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Nonprofit · EIN 13-3507980

LOCKHEED MARTIN CORPORATON BENEFIT TR FOR COLLECTIVELY BARGAINED EMPL

Tax-exempt · BETHESDA, MD 20817

Financials

$85.4M$57.6M2023$64.4M$54.5M2024
Revenue Expenses · by fiscal year end
Financials of LOCKHEED MARTIN CORPORATON BENEFIT TR FOR COLLECTIVELY BARGAINED EMPL by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$64,440,350$54,512,646$9,927,704$713,778,155$133,003$713,645,152
December 31, 2023990$85,436,834$57,611,171$27,825,663$688,894,714$190,780$688,703,934
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$9,803,104
Investment income
$54,574,127
Net gain from sales of assets
$38,381,554
Other revenue
$63,119

Expenses

Grants and similar amounts paid
$0
Benefits paid to members
$54,183,607
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0

Balance sheet and other

Total assets, start of year
$688,894,714
Total assets, end of year
$713,778,155
Total liabilities, end of year
$133,003
Net assets, end of year
$713,645,152
Publicly traded securities
$710,311,846
Gross receipts
$236,712,496
Employees
0
Volunteers
0
Year formed
1989
State of legal domicile
NY

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
BNY MELLONTRUSTEE
Institutional trustee
1$55,572
990 for the year ended December 31, 2023: 1 people
NameTitleHours / weekCompensation
BNY MELLONTRUSTEE
Institutional trustee
1$26,318

Address and contacts

Address (IRS master file)
6801 ROCKLEDGE DRIVE MP 150, BETHESDA, MD 20817-1803
In care of
% NORTHERN TRUST COMPANY
Principal officer (990 for 2024)
MICHAEL SCHAFFER, 6801 ROCKLEDGE DRIVE MP 150, BETHESDA, MD 20817
Signed the 990
MICHAEL J SCHAFFER, COO
Phone
(301) 571-7155
Return prepared by
KPMG LLP

Mission

THE PRIMARY EXEMPT PURPOSE OF THE WELFARE BENEFIT TRUST IS TO PROVIDE A SOURCE OF FUNDING FOR MEDICAL BENEFIT COVERAGE TO MEMBERS WHO ARE COLLECTIVELY BARGAINED RETIRED EMPLOYEES AND THEIR COVERED DEPENDENTS.

990 for the year ended December 31, 2024

Program accomplishments

  • THE VEBA PROVIDES A SOURCE OF FUNDING FOR MEDICAL BENEFIT COVERAGE TO ITS COLLECTIVELY BARGAINED RETIRED EMPLOYEES AND THEIR COVERED DEPENDENTS.

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
13-3507980
Tax-exempt status
501(c)(9): Voluntary employees' beneficiary association
Donations deductible
No
Exempt since
2003
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$713,778,155
Income (IRS master file)
$236,712,496

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$64,440,350$54,512,646$713,778,155XML
990December 2023$85,436,834$57,611,171$688,894,714XML
990December 2022-$76,145,633$59,437,515$622,767,478IRS
990December 2021–––IRS
990December 2020–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 13-3507980).

Questions about LOCKHEED MARTIN CORPORATON BENEFIT TR FOR COLLECTIVELY BARGAINED EMPL

What is the EIN of LOCKHEED MARTIN CORPORATON BENEFIT TR FOR COLLECTIVELY BARGAINED EMPL?
The employer identification number (EIN) of LOCKHEED MARTIN CORPORATON BENEFIT TR FOR COLLECTIVELY BARGAINED EMPL is 13-3507980.
Is LOCKHEED MARTIN CORPORATON BENEFIT TR FOR COLLECTIVELY BARGAINED EMPL tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(9) since 2003.
Are donations to LOCKHEED MARTIN CORPORATON BENEFIT TR FOR COLLECTIVELY BARGAINED EMPL tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does LOCKHEED MARTIN CORPORATON BENEFIT TR FOR COLLECTIVELY BARGAINED EMPL file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of LOCKHEED MARTIN CORPORATON BENEFIT TR FOR COLLECTIVELY BARGAINED EMPL due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did LOCKHEED MARTIN CORPORATON BENEFIT TR FOR COLLECTIVELY BARGAINED EMPL last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of LOCKHEED MARTIN CORPORATON BENEFIT TR FOR COLLECTIVELY BARGAINED EMPL?
The 990 for the year ended December 31, 2024 names MICHAEL SCHAFFER.
Who are the officers and directors of LOCKHEED MARTIN CORPORATON BENEFIT TR FOR COLLECTIVELY BARGAINED EMPL?
The 990 for the year ended December 31, 2024 lists 1 person; 1 received compensation from the organization, the highest $55,572 (BNY MELLON, TRUSTEE).
How much revenue does LOCKHEED MARTIN CORPORATON BENEFIT TR FOR COLLECTIVELY BARGAINED EMPL have?
On its 990 for the year ended December 31, 2024 it reported revenue of $64,440,350, expenses of $54,512,646 and total assets of $713,778,155 at year end.

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