRS990/GrossSalesOfInventoryAmt00
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IncmFromInvestBondProceedsGrp/TotalRevenueColumnAmt00
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt00
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/TotalAmt00
IRS990/InsuranceGrp/TotalAmt00
IRS990/IntangibleAssetsGrp/BOYAmt00
IRS990/IntangibleAssetsGrp/EOYAmt00
IRS990/InterestGrp/TotalAmt00
IRS990/InventoriesForSaleOrUseGrp/BOYAmt00
IRS990/InventoriesForSaleOrUseGrp/EOYAmt00
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt06987
IRS990/InvestmentIncomeGrp/UnrelatedBusinessRevenueAmt06987
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt00
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt00
IRS990/InvestmentsProgramRelatedGrp/BOYAmt00
IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt02915353
IRS990/InvestmentsPubTradedSecGrp/EOYAmt011
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipBasisNetGrp/BOYAmt00
IRS990/LandBldgEquipBasisNetGrp/EOYAmt00
IRS990/LegalDomicileStateCd0MA
IRS990/LoanOutstandingInd0false
IRS990/LoansFromOfficersDirectorsGrp/BOYAmt00
IRS990/LoansFromOfficersDirectorsGrp/EOYAmt00
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0THE WELFARE BENEFIT PLAN TRUSTS ARE FOR THE EXCLUSIVE BENEFIT OF THE ELIGIBLE EMPLOYEES, THEIR DEPENDENT & DESIGNATED BENEFICIARY TO COLLECT EMPLOYEE CONTRIBUTIONS & PAY EMPLOYEE BENEFIT (CLAIMS), THE TRUST AGREEMENTS SHALL BE INTERPRETED IN A MANNER CONSISTENT WITH INTENT & WITH INTENTION OF RAYTHEON THAT THE TRUST HERE UNDER SATISFIES PROVISIONS OF IRC RELATING TO VEBAS.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt00
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt00
IRS990/NetAssetsOrFundBalancesBOYAmt06057098
IRS990/NetAssetsOrFundBalancesEOYAmt03106524
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt01
IRS990/NetGainOrLossInvestmentsGrp/UnrelatedBusinessRevenueAmt01
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0150
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/TotalAmt00
IRS990/OfficeExpensesGrp/TotalAmt00
IRS990/OfficerMailingAddressInd0true
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt00
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherLiabilitiesGrp/BOYAmt00
IRS990/OtherLiabilitiesGrp/EOYAmt00
IRS990/OtherRevenueTotalAmt00
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/PrincipalOfficerNm0BNY MELLON
IRS990/ProfessionalFundraisingInd0false
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE BANK OF NEW YORK MELLON SERVES AS THE SOLE DIRECTED TRUSTEE OF RAYTHEON WELFARE BENEFITS TRUST. THE PLAN SPONSOR IS RAYTHEON TECHNOLOGIES CORPORATION (FORMERLY RAYTHEON COMPANY). THE TRUST IS ADMINISTERED BY THE PLAN SPONSOR IN ACCORDANCE WITH THE TERMS OF THE TRUST AGREEMENT. AS SUCH, THE VEBA DOES NOT HAVE A GOVERNING BODY THAT EXERCISES DISCRETION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BANK OF NEW YORK MELLON, THE INSTITUTIONAL TRUSTEE, IS LOCATED AT C/O BNY MELLON ASSET SERVICING, 135 SANTILLI HIGHWAY, EVERETT, MA 02149.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTANT AND REVIEWED PRIOR TO FILING BY OTHERS AT THE SPONSOR WHO ARE RESPONSIBLE FOR THE ADMINISTRATION OF THE TRUST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3As a 501(C)(9) Organization, the Trust is not required to make the documents referenced in Question 19 available to the general public.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4AVERAGE HOURS PER WEEK DEVOTED TO POSITION: AS TRUSTEE, THE BANK OF NEW YORK MELLON PROVIDES ADMINISTRATIVE SERVICES SUCH AS ACTING AS INVESTMENT MANAGER FOR RAYTHEON Welfare Benefits TRUST. THESE SERVICES REQUIRE NUMEROUS INDIVIDUAL BANK EMPLOYEES' INVOLVEMENT IN THE ACTIVITIES OF THE ORGANIZATION AND THUS CANNOT BE QUANTIFIED ON AN HOURLY BASIS. THEREFORE, THE TRUSTEE FEES ARE BASED UPON FACTORS SUCH AS THE MARKET VALUE OF THE ACCOUNT AND IN ACCORDANCE WITH THE BANK OF NEW YORK MELLON'S AGREEMENT WITH RAYTHEON Welfare Benefits TRUST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part vi, SECTION A, LINES 1A & 1B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section A, Line 9
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990 PART VI LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990 PART VI SECTION C LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990 PART VII SECTION A LINE 1A COLUMN (B)
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IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/OwnershipPct00.00000
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt0See Part VII
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt0RAYTHEON TECHNOLOGIES CORPORATION
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IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/AddressLine1Txt08 FARM SPRINGS ROAD 3rd Floor
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/CityNm0farmington
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/StateAbbreviationCd0CT
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IRS990ScheduleR/SupplementalInformationDetail/ExplanationTxt0TO DESIGN, DEVELOP, MANUFACTURE, INTEGRATE AND SUPPORT DEFENSES AND GOVERNMENT ELECTRONICS, SPACE, INFORMATION TECHNOLOGY AND TECHNICAL SERVICES.
IRS990ScheduleR/SupplementalInformationDetail/FormAndLineReferenceDesc0PART IV LINE 1 COLUMN B PRIMARY ACTIVITY
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ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Joe Fazzino
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0VP, Deputy CIO, Pens
ReturnHeader/BusinessOfficerGrp/PhoneNum07815225075
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-11-10
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Raytheon Welfare Benefits Trust
ReturnHeader/Filer/BusinessNameControlTxt0RAYT
ReturnHeader/Filer/EIN0752547072
ReturnHeader/Filer/InCareOfNm0% MEGHAN DRAGINA BNY MELLON
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ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0ERNST & YOUNG US LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0155 N WACKER DRIVE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0CHICAGO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd060606
ReturnHeader/PreparerPersonGrp/PhoneNum03128792000
ReturnHeader/PreparerPersonGrp/PreparationDt02023-11-10
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Morgan Eads
ReturnHeader/ReturnTs02023-11-13T08:36:39-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0Joe
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0Fazzino
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

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