TY 2024 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/1099-NEC)

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

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

(1) JP Morgan Bank & Trust NA

Trustee & Custodian

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

7,000

(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/1099-NEC)

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

(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 0

- 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.
right arrow

Attach to Form 990.
right arrow

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

OMB No. 1545-0047

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 July 25, 2006, 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 right arrow

Number of states where property subject to conservation easement is located right arrow

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
right arrow

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

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 ......................... right arrow

(ii)

Assets included in Form 990, Part X ............................... right arrow

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 .......................... right arrow

Assets included in Form 990, Part X ............................... right arrow

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

Cat. No. 52283D

Schedule D (Form 990) (Rev. 1-2025)

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 right arrow

Permanent endowment right arrow

Term endowment right arrow

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) (Rev. 1-2025)

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) 010869HH1 Alameda Corridor Transn Auth Calif Rev 0.05 49949	306,868	F
(B) 072024WM0 Bay Area Toll Auth Calif Toll Brdg Rev 0.03 56340	783,154	F
(C) 072024YE6 Bay Area Toll Auth Calif Toll Brdg Rev floating 56705	500,000	F
(D) 1301787Z3 Calif Edl Facs Auth Rev - Chapman Univ 0.05 49766	376,092	F
(E) 130179JX3 Calif Edl Facs Auth Rev - Santa Clara Univ 0.05 51227	206,200	F
(F) 130179PK4 Calif Edl Facs Auth Rev 0.05 52932	506,693	F
(G) 13032UMP0 Calif Health Facs Fing Auth Rev 0.05 53997	579,800	F
(H) 13032UNY0 Calif Health Facs Fing Auth Rev 0.05 54377	1,026,132	F
(I) 13032UQP6 Calif Health Facs Fing Auth Rev 0.05 49994	313,928	F
(J) 13033DAA3 Calif Housing Fin Agy Mun Ctfs 2019-1 0.0425 49324	98,078	F
(K) 13033DAC9 Calif Housing Fin Agy Mun Ctfs 2019-2 0.04 48658	392,367	F
(L) 13033DAL9 Calif Housing Fin Agy Mun Ctfs 2023-1 0.04375 49938	378,816	F
(M) 13035ADB2 Calif Infrastructure & Econ Dev 0.04125 55824	229,816	F
(N) 13048T3V3 Calif Mun Fin Auth Rev Rfdg 0.05 50632	370,781	F
(O) 13048T5R0 Calif Muni Fin Auth Rev Retirement Hsg 0.05 47802	355,358	F
(P) 13048T5T6 Calif Muni Fin Auth Rev Retirement Hsg 0.05 48533	199,145	F
(Q) 13048T7N7 Calif Mun Fin Auth Rev Insd Bds 0.05 53827	306,604	F
(R) 13048VF37 Calif Muni Fin Auth Rev Bds 0.0525 56036	490,860	F
(S) 13048VGR3 Calif Mun Fin Auth Rev Insd Bds 0.05 48580	474,599	F
(T) 130493CA5 Calif Mun Fin Auth Ctfs Partn COPs 0.05 46692	114,907	F
(U) 130493CC1 Calif Mun Fin Auth Ctfs Partn COPs 0.05 47423	160,869	F
(V) 130493CL1 Calif Mun Fin Auth Ctfs Partn COPs 0.0525 55824	277,235	F
(W) 13049SFG4 Calif Muni Fin Auth Mobile Home Pk Rev 0.0525 56111	140,743	F
(X) 13049UEY1 Calif Mun Fin Auth Lease Rev 0.05 52383	261,200	F
(Y) 13049YBM2 Calif Muni Fin Auth Student Housing Rev 0.05 54193	486,275	F
(Z) 13057EAL8 Calif Pub Fin Auth Rev Henry Mayo Newhall 0.05 53980	527,585	F
(AA) 13063DHQ4 Calif State Ref G O 0.05 49888	528,321	F
(AB) 13078RGJ3 Calif Statewide Cmntys Dev Auth Rev 0.05 51271	405,047	F
(AC) 13078RHE3 Calif Statewide Cmntys Dev Auth Rev 0.05 52001	305,009	F
(AD) 13080SC28 Calif Statewide Cmntys Dev Auth Rev 0.04 50496	205,168	F
(AE) 13080SC93 Calif Statewide Cmntys Dev Auth Rev 0.04 55244	279,947	F
(AF) 13080SM76 Calif Statewide Cmntys Dev Auth Rev 0.0525 55746	457,282	F
(AG) 13080SSE5 Calif Statewide Cmntys Dev Auth Rev 0.05 53783	252,084	F
(AH) 13080STK0 Calif Statewide Cmntys Dev Auth Rev 0.05 54240	1,032,997	F
(AI) 13080STL8 Calif Statewide Cmntys Dev Auth Rev 0.05 56219	204,469	F
(AJ) 13081KAU4 Calif Statewide Cmntys Dev Auth Rev 0.05 50406	260,533	F
(AK) 13081KAV2 Calif Statewide Cmntys Dev Auth Rev 0.05 52232	206,488	F
(AL) Chino Vy Uni Sch Dist Calif Election 2016 0.03375 55001	862,319	F
(AM) 45750TAA1 Inland Valley Dev Agy Calif Successor Agy 0.0525 50284	251,881	F
(AN) 45750TAB9 Inland Valley Dev Agy Calif Successor Agy 0.05 52841	906,578	F
(AO) 46360WAX4 Irvine Calif Facs Fin Auth Rev 0.0525 56128	854,587	F
(AP) 542403DR8 Long Beach Calif Arpt Rev AMT Sr Bds 0.0525 53844	795,094	F
(AQ) 5444357P9 Los Angeles Calif Dept Arpts Rev 0.05 51636	500,950	F
(AR) 544445DV8 Los Angeles Calif Dept Arpts Rev 0.05 52001	206,897	F
(AS) 544445ET2 Los Angeles Calif Dept Arpts Rev 0.0525 54193	514,161	F
(AT) 544445MC0 Los Angeles Calif Dept Arpts Rev 0.05 54558	407,956	F
(AU) 544445WQ8 Los Angeles Calif Dept Arpts Rev 0.04 52001	194,143	F
(AV) 544445YG8 Los Angeles Calif Dept Arpts Rev 0.05 53097	135,321	F
(AW) 544525Q43 Los Angeles Calif Dept Wtr & Pwr Wtrwks 0.05 55701	622,538	F
(AX) 544587H76 Los Angeles Calif Muni Impt Corp Lease Rev 0.04 50345	502,911	F
(AY) 54531FAS0 Los Angeles Cnty Calif Facs Inc Lease Rev 0.05 52566	1,154,768	F
(AZ) 59059CAX7 Mesa Calif Wtr Dist Ctrs Partn 0.04 50844	413,199	F
(BA) 59059CAY5 Mesa Calif Wtr Dist Ctrs Partn 0.04 51210	512,805	F
(BB) 672325R58 Oakland Calif Uni Sch Dist Alameda Elec 2020 0.0525 54271	551,747	F
(BC) 683042AY1 Ontario Calif Intl Arpt Auth Rev AMT Bonds 0.04 50175	350,588	F
(BD) 75212CAS8 Rancho Cucamonga Calif Redev Agy 0.05 47727	500,491	F
(BE) 754405JN9 Ravenswood Calif City Sch Dist Gen Elect 2022 0.0525 56097	790,943	F
(BF) 76912DAZ1 Riverside Cnty Calif Transn Commn Toll Rds 0.04 53479	884,877	F
(BG) 785849WN6 Sacramento Calif City Fing Auth Rev Rfdg 0.05 48183	640,236	F
(BH) 786073AV8 Sacramento Calif Transient Occupancy Tax 0.05 52383	835,841	F
(BI) 786107PC0 Sacramento Cnty Calif Arpt Sys Rev Rfdg 0.05 51683	306,339	F
(BJ) 786107SY9 Sacramento Cnty Calif Arpt Sys Rev Rfdg 0.05 49491	530,870	F
(BK) 797257AX0 San Diego Assn Govts South Bay 0.05 52048	1,082,742	F
(BL) 79739GFR2 San Diego Cnty Calif Regl Arpt Auth 0.05 53874	205,984	F
(BM) 79739GMA1 San Diego Cnty Calif Regl Arpt Auth 0.05 50587	129,365	F
(BN) 79739GRL2 San Diego Cnty Calif Regl Arpt Auth 0.05 56066	259,204	F
(BO) 79765R5Q8 San Francisco Calif City & Cnty Pub Utils 0.03 55093	396,172	F
(BP) 797669ZF8 San Francisco Calif Bay Area Rapid Transit 0.04 50952	100,994	F
(BQ) 79766DKK4 San Francisco Calif City & Cnty Arpts 0.05 53813	616,776	F
(BR) 79766DMD8 San Francisco Calif City & Cnty Arpts 0.05 54544	418,110	F
(BS) 79766DSA8 San Francisco Calif City & Cnty Arpts 0.05 54909	510,283	F
(BT) 798189TG1 San Jose Evergreen Calif Cmnty College 0.04 53206	502,775	F
(BU) 79876CAQ1 San Marcos Calif Redev Agy Successor Agy 0.05 47757	455,767	F
(BV) 799055TZ1 San Mateo Foster City Calif Sch Dist Elementary 0.04 54271	1,000,456	F
(BW) 86459LBR8 Successor Agy Pittsburg Calif Redev Agency 0.05 47362	493,224	F
(BX) 89356CAU0 Transbay JT Powers Auth Tax Allocation 0.05 54697	808,133	F
(BY) 901047GD6 Tustin Calif Cmnty Facs Dist Spl Tax Rfd 0.05 50284	503,729	F
(BZ) 913366KS8 Univ Calif Regts Med Ctr Pooled Rev 0.05 53827	1,130,147	F
(CA) 913366KU3 Univ Calif Regts Med Ctr Pooled Rev 0.035 56384	270,216	F
(CB) 91412G3U7 Univ Calif Gen Rev Bds 2017 0.05 50175	207,639	F
(CC) 91412HBB8 Univ Calif Gen Rev Bds 2018 0.05 54193	208,184	F
(CD) 91412HDF7 Univ Calif Revs Ltd Proj Bds 2018 0.055 57845	264,274	F
(CE) 940204FY1 Washington TWP Calif Heath Care Dist Rev 0.04 54240	423,352	F
(CF) 940642GF2 Washington CA Health Care Dist G O 0.055 56097	279,648	F
(CG) 189342T32 Clovis Calif Uni Sch Dist Election 2020 0.04 54271	250,387	F
(CH) 250375NC2 Desert Calif Cmnty College Dist 0.04 55366	500,078	F
(CI) 5446463V2 Los Angeles Calif Uni Sch Dis G O 0.04 49126	1,001,591	F
(CJ) 544647DN7 Los Angeles Calif Uni Sch Dis Ppty Tax 0.04 52779	503,292	F
(CK) 797356MV1 San Diego Calif Uni Sch Dist GO Election 2022 0.04 56431	124,545	F
(CL) 797661WW1 San Francisco Calif Bay Area Rapid Trans Dist G O 0.05 49888	825,780	F
(CM) 817409R49 Sequoia Union High Sch Dist 0.04 55701	746,069	F
(CN) 13034A5B2 Calif Infrastructure & Econ Dev 0.0325 47331	772,921	F
(CO) 13034AK74 Calif Infrastructure & Econ Dev 0.03 54970	769,188	F
(CP) 13034DAM6 Calif Housing Fin Agy Ltd Oblig 0.041 51318	669,235	F
(CQ) 13035ADW6 Calif Infrastructure & Econ Dev 0.05 56554	342,675	F
(CR) 130489AB3 Calif Muni Fin Auth Rev Bds 0.042 51349	984,227	F
(CS) 13069BBB1 Calif State Enterprise Dev Auth Studen Hsg Rev 0.05 50785	264,687	F
(CT) 36527RBQ0 Garden Grove Calif Pub Fing Auth 0.04 56340	143,238	F
(CU) 492244FZ6 Kern Calif Cmnty College Dist Election 0.03 53540	625,917	F
(CV) 544552D25 Los Angeles Calif Hbr Dept Rev AMT Ref Bds 2024 0.05 50618	757,653	F
(CW) 786107RX2 Sacramento Cnty Calif Arpt Sys Rev Rfdg 0.05 50587	1,144,063	F
(CX) 79739GFQ4 San Diego Cnty Calif Regl Arpt Auth 0.05 52048	1,076,247	F
(CY) 79766DWC9 San Francisco Calif City & Cnty Arpts 0.04 54909	15,061	F
(CZ) 79766DWF2 San Francisco Calif City & Cnty Arpts 0.04 54909	174,546	F
Total. (Column (b) must equal Form 990, Part X, col. (B) line 12.)	50,188,064

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

(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
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

(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
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









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) (Rev. 1-2025)

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) (Rev. 1-2025)

Additional Data

Software ID:
Software Version:

- TIN:

SCHEDULE O
(Form 990)
(Rev. January 2025)
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.
Attach to Form 990 or 990-EZ.
Go to www.irs.gov/Form990 for instructions and the latest information.

OMB No. 1545-0047

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) (Rev. 1-2025)

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 2024 (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	-1,282,724
b	Net unrelated business taxable income from Form 990-T, Part I, line 11 .........	7b	99,476

		Prior Year	Current Year
8	Contributions and grants (Part VIII, line 1h) .........	0	0
9	Program service revenue (Part VIII, line 2g) .........	1,310,067	1,241,404
10	Investment income (Part VIII, column (A), lines 3, 4, and 7d ) ....	1,161,738	827,401
11	Other revenue (Part VIII, column (A), lines 5, 6d, 8c, 9c, 10c, and 11e)	2,474,195	300,394
12	Total revenue—add lines 8 through 11 (must equal Part VIII, column (A), line 12)	4,946,000	2,369,199
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).....	3,289,699	4,302,672
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)....	126,106	112,379
18	Total expenses. Add lines 13–17 (must equal Part IX, column (A), line 25)	3,415,805	4,415,051
19	Revenue less expenses. Subtract line 18 from line 12.......	1,530,195	-2,045,852
		Beginning of Current Year	End of Year
20	Total assets (Part X, line 16).............	53,039,276	50,993,424
21	Total liabilities (Part X, line 26).............	0	0
22	Net assets or fund balances. Subtract line 21 from line 20.....	53,039,276	50,993,424

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	Signature of officer	Date

	Type or print name and title


4a	(Code: ) (Expenses $ 1,130,910 including grants of $ ) (Revenue $ )
	Premium payments for medical and dental claims to insurance carriers.

4b	(Code: ) (Expenses $ 3,171,762 including grants of $ ) (Revenue $ )
	Net payments for health claims.

4c	(Code: ) (Expenses $ 112,379 including grants of $ ) (Revenue $ )
	Administrative expenses.

4d	Other program services (Describe in Schedule O.)
	(Expenses $ including grants of $ ) (Revenue $ )
4e	Total program service expenses4,415,051

1b	Sub-Total..............
c	Total from continuation sheets to Part VII, Section A..
d	Total (add lines 1b and 1c).........	7,000	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	1,241,404	1,241,404
b
c
d
e
f	All other program service revenue.
g	Total. Add lines 2a–2f .....		1,241,404

3 Investment income (including dividends, interest, and othersimilar amounts) ......			2,213,945	2,110,125	103,820
4 Income from investment of tax-exempt bond proceeds
5 Royalties...........
			(i) Real	(ii) Personal
6a	Gross rents	6a
b	Less: rental expenses	6b
c	Rental income or (loss)	6c
d	Net rental income or (loss).......
			(i) Securities	(ii) Other
7a	Gross amount from sales of assets other than inventory	7a	20,356,778
b	Less: cost or other basis and sales expenses	7b	21,743,322
c	Gain or (loss)	7c	-1,386,544
d	Net gain or (loss).........			-1,386,544		-1,386,544
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
11a	Unrealized Gain or Los		525920	300,394	300,394
b
c
d	All other revenue ....
e	Total. Add lines 11a–11d ......			300,394
12	Total revenue. See instructions.....			2,369,199	3,651,923	-1,282,724	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 .......	4,302,672
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 ......	7,000
b	Legal .........
c	Accounting ...........
d	Lobbying ...........
e	Professional fundraising services. See Part IV, line 17
f	Investment management fees ......	58,206
g	Other (If line 11g amount exceeds 10% of line 25, column (A) amount, list line 11g expenses on Schedule O)	47,173
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	4,415,051
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 .........		3,307,632	2	805,360
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 .....		49,731,644	12	50,188,064
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)...		53,039,276	16	50,993,424

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	53,039,276	31	50,993,424
32	Total net assets or fund balances ...........	53,039,276	32	50,993,424
33	Total liabilities and net assets/fund balances ........	53,039,276	33	50,993,424