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Nonprofit · EIN 52-1610424

LOCKHEED MARTIN CORPORATION BENEFIT TRUST

Tax-exempt · BETHESDA, MD 20817

Financials

$1.7M$5.3M2023$1.1M$2.1M2024
Revenue Expenses · by fiscal year end
Financials of LOCKHEED MARTIN CORPORATION BENEFIT TRUST by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$1,060,455$2,125,445-$1,064,990$12,471,091$45$12,471,046
December 31, 2023990$1,702,993$5,254,779-$3,551,786$13,536,106$70$13,536,036
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$0
Investment income
$1,060,374
Net gain from sales of assets
$1,060,371
Other revenue
$81

Expenses

Grants and similar amounts paid
$0
Benefits paid to members
$2,122,163
Compensation of officers, directors and key employees
$2,928
Salaries, compensation and benefits (total)
$2,928
Professional fundraising fees
$0

Balance sheet and other

Total assets, start of year
$13,536,106
Total assets, end of year
$12,471,091
Total liabilities, end of year
$45
Net assets, end of year
$12,471,046
Publicly traded securities
$12,444,238
Gross unrelated business income
-$3,000
Gross receipts
$1,060,455
Employees
0
Volunteers
0
Year formed
1988
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$2,928
990 for the year ended December 31, 2023: 1 people
NameTitleHours / weekCompensation
BNY MELLONTRUSTEE
Institutional trustee
1$5,631

Address and contacts

Address (IRS master file)
6801 ROCKLEDGE DRIVE MP 150, BETHESDA, MD 20817-1803
In care of
% NORTHERN TR
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 PLAN IS TO PROVIDE A SOURCE OF FUNDING FOR MEDICAL BENEFIT COVERAGE TO MEMBERS WHO ARE NON-COLLECTIVELY BARGAINED RETIRED EMPLOYEES AND THEIR COVERED DEPENDENTS.

990 for the year ended December 31, 2024

Program accomplishments

  • PAYMENT OF MEDICAL BENEFITS TO ELIGIBLE PARTICIPANTS AND DEPENDENTS OF LOCKHEED MARTIN CORPORATION.

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
52-1610424
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)
$12,471,091
Income (IRS master file)
$1,060,455

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$1,060,455$2,125,445$12,471,091XML
990December 2023$1,702,993$5,254,779$13,536,106XML
990December 2022$8,982,664$8,141,960$17,090,287IRS
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 52-1610424).

Questions about LOCKHEED MARTIN CORPORATION BENEFIT TRUST

What is the EIN of LOCKHEED MARTIN CORPORATION BENEFIT TRUST?
The employer identification number (EIN) of LOCKHEED MARTIN CORPORATION BENEFIT TRUST is 52-1610424.
Is LOCKHEED MARTIN CORPORATION BENEFIT TRUST tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(9) since 2003.
Are donations to LOCKHEED MARTIN CORPORATION BENEFIT TRUST tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does LOCKHEED MARTIN CORPORATION BENEFIT 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 LOCKHEED MARTIN CORPORATION BENEFIT 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 LOCKHEED MARTIN CORPORATION BENEFIT 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 LOCKHEED MARTIN CORPORATION BENEFIT TRUST?
The 990 for the year ended December 31, 2024 names MICHAEL SCHAFFER.
Who are the officers and directors of LOCKHEED MARTIN CORPORATION BENEFIT TRUST?
The 990 for the year ended December 31, 2024 lists 1 person; 1 received compensation from the organization, the highest $2,928 (BNY MELLON, TRUSTEE).
How much revenue does LOCKHEED MARTIN CORPORATION BENEFIT TRUST have?
On its 990 for the year ended December 31, 2024 it reported revenue of $1,060,455, expenses of $2,125,445 and total assets of $12,471,091 at year end.

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