Lockheed Martin Corporaton Benefit Tr For Collectively Bargained Empl

Bethesda, MD
Tax-exempt since June 2003
EIN: 13-3507980

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Type of Nonprofit

Designated as a 501(c)(9) Voluntary employees' beneficiary associations, which provide payment of life, sickness, accident or other benefits to members.

Donations to this organization are not tax deductible.

Revenue

$64.4M (2024)

Expenses

$54.5M (2024)

Total Assets

$714M (2024)

Total Liabilities

$133k (2024)

Source: Form 990 tax filings from 2010 to 2024

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2024

Revenue

$64,440,350

Expenses

$54,512,646

Net Income

$9,927,704

Net Assets

$713,645,152

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$9,803,104	15.2%
Investment Income	$16,192,573	25.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$38,381,554	59.6%
Net Inventory Sales	$0
Other Revenue	$63,119	0.1%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$713,778,155
Total Liabilities	$133,003
Net Assets	$713,645,152

Compensation

Key Employees and Officers	Compensation	Related	Other
Bny Mellon (Trustee)	$55,572	$0	$0

990

Filed on Oct. 22, 2025

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2023

Revenue

$85,436,834

Expenses

$57,611,171

Net Income

$27,825,663

Net Assets

$688,703,934

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$10,594,935	12.4%
Investment Income	$15,986,218	18.7%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$58,829,696	68.9%
Net Inventory Sales	$0
Other Revenue	$25,985	0.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$688,894,714
Total Liabilities	$190,780
Net Assets	$688,703,934

Compensation

Key Employees and Officers	Compensation	Related	Other
Bny Mellon (Trustee)	$26,318	$0	$0

990

Filed on Nov. 8, 2024

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2022

Revenue

-$76,145,633

Expenses

$59,437,515

Net Income

-$135,583,148

Net Assets

$622,465,633

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$12,487,451
Investment Income	$14,801,258
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	-$104,072,319
Net Inventory Sales	$0
Other Revenue	$637,977

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$622,767,478
Total Liabilities	$301,845
Net Assets	$622,465,633

Compensation

Key Employees and Officers	Compensation	Related	Other
Northern Trust Company (Trustee Thru 8/31/22)	$72,562	$0	$0
Bny Mellon (Trustee From 9/1/22)	$0	$0	$0

990

Filed on Nov. 3, 2023

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2021

Revenue

$85,280,013

Expenses

$58,029,958

Net Income

$27,250,055

Net Assets

$814,369,412

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$12,733,686	14.9%
Investment Income	$13,608,608	16.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$58,936,609	69.1%
Net Inventory Sales	$0
Other Revenue	$1,110	0.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$71,698	0.1%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$814,478,745
Total Liabilities	$109,333
Net Assets	$814,369,412

Compensation

Key Employees and Officers	Compensation	Related	Other
Northern Trust Company (Trustee)	$71,698	$0	$0

990

Filed on Oct. 21, 2022

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2020

Revenue

$43,685,396

Expenses

$62,473,255

Net Income

-$18,787,859

Net Assets

$779,718,954

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$14,084,239	32.2%
Investment Income	$12,749,068	29.2%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$16,852,089	38.6%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$61,238	0.1%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$779,841,220
Total Liabilities	$122,266
Net Assets	$779,718,954

Compensation

Key Employees and Officers	Compensation	Related	Other
Northern Trust Company (Trustee)	$61,238	$0	$0

990

Filed on Nov. 15, 2021

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2019

Revenue

$82,400,049

Expenses

$68,459,919

Net Income

$13,940,130

Net Assets

$724,486,397

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$43,753,616	53.1%
Investment Income	$18,147,689	22.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$20,484,688	24.9%
Net Inventory Sales	$0
Other Revenue	$14,056	0.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$58,408	0.1%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$741,664,103
Total Liabilities	$17,177,706
Net Assets	$724,486,397

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

PDF (2 of 2)

Fiscal Year Ending Dec.
2018

Revenue

$41,705,030

Expenses

$65,102,568

Net Income

-$23,397,538

Net Assets

$623,068,533

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$14,926,720	35.8%
Investment Income	$16,503,791	39.6%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$10,178,800	24.4%
Net Inventory Sales	$0
Other Revenue	$95,719	0.2%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$55,941	0.1%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$625,256,271
Total Liabilities	$2,187,738
Net Assets	$623,068,533

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2017

Revenue

$77,425,926

Expenses

$77,124,287

Net Income

$301,639

Net Assets

$715,538,116

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$21,289,550	27.5%
Investment Income	$14,900,588	19.2%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$40,700,758	52.6%
Net Inventory Sales	$0
Other Revenue	$535,030	0.7%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$33,347	0.0%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$718,437,772
Total Liabilities	$2,899,656
Net Assets	$715,538,116

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2016

Revenue

$34,633,904

Expenses

$72,476,106

Net Income

-$37,842,202

Net Assets

$686,734,927

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$13,854,733	40.0%
Investment Income	$14,010,692	40.5%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$6,766,474	19.5%
Net Inventory Sales	$0
Other Revenue	$2,005	0.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$83,635	0.1%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$723,107,771
Total Liabilities	$36,372,844
Net Assets	$686,734,927

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2015

Revenue

$95,351,459

Expenses

$75,601,545

Net Income

$19,749,914

Net Assets

$706,590,430

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$78,646,646	82.5%
Investment Income	$11,659,298	12.2%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$4,980,915	5.2%
Net Inventory Sales	$0
Other Revenue	$64,600	0.1%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$85,266	0.1%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$740,166,173
Total Liabilities	$33,575,743
Net Assets	$706,590,430

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2014

Revenue

$93,970,631

Expenses

$75,008,927

Net Income

$18,961,704

Net Assets

$716,696,384

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$28,502,495	30.3%
Investment Income	$13,871,464	14.8%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$51,491,682	54.8%
Net Inventory Sales	$0
Other Revenue	$104,990	0.1%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$737,633,757
Total Liabilities	$20,937,373
Net Assets	$716,696,384

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2013

Revenue

$65,747,111

Expenses

$79,160,180

Net Income

-$13,413,069

Net Assets

$714,121,558

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$53,126,789	80.8%
Investment Income	$12,615,758	19.2%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$4,564	0.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$744,756,318
Total Liabilities	$30,634,760
Net Assets	$714,121,558

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2012

Revenue

$135,066,814

Expenses

$70,481,548

Net Income

$64,585,266

Net Assets

$739,189,391

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$110,914,592	82.1%
Investment Income	$13,038,020	9.7%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$11,114,202	8.2%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$755,957,271
Total Liabilities	$16,767,880
Net Assets	$739,189,391

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2011

Revenue

$41,799,805

Expenses

$87,723,830

Net Income

-$45,924,025

Net Assets

$643,655,110

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$16,206,144	38.8%
Investment Income	$15,632,731	37.4%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$9,960,930	23.8%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$662,975,020
Total Liabilities	$19,319,910
Net Assets	$643,655,110

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2010

Revenue

$97,105,906

Expenses

$80,794,204

Net Income

$16,311,702

Net Assets

$669,411,505

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$60,573,199	62.4%
Investment Income	$15,460,679	15.9%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$21,072,028	21.7%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$712,948,721
Total Liabilities	$43,537,216
Net Assets	$669,411,505

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

PDF (2 of 2)

About This Data

What Is This Data?

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

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Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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Updated December 22, 2025

Lockheed Martin Corporaton Benefit Tr For Collectively Bargained Empl

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $64.4M (2024)

Expenses $54.5M (2024)

Total Assets $714M (2024)

Total Liabilities $133k (2024)

Tax Filings by Year

Fiscal Year Ending Dec. 2024

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2023

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

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990

Fiscal Year Ending Dec. 2022

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2020

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

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990

Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from Form 990

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990

Fiscal Year Ending Dec. 2018

Extracted Financial Data

Extracted Financial Data from Form 990

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990

Fiscal Year Ending Dec. 2017

Extracted Financial Data

Extracted Financial Data from Form 990

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990

Fiscal Year Ending Dec. 2016

Extracted Financial Data

Extracted Financial Data from Form 990

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990

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990

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990

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990

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990

Fiscal Year Ending Dec. 2013

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Dec. 2012

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Dec. 2011

Revenue

$64.4M (2024)

Expenses

$54.5M (2024)

Total Assets

$714M (2024)

Total Liabilities

$133k (2024)

Fiscal Year Ending Dec.
2024

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2023

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2022

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2021

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2020

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