TY 2020 Form 990

(A)
Name and title

(B)
Average hours per week (list any hours for related organizations below dotted line)

(D)
Reportable compensation from the organization (W-2/1099-MISC)

(E)
Reportable compensation from related organizations (W-2/1099-MISC)

(F)
Estimated amount of other compensation from the organization and related organizations

(1) JP Morgan Bank & Trust NA

Trustee & Custodian

10.00
.................

6,834

(A)
Name and title

(B)
Average hours per week (list any hours for related organizations below dotted line)

(D)
Reportable compensation from the organization (W-2/1099-MISC)

(E)
Reportable compensation from related organizations (W-2/1099-MISC)

(F)
Estimated amount of other compensation from the organization and related organizations

(A)
Name and business address

(B)
Description of services

Total number of independent contractors (including but not limited to those listed above) who received more than $100,000 of compensation from the organization MediumBullet

- TIN:

SCHEDULE D
(Form 990)

Department of the Treasury
Internal Revenue Service

Supplemental Financial Statements

Complete if the organization answered "Yes," on Form 990,
Part IV, line 6, 7, 8, 9, 10, 11a, 11b, 11c, 11d, 11e, 11f, 12a, or 12b.
SchDMd Bullet

Attach to Form 990.
SchDMd Bullet

Go to www.irs.gov/Form990 for instructions and the latest information.

OMB No. 1545-0047

2020

Open to Public Inspection

Name of the organization

Auto Club of S Calif Retiree VEBA

Employer identification number

95-4412242

Part I

Organizations Maintaining Donor Advised Funds or Other Similar Funds or Accounts. Complete if the organization answered "Yes" on Form 990, Part IV, line 6.

		(a) Donor advised funds	(b) Funds and other accounts
1	Total number at end of year .........
2	Aggregate value of contributions to (during year)
3	Aggregate value of grants from (during year)
4	Aggregate value at end of year ........

Did the organization inform all donors and donor advisors in writing that the assets held in donor advised funds are the organization’s property, subject to the organization’s exclusive legal control? ............

Yes No

Did the organization inform all grantees, donors, and donor advisors in writing that grant funds can be used only for charitable purposes and not for the benefit of the donor or donor advisor, or for any other purpose conferring impermissible private benefit? ...................................

Yes No

Part II

Conservation Easements.
Complete if the organization answered "Yes" on Form 990, Part IV, line 7.

Purpose(s) of conservation easements held by the organization (check all that apply).

Preservation of land for public use (e.g., recreation or education) Preservation of an historically important land area

Protection of natural habitat Preservation of a certified historic structure

Preservation of open space

Complete lines 2a through 2d if the organization held a qualified conservation contribution in the form of a conservation easement on the last day of the tax year.


a	Total number of conservation easements ......................	2a
b	Total acreage restricted by conservation easements ....................	2b
c	Number of conservation easements on a certified historic structure included in (a) .....	2c
d	Number of conservation easements included in (c) acquired after 7/25/06, and not on a historic structure listed in the National Register ...	2d

Number of conservation easements modified, transferred, released, extinguished, or terminated by the organization during the
tax year SchDMd Bullet

Number of states where property subject to conservation easement is located SchDMd Bullet

Does the organization have a written policy regarding the periodic monitoring, inspection, handling of violations, and enforcement of the conservation easements it holds? ............

Yes No

Staff and volunteer hours devoted to monitoring, inspecting, handling of violations, and enforcing conservation easements during the year
SchDMd Bullet

Amount of expenses incurred in monitoring, inspecting, handling of violations, and enforcing conservation easements during the year
SchDMd Bullet

Does each conservation easement reported on line 2(d) above satisfy the requirements of section 170(h)(4)(B)(i) and section 170(h)(4)(B)(ii)? .............................

Yes No

In Part XIII, describe how the organization reports conservation easements in its revenue and expense statement, and
balance sheet, and include, if applicable, the text of the footnote to the organization’s financial statements that describes
the organization’s accounting for conservation easements.

Part III

Organizations Maintaining Collections of Art, Historical Treasures, or Other Similar Assets.
Complete if the organization answered "Yes" on Form 990, Part IV, line 8.

If the organization elected, as permitted under FASB ASC 958, not to report in its revenue statement and balance sheet works of art, historical treasures, or other similar assets held for public exhibition, education, or research in furtherance of public service, provide, in Part XIII, the text of the footnote to its financial statements that describes these items.

If the organization elected, as permitted under FASB ASC 958, to report in its revenue statement and balance sheet works of art, historical treasures, or other similar assets held for public exhibition, education, or research in furtherance of public service, provide the following amounts relating to these items:

(i)

Revenue included on Form 990, Part VIII, line 1 ......................... SchDMd Bullet

(ii)

Assets included in Form 990, Part X ............................... SchDMd Bullet

If the organization received or held works of art, historical treasures, or other similar assets for financial gain, provide the
following amounts required to be reported under FASB ASC 958 relating to these items:

Revenue included on Form 990, Part VIII, line 1 .......................... SchDMd Bullet

Assets included in Form 990, Part X ............................... SchDMd Bullet

For Paperwork Reduction Act Notice, see the Instructions for Form 990.

Cat. No. 52283D

Schedule D (Form 990) 2020

Page 2

Part III

Organizations Maintaining Collections of Art, Historical Treasures, or Other Similar Assets (continued)

Using the organization’s acquisition, accession, and other records, check any of the following that are a significant use of its collection items (check all that apply):

Public exhibition

Loan or exchange programs

Scholarly research

Other

Preservation for future generations

Provide a description of the organization’s collections and explain how they further the organization’s exempt purpose in
Part XIII.

During the year, did the organization solicit or receive donations of art, historical treasures or other similar
assets to be sold to raise funds rather than to be maintained as part of the organization’s collection?...

Yes No

Part IV

Escrow and Custodial Arrangements. Complete if the organization answered "Yes" on Form 990, Part IV, line 9, or reported an amount on Form 990, Part X, line 21.

Is the organization an agent, trustee, custodian or other intermediary for contributions or other assets not
included on Form 990, Part X? ....................................

Yes No


b	If "Yes," explain the arrangement in Part XIII and complete the following table:		Amount
c	Beginning balance .............................	1c
d	Additions during the year ............................	1d
e	Distributions during the year ..........................	1e
f	Ending balance ................................	1f

Did the organization include an amount on Form 990, Part X, line 21, for escrow or custodial account liability? ...

Yes No

If "Yes," explain the arrangement in Part XIII. Check here if the explanation has been provided in Part XIII ....

Part V

Endowment Funds.
Complete if the organization answered "Yes" on Form 990, Part IV, line 10.

		(a) Current year	(b) Prior year	(c) Two years back	(d) Three years back	(e) Four years back

1a	Beginning of year balance ....
b	Contributions ...
c	Net investment earnings, gains, and losses
d	Grants or scholarships ...
e	Other expenditures for facilities and programs ...
f	Administrative expenses ....
g	End of year balance ......

Provide the estimated percentage of the current year end balance (line 1g, column (a)) held as:

Board designated or quasi-endowment SchDMd Bullet

Permanent endowment SchDMd Bullet

Term endowment SchDMd Bullet

The percentages on lines 2a, 2b, and 2c should equal 100%.

Are there endowment funds not in the possession of the organization that are held and administered for the
organization by:

Yes

(i) Unrelated organizations .......................

3a(i)

(ii) Related organizations .......................

3a(ii)

If "Yes" on 3a(ii), are the related organizations listed as required on Schedule R? .........

Describe in Part XIII the intended uses of the organization's endowment funds.

Part VI

Land, Buildings, and Equipment.
Complete if the organization answered "Yes" on Form 990, Part IV, line 11a. See Form 990, Part X, line 10.

Description of property		(a) Cost or other basis (investment)	(b) Cost or other basis (other)	(c) Accumulated depreciation	(d) Book value

1a	Land .....
b	Buildings ....
c	Leasehold improvements
d	Equipment ....
e	Other .....
Total. Add lines 1a through 1e. (Column (d) must equal Form 990, Part X, column (B), line 10(c).)..		0

Schedule D (Form 990) 2020

Page 3

Part VII

Investments - Other Securities.
Complete if the organization answered "Yes" on Form 990, Part IV, line 11b. See Form 990, Part X, line 12.

(a) Description of security or category (including name of security)	(b) Book value	(c) Method of valuation: Cost or end-of-year market value
(1) Financial derivatives.........
(2) Closely-held equity interests........
(3) Other (A) 00037CVN7 ABAG Fin Auth For Non-Profit Corps Calif 0.05 08/01/2043	655,890	F
(B) 010869HG3 Alameda Corridor Transn Auth Calif Rev 0.05 10/01/2035	297,185	F
(C) 010869HH1 Alameda Corridor Transn Auth Calif Rev 0.05 10/01/2036	354,885	F
(D) 032556HY1 Anaheim Calif Hsg & Pub Impt Auth Rev 0.05 10/01/2050	581,410	F
(E) 1301787Z3 Calif Edl Facs Auth Rev - Chapman Univ 0.05 04/01/2036	433,170	F
(F) 130178F50 Calif Edl Facs Auth Rev Rfdg - Chapman Univ 0.05 04/01/2031	252,435	F
(G) 130179JX3 Calif Edl Facs Auth Rev - Santa Clara Univ 0.05 04/01/2040	243,738	F
(H) 130179PK4 Calif Edl Facs Auth Rev 0.05 12/01/2044	598,805	F
(I) 130179RG1 Calif Edl Facs Auth Rev - Univ of San Francisco 0.05 10/01/2038	873,117	F
(J) 13032UBH0 Calif Health Facs Fing Auth Rev 1 0.04 04/01/2037	476,600	F
(K) Calif Health Facs Fing Auth Rev 2 0.05 11/15/2033	567,436	F
(L) 13032UCL0 Calif Health Facs Fing Auth Rev 0.05 11/15/2041	490,872	F
(M) 13032UDC9 Calif Health Facs Fing Auth Rev 0.05 08/15/2055	531,499	F
(N) 13032UMP0 Calif Health Facs Fing Auth Rev 0.05 11/01/2047	392,932	F
(O) 13032UNY0 Calif Health Facs Fing Auth Rev 0.05 11/15/2048	850,808	F
(P) 13032UPX0 Calif Health Facs Fing Auth Rev 0.05 11/15/2056	272,653	F
(Q) 13032UQP6 Calif Health Facs Fing Auth Rev 0.05 11/15/2036	378,891	F
(R) 13032UUN6 Calif Health Facs Fing Auth Rev 0.05 11/15/2049	542,731	F
(S) 13032UUT3 Calif Health Facs Fing Auth Rev 0.05 10/01/2038	658,219	F
(T) 13032UVN5 Calif Health Facs Fing Auth Rev 0.04 08/15/2050	598,755	F
(U) 13033DAA3 Calif Housing Finance 2019-1 A 0.0425 01/15/2035	119,093	F
(V) 13033DAC9 Calif Housing Fin Agy Mun Ctfs 2019-2 0.04 03/20/2033	499,758	F
(W) 13033LVK0 Calif Health Facs Fing Auth Rev 0.05 08/15/2021	514,430	F
(X) 13033LVV6 Calif Health Facs Fing Auth Rev 0.0525 08/15/2031	773,400	F
(Y) 13033LYR2 Calif Health Facs Fing Auth Rev 0.05 08/15/2042	536,280	F
(Z) 13034AG53 Calif Infrastructure & Econ Dev 0.05 11/01/2029	627,670	F
(AA) 13034AJA9 Calif Infrastructure & Econ Dev 0.05 11/01/2041	396,299	F
(AB) 13034AK82 Calif Infrastructure & Econ Dev 0.04 07/01/2050	631,064	F
(AC) 13034RAT0 Calif Infrastructure & Econ Dev 0.05 08/01/2044	316,860	F
(AD) 13048T3V3 Calif Mun Fin Auth Rev Rfdg 0.05 08/15/2038	442,937	F
(AE) 13048T5R0 Calif Muni Fin Auth Rev Retirement Hsg 0.05 11/15/2030	389,318	F
(AF) 13048T5T6 Calif Muni Fin Auth Rev Retirement Hsg 0.05 11/15/2032	215,344	F
(AG) 13048T7N7 Calif Mun Fin Auth Rev Insd Bds 0.05 05/15/2047	351,645	F
(AH) 13048TY56 Calif Muni Fin Auth Rev Rfdg 0.05 05/15/2027	317,462	F
(AI) 13048VGR3 Calif Mun Fin Auth Rev Insd Bds 0.05 01/01/2033	559,165	F
(AJ) 13048VMJ4 Calif Muni Fin Auth Rev Bds 0.05 10/01/2049	623,765	F
(AK) 13049SBE3 Calif Mun Fin Auth Mobile Home Pk Rev 0.0525 08/15/2049	165,694	F
(AL) 13049UEY1 Calif Mun Fin Auth Lease Rev 0.05 06/01/2043	307,558	F
(AM) 13049YBM2 Calif Muni Fin Auth Student Housing Rev 0.05 05/15/2048	550,805	F
(AN) 13057EAL8 Calif Pub Fin Auth Rev Henry Mayo Newhall 0.05 10/15/2047	589,344	F
(AO) 13063BNB4 Calif State Ref G O 0.0525 09/01/2025	155,021	F
(AP) 13063DHQ4 Calif State Ref G O 0.05 08/01/2036	648,545	F
(AQ) 13063DPV4 Calif State Ref G O 0.04 10/01/2044	300,790	F
(AR) 13063DXD5 Calif State Ref G O 0.04 11/01/2039	1,241,820	F
(AS) 13068LNU5 Calif State Pub Wks Brd Lease Rev 0.05 10/01/2034	610,538	F
(AT) 13078RGJ3 Calif Statewide Cmntys Dev Auth Rev 0.05 05/15/2040	443,092	F
(AU) 13078RHE3 Calif Statewide Cmntys Dev Auth Rev 0.05 05/15/2042	336,531	F
(AV) 1307954K0 Calif Statewide Cmntys Dev Auth Rev 0.05 12/01/2041	522,125	F
(AW) 1307955E3 Calif Statewide Cmntys Dev Auth Rev 0.05 04/01/2042	1,738,424	F
(AX) 13080SES9 Calif Statewide Cmntys Dev Auth Rev 0.05 11/15/2044	589,085	F
(AY) 13080SFV1 Calif Statewide Cmntys Dev Auth Rev 0.05 11/01/2039	352,917	F
(AZ) 13080SKZ6 Calif Statewide Cmntys Dev Auth Rev 0.05 08/15/2038	415,625	F
(BA) 13080SSE5 Calif Statewide Cmntys Dev Auth Rev 0.05 04/01/2047	281,960	F
(BB) 13080STK0 Calif Statewide Cmntys Dev Auth Rev 0.05 07/01/2048	1,208,680	F
(BC) 13080STL8 Calif Statewide Cmntys Dev Auth Rev 0.05 12/01/2053	239,174	F
(BD) 13080SWJ9 Calif Statewide Cmntys Dev Auth Rev 0.05 03/01/2048	242,170	F
(BE) 13081KAU4 Calif Statewide Cmntys Dev Auth Rev 0.05 01/01/2038	299,350	F
(BF) 13081KAV2 Calif Statewide Cmntys Dev Auth Rev 0.05 01/01/2043	236,834	F
(BG) 45750TAA1 Inland Valley Dev Agy Calif Successor Agy 0.0525 09/01/2037	281,410	F
(BH) 45750TAB9 Inland Valley Dev Agy Calif Successor Agy 0.05 09/01/2044	1,000,071	F
(BI) 46360TFX6 Irvine Calif Spl Tax Bds 2018 Rev 0.05 09/01/2051	759,070	F
(BJ) 54438CTH5 Los Angeles Calif Cmnty College Dist Rfdg 0.04 08/01/2033	539,401	F
(BK) 5444357P9 Los Angeles Calif Dept Arpts Rev 0.05 05/15/2041	575,735	F
(BL) 5444358L7 Los Angeles Calif Dept Arpts Rev 0.05 05/15/2041	319,184	F
(BM) 544445DV8 Los Angeles Calif Dept Arpts Rev 0.05 05/15/2042	243,076	F
(BN) 544445ET2 Los Angeles Calif Dept Arpts Rev 0.0525 05/15/2048	610,900	F
(BO) 544445MC0 Los Angeles Calif Dept Arpts Rev 0.05 05/15/2049	488,072	F
(BP) 544495YU2 Los Angeles Calif Dept Wtr & Pwr Rev Rfdg 0.05 07/01/2029	545,860	F
(BQ) 544525DD7 Los Angeles Calif Dept Wtr & Pwr Wtrwks floating 07/01/2035	400,000	F
(BR) 544552WG3 Los Angeles Calif Hbr Dept Rev 0.05 08/01/2035	283,100	F
(BS) 544587H76 Los Angeles Calif Muni Impt Corp Lease Rev 0.04 11/01/2037	569,810	F
(BT) 54465YAN0 Los Angeles Calif Regl Fing Auth 0.05 11/15/2044	214,540	F
(BU) 54466HJT4 Los Angeles Cnty Calif Met Transn Auth 0.04 06/01/2037	620,035	F
(BV) 54473EPX6 Los Angeles Cnty Calif Pub Wks Fing Auth 0.05 08/01/2042	1,072,250	F
(BW) 54473WVM3 Los Angeles Cnty Calif Pub Wks Fing Auth 0.04 12/01/2038	370,143	F
(BX) 545149JQ0 Los Angeles Cnty Calif Santn Dists Fing 0.05 10/01/2035	331,257	F
(BY) 54531FAS0 Los Angeles Cnty Calif Facs Inc Lease Rev 0.05 12/01/2043	1,362,350	F
(BZ) 59059CAX7 Mesa Calif Wtr Dist Ctrs Partn 0.04 03/15/2039	490,780	F
(CA) 59059CAY5 Mesa Calif Wtr Dist Ctrs Partn 0.04 03/15/2040	612,110	F
(CB) 624410GX8 Mountain View Calif Shoreline Regl Pk 0.0575 08/01/2040	511,980	F
(CC) Orange Cnty Calif Wtr Dist Rev Rfdg 0.04 08/15/2035	476,703	F
(CD) 75212CAS8 Rancho Cucamonga Calif Redev Agy 0.05 09/01/2030	578,955	F
(CE) 785849WN6 Sacramento Calif City Fing Auth Rev Rfdg 0.05 12/01/2031	763,925	F
(CF) 786073AV8 Sacramento Calif Transient Occupancy Tax 0.05 06/01/2043	938,536	F
(CG) 786107PC0 Sacramento Cnty Calif Arpt Sys Rev Rfdg 0.05 07/01/2041	355,722	F
(CH) 786107SY9 Sacramento Cnty Calif Arpt Sys Rev Rfdg 0.05 07/01/2035	623,990	F
(CI) 797257AX0 San Diego Assn Govts South Bay 0.05 07/01/2042	1,225,592	F
(CJ) 79739GFR2 San Diego Cnty Calif Regl Arpt Auth 0.05 07/01/2047	241,762	F
(CK) 79739GLC8 San Diego Cnty Calif Regl Arpt Auth 0.04 07/01/2038	394,033	F
(CL) 797669WJ3 San Francisco Calif Bay Area Rapid Transit 0.05 07/01/2034	1,184,880	F
(CM) 797669ZF8 San Francisco Calif Bay Area Rapid Transit 0.04 07/01/2039	116,529	F
(CN) 79766DFR5 San Francisco Calif City & Cnty Arpts Co 0.05 05/01/2028	336,122	F
(CO) 79766DKK4 San Francisco Calif City & Cnty Arpts Co 0.05 05/01/2047	720,732	F
(CP) 79766DMD8 San Francisco Calif City & Cnty Arpts Co 0.05 05/01/2049	499,120	F
(CQ) 79766DSA8 San Francisco Calif City & Cnty Arpts Co 0.05 05/01/2050	613,095	F
(CR) 79766DSB6 San Francisco Calif City & Cnty Arpts Co 0.04 05/01/2050	226,720	F
(CS) 797683GZ6 San Francisco Calif Cmnty College Dist 0.05 06/15/2031	179,280	F
(CT) 798136WT0 San Jose Calif Arpt Rev Rfdg - Ser B 0.05 03/01/2047	532,287	F
(CU) 79876CAQ1 San Marcos Calif Redev Agy Successor Agy 0.05 10/01/2030	532,895	F
(CV) 802447FD9 Santa Monica Calif Redev Agy Tax Alloc 0.05875 07/01/2042	767,790	F
(CW) 840035AW9 South San Francisco Calif Pub Facs Fing 0.04 06/01/2043	1,180,040	F
(CX) 86459DAV8 Successor Agy Morgan Hill Calif Redev Agency 0.05 09/01/2032	563,530	F
(CY) 86459LBR8 Successor Agy Pittsburg Calif Redev Agency 0.05 09/01/2029	582,384	F
(CZ) 86754EAP1 Sunnyvale Calif Fing Auth Lease Rev 0.04 04/01/2037	1,231,750	F
(DA) 89356CAU0 Transbay JT Powers Auth Tax Allocation 0.05 10/01/2049	993,840	F
(DB) 901047GD6 Tustin Calif Cmnty Facs Dist Spl Tax Rfd 0.05 09/01/2037	586,235	F
(DC) 91412G2L8 Univ Calif Revs Ltd Proj - Ser M 0.05 05/15/2047	244,254	F
(DD) 91412G3U7 Univ Calif Revs 0.05 05/15/2037	249,592	F
(DE) 91412G7C3 Univ Calif Revs 0.05 05/15/2037	797,205	F
(DF) 91412GST3 University Calif Revs Rfdg Gen Ser AK floating 05/15/2048	417,135	F
(DG) 91412HDF7 Univ Calif Revs - Ser O 0.055 05/15/2058	319,750	F
(DH) 940204FY1 Washington TWP Calif Heath Care Dist Rev 0.04 07/01/2048	544,770	F
(DI) Settled JP Morgan Treasury Plus MMF - VEBA Retirees T. Rowe Price (blank) (b	26,229	F
(DJ) Settled JP Morgan Treasury Plus MMF - VEBA Retirees Trust (blank) (blank) (b	670,019	F
Total. (Column (b) must equal Form 990, Part X, col. (B) line 12.)	60,759,138

Part VIII

Investments - Program Related. Complete if the organization answered 'Yes' on Form 990, Part IV, line 11c. See Form 990, Part X, line 13.

(a) Description of investment	(b) Book value	(c) Method of valuation: Cost or end-of-year market value

(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
(10)
Total. (Column (b) must equal Form 990, Part X, col.(B) line 13.)

Part IX

Other Assets.
Complete if the organization answered 'Yes' on Form 990, Part IV, line 11d. See Form 990, Part X, line 15.

(a) Description				(b) Book value

(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
(10)
Total. (Column (b) must equal Form 990, Part X, col.(B) line 15.)...........

Part X

Other Liabilities.
Complete if the organization answered 'Yes' on Form 990, Part IV, line 11e or 11f. See Form 990, Part X, line 25.

1.(a) Description of liability	(b) Book value
(1) Federal income taxes

(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
Total. (Column (b) must equal Form 990, Part X, col.(B) line 25.)
2. Liability for uncertain tax positions. In Part XIII, provide the text of the footnote to the organization's financial statements that reports the organization's liability for uncertain tax positions under FIN 48 (ASC 740). Check here if the text of the footnote has been provided in Part XIII

Schedule D (Form 990) 2020

Page 4

Part XI Reconciliation of Revenue per Audited Financial Statements With Revenue per Return. Complete if the organization answered 'Yes' on Form 990, Part IV, line 12a.
1	Total revenue, gains, and other support per audited financial statements .......		1
2	Amounts included on line 1 but not on Form 990, Part VIII, line 12:
a	Net unrealized gains (losses) on investments ....	2a
b	Donated services and use of facilities .........	2b
c	Recoveries of prior year grants ...........	2c
d	Other (Describe in Part XIII.) ............	2d
e	Add lines 2a through 2d .....................		2e
3	Subtract line 2e from line 1..................		3
4	Amounts included on Form 990, Part VIII, line 12, but not on line 1:
a	Investment expenses not included on Form 990, Part VIII, line 7b .	4a
b	Other (Describe in Part XIII.) ...........	4b
c	Add lines 4a and 4b....................		4c
5	Total revenue. Add lines 3 and 4c. (This must equal Form 990, Part I, line 12.) ......		5

Part XII Reconciliation of Expenses per Audited Financial Statements With Expenses per Return. Complete if the organization answered 'Yes' on Form 990, Part IV, line 12a.
1	Total expenses and losses per audited financial statements ...........		1
2	Amounts included on line 1 but not on Form 990, Part IX, line 25:
a	Donated services and use of facilities .........	2a
b	Prior year adjustments ............	2b
c	Other losses ................	2c
d	Other (Describe in Part XIII.) ............	2d
e	Add lines 2a through 2d....................		2e
3	Subtract line 2e from line 1...................		3
4	Amounts included on Form 990, Part IX, line 25, but not on line 1:
a	Investment expenses not included on Form 990, Part VIII, line 7b ..	4a
b	Other (Describe in Part XIII.) ............	4b
c	Add lines 4a and 4b.....................		4c
5	Total expenses. Add lines 3 and 4c. (This must equal Form 990, Part I, line 18.) ......		5

Part XIII

Supplemental Information

Provide the descriptions required for Part II, lines 3, 5, and 9; Part III, lines 1a and 4; Part lV, lines 1b and 2b; Part V, line 4; Part X, line 2; Part XI, lines 2d and 4b; and Part XII, lines 2d and 4b. Also complete this part to provide any additional information.

Return Reference	Explanation

Schedule D (Form 990) 2020

Additional Data

Software ID:
Software Version:

- TIN:

SCHEDULE O
(Form 990 or 990-EZ)

Department of the Treasury
Internal Revenue Service

Supplemental Information to Form 990 or 990-EZ

Complete to provide information for responses to specific questions on
Form 990 or 990-EZ or to provide any additional information.
MediumBullet

Attach to Form 990 or 990-EZ.
MediumBullet

Go to www.irs.gov/Form990 for the latest information.

OMB No. 1545-0047

2020

Open to Public
Inspection

Name of the organization

Auto Club of S Calif Retiree VEBA

Employer identification number

95-4412242

Return Reference	Explanation
Form 990, Part VI, Section B, line 11b	The sponsoring organization prepares and reviews the Form 990 on behalf of the VEBA Trust.
Form 990, Part VI, Section B, line 12c	As there are no employees of the VEBA trust, the responses have been made with respect to the sponoring organization's policies.
Form 990, Part VI, Section B, line 15	As there are no employees of the VEBA trust, the responses have been made with respect to the sponoring organization's policies.
Form 990, Part VI, Section C, line 19	Form 990, Part IV, section C, line 19 - The sponsoring organization does not generally make its governing documents available to the public. Its financial statements are made available to members of the organization.

For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.

Cat. No. 51056K

Schedule O (Form 990 or 990-EZ) 2020

Additional Data

Software ID:
Software Version:

1	Briefly describe the organization’s mission or most significant activities: The Trust provides medical and dental benefits to retired employees of Automobile Club of So Cali and its wholly owned subsidiaries and their dependents.
2	Check this box
3	Number of voting members of the governing body (Part VI, line 1a) ........	3	0
4	Number of independent voting members of the governing body (Part VI, line 1b) .....	4	0
5	Total number of individuals employed in calendar year 2020 (Part V, line 2a) ......	5	0
6	Total number of volunteers (estimate if necessary) .............	6	0
7a	Total unrelated business revenue from Part VIII, column (C), line 12 ........	7a	207,340
b	Net unrelated business taxable income from Form 990-T, line 39 .........	7b	3,299

		Prior Year	Current Year
8	Contributions and grants (Part VIII, line 1h) .........	0	0
9	Program service revenue (Part VIII, line 2g) .........	1,889,770	1,534,853
10	Investment income (Part VIII, column (A), lines 3, 4, and 7d ) ....	2,688,529	2,793,463
11	Other revenue (Part VIII, column (A), lines 5, 6d, 8c, 9c, 10c, and 11e)	1,538,707	-117,409
12	Total revenue—add lines 8 through 11 (must equal Part VIII, column (A), line 12)	6,117,006	4,210,907
13	Grants and similar amounts paid (Part IX, column (A), lines 1–3 )...	0	0
14	Benefits paid to or for members (Part IX, column (A), line 4).....	4,095,898	4,810,827
15	Salaries, other compensation, employee benefits (Part IX, column (A), lines 5–10)	0	0
16a	Professional fundraising fees (Part IX, column (A), line 11e) .....	0	0
b	Total fundraising expenses (Part IX, column (D), line 25) 0
17	Other expenses (Part IX, column (A), lines 11a–11d, 11f–24e)....	209,800	139,935
18	Total expenses. Add lines 13–17 (must equal Part IX, column (A), line 25)	4,305,698	4,950,762
19	Revenue less expenses. Subtract line 18 from line 12.......	1,811,308	-739,855
		Beginning of Current Year	End of Year
20	Total assets (Part X, line 16).............	61,498,993	60,759,138
21	Total liabilities (Part X, line 26).............	0	0
22	Net assets or fund balances. Subtract line 21 from line 20.....	61,498,993	60,759,138

Sign Here

	Signature of officer	Date

	Type or print name and title


4a	(Code: ) (Expenses $ 1,835,239 including grants of $ ) (Revenue $ )
	Premium payments for medical and dental claims to insurance carriers.

4b	(Code: ) (Expenses $ 2,975,588 including grants of $ ) (Revenue $ )
	Net payments for health claims.

4c	(Code: ) (Expenses $ 139,935 including grants of $ ) (Revenue $ )
	Administrative expenses.

4d	Other program services (Describe in Schedule O.)
	(Expenses $ including grants of $ ) (Revenue $ )
4e	Total program service expenses4,950,762

1b	Sub-Total................
c	Total from continuation sheets to Part VII, Section A....
d	Total (add lines 1b and 1c)...........	6,834	0	0

(A) Name and business address	(B) Description of services	(C) Compensation





2 Total number of independent contractors (including but not limited to those listed above) who received more than $100,000 of compensation from the organization 0

1a	Federated campaigns..	1a
b	Membership dues..	1b
c	Fundraising events..	1c
d	Related organizations	1d
e	Government grants (contributions)	1e

f	All other contributions, gifts, grants, and similar amounts not included above	1f

g	Noncash contributions included in lines 1a - 1f:$	1g

h Total. Add lines 1a-1f.......

		Business Code
2a	Employee contribution	525100	1,534,853	1,534,853
b
c
d
e
f	All other program service revenue.
g	Total. Add lines 2a–2f .....		1,534,853

3 Investment income (including dividends, interest, and othersimilar amounts) ......			2,593,441	2,586,123	7,318
4 Income from investment of tax-exempt bond proceeds
5 Royalties...........
		(ii) Personal	(i) Real
6a	Gross rents			6a
b	Less: rental expenses			6b
c	Rental income or (loss)			6c
d	Net rental income or (loss).......
		(ii) Other	(i) Securities
7a	Gross amount from sales of assets other than inventory		20,846,810	7a
b	Less: cost or other basis and sales expenses		20,646,788	7b
c	Gain or (loss)		200,022	7c
d	Net gain or (loss).........			200,022		200,022
8a	Gross income from fundraising events (not including $ of contributions reported on line 1c). See Part IV, line 18 ....
			8a
b	Less: direct expenses ...		8b
c	Net income or (loss) from fundraising events..
9a	Gross income from gaming activities. See Part IV, line 19 ...
			9a
b	Less: direct expenses ...		9b
c	Net income or (loss) from gaming activities..
10a	Gross sales of inventory, less returns and allowances ..
			10a
b	Less: cost of goods sold ..		10b
c	Net income or (loss) from sales of inventory..
Business Code			Miscellaneous Revenue
11a	Unrealized Gain or Los		525920	-117,409	-117,409
b
c
d	All other revenue ....
e	Total. Add lines 11a–11d ......			-117,409
12	Total revenue. See instructions.....			4,210,907	4,003,567	207,340	0

1	Grants and other assistance to domestic organizations and domestic governments. See Part IV, line 21 ....
2	Grants and other assistance to domestic individuals. See Part IV, line 22 ...........
3	Grants and other assistance to foreign organizations, foreign governments, and foreign individuals. See Part IV, lines 15 and 16. .............
4	Benefits paid to or for members .......	4,810,827
5	Compensation of current officers, directors, trustees, and key employees ...........
6	Compensation not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B) .........
7	Other salaries and wages........
8	Pension plan accruals and contributions (include section 401(k) and 403(b) employer contributions) ....
9	Other employee benefits .......
10	Payroll taxes ...........
11	Fees for services (non-employees):
a	Management ......	6,834
b	Legal .........
c	Accounting ...........
d	Lobbying ...........
e	Professional fundraising services. See Part IV, line 17
f	Investment management fees ......	65,913
g	Other (If line 11g amount exceeds 10% of line 25, column (A) amount, list line 11g expenses on Schedule O)	67,188
12	Advertising and promotion ....
13	Office expenses .......
14	Information technology ......
15	Royalties ..
16	Occupancy ...........
17	Travel ............
18	Payments of travel or entertainment expenses for any federal, state, or local public officials .
19	Conferences, conventions, and meetings ....
20	Interest ...........
21	Payments to affiliates .......
22	Depreciation, depletion, and amortization ..
23	Insurance ...
24	Other expenses. Itemize expenses not covered above (List miscellaneous expenses in line 24e. If line 24e amount exceeds 10% of line 25, column (A) amount, list line 24e expenses on Schedule O.)
a
b
c
d
e	All other expenses
25	Total functional expenses. Add lines 1 through 24e	4,950,762
26	Joint costs. Complete this line only if the organization reported in column (B) joint costs from a combined educational campaign and fundraising solicitation. Check here if following SOP 98-2 (ASC 958-720).

1	Cash–non-interest-bearing ........			1
2	Savings and temporary cash investments .........		1,120,594	2	696,248
3	Pledges and grants receivable, net ......			3
4	Accounts receivable, net .............			4
5	Loans and other receivables from any current or former officer, director, trustee, key employee, creator or founder, substantial contributor, or 35% controlled entity or family member of any of these persons .......
				5
6	Loans and other receivables from other disqualified persons (as defined under section 4958(f)(1)), and persons described in section 4958(c)(3)(B) ...
				6
7	Notes and loans receivable, net ...........			7
8	Inventories for sale or use ............			8
9	Prepaid expenses and deferred charges ......			9
10a	Land, buildings, and equipment: cost or other basis. Complete Part VI of Schedule D	10a
b	Less: accumulated depreciation	10b		10c
11	Investments—publicly traded securities .			11
12	Investments—other securities. See Part IV, line 11 .....		60,378,399	12	60,062,890
13	Investments—program-related. See Part IV, line 11 ..			13
14	Intangible assets ...............			14
15	Other assets. See Part IV, line 11 ...........			15
16	Total assets. Add lines 1 through 15 (must equal line 33)...		61,498,993	16	60,759,138

17	Accounts payable and accrued expenses .....		17
18	Grants payable ...		18
19	Deferred revenue .........		19
20	Tax-exempt bond liabilities .........		20
21	Escrow or custodial account liability. Complete Part IV of Schedule D		21
22	Loans and other payables to any current or former officer, director, trustee, key employee, creator or founder, substantial contributor, or 35% controlled entity or family member of any of these persons .........
			22
23	Secured mortgages and notes payable to unrelated third parties ..		23
24	Unsecured notes and loans payable to unrelated third parties ..		24
25	Other liabilities (including federal income tax, payables to related third parties, and other liabilities not included on lines 17 - 24). Complete Part X of Schedule D		25
26	Total liabilities. Add lines 17 through 25..	0	26	0

	Organizations that follow FASB ASC 958, check here and complete lines 27, 28, 32, and 33.
27	Net assets without donor restrictions ..........		27
28	Net assets with donor restrictions ...........		28
	Organizations that do not follow FASB ASC 958, check here and complete lines 29 through 33.
29	Capital stock or trust principal, or current funds .....	0	29	0
30	Paid-in or capital surplus, or land, building or equipment fund ...	0	30	0
31	Retained earnings, endowment, accumulated income, or other funds	61,498,993	31	60,759,138
32	Total net assets or fund balances ...........	61,498,993	32	60,759,138
33	Total liabilities and net assets/fund balances ........	61,498,993	33	60,759,138