Nonprofit · EIN 95-3386394
NORTHROP GRUMMAN VEBA MASTER TRUST I
Tax-exempt · QUINCY, MA 02171
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,343,837,543 | $1,377,708,990 | -$33,871,447 | $249,501,213 | $907,497 | $248,593,716 |
| December 31, 2023 | 990 | $1,322,069,327 | $1,290,040,045 | $32,029,282 | $284,986,652 | $0 | $284,986,652 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $1,324,643,252
- Investment income
- $19,147,462
- Net gain from sales of assets
- $6,335,077
- Other revenue
- $46,829
Expenses
- Grants and similar amounts paid
- $0
- Benefits paid to members
- $1,295,563,583
- Compensation of officers, directors and key employees
- $25,126
- Salaries, compensation and benefits (total)
- $25,126
- Professional fundraising fees
- $0
- Legal fees
- $218,422
- Accounting fees
- $293,744
Balance sheet and other
- Total assets, start of year
- $284,986,652
- Total assets, end of year
- $249,501,213
- Total liabilities, end of year
- $907,497
- Net assets, end of year
- $248,593,716
- Publicly traded securities
- $92,063,628
- Gross unrelated business income
- $19,194,291
- Gross receipts
- $1,573,591,571
- Employees
- 0
- Volunteers
- 0
- Year formed
- 1988
- State of legal domicile
- MA
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 |
|---|---|---|---|
| STATE STREET BANK | TRUSTEE Institutional trustee | 5 | $25,126 |
| ERIC SCHOLTEN | INVMT COMMITTEE CHAIR Trustee or director, Officer | 0.5 | $0 |
| DENNIS NEWBERRY | INVMT COMMITTEE SECRETARY Trustee or director, Officer | 0.5 | $0 |
| RICHARD BOAK | INVMT COMMITTEE MEMBER Trustee or director | 0.5 | $0 |
| JEFF SCHMIDT | INVMT COMMITTEE MEMBER Trustee or director | 0.5 | $0 |
| SUNIL NAVALE | INVMT COMMITTEE MEMBER Trustee or director | 0.5 | $0 |
| INGRID VAUGHAN | INVMT COMMITTEE MEMBER Trustee or director | 0.5 | $0 |
990 for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| STATE STREET BANK | TRUSTEE Institutional trustee | 5 | $13,743 |
| ERIC SCHOLTEN | INVMT COMMITTEE CHAIR Trustee or director, Officer | 0.5 | $0 |
| DENNIS NEWBERRY | INVMT COMMITTEE SECRETARY Trustee or director, Officer | 0.5 | $0 |
| RICHARD BOAK | INVMT COMMITTEE MEMBER Trustee or director | 0.5 | $0 |
| JEFF SCHMIDT | INVMT COMMITTEE MEMBER Trustee or director | 0.5 | $0 |
| SUNIL NAVALE | INVMT COMMITTEE MEMBER Trustee or director | 0.5 | $0 |
| INGRID VAUGHAN | INVMT COMMITTEE MEMBER Trustee or director | 0.5 | $0 |
Address and contacts
- Address (IRS master file)
- 1776 HERITAGE DRIVE 3RD FLOOR, QUINCY, MA 02171-2119
- In care of
- % STATE STREET BANK
- Principal officer (990 for 2024)
- ERIC SCHOLTEN, 101 CONTINENTAL BLVD, EL SEGUNDO, CA 90245
- Signed the 990
- STATE STREET BANK, TRUSTEE
- Phone
- (617) 662-6858
- Return prepared by
- PKF O'CONNOR DAVIES ADVISORY LLC
Mission
THE PRIMARY PURPOSE OF VEBA I ("VEBA I") IS TO PROVIDE HEALTH CARE AND LIFE INSURANCE BENEFITS TO ELIGIBLE EMPLOYEES AND THEIR DEPENDENTS AS SET FORTH IN THE NORTHROP GRUMMAN CORPORATION VEBA MASTER TRUST I.
Program accomplishments
- PAYMENT OF HEALTH CARE AND LIFE INSURANCE CLAIMS FOR ELIGIBLE EMPLOYEES AND THEIR DEPENDENTS UNDER THE NORTHROP GRUMMAN CORPORATION VEBA MASTER TRUST I.
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
- 95-3386394
- Tax-exempt status
- 501(c)(9): Voluntary employees' beneficiary association
- Donations deductible
- No
- Exempt since
- 1988
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Mutual and membership benefit (Y20Z)
- Assets (IRS master file)
- $249,501,213
- Income (IRS master file)
- $1,573,591,571
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,343,837,543 | $1,377,708,990 | $249,501,213 | XML |
| 990 | December 2023 | $1,322,069,327 | $1,290,040,045 | $284,986,652 | XML |
| 990 | December 2022 | $1,219,541,017 | $1,232,951,184 | $251,344,738 | 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 95-3386394).
Questions about NORTHROP GRUMMAN VEBA MASTER TRUST I
- What is the EIN of NORTHROP GRUMMAN VEBA MASTER TRUST I?
- The employer identification number (EIN) of NORTHROP GRUMMAN VEBA MASTER TRUST I is 95-3386394.
- Is NORTHROP GRUMMAN VEBA MASTER TRUST I tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(9) since 1988.
- Are donations to NORTHROP GRUMMAN VEBA MASTER TRUST I tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does NORTHROP GRUMMAN VEBA MASTER TRUST I 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 NORTHROP GRUMMAN VEBA MASTER TRUST I 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 NORTHROP GRUMMAN VEBA MASTER TRUST I 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 NORTHROP GRUMMAN VEBA MASTER TRUST I?
- The 990 for the year ended December 31, 2024 names ERIC SCHOLTEN.
- Who are the officers and directors of NORTHROP GRUMMAN VEBA MASTER TRUST I?
- The 990 for the year ended December 31, 2024 lists 7 people; 1 received compensation from the organization, the highest $25,126 (STATE STREET BANK, TRUSTEE).
- How much revenue does NORTHROP GRUMMAN VEBA MASTER TRUST I have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,343,837,543, expenses of $1,377,708,990 and total assets of $249,501,213 at year end.
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