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← NORTHWESTERN UNIVERSITY MASTER WELFARE BENEFIT TRUST

Form 990 for tax year 2024

Filed by NORTHWESTERN UNIVERSITY MASTER WELFARE BENEFIT TRUST.

Totals

Total revenue
$145,244,109
Total expenses
$147,053,571
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$144,853,208
Investment income
$390,901
Other revenue
$0
Total assets, end of year
$0
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$0
Program services expenses (Part IX)
$147,053,571
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$147,053,571

Program services were 100.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: SPONSOR CONTRIBUTIONS

    total $102,664,486 · related or exempt $102,664,486

  • 2b · Program service revenue: EMPLOYEE CONTRIBUTIONS

    total $32,621,294 · related or exempt $32,621,294

  • 2c · Program service revenue: REBATES

    total $9,370,269 · related or exempt $9,370,269

  • 2d · Program service revenue: BENEFIT RECOVERY

    total $197,159 · related or exempt $197,159

  • 3 · Investment income

    total $390,901 · related or exempt $390,901

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $139,718,805 · program services $139,718,805

  • 5 · Compensation of officers, directors and key employees

    total $30,245 · program services $30,245

  • 11c · Fees: accounting

    total $3,570 · program services $3,570

  • 24a · Other expenses: ADMINISTRATIVE EXPENSES

    total $7,300,951 · program services $7,300,951

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    end of year $0

  • 2 · Savings and temporary cash investments

    beginning of year $1,809,462 · end of year $0

  • 3 · Pledges and grants receivable

    end of year $0

  • 4 · Accounts receivable

    end of year $0

  • 5 · Loans and receivables from officers and key people

    end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

  • 7 · Other notes and loans receivable

    end of year $0

  • 8 · Inventories for sale or use

    end of year $0

  • 9 · Prepaid expenses and deferred charges

    end of year $0

  • 10c · Land, buildings and equipment, net

    end of year $0

  • 11 · Investments: publicly traded securities

    end of year $0

  • 12 · Investments: other securities

    end of year $0

  • 13 · Investments: program-related

    end of year $0

  • 14 · Intangible assets

    end of year $0

  • 15 · Other assets

    end of year $0

  • 29 · Capital stock, trust principal or current funds

    beginning of year $1,809,462 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $0 · end of year $0

Mission and programs · 2024

Mission

SEE SCHEDULE O

Activities or mission (Part I)

TO PROVIDE MEDICAL BENEFITS TO THE PARTICIPATING MEMBERS OF THE VEBA.

  • THE UNIVERSITY HAS CREATED THIS 501(C)(9) TAX-EXEMPT TRUST OF A VOLUNTARY EMPLOYEES BENEFICIARY ASSOCIATION (VEBA). THE FUNDAMENTAL PURPOSE OF THE ASSOCIATION IS TO PROVIDE HEALTH AND WELFARE INSURANCE BENEFITS TO THOSE PRESENT, SEPARATED AND RETIRED EMPLOYEES OF THE UNIVERSITY WHO ARE ELIGIBLE TO PARTICIPATE IN THE PLAN AND TO THE ELIGIBLE DEPENDENTS OF SUCH EMPLOYEES.

    Expenses $147,053,571 · Revenue $145,244,109

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • The Northern Trust Company

    TRUSTEE

    Total calculated
    $30,245
    From this org
    $30,245
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Assets distributed on this return

Schedule N, as filed: what the organization did with its assets when it liquidated or dissolved, or disposed of more than a quarter of them, and who received them. A recipient with an EIN is usually a successor organization; filers also list expenses such as legal fees here.

  • JP MORGAN CHASE NA

    $0

    Liquidation · BENEFITS/CLAIMS PAID FOR PARTICIPANTS · Nov 27, 2024 · C-CORP

  • MELLON BANK

    $0

    Liquidation · BENEFITS/CLAIMS PAID FOR PARTICIPANTS · Nov 27, 2024 · C-CORP

Provenance

Return type
form_990
Tax year
2024
Filed
28 April 2025
IRS schema version
2024v5.1
Source object
202521189349300807

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