Advanced Micro Devices INC Long Term Disability Benefit Plan Tr

Not tax-deductible

San Francisco, CAMutual-benefit / member-servingEIN 77-0014228Revenue $4.1M in FY2024

On file with the IRSPo Box 3453 Benefits M/S, 94105-0000 · San Francisco, CATax-exempt since Nov 1988

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The trust provides short-Term and Long-Term Disability benefits to eligible employees of Advanced Micro Devices, INC. And its affiliated companies that adopt the trust.

$5K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Pay: Part VII

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
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
2 of 5
filings with a surplus
Average deficit $204K a year · 6% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$5K
to officers and key staff · 0.1% of spending
Looks good: pay to officers and key staff is 0% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
18 mo
of spending, in cash
Looks good: 18.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$8.1M
70% of total assets
Worth a look: liabilities are 70% of assets; over 65%.
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
$4.1M
+29% vs prior year
Spent
$3.6M
To programs
0%
Net assets
$3.4M
By yearFY2020–FY2024
Revenue
$4.1M
FY2024▲ +29%
Tap a bar for its year
Revenue by fiscal year
FY2020$2.4M
FY2021$2.8M
FY2022$3.6M
FY2023$3.2M
FY2024$4.1M
Expenses
$3.6M
FY2024▼ -23%
Tap a bar for its year
Expenses by fiscal year
FY2020$2.8M
FY2021$2.6M
FY2022$3.7M
FY2023$4.6M
FY2024$3.6M
Net assets
$3.4M
FY2024▲ +52%
Tap a bar for its year
Net assets by fiscal year
FY2020$2.8M
FY2021$3.7M
FY2022$2.9M
FY2023$2.3M
FY2024$3.4M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

990 PDF Claim

Is it real?

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

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

Who runs it and what they're paid

1 person listed on the 990; $5K paid to officers and key staff.

Part VII, Section A · reportable compensation
$5,000Pt VII · Sec A

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

NameFY2024FY2023FY2022FY2021FY2020
Wells Fargo Bank NA$5,000$5,000$5,000$5,000$5,020

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 Advanced Micro Devices INC Long Term Disability Benefit Plan Tr executive salaries →

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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

Provides disability benefits to eligible employees of Advanced Micro Devices and affiliated companies.

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Provided by the organization

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1 program · in their own filed words · FY2024
01

The trust provides short-term and long-term disability benefits to eligible employees of advanced micro devices, inc. And its affiliated companies that adopt the trust.

Pt IX · col B

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$4.1M
Ln 12
Fees for servicesLn 2g$3.8M
Investment incomeLn 3$293K
Money outPt IX
$3.6M
Ln 25
Owns and owesPt X
$3.4M
net assets · Ln 32
Cash and savingsLn 1–2$5.3M
Total assetsLn 16$11.5M
LiabilitiesLn 26$8.1M
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$3.8M
Investment incomeLn 3$293K
Gains on assetsLn 7$53
Total revenueLn 12$4.1M
Assets in detailPt X, end of year
CashLn 1$0
SavingsLn 2$5.3M
Cash and savings togetherLn 1–2$5.3M
InvestmentsLn 11–13$5.8M
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$26K
Total assetsLn 16$11.5M
LiabilitiesLn 26$8.1M
Net assetsLn 32$3.4M
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$1.5M$5.3M
InvestmentsLn 11–13$5.8M$5.8M
Land, buildings, equipmentLn 10c$0$0
Total assetsLn 16$7.9M$11.5M
LiabilitiesLn 26$5.6M$8.1M
Net assetsLn 32$2.3M$3.4M
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$3.3M
Pay of current officers, directors and key staffLn 5$5K
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$15K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$136K
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$71K
Total functional expensesLn 25$3.6M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $4.1M$3.6M$540K$3.4M 990 PDF
FY2023 $3.2M$4.6M−$1.4M$2.3M 990 PDF
FY2022 $3.6M$3.7M−$25K$2.9M 990 PDF
FY2021 $2.8M$2.6M$231K$3.7M 990 PDF
FY2020 $2.4M$2.8M−$348K$2.8M 990 PDF

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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 $4,095,623 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $3,062,715$3,802,260
I-10 Investment incomePrior year $106,847$293,363
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $3,169,562$4,095,623
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $4,416,021$3,328,688
I-15 Salaries and benefitsPrior year $5,000$5,000
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $167,567$222,009
I-18 Total expensesPrior year $4,588,588$3,555,697
I-19 Revenue less expensesPrior year −$1,419,026$539,926
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 $4,095,623 across 8 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 $3,802,261$3,802,260
VIII-3 Investment incomeUnrelated business $293,310$293,310
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assetsUnrelated business $53$53
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $3,802,261 · Unrelated business $293,363$4,095,623
Part IX · Statement of functional expenses $3,555,697 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$3,328,688
IX-5 Pay of current officers, directors and key staff$5,000
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$14,708
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$0
IX-11g Other fees for services$135,971
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)$71,330
IX-25 Total functional expenses$3,555,697
Part X · Balance sheet $11,514,812 assets, 22 lines filed
X-1 Cash, non-interest-bearingStart of year $0$0
X-2 Savings and temporary cash investmentsStart of year $1,502,660$5,333,755
X-3 Pledges and grants receivableStart of year $0$0
X-4 Accounts receivableStart of year $523,579$384,661
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 $0$0
X-12 Other securitiesStart of year $5,834,763$5,770,065
X-13 Program-related investmentsStart of year $0$0
X-14 Intangible assetsStart of year $0$0
X-15 Other assetsStart of year $13,652$26,331
X-16 Total assetsStart of year $7,874,654$11,514,812
X-17 Accounts payable and accrued expensesStart of year $5,623,042$8,095,419
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 $5,623,042$8,095,419
X-32 Total net assets or fund balancesStart of year $2,251,612$3,419,393
X-33 Total liabilities and net assetsStart of year $7,874,654$11,514,812
Part XI · Reconciliation of net assets $3,419,393 net assets at year end
XI-1 Total revenue$4,095,623
XI-2 Total expenses$3,555,697
XI-3 Revenue less expenses$539,926
XI-4 Net assets at start of year$2,251,612
XI-5 Net unrealized gains (losses) on investments$336,242
XI-9 Other changes in net assets$291,613
XI-10 Net assets at end of year$3,419,393

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

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