Cause IQ organization profile

Bae Systems North America Welfare Benefit Trust

Form 990s | Financials | Vendors | Personnel | Peers

Bae Systems North America Welfare Benefit Trust is a health and welfare fund based in Arlington, VA that was founded in 1992. As of 2018 they had $311 million in revenue and $17 million in assets.

The organization is voluntary employees beneficiary association that provides for medical, disability & other benefits. Approximately 50,000 participants were subject to benefits.

Previous legal names or variations of their name include: Bae Systems Welfare Benefit Trust.

EIN:
74-2624710
Location:
Arlington, VA
Type:
501(c)(9)
NTEE:
Y43: Fraternal Beneficiary Societies and Voluntary Employees Associations
Revenue:
$311,947,655
Assets:
$17,836,485
Employees:
0
Founded:
1992

Form 990s for Bae Systems North America Welfare Benefit Trust

Fiscal year endingDate received by IRSFormPDF link
2016-12Jan 18, 2018990 PDF
2015-12Dec 22, 2016990O PDF
2014-12Dec 16, 2015990O PDF
2013-12Dec 18, 2014990O PDF
2012-12Dec 18, 2013990O PDF
...and two more Form 990 PDFs

Financials for Bae Systems North America Welfare Benefit Trust

Revenues

Field2017
Federated campaigns$0
Membership dues$0
Fundraising event contributions$0
Related organizations$0
Government grants (contributions)$0
Normal grants, contributions, etc.$0
Non-cash contributions$0
Program services$285,500,000
Investment income and dividends$76,343
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$26,371,312
Total revenues$311,947,655

Expenses

Field2017
Grants to govts. and orgs. in USA$0
Grants to individuals in USA$0
Grants to govts., orgs., and individuals outside USA$0
Benefits paid to or for members$293,000,000
Compensation of current officers, etc.$4,715
Compensation not included above, to disqualified persons$0
Non-officer salaries and wages$0
Pension/retirement accruals and contributions$0
Other employee benefits$0
Payroll taxes$0
Management fees$0
Legal fees$322,781
Accounting fees$316,528
Lobbying fees$0
Pro. fundraising fees$0
Investment mgmt fees$0
Other fee-for-service$3,079,290
Advertising and promotion$0
Office expenses$0
Information tech. expenses$0
Royalty expenses$0
Occupancy$0
Travel$0
Public official travel and entertainment$0
Conferences, meetings, etc.$0
Interest$0
Payments to affiliates$0
Depreciation, amortization, etc.$0
Insurance$0
All other expenses$7,805,071
Total expenses$304,528,385

Assets

Field2017
Cash (non-interest-bearing)$0
Savings, short-term investments, etc.$17,836,485
Pledges and grants receivable$0
Accounts receivable$0
Loans receivable from officers, directors, etc.$0
Loans receivable from other disqualified persons$0
Notes and loans receivable$0
Inventories for use$0
Prepaid expenses and deferred charges$0
Buildings, equipment, etc. post-depreciation$0
Investments, publicly traded securities$0
Investments, other securities$0
Investments, program-related$0
Intangible assets$0
Other assets$0
Total assets$17,836,485

Liabilities

Field2017
Accounts payable and accrued expenses$0
Grants payable$0
Deferred revenue$0
Tax-exempt bond liabilities$0
Escrow or custodial account liability$0
Loans payable to officers and disqualified persons$0
Secured mortgages and notes payable to unrelated third parties$0
Unsecured notes and loans payable to unrelated third parties$0
Other liabilities$0
Total liabilities$0

Net asset restrictions

Field2017
Unrestricted net assets$0
Temporarily restricted net assets$0
Permanently restricted net assets$0

Performance indicators

Field2017
Total margin2.4%
Working capital$17,836,485
Current assets$17,836,485
Current liabilities$0
Days cash on hand21 days
Acid test liquidity ratio999.00

Vendors for Bae Systems North America Welfare Benefit Trust

VendorServicesAmount paidDate
Pricewaterhousecoopers LLPTax accounting2018-11-13
██████ █████████ ███Actuarial Administration Services$2,202,4232017-12-01
███ ██████████ ███Actuarial Services$1,123,4052017-12-01
███████████ ███Administrative$128,3132017-12-01
█████ ███ █████ █████████Legal Services$327,6352017-12-01
█████████ ████ ███Wellness Program$279,9132017-12-01

Personnel at Bae Systems North America Welfare Benefit Trust

NameTitleCompensationMost recent data
D Scott HowatChairman Administration CMT-Jan. 5, 2018

Peer health and welfare funds

 NameTypeRevenueLocation
1Railroad Employees National Dental Plan and Trust501(c)(9)$107 millionArlington, VA
2Railroad Employees National Early Retirement Major Medical Benefit Plan501(c)(9)$196 millionArlington, VA
3Leidos Health and Welfare Benfits TR501(c)(9)$100 millionReston, VA
4National Railway Carriers & United Trans Union Health & Welfare Plan501(c)(9)$477 millionArlington, VA
5Gannett Group Life Insurance & Medical Care Programs501(c)(9)$103 millionMclean, VA
6Costco Wholesale Corporation Voluntary Employee Benefit TR501(c)(9)$953 millionIssaquah, WA
7Cooper Cameron Voluntary Employees Beneficiary Association501(c)(9)$112 millionHouston, TX
8Bank One Corporation Retiree Health and Welfare Benefits Trust501(c)(9)$87 millionNew York, NY
9Ufcw Local 555-Employers Health Trust501(c)(9)$141 millionTualatin, OR
10Mcmaster-Carr Supply Co Employees Welfare TR501(c)(9)$88 millionElmhurst, IL
11CHS Community Health Systems Inc Veba Trust (Bank of America Na Ttee)501(c)(9)$971 millionFranklin, TN
12Eli Lilly & Co Master Trust for Employee Benefits501(c)(9)$100 millionIndianapolis, IN
13Deseret Healthcare Employee Benefits Trust501(c)(9)$353 millionSalt Lake Cty, UT
14Shell Medical Plan (020011641401)501(c)(9)$571 millionPhoenix, AZ
15Usaa Employee Benefit Association Medical Acctive Lives Trust501(c)(9)$386 millionSan Antonio, TX
16Afl Hotel & Restaurant Workers Health & Welfare Trust Fund501(c)(9)$100 millionHonolulu, HI
17Rensselaer-Columbia-Greene Health Ins TR (Cavanagh Robert Ttee)501(c)(9)$134 millionCastleton on Hudson, NY
18Harrison Electrical Workers Trust Fund501(c)(9)$106 millionPortland, OR
19NFL Player Supplemental Disability Plan Trust (Gaunt Sarah Ttee)501(c)(9)$110 millionBaltimore, MD
20Employee Benefit Trust of Eastern Pennsylvania501(c)(9)$110 millionEaston, PA
21Marsh & Mclennan Companies Employer Funded Welfare Benefit Trust501(c)(9)$234 millionLouisville, KY
22Gpu Companies Health Care Plan for Nonbargaining Retirees501(c)(9)$159 millionBoston, MA
23Writers Guild-Industry Health Fund501(c)(9)$156 millionBurbank, CA
24Meijer Inc Employee Benefits Plan and Trust501(c)(9)$227 millionGrand Rapids, MI
25Gordon Food Service Inc Employees Benefit Trust501(c)(9)$88 millionGrand Rapids, MI

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