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Cleveland Cliffs Steel Llc Veba Trust

Organization summary

Type of Nonprofit

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

Category: Mutual/Membership Benefit Organizations, Other / Voluntary Employees Beneficiary Associations (Non-Government) (NTEE)

Donations to this organization are not tax deductible.

Summary charts: organization finances over time

Revenue
$76.5M (2023)

Expenses
$55.7M (2023)

Total Assets
$458M (2023)

Total Liabilities
$2.44M (2023)

Source: Form 990 tax filings from 2011 to 2023

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.
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$76,472,908
Expenses
$55,735,656
Net Income
$20,737,252
Net Assets
$455,801,342
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $8,220,000
10.7%
Investment Income $11,241,443
14.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $57,001,615
74.5%
Net Inventory Sales $0
Other Revenue $9,850
0.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $27,668
0.0%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $458,241,569
Total Liabilities $2,440,227
Net Assets $455,801,342
Compensation
Key Employees and Officers Compensation Related Other
The Bank Of New York Mellon (Inst Trustee) $27,668 $0 $0

Document Links

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$96,911,835
Expenses
$67,575,466
Net Income
$29,336,369
Net Assets
$453,202,150
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $93,635,069
96.6%
Investment Income $8,840,551
9.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$5,587,215
Net Inventory Sales $0
Other Revenue $23,430
0.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $6,250
0.0%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $456,082,727
Total Liabilities $2,880,577
Net Assets $453,202,150
Compensation
Key Employees and Officers Compensation Related Other
The Bank Of New York Mellon (Inst Trustee) $6,250 $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$91,451,431
Expenses
$62,612,949
Net Income
$28,838,482
Net Assets
$465,642,029
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $77,009,335
84.2%
Investment Income $7,118,053
7.8%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $7,306,836
8.0%
Net Inventory Sales $0
Other Revenue $17,207
0.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $25,000
0.0%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $469,503,955
Total Liabilities $3,861,926
Net Assets $465,642,029
Compensation
Key Employees and Officers Compensation Related Other
The Bank Of New York Mellon (Inst Trustee) $25,000 $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$33,904,097
Expenses
$67,178,869
Net Income
-$33,274,772
Net Assets
$426,901,772
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $10,385,000
30.6%
Investment Income $8,780,161
25.9%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $14,738,936
43.5%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $18,814
0.0%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $429,478,123
Total Liabilities $2,576,351
Net Assets $426,901,772
Compensation
Key Employees and Officers Compensation Related Other
The Bank Of New York Mellon (Inst Trustee) $12,500 $0 $0
Jpmorgan Chase Bank Na (Inst Trustee) $6,314 $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$38,203,041
Expenses
$72,065,214
Net Income
-$33,862,173
Net Assets
$450,891,550
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $21,541,222
56.4%
Investment Income $10,330,955
27.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $6,330,864
16.6%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $25,030
0.0%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $453,449,265
Total Liabilities $2,557,715
Net Assets $450,891,550

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$54,999,888
Expenses
$77,973,575
Net Income
-$22,973,687
Net Assets
$451,378,856
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $47,387,816
86.2%
Investment Income $9,965,933
18.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$2,353,861
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $25,000
0.0%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $451,846,656
Total Liabilities $467,800
Net Assets $451,378,856

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$57,479,591
Expenses
$102,299,535
Net Income
-$44,819,944
Net Assets
$489,635,767
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $13,206,265
23.0%
Investment Income $10,028,546
17.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $33,876,884
58.9%
Net Inventory Sales $0
Other Revenue $367,896
0.6%
Notable Expenses Percent of Total Expenses
Executive Compensation $25,165
0.0%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $493,355,995
Total Liabilities $3,720,228
Net Assets $489,635,767

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$25,741,707
Expenses
$138,984,788
Net Income
-$113,243,081
Net Assets
$545,285,386
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $6,260,317
24.3%
Investment Income $11,167,205
43.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $7,182,440
27.9%
Net Inventory Sales $0
Other Revenue $1,131,745
4.4%
Notable Expenses Percent of Total Expenses
Executive Compensation $22,067
0.0%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $546,288,742
Total Liabilities $1,003,356
Net Assets $545,285,386

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$136,333,278
Expenses
$145,145,208
Net Income
-$8,811,930
Net Assets
$647,764,514
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $112,029,021
82.2%
Investment Income $10,956,452
8.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $13,347,805
9.8%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $25,350
0.0%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $647,843,967
Total Liabilities $79,453
Net Assets $647,764,514

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$108,843,066
Expenses
$135,345,397
Net Income
-$26,502,331
Net Assets
$674,810,965
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $106,318,828
97.7%
Investment Income $10,589,128
9.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$8,064,890
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $28,900
0.0%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $674,810,965
Total Liabilities $0
Net Assets $674,810,965

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$126,875,361
Expenses
$126,185,458
Net Income
$689,903
Net Assets
$679,168,792
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $108,407,550
85.4%
Investment Income $12,322,648
9.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $6,145,163
4.8%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $29,100
0.0%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $679,168,792
Total Liabilities $0
Net Assets $679,168,792

Document Links

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$284,283,836
Expenses
$124,390,699
Net Income
$159,893,137
Net Assets
$643,603,395
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $263,034,447
92.5%
Investment Income $10,929,298
3.8%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$2,823,903
Net Inventory Sales $0
Other Revenue $13,143,994
4.6%
Notable Expenses Percent of Total Expenses
Executive Compensation $32,350
0.0%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $643,953,707
Total Liabilities $350,312
Net Assets $643,603,395

Document Links

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$145,344,156
Expenses
$126,389,908
Net Income
$18,954,248
Net Assets
$473,510,464
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $133,483,199
91.8%
Investment Income $12,357,827
8.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$496,870
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $26,850
0.0%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $473,510,464
Total Liabilities $0
Net Assets $473,510,464

Document Links

Fiscal Year Ending Dec.
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2004

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About 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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