Exelis Employee Benefit Trust
Exelis Employee Benefit Trust maintains substantial assets with minimal expenses and no officer compensation.
EIN: 133664615 · Melbourne, FL · Updated: 2026-03-28
Is Exelis Employee Benefit Trust Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Exelis Employee Benefit Trust directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Exelis Employee Benefit Trust
Exelis Employee Benefit Trust (EIN: 133664615) is a nonprofit organization based in Melbourne, FL. The organization reported total revenue of $6.9M and total assets of $26.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Exelis Employee Benefit Trust's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Exelis Employee Benefit Trust is a mid-size nonprofit that has been operating for 47 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -17.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $955K |
| Total Expenses | $94K |
| Surplus / Deficit | +$861K |
| Total Assets | $22.4M |
| Total Liabilities | $58K |
| Net Assets | $22.3M |
| Operating Margin | 90.2% |
| Debt-to-Asset Ratio | 0.3% |
| Months of Reserves | 2870.4 months |
Financial Health Grade: A
In 2023, Exelis Employee Benefit Trust reported a surplus of $861K with revenue exceeding expenses, holds 2870.4 months of operating reserves (strong position), has a debt-to-asset ratio of 0.3% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Exelis Employee Benefit Trust's revenue has declined at a compound annual growth rate (CAGR) of -17.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +81.7% | -48.8% | +20.5% |
| 2022 | -44.0% | -49.8% | -17.6% |
| 2021 | -57.2% | -29.6% | +17.3% |
| 2020 | +36.8% | -3.4% | -2.8% |
| 2019 | +90.3% | +168.7% | +19.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1979 |
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 Exelis Employee Benefit 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: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Exelis Employee Benefit Trust 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 surplus of $861K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.3%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers are compensated from the trust, which is highly favorable for an organization of its asset size ($22,375,291 in 2023).
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 Exelis Employee Benefit Trust:
- Consistently low expenses relative to revenue and assets (e.g., $93,541 expenses vs. $954,525 revenue in 2023).
- Zero officer compensation reported across all filings, indicating high transparency and efficient use of funds.
- Substantial and stable asset base, with $22,375,291 in 2023, demonstrating strong financial health.
- Very low liabilities relative to assets, indicating sound financial management.
- Consistent filing history (13 filings) suggests good governance and compliance.
Frequently Asked Questions about Exelis Employee Benefit Trust
Is Exelis Employee Benefit Trust a legitimate charity?
Based on AI analysis of IRS 990 filings, Exelis Employee Benefit Trust (EIN: 133664615) appears legitimate. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.
How does Exelis Employee Benefit Trust spend its money?
Exelis Employee Benefit Trust directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Exelis Employee Benefit Trust tax-deductible?
Exelis Employee Benefit Trust is registered as a tax-exempt nonprofit (EIN: 133664615). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Exelis Employee Benefit Trust a good charity?
Based on the provided financial data, Exelis Employee Benefit Trust exhibits strong financial health, very low expenses relative to revenue and assets, and excellent transparency regarding executive compensation (0%). These factors suggest it is a well-managed entity, likely fulfilling its purpose efficiently.
What is the primary purpose of this trust given its financial structure?
While the NTEE code is unknown, the name 'Employee Benefit Trust' combined with consistent revenue, significant assets, and minimal expenses (especially 0% officer compensation) strongly suggests its primary purpose is to hold and manage funds for the benefit of employees, rather than engaging in typical programmatic spending or fundraising activities.
How has the trust's financial stability changed over time?
The trust has consistently maintained high asset levels, ranging from $15,110,005 in 2015 to $26,647,914 (latest reported). While revenue and expenses have fluctuated, the overall trend shows robust asset management and low liabilities, indicating sustained financial stability.
Filing History
IRS 990 filing history for Exelis Employee Benefit Trust showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Exelis Employee Benefit Trust's revenue has declined by 89.4%, moving from $9.0M to $955K. Total assets decreased by 11.6% over the same period, from $25.3M to $22.4M. Total functional expenses fell by 99.3%, from $13.7M to $94K. In its most recent filing year (2023), Exelis Employee Benefit Trust reported a surplus of $861K, with revenue exceeding expenses. The organization holds $58K in liabilities against $22.4M in assets (debt-to-asset ratio: 0.3%), resulting in net assets of $22.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $955K | $94K | $22.4M | $58K | — | — |
| 2022 | $525K | $183K | $18.6M | $53K | — | View 990 |
| 2021 | $937K | $364K | $22.5M | $71K | — | View 990 |
| 2020 | $2.2M | $517K | $19.2M | $139K | — | View 990 |
| 2019 | $1.6M | $535K | $19.8M | $151K | — | — |
| 2018 | $840K | $199K | $16.6M | $0 | — | View 990 |
| 2017 | $1.4M | $118K | $19.1M | $0 | — | — |
| 2016 | $877K | $101K | $17.1M | $0 | — | View 990 |
| 2015 | $3.1M | $7.3M | $15.1M | $0 | — | View 990 |
| 2014 | $3.9M | $5.6M | $23.1M | $0 | — | — |
| 2013 | $2.6M | $5.5M | $26.2M | $0 | — | — |
| 2012 | $0 | $0 | $1 | $0 | — | View 990 |
| 2011 | $9.0M | $13.7M | $25.3M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $955K, expenses of $94K, and assets of $22.4M (revenue +81.7% year-over-year).
- 2022: Revenue of $525K, expenses of $183K, and assets of $18.6M (revenue -44.0% year-over-year).
- 2021: Revenue of $937K, expenses of $364K, and assets of $22.5M (revenue -57.2% year-over-year).
- 2020: Revenue of $2.2M, expenses of $517K, and assets of $19.2M (revenue +36.8% year-over-year).
- 2019: Revenue of $1.6M, expenses of $535K, and assets of $19.8M (revenue +90.3% year-over-year).
- 2018: Revenue of $840K, expenses of $199K, and assets of $16.6M (revenue -38.9% year-over-year).
- 2017: Revenue of $1.4M, expenses of $118K, and assets of $19.1M (revenue +56.8% year-over-year).
- 2016: Revenue of $877K, expenses of $101K, and assets of $17.1M (revenue -71.9% year-over-year).
- 2015: Revenue of $3.1M, expenses of $7.3M, and assets of $15.1M (revenue -19.4% year-over-year).
- 2014: Revenue of $3.9M, expenses of $5.6M, and assets of $23.1M (revenue +46.8% year-over-year).
- 2013: Revenue of $2.6M, expenses of $5.5M, and assets of $26.2M.
- 2012: Revenue of $0, expenses of $0, and assets of $1 (revenue -100.0% year-over-year).
- 2011: Revenue of $9.0M, expenses of $13.7M, and assets of $25.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Exelis Employee Benefit Trust:
Data Sources and Methodology
This transparency report for Exelis Employee Benefit 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.