Uaw-Ford Voluntary Employees Beneficiary Association Trust Fund
- Assets
- $36.9m
- Revenue
- $5.5m
- Investments
- $0.0
- Employees
- 21
- Location
- Detroit, MI
- Founding
- Data as of
- 12/2021
- EIN
- 85-0748670
Organization Overview
Uaw-Ford Voluntary Employees Beneficiary Association Trust Fund, operating under the name Uaw-Ford Veba, is located in Detroit, MI. As of 12/2021, Uaw-Ford Veba employed 21 individuals. Uaw-Ford Veba is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE FINANCIAL AND OTHER SUPPORT FOR THE FOLLOWING PROGRAMS AS SET FORTH IN THE PLAN: 1. THE UAW - FORD JOINT APPRENTICESHIP AND TRAINING PROGRAM 2. THE UAW - FORD TUITION ASSISTANCE PROGRAM 3. THE UAW - FORD EMPLOYEE SUPPORT SERVICES PROGRAM 4. ANY OTHER APPROPRIATE PROGRAMS TO WHICH THE EMPLOYER AND THE UNION MAY AGREE. TO PROVIDE ALL REASONABLE AND NECESSARY OPERATING, ADMINISTRATIVE, AND OTHER EXPENSES OF THE TRUST FUND AS PROVIDED FOR IN THE COLLECTIVE BARGAINING AGREEMENT AND AS ACCEPTED BY THE EMPLOYER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE FINANCIAL AND OTHER SUPPORT FOR THE FOLLOWING PROGRAMS AS SET FORTH IN THE PLAN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chuck Browning Vice Preside | Trustee | $0 | |
Johanna Shea Manager | Trustee | $0 | |
Mae Smitherman-Smith Controller | Trustee | $0 | |
Reggie Ransom Admin. Assis | Trustee | $0 | |
Mike Lank Executive Di | Trustee | $0 | |
Kevin Legel Vice Preside | Trustee | $0 |
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 | $5,437,002 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,452,627 |
| 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 | $5,003,543 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $825,734 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $241,732 |
| Payroll taxes | $66,614 |
| Fees for services: Management | $400,850 |
| Fees for services: Legal | $46,179 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,021,589 |
| Advertising and promotion | $0 |
| Office expenses | $79,461 |
| Information technology | $209,909 |
| Royalties | $0 |
| Occupancy | $119,743 |
| Travel | $9,153 |
| 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 | $1,432,539 |
| Insurance | $45,392 |
| All other expenses | $0 |
| Total functional expenses | $9,502,438 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,354,578 |
| Savings and temporary cash investments | $0 |
| 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 | $1,705,185 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $33,820,201 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $36,879,964 |
| Accounts payable and accrued expenses | $2,716,780 |
| 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 | $102,238 |
| Other liabilities | $12,152 |
| Total liabilities | $2,831,170 |
| 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 | $34,048,794 |
| Total liabilities and net assets/fund balances | $36,879,964 |
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