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← HENDRICK AUTOMOTIVE GROUP EMPLOYEE BENEFIT TRUST

Form 990 for tax year 2024

Filed by HENDRICK AUTOMOTIVE GROUP EMPLOYEE BENEFIT TRUST.

Totals

Total revenue
$114,685,593
Total expenses
$121,711,172
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$114,244,379
Investment income
$441,214
Other revenue
$0
Total assets, end of year
$15,701,436
Total liabilities, end of year
$3,175
Net assets or fund balances, end of year
$15,698,261
Program services expenses (Part IX)
$121,711,172
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$121,711,172

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: Employer Contributions

    total $95,428,600 · related or exempt $95,428,600

  • 2b · Program service revenue: Employee Contributions

    total $18,815,779 · related or exempt $18,815,779

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $441,214 · excluded $441,214

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 8c · Net income from fundraising events

    total $0

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $108,308,471 · program services $108,308,471

  • 11g · Fees: other

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 23 · Insurance

    total $6,779,612 · program services $6,779,612

  • 24a · Other expenses: Administrative Expenses

    total $6,623,089 · program services $6,623,089

  • 24e · All other expenses

    total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $8,328,793 · end of year $10,589,251

  • 2 · Savings and temporary cash investments

    beginning of year $10,453,874 · end of year $2,895,088

  • 4 · Accounts receivable

    beginning of year $3,944,348 · end of year $2,217,097

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 10a · Land, buildings and equipment: cost or other basis

    $0

  • 10b · Land, buildings and equipment: accumulated depreciation

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $0 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,175 · end of year $3,175

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $22,723,840 · end of year $15,698,261

Mission and programs · 2024

Mission

Provide health care and life insurance benefits

Activities or mission (Part I)

Provide healthcare and life insurance benefits

  • The Hendrick Automotive Group Voluntary Employees' Beneficiary Association Trust was established as a voluntary employees beneficiary association used for funding and payment of plan benefits for the employees of Hendrick Automotive Group. Plan benefits include major medical, dental expense, short-term disability, and group life insurance.

    Expenses $121,711,172 · Revenue $114,244,379

As filed on the 2024 return.

Listed in Part VII

  • Gary Davis

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Kirk Heppler

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Scott Ennis

    Board Member

    Total calculated
    $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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • Hendrick Automotive Group

    N/A · Automotive Group · NC

    Directly controlled by NA

Provenance

Return type
form_990
Tax year
2024
Filed
13 November 2025
IRS schema version
2024v5.1
Source object
202503179349302285

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