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Raytheon Welfare Benefits 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
$57.2M (2022)

Expenses
$60.2M (2022)

Total Assets
$3.11M (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
$57,208,140
Expenses
$60,158,864
Net Income
-$2,950,724
Net Assets
$3,106,524
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $57,201,152
100.0%
Investment Income $6,987
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $1
0.0%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $311
0.0%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $3,106,524
Total Liabilities $0
Net Assets $3,106,524
Compensation
Key Employees and Officers Compensation Related Other
The Bank Of New York Mellon (Trustee (See Schedule O)) $311 $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$52,050,267
Expenses
$59,919,401
Net Income
-$7,869,134
Net Assets
$6,057,098
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $51,713,733
99.4%
Investment Income $381
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $1
0.0%
Net Inventory Sales $0
Other Revenue $336,152
0.6%
Notable Expenses Percent of Total Expenses
Executive Compensation $1,243
0.0%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $6,057,098
Total Liabilities $0
Net Assets $6,057,098
Compensation
Key Employees and Officers Compensation Related Other
The Bank Of New York Mellon (Trustee (See Schedule O)) $1,243 $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$59,278,649
Expenses
$53,190,808
Net Income
$6,087,841
Net Assets
$13,926,267
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $58,970,413
99.5%
Investment Income $40,644
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $2,555
0.0%
Net Inventory Sales $0
Other Revenue $265,037
0.4%
Notable Expenses Percent of Total Expenses
Executive Compensation $1,396
0.0%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $13,926,267
Total Liabilities $0
Net Assets $13,926,267
Compensation
Key Employees and Officers Compensation Related Other
The Bank Of New York Mellon (Trustee (See Schedule O)) $1,396 $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$48,837,572
Expenses
$53,174,786
Net Income
-$4,337,214
Net Assets
$7,835,939
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $48,691,657
99.7%
Investment Income $142,249
0.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $3,666
0.0%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $3,918
0.0%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $7,835,939
Total Liabilities $0
Net Assets $7,835,939
Compensation
Key Employees and Officers Compensation Related Other
The Bank Of New York M (Trustee (See Schedule O)) $3,918 $0 $0

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$32,546,120
Expenses
$50,332,041
Net Income
-$17,785,921
Net Assets
$12,173,355
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $25,136,120
77.2%
Investment Income $506,717
1.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $6,903,283
21.2%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $5,604
0.0%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $12,173,355
Total Liabilities $0
Net Assets $12,173,355
Compensation
Key Employees and Officers Compensation Related Other
The Bank Of New York Mellon (Trustee (See Schedule O)) $5,604 $0 $0

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$31,479,869
Expenses
$50,890,383
Net Income
-$19,410,514
Net Assets
$0
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $25,692,360
81.6%
Investment Income $1,097,104
3.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $4,488,705
14.3%
Net Inventory Sales $0
Other Revenue $201,700
0.6%
Notable Expenses Percent of Total Expenses
Executive Compensation $8,643
0.0%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $0
Total Liabilities $0
Net Assets $0

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$30,239,232
Expenses
$45,168,350
Net Income
-$14,929,118
Net Assets
$56,149,959
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $25,511,874
84.4%
Investment Income $1,566,400
5.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $2,963,952
9.8%
Net Inventory Sales $0
Other Revenue $197,006
0.7%
Notable Expenses Percent of Total Expenses
Executive Compensation $5,744
0.0%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $56,149,959
Total Liabilities $0
Net Assets $56,149,959

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$33,395,758
Expenses
$44,367,981
Net Income
-$10,972,223
Net Assets
$71,212,857
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $25,544,504
76.5%
Investment Income $2,012,145
6.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $5,839,109
17.5%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $9,737
0.0%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $71,212,857
Total Liabilities $0
Net Assets $71,212,857

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$31,637,028
Expenses
$46,604,487
Net Income
-$14,967,459
Net Assets
$89,235,929
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $24,774,750
78.3%
Investment Income $2,305,816
7.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $4,556,508
14.4%
Net Inventory Sales $0
Other Revenue -$46
Notable Expenses Percent of Total Expenses
Executive Compensation $9,227
0.0%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $89,365,809
Total Liabilities $129,880
Net Assets $89,235,929

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$25,215,449
Expenses
$36,932,756
Net Income
-$11,717,307
Net Assets
$104,070,540
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $17,359,161
68.8%
Investment Income $2,304,545
9.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $5,551,747
22.0%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $7,476
0.0%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $104,108,628
Total Liabilities $38,088
Net Assets $104,070,540

Document Links

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$25,532,101
Expenses
$32,475,041
Net Income
-$6,942,940
Net Assets
$107,496,520
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $18,743,059
73.4%
Investment Income $4,135,573
16.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $703,663
2.8%
Net Inventory Sales $0
Other Revenue $1,949,806
7.6%
Notable Expenses Percent of Total Expenses
Executive Compensation $6,887
0.0%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $107,586,856
Total Liabilities $90,336
Net Assets $107,496,520

Document Links

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$26,107,848
Expenses
$33,636,922
Net Income
-$7,529,074
Net Assets
$106,012,086
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $18,576,222
71.2%
Investment Income $2,788,589
10.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $4,261,879
16.3%
Net Inventory Sales $0
Other Revenue $481,158
1.8%
Notable Expenses Percent of Total Expenses
Executive Compensation $9,363
0.0%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $106,334,066
Total Liabilities $321,980
Net Assets $106,012,086

Document Links

Fiscal Year Ending Dec.
2010

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$38,715,078
Expenses
$32,830,975
Net Income
$5,884,103
Net Assets
$120,218,356
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $22,866,205
59.1%
Investment Income $2,749,181
7.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $6,859,272
17.7%
Net Inventory Sales $0
Other Revenue $6,240,420
16.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $14,576
0.0%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $120,404,406
Total Liabilities $186,050
Net Assets $120,218,356

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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