Civic Intelligence

Eversource Retirees Benefit Trust

990 • Fiscal year 2019 • EIN 04-3220614

Jan 01, 2019 to Dec 31, 2019 • Filed on Nov 13, 2020

Organization ProfileN/A

View Organization Page

C/O The Bnym PO Box 535007Pittsburgh, PA 15253-5007

(412) 236-7175

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

46th percentile

0.01x

Higher debt load relative to assets than 46% of similar nonprofits.

2019 filings • 501(c)9 • $250M-$1B nonprofits • Source year 2019

Liabilities / Revenue

68th percentile

0.14x

Higher debt load relative to revenue than 68% of similar nonprofits.

2019 filings • 501(c)9 • $250M-$1B nonprofits • Source year 2019

Net Margin

92nd percentile

63%

Higher net margin than 92% of similar nonprofits.

2019 filings • 501(c)9 • $250M-$1B nonprofits • Source year 2019

Top Officer Pay

65th percentile

$191,139

Higher top officer pay than 65% of similar nonprofits.

Top officer pay equals 0.3% of source-year revenue.

2019 filings • 501(c)9 • $250M-$1B nonprofits • Source year 2019

Asset Growth

56th percentile

13%

Faster asset growth than 56% of similar nonprofits.

2019 filings • 501(c)9 • $250M-$1B nonprofits • Annualized from 2018 to 2019

Revenue Growth

96th percentile

268%

Faster revenue growth than 96% of similar nonprofits.

2019 filings • 501(c)9 • $250M-$1B nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets46th percentile

Assets

Up

$630,103,001

Up $73,976,768 (+13%) from 2018

Net Assets

Up

$621,123,462

Up $66,747,507 (+12%) from 2018

Liabilities

Up

$8,979,539

Up $7,229,261 (+413%) from 2018

Revenue And Expenses
Liabilities / Revenue68th percentileNet Margin92nd percentile

Revenue

Up

$66,507,876

Up $48,458,135 (+268%) from 2018

Expenses

Up

$24,755,999

Up $701,336 (+2.9%) from 2018

Net Income

Up

$41,751,877

Up $47,756,799 (+795%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth56th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$1.0B$500M$0Assets 2010: $230,494,484Liabilities 2010: $0Net Assets 2010: $230,494,4842010Assets 2011: $239,631,855Liabilities 2011: $138,502Net Assets 2011: $239,493,3532011Assets 2012: $247,244,696Liabilities 2012: $285,706Net Assets 2012: $246,958,9902012Assets 2013: $548,445,893Liabilities 2013: $9,496Net Assets 2013: $548,436,3972013Assets 2014: $571,773,960Liabilities 2014: $18,556Net Assets 2014: $571,755,4042014Assets 2015: $537,060,372Liabilities 2015: $801,365Net Assets 2015: $536,259,0072015Assets 2016: $546,154,668Liabilities 2016: $1,570,473Net Assets 2016: $544,584,1952016Assets 2017: $603,366,164Liabilities 2017: $1,138,657Net Assets 2017: $602,227,5072017Assets 2018: $556,126,233Liabilities 2018: $1,750,278Net Assets 2018: $554,375,9552018Assets 2019: $630,103,001Liabilities 2019: $8,979,539Net Assets 2019: $621,123,4622019Assets 2020: $690,597,386Liabilities 2020: $6,863,313Net Assets 2020: $683,734,0732020Assets 2021: $787,144,932Liabilities 2021: $8,099,543Net Assets 2021: $779,045,3892021Assets 2022: $688,810,506Liabilities 2022: $23,564,031Net Assets 2022: $665,246,4752022Assets 2023: $747,078,278Liabilities 2023: $21,750,662Net Assets 2023: $725,327,6162023Assets 2024: $840,850,558Liabilities 2024: $71,354,577Net Assets 2024: $769,495,9812024

Highlighted filing

2019

Assets$630,103,001
Liabilities$8,979,539
Net Assets$621,123,462
Open 2019 Filing

Operations Trend

Revenue Growth96th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$150M$100M$50M$0-$50MExpenses 2010: $30,528,4332010Expenses 2011: $31,636,8492011Expenses 2012: $31,506,5122012Revenue 2013: $65,272,339Expenses 2013: $42,780,542Net Income 2013: $22,491,7972013Revenue 2014: $49,246,603Expenses 2014: $41,766,810Net Income 2014: $7,479,7932014Revenue 2015: $48,656,878Expenses 2015: $43,916,719Net Income 2015: $4,740,1592015Revenue 2016: $31,036,137Expenses 2016: $41,637,975Net Income 2016: -$10,601,8382016Revenue 2017: $32,871,959Expenses 2017: $25,675,041Net Income 2017: $7,196,9182017Revenue 2018: $18,049,741Expenses 2018: $24,054,663Net Income 2018: -$6,004,9222018Revenue 2019: $66,507,876Expenses 2019: $24,755,999Net Income 2019: $41,751,8772019Revenue 2020: $38,179,364Expenses 2020: $25,567,952Net Income 2020: $12,611,4122020Revenue 2021: $141,470,416Expenses 2021: $27,070,277Net Income 2021: $114,400,1392021Revenue 2022: $21,027,814Expenses 2022: $28,084,737Net Income 2022: -$7,056,9232022Revenue 2023: $45,005,948Expenses 2023: $28,138,894Net Income 2023: $16,867,0542023Revenue 2024: $76,653,187Expenses 2024: $27,953,818Net Income 2024: $48,699,3692024

Highlighted filing

2019

Revenue$66,507,876
Expenses$24,755,999
Net Income$41,751,877
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Nov 13, 2020
Return Version
2019v5.1
Gross Receipts
$72,222,669
Mission and Program Overview

Mission

Distribution of payments to carriers and similar organizations for provision of benefits to organizations and individuals providing welfare benefits to participants.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$554,375,955$621,123,462▲ $66,747,507
Investments Other Securities$423,178,362$447,483,186▲ $24,304,824
Investments in Publicly Traded Securities$70,124,996$99,510,118▲ $29,385,122
Savings and Temporary Cash Investments$49,015,620$66,785,725▲ $17,770,105
Accounts Receivable$9,481,369$13,498,276▲ $4,016,907
Cash and Non-Interest-Bearing Accounts$4,325,886$2,825,696▼ $1,500,190
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Program Related$0$0→ $0
Land, Buildings, and Equipment, Net$0$0→ $0
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$556,126,233$630,103,001▲ $73,976,768
Other Assets Total$0$0→ $0
Liabilities
Accounts Payable and Accrued Expenses$438,935$7,852,553▲ $7,413,618
Other Liabilities$1,311,343$1,126,986▼ $184,357
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$1,750,278$8,979,539▲ $7,229,261
Net Assets / Fund Balance
Total Net Assets Fund Balance$554,375,955$621,123,462▲ $66,747,507
Total Liabilities and Net Assets / Fund Balance$556,126,233$630,103,001▲ $73,976,768

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$1,137,747--
Compensation and Service Providers
Top Officer Pay65th percentile

Employees

NameTitleBaseTotal
The Bank of New York MTrustee (see Schedule O)$191,139$191,139

Highest Paid Contractors

ContractorServicesLocationCompensation
Loomis SaylesInv. Management FeesPO Box 219594, Kansas City, MO 64121-9594$250,828
Earnest PartnersInvestment Mgmt1180 PEACHTREE ST NE STE 2300, Atlanta, GA 30309$246,029
American CenturyInv. Managemetn Fees430 W 7th St, Kansas City, MO 64105-1407$159,423
Harvest TacticalInv. Management Fees420 Lexington Ave Suite 2620, New York, NY 10170$105,474
Acadian Em Small CapInvestment Mgmt260 FRANKLIN STREET, Boston, MA 02110$103,242
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$651,780
Investment Income
$62,987,762
Other Revenue
$2,868,334
Change in Net Assets
$41,751,877
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,726,217
Salaries, Compensation, and Employee Benefits$191,139
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Benefits to Members---$22,838,643
Fees for Service Investment Mgmnt Fees---$1,002,962
Interest---$350,659
Current Officers, Directors, Trustees, and Key Employees---$191,139
Fees for Services Management---$98,676
Fees for Services Accounting---$89,880
Fees for Services Legal---$9,677
All Other Expenses---$6,890
Other Expenses---$-3
Total Functional Expenses$0$0$0$24,755,999
International Activity

International Summary

Spending
$79,957,077

International Compliance

Activity in boycott countries
No
Foreign corporation ownership
Yes
Foreign partnership interest
Yes
Interest in foreign trust
No
Passive foreign investment company interest
Yes
Transfers to foreign corporations
Yes

International Activities

RegionActivityServicesOfficesEmployeesSpending
Central America and the CaribbeanInvestments---$74,106,547
Europe (Including Iceland and Greenland)Investments---$5,850,530
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Written Options$1,126,970
Foreign Currency Fluctuations$16
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Lines 1A & B

“The bank of new york mellon serves as sole directed trustee of this trust. The plan sponsor is eversource energy services. The trust is administered by the investment committee of the plan sponsor in accordance with the terms of the trust agreement. As such the veba does not have a governing body that exercises discretion.”

Form 990, Part VI, Sections A & B, Lines 8, 12-15

“These questions are not applicable to this trust. Additionally, it does not have any employees, therefore, no processes related to employee compensation are in place.”

Form 990, Part VI, Section B, Line 11B

“A complete electronic copy of the organization's form 990 was provided to the trustee for review prior to filing with the irs.”

Form 990, Part VI, Section C, Line 19

“As a 501(c)(9) organization the trust is not required to make the documents referenced in question 19 available to the general public.”

Form 990, Part VII, Section A, Line 1A, Column (B)

“Average hours per week devoted to position: as trustee, the bank of new york mellon provides administrative services such as acting as investment manager for eversource retirees benefit trust. These services require numerous individual bank employees' involvement in the activities of the organization and thus cannot be quantified on an hourly basis. Therefore, the trustee fees are not based upon an hourly basis, but are calculated based upon factors such as the market value of the account and in accordance with the bank of new york mellon's agreement with eversource energy services. Form 990, part xii, line 1 modified cash basis”

Filing and Contact Details

Filer

Filer Name
Eversource Retirees Benefit Trust
EIN
04-3220614
In Care Of
% THE BANK OF NEW YORK MELLON
Phone
4122367175
Address
C/O THE BNYM PO BOX 535007, PITTSBURGH, PA 15253-5007

Signing Officer

Name
Brent Heintzelman
Title
VP, Bnym, as Trustee
Phone
4122367175
Signed
2020-11-13

Organization Details

Principal Officer
The Bank of New York Mellon
Formed
1993
Legal Domicile
Ma
Voting Board Members
1
Independent Board Members
0
Employees
0
Volunteers
0

Preparer

Firm
Ernst & Young US Llp
Address
2100 ONE PPG PLACE, PITTSBURGH, PA 15222
Preparer
Janice Martin
Phone
4126447800
Raw XML AppendixShowing 400 of 459 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/OtherExpensesGrp/Desc1COMMISSION FUTURE CONTRACTS
IRS990/OtherExpensesGrp/Desc2TAXES WITHHELD FROM LP DIST
IRS990/OtherExpensesGrp/Desc3MISCELLANEOUS EXPENSES
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IRS990/OtherExpensesGrp/TotalAmt112721
IRS990/OtherExpensesGrp/TotalAmt238624
IRS990/OtherExpensesGrp/TotalAmt3-3
IRS990/OtherLiabilitiesGrp/BOYAmt01311343
IRS990/OtherLiabilitiesGrp/EOYAmt01126986
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IRS990/OtherRevenueMiscGrp/Desc0PARTNERSHIP INCOME
IRS990/OtherRevenueMiscGrp/Desc1AMORTIZATION
IRS990/OtherRevenueMiscGrp/Desc2CONSENT FEE INCOME
IRS990/OtherRevenueMiscGrp/ExclusionAmt01752293
IRS990/OtherRevenueMiscGrp/ExclusionAmt1539732
IRS990/OtherRevenueMiscGrp/ExclusionAmt22755
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt02318447
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt1539732
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt22755
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt0566154
IRS990/OtherRevenueTotalAmt02868334
IRS990/OtherSalariesAndWagesGrp/TotalAmt00
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt00
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
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IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt00
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0THE BANK OF NEW YORK MELLON
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0525100
IRS990/ProgramServiceRevenueGrp/BusinessCd1525100
IRS990/ProgramServiceRevenueGrp/Desc0EMPLOYER CONTRIBUTIONS
IRS990/ProgramServiceRevenueGrp/Desc1EMPLOYEE CONTRIBUTIONS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0129638
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1522142
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0129638
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1522142
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYBenefitsPaidToMembersAmt022360391
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt011910827
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt01548832
IRS990/PYOtherRevenueAmt04133121
IRS990/PYProgramServiceRevenueAmt02005793
IRS990/PYRevenuesLessExpensesAmt0-6004922
IRS990/PYSalariesCompEmpBnftPaidAmt0145440
IRS990/PYTotalExpensesAmt024054663
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt018049741
IRS990/RcvblFromDisqualifiedPrsnGrp/BOYAmt00
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt041751877
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd0true
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0554375955
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0621123462
IRS990/SavingsAndTempCashInvstGrp/BOYAmt049015620
IRS990/SavingsAndTempCashInvstGrp/EOYAmt066785725
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/FederalIncomeTaxLiabilityAmt00
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01126970
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt116
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0WRITTEN OPTIONS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1FOREIGN CURRENCY FLUCTUATIONS
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt0240190852
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt1110311392
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt274686265
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt38828109
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt412328821
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt51137747
IRS990ScheduleD/OtherSecuritiesGrp/Desc0EQUITY
IRS990ScheduleD/OtherSecuritiesGrp/Desc1PRIVATE EQUITY
IRS990ScheduleD/OtherSecuritiesGrp/Desc2ALTERNATIVE INVESTMENTS
IRS990ScheduleD/OtherSecuritiesGrp/Desc3REAL ESTATE
IRS990ScheduleD/OtherSecuritiesGrp/Desc4NATURAL RESOURCES
IRS990ScheduleD/OtherSecuritiesGrp/Desc5FUTURES CONTRACTS
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd1F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd2F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd3F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd4F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd5F
IRS990ScheduleD/TotalBookValueSecuritiesAmt0447483186
IRS990ScheduleD/TotalLiabilityAmt01126986
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt074106547
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt15850530
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt0Central America and the Caribbean
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt1Europe (Including Iceland and Greenland)
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt0Investments
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt1Investments
IRS990ScheduleF/BoycottCountriesInd0false
IRS990ScheduleF/ForeignCorpOwnershipInd0true
IRS990ScheduleF/ForeignPartnershipInd0true
IRS990ScheduleF/InterestInForeignTrustInd0false
IRS990ScheduleF/PassiveForeignInvestmestCoInd0true
IRS990ScheduleF/SubtotalSpentAmt079957077
IRS990ScheduleF/TotalSpentAmt079957077
IRS990ScheduleF/TransferToForeignCorpInd0true
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE BANK OF NEW YORK MELLON SERVES AS SOLE DIRECTED TRUSTEE OF THIS TRUST. THE PLAN SPONSOR IS EVERSOURCE ENERGY SERVICES. THE TRUST IS ADMINISTERED BY THE INVESTMENT COMMITTEE OF THE PLAN SPONSOR IN ACCORDANCE WITH THE TERMS OF THE TRUST AGREEMENT. AS SUCH THE VEBA DOES NOT HAVE A GOVERNING BODY THAT EXERCISES DISCRETION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THESE QUESTIONS ARE NOT APPLICABLE TO THIS TRUST. ADDITIONALLY, IT DOES NOT HAVE ANY EMPLOYEES, THEREFORE, NO PROCESSES RELATED TO EMPLOYEE COMPENSATION ARE IN PLACE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2A COMPLETE ELECTRONIC COPY OF THE ORGANIZATION'S FORM 990 WAS PROVIDED TO THE TRUSTEE FOR REVIEW PRIOR TO FILING WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3AS A 501(C)(9) ORGANIZATION THE TRUST IS NOT REQUIRED TO MAKE THE DOCUMENTS REFERENCED IN QUESTION 19 AVAILABLE TO THE GENERAL PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4AVERAGE HOURS PER WEEK DEVOTED TO POSITION: AS TRUSTEE, THE BANK OF NEW YORK MELLON PROVIDES ADMINISTRATIVE SERVICES SUCH AS ACTING AS INVESTMENT MANAGER FOR EVERSOURCE RETIREES BENEFIT TRUST. THESE SERVICES REQUIRE NUMEROUS INDIVIDUAL BANK EMPLOYEES' INVOLVEMENT IN THE ACTIVITIES OF THE ORGANIZATION AND THUS CANNOT BE QUANTIFIED ON AN HOURLY BASIS. THEREFORE, THE TRUSTEE FEES ARE NOT BASED UPON AN HOURLY BASIS, BUT ARE CALCULATED BASED UPON FACTORS SUCH AS THE MARKET VALUE OF THE ACCOUNT AND IN ACCORDANCE WITH THE BANK OF NEW YORK MELLON'S AGREEMENT WITH EVERSOURCE ENERGY SERVICES. FORM 990, PART XII, LINE 1 MODIFIED CASH BASIS
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINES 1A & B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTIONS A & B, LINES 8, 12-15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VII, SECTION A, LINE 1A, COLUMN (B)
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingEntityName/BusinessNameLine1Txt0NA
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EIN0060989432
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt0C CORP
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd0CT
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt0ENERGY SERVIC
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt0EVERSOURCE ENERGY SERVICES
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/AddressLine1Txt0ONE CORPORATE CENTER FLOOR 11
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/CityNm0HARTFORD
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/StateAbbreviationCd0CT
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/ZIPCd0061033220
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0false
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0false
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0false
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0false
IRS990ScheduleR/TransferFromOtherOrgInd0true
IRS990ScheduleR/TransferToOtherOrgInd0false
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondLiabilitiesGrp/BOYAmt00
IRS990/TaxExemptBondLiabilitiesGrp/EOYAmt00
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0556126233
IRS990/TotalAssetsEOYAmt0630103001
IRS990/TotalAssetsGrp/BOYAmt0556126233
IRS990/TotalAssetsGrp/EOYAmt0630103001
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt024755999
IRS990/TotalGrossUBIAmt0566154
IRS990/TotalLiabilitiesBOYAmt01750278
IRS990/TotalLiabilitiesEOYAmt08979539
IRS990/TotalLiabilitiesGrp/BOYAmt01750278
IRS990/TotalLiabilitiesGrp/EOYAmt08979539

Document Assets

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$630,103,001
Liabilities
$8,979,539
Net assets
$621,123,462
Revenue
$66,507,876
Expenses
$24,755,999
Net income
$41,751,877
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$841$71.4$769$76.7$28.0$48.7
2023Detailed filing. Detailed filing data is available for this year.$747$21.8$725$45.0$28.1$16.9
2022Detailed filing. Detailed filing data is available for this year.$689$23.6$665$21.0$28.1$7.06
2021Detailed filing. Detailed filing data is available for this year.$787$8.10$779$141$27.1$114
2020Detailed filing. Detailed filing data is available for this year.$691$6.86$684$38.2$25.6$12.6
2019Detailed filing. Detailed filing data is available for this year.$630$8.98$621$66.5$24.8$41.8
2018Detailed filing. Detailed filing data is available for this year.$556$1.75$554$18.0$24.1$6.00
2017Detailed filing. Detailed filing data is available for this year.$603$1.14$602$32.9$25.7$7.20
2016Detailed filing. Detailed filing data is available for this year.$546$1.57$545$31.0$41.6$10.6
2015Summary only. Only limited summary data is available for this year.$537$0.80$536$48.7$43.9$4.74
2014Summary only. Only limited summary data is available for this year.$572$0.02$572$49.2$41.8$7.48
2013Summary only. Only limited summary data is available for this year.$548$0.01$548$65.3$42.8$22.5
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$247$0.29$247$31.5
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$240$0.14$239$31.6
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$230$0.00$230$30.5