Lockheed Martin Corporation Benefit Trust

Bethesda, MD
Tax-exempt since June 2003
EIN: 52-1610424

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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

$1.7M (2023)

Expenses

$5.25M (2023)

Total Assets

$13.5M (2023)

Total Liabilities

$70 (2023)

Source: Form 990 tax filings from 2010 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

Revenue

$1,702,993

Expenses

$5,254,779

Net Income

-$3,551,786

Net Assets

$13,536,036

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$0
Investment Income	$17,812	1.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$1,545,795	90.8%
Net Inventory Sales	$0
Other Revenue	$139,386	8.2%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$5,631	0.1%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$13,536,106
Total Liabilities	$70
Net Assets	$13,536,036

Compensation

Key Employees and Officers	Compensation	Related	Other
Bny Mellon (Trustee)	$5,631	$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

$8,982,664

Expenses

$8,141,960

Net Income

$840,704

Net Assets

$17,087,822

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$10,000,000	> 100%
Investment Income	$62,724	0.7%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	-$1,085,745
Net Inventory Sales	$0
Other Revenue	$5,685	0.1%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$1,697	0.0%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$17,090,287
Total Liabilities	$2,465
Net Assets	$17,087,822

Compensation

Key Employees and Officers	Compensation	Related	Other
Northern Trust Company (Trustee Thru 08/31/22)	$1,697	$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

$7,125,767

Expenses

$13,110,460

Net Income

-$5,984,693

Net Assets

$16,268,854

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$5,000,000	70.2%
Investment Income	$288,870	4.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$1,836,041	25.8%
Net Inventory Sales	$0
Other Revenue	$856	0.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$3,398	0.0%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$16,282,689
Total Liabilities	$13,835
Net Assets	$16,268,854

Compensation

Key Employees and Officers	Compensation	Related	Other
Northern Trust Company (Trustee)	$3,398	$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

$12,434,848

Expenses

$9,472,305

Net Income

$2,962,543

Net Assets

$23,309,023

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$11,403,940	91.7%
Investment Income	$952,290	7.7%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$67,125	0.5%
Net Inventory Sales	$0
Other Revenue	$11,493	0.1%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$2,545	0.0%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$23,333,789
Total Liabilities	$24,766
Net Assets	$23,309,023

Compensation

Key Employees and Officers	Compensation	Related	Other
Northern Trust Company (Trustee)	$2,545	$0	$0

990

Filed on Nov. 15, 2021

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

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2019

Revenue

$1,100,054

Expenses

$9,655,354

Net Income

-$8,555,300

Net Assets

$19,082,439

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$0
Investment Income	$603,405	54.9%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$311,012	28.3%
Net Inventory Sales	$0
Other Revenue	$185,637	16.9%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$3,826	0.0%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$19,102,408
Total Liabilities	$19,969
Net Assets	$19,082,439

990

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

PDF

Fiscal Year Ending Dec.
2018

Revenue

$809,240

Expenses

$7,890,998

Net Income

-$7,081,758

Net Assets

$26,036,574

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$0
Investment Income	$635,368	78.5%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$173,371	21.4%
Net Inventory Sales	$0
Other Revenue	$501	0.1%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$2,579	0.0%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$26,065,503
Total Liabilities	$28,929
Net Assets	$26,036,574

990

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

PDF

Fiscal Year Ending Dec.
2017

Revenue

$2,284,771

Expenses

$8,878,002

Net Income

-$6,593,231

Net Assets

$33,839,347

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$5,047	0.2%
Investment Income	$651,520	28.5%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$1,628,204	71.3%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$3,608	0.0%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$33,839,347
Total Liabilities	$0
Net Assets	$33,839,347

990

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

PDF

Fiscal Year Ending Dec.
2016

Revenue

$1,643,038

Expenses

$6,704,610

Net Income

-$5,061,572

Net Assets

$40,397,103

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$58,105	3.5%
Investment Income	$541,708	33.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$1,043,225	63.5%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$5,313	0.1%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$75,176,693
Total Liabilities	$34,779,590
Net Assets	$40,397,103

990

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

PDF

Fiscal Year Ending Dec.
2015

Revenue

$287,183

Expenses

$8,136,511

Net Income

-$7,849,328

Net Assets

$45,668,787

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$128,117	44.6%
Investment Income	$69,450	24.2%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$89,532	31.2%
Net Inventory Sales	$0
Other Revenue	$84	0.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$8,410	0.1%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$49,678,488
Total Liabilities	$4,009,701
Net Assets	$45,668,787

990

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

PDF

Fiscal Year Ending Dec.
2014

Revenue

$148,233,241

Expenses

$251,462,412

Net Income

-$103,229,171

Net Assets

$53,532,398

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$146,993,993	99.2%
Investment Income	$3,961	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$1,235,011	0.8%
Net Inventory Sales	$0
Other Revenue	$276	0.0%

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

Assets/Debt
Total Assets	$53,532,398
Total Liabilities	$0
Net Assets	$53,532,398

990

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

PDF

Fiscal Year Ending Dec.
2013

Revenue

$214,723,672

Expenses

$264,029,721

Net Income

-$49,306,049

Net Assets

$156,674,944

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$203,236,492	94.7%
Investment Income	$1,386,721	0.6%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$9,915,535	4.6%
Net Inventory Sales	$0
Other Revenue	$184,924	0.1%

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

Assets/Debt
Total Assets	$156,674,944
Total Liabilities	$0
Net Assets	$156,674,944

990

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

PDF

Fiscal Year Ending Dec.
2012

Revenue

$289,647,161

Expenses

$247,903,132

Net Income

$41,744,029

Net Assets

$216,558,223

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$278,136,037	96.0%
Investment Income	$2,739,889	0.9%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$8,770,152	3.0%
Net Inventory Sales	$0
Other Revenue	$1,083	0.0%

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

Assets/Debt
Total Assets	$220,358,261
Total Liabilities	$3,800,038
Net Assets	$216,558,223

990

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

PDF

Fiscal Year Ending Dec.
2011

Revenue

$153,814,627

Expenses

$272,255,626

Net Income

-$118,440,999

Net Assets

$174,017,746

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$145,412,748	94.5%
Investment Income	$5,288,284	3.4%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$3,113,595	2.0%
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	$181,016,555
Total Liabilities	$6,998,809
Net Assets	$174,017,746

990

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

PDF

Fiscal Year Ending Dec.
2010

Revenue

$405,496,540

Expenses

$254,072,938

Net Income

$151,423,602

Net Assets

$291,518,434

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$395,401,505	97.5%
Investment Income	$2,110,724	0.5%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$7,984,311	2.0%
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	$302,320,575
Total Liabilities	$10,802,141
Net Assets	$291,518,434

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.

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Lockheed Martin Corporation Benefit Trust

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $1.7M (2023)

Expenses $5.25M (2023)

Total Assets $13.5M (2023)

Total Liabilities $70 (2023)

Tax Filings by Year

Fiscal Year Ending Dec. 2023

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

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

Document Links

990

Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Dec. 2018

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Dec. 2017

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Dec. 2016

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

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

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Dec. 2010

Extracted Financial Data

Revenue

$1.7M (2023)

Expenses

$5.25M (2023)

Total Assets

$13.5M (2023)

Total Liabilities

$70 (2023)

Fiscal Year Ending Dec.
2023

Fiscal Year Ending Dec.
2022

Fiscal Year Ending Dec.
2021

Fiscal Year Ending Dec.
2020

Fiscal Year Ending Dec.
2019

Fiscal Year Ending Dec.
2018

Fiscal Year Ending Dec.
2017

Fiscal Year Ending Dec.
2016

Fiscal Year Ending Dec.
2015

Fiscal Year Ending Dec.
2014

Fiscal Year Ending Dec.
2013

Fiscal Year Ending Dec.
2012

Fiscal Year Ending Dec.
2011

Fiscal Year Ending Dec.
2010

Fiscal Year Ending Dec.
2009

Fiscal Year Ending Dec.
2008

Fiscal Year Ending Dec.
2007

Fiscal Year Ending Dec.
2006

Fiscal Year Ending Dec.
2005

Fiscal Year Ending Dec.
2004