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Bae Systems Funded Retiree Welfare Benefit Tr

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
−$11.8M (2022)

Expenses
$13.5M (2022)

Total Assets
$165M (2022)

Total Liabilities
$0 (2022)

Source: Form 990 tax filings from 2010 to 2022

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.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
-$11,839,555
Expenses
$13,522,181
Net Income
-$25,361,736
Net Assets
$164,571,811
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $945,351
Investment Income $5,476,041
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$18,260,947
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $89,300
0.7%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $164,571,811
Total Liabilities $0
Net Assets $164,571,811
Compensation
Key Employees and Officers Compensation Related Other
Jp Morgan Chase Bank Na (Trustee) $89,300 $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$16,917,143
Expenses
$14,559,462
Net Income
$2,357,681
Net Assets
$206,400,104
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $1,276,978
7.5%
Investment Income $7,438,666
44.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $8,201,499
48.5%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $89,316
0.6%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $206,400,104
Total Liabilities $0
Net Assets $206,400,104
Compensation
Key Employees and Officers Compensation Related Other
Jp Morgan Chase Bank Na (Trustee) $89,316 $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$11,535,118
Expenses
$11,634,987
Net Income
-$99,869
Net Assets
$210,846,397
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $1,545,467
13.4%
Investment Income $5,436,459
47.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $4,553,192
39.5%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $111,718
1.0%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $210,846,397
Total Liabilities $0
Net Assets $210,846,397
Compensation
Key Employees and Officers Compensation Related Other
Jp Morgan Chase Bank Na (Trustee) $111,718 $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$15,371,928
Expenses
$11,973,626
Net Income
$3,398,302
Net Assets
$214,162,514
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $2,714,153
17.7%
Investment Income $8,667,718
56.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $3,990,057
26.0%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $91,336
0.8%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $214,162,514
Total Liabilities $0
Net Assets $214,162,514
Compensation
Key Employees and Officers Compensation Related Other
Jp Morgan Chase Bank (Trustee) $91,336 $0 $0

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$15,928,230
Expenses
$16,956,124
Net Income
-$1,027,894
Net Assets
$183,096,585
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $2,736,412
17.2%
Investment Income $10,120,262
63.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $3,071,556
19.3%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $111,633
0.7%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $183,096,585
Total Liabilities $0
Net Assets $183,096,585
Compensation
Key Employees and Officers Compensation Related Other
Jp Morgan Chase Bank Na (Trustee) $111,633 $0 $0

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$22,886,844
Expenses
$13,134,862
Net Income
$9,751,982
Net Assets
$207,692,665
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $2,089,055
9.1%
Investment Income $8,949,589
39.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $11,848,200
51.8%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $71,123
0.5%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $207,692,665
Total Liabilities $0
Net Assets $207,692,665
Compensation
Key Employees and Officers Compensation Related Other
Jp Morgan Chase Bank Na (Trustee) $71,123 $0 $0

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$21,062,277
Expenses
$16,430,050
Net Income
$4,632,227
Net Assets
$188,766,563
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $1,511,191
7.2%
Investment Income $9,158,203
43.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $10,389,892
49.3%
Net Inventory Sales $0
Other Revenue $2,991
0.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $188,766,563
Total Liabilities $0
Net Assets $188,766,563
Compensation
Key Employees and Officers Compensation Related Other
Jp Morgan Chase Bank Na (Trustee) $63,707 $0 $0

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$24,418,428
Expenses
$14,877,319
Net Income
$9,541,109
Net Assets
$190,103,845
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $10,239,685
41.9%
Investment Income $10,923,160
44.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $2,923,741
12.0%
Net Inventory Sales $0
Other Revenue $331,842
1.4%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $190,103,845
Total Liabilities $0
Net Assets $190,103,845

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$21,887,982
Expenses
$13,679,804
Net Income
$8,208,178
Net Assets
$193,667,368
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $11,031,043
50.4%
Investment Income $8,293,316
37.9%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $2,563,623
11.7%
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 $193,667,368
Total Liabilities $0
Net Assets $193,667,368

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$23,279,675
Expenses
$15,352,609
Net Income
$7,927,066
Net Assets
$183,264,377
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $12,068,903
51.8%
Investment Income $6,426,096
27.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $3,624,102
15.6%
Net Inventory Sales $0
Other Revenue $1,160,574
5.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $183,264,377
Total Liabilities $0
Net Assets $183,264,377

Document Links

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$20,167,883
Expenses
$22,143,450
Net Income
-$1,975,567
Net Assets
$156,851,077
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $13,323,040
66.1%
Investment Income $4,123,297
20.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $1,206,594
6.0%
Net Inventory Sales $0
Other Revenue $1,514,952
7.5%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $156,851,077
Total Liabilities $0
Net Assets $156,851,077

Document Links

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$27,227,254
Expenses
$26,900,787
Net Income
$326,467
Net Assets
$146,786,120
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $14,669,831
53.9%
Investment Income $4,048,259
14.9%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $2,130,801
7.8%
Net Inventory Sales $0
Other Revenue $6,378,363
23.4%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $146,786,120
Total Liabilities $0
Net Assets $146,786,120

Document Links

Fiscal Year Ending Dec.
2010

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$36,490,087
Expenses
$20,990,859
Net Income
$15,499,228
Net Assets
$146,459,653
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $19,852,148
54.4%
Investment Income $2,463,300
6.8%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$1,952,189
Net Inventory Sales $0
Other Revenue $16,126,828
44.2%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $146,459,653
Total Liabilities $0
Net Assets $146,459,653

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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