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Nonprofiteer
← EATON CORPORATION VOLUNTARY EMPLOYEE BENEFICIARY ASSOCIATION T

Form 990 for tax year 2024

Filed by EATON CORPORATION VOLUNTARY EMPLOYEE BENEFICIARY ASSOCIATION T.

Totals

Total revenue
$332,340,190
Total expenses
$324,038,537
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$331,827,218
Investment income
$488,637
Other revenue
$24,335
Total assets, end of year
$23,995,783
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$23,995,783
Program services expenses (Part IX)
$324,038,537
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$324,038,537

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 $331,827,218 · related or exempt $331,827,218

  • 3 · Investment income

    total $395,349 · excluded $395,349

  • 7a · Gross sales of assets other than inventory

    securities $275,000

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

    securities $181,712

  • 7c · Gain or loss

    securities $93,288

  • 7d · Net gain or loss

    total $93,288 · excluded $93,288

  • 11d · All other revenue

    total $24,335 · excluded $24,335

  • 11e · Other revenue, total

    $24,335

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $324,038,537 · program services $324,038,537

Balance sheet

Part X, book values.

  • 11 · Investments: publicly traded securities

    beginning of year $15,694,129 · end of year $23,995,783

  • 29 · Capital stock, trust principal or current funds

    beginning of year $15,694,129 · end of year $23,995,783

Mission and programs · 2024

Mission

THE EATON CORP VOL EMP BEN ASSOC PLAN MAY BE USED TO PROVIDE FOR LIFE, SICKNESS, ACCIDENT, MEDICAL, DISABILITY, VACATION, RECREATIONAL OR OTHER BENEFITS WHICH MAY BE PROVIDED THROUGH A VOLUNTARY EMPLOYEES' BENEFICIARY ASSOCIATION

  • HEALTH AND WELFARE BENEFITS FOR EATON CORP. PARTICIPANTS

    Expenses $324,038,537 · Grants $324,038,537

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

Listed in Part VII

  • Keybank Na

    TRUSTEE

    Total calculated
    $0
    Hours/week
    3

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.

  • EATON CORPORATION

Provenance

Return type
form_990
Tax year
2024
Filed
5 May 2025
IRS schema version
2024v5.1
Source object
202521289349300417

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