Nonprofit · EIN 35-1589453
ELI LILLY & CO MASTER TRUST FOR EMPLOYEE BENEFITS
Tax-exempt · INDIANAPOLIS, IN 46285
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $252,929,137 | $271,778,741 | -$18,849,604 | $26,383,649 | $7,428,449 | $18,955,200 |
| December 31, 2023 | 990 | $418,252,260 | $236,585,178 | $181,667,082 | $299,620,260 | $103,752,546 | $195,867,714 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $241,871,000
- Investment income
- $11,058,137
- Net gain from sales of assets
- $107
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Benefits paid to members
- $263,587,468
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $112,960
Balance sheet and other
- Total assets, start of year
- $299,620,260
- Total assets, end of year
- $26,383,649
- Total liabilities, end of year
- $7,428,449
- Net assets, end of year
- $18,955,200
- Gross receipts
- $255,836,817
- Employees
- 0
- Volunteers
- 0
- Year formed
- 1983
- State of legal domicile
- IN
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 |
|---|---|---|---|
| THE NORTHERN TRUST COMPANY | TRUSTEE Institutional trustee | 1 | $215,767 |
990 for the year ended December 31, 2023: 1 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| THE NORTHERN TRUST COMPANY | TRUSTEE Institutional trustee | 1 | $148,213 |
Address and contacts
- Address (IRS master file)
- LILLY CORPORATE CENTER, INDIANAPOLIS, IN 46285-0001
- In care of
- % ELI LILLY & TAX DIV DC 1074
- Principal officer (990 for 2024)
- JANE A KIRKHAM, LILLY CORPORATE CENTER, INDIANAPOLIS, IN 46285
- Signed the 990
- JANE A KIRKHAM, FUND ADVISORY COMMITTEE DELEGATE
- Phone
- (317) 276-2000
- Return prepared by
- PLANTE & MORAN PLLC
Mission
THE ELI LILLY & COMPANY MASTER TRUST FOR EMPLOYEE BENEFITS IS A VOLUNTARY EMPLOYEES' BENEFICIARY ASSOCIATION (VEBA) TRUST. THE PURPOSE OF THE MASTER TRUST IS TO PROVIDE FOR THE CONTINUED FUNDING OF MEDICAL AND DENTAL BENEFIT PAYMENTS TO ACTIVE EMPLOYEES, THEIR DEPENDENTS AND BENEFICIARIES, AS AUTHORIZED AND DEFINED BY EACH OF THE HEALTH PLANS.
Program accomplishments
- THE MASTER TRUST PROVIDES FUNDING FOR MEDICAL AND DENTAL BENEFITS FOR ELIGIBLE EMPLOYEES OF ELI LILLY & CO.
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
- 35-1589453
- Tax-exempt status
- 501(c)(9): Voluntary employees' beneficiary association
- Donations deductible
- No
- Exempt since
- 2006
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Mutual and membership benefit (Y43)
- Assets (IRS master file)
- $26,383,649
- Income (IRS master file)
- $255,836,817
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $252,929,137 | $271,778,741 | $26,383,649 | IRS |
| 990 | December 2023 | $418,252,260 | $236,585,178 | $299,620,260 | XML |
| 990 | December 2022 | $10,382,941 | $7,697,794 | $13,112,209 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | 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 35-1589453).
Questions about ELI LILLY & CO MASTER TRUST FOR EMPLOYEE BENEFITS
- What is the EIN of ELI LILLY & CO MASTER TRUST FOR EMPLOYEE BENEFITS?
- The employer identification number (EIN) of ELI LILLY & CO MASTER TRUST FOR EMPLOYEE BENEFITS is 35-1589453.
- Is ELI LILLY & CO MASTER TRUST FOR EMPLOYEE BENEFITS tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(9) since 2006.
- Are donations to ELI LILLY & CO MASTER TRUST FOR EMPLOYEE BENEFITS tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does ELI LILLY & CO MASTER TRUST FOR EMPLOYEE BENEFITS 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 ELI LILLY & CO MASTER TRUST FOR EMPLOYEE BENEFITS 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 ELI LILLY & CO MASTER TRUST FOR EMPLOYEE BENEFITS 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 ELI LILLY & CO MASTER TRUST FOR EMPLOYEE BENEFITS?
- The 990 for the year ended December 31, 2024 names JANE A KIRKHAM.
- Who are the officers and directors of ELI LILLY & CO MASTER TRUST FOR EMPLOYEE BENEFITS?
- The 990 for the year ended December 31, 2024 lists 1 person; 1 received compensation from the organization, the highest $215,767 (THE NORTHERN TRUST COMPANY, TRUSTEE).
- How much revenue does ELI LILLY & CO MASTER TRUST FOR EMPLOYEE BENEFITS have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $252,929,137, expenses of $271,778,741 and total assets of $26,383,649 at year end.
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