Civic Intelligence

Trust for the Gte Group Insurance Plan

990 • Fiscal year 2017 • EIN 22-3346584

Jan 01, 2017 to Dec 31, 2017 • Filed on Nov 07, 2018

1 Bny Mellon Ctr Room 151-0410Pittsburgh, PA 15258-0001

(412) 236-0537

Siviq Scores

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

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on this filing.

Source year 2017

Liabilities / Revenue

67th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2017 filings • 501(c)9 • <$500k nonprofits • Source year 2017

Net Margin

27th percentile

-22%

Higher net margin than 27% of similar nonprofits.

2017 filings • 501(c)9 • <$500k nonprofits • Source year 2017

Top Officer Pay

84th percentile

$1,515

Higher top officer pay than 84% of similar nonprofits.

Top officer pay equals 1.0% of source-year revenue.

2017 filings • 501(c)9 • <$500k nonprofits • Source year 2017

Asset Growth

10th percentile

-100%

Faster asset growth than 10% of similar nonprofits.

2017 filings • 501(c)9 • <$500k nonprofits • Annualized from 2016 to 2017

Revenue Growth

92nd percentile

90%

Faster revenue growth than 92% of similar nonprofits.

2017 filings • 501(c)9 • <$500k nonprofits • Annualized from 2016 to 2017

Assets

Down

$0

Down $32,964 (-100%) from 2016

Net Assets

Down

$0

Down $32,964 (-100%) from 2016

Liabilities

Flat

$0

Flat from 2016

Revenue

Up

$150,140

Up $71,169 (+90%) from 2016

Expenses

Down

$183,105

Down $7,010,288 (-97%) from 2016

Net Income

Up

-$32,965

Up $7,081,457 (+100%) from 2016

Historical Trend

Balance Sheet Trend

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

$8.0M$6.0M$4.0M$2.0M$0Assets 2010: $2,377Liabilities 2010: $0Net Assets 2010: $2,3772010Assets 2011: $3,976,115Liabilities 2011: $0Net Assets 2011: $3,976,1152011Assets 2012: $5,356,991Liabilities 2012: $0Net Assets 2012: $5,356,9912012Assets 2013: $7,295,866Liabilities 2013: $352Net Assets 2013: $7,295,5142013Assets 2014: $7,079,641Liabilities 2014: $3,523Net Assets 2014: $7,076,1182014Assets 2015: $7,147,385Liabilities 2015: $0Net Assets 2015: $7,147,3852015Assets 2016: $32,964Liabilities 2016: $0Net Assets 2016: $32,9642016Assets 2017: $0Liabilities 2017: $0Net Assets 2017: $02017

Highlighted filing

2017

Assets$0
Liabilities$0
Net Assets$0

Operations Trend

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

$60M$40M$20M$0-$20MRevenue 2010: $7,096Expenses 2010: $2,910,536Net Income 2010: -$2,903,4402010Revenue 2011: $4,455,763Expenses 2011: $482,025Net Income 2011: $3,973,7382011Revenue 2012: $30,549,233Expenses 2012: $29,168,357Net Income 2012: $1,380,8762012Revenue 2013: $43,332,429Expenses 2013: $41,393,906Net Income 2013: $1,938,5232013Revenue 2014: $40,082,030Expenses 2014: $40,301,426Net Income 2014: -$219,3962014Revenue 2015: $39,282,406Expenses 2015: $39,243,508Net Income 2015: $38,8982015Revenue 2016: $78,971Expenses 2016: $7,193,393Net Income 2016: -$7,114,4222016Revenue 2017: $150,140Expenses 2017: $183,105Net Income 2017: -$32,9652017

Highlighted filing

2017

Revenue$150,140
Expenses$183,105
Net Income-$32,965
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Nov 7, 2018
Return Version
2017v2.3
Gross Receipts
$150,140
Mission and Program Overview

Mission

Provide benefits to eligible members

Provide Insurance benefits to eligible members

Balance Sheet Detail
LineBeginningEndChange
Assets
Cap Stk Tr Prin Current Funds$32,964$0▼ $32,964
Accounts Receivable$32,607$0▼ $32,607
Cash and Non-Interest-Bearing Accounts$1,476$0▼ $1,476
Investments in Publicly Traded Securities$60$0▼ $60
Savings and Temporary Cash Investments$0$0→ $0
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 Other Securities$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
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$32,964$0▼ $32,964
Other Assets Total$-1,179$0▲ $1,179
Liabilities
Accounts Payable and Accrued Expenses$0$0→ $0
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$32,964$0▼ $32,964
Total Liabilities and Net Assets / Fund Balance$32,964$0▼ $32,964
Compensation and Service Providers

Employees

NameTitleBaseTotal
BNY MellonTrustee$1,515$1,515
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$-505,065
Other Revenue
$655,205
Change in Net Assets
$-32,965

Audited Revenue Reconciliation

Revenue per Audited Statements
$150,140
Total Revenue per Audited Statements
$150,140
Total Revenue per Form 990
$150,140
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$40,092
Salaries, Compensation, and Employee Benefits$1,515
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Benefits to Members---$141,498
Other Expenses---$32,607
Current Officers, Directors, Trustees, and Key Employees---$1,515
Total Functional Expenses$0$0$0$183,105

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$183,105
Total Expenses per Audited Statements$183,105
Total Expenses per Form 990$183,105
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
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Trust for the Gte Group Insurance Plan
EIN
22-3346584
In Care Of
% BNY MELLON ASSET SVC
Phone
4122360537
Address
1 BNY MELLON CTR ROOM 151-0410, Pittsburgh, PA 15258-0001

Signing Officer

Name
Kevin Suchta
Title
bny mellon trustee
Phone
4122360537
Signed
2018-11-07

Organization Details

Principal Officer
Kevin Suchta
Formed
1991
Legal Domicile
Pa
Voting Board Members
1
Independent Board Members
0
Employees
0

Preparer

Firm
Kpmg Llp
Address
345 Park Avenue, New York, NY 10154-0102
Preparer
Jonathan Keller
Phone
2127589700
Supplemental Narrative

Additional Explanations

Supplemental Information to Form 990

PART IV - CHECKLIST OF REQUIRED SCHEDULES LINE 12: THE SEPARATE, INDEPENDENT AUDITED FINANCIAL STATEMENTS WERE OBTAINED AT THE PLAN LEVEL WHICH INCLUDES THE ORGANIZATION. PART VI - GOVERNANCE, MANAGEMENT, AND DISCLOSURE SECTION B LINE 12: VERIZON COMMUNICATIONS INC AND VERIZON INVESTMENT MANAGEMENT CORP. ("VIMCO") ALSO HAVE A CODE OF CONDUCT WHICH APPLIES TO ALL ENTITIES WHICH INCLUDE THE VEBA. SECTION B LINES 13, 15: THESE QUESTIONS ARE NOT APPLICABLE TO THIS ORGANIZATION AS IT IS A SECTION 501(C)(9) TRUST (VOLUNTARY EMPLOYEE BENEFITS ASSOCIATION). ADDITIONALLY, IT DOES NOT HAVE ANY EMPLOYEES. THEREFORE, THERE ARE NO PROCESSES RELATED TO EMPLOYEE COMPENSATION. 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. THE INFORMATION IS AVAILABLE PUBLICLY TO THE EXTENT REQUIRED BY ERISA. PART VII - COMPENSATION OF OFFICERS, DIRECTORS, TRUSTEES, KEY EMPLOYEES, HIGHEST COMPENSATED EMPLOYEES, AND INDEPENDENT CONTRACTORS LINE 1A AND 1B: AVERAGE HOURS PER WEEK DEVOTED TO POSITION - AS TRUSTEE BNY MELLON PROVIDES ADMINISTRATIVE SERVICES SUCH AS ACTING INVESTMENT MANAGER FOR THE NAMED ORGANIZATION. 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 CALCULATED BASED UPON FACTORS SUCH AS MARKET VALUE OF THE ACCOUNT AND IN ACCORDANCE WITH BNY MELLON'S AGREEMENT WITH THE Trust for the GTE Group Insurance Plan. BNY MELLON SERVES AS DIRECTED TRUSTEE OF THIS TRUST. THE PLAN SPONSOR IS VERIZON COMMUNICATIONS. THE TRUST IS ADMINISTERED BY VERIZON COMMUNICATION EMPLOYEE BENEFIT COMMITTEE AND VERIZON INVESTMENT MANAGEMENT CORP. IN ACCORDANCE WITH THE TERMS OF THE TRUST AGREEMENT. AS SUCH THE TRUST DOES NOT HAVE A GOVERNING BODY THAT EXERCISES DISCRETION. PART XI LINE 9: ROUNDING DIFFERENCE.

Raw XML Appendix379 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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0PART IV - CHECKLIST OF REQUIRED SCHEDULES LINE 12: THE SEPARATE, INDEPENDENT AUDITED FINANCIAL STATEMENTS WERE OBTAINED AT THE PLAN LEVEL WHICH INCLUDES THE ORGANIZATION. PART VI - GOVERNANCE, MANAGEMENT, AND DISCLOSURE SECTION B LINE 12: VERIZON COMMUNICATIONS INC AND VERIZON INVESTMENT MANAGEMENT CORP. ("VIMCO") ALSO HAVE A CODE OF CONDUCT WHICH APPLIES TO ALL ENTITIES WHICH INCLUDE THE VEBA. SECTION B LINES 13, 15: THESE QUESTIONS ARE NOT APPLICABLE TO THIS ORGANIZATION AS IT IS A SECTION 501(C)(9) TRUST (VOLUNTARY EMPLOYEE BENEFITS ASSOCIATION). ADDITIONALLY, IT DOES NOT HAVE ANY EMPLOYEES. THEREFORE, THERE ARE NO PROCESSES RELATED TO EMPLOYEE COMPENSATION. 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. THE INFORMATION IS AVAILABLE PUBLICLY TO THE EXTENT REQUIRED BY ERISA. PART VII - COMPENSATION OF OFFICERS, DIRECTORS, TRUSTEES, KEY EMPLOYEES, HIGHEST COMPENSATED EMPLOYEES, AND INDEPENDENT CONTRACTORS LINE 1A AND 1B: AVERAGE HOURS PER WEEK DEVOTED TO POSITION - AS TRUSTEE BNY MELLON PROVIDES ADMINISTRATIVE SERVICES SUCH AS ACTING INVESTMENT MANAGER FOR THE NAMED ORGANIZATION. 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 CALCULATED BASED UPON FACTORS SUCH AS MARKET VALUE OF THE ACCOUNT AND IN ACCORDANCE WITH BNY MELLON'S AGREEMENT WITH THE Trust for the GTE Group Insurance Plan. BNY MELLON SERVES AS DIRECTED TRUSTEE OF THIS TRUST. THE PLAN SPONSOR IS VERIZON COMMUNICATIONS. THE TRUST IS ADMINISTERED BY VERIZON COMMUNICATION EMPLOYEE BENEFIT COMMITTEE AND VERIZON INVESTMENT MANAGEMENT CORP. IN ACCORDANCE WITH THE TERMS OF THE TRUST AGREEMENT. AS SUCH THE TRUST DOES NOT HAVE A GOVERNING BODY THAT EXERCISES DISCRETION. PART XI LINE 9: ROUNDING DIFFERENCE.
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ReturnHeader/BuildTS02019-02-21 02:37:17Z
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0345 Park Avenue
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ReturnHeader/PreparerPersonGrp/PhoneNum02127589700
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Jonathan Keller
ReturnHeader/ReturnTs02018-11-15T08:33:23-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-01-01
ReturnHeader/TaxPeriodEndDt02017-12-31
ReturnHeader/TaxYr02017

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