Northrop Grumman Veba Master Trust I
Revenue
$1.34bn
year to 31 December 2024
Expenses
$1.38bn
year to 31 December 2024
Total assets
$249.5m
$907k liabilities
Net assets
$248.6m
assets less liabilities
Directors and trustees
6
7.3 years on average
Staff
0
employees, year to 31 December 2024
Chair observed
≥6 yrs
Eric Scholten
Left since last filing
0
no seats appear to have opened
Northrop Grumman Veba Master Trust I's network
6 peoplei6 people on this map.The large node is the subject of this page. Solid lines are what the register itself records (6). Form 990 filings give names without a person identifier; SEC insider filings carry a CIK.The board
6 listediTime on the board is observed from the annual filings: the IRS files no appointment date, so the bar counts years from the first filing the person appears on - a lower bound, not a filed start date. Names are exactly as filed. The IRS publishes no person identifier, so this edition does not yet link a person across organisations.Time served and departures are observed across annual filings. Observed time served is a lower bound - a member may have joined before the first year on record. The organisation reported 6 voting members of its governing body on its latest Form 990 Part VI, which matches the board listed here.| Name | Role as filed | Since | On the board |
|---|---|---|---|
| Eric Scholten Chair | Invmt Committee Chair | 2018 | 8 yrs |
| Dennis Newberry | Invmt Committee Secretary | 2019 | 7 yrs |
| Ingrid Vaughan | Invmt Committee Member | 2019 | 7 yrs |
| Jeff Schmidt | Invmt Committee Member | 2018 | 8 yrs |
| Richard Boak | Invmt Committee Member | 2022 | 4 yrs |
| Sunil Navale | Invmt Committee Member | 2019 | 7 yrs |
Under 5 years5 to 6 years6 years or more
Pay and hours
year to 31 December 2024iFrom Part VII of the Form 990: compensation reported for each officer, director, trustee, key employee and highest-paid staff member, and the average hours a week they report. Most board members are unpaid; a blank means nothing was reported. Pay from related organisations is shown separately.| Name | Title as filed | Hours a week | Pay from the organisation | Related organisations | Other |
|---|---|---|---|---|---|
| State Street Bank | Trustee | 5 | $25k | ||
| Eric Scholten | Invmt Committee Chair | 0.5 | $0 | ||
| Dennis Newberry | Invmt Committee Secretary | 0.5 | $0 | ||
| Richard Boak | Invmt Committee Member | 0.5 | $0 | ||
| Jeff Schmidt | Invmt Committee Member | 0.5 | $0 | ||
| Sunil Navale | Invmt Committee Member | 0.5 | $0 | ||
| Ingrid Vaughan | Invmt Committee Member | 0.5 | $0 |
About
- Legal name
- Northrop Grumman Veba Master Trust I
- EIN
- 953386394
- Address
- 1776 Heritage Drive 3rd Floor, Quincy, MA, 02171-2119
- State
- Massachusetts
- Mission
- The primary purpose of veba i ("veba i") is to provide health care and life insurance benefits to eligible employees and their dependents as set forth in the northrop grumman corporation veba master trust i. (as filed on the Form 990)
- Activity (NTEE)
- Y20Z Mutual and membership benefit
- IRS classification
- 501(c)09 (tax-exempt under section 501(c)(3) where shown)
- Classified purpose
- Mutual & Membership Benefit
- Size band
- 9 (IRS master file code)
- Formed
- 1988
- Principal officer
- Eric Scholten (as named on the Form 990)
- IRS ruling date
- 1 March 1988
- Status
- Code 01 (unconditional exemption)
- Form 990 filings on record
- 6, latest 2024
Most connected
Longest observed on the filings
≥8years on the filingsEric Scholten
≥8years on the filingsJeff Schmidt
≥7years on the filingsDennis Newberry
≥7years on the filingsIngrid Vaughan
Latest return
year to 31 December 2024iFigures from the newest Form 990 or 990-EZ in the IRS e-file releases of 2025 and 2026, for the year ending 31 December 2024. US dollars, as filed.- Total assets
- $249.5m
- Total liabilities
- $907k
- Net assets or fund balances
- $248.6m
- Contributions and grants received
- $0
- Program service revenue
- $1.32bn
- Employees
- 0
Filed finances
1 yeariTotals as filed on the IRS Form 990 (revenue and expenses), by tax year.| Tax year | Total revenue | Total expenses | Surplus or deficit |
|---|---|---|---|
| 2024 | $1.34bn | $1.38bn | Deficit $33.9m |
As filed on the IRS Form 990. US dollars.