Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Apr 2004.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
92 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
Something off? Claim to add context
Who runs it and what they're paid
6 people listed on the 990; $3K paid to officers and key staff (Part VII, Section A).
The Northern Trust Company’s $3K as Trustee is at the 24th percentile of top reported officer pay among 539 $100K–1M mutual/membership nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 1 named individual · Part VII
| Name | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| The Northern Trust Company | $3,000 | $2,970 | $2,230 | $3,702 | $6,022 |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
See Mrt Welfare Benefit Trust executive salaries →Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aNo
Programs and updates
Pays for health and welfare benefits for retired employees and their families.
Questions for Mrt Welfare Benefit Trust
Your first name shows with your question. Mrt Welfare Benefit Trust answers here, for everyone.
Veba Trust providing employee Welfare benefits.
Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 36-7374467) · Dispute this lineBy the numbers
The FY2024 990, line by line.
Download 990
| Line | Start FY24 | End FY24 |
|---|---|---|
| InvestmentsLn 11–13 | $7.6M | $8.0M |
| Total assetsLn 16 | $7.6M | $8.0M |
| LiabilitiesLn 26 | $0 | $0 |
| Net assetsLn 32 | $7.6M | $8.0M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Benefits paid to or for membersLn 4 | $45K | $45K | ||
| Accounting feesLn 11c | $13K | $13K | ||
| Other expenses (24a–d)Ln 24 | $112K | $112K | ||
| Total functional expensesLn 25 | $171K | $158K | $13K | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest ViewingFiled with the IRS Nov 17, 2025 | $300K | $171K | $129K | $8.0M | 990 PDF |
| FY2023Filed with the IRS Nov 14, 2024 | $259K | $207K | $52K | $7.6M | 990 PDF |
| FY2022Filed with the IRS Nov 15, 2023 | $255K | $229K | $26K | $7.1M | 990 PDF |
| FY2021Filed with the IRS Nov 15, 2022 | $291K | $184K | $108K | $7.9M | 990 PDF |
| FY2020Filed with the IRS Nov 15, 2021 | $292K | $199K | $93K | $7.6M | 990 PDF |
Schedules filed Part IV
See the full FY2024 990
Part I · Summary $300,305 revenue, 12 lines filed
Part VI · Governance 0 of 5 board members independent, 1 to look at
Part VIII · Statement of revenue $300,305 across 4 lines filed
Part IX · Statement of functional expenses $171,198 across 3 lines filed
Part X · Balance sheet $7,984,802 assets, 8 lines filed
Part XI · Reconciliation of net assets $7,984,802 net assets at year end
Form 990 e-file FY2024 from the IRS (about our sources) · Classification, formation year and address from the IRS Business Master File
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