Colgate Palmolive Post Retirement Veba Tr
Colgate Palmolive Post Retirement Veba Tr shows highly volatile financial performance with significant annual deficits and surpluses.
EIN: 136972051 · New York, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $6.3M |
| Total Expenses | $12.8M |
| Program Spending | 90% |
| Net Assets | $1.0M |
| Transparency Score | 65/100 |
Is Colgate Palmolive Post Retirement Veba Tr Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Colgate Palmolive Post Retirement Veba Tr directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Colgate Palmolive Post Retirement Veba Tr
Colgate Palmolive Post Retirement Veba Tr (EIN: 136972051) is a nonprofit organization based in New York, NY. The organization reported total revenue of $6.3M and total assets of $1.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Colgate Palmolive Post Retirement Veba Tr's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Colgate Palmolive Post Retirement Veba Tr is a mid-size nonprofit that has been operating for 33 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 7.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $7.0M |
| Total Expenses | $12.8M |
| Surplus / Deficit | $-5,764,210 |
| Total Assets | $1.0M |
| Net Assets | $1.0M |
| Operating Margin | -82.0% |
| Months of Reserves | 1.0 months |
Financial Health Grade: C
In 2023, Colgate Palmolive Post Retirement Veba Tr reported a deficit of $5.8M with expenses exceeding revenue, holds 1.0 months of operating reserves (limited).
Financial Trends
Over 13 years of filings (2011–2023), Colgate Palmolive Post Retirement Veba Tr's revenue has grown at a compound annual growth rate (CAGR) of 7.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +-0.0% | +483.1% | -84.8% |
| 2022 | +6.5% | -88.2% | +246.1% |
| 2021 | -7.7% | +6833.4% | -85.9% |
| 2020 | +18.7% | +505.4% | +97.5% |
| 2019 | -1.6% | -99.2% | +553.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1993 |
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 Colgate Palmolive Post Retirement Veba Tr with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Colgate Palmolive Post Retirement Veba Tr allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% 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 deficit of $5.8M, with expenses exceeding revenue.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all filings, indicating that no officers receive compensation directly from this entity, which is unusual for an organization managing millions in assets and expenses.
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.
Red Flags
The following concerns were identified during AI analysis of Colgate Palmolive Post Retirement Veba Tr's IRS 990 filings:
- Highly volatile financial performance with significant annual deficits (e.g., $5,764,210 deficit in 2023) and surpluses (e.g., $4,834,638 surplus in 2022).
- NTEE code is 'Unknown', hindering clear understanding of mission and program area.
- Lack of detailed expense breakdown beyond total expenses makes it difficult to verify program spending efficiency.
- Consistently reporting 0% officer compensation, which, while not inherently negative, can obscure the true cost of management if compensated by a related entity.
Strengths
The following positive indicators were identified for Colgate Palmolive Post Retirement Veba Tr:
- Consistently reports $0 in liabilities across all filings, indicating strong financial stability and no debt burden.
- Significant asset base, though fluctuating, suggests capacity to meet future obligations (e.g., $6,799,524 in assets in 2022).
- The nature of a VEBA trust implies a direct benefit to employees, aligning expenses with a clear purpose.
Frequently Asked Questions about Colgate Palmolive Post Retirement Veba Tr
Is Colgate Palmolive Post Retirement Veba Tr a legitimate charity?
Colgate Palmolive Post Retirement Veba Tr (EIN: 136972051) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 65/100. It has 13 years of IRS 990 filings on record. Total revenue: $6.3M. 4 red flags identified. 3 strengths noted. Financial health grade: C.
How does Colgate Palmolive Post Retirement Veba Tr spend its money?
Colgate Palmolive Post Retirement Veba Tr directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Colgate Palmolive Post Retirement Veba Tr tax-deductible?
Colgate Palmolive Post Retirement Veba Tr is registered as a tax-exempt nonprofit (EIN: 136972051). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Colgate Palmolive Post Retirement Veba Tr located?
Colgate Palmolive Post Retirement Veba Tr is headquartered in New York, New York and files with the IRS under EIN 136972051.
How many years of IRS 990 filings does Colgate Palmolive Post Retirement Veba Tr have?
Colgate Palmolive Post Retirement Veba Tr has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $6.3M in total revenue.
What is the specific purpose of the 'Colgate Palmolive Post Retirement Veba Tr' and how does it relate to Colgate Palmolive?
The name 'Post Retirement Veba Tr' suggests it is a Voluntary Employees' Beneficiary Association trust, likely established to provide post-retirement benefits to employees of Colgate Palmolive. However, without a clear NTEE code or mission statement, the exact nature of its activities and beneficiaries remains unclear.
Why are there such large fluctuations in annual expenses, such as $268,060 in 2020 versus $18,585,747 in 2021?
The significant swings in expenses, from a low of $44,280 in 2019 to a high of $26,972,426 in 2014 (and $18,585,747 in 2021), suggest that the trust's expenditures are highly dependent on specific benefit payouts or investment activities rather than consistent operational costs. This could be due to the nature of a VEBA trust, where large payouts occur when benefits are due.
How does the organization manage to consistently report $0 in liabilities?
Consistently reporting $0 in liabilities across all filings is a strong indicator of financial health and prudent management, suggesting the trust is not incurring debt or has immediate obligations that are not covered by its assets. This could also imply that any liabilities are managed by the sponsoring entity, Colgate Palmolive.
Given the 'Unknown' NTEE code, how can one assess the organization's programmatic efficiency?
Without a defined NTEE code or detailed breakdown of expenses beyond total expenses, it is challenging to assess programmatic efficiency. The assumption is that the majority of expenses are for the intended post-retirement benefits (programs), but without specific reporting, this remains an assumption.
Filing History
IRS 990 filing history for Colgate Palmolive Post Retirement Veba Tr showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Colgate Palmolive Post Retirement Veba Tr's revenue has grown by 142%, moving from $2.9M to $7.0M. Total assets decreased by 84.2% over the same period, from $6.6M to $1.0M. Total functional expenses rose by 406.8%, from $2.5M to $12.8M. In its most recent filing year (2023), Colgate Palmolive Post Retirement Veba Tr reported a deficit of $5.8M, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $7.0M | $12.8M | $1.0M | $0 | — | — |
| 2022 | $7.0M | $2.2M | $6.8M | $0 | — | View 990 |
| 2021 | $6.6M | $18.6M | $2.0M | $0 | — | View 990 |
| 2020 | $7.2M | $268K | $14.0M | $0 | — | View 990 |
| 2019 | $6.0M | $44K | $7.1M | $0 | — | — |
| 2018 | $6.1M | $5.8M | $1.1M | $0 | — | View 990 |
| 2017 | $4.2M | $4.9M | $772K | $0 | — | View 990 |
| 2016 | $3.7M | $5.6M | $1.5M | $0 | — | View 990 |
| 2015 | $3.2M | $1.1M | $3.4M | $0 | — | View 990 |
| 2014 | $2.9M | $7.0M | $1.3M | $0 | — | View 990 |
| 2013 | $2.8M | $5.8M | $5.3M | $0 | — | View 990 |
| 2012 | $4.3M | $2.6M | $8.2M | $0 | — | View 990 |
| 2011 | $2.9M | $2.5M | $6.6M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $7.0M, expenses of $12.8M, and assets of $1.0M (revenue +-0.0% year-over-year).
- 2022: Revenue of $7.0M, expenses of $2.2M, and assets of $6.8M (revenue +6.5% year-over-year).
- 2021: Revenue of $6.6M, expenses of $18.6M, and assets of $2.0M (revenue -7.7% year-over-year).
- 2020: Revenue of $7.2M, expenses of $268K, and assets of $14.0M (revenue +18.7% year-over-year).
- 2019: Revenue of $6.0M, expenses of $44K, and assets of $7.1M (revenue -1.6% year-over-year).
- 2018: Revenue of $6.1M, expenses of $5.8M, and assets of $1.1M (revenue +46.2% year-over-year).
- 2017: Revenue of $4.2M, expenses of $4.9M, and assets of $772K (revenue +14.2% year-over-year).
- 2016: Revenue of $3.7M, expenses of $5.6M, and assets of $1.5M (revenue +15.9% year-over-year).
- 2015: Revenue of $3.2M, expenses of $1.1M, and assets of $3.4M (revenue +7.4% year-over-year).
- 2014: Revenue of $2.9M, expenses of $7.0M, and assets of $1.3M (revenue +3.5% year-over-year).
- 2013: Revenue of $2.8M, expenses of $5.8M, and assets of $5.3M (revenue -33.7% year-over-year).
- 2012: Revenue of $4.3M, expenses of $2.6M, and assets of $8.2M (revenue +48.1% year-over-year).
- 2011: Revenue of $2.9M, expenses of $2.5M, and assets of $6.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Colgate Palmolive Post Retirement Veba Tr:
Data Sources and Methodology
This transparency report for Colgate Palmolive Post Retirement Veba Tr 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.