Nonprofit · EIN 25-1809780
BP CORPORATION NORTH AMERICA INC VEBA MASTER TRUST
Tax-exempt · HOUSTON, TX 77079
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $459,807,777 | $441,257,909 | $18,549,868 | $26,325,287 | $3,611 | $26,321,676 |
| December 31, 2023 | 990 | $414,463,881 | $417,949,792 | -$3,485,911 | $7,775,307 | $3,499 | $7,771,808 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $459,170,328
- Investment income
- $637,449
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Benefits paid to members
- $427,633,440
- Compensation of officers, directors and key employees
- $19,420
- Salaries, compensation and benefits (total)
- $19,420
- Professional fundraising fees
- $0
Balance sheet and other
- Total assets, start of year
- $7,775,307
- Total assets, end of year
- $26,325,287
- Total liabilities, end of year
- $3,611
- Net assets, end of year
- $26,321,676
- Gross receipts
- $459,807,777
- Employees
- 0
- Volunteers
- 0
- Year formed
- 1998
- 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.
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| JP MORGAN CHASE BANK NA | TRUSTEE Institutional trustee | 0.01 | $19,420 | $130,190 |
990 for the year ended December 31, 2023: 1 people
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| JP MORGAN CHASE BANK NA | TRUSTEE Institutional trustee | 0.01 | $17,503 | $190,092 |
Address and contacts
- Address (IRS master file)
- 501 WESTLAKE PARK BLVD, HOUSTON, TX 77079-2604
- In care of
- % CRYSTAL HOARD
- Principal officer (990 for 2024)
- GREG DAGLEY, 501 WESTLAKE PARK BOULEVARD, HOUSTON, TX 77079
- Signed the 990
- JP MORGAN, JP MORGAN CHASE BANK NA - TRUS
- Phone
- (832) 789-3278
- Return prepared by
- KPMG LLP
Mission
THE VOLUNTARY EMPLOYEE BENEFICIARY ASSOCIATION (VEBA) PROVIDES PAYMENT OF HEALTH AND PROTECTION BENEFITS FOR ELIGIBLE ACTIVE AND RETIRED PARTICIPANTS OF BP CORPORATION NORTH AMERICA, INC. AND ITS AFFILIATES.
Program accomplishments
- PROVISION OF HEALTH AND PROTECTION BENEFITS TO ELIGIBLE ACTIVE AND RETIRED PARTICIPANTS OF BP CORPORATION NORTH AMERICA, INC. AND ITS AFFILIATES.Expenses $441,257,909 · revenue $459,170,328
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 year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 25-1809780
- Tax-exempt status
- 501(c)(9): Voluntary employees' beneficiary association
- Donations deductible
- No
- Exempt since
- 2000
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Mutual and membership benefit (Y43)
- Assets (IRS master file)
- $26,325,287
- Income (IRS master file)
- $459,807,777
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $459,807,777 | $441,257,909 | $26,325,287 | XML |
| 990 | December 2023 | $414,463,881 | $417,949,792 | $7,775,307 | XML |
| 990 | December 2022 | $421,074,334 | $414,399,151 | $11,260,778 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 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 25-1809780).
Questions about BP CORPORATION NORTH AMERICA INC VEBA MASTER TRUST
- What is the EIN of BP CORPORATION NORTH AMERICA INC VEBA MASTER TRUST?
- The employer identification number (EIN) of BP CORPORATION NORTH AMERICA INC VEBA MASTER TRUST is 25-1809780.
- Is BP CORPORATION NORTH AMERICA INC VEBA MASTER TRUST tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(9) since 2000.
- Are donations to BP CORPORATION NORTH AMERICA INC VEBA MASTER TRUST tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does BP CORPORATION NORTH AMERICA INC VEBA MASTER TRUST 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 BP CORPORATION NORTH AMERICA INC VEBA MASTER TRUST 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 BP CORPORATION NORTH AMERICA INC VEBA MASTER TRUST 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 BP CORPORATION NORTH AMERICA INC VEBA MASTER TRUST?
- The 990 for the year ended December 31, 2024 names GREG DAGLEY.
- Who are the officers and directors of BP CORPORATION NORTH AMERICA INC VEBA MASTER TRUST?
- The 990 for the year ended December 31, 2024 lists 1 person; 1 received compensation from the organization, the highest $19,420 (JP MORGAN CHASE BANK NA, TRUSTEE).
- How much revenue does BP CORPORATION NORTH AMERICA INC VEBA MASTER TRUST have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $459,807,777, expenses of $441,257,909 and total assets of $26,325,287 at year end.
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