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← ELI LILLY COMPANY MASTER TRUST FOR POST-RETIREMENT MEDICAL BENEFI

Form 990 for tax year 2022

Filed by ELI LILLY COMPANY MASTER TRUST FOR POST-RETIREMENT MEDICAL BENEFI.

Totals

Total revenue
-$192,704,056
Total expenses
$71,381,855
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$31,759,131
Investment income
-$224,463,187
Other revenue
$0
Total assets, end of year
$1,485,079,860
Total liabilities, end of year
$347,135
Net assets or fund balances, end of year
$1,484,732,725
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

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: PROCEEDS FROM LIFE INSURANCE PROG

    total $31,759,131 · related or exempt $31,759,131

  • 3 · Investment income

    total $89,397,543 · unrelated business $373,897 · excluded $89,023,646

  • 7a · Gross sales of assets other than inventory

    securities $893,415,556

  • 7b · Less cost or other basis and sales expenses

    securities $1,207,276,286

  • 7c · Gain or loss

    securities -$313,860,730

  • 7d · Net gain or loss

    total -$313,860,730 · excluded -$313,860,730

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $55,427,298

  • 11c · Fees: accounting

    total $74,780

  • 11f · Fees: investment management

    total $1,713,377

  • 11g · Fees: other

    total $77,808

  • 24a · Other expenses: UBI TAXES

    total $35,000

  • 24b · Other expenses: COST OF INSURANCE

    total $10,617,991

  • 24c · Other expenses: PBF FUND BASIS CHARGE

    total $1,646,115

  • 24d · Other expenses: ADMIN. EXP. REIMBURSEME

    total $1,424,446

  • 24e · All other expenses

    total $365,040

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $17,983,521 · end of year $14,200,058

  • 12 · Investments: other securities

    beginning of year $2,166,788,195 · end of year $1,470,830,037

  • 15 · Other assets

    beginning of year $643 · end of year $49,765

  • 25 · Other liabilities

    beginning of year $602,471 · end of year $347,135

  • 29 · Capital stock, trust principal or current funds

    beginning of year $2,184,169,888 · end of year $1,484,732,725

  • 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 · 2022

Mission

THE ELI LILLY & COMPANY MASTER TRUST FOR POST-RETIREMENT MEDICAL BENEFITS IS A VOLUNTARY EMPLOYEES' BENEFICIARY ASSOCIATION (VEBA) TRUST. THE PURPOSE OF THE MASTER TRUST IS TO PROVIDE FOR THE CONTINUED FUNDING OF MEDICAL AND DENTAL BENEFIT PAYMENTS TO RETIRED EMPLOYEES, THEIR DEPENDENTS AND BENEFICIARIES AS AUTHORIZED AND DEFINED BY THE PLAN.

Activities or mission (Part I)

TO PROVIDE FOR THE CONTINUED FUNDING OF MEDICAL AND DENTAL BENEFIT PAYMENTS TO RETIRED EMPLOYEES, THEIR DEPENDENTS AND BENEFICIARIES AS AUTHORIZED AND DEFINED BY THE PLAN.

  • THE MASTER TRUST PROVIDES FUNDING FOR MEDICAL AND DENTAL BENEFITS FOR ELIGIBLE RETIRED EMPLOYEES OF ELI LILLY & CO.

As filed on the 2022 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
    $25,175
    From this org
    $25,175
    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.

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 corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • ELI LILLY AND COMPANY

    C · PHARMACEUTICA · IN

Provenance

Return type
form_990
Tax year
2022
Filed
6 November 2023
IRS schema version
2022v5.0
Source object
202343109349301939

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