Bae Systems North America Welfare Benefit Trust
99% goes to programs Thin reserves Growing revenue
Bae Systems North America Welfare Benefit Trust is a 501(c)(9) organization based in Falls Church, Virginia, registered in 1993, with $534,243,661 in FY2024 revenue. CharityIndex grades it B, and it directs about 99% of spending to programs.
2941 Fairview Park Drive Floor 13, Falls Church, VA, 22042 EIN 74-2624710 Since 1993
Revenue (FY2024)
$534.2M
▲ 18.2% vs prior year
Membership median: $185K
Expenses (FY2024)
$538.0M
Net assets
$33.2M
Employees
0
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B
★★★★
Rated on 4 of 4 criteria.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →A+Program efficiency40% of the rating99% to programs
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Bae Systems North America Welfare Benefit Trust: 99% to programs earns a A+ on this criterion. See the exact thresholds →
C+Financial health25% of the rating1 mo reserves · -1% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Bae Systems North America Welfare Benefit Trust: 1 mo reserves · -1% margin earns a C+ on this criterion. See the exact thresholds →
CGovernance25% of the rating2 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Bae Systems North America Welfare Benefit Trust: 2 of 6 checks met earns a C on this criterion. See the exact thresholds →
ATransparency10% of the rating4 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Bae Systems North America Welfare Benefit Trust: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
The organization is a voluntary employees beneficiary association that provides for medical, disability & other benefits. approximately 40,000 participants were subject to benefits.
Contact & location
- Address
- 2941 Fairview Park Drive Floor 13, Falls Church, VA, 22042
- City
- Falls Church
- State
- Virginia
- Category
- Mutual & Membership Benefit
- Subcategory
- Fraternal Societies
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $326.2M (FY2016) to $534.2M (FY2024) across 9 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $0Net assets $33.2M
Operating margin
-0.7%
Spent more than it raised in the latest fiscal year.
Total assets
$33.2M
Total liabilities
$0
Net assets
$33.2M
Salaries & benefits
$5,700
0% of expenses
Board members
1
1 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $534,243,661▲18.2% | $537,974,507▲14.6% | $33,156,493▼10.1% | $33,156,493▼10.1% | 990 |
| 2023 | $451,823,820▲7.9% | $469,517,606▲11.5% | $36,887,339▼32.4% | $36,887,339▼32.4% | 990 |
| 2022 | $418,677,030▲13.0% | $420,965,346▲14.2% | $54,581,125▼4.0% | $54,581,125▼4.0% | 990 |
| 2021 | $370,352,777▼2.0% | $368,710,796▲0.6% | $56,869,441▲73.1% | $56,869,441▲73.1% | 990 |
| 2020 | $377,859,170▲0.6% | $366,469,320▼0.1% | $32,861,780▲53.0% | $32,861,780▲53.0% | 990 |
| 2019 | $375,571,809▲14.1% | $366,961,383▲9.8% | $21,471,930▲66.9% | $21,471,930▲66.9% | 990 |
| 2018 | $329,096,508▲5.5% | $334,071,489▲9.7% | $12,861,504▼27.9% | $12,861,504▼27.9% | 990 |
| 2017 | $311,947,655▼4.4% | $304,528,385▼8.9% | $17,836,485▲71.2% | $17,836,485▲71.2% | 990 |
| 2016 | $326,199,719 | $334,405,715 | $10,417,215 | $10,417,215 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
Highest-paid: Jp Morgan Chase Bank Na — $5,700 (0.00% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Jp Morgan Chase Bank Na | Trustee | 3 | $5,700 |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Alight Solutions LLC | Administrative Svcs | $3,769,156 |
| Marathon Health | Wellness Program | $446,696 |
| Groom Law Group Chartered | Legal Services | $288,397 |
| Segal Benz | Communication Svcs | $180,949 |
| Artemis Health | Wellness Program | $171,676 |
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Compare Bae Systems North America Welfare Benefit Trust
Frequently asked questions
- Is Bae Systems North America Welfare Benefit Trust a legitimate nonprofit?
- Yes. Bae Systems North America Welfare Benefit Trust is a 501(c)(9) organization registered with the U.S. Internal Revenue Service under EIN 74-2624710, based in Falls Church, Virginia.
- What is Bae Systems North America Welfare Benefit Trust's EIN?
- Bae Systems North America Welfare Benefit Trust's Employer Identification Number (EIN) is 74-2624710.
- How much revenue does Bae Systems North America Welfare Benefit Trust report?
- Bae Systems North America Welfare Benefit Trust reported $534,243,661 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Bae Systems North America Welfare Benefit Trust's spending goes to programs?
- Bae Systems North America Welfare Benefit Trust spends about 99% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Bae Systems North America Welfare Benefit Trust have?
- CharityIndex grades Bae Systems North America Welfare Benefit Trust B, based on program efficiency and fundraising cost.
- How much does Bae Systems North America Welfare Benefit Trust's highest-paid employee make?
- The highest reported compensation on Bae Systems North America Welfare Benefit Trust's latest Form 990 is $5,700, paid to Jp Morgan Chase Bank Na (Trustee).
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Data for Bae Systems North America Welfare Benefit Trust (EIN 74-2624710) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.