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
94 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
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Who runs it and what they're paid
6 people listed on the 990; $6K paid to officers and key staff.
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.
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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
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Veba trust providing employee welfare benefits.
By the numbers
The FY2020 990, line by line.
Download 990
| Line | Start FY20 | End FY20 |
|---|---|---|
| InvestmentsLn 11–13 | $7.1M | $7.6M |
| Total assetsLn 16 | $7.1M | $7.6M |
| LiabilitiesLn 26 | $0 | $0 |
| Net assetsLn 32 | $7.1M | $7.6M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Benefits paid to or for membersLn 4 | $173K | $173K | ||
| Accounting feesLn 11c | $13K | $13K | ||
| Other expenses (24a–d)Ln 24 | $13K | $13K | ||
| Total functional expensesLn 25 | $199K | $186K | $13K | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest | $300K | $171K | $129K | $8.0M | 990 PDF |
| FY2023 | $259K | $207K | $52K | $7.6M | 990 PDF |
| FY2022 | $255K | $229K | $26K | $7.1M | 990 PDF |
| FY2021 | $291K | $184K | $108K | $7.9M | 990 PDF |
| FY2020 Viewing | $292K | $199K | $93K | $7.6M | 990 PDF |
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Schedules filed Part IV
See the full FY2020 990 (6 parts)
Part I · Summary $292,216 revenue, 12 lines filed
Part VI · Governance 0 of 4 board members independent, 1 to look at
Part VIII · Statement of revenue $292,216 across 4 lines filed
Part IX · Statement of functional expenses $199,081 across 3 lines filed
Part X · Balance sheet $7,596,652 assets, 5 lines filed
Part XI · Reconciliation of net assets $7,596,652 net assets at year end
Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File
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