Civic Intelligence

Consolidated Edison Master Welfare Benefit Plan Trust

990 • Fiscal year 2016 • EIN 13-3329253

Jan 01, 2016 to Dec 31, 2016 • Filed on Nov 14, 2017

Organization ProfileN/A
1200 Crown Colony Drive 5th FloorQuincy, MA 02169

(617) 664-9564

Siviq Scores

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

Liabilities / Assets

84th percentile

0.42x

Higher debt load relative to assets than 84% of similar nonprofits.

2016 filings • 501(c)9 • $25M-$50M nonprofits • Source year 2016

Liabilities / Revenue

98th percentile

3.77x

Higher debt load relative to revenue than 98% of similar nonprofits.

2016 filings • 501(c)9 • $25M-$50M nonprofits • Source year 2016

Net Margin

90th percentile

36%

Higher net margin than 90% of similar nonprofits.

2016 filings • 501(c)9 • $25M-$50M nonprofits • Source year 2016

Top Officer Pay

55th percentile

$27,639

Higher top officer pay than 55% of similar nonprofits.

Top officer pay equals 0.8% of source-year revenue.

2016 filings • 501(c)9 • $25M-$50M nonprofits • Source year 2016

Asset Growth

62nd percentile

7.8%

Faster asset growth than 62% of similar nonprofits.

2016 filings • 501(c)9 • $25M-$50M nonprofits • Annualized from 2015 to 2016

Revenue Growth

35th percentile

-0.0%

Faster revenue growth than 35% of similar nonprofits.

2016 filings • 501(c)9 • $25M-$50M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets84th percentile

Assets

Up

$29,786,517

Up $2,166,421 (+7.8%) from 2015

Net Assets

Up

$17,355,097

Up $3,127,192 (+22%) from 2015

Liabilities

Down

$12,431,420

Down $960,771 (-7.2%) from 2015

Revenue And Expenses
Liabilities / Revenue98th percentileNet Margin90th percentile

Revenue

Down

$3,294,528

Down $807 (-0.0%) from 2015

Expenses

Down

$2,098,593

Down $443,122 (-17%) from 2015

Net Income

Up

$1,195,935

Up $442,315 (+59%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth62nd percentile

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

$80M$60M$40M$20M$0Assets 2011: $21,035,806Liabilities 2011: $15,751,163Net Assets 2011: $5,284,6432011Assets 2012: $23,210,804Liabilities 2012: $13,546,218Net Assets 2012: $9,664,5862012Assets 2013: $26,824,403Liabilities 2013: $13,450,294Net Assets 2013: $13,374,1092013Assets 2014: $27,777,347Liabilities 2014: $14,621,432Net Assets 2014: $13,155,9152014Assets 2015: $27,620,096Liabilities 2015: $13,392,191Net Assets 2015: $14,227,9052015Assets 2016: $29,786,517Liabilities 2016: $12,431,420Net Assets 2016: $17,355,0972016Assets 2017: $35,481,557Liabilities 2017: $12,187,905Net Assets 2017: $23,293,6522017Assets 2018: $33,340,657Liabilities 2018: $10,483,577Net Assets 2018: $22,857,0802018Assets 2019: $43,013,664Liabilities 2019: $10,030,400Net Assets 2019: $32,983,2642019Assets 2020: $50,826,836Liabilities 2020: $9,081,658Net Assets 2020: $41,745,1782020Assets 2021: $59,224,555Liabilities 2021: $7,428,908Net Assets 2021: $51,795,6472021Assets 2022: $47,478,490Liabilities 2022: $6,425,335Net Assets 2022: $41,053,1552022Assets 2023: $56,504,293Liabilities 2023: $5,617,725Net Assets 2023: $50,886,5682023Assets 2024: $64,208,634Liabilities 2024: $4,928,596Net Assets 2024: $59,280,0382024

Highlighted filing

2016

Assets$29,786,517
Liabilities$12,431,420
Net Assets$17,355,097
Open 2016 Filing

Operations Trend

Revenue Growth35th percentile

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

$15M$10M$5.0M$0Revenue 2011: $3,202,579Expenses 2011: $3,077,616Net Income 2011: $124,9632011Revenue 2012: $5,570,077Expenses 2012: $2,921,813Net Income 2012: $2,648,2642012Revenue 2013: $3,900,060Expenses 2013: $2,989,054Net Income 2013: $911,0062013Revenue 2014: $3,295,249Expenses 2014: $2,740,311Net Income 2014: $554,9382014Revenue 2015: $3,295,335Expenses 2015: $2,541,715Net Income 2015: $753,6202015Revenue 2016: $3,294,528Expenses 2016: $2,098,593Net Income 2016: $1,195,9352016Revenue 2017: $3,514,302Expenses 2017: $1,696,401Net Income 2017: $1,817,9012017Revenue 2018: $3,478,480Expenses 2018: $1,976,791Net Income 2018: $1,501,6892018Revenue 2019: $4,475,536Expenses 2019: $1,702,895Net Income 2019: $2,772,6412019Revenue 2020: $3,389,897Expenses 2020: $1,794,272Net Income 2020: $1,595,6252020Revenue 2021: $14,787,007Expenses 2021: $1,520,740Net Income 2021: $13,266,2672021Revenue 2022: $2,865,675Expenses 2022: $1,455,593Net Income 2022: $1,410,0822022Revenue 2023: $2,733,314Expenses 2023: $1,425,339Net Income 2023: $1,307,9752023Revenue 2024: $4,978,156Expenses 2024: $1,264,537Net Income 2024: $3,713,6192024

Highlighted filing

2016

Revenue$3,294,528
Expenses$2,098,593
Net Income$1,195,935
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Nov 14, 2017
Return Version
2016v3.1
Gross Receipts
$7,587,998
Mission and Program Overview

Mission

To provide disability benefits to eligible participants.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$26,784,600$28,917,662▲ $2,133,062
Cap Stk Tr Prin Current Funds$14,227,905$17,355,097▲ $3,127,192
Savings and Temporary Cash Investments$281,714$364,737▲ $83,023
Cash and Non-Interest-Bearing Accounts$300,001$300,000▼ $1
Accounts Receivable$253,781$204,118▼ $49,663
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
Investments in Publicly Traded Securities$0$0→ $0
Land, Buildings, and Equipment, Net$0$0→ $0
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Rtn Earn Endowment Incm Other Fnds$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$27,620,096$29,786,517▲ $2,166,421
Other Assets Total$0$0→ $0
Liabilities
Other Liabilities$13,278,703$12,334,181▼ $944,522
Accounts Payable and Accrued Expenses$113,488$97,239▼ $16,249
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$13,392,191$12,431,420▼ $960,771
Net Assets / Fund Balance
Total Net Assets Fund Balance$14,227,905$17,355,097▲ $3,127,192
Total Liabilities and Net Assets / Fund Balance$27,620,096$29,786,517▲ $2,166,421

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$46,362--
Compensation and Service Providers
Top Officer Pay55th percentile

Employees

NameTitleBaseTotal
State Street Bank TrustTrustee (See Schedule O)$27,639$27,639
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$2,625,584
Investment Income
$667,804
Other Revenue
$1,140
Change in Net Assets
$1,195,935

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,294,528
Revenue Not Reported on Form 990
$986,735
Total Revenue per Audited Statements
$4,281,263
Total Revenue per Form 990
$3,294,528
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$185,466
Salaries, Compensation, and Employee Benefits$27,639
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Benefits to Members---$1,885,488
Fees for Services Accounting---$43,995
Other Expenses---$42,471
Current Officers, Directors, Trustees, and Key Employees---$27,639
Total Functional Expenses$0$0$0$2,098,593

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,098,593
Total Expenses per Audited Statements$2,098,593
Total Expenses per Form 990$2,098,593
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
Reserve for Disabled Employees$12,334,181
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
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

“State street bank & trust serves as the sole directed trustee of the consolidated edison master welfare benefit plan. The plan sponsor is consolidated edison company of new york, inc. The trust is administered by 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 organization as it is a 501(c)(9) trust (voluntary employee benefits association). Additionally, the organization does not have 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 plan administrator 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, state street bank & trust provides administrative services such as acting as investment manager consolidated edison master welfare benefit plan. 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 fair market value of the account and in accordance with state street bank & trust's agreement with consolidated edison company of new york, inc.”

Filing and Contact Details

Filer

Filer Name
Consolidated Edison Master Welfare Benefit
EIN
13-3329253
In Care Of
% STATE STREET BANK & TRUST
Phone
6176649564
Address
1200 Crown Colony Drive 5th Floor, Quincy, MA 02169

Signing Officer

Name
Allan Adraneda
Title
Asst. Vice President
Signed
2017-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
State Street Bank Trust
Formed
1996
Legal Domicile
Ny
Voting Board Members
1
Independent Board Members
0
Employees
0
Volunteers
0

Preparer

Firm
Ernst & Young US Llp
Address
200 CLARENDON STREET, BOSTON, MA 02116
Preparer
Emily C Seelye
Phone
6172662000
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

“Change in the claim reserve from 2015 to 2016 $944,522”

Financial Statement Notes

Part X, Line 2 - Asc740

“Accounting principles generally accepted in the United States of America require management of the Plan Sponsor to evaluate tax positions taken by the Plan and recognize a tax liability (or asset) if the Plan has taken an uncertain position that more likely than not would not be sustained upon examination by the IRS. The Plan is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress. The management of the Plan Sponsor believes it is no longer subject to income tax examinations for years prior to 2013.”

Raw XML Appendix389 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/BOYAmt0113488
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt097239
IRS990/AccountsReceivableGrp/BOYAmt0253781
IRS990/AccountsReceivableGrp/EOYAmt0204118
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0To provide disability benefits to eligible participants.
IRS990/AdvertisingGrp/TotalAmt00
IRS990/AuditCommitteeInd0false
IRS990/BenefitsToMembersGrp/TotalAmt01885488
IRS990/BooksInCareOfDetail/PersonNm0STATE STREET BANK TRUST
IRS990/BooksInCareOfDetail/PhoneNum06176649564
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt01200 CROWN COLONY DR 5TH FL
IRS990/BooksInCareOfDetail/USAddress/CityNm0Quincy
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MA
IRS990/BooksInCareOfDetail/USAddress/ZIPCd002169
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOfficerEntInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CapStkTrPrinCurrentFundsGrp/BOYAmt014227905
IRS990/CapStkTrPrinCurrentFundsGrp/EOYAmt017355097
IRS990/CashNonInterestBearingGrp/BOYAmt0300001
IRS990/CashNonInterestBearingGrp/EOYAmt0300000
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt027639
IRS990/CompDisqualPersonsGrp/TotalAmt00
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0false
IRS990/CompensationProcessOtherInd0false
IRS990/ConferencesMeetingsGrp/TotalAmt00
IRS990/ConflictOfInterestPolicyInd0false
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CostOfGoodsSoldAmt00
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt01885488
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt0667804
IRS990/CYOtherExpensesAmt0185466
IRS990/CYOtherRevenueAmt01140
IRS990/CYProgramServiceRevenueAmt02625584
IRS990/CYRevenuesLessExpensesAmt01195935
IRS990/CYSalariesCompEmpBnftPaidAmt027639
IRS990/CYTotalExpensesAmt02098593
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt03294528
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DeferredRevenueGrp/BOYAmt00
IRS990/DeferredRevenueGrp/EOYAmt00
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/TotalAmt00
IRS990/Desc0To provide disability benefits to eligible participants.
IRS990/DescribedInSection501c3Ind0false
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0false
IRS990/DonorAdvisedFundInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt00
IRS990/EscrowAccountLiabilityGrp/BOYAmt00
IRS990/EscrowAccountLiabilityGrp/EOYAmt00
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/TotalAmt043995
IRS990/FeesForServicesLegalGrp/TotalAmt00
IRS990/FeesForServicesLobbyingGrp/TotalAmt00
IRS990/FeesForServicesManagementGrp/TotalAmt00
IRS990/FeesForServicesOtherGrp/TotalAmt00
IRS990/FeesForServicesProfFundraising/TotalAmt00
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt00
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignGrantsGrp/TotalAmt00
IRS990/ForeignOfficeInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt00.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt00.0
IRS990/Form990PartVIISectionAGrp/InstitutionalTrusteeInd0X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/PersonNm0State Street Bank Trust
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt027639
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/TitleTxt0Trustee (See Schedule O)
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr01996
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/FundraisingDirectExpensesAmt00
IRS990/FundraisingGrossIncomeAmt00
IRS990/GainOrLossGrp/SecuritiesAmt01982
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/SecuritiesAmt04295452
IRS990/GrossReceiptsAmt07587998
IRS990/GrossSalesOfInventoryAmt00
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0true
IRS990/IncmFromInvestBondProceedsGrp/TotalRevenueColumnAmt00
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt00
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InformationTechnologyGrp/TotalAmt00
IRS990/InsuranceGrp/TotalAmt00
IRS990/IntangibleAssetsGrp/BOYAmt00
IRS990/IntangibleAssetsGrp/EOYAmt00
IRS990/InterestGrp/TotalAmt00
IRS990/InventoriesForSaleOrUseGrp/BOYAmt00
IRS990/InventoriesForSaleOrUseGrp/EOYAmt00
IRS990/InvestmentIncomeGrp/ExclusionAmt0665822
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0665822
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt026784600
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt028917662
IRS990/InvestmentsProgramRelatedGrp/BOYAmt00
IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt00
IRS990/InvestmentsPubTradedSecGrp/EOYAmt00
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipBasisNetGrp/BOYAmt00
IRS990/LandBldgEquipBasisNetGrp/EOYAmt00
IRS990/LegalDomicileStateCd0NY
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt04293470
IRS990/LoanOutstandingInd0false
IRS990/LoansFromOfficersDirectorsGrp/BOYAmt00
IRS990/LoansFromOfficersDirectorsGrp/EOYAmt00
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0false
IRS990/MinutesOfGoverningBodyInd0false
IRS990/MissionDesc0TO PROVIDE DISABILITY BENEFITS TO ELIGIBLE PARTICIPANTS.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt00
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt00
IRS990/NetAssetsOrFundBalancesBOYAmt014227905
IRS990/NetAssetsOrFundBalancesEOYAmt017355097
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt01982
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt01982
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0986735
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/TotalAmt00
IRS990/OfficeExpensesGrp/TotalAmt00
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt00
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherChangesInNetAssetsAmt0944522
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0REINSURANCE FEE
IRS990/OtherExpensesGrp/Desc1ACTUARIAL FEES
IRS990/OtherExpensesGrp/TotalAmt099000
IRS990/OtherExpensesGrp/TotalAmt142471
IRS990/OtherLiabilitiesGrp/BOYAmt013278703
IRS990/OtherLiabilitiesGrp/EOYAmt012334181
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0OTHER INCOME
IRS990/OtherRevenueMiscGrp/ExclusionAmt01140
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt01140
IRS990/OtherRevenueTotalAmt01140
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/PrincipalOfficerNm0State Street Bank Trust
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0525100
IRS990/ProgramServiceRevenueGrp/Desc0EMPLOYEE CONTRIBUTIONS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt02625584
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt02625584
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYBenefitsPaidToMembersAmt02169478
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0649646
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0346688
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt02645689
IRS990/PYRevenuesLessExpensesAmt0753620
IRS990/PYSalariesCompEmpBnftPaidAmt025549
IRS990/PYTotalExpensesAmt02541715
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt03295335
IRS990/RcvblFromDisqualifiedPrsnGrp/BOYAmt00
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt01195935
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/BOYAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0281714
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0364737
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/ExpensesSubtotalAmt02098593
IRS990ScheduleD/FederalIncomeTaxLiabilityAmt00
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0986735
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt012334181
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0RESERVE FOR DISABLED EMPLOYEES
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt017658177
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt111213123
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt246362
IRS990ScheduleD/OtherSecuritiesGrp/Desc0CF DV ALL COUNTRY WORLD INDEX
IRS990ScheduleD/OtherSecuritiesGrp/Desc1CF DV AGGREGATE BOND INDEX
IRS990ScheduleD/OtherSecuritiesGrp/Desc2CF CHARITABLE TEMP INVEST FUND
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd1F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd2F
IRS990ScheduleD/RevenueNotReportedAmt0986735
IRS990ScheduleD/RevenueSubtotalAmt03294528
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0Accounting principles generally accepted in the United States of America require management of the Plan Sponsor to evaluate tax positions taken by the Plan and recognize a tax liability (or asset) if the Plan has taken an uncertain position that more likely than not would not be sustained upon examination by the IRS. The Plan is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress. The management of the Plan Sponsor believes it is no longer subject to income tax examinations for years prior to 2013.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2 - ASC740
IRS990ScheduleD/TotalBookValueSecuritiesAmt028917662
IRS990ScheduleD/TotalExpensesPerForm990Amt02098593
IRS990ScheduleD/TotalLiabilityAmt012334181
IRS990ScheduleD/TotalRevenuePerForm990Amt03294528
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt04281263
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02098593
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0STATE STREET BANK & TRUST SERVES AS THE SOLE DIRECTED TRUSTEE OF THE CONSOLIDATED EDISON MASTER WELFARE BENEFIT PLAN. THE PLAN SPONSOR IS CONSOLIDATED EDISON COMPANY OF NEW YORK, INC. THE TRUST IS ADMINISTERED BY 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 ORGANIZATION AS IT IS A 501(C)(9) TRUST (VOLUNTARY EMPLOYEE BENEFITS ASSOCIATION). ADDITIONALLY, THE ORGANIZATION DOES NOT HAVE EMPLOYEES, THEREFORE NO PROCESSES RELATED TO EMPLOYEE COMPENSATION ARE IN PLACE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A COMPLETE ELECTRONIC COPY OF THE ORGANIZATION'S FORM 990 WAS PROVIDED TO THE PLAN ADMINISTRATOR FOR REVIEW PRIOR TO FILING WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2AS 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, STATE STREET BANK & TRUST PROVIDES ADMINISTRATIVE SERVICES SUCH AS ACTING AS INVESTMENT MANAGER CONSOLIDATED EDISON MASTER WELFARE BENEFIT PLAN. 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 FAIR MARKET VALUE OF THE ACCOUNT AND IN ACCORDANCE WITH STATE STREET BANK & TRUST'S AGREEMENT WITH CONSOLIDATED EDISON COMPANY OF NEW YORK, INC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3CHANGE IN THE CLAIM RESERVE FROM 2015 TO 2016 $944,522
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINES 1A & B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART XI, LINE 9
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingEntityName/BusinessNameLine1Txt0NA
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EIN0135009340
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt0C Corp
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd0NY
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt0Utilities
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt0Consolidated Edison of NY Inc
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/AddressLine1Txt04 Irving Place
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/CityNm0New York
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/StateAbbreviationCd0NY
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/ZIPCd010003
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/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondLiabilitiesGrp/BOYAmt00
IRS990/TaxExemptBondLiabilitiesGrp/EOYAmt00
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt027620096
IRS990/TotalAssetsEOYAmt029786517
IRS990/TotalAssetsGrp/BOYAmt027620096
IRS990/TotalAssetsGrp/EOYAmt029786517
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt02098593
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt013392191
IRS990/TotalLiabilitiesEOYAmt012431420
IRS990/TotalLiabilitiesGrp/BOYAmt013392191
IRS990/TotalLiabilitiesGrp/EOYAmt012431420
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt014227905
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt017355097
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceRevenueAmt02625584
IRS990/TotalReportableCompFromOrgAmt027639
IRS990/TotalRevenueGrp/ExclusionAmt0668944
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt02625584
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt03294528
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt027620096
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt029786517
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/TotalAmt00
IRS990/TypeOfOrganizationTrustInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt00
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01200 Crown Colony Drive 5th Fl
IRS990/USAddress/CityNm0Quincy
IRS990/USAddress/StateAbbreviationCd0MA
IRS990/USAddress/ZIPCd002169
IRS990/VotingMembersGoverningBodyCnt01
IRS990/VotingMembersIndependentCnt00
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02018-03-14 21:41:22Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0ALLAN ADRANEDA
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0ASST. VICE PRESIDENT
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-11-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Consolidated Edison Master Welfare Benefit
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0Plan
ReturnHeader/Filer/BusinessNameControlTxt0CONS
ReturnHeader/Filer/EIN0133329253
ReturnHeader/Filer/InCareOfNm0% STATE STREET BANK & TRUST
ReturnHeader/Filer/PhoneNum06176649564
ReturnHeader/Filer/USAddress/AddressLine1Txt01200 Crown Colony Drive 5th Floor
ReturnHeader/Filer/USAddress/CityNm0Quincy
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MA
ReturnHeader/Filer/USAddress/ZIPCd002169
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId00C6C8F7C1C22E68F83DAB8678A3CDB7085AC22F8
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId085868073965687212239AA369D140FAEDE3756F9
ReturnHeader/FilingSecurityInformation/FederalOriginalSubmissionId035057220173185000024
ReturnHeader/FilingSecurityInformation/FederalOriginalSubmissionIdDt02017-11-14
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0164.57.159.253
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0ERNST & YOUNG US LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0200 CLARENDON STREET
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0BOSTON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd002116
ReturnHeader/PreparerPersonGrp/PhoneNum06172662000
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0EMILY C SEELYE
ReturnHeader/ReturnTs02017-11-14T21:40:55-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-01-01
ReturnHeader/TaxPeriodEndDt02016-12-31
ReturnHeader/TaxYr02016

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$29,786,517
Liabilities
$12,431,420
Net assets
$17,355,097
Revenue
$3,294,528
Expenses
$2,098,593
Net income
$1,195,935
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$64.2$4.93$59.3$4.98$1.26$3.71
2023Detailed filing. Detailed filing data is available for this year.$56.5$5.62$50.9$2.73$1.43$1.31
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$47.5$6.43$41.1$2.87$1.46$1.41
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$59.2$7.43$51.8$14.8$1.52$13.3
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$50.8$9.08$41.7$3.39$1.79$1.60
2019Detailed filing. Detailed filing data is available for this year.$43.0$10.0$33.0$4.48$1.70$2.77
2018Detailed filing. Detailed filing data is available for this year.$33.3$10.5$22.9$3.48$1.98$1.50
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$35.5$12.2$23.3$3.51$1.70$1.82
2016Detailed filing. Detailed filing data is available for this year.$29.8$12.4$17.4$3.29$2.10$1.20
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$27.6$13.4$14.2$3.30$2.54$0.75
2014Detailed filing. Detailed filing data is available for this year.$27.8$14.6$13.2$3.30$2.74$0.55
2013Summary only. Only limited summary data is available for this year.$26.8$13.5$13.4$3.90$2.99$0.91
2012Summary only. Only limited summary data is available for this year.$23.2$13.5$9.66$5.57$2.92$2.65
2011Summary only. Only limited summary data is available for this year.$21.0$15.8$5.28$3.20$3.08$0.12