Automatic Data Processing Inc And Susidiaries Empl Welfare Bnft Tr
- Assets
- $109.9m
- Revenue
- $402.4m
- Investments
- $0.0
- Employees
- 0
- Location
- Roseland, NJ
- Founding
- 02/1988
- Data as of
- 06/2021
- EIN
- 22-2541018
Organization Overview
Automatic Data Processing Inc And Susidiaries Empl Welfare Bnft Tr is located in Roseland, NJ. The organization was established in 1988. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Automatic Data Processing Inc And Susidiaries Empl Welfare Bnft Tr is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.
For the year ending 06/2021, Automatic Data Processing Inc And Susidiaries Empl Welfare Bnft Tr generated $402.4m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.7% each year. All expenses for the organization totaled $363.5m during the year ending 06/2021. While expenses have increased by 0.8% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE BENEFITS TO ELIGIBLE PARTICIPANTS OF THE AUTOMATIC DATA PROCESSING, INC. EMPLOYEE WELFARE BENEFIT TRUST.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PAYMENT OF MEDICAL, DENTAL & HOSPITALIZATION BENEFITS FOR ELIGIBLE EMPLOYEES COVERED UNDER THE AUTOMATIC DATA PROCESSING, INC. EMPLOYEE WELFARE BENEFIT TRUST.
PAYMENT OF HEALTH SAVINGS ACCOUNT CONTRIBUTIONS FOR ELIGIBLE EMPLOYEES COVERED UNDER THE AUTOMATIC DATA PROCESSING, INC. EMPLOYEE WELFARE BENEFIT TRUST.
PAYMENT OF LONG TERM DISABILITY BENEFITS FOR ELIGIBLE EMPLOYEES COVERED UNDER THE AUTOMATIC DATA PROCESSING, INC EMPLOYEE WELFARE BENEFIT TRUST.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mike Eberhard Trustee | Trustee | 2 | $0 |
Sreeni Kutam Trustee | Trustee | 2 | $0 |
Michael Bonarti Trustee | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $402,338,416 |
| Investment income | $30,833 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $402,369,249 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $368,047,324 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | -$4,568,821 |
| Total functional expenses | $363,478,503 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,851,559 |
| Savings and temporary cash investments | $104,096,095 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $109,947,654 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $109,947,654 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $109,947,654 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Automatic Data Processing Inc And Susidiaries Empl Welfare Bnft Tr Roseland, NJ | $109,947,654 | $402,369,249 |
Luesther T Mertz Charitable Tr New York, NY | $5,999,424 | $2,179,114 |
Kendeda Fund Wilmington, DE | $107,220,402 | $29,360,526 |
General Professional Liability Lass Fund Trust Agreement Pittsburgh, PA | $165,577,722 | $37,293,555 |
Jader Trust 4 New York, NY | $1,054,851,689 | $157,383,970 |
Rockefeller Family Fund Inc New York, NY | $156,631,848 | $43,772,368 |
Shapiro-Silverberg Foundation New York, NY | $41,665,129 | $24,069,378 |
Hess Philanthropic Fund New York, NY | $231,447,732 | $32,591,174 |
Edith L Trees Charitable Trust Pittsburgh, PA | $351,552,610 | $23,983,044 |
Natural Heritage Trust Albany, NY | $68,314,961 | $23,861,363 |
Hollow Metal Trust Fund New York, NY | $38,290,021 | $12,661,866 |
Adp Foundation Roseland, NJ | $23,560,078 | $20,725,290 |