Civic Intelligence

Eversource Retirees Benefit Trust

990 • Fiscal year 2020 • EIN 04-3220614

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 14, 2021

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

43rd percentile

0.01x

Higher debt load relative to assets than 43% of similar nonprofits.

2020 filings • 501(c)9 • $250M-$1B nonprofits • Source year 2020

Liabilities / Revenue

73rd percentile

0.18x

Higher debt load relative to revenue than 73% of similar nonprofits.

2020 filings • 501(c)9 • $250M-$1B nonprofits • Source year 2020

Net Margin

86th percentile

33%

Higher net margin than 86% of similar nonprofits.

2020 filings • 501(c)9 • $250M-$1B nonprofits • Source year 2020

Top Officer Pay

66th percentile

$162,663

Higher top officer pay than 66% of similar nonprofits.

Top officer pay equals 0.4% of source-year revenue.

2020 filings • 501(c)9 • $250M-$1B nonprofits • Source year 2020

Asset Growth

57th percentile

9.6%

Faster asset growth than 57% of similar nonprofits.

2020 filings • 501(c)9 • $250M-$1B nonprofits • Annualized from 2019 to 2020

Revenue Growth

5th percentile

-43%

Faster revenue growth than 5% of similar nonprofits.

2020 filings • 501(c)9 • $250M-$1B nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets43rd percentile

Assets

Up

$690,597,386

Up $60,494,385 (+9.6%) from 2019

Net Assets

Up

$683,734,073

Up $62,610,611 (+10%) from 2019

Liabilities

Down

$6,863,313

Down $2,116,226 (-24%) from 2019

Revenue And Expenses
Liabilities / Revenue73rd percentileNet Margin86th percentile

Revenue

Down

$38,179,364

Down $28,328,512 (-43%) from 2019

Expenses

Up

$25,567,952

Up $811,953 (+3.3%) from 2019

Net Income

Down

$12,611,412

Down $29,140,465 (-70%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth57th 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

2020

Assets$690,597,386
Liabilities$6,863,313
Net Assets$683,734,073
Open 2020 Filing

Operations Trend

Revenue Growth5th 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

2020

Revenue$38,179,364
Expenses$25,567,952
Net Income$12,611,412
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 14, 2021
Return Version
2020v4.1
Gross Receipts
$38,307,286
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$621,123,462$683,734,073▲ $62,610,611
Investments Other Securities$447,483,186$480,780,552▲ $33,297,366
Investments in Publicly Traded Securities$99,510,118$100,644,051▲ $1,133,933
Savings and Temporary Cash Investments$66,785,725$72,865,681▲ $6,079,956
Cash and Non-Interest-Bearing Accounts$2,825,696$26,007,152▲ $23,181,456
Accounts Receivable$13,498,276$10,299,950▼ $3,198,326
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$630,103,001$690,597,386▲ $60,494,385
Other Assets Total$0$0→ $0
Liabilities
Accounts Payable and Accrued Expenses$7,852,553$5,487,270▼ $2,365,283
Other Liabilities$1,126,986$1,376,043▲ $249,057
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$8,979,539$6,863,313▼ $2,116,226
Net Assets / Fund Balance
Total Net Assets Fund Balance$621,123,462$683,734,073▲ $62,610,611
Total Liabilities and Net Assets / Fund Balance$630,103,001$690,597,386▲ $60,494,385

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$2,815,832--
Compensation and Service Providers
Top Officer Pay66th percentile

Employees

NameTitleBaseTotal
The Bank of New York MellonTrustee (see Schedule O)$162,663$162,663

Highest Paid Contractors

ContractorServicesLocationCompensation
Loomis SaylesInvestment MgmtPO Box 219594, Kansas City, MO 64121-9594$296,611
Harvest TacticalInvestment Mgmt420 Lexington Ave Suite 2620, New York, NY 10170$215,380
Earnest PartnersInvestment Mgmt1180 PEACHTREE ST NE STE 2300, Atlanta, GA 30309$215,280
American CenturyInvestment Mgmt430 W 7th St, Kansas City, MO 64105-1407$201,811
Acadian Em Small CapInvestment Mgmt260 FRANKLIN STREET, Boston, MA 02110$102,167
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$489,419
Investment Income
$36,801,755
Other Revenue
$888,190
Change in Net Assets
$12,611,412
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,545,639
Salaries, Compensation, and Employee Benefits$162,663
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Benefits to Members---$23,859,650
Fees for Service Investment Mgmnt Fees---$1,163,477
Current Officers, Directors, Trustees, and Key Employees---$162,663
Fees for Services Management---$102,066
All Other Expenses---$26,428
Fees for Services Accounting---$24,534
Fees for Services Legal---$12,435
Other Expenses---$4,576
Interest---$1,677
Total Functional Expenses$0$0$0$25,567,952
International Activity

International Summary

Offices
0
Employees
0
Spending
$82,179,974

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-00$76,791,915
Europe (Including Iceland and Greenland)Investments-00$5,388,059
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$1,376,953
Foreign Currency Fluctuations$-910
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.”

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
2021-11-14

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
Stephanie Lew
Phone
4126447800
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 1

“MODIFIED CASH BASIS”

Raw XML AppendixShowing 400 of 461 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/OtherAssetsTotalGrp/BOYAmt00
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0UBTI TAX EXPENSE
IRS990/OtherExpensesGrp/Desc1COMMISSION FUTURE CONTRACTS
IRS990/OtherExpensesGrp/Desc2TAXES WITHHELD FROM LP DIST
IRS990/OtherExpensesGrp/Desc3ADMINISTRATION FEES
IRS990/OtherExpensesGrp/TotalAmt0141139
IRS990/OtherExpensesGrp/TotalAmt120321
IRS990/OtherExpensesGrp/TotalAmt248986
IRS990/OtherExpensesGrp/TotalAmt34576
IRS990/OtherLiabilitiesGrp/BOYAmt01126986
IRS990/OtherLiabilitiesGrp/EOYAmt01376043
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/BusinessCd1900099
IRS990/OtherRevenueMiscGrp/BusinessCd2900099
IRS990/OtherRevenueMiscGrp/Desc0PARTNERSHIP INCOME
IRS990/OtherRevenueMiscGrp/Desc1AMORTIZATION
IRS990/OtherRevenueMiscGrp/Desc2CONSENT FEE INCOME
IRS990/OtherRevenueMiscGrp/ExclusionAmt0180695
IRS990/OtherRevenueMiscGrp/ExclusionAmt1185945
IRS990/OtherRevenueMiscGrp/ExclusionAmt215230
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0687015
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt1185945
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt215230
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt0506320
IRS990/OtherRevenueTotalAmt0888190
IRS990/OtherSalariesAndWagesGrp/TotalAmt00
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt00
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayrollTaxesGrp/TotalAmt00
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/Desc0EMPLOYEE CONTRIBUTIONS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0489419
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0489419
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYBenefitsPaidToMembersAmt022838643
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt062987762
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt01726217
IRS990/PYOtherRevenueAmt02868334
IRS990/PYProgramServiceRevenueAmt0651780
IRS990/PYRevenuesLessExpensesAmt041751877
IRS990/PYSalariesCompEmpBnftPaidAmt0191139
IRS990/PYTotalExpensesAmt024755999
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt066507876
IRS990/RcvblFromDisqualifiedPrsnGrp/BOYAmt00
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt012611412
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/BOYAmt0621123462
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0683734073
IRS990/SavingsAndTempCashInvstGrp/BOYAmt066785725
IRS990/SavingsAndTempCashInvstGrp/EOYAmt072865681
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/FederalIncomeTaxLiabilityAmt00
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01376953
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1-910
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0WRITTEN OPTIONS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1FOREIGN CURRENCY FLUCTUATIONS
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt0274550387
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt1125655681
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt261768035
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt36741953
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt49248664
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt52815832
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/TotalBookValueSecuritiesAmt0480780552
IRS990ScheduleD/TotalLiabilityAmt01376043
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/EmployeeCnt00
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/EmployeeCnt10
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/OfficesCnt00
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/OfficesCnt10
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt076791915
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt15388059
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/SubtotalEmployeesCnt00
IRS990ScheduleF/SubtotalOfficesCnt00
IRS990ScheduleF/SubtotalSpentAmt082179974
IRS990ScheduleF/TotalEmployeeCnt00
IRS990ScheduleF/TotalOfficeCnt00
IRS990ScheduleF/TotalSpentAmt082179974
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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5MODIFIED 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)
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XII, LINE 1
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingEntityName/BusinessNameLine1Txt0NA
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EIN0060989432
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt0C CORP
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd0CT
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt0ENERGY SERVICES
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/TransferFromOtherOrgInd0false
IRS990ScheduleR/TransferToOtherOrgInd0false
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
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IRS990/TaxExemptBondLiabilitiesGrp/EOYAmt00
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0630103001
IRS990/TotalAssetsEOYAmt0690597386
IRS990/TotalAssetsGrp/BOYAmt0630103001
IRS990/TotalAssetsGrp/EOYAmt0690597386
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt00
IRS990/TotalEmployeeCnt00
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Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$690,597,386
Liabilities
$6,863,313
Net assets
$683,734,073
Revenue
$38,179,364
Expenses
$25,567,952
Net income
$12,611,412
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