Boeing Company Veba Master Trust
Boeing Company Veba Master Trust consistently manages billions in employee benefits with zero reported officer compensation.
EIN: 113601529 · Brooklyn, NY · NTEE: Y43 · Updated: 2026-03-28
Is Boeing Company Veba Master Trust Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Boeing Company Veba Master Trust directs 99% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Boeing Company Veba Master Trust
Boeing Company Veba Master Trust (EIN: 113601529) is a nonprofit organization based in Brooklyn, NY, classified under NTEE code Y43. The organization reported total revenue of $2.9B and total assets of $4.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Boeing Company Veba Master Trust's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Boeing Company Veba Master Trust is a major nonprofit that has been operating for 24 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.8B |
| Total Expenses | $2.8B |
| Surplus / Deficit | +$3.3M |
| Total Assets | $6.0M |
| Net Assets | $6.0M |
| Operating Margin | 0.1% |
| Months of Reserves | 0.0 months |
Financial Health Grade: A
In 2023, Boeing Company Veba Master Trust reported a surplus of $3.3M with revenue exceeding expenses, holds 0.0 months of operating reserves (limited).
Financial Trends
Over 13 years of filings (2011–2023), Boeing Company Veba Master Trust's revenue has grown at a compound annual growth rate (CAGR) of 2.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +9.0% | +8.9% | +3432.7% |
| 2022 | +3.6% | +3.6% | -22.8% |
| 2021 | -2.9% | -2.9% | -17.5% |
| 2020 | +0.1% | +0.1% | -25.7% |
| 2019 | +3.0% | +3.0% | -45.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2002 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Boeing Company Veba Master Trust with a Mission Score of 95 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 1%
- programs: 99%
- fundraising: 0%
According to IRS 990 filings, Boeing Company Veba Master Trust allocates its expenses as follows: admin: 1%, programs: 99%, fundraising: 0%. With 99% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $3.3M, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers receive compensation directly from this entity, which is highly favorable for financial efficiency and avoids potential conflicts of interest.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Strengths
The following positive indicators were identified for Boeing Company Veba Master Trust:
- Zero reported officer compensation across all filings, indicating high efficiency and lack of executive pay burden.
- Consistent financial reporting with 13 IRS 990 filings, demonstrating strong transparency and compliance.
- Billions in annual revenue and expenses, showing significant scale and capacity to manage large financial flows.
- Zero reported liabilities across all filings, indicating strong financial stability and no outstanding debts.
- Expenses closely track revenues, suggesting efficient management of funds for its intended purpose.
Frequently Asked Questions about Boeing Company Veba Master Trust
Is Boeing Company Veba Master Trust a legitimate charity?
Based on AI analysis of IRS 990 filings, Boeing Company Veba Master Trust (EIN: 113601529) appears legitimate. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.
How does Boeing Company Veba Master Trust spend its money?
Boeing Company Veba Master Trust directs 99% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Boeing Company Veba Master Trust tax-deductible?
Boeing Company Veba Master Trust is registered as a tax-exempt nonprofit (EIN: 113601529). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Boeing Company Veba Master Trust a good charity?
Based on the provided IRS 990 data, the Boeing Company Veba Master Trust is not a traditional charity in the sense of public fundraising and direct charitable programs. It functions as an employee benefit trust. For its purpose, it appears to be very well-managed, with billions in revenue and expenses, zero officer compensation, and consistent financial reporting.
How does the organization manage its large revenue and expenses?
The organization consistently reports revenues and expenses in the billions, with expenses closely matching revenues (e.g., $2,823,917,292 revenue vs. $2,820,603,332 expenses in 2023). This indicates that the trust efficiently processes and disburses funds for its intended purpose, likely employee benefits, operating on a near break-even basis.
What is the significance of zero officer compensation?
The consistent reporting of 0% officer compensation across all filings is a significant strength, indicating that the trust's leadership is not directly compensated from its funds. This suggests a highly efficient administrative structure or that compensation for oversight roles is handled by a related entity, minimizing overhead within the trust itself.
Why are the assets relatively low compared to the revenue?
For a VEBA trust, assets represent the funds held to pay future benefits, while revenue and expenses reflect the annual flow of contributions and benefit payments. The assets of $6,010,499 in 2023, while not as high as the annual revenue, are substantial and indicate a healthy reserve for its obligations, especially given the consistent annual flow of funds.
Filing History
IRS 990 filing history for Boeing Company Veba Master Trust showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Boeing Company Veba Master Trust's revenue has grown by 28.9%, moving from $2.2B to $2.8B. Total assets increased by 8.4% over the same period, from $5.5M to $6.0M. Total functional expenses rose by 28.8%, from $2.2B to $2.8B. In its most recent filing year (2023), Boeing Company Veba Master Trust reported a surplus of $3.3M, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.8B | $2.8B | $6.0M | $0 | — | — |
| 2022 | $2.6B | $2.6B | $170K | $0 | — | — |
| 2021 | $2.5B | $2.5B | $220K | $0 | — | View 990 |
| 2020 | $2.6B | $2.6B | $267K | $0 | — | View 990 |
| 2019 | $2.6B | $2.6B | $360K | $0 | — | View 990 |
| 2018 | $2.5B | $2.5B | $656K | $0 | — | View 990 |
| 2017 | $2.4B | $2.4B | $892K | $0 | — | View 990 |
| 2016 | $2.7B | $2.7B | $1.2M | $0 | — | View 990 |
| 2015 | $2.7B | $2.7B | $2.4M | $0 | — | View 990 |
| 2014 | $2.6B | $2.6B | $3.7M | $0 | — | View 990 |
| 2013 | $2.4B | $2.4B | $3.5M | $0 | — | View 990 |
| 2012 | $2.3B | $2.3B | $3.8M | $7K | — | View 990 |
| 2011 | $2.2B | $2.2B | $5.5M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.8B, expenses of $2.8B, and assets of $6.0M (revenue +9.0% year-over-year).
- 2022: Revenue of $2.6B, expenses of $2.6B, and assets of $170K (revenue +3.6% year-over-year).
- 2021: Revenue of $2.5B, expenses of $2.5B, and assets of $220K (revenue -2.9% year-over-year).
- 2020: Revenue of $2.6B, expenses of $2.6B, and assets of $267K (revenue +0.1% year-over-year).
- 2019: Revenue of $2.6B, expenses of $2.6B, and assets of $360K (revenue +3.0% year-over-year).
- 2018: Revenue of $2.5B, expenses of $2.5B, and assets of $656K (revenue +4.1% year-over-year).
- 2017: Revenue of $2.4B, expenses of $2.4B, and assets of $892K (revenue -10.1% year-over-year).
- 2016: Revenue of $2.7B, expenses of $2.7B, and assets of $1.2M (revenue +0.4% year-over-year).
- 2015: Revenue of $2.7B, expenses of $2.7B, and assets of $2.4M (revenue +2.7% year-over-year).
- 2014: Revenue of $2.6B, expenses of $2.6B, and assets of $3.7M (revenue +8.8% year-over-year).
- 2013: Revenue of $2.4B, expenses of $2.4B, and assets of $3.5M (revenue +2.2% year-over-year).
- 2012: Revenue of $2.3B, expenses of $2.3B, and assets of $3.8M (revenue +6.1% year-over-year).
- 2011: Revenue of $2.2B, expenses of $2.2B, and assets of $5.5M.
Data Sources and Methodology
This transparency report for Boeing Company Veba Master Trust is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.