Civic Intelligence

Post 2014 Veba Trust Cleveland Cliffs Hibbing Management LLC

990 • Fiscal year 2020 • EIN 84-3608142

Jan 01, 2020 to Dec 31, 2020 • Filed on Feb 24, 2022

1 South Dearborn 19th FloorChicago, IL 60603

(312) 899-3400

Siviq Scores

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

Liabilities / Assets

44th percentile

0.00x

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

2020 filings • 501(c)9 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

45th percentile

0.00x

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

2020 filings • 501(c)9 • $1M-$5M nonprofits • Source year 2020

Net Margin

56th percentile

7.1%

Higher net margin than 56% of similar nonprofits.

2020 filings • 501(c)9 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

56th percentile

$0

Higher top officer pay than 56% of similar nonprofits.

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

2020 filings • 501(c)9 • $1M-$5M nonprofits • Source year 2020

Asset Growth

Score unavailable

No value available

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

Source year 2020

Revenue Growth

Score unavailable

No value available

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

Source year 2020

Assets

$1,408,473

No earlier filing loaded for comparison.

Net Assets

$1,408,473

No earlier filing loaded for comparison.

Liabilities

$0

No earlier filing loaded for comparison.

Revenue

$565,131

No earlier filing loaded for comparison.

Expenses

$525,193

No earlier filing loaded for comparison.

Net Income

$39,938

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.

$3.0M$2.0M$1.0M$0Assets 2020: $1,408,473Liabilities 2020: $0Net Assets 2020: $1,408,4732020Assets 2022: $2,570,065Liabilities 2022: $0Net Assets 2022: $2,570,0652022

Highlighted filing

2020

Assets$1,408,473
Liabilities$0
Net Assets$1,408,473

Operations Trend

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

$3.0M$2.0M$1.0M$0Revenue 2020: $565,131Expenses 2020: $525,193Net Income 2020: $39,9382020Revenue 2022: $2,004,117Expenses 2022: $868,236Net Income 2022: $1,135,8812022

Highlighted filing

2020

Revenue$565,131
Expenses$525,193
Net Income$39,938
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Feb 24, 2022
Return Version
2020v4.2
Gross Receipts
$565,131
Mission and Program Overview

Mission

Provision of collectively bargained health and welfare benefits to eligible retirees of arcelormittal hibbing management llc

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$0$1,408,473▲ $1,408,473
Savings and Temporary Cash Investments-$1,408,452-
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$0$1,408,473▲ $1,408,473
Other Assets Total$0$21▲ $21
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$0$1,408,473▲ $1,408,473
Total Liabilities and Net Assets / Fund Balance$0$1,408,473▲ $1,408,473
Compensation and Service Providers

Board Members and Trustees

NameTitle
-Trustee
John RebrovichTrustee
Maxine StankichTrustee
Patrick ParkerTrustee
Robert WitherellTrustee
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$560,000
Investment Income
$5,131
Other Revenue
$0
Change in Net Assets
$39,938
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---$525,193
Total Functional Expenses$0$0$0$525,193
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
Yes
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 7A

Members of the veba trust include retirees of arcelormittal hibbing management llc eligible to receive health and welfare benefits

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

Form 990 was provided to all trustees and additionally reviewed in detail by a representative of the veba's trustees prior to filing.

Form 990, Part VI, Section B, Line 15A

The compensation structure for the independent institutional trustee, bny mellon, was reviewed by the sponsoring employer and grantor of the veba trust prior to entering the trustee relationship. Fees assessed are charged at the normal customary rates charged to all trust clients.

Form 990, Part VI, Section C, Line 19

The current form 990 and all current organizing documents are made available upon request.

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

The veba itself does not have a conflict of interest policy, however, the sponsoring employer does. Further, the institutional trustee is a party independent of the sponsoring employer.

Form 990, Part VI, Section B, Line 14

The veba itself does not have a written document retention and destruction policy, however, the sponsoring employer does. The veba follows this policy in practice.

Filing and Contact Details

Filer

Filer Name
Post-2014 Veba Trust - Arcelormittal
EIN
84-3608142
Phone
3128993400
Address
1 SOUTH DEARBORN 19TH FLOOR, CHICAGO, IL 60603

Signing Officer

Name
Maxine Stankich
Title
Trustee
Phone
3128993400
Signed
2022-02-24
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Maxine Stankich
Formed
2020
Legal Domicile
Oh
Voting Board Members
4
Independent Board Members
0
Employees
0
Volunteers
0

Preparer

Firm
Meaden & Moore Ltd
Address
1375 EAST NINTH STREET SUITE 1800, CLEVELAND, OH 44114-1790
Preparer
Karen B Cooney
Phone
2162413272
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

Transfer from other veba trust 1,368,535.

Raw XML Appendix286 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
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IRS990/BenefitsToMembersGrp/TotalAmt0525193
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0DIRECTOR PENSIONS AND INVESTMENTS
IRS990/BooksInCareOfDetail/PhoneNum03128993400
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt01 SOUTH DEARBORN 19TH FLOOR
IRS990/BooksInCareOfDetail/USAddress/CityNm0CHICAGO
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IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
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IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt30.50
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IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/InstitutionalTrusteeInd0X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/PersonNm0MAXINE STANKICH
IRS990/Form990PartVIISectionAGrp/PersonNm1PATRICK PARKER
IRS990/Form990PartVIISectionAGrp/PersonNm2ROBERT WITHERELL
IRS990/Form990PartVIISectionAGrp/PersonNm3JOHN REBROVICH
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/TitleTxt0TRUSTEE
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IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02020
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedInd00
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt04
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt0565131
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt00
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
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IRS990/InitialReturnInd0X
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IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt05131
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0OH
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingOtherInd0X
IRS990/MinutesOfCommitteesInd01
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IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NameChangeInd0X
IRS990/NetAssetsOrFundBalancesEOYAmt01408473
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt00
IRS990/OtherAssetsTotalGrp/EOYAmt021
IRS990/OtherChangesInNetAssetsAmt01368535
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd00
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IRS990/ProfessionalFundraisingInd00
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IRS990/ProgramServiceRevenueGrp/Desc0EMPLOYER CONTRIBUTION
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0560000
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IRS990/ProhibitedTaxShelterTransInd00
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt039938
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
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IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt00
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IRS990/SavingsAndTempCashInvstGrp/EOYAmt01408452
IRS990/ScheduleBRequiredInd00
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0MEMBERS OF THE VEBA TRUST INCLUDE RETIREES OF ARCELORMITTAL HIBBING MANAGEMENT LLC ELIGIBLE TO RECEIVE HEALTH AND WELFARE BENEFITS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1FORM 990 WAS PROVIDED TO ALL TRUSTEES AND ADDITIONALLY REVIEWED IN DETAIL BY A REPRESENTATIVE OF THE VEBA'S TRUSTEES PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE COMPENSATION STRUCTURE FOR THE INDEPENDENT INSTITUTIONAL TRUSTEE, BNY MELLON, WAS REVIEWED BY THE SPONSORING EMPLOYER AND GRANTOR OF THE VEBA TRUST PRIOR TO ENTERING THE TRUSTEE RELATIONSHIP. FEES ASSESSED ARE CHARGED AT THE NORMAL CUSTOMARY RATES CHARGED TO ALL TRUST CLIENTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE CURRENT FORM 990 AND ALL CURRENT ORGANIZING DOCUMENTS ARE MADE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE VEBA ITSELF DOES NOT HAVE A CONFLICT OF INTEREST POLICY, HOWEVER, THE SPONSORING EMPLOYER DOES. FURTHER, THE INSTITUTIONAL TRUSTEE IS A PARTY INDEPENDENT OF THE SPONSORING EMPLOYER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5TRANSFER FROM OTHER VEBA TRUST 1,368,535.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE VEBA ITSELF DOES NOT HAVE A WRITTEN DOCUMENT RETENTION AND DESTRUCTION POLICY, HOWEVER, THE SPONSORING EMPLOYER DOES. THE VEBA FOLLOWS THIS POLICY IN PRACTICE.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 12A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XI, LINE 9:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART VI, SECTION B, LINE 14
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ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd00
ReturnHeader/BuildTS02022-09-23 18:48:47Z
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ReturnHeader/BusinessOfficerGrp/PersonNm0MAXINE STANKICH
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TRUSTEE
ReturnHeader/BusinessOfficerGrp/PhoneNum03128993400
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-02-24
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0POST-2014 VEBA TRUST - ARCELORMITTAL
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ReturnHeader/PreparerPersonGrp/PhoneNum02162413272
ReturnHeader/PreparerPersonGrp/PreparationDt02022-02-24
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0KAREN B COONEY
ReturnHeader/ReturnTs02022-02-25T05:47:32-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0MAXINE
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0STANKICH
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

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