Northrop Grumman Innovation Systems Veba Trust

Organization Overview

Northrop Grumman Innovation Systems Veba Trust is located in El Segundo, CA. The organization was established in 1992. 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. Northrop Grumman Innovation Systems 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 12/2021, Northrop Grumman Innovation Systems Veba Trust generated $499.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (25.0%) each year. All expenses for the organization totaled $2.4m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE TRUST WAS CREATED FOR THE EXCLUSIVE PURPOSE OF PROVIDING MEDICAL AND LIFE INSURANCE BENEFITS TO THE ELIGIBLE REITREES AND THEIR DEPENDENTS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROVIDED MEDICAL AND LIFE INSURANCE BENEFITS TO ELIGIBLE REITREES AND THEIR DEPENDENTS UNDER THE NORTHROP GRUMMAN INNOVATION SYSTEMS, INC. BENEFIT PROGRAMS. TOTAL BENFITS PAID (OR FOR THE BENEFIT OF) PARTICIPANTS AND THEIR DEPENDENTS DURING THE YEAR WERE $1,432,192.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Via Benefits (Fka Oneexchangeacclaris
Life Insurance Claims
$802,313
Metlife Inc
Medical Claims
$611,037
Deloitte & Touche Llp
Accounting Services
$142,295
View All Vendors

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$1,691
Investment income $267
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $78
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $499,493

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