Civic Intelligence

Eversource Retirees Benefit Trust

990 • Fiscal year 2021 • EIN 04-3220614

Jan 01, 2021 to Dec 31, 2021 • Filed on Nov 14, 2022

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

47th percentile

0.01x

Higher debt load relative to assets than 47% of similar nonprofits.

2021 filings • 501(c)9 • $250M-$1B nonprofits • Source year 2021

Liabilities / Revenue

52nd percentile

0.06x

Higher debt load relative to revenue than 52% of similar nonprofits.

2021 filings • 501(c)9 • $250M-$1B nonprofits • Source year 2021

Net Margin

96th percentile

81%

Higher net margin than 96% of similar nonprofits.

2021 filings • 501(c)9 • $250M-$1B nonprofits • Source year 2021

Top Officer Pay

83rd percentile

$355,984

Higher top officer pay than 83% of similar nonprofits.

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

2021 filings • 501(c)9 • $250M-$1B nonprofits • Source year 2021

Asset Growth

72nd percentile

14%

Faster asset growth than 72% of similar nonprofits.

2021 filings • 501(c)9 • $250M-$1B nonprofits • Annualized from 2020 to 2021

Revenue Growth

97th percentile

271%

Faster revenue growth than 97% of similar nonprofits.

2021 filings • 501(c)9 • $250M-$1B nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets47th percentile

Assets

Up

$787,144,932

Up $96,547,546 (+14%) from 2020

Net Assets

Up

$779,045,389

Up $95,311,316 (+14%) from 2020

Liabilities

Up

$8,099,543

Up $1,236,230 (+18%) from 2020

Revenue And Expenses
Liabilities / Revenue52nd percentileNet Margin96th percentile

Revenue

Up

$141,470,416

Up $103,291,052 (+271%) from 2020

Expenses

Up

$27,070,277

Up $1,502,325 (+5.9%) from 2020

Net Income

Up

$114,400,139

Up $101,788,727 (+807%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth72nd 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

2021

Assets$787,144,932
Liabilities$8,099,543
Net Assets$779,045,389
Open 2021 Filing

Operations Trend

Revenue Growth97th 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

2021

Revenue$141,470,416
Expenses$27,070,277
Net Income$114,400,139
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Nov 14, 2022
Return Version
2021v4.2
Gross Receipts
$141,470,416
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$683,734,073$779,045,389▲ $95,311,316
Investments Other Securities$480,780,552$522,909,955▲ $42,129,403
Investments in Publicly Traded Securities$100,644,051$116,811,060▲ $16,167,009
Savings and Temporary Cash Investments$72,865,681$116,187,481▲ $43,321,800
Cash and Non-Interest-Bearing Accounts$26,007,152$26,397,089▲ $389,937
Accounts Receivable$10,299,950$4,839,347▼ $5,460,603
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
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$690,597,386$787,144,932▲ $96,547,546
Other Assets Total$0$0→ $0
Liabilities
Accounts Payable and Accrued Expenses$5,487,270$4,210,025▼ $1,277,245
Other Liabilities$1,376,043$3,889,518▲ $2,513,475
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$6,863,313$8,099,543▲ $1,236,230
Net Assets / Fund Balance
Total Net Assets Fund Balance$683,734,073$779,045,389▲ $95,311,316
Total Liabilities and Net Assets / Fund Balance$690,597,386$787,144,932▲ $96,547,546

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$1,541,735--
Compensation and Service Providers
Top Officer Pay83rd percentile

Employees

NameTitleBaseTotal
The Bank of New York MellonTrustee (see Schedule O)$355,984$355,984

Highest Paid Contractors

ContractorServicesLocationCompensation
Loomis SaylesInvestment MgmtPO Box 219594, Kansas City, MO 64121-9594$392,907
Harvest TacticalInvestment Mgmt420 Lexington Ave Suite 2620, New York, NY 10170$294,461
Earnest PartnersInvestment Mgmt1180 PEACHTREE ST NE STE 2300, Atlanta, GA 30309$283,334
American CenturyInvestment Mgmt430 W 7th St, Kansas City, MO 64105-1407$274,126
Harvest Lsr PlusInvestment Mgmt420 LEXINGTON AVE SUITE 2620, New York, NY 10170$148,882
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$496,365
Investment Income
$138,631,292
Other Revenue
$2,342,759
Change in Net Assets
$114,400,139
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,043,404
Salaries, Compensation, and Employee Benefits$355,984
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Benefits to Members---$24,670,889
Fees for Service Investment Mgmnt Fees---$1,618,449
Current Officers, Directors, Trustees, and Key Employees---$355,984
Fees for Services Management---$97,991
All Other Expenses---$41,827
Other Expenses---$26,400
Fees for Services Accounting---$25,937
Fees for Services Legal---$16,953
Total Functional Expenses$0$0$0$27,070,277
International Activity

International Summary

Offices
0
Employees
0
Spending
$128,170,191

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$120,377,178
Europe (Including Iceland and Greenland)Investments-00$7,793,013
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
Short Sales$2,813,964
Written Options$1,073,380
Foreign Currency Fluctuations$2,174
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
2022-11-14

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 F 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.

Path#Value
IRS990/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt05487270
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt04210025
IRS990/AccountsReceivableGrp/BOYAmt010299950
IRS990/AccountsReceivableGrp/EOYAmt04839347
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0DISTRIBUTION OF PAYMENTS TO CARRIERS AND SIMILAR ORGANIZATIONS FOR PROVISION OF BENEFITS TO ORGANIZATIONS AND INDIVIDUALS PROVIDING WELFARE BENEFITS TO PARTICIPANTS.
IRS990/AdvertisingGrp/TotalAmt00
IRS990/AllOtherExpensesGrp/TotalAmt041827
IRS990/BenefitsToMembersGrp/TotalAmt024670889
IRS990/BooksInCareOfDetail/PersonNm0THE BANK OF NEW YORK MELLON
IRS990/BooksInCareOfDetail/PhoneNum04122367175
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0PO BOX 535007
IRS990/BooksInCareOfDetail/USAddress/CityNm0PITTSBURGH
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0PA
IRS990/BooksInCareOfDetail/USAddress/ZIPCd0152535007
IRS990/BusinessRlnWith35CtrlEntInd0false
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt026007152
IRS990/CashNonInterestBearingGrp/EOYAmt026397089
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CntrctRcvdGreaterThan100KCnt05
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0355984
IRS990/CompDisqualPersonsGrp/TotalAmt00
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0false
IRS990/CompensationProcessOtherInd0false
IRS990/ConferencesMeetingsGrp/TotalAmt00
IRS990/ConflictOfInterestPolicyInd0false
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/ContractorCompensationGrp/CompensationAmt0392907
IRS990/ContractorCompensationGrp/CompensationAmt1294461
IRS990/ContractorCompensationGrp/CompensationAmt2283334
IRS990/ContractorCompensationGrp/CompensationAmt3274126
IRS990/ContractorCompensationGrp/CompensationAmt4148882
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt0PO Box 219594
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt1420 Lexington Ave Suite 2620
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt21180 PEACHTREE ST NE STE 2300
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt3430 W 7th St
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt4420 LEXINGTON AVE SUITE 2620
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm0KANSAS CITY
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm1NEW YORK
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm2ATLANTA
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm3KANSAS CITY
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm4NEW YORK
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd0MO
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd1NY
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd2GA
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd3MO
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd4NY
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd0641219594
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd110170
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd230309
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd3641051407
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd410170
IRS990/ContractorCompensationGrp/ContractorName/PersonNm0LOOMIS SAYLES
IRS990/ContractorCompensationGrp/ContractorName/PersonNm1HARVEST TACTICAL
IRS990/ContractorCompensationGrp/ContractorName/PersonNm2EARNEST PARTNERS
IRS990/ContractorCompensationGrp/ContractorName/PersonNm3AMERICAN CENTURY
IRS990/ContractorCompensationGrp/ContractorName/PersonNm4HARVEST LSR PLUS
IRS990/ContractorCompensationGrp/ServicesDesc0INVESTMENT MGMT
IRS990/ContractorCompensationGrp/ServicesDesc1INVESTMENT MGMT
IRS990/ContractorCompensationGrp/ServicesDesc2INVESTMENT MGMT
IRS990/ContractorCompensationGrp/ServicesDesc3INVESTMENT MGMT
IRS990/ContractorCompensationGrp/ServicesDesc4INVESTMENT MGMT
IRS990/CostOfGoodsSoldAmt00
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt024670889
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt0138631292
IRS990/CYOtherExpensesAmt02043404
IRS990/CYOtherRevenueAmt02342759
IRS990/CYProgramServiceRevenueAmt0496365
IRS990/CYRevenuesLessExpensesAmt0114400139
IRS990/CYSalariesCompEmpBnftPaidAmt0355984
IRS990/CYTotalExpensesAmt027070277
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0141470416
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/TotalAmt00
IRS990/Desc0BENEFITS PAID TO MEMBERS
IRS990/DescribedInSection501c3Ind0false
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0false
IRS990/DonorAdvisedFundInd0false
IRS990/DonorRstrOrQuasiEndowmentsInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt00
IRS990/EscrowAccountLiabilityGrp/BOYAmt00
IRS990/EscrowAccountLiabilityGrp/EOYAmt00
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/TotalAmt025937
IRS990/FeesForServicesLegalGrp/TotalAmt016953
IRS990/FeesForServicesLobbyingGrp/TotalAmt00
IRS990/FeesForServicesManagementGrp/TotalAmt097991
IRS990/FeesForServicesOtherGrp/TotalAmt00
IRS990/FeesForServicesProfFundraising/TotalAmt00
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt01618449
IRS990/ForeignActivitiesInd0true
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignGrantsGrp/TotalAmt00
IRS990/ForeignOfficeInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt00.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt00.0
IRS990/Form990PartVIISectionAGrp/InstitutionalTrusteeInd0X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/PersonNm0THE BANK OF NEW YORK MELLON
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt0355984
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/TitleTxt0TRUSTEE (SEE SCHEDULE O)
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/Form990TFiledInd0true
IRS990/FormationYr01993
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0false
IRS990/FundraisingActivitiesInd0false
IRS990/FundraisingDirectExpensesAmt00
IRS990/FundraisingGrossIncomeAmt00
IRS990/GainOrLossGrp/SecuritiesAmt0131963036
IRS990/GamingActivitiesInd0false
IRS990/GamingDirectExpensesAmt00
IRS990/GamingGrossIncomeAmt00
IRS990/GoverningBodyVotingMembersCnt01
IRS990/GrantsPayableGrp/BOYAmt00
IRS990/GrantsPayableGrp/EOYAmt00
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt00
IRS990/GrantsToDomesticOrgsGrp/TotalAmt00
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt0131963036
IRS990/GrossReceiptsAmt0141470416
IRS990/GrossSalesOfInventoryAmt00
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IncmFromInvestBondProceedsGrp/TotalRevenueColumnAmt00
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt00
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InformationTechnologyGrp/TotalAmt00
IRS990/InsuranceGrp/TotalAmt00
IRS990/IntangibleAssetsGrp/BOYAmt00
IRS990/IntangibleAssetsGrp/EOYAmt00
IRS990/InterestGrp/TotalAmt00
IRS990/InventoriesForSaleOrUseGrp/BOYAmt00
IRS990/InventoriesForSaleOrUseGrp/EOYAmt00
IRS990/InvestmentIncomeGrp/ExclusionAmt06668256
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt06668256
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt0480780552
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt0522909955
IRS990/InvestmentsProgramRelatedGrp/BOYAmt00
IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt0100644051
IRS990/InvestmentsPubTradedSecGrp/EOYAmt0116811060
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipBasisNetGrp/BOYAmt00
IRS990/LandBldgEquipBasisNetGrp/EOYAmt00
IRS990/LegalDomicileStateCd0MA
IRS990/LoanOutstandingInd0false
IRS990/LoansFromOfficersDirectorsGrp/BOYAmt00
IRS990/LoansFromOfficersDirectorsGrp/EOYAmt00
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingOtherInd0X
IRS990/MinutesOfCommitteesInd0false
IRS990/MinutesOfGoverningBodyInd0false
IRS990/MiscellaneousRevenueGrp/ExclusionAmt011340
IRS990/MiscellaneousRevenueGrp/TotalRevenueColumnAmt011340
IRS990/MissionDesc0DISTRIBUTION OF PAYMENTS TO CARRIERS AND SIMILAR ORGANIZATIONS FOR PROVISION OF BENEFITS TO ORGANIZATIONS AND INDIVIDUALS PROVIDING WELFARE BENEFITS TO PARTICIPANTS.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt00
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt00
IRS990/NetAssetsOrFundBalancesBOYAmt0683734073
IRS990/NetAssetsOrFundBalancesEOYAmt0779045389
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0131963036
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetUnrelatedBusTxblIncmAmt01692137
IRS990/NetUnrlzdGainsLossesInvstAmt0-19088823
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/TotalAmt00
IRS990/OfficeExpensesGrp/TotalAmt00
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt00
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0INTEREST EXPENSE
IRS990/OtherExpensesGrp/Desc1UBTI TAX EXPENSE
IRS990/OtherExpensesGrp/Desc2COMMISSION ON FUT CONTRACTS
IRS990/OtherExpensesGrp/Desc3OTHER
IRS990/OtherExpensesGrp/TotalAmt0109315
IRS990/OtherExpensesGrp/TotalAmt177225
IRS990/OtherExpensesGrp/TotalAmt229307
IRS990/OtherExpensesGrp/TotalAmt326400
IRS990/OtherLiabilitiesGrp/BOYAmt01376043
IRS990/OtherLiabilitiesGrp/EOYAmt03889518
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/BusinessCd1900099
IRS990/OtherRevenueMiscGrp/BusinessCd2900099
IRS990/OtherRevenueMiscGrp/Desc0PARTNERSHIP INCOME
IRS990/OtherRevenueMiscGrp/Desc1AMORTIZATION
IRS990/OtherRevenueMiscGrp/Desc2CONSENT FEE INCOME
IRS990/OtherRevenueMiscGrp/ExclusionAmt0400652
IRS990/OtherRevenueMiscGrp/ExclusionAmt132402
IRS990/OtherRevenueMiscGrp/ExclusionAmt222110
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt02276907
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt132402
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt222110
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt01876255
IRS990/OtherRevenueTotalAmt02342759
IRS990/OtherSalariesAndWagesGrp/TotalAmt00
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt00
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayrollTaxesGrp/TotalAmt00
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/Desc0EMPLOYEE CONTRIBUTIONS
IRS990/ProgramServiceRevenueGrp/Desc1EMPLOYER CONTRIBUTIONS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0489284
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt17081
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0489284
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt17081
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYBenefitsPaidToMembersAmt023859650
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt036801755
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt01545639
IRS990/PYOtherRevenueAmt0888190
IRS990/PYProgramServiceRevenueAmt0489419
IRS990/PYRevenuesLessExpensesAmt012611412
IRS990/PYSalariesCompEmpBnftPaidAmt0162663
IRS990/PYTotalExpensesAmt025567952
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt038179364
IRS990/RcvblFromDisqualifiedPrsnGrp/BOYAmt00
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0114400139
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/BOYAmt0683734073
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0779045389
IRS990/SavingsAndTempCashInvstGrp/BOYAmt072865681
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0116187481
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/FederalIncomeTaxLiabilityAmt00
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt02813964
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt11073380
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt22174
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SHORT SALES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1WRITTEN OPTIONS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2FOREIGN CURRENCY FLUCTUATIONS
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt0289410128
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt1123245346
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt289170854
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt311655268
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt47886624
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt51541735
IRS990ScheduleD/OtherSecuritiesGrp/Desc0EQUITY
IRS990ScheduleD/OtherSecuritiesGrp/Desc1PRIVATE EQUITY
IRS990ScheduleD/OtherSecuritiesGrp/Desc2ALTERNATIVE INVESTMENTS
IRS990ScheduleD/OtherSecuritiesGrp/Desc3NATURAL RESOURCES
IRS990ScheduleD/OtherSecuritiesGrp/Desc4REAL STATE
IRS990ScheduleD/OtherSecuritiesGrp/Desc5FUTURE CONTRACTS
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd1F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd2F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd3F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd4F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd5F
IRS990ScheduleD/TotalBookValueSecuritiesAmt0522909955
IRS990ScheduleD/TotalLiabilityAmt03889518
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/EmployeeCnt00
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/EmployeeCnt10
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/OfficesCnt00
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/OfficesCnt10
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt0120377178
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt17793013
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/SubtotalSpentAmt0128170191
IRS990ScheduleF/TotalEmployeeCnt00
IRS990ScheduleF/TotalOfficeCnt00
IRS990ScheduleF/TotalSpentAmt0128170191
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/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/TotalAssetsBOYAmt0690597386
IRS990/TotalAssetsEOYAmt0787144932
IRS990/TotalAssetsGrp/BOYAmt0690597386
IRS990/TotalAssetsGrp/EOYAmt0787144932
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt027070277

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$787,144,932
Liabilities
$8,099,543
Net assets
$779,045,389
Revenue
$141,470,416
Expenses
$27,070,277
Net income
$114,400,139
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