Civic Intelligence

Lucent Tech Inc Post Retirement Welfare Benefits Trust for Represented Employees

990 • Fiscal year 2019 • EIN 22-3463671

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

c/o Karen Alexander 600 Mountain AvMurray Hill, NJ 07974

(908) 723-9869

Siviq Scores

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

Liabilities / Assets

22nd percentile

0.00x

Higher debt load relative to assets than 22% of similar nonprofits.

2019 filings • 501(c)9 • $100M-$250M nonprofits • Source year 2019

Liabilities / Revenue

20th percentile

0.00x

Higher debt load relative to revenue than 20% of similar nonprofits.

2019 filings • 501(c)9 • $100M-$250M nonprofits • Source year 2019

Net Margin

15th percentile

-9.3%

Higher net margin than 15% of similar nonprofits.

2019 filings • 501(c)9 • $100M-$250M nonprofits • Source year 2019

Top Officer Pay

43rd percentile

$11,500

Higher top officer pay than 43% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2019 filings • 501(c)9 • $100M-$250M nonprofits • Source year 2019

Asset Growth

35th percentile

5.4%

Faster asset growth than 35% of similar nonprofits.

2019 filings • 501(c)9 • $100M-$250M nonprofits • Annualized from 2018 to 2019

Revenue Growth

76th percentile

11%

Faster revenue growth than 76% of similar nonprofits.

2019 filings • 501(c)9 • $100M-$250M nonprofits • Annualized from 2018 to 2019

Assets

Up

$236,071,981

Up $12,124,706 (+5.4%) from 2018

Net Assets

Up

$235,963,447

Up $12,137,054 (+5.4%) from 2018

Liabilities

Down

$108,534

Down $12,348 (-10%) from 2018

Revenue

Up

$126,110,091

Up $12,834,706 (+11%) from 2018

Expenses

Down

$137,809,978

Down $2,846,165 (-2.0%) from 2018

Net Income

Up

-$11,699,887

Up $15,680,871 (+57%) from 2018

Historical Trend

Balance Sheet Trend

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

$300M$200M$100M$0Assets 2011: $166,240,549Liabilities 2011: $104,000Net Assets 2011: $166,136,5492011Assets 2012: $132,670,722Liabilities 2012: $367,700Net Assets 2012: $132,303,0222012Assets 2013: $152,954,940Liabilities 2013: $140,600Net Assets 2013: $152,814,3402013Assets 2014: $174,824,307Liabilities 2014: $105,750Net Assets 2014: $174,718,5572014Assets 2015: $176,988,994Liabilities 2015: $87,900Net Assets 2015: $176,901,0942015Assets 2016: $198,708,800Liabilities 2016: $107,855Net Assets 2016: $198,600,9452016Assets 2017: $263,462,071Liabilities 2017: $104,021Net Assets 2017: $263,358,0502017Assets 2018: $223,947,275Liabilities 2018: $120,882Net Assets 2018: $223,826,3932018Assets 2019: $236,071,981Liabilities 2019: $108,534Net Assets 2019: $235,963,4472019Assets 2020: $232,878,808Liabilities 2020: $95,535Net Assets 2020: $232,783,2732020Assets 2021: $233,482,578Liabilities 2021: $107,113Net Assets 2021: $233,375,4652021Assets 2022: $205,451,944Liabilities 2022: $98,879Net Assets 2022: $205,353,0652022Assets 2023: $234,500,318Liabilities 2023: $185,262Net Assets 2023: $234,315,0562023Assets 2024: $261,427,729Liabilities 2024: $217,250Net Assets 2024: $261,210,4792024

Highlighted filing

2019

Assets$236,071,981
Liabilities$108,534
Net Assets$235,963,447

Operations Trend

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

$200M$100M$0-$100MRevenue 2011: $79,863,422Expenses 2011: $121,894,258Net Income 2011: -$42,030,8362011Expenses 2012: $119,029,7412012Expenses 2013: $124,069,1542013Revenue 2014: $152,296,500Expenses 2014: $141,379,860Net Income 2014: $10,916,6402014Revenue 2015: $141,047,537Expenses 2015: $133,836,919Net Income 2015: $7,210,6182015Revenue 2016: $143,161,649Expenses 2016: $131,668,043Net Income 2016: $11,493,6062016Revenue 2017: $59,999,012Expenses 2017: $29,440,801Net Income 2017: $30,558,2112017Revenue 2018: $113,275,385Expenses 2018: $140,656,143Net Income 2018: -$27,380,7582018Revenue 2019: $126,110,091Expenses 2019: $137,809,978Net Income 2019: -$11,699,8872019Revenue 2020: $114,599,389Expenses 2020: $129,238,071Net Income 2020: -$14,638,6822020Revenue 2021: $187,732,247Expenses 2021: $123,537,186Net Income 2021: $64,195,0612021Revenue 2022: $106,138,902Expenses 2022: $104,754,890Net Income 2022: $1,384,0122022Revenue 2023: $97,113,689Expenses 2023: $95,550,398Net Income 2023: $1,563,2912023Revenue 2024: $91,890,972Expenses 2024: $86,137,831Net Income 2024: $5,753,1412024

Highlighted filing

2019

Revenue$126,110,091
Expenses$137,809,978
Net Income-$11,699,887
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
May 13, 2020
Return Version
2019v5.1
Gross Receipts
$134,377,019
Mission and Program Overview

Mission

To provide funding for the payment of post-retirement life insurance benefits and health benefits to eligible retirees of nokia of america corporation.

To provide funding for the payment of post-retirement life insurance benefits and health benefits to eligible retirees of nokia of america corporation

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$223,826,393$235,963,447▲ $12,137,054
Investments in Publicly Traded Securities$184,712,330$208,145,170▲ $23,432,840
Savings and Temporary Cash Investments$39,147,734$27,887,517▼ $11,260,217
Cash and Non-Interest-Bearing Accounts$0$0→ $0
Accounts Receivable$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
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$223,947,275$236,071,981▲ $12,124,706
Other Assets Total$87,211$39,294▼ $47,917
Liabilities
Accounts Payable and Accrued Expenses$120,882$108,534▼ $12,348
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$120,882$108,534▼ $12,348
Net Assets / Fund Balance
Total Net Assets Fund Balance$223,826,393$235,963,447▲ $12,137,054
Total Liabilities and Net Assets / Fund Balance$223,947,275$236,071,981▲ $12,124,706
Compensation and Service Providers

Employees

NameTitleBaseTotal
Bank of New York MelloTrustee$11,500$11,500
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$119,415,714
Investment Income
$6,694,377
Other Revenue
$0
Change in Net Assets
$-11,699,887
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,243,628
Salaries, Compensation, and Employee Benefits$11,500
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Benefits to Members$135,554,850--$135,554,850
Fees for Services Other-$937,279-$937,279
Other Expenses-$911,633-$911,633
Insurance-$240,180-$240,180
Fees for Services Accounting-$88,093-$88,093
Fees for Service Investment Mgmnt Fees-$66,443-$66,443
Current Officers, Directors, Trustees, and Key Employees-$11,500-$11,500
Total Functional Expenses$135,554,850$2,255,128$0$137,809,978
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
Yes
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
Yes
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Question 3

Description of management arrangement the trust is a voluntary employee benefits association pursuant to irs section 501(c)(9). Nokia of america corporation (part of the nokia group), as settlor, has designated nokia investment management corporation (nimco) a "named fiduciary" with respect to the trust and has retained nimco to perform certain fiduciary services with respect to the trust. Nimco, as named fiduciary, hires and oversees investment managers, the trustee, and other service-providers. Nimco is overseen by the nokia pension & benefit investment committee (pbic), an internal investment committee of the nokia group. ------------

Form 990, Part VI, Section A, Question 7A

Description of classes of persons and the nature of their rights nokia of america corporation as settlor or nokia investment management corporation as named fiduciary of the trust has the power to appoint/terminate the trustee. ------------

Form 990, Part VI, Section A, Question 7B

Decisions requiring approval & type of voting rights trustee is subject to direction from nokia of america corporation (settlor), nokia investment management corporation (named fiduciary) and appointed investment managers. --------------

Form 990, Part VI, Section A, Questions 8A & 8B

Documentation of meetings held the trust does not hold meetings. However, the pbic meets at least quarterly to review trust investment performance and other activities related to the trust. Meetings are documented in meeting minutes. -------------

Form 990, Part VI, Section A, Question 9

Mailing address of persons not reachable at the organization the institutional trustee cannot be reached at the organization's mailing address. Their mailing address is: bank of new york mellon 135 santilli highway everett, ma 02149 ------------

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

Process used by management and/or governing body to review form 990 the form 990 is sent to the trustee for authorization and signature prior to being filed. ------------

Form 990, Part VI, Section B, Questions 12-15

Governance and policies the trust has no employees. Accordingly, there are no such policies in place related to employee compensation. ------------

Form 990, Part VI, Section C, Question 19

Availabilty of documents upon request, the trust agreement is made available to plan participants. -------------

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

Average hours per week of trustee as trustee, the bank of new york mellon provides various administrative services to the trust. These services require the involvement of numerous individual bank employees in the activities of the organization and thus can not easily be quantified on an hourly basis. --------------

Filing and Contact Details

Filer

Filer Name
Lucent Tech Inc Post Retirement Welfare
EIN
22-3463671
In Care Of
% KAREN ALEXANDER
Phone
9087239869
Address
c/o Karen Alexander 600 Mountain Av, Murray Hill, NJ 07974

Signing Officer

Name
Lisa Candy
Title
Vice President
Signed
2020-05-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Bank of New York Mellon
Formed
2002
Legal Domicile
Ny
Voting Board Members
0
Independent Board Members
0
Employees
0
Volunteers
0

Preparer

Firm
PricewaterhouseCoopers LLP
Address
1075 Peachtree Street Suite 2600, Atlanta, GA 30309
Preparer
Robert Purser
Phone
6784191000
Raw XML Appendix387 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/BOYAmt0120882
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0108534
IRS990/AccountsReceivableGrp/BOYAmt00
IRS990/AccountsReceivableGrp/EOYAmt00
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0TO PROVIDE FUNDING FOR THE PAYMENT OF POST-RETIREMENT LIFE INSURANCE BENEFITS AND HEALTH BENEFITS TO ELIGIBLE RETIREES OF NOKIA OF AMERICA CORPORATION
IRS990/AdvertisingGrp/TotalAmt00
IRS990/BackupWthldComplianceInd0true
IRS990/BenefitsToMembersGrp/ProgramServicesAmt0135554850
IRS990/BenefitsToMembersGrp/TotalAmt0135554850
IRS990/BooksInCareOfDetail/PersonNm0KAREN ALEXANDER
IRS990/BooksInCareOfDetail/PhoneNum09086796226
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0600 MOUNTAIN AVENUE RM 2A-363
IRS990/BooksInCareOfDetail/USAddress/CityNm0MURRAY HILL
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NJ
IRS990/BooksInCareOfDetail/USAddress/ZIPCd007974
IRS990/BusinessRlnWith35CtrlEntInd0false
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CapStkTrPrinCurrentFundsGrp/BOYAmt00
IRS990/CapStkTrPrinCurrentFundsGrp/EOYAmt00
IRS990/CashNonInterestBearingGrp/BOYAmt00
IRS990/CashNonInterestBearingGrp/EOYAmt00
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt011500
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt011500
IRS990/CompDisqualPersonsGrp/TotalAmt00
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0false
IRS990/CompensationProcessOtherInd0false
IRS990/ConferencesMeetingsGrp/TotalAmt00
IRS990/ConflictOfInterestPolicyInd0false
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CostOfGoodsSoldAmt00
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt0135554850
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt06694377
IRS990/CYOtherExpensesAmt02243628
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt0119415714
IRS990/CYRevenuesLessExpensesAmt0-11699887
IRS990/CYSalariesCompEmpBnftPaidAmt011500
IRS990/CYTotalExpensesAmt0137809978
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0126110091
IRS990/DecisionsSubjectToApprovaInd0true
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DeferredRevenueGrp/BOYAmt00
IRS990/DeferredRevenueGrp/EOYAmt00
IRS990/DelegationOfMgmtDutiesInd0true
IRS990/DepreciationDepletionGrp/TotalAmt00
IRS990/Desc0EXPENSES RELATED TO THE ACCOMPLISHMENT OF THE TRUST'S PRIMARY EXEMPT PURPOSE.
IRS990/DescribedInSection501c3Ind0false
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0false
IRS990/DonorAdvisedFundInd0false
IRS990/DonorRstrOrQuasiEndowmentsInd0false
IRS990/ElectionOfBoardMembersInd0true
IRS990/EmployeeCnt00
IRS990/EscrowAccountLiabilityGrp/BOYAmt00
IRS990/EscrowAccountLiabilityGrp/EOYAmt00
IRS990/ExpenseAmt0135554850
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt088093
IRS990/FeesForServicesAccountingGrp/TotalAmt088093
IRS990/FeesForServicesLegalGrp/TotalAmt00
IRS990/FeesForServicesLobbyingGrp/TotalAmt00
IRS990/FeesForServicesManagementGrp/TotalAmt00
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt0937279
IRS990/FeesForServicesOtherGrp/TotalAmt0937279
IRS990/FeesForServicesProfFundraising/TotalAmt00
IRS990/FeesForSrvcInvstMgmntFeesGrp/ManagementAndGeneralAmt066443
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt066443
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/PersonNm0BANK OF NEW YORK MELLO
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt011500
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/TitleTxt0TRUSTEE
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr02002
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0false
IRS990/FundraisingActivitiesInd0false
IRS990/FundraisingDirectExpensesAmt00
IRS990/FundraisingGrossIncomeAmt00
IRS990/GainOrLossGrp/SecuritiesAmt04440625
IRS990/GamingActivitiesInd0false
IRS990/GamingDirectExpensesAmt00
IRS990/GamingGrossIncomeAmt00
IRS990/GoverningBodyVotingMembersCnt00
IRS990/GrantsPayableGrp/BOYAmt00
IRS990/GrantsPayableGrp/EOYAmt00
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt00
IRS990/GrantsToDomesticOrgsGrp/TotalAmt00
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt012707553
IRS990/GrossReceiptsAmt0134377019
IRS990/GrossSalesOfInventoryAmt00
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IncmFromInvestBondProceedsGrp/TotalRevenueColumnAmt00
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt00
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIIIInd0X
IRS990/InfoInScheduleOPartVIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXInd0X
IRS990/InformationTechnologyGrp/TotalAmt00
IRS990/InsuranceGrp/ManagementAndGeneralAmt0240180
IRS990/InsuranceGrp/TotalAmt0240180
IRS990/IntangibleAssetsGrp/BOYAmt00
IRS990/IntangibleAssetsGrp/EOYAmt00
IRS990/InterestGrp/TotalAmt00
IRS990/InventoriesForSaleOrUseGrp/BOYAmt00
IRS990/InventoriesForSaleOrUseGrp/EOYAmt00
IRS990/InvestmentIncomeGrp/ExclusionAmt02253752
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt02253752
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt00
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt00
IRS990/InvestmentsProgramRelatedGrp/BOYAmt00
IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt0184712330
IRS990/InvestmentsPubTradedSecGrp/EOYAmt0208145170
IRS990/IRPDocumentCnt01
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipBasisNetGrp/BOYAmt00
IRS990/LandBldgEquipBasisNetGrp/EOYAmt00
IRS990/LegalDomicileStateCd0NY
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt08266928
IRS990/LoanOutstandingInd0false
IRS990/LoansFromOfficersDirectorsGrp/BOYAmt00
IRS990/LoansFromOfficersDirectorsGrp/EOYAmt00
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0false
IRS990/MinutesOfGoverningBodyInd0false
IRS990/MissionDesc0TO PROVIDE FUNDING FOR THE PAYMENT OF POST-RETIREMENT LIFE INSURANCE BENEFITS AND HEALTH BENEFITS TO ELIGIBLE RETIREES OF NOKIA OF AMERICA CORPORATION.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt00
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt00
IRS990/NetAssetsOrFundBalancesBOYAmt0223826393
IRS990/NetAssetsOrFundBalancesEOYAmt0235963447
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt04440625
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt04440625
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt023836941
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/TotalAmt00
IRS990/OfficeExpensesGrp/TotalAmt00
IRS990/OfficerMailingAddressInd0true
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt087211
IRS990/OtherAssetsTotalGrp/EOYAmt039294
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0PREMIUM TAXES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0911633
IRS990/OtherExpensesGrp/TotalAmt0911633
IRS990/OtherLiabilitiesGrp/BOYAmt00
IRS990/OtherLiabilitiesGrp/EOYAmt00
IRS990/OtherRevenueTotalAmt00
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/PrincipalOfficerNm0BANK OF NEW YORK MELLON
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0525100
IRS990/ProgramServiceRevenueGrp/BusinessCd1525100
IRS990/ProgramServiceRevenueGrp/Desc0RETIREE CONTRIBUTIONS
IRS990/ProgramServiceRevenueGrp/Desc1SPONSOR CONTRIBUTIONS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt079415714
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt140000000
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt079415714
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt140000000
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYBenefitsPaidToMembersAmt0131771621
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt08019344
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt08873022
IRS990/PYOtherRevenueAmt04336
IRS990/PYProgramServiceRevenueAmt0105251705
IRS990/PYRevenuesLessExpensesAmt0-27380758
IRS990/PYSalariesCompEmpBnftPaidAmt011500
IRS990/PYTotalExpensesAmt0140656143
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0113275385
IRS990/RcvblFromDisqualifiedPrsnGrp/BOYAmt00
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-11699887
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0119415714
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0223826393
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0235963447
IRS990/SavingsAndTempCashInvstGrp/BOYAmt039147734
IRS990/SavingsAndTempCashInvstGrp/EOYAmt027887517
IRS990/ScheduleBRequiredInd0false
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DESCRIPTION OF MANAGEMENT ARRANGEMENT THE TRUST IS A VOLUNTARY EMPLOYEE BENEFITS ASSOCIATION PURSUANT TO IRS SECTION 501(C)(9). NOKIA OF AMERICA CORPORATION (PART OF THE NOKIA GROUP), AS SETTLOR, HAS DESIGNATED NOKIA INVESTMENT MANAGEMENT CORPORATION (NIMCO) A "NAMED FIDUCIARY" WITH RESPECT TO THE TRUST AND HAS RETAINED NIMCO TO PERFORM CERTAIN FIDUCIARY SERVICES WITH RESPECT TO THE TRUST. NIMCO, AS NAMED FIDUCIARY, HIRES AND OVERSEES INVESTMENT MANAGERS, THE TRUSTEE, AND OTHER SERVICE-PROVIDERS. NIMCO IS OVERSEEN BY THE NOKIA PENSION & BENEFIT INVESTMENT COMMITTEE (PBIC), AN INTERNAL INVESTMENT COMMITTEE OF THE NOKIA GROUP. ------------
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DESCRIPTION OF CLASSES OF PERSONS AND THE NATURE OF THEIR RIGHTS NOKIA OF AMERICA CORPORATION AS SETTLOR OR NOKIA INVESTMENT MANAGEMENT CORPORATION AS NAMED FIDUCIARY OF THE TRUST HAS THE POWER TO APPOINT/TERMINATE THE TRUSTEE. ------------
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DECISIONS REQUIRING APPROVAL & TYPE OF VOTING RIGHTS TRUSTEE IS SUBJECT TO DIRECTION FROM NOKIA OF AMERICA CORPORATION (SETTLOR), NOKIA INVESTMENT MANAGEMENT CORPORATION (NAMED FIDUCIARY) AND APPOINTED INVESTMENT MANAGERS. --------------
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DOCUMENTATION OF MEETINGS HELD THE TRUST DOES NOT HOLD MEETINGS. HOWEVER, THE PBIC MEETS AT LEAST QUARTERLY TO REVIEW TRUST INVESTMENT PERFORMANCE AND OTHER ACTIVITIES RELATED TO THE TRUST. MEETINGS ARE DOCUMENTED IN MEETING MINUTES. -------------
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4MAILING ADDRESS OF PERSONS NOT REACHABLE AT THE ORGANIZATION THE INSTITUTIONAL TRUSTEE CANNOT BE REACHED AT THE ORGANIZATION'S MAILING ADDRESS. THEIR MAILING ADDRESS IS: BANK OF NEW YORK MELLON 135 SANTILLI HIGHWAY EVERETT, MA 02149 ------------
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5PROCESS USED BY MANAGEMENT AND/OR GOVERNING BODY TO REVIEW FORM 990 THE FORM 990 IS SENT TO THE TRUSTEE FOR AUTHORIZATION AND SIGNATURE PRIOR TO BEING FILED. ------------
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6GOVERNANCE AND POLICIES THE TRUST HAS NO EMPLOYEES. ACCORDINGLY, THERE ARE NO SUCH POLICIES IN PLACE RELATED TO EMPLOYEE COMPENSATION. ------------
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7AVAILABILTY OF DOCUMENTS UPON REQUEST, THE TRUST AGREEMENT IS MADE AVAILABLE TO PLAN PARTICIPANTS. -------------
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8AVERAGE HOURS PER WEEK OF TRUSTEE AS TRUSTEE, THE BANK OF NEW YORK MELLON PROVIDES VARIOUS ADMINISTRATIVE SERVICES TO THE TRUST. THESE SERVICES REQUIRE THE INVOLVEMENT OF NUMEROUS INDIVIDUAL BANK EMPLOYEES IN THE ACTIVITIES OF THE ORGANIZATION AND THUS CAN NOT EASILY BE QUANTIFIED ON AN HOURLY BASIS. --------------
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, QUESTION 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, QUESTION 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, QUESTION 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION A, QUESTIONS 8A & 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION A, QUESTION 9
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION B, QUESTION 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART VI, SECTION B, QUESTIONS 12-15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART VI, SECTION C, QUESTION 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8FORM 990, PART VII, SECTION A, LINE 1A(1) COL B
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0true
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingEntityName/BusinessNameLine1Txt0NA
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EIN0223408857
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt0C CORP
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd0DE
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt0TELECOMMUNICATION
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt0NOKIA OF AMERICA CORPORATION
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/AddressLine1Txt0600 MOUNTAIN AVENUE
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/CityNm0MURRAY HILL
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/StateAbbreviationCd0NJ
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/ZIPCd007974
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0false
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0true
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0false
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0true
IRS990ScheduleR/TransferFromOtherOrgInd0false
IRS990ScheduleR/TransferToOtherOrgInd0true
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/TotalAssetsBOYAmt0223947275
IRS990/TotalAssetsEOYAmt0236071981
IRS990/TotalAssetsGrp/BOYAmt0223947275
IRS990/TotalAssetsGrp/EOYAmt0236071981
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt02255128
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0135554850
IRS990/TotalFunctionalExpensesGrp/TotalAmt0137809978
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0120882
IRS990/TotalLiabilitiesEOYAmt0108534
IRS990/TotalLiabilitiesGrp/BOYAmt0120882
IRS990/TotalLiabilitiesGrp/EOYAmt0108534
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0223826393
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0235963447
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0135554850
IRS990/TotalProgramServiceRevenueAmt0119415714
IRS990/TotalReportableCompFromOrgAmt011500
IRS990/TotalRevenueGrp/ExclusionAmt06694377
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0119415714
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0126110091
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0223947275
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0236071981
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/TotalAmt00
IRS990/TypeOfOrganizationTrustInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt00
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0135 SANTILLI HIGHWAY
IRS990/USAddress/CityNm0EVERETT
IRS990/USAddress/StateAbbreviationCd0MA
IRS990/USAddress/ZIPCd002149
IRS990/VotingMembersGoverningBodyCnt00
IRS990/VotingMembersIndependentCnt00
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02021-04-22 16:20:28Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0LISA CANDY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0VICE PRESIDENT
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-05-13
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Lucent Tech Inc Post Retirement Welfare
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0Benefits Trust for Represented Employees
ReturnHeader/Filer/BusinessNameControlTxt0LUC2
ReturnHeader/Filer/EIN0223463671
ReturnHeader/Filer/InCareOfNm0% KAREN ALEXANDER
ReturnHeader/Filer/PhoneNum09087239869
ReturnHeader/Filer/USAddress/AddressLine1Txt0c/o Karen Alexander 600 Mountain Av
ReturnHeader/Filer/USAddress/CityNm0Murray Hill
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NJ
ReturnHeader/Filer/USAddress/ZIPCd007974
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0EAAFFA65AE3D15B53CCB44418EFA7B48F2968982
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId08CA10B05E5E84206C044A0AE2296FB6084944780
ReturnHeader/FilingSecurityInformation/FederalOriginalSubmissionId058367020201355000001
ReturnHeader/FilingSecurityInformation/FederalOriginalSubmissionIdDt02020-05-14
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0155.201.35.117
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0PricewaterhouseCoopers LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01075 Peachtree Street Suite 2600
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Atlanta
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0GA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd030309
ReturnHeader/PreparerPersonGrp/PhoneNum06784191000
ReturnHeader/PreparerPersonGrp/PreparationDt02020-05-14
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ROBERT PURSER
ReturnHeader/ReturnTs02020-05-14T12:02:01-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-01-01
ReturnHeader/TaxPeriodEndDt02019-12-31
ReturnHeader/TaxYr02019

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$261$0.22$261$91.9$86.1$5.75
2023Detailed filing. Detailed filing data is available for this year.$235$0.19$234$97.1$95.6$1.56
2022Detailed filing. Detailed filing data is available for this year.$205$0.10$205$106$105$1.38
2021Detailed filing. Detailed filing data is available for this year.$233$0.11$233$188$124$64.2
2020Detailed filing. Detailed filing data is available for this year.$233$0.10$233$115$129$14.6
2019Detailed filing. Detailed filing data is available for this year.$236$0.11$236$126$138$11.7
2018Detailed filing. Detailed filing data is available for this year.$224$0.12$224$113$141$27.4
2017Summary only. Only limited summary data is available for this year.$263$0.10$263$60.0$29.4$30.6
2016Detailed filing. Detailed filing data is available for this year.$199$0.11$199$143$132$11.5
2015Detailed filing. Detailed filing data is available for this year.$177$0.09$177$141$134$7.21
2014Detailed filing. Detailed filing data is available for this year.$175$0.11$175$152$141$10.9
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$153$0.14$153$124
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$133$0.37$132$119
2011Summary only. Only limited summary data is available for this year.$166$0.10$166$79.9$122$42.0