At&t Veba Trust

Dallas, TXMutual-benefit / member-servingSince 1987EIN 43-1491162Revenue $2.1B in FY2024

On file with the IRS208 S Akard Street Room 1825, 75202-4206 · Dallas, TXTax-exempt since Dec 1988

This page gets seen. Tell your story. Claim this org.

To fund benefit expenses.

96¢ of each $1 spent went to programs.
$102K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
0 of 5
filings with a surplus
Average deficit $758.2M a year · 28% of revenue · last 5 filings
Concern: a surplus in 0 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
96%
of spending
Looks good: 96% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$102K
to officers and key staff · <0.01% of spending
Looks good: pay to officers and key staff is 0% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
<1 mo
of spending, in cash
Concern: 0.2 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
0
of 1 voting members
Concern: none of 1 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.1B
-17% vs prior year
Spent
$2.7B
To programs
96%
Net assets
$55.9M
By yearFY2020–FY2024
Revenue
$2.1B
FY2024▼ -17%
Tap a bar for its year
Revenue by fiscal year
FY2020$3.2B
FY2021$3.0B
FY2022$2.9B
FY2023$2.5B
FY2024$2.1B
Expenses
$2.7B
FY2024▼ -14%
Tap a bar for its year
Expenses by fiscal year
FY2020$4.0B
FY2021$3.9B
FY2022$3.5B
FY2023$3.2B
FY2024$2.7B
Net assets
$55.9M
FY2024▼ -74%
Tap a bar for its year
Net assets by fiscal year
FY2020$455.4M
FY2021$484.0M
FY2022$460.4M
FY2023$212.4M
FY2024$55.9M

From the FY2024 Form 990 · see the original

Form 990 (PDF) Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Dec 1988.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

96 cents of each dollar spent went to programs.

Program services 96% · $2.6B

Form 990 Part IX, line 25. Every line is in By the numbers.

Something off? The org can add a note here. Claim this org to fix it.

Who runs it and what they're paid

1 person listed on the 990; $102K paid to officers and key staff.

Part VII, Section A · reportable compensation
Trustee
$102,081Pt VII · Sec A

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Frost Bank$102,081$103,468$51,173$70,622$44,048

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 At&t Veba Trust executive salaries →

Are you one of these people? Claim this org to confirm your role

Something off? The org can add a note here. Claim this org to fix it.

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

At&t Veba Trust is a member-serving organization based in Dallas, TX, formed in 1987.

Questions for At&t Veba Trust

Tap to ask. At&t Veba Trust sees how many people are interested.

Your first name shows with your question. At&t Veba Trust answers here, for everyone.

Provided by the organization

Know this organization? Claim it to add your story

1 program · $2.6B · in their own filed words · FY2024
01

Payment of health and insurance benefits for AT&T, inc. Employees, retirees and their dependents as permitted under irc 501(c)(9).

$2.6Bprogram expense

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$2.1B
Ln 12
Fees for servicesLn 2g$2.1B
Investment incomeLn 3$6.8M
Other incomeLn 4–11$11K
Money outPt IX
$2.7B
Ln 25
Programscol B$2.6B
Owns and owesPt X
$55.9M
net assets · Ln 32
Cash and savingsLn 1–2$34.4M
Total assetsLn 16$55.9M
LiabilitiesLn 26$0
PeoplePt VI, VII
1
listed · VII A
PaidVII A1
Voting boardVI 1a1
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$2.1B
Investment incomeLn 3$6.8M
Other incomeLn 4–11$11K
Gains on assetsLn 7$305K
Total revenueLn 12$2.1B
Assets in detailPt X, end of year
CashLn 1$0
SavingsLn 2$34.4M
Cash and savings togetherLn 1–2$34.4M
InvestmentsLn 11–13$21.0M
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$0
Total assetsLn 16$55.9M
LiabilitiesLn 26$0
Net assetsLn 32$55.9M
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$185.1M$34.4M
InvestmentsLn 11–13$26.7M$21.0M
Land, buildings, equipmentLn 10c$0$0
Total assetsLn 16$212.4M$55.9M
LiabilitiesLn 26$0$0
Net assetsLn 32$212.4M$55.9M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$2.64B
Pay of current officers, directors and key staffLn 5$102K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$0
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$0
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$0
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$5K
Other fees for servicesLn 11g$100.2M
Advertising and promotionLn 12$0
Office expensesLn 13$0
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$0
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$0
InsuranceLn 23$0
Other expenses (24a–d)Ln 24$12K
Total functional expensesLn 25$2.75B

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $2.1B$2.7B−$672.3M$55.9M 990 PDF
FY2023 $2.5B$3.2B−$716.3M$212.4M 990 PDF
FY2022 $2.9B$3.5B−$638.2M$460.4M 990 PDF
FY2021 $3.0B$3.9B−$949.4M$484.0M 990 PDF
FY2020 $3.2B$4.0B−$815.0M$455.4M 990 PDF

Want to add your own materials alongside these filings? Claim this org

Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (6 parts)
Part I · Summary $2,072,945,177 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $2,479,206,329$2,066,170,615
I-10 Investment incomePrior year $7,434,979$6,763,082
I-11 Other revenuePrior year $0$11,480
I-12 Total revenuePrior year $2,486,641,308$2,072,945,177
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $3,095,758,965$2,644,848,160
I-15 Salaries and benefitsPrior year $103,468$102,081
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $107,037,447$100,262,804
I-18 Total expensesPrior year $3,202,899,880$2,745,213,045
I-19 Revenue less expensesPrior year −$716,258,572−$672,267,868
Part VI · Governance 0 of 1 board members independent, 4 to look at
VI-1a Voting members of the governing body1
VI-1b Independent voting members0
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $2,072,945,177 across 9 lines filed
VIII-1h Total contributions, gifts and grants$0
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $2,066,170,615$2,066,170,615
VIII-3 Investment incomeExcluded from tax $6,458,311$6,458,311
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assetsExcluded from tax $304,771$304,771
VIII-8 Net income from fundraising events$0
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $11,480$11,480
VIII-12 Total revenueRelated to mission $2,066,170,615 · Unrelated business $0 · Excluded from tax $6,774,562$2,072,945,177
Part IX · Statement of functional expenses $2,745,213,045 across 30 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$2,644,848,160
IX-5 Pay of current officers, directors and key staff$102,081
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wages$0
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxes$0
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting fees$0
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$5,017
IX-11g Other fees for services$100,246,283
IX-12 Advertising and promotion$0
IX-13 Office expenses$0
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 Occupancy$0
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$0
IX-23 Insurance$0
IX-24 Other expenses (24a–d)$11,504
IX-25 Total functional expenses$2,745,213,045
Part X · Balance sheet $55,903,639 assets, 22 lines filed
X-1 Cash, non-interest-bearingStart of year $0$0
X-2 Savings and temporary cash investmentsStart of year $185,138,482$34,439,840
X-3 Pledges and grants receivableStart of year $0$0
X-4 Accounts receivableStart of year $561,260$421,348
X-8 Inventories for sale or useStart of year $0$0
X-9 Prepaid expenses and deferred chargesStart of year $0$0
X-10c Land, buildings and equipment, netStart of year $0$0
X-11 Publicly traded securitiesStart of year $26,701,649$21,042,451
X-12 Other securitiesStart of year $0$0
X-13 Program-related investmentsStart of year $0$0
X-14 Intangible assetsStart of year $0$0
X-15 Other assetsStart of year $0$0
X-16 Total assetsStart of year $212,401,391$55,903,639
X-17 Accounts payable and accrued expensesStart of year $0$0
X-18 Grants payableStart of year $0$0
X-19 Deferred revenueStart of year $0$0
X-20 Tax-exempt bond liabilitiesStart of year $0$0
X-24 Unsecured notes and loans payableStart of year $0$0
X-25 Other liabilitiesStart of year $0$0
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $212,401,391$55,903,639
X-33 Total liabilities and net assetsStart of year $212,401,391$55,903,639
Part XI · Reconciliation of net assets $55,903,639 net assets at year end
XI-1 Total revenue$2,072,945,177
XI-2 Total expenses$2,745,213,045
XI-3 Revenue less expenses−$672,267,868
XI-4 Net assets at start of year$212,401,391
XI-5 Net unrealized gains (losses) on investments$949,555
XI-9 Other changes in net assets$514,820,561
XI-10 Net assets at end of year$55,903,639

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.