Dana Non-Union Retiree Veba Trust
- Assets
- $42.0m
- Revenue
- $2.8m
- Investments
- $1.2k
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 09/2008
- Data as of
- 12/2023
- EIN
- 20-7392576
Organization Overview
Dana Non-Union Retiree Veba Trust is located in Chicago, IL. The organization was established in 2008. According to its NTEE Classification (Y43) the organization is classified as: Voluntary Employees Beneficiary Associations (Non-Government), under the broad grouping of Mutual & Membership Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Dana Non-Union Retiree Veba Trust is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.
For the year ending 12/2023, Dana Non-Union Retiree Veba Trust generated $2.8m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (9.1%) each year. All expenses for the organization totaled $6.1m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (3.8%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE PLAN WAS ESTABLISHED AS A VEBA TO PROVIDE CERTAIN MEDICAL & PRESCRIPTION DRUG BENEFITS TO ELIGIBLE NON-UNION RETIRED EMPLOYEES, SURVIVING SPOUSES & DEPENDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDES CERTAIN MEDICAL AND PRESCRIPTION DRUG BENEFITS TO ELIGIBLE NON-UNION RETIRED EMPLOYEES, SURVIVING SPOUSES AND DEPENDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Donna R Doyle Chairperson | OfficerTrustee | 5 | $12,000 |
John Black Trustee | Trustee | 3 | $8,000 |
Timothy Zorn Trustee (eff. 04/2023) | Trustee | 3 | $4,000 |
Thomas Schlemmer Trustee (thru 04/2023) | Trustee | 3 | $2,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Comprehensive Benefits Consultants Claims Administrator | 12/30/23 | $333,866 |
Mycio Wealth Partners Llc Financial Consulting | 12/30/23 | $102,849 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $1,282,580 |
| Investment income | $1,158,128 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $368,487 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,809,195 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $5,498,931 |
| Compensation of current officers, directors, key employees. | $26,000 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $45,204 |
| Fees for services: Accounting | $39,377 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $102,849 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $35,610 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $25,965 |
| All other expenses | $0 |
| Total functional expenses | $6,122,046 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $742,648 |
| Savings and temporary cash investments | $1,547,149 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $13,348 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $39,585,942 |
| Investments—other securities | $1,161 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $77,709 |
| Total assets | $41,967,957 |
| Accounts payable and accrued expenses | $2,423 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,277,445 |
| Total liabilities | $1,279,868 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $40,688,089 |
| Total liabilities and net assets/fund balances | $41,967,957 |