Liabilities / Assets
29th percentile
Higher debt load relative to assets than 29% of similar nonprofits.
Lucent Tech Inc Post Retirement Welfare Benefits Trust for Represented Employees
990 • Fiscal year 2024 • EIN 22-3463671
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
0.00x
Liabilities / Revenue
27th percentile
Higher debt load relative to revenue than 27% of similar nonprofits.
Net Margin
54th percentile
Higher net margin than 54% of similar nonprofits.
Top Officer Pay
46th percentile
Higher top officer pay than 46% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
72nd percentile
Faster asset growth than 72% of similar nonprofits.
Revenue Growth
16th percentile
Faster revenue growth than 16% of similar nonprofits.
Balance Sheet
Assets
Up$261,427,729
Up $26,927,411 (+11%) from 2023
Net Assets
Up$261,210,479
Up $26,895,423 (+11%) from 2023
Liabilities
Up$217,250
Up $31,988 (+17%) from 2023
Revenue And Expenses
Revenue
Down$91,890,972
Down $5,222,717 (-5.4%) from 2023
Expenses
Down$86,137,831
Down $9,412,567 (-9.9%) from 2023
Net Income
Up$5,753,141
Up $4,189,850 (+268%) from 2023
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2024 to Dec 31, 2024
- Signed
- May 11, 2025
- Return Version
- 2024v5.1
- Gross Receipts
- $102,730,600
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.
Balance Sheet Detail
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Investments in Publicly Traded Securities | $234,436,505 | $261,257,395 | ▲ $26,820,890 |
| Rtn Earn Endowment Incm Other Fnds | $234,315,056 | $261,210,479 | ▲ $26,895,423 |
| Savings and Temporary Cash Investments | $55,375 | $161,627 | ▲ $106,252 |
| Pd in Cap Srpls Land Bldg Eqp Fund | $0 | $0 | → $0 |
| Cap Stk Tr Prin Current Funds | $0 | $0 | → $0 |
| Total Assets | $234,500,318 | $261,427,729 | ▲ $26,927,411 |
| Other Assets Total | $8,438 | $8,707 | ▲ $269 |
| Liabilities | |||
| Accounts Payable and Accrued Expenses | $185,262 | $217,250 | ▲ $31,988 |
| Total Liabilities | $185,262 | $217,250 | ▲ $31,988 |
| Net Assets / Fund Balance | |||
| Total Net Assets Fund Balance | $234,315,056 | $261,210,479 | ▲ $26,895,423 |
| Total Liabilities and Net Assets / Fund Balance | $234,500,318 | $261,427,729 | ▲ $26,927,411 |
Compensation and Service Providers
Employees
| Name | Title | Base | Total |
|---|---|---|---|
| - | Trustee | $11,500 | $11,500 |
Highest Paid Contractors
| Contractor | Services | Location | Compensation |
|---|---|---|---|
| Deloitte & Touche LLP | Tax And Audit Services | 30 ROCKEFELLER PLAZA, New York, NY 10112-0015 | $164,020 |
Revenue and Support
Revenue Composition
- Contributions and Grants
- $0
- Program Service Revenue
- $86,417,568
- Investment Income
- $5,473,404
- Other Revenue
- $0
- Change in Net Assets
- $5,753,141
Expenses and Functional Allocation
Major Expense Lines
| Line Item | Amount |
|---|---|
| Other Expenses | $1,704,111 |
| 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 Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Benefits to Members | $84,422,220 | - | - | $84,422,220 |
| Other Expenses | - | $781,581 | - | $781,581 |
| Fees for Services Other | - | $459,029 | - | $459,029 |
| Insurance | - | $218,961 | - | $218,961 |
| Fees for Services Accounting | - | $164,020 | - | $164,020 |
| Fees for Service Investment Mgmnt Fees | - | $67,930 | - | $67,930 |
| Fees for Services Legal | - | $12,590 | - | $12,590 |
| Current Officers, Directors, Trustees, and Key Employees | - | $11,500 | - | $11,500 |
| Total Functional Expenses | $84,422,220 | $1,715,611 | $0 | $86,137,831 |
Fundraising, Events, and Gaming
- Fundraising activities
- No
- Gaming activities
- No
- Professional fundraiser used
- No
Fundraising and Gaming Totals
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
Political and Lobbying Activity
- Political campaign activity
- No
- Subject to proxy tax
- No
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, Line 3
“The trust is a voluntary employee benefits association pursuant to irs section 501(c)(9). Nokia of america corporation (noac) (part of the nokia group), as settlor, previously designated nokia investment management corporation (nimco), a "named fiduciary" with respect to the trust and retained nimco to perform certain fiduciary services with respect to the trust until september 30, 2024. Effective october 1, 2024, the nokia pension and benefit investment committee (pbic) replaced nimco as the "named fiduciary" of the plan with regard to investment matters and with authority to direct the trustee. Also effective october 1, 2024, the company appointed mercer investments llc (mercer) as the outsourced chief investment officer and fully-discretionary investment manager (within the meaning of erisa 3(38)) and fiduciary with respect to the plan's assets.”
Form 990, Part VI, Section A, Line 7A
“Nokia of america corporation as settlor of the trust has the power to appoint/terminate the trustee. Prior to october 1, 2024, nokia investment management corporation as named fiduciary of the trust also had the power to appoint/terminate the trustee.”
Form 990, Part VI, Section A, Line 7B
“Trustee is subject to direction from nokia of america corporation (settlor). Prior to october 1, 2024, the trustee was also subject to direction from nokia investment management corporation (named fiduciary) and appointed investment managers. Effective october 1, 2024, the trustee was also subject to direction from certain employees of noac pursuant to delegation from the pbic, as well as appointed investment managers.”
Form 990, Part VI, Section A, Line 8A
“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, Line 8B
“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 B, Line 11B
“The form 990 is sent to the trustee for authorization and signature prior to being filed.”
Form 990, Part VI, Section C, Line 19
“Upon request, the trust agreement is made available to plan participants.”
Form 990, Part VI, Section B, Questions 12-15
“The trust has no employees. Accordingly, there are no such policies in place related to employee compensation.”
Form 990, Part VI, Question 9
“The institutional trustee cannot be reached at the organization's mailing address. Their mailing address is: bank of new york 135 santilli highway everett, ma 02149”
Form 990, Part VII, Section A Line 1A(1) Col B
“Average hours per week of trustee as trustee, the bank of new york 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
- Phone
- 9087239869
- Address
- 600 MOUNTAIN AVENUE, MURRAY HILL, NJ 07974
Signing Officer
- Name
- Kenneth B Hampe
- Title
- Head of Global Pensions
- Phone
- 9087239869
- Signed
- 2025-05-11
- Discuss with paid preparer
- Yes
Organization Details
- Principal Officer
- Nokia of America Corporat
- Formed
- 2002
- Legal Domicile
- Ny
- Voting Board Members
- 0
- Independent Board Members
- 0
- Employees
- 0
- Volunteers
- 0
Preparer
- Firm
- Deloitte Tax Llp
- Address
- 30 ROCKEFELLER PLAZA, NEW YORK, NY 10112-0015
- Preparer
- Jeffrey Calabro
- Phone
- 2124924000
Raw XML Appendix316 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/AccountantCompileOrReviewInd | 0 | 0 |
| IRS990/AccountsPayableAccrExpnssGrp/BOYAmt | 0 | 185262 |
| IRS990/AccountsPayableAccrExpnssGrp/EOYAmt | 0 | 217250 |
| IRS990/ActivitiesConductedPrtshpInd | 0 | 0 |
| IRS990/ActivityOrMissionDesc | 0 | TO PROVIDE FUNDING FOR THE PAYMENT OF POST-RETIREMENT LIFE INSURANCE BENEFITS AND HEALTH BENEFITS TO ELIGIBLE RETIREES OF NOKIA OF AMERICA CORPORATION. |
| IRS990/BackupWthldComplianceInd | 0 | 1 |
| IRS990/BenefitsToMembersGrp/ProgramServicesAmt | 0 | 84422220 |
| IRS990/BenefitsToMembersGrp/TotalAmt | 0 | 84422220 |
| IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt | 0 | KAREN ALEXANDER |
| IRS990/BooksInCareOfDetail/PhoneNum | 0 | 9087239869 |
| IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 600 MOUNTAIN AVENUE RM 2A-363 |
| IRS990/BooksInCareOfDetail/USAddress/CityNm | 0 | MURRAY HILL |
| IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | NJ |
| IRS990/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 07974 |
| IRS990/BusinessRlnWith35CtrlEntInd | 0 | 0 |
| IRS990/BusinessRlnWithFamMemInd | 0 | 0 |
| IRS990/BusinessRlnWithOrgMemInd | 0 | 0 |
| IRS990/CapStkTrPrinCurrentFundsGrp/BOYAmt | 0 | 0 |
| IRS990/CapStkTrPrinCurrentFundsGrp/EOYAmt | 0 | 0 |
| IRS990/ChangeToOrgDocumentsInd | 0 | 0 |
| IRS990/CntrctRcvdGreaterThan100KCnt | 0 | 1 |
| IRS990/CollectionsOfArtInd | 0 | 0 |
| IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt | 0 | 11500 |
| IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt | 0 | 11500 |
| IRS990/CompensationFromOtherSrcsInd | 0 | 0 |
| IRS990/CompensationProcessCEOInd | 0 | 0 |
| IRS990/CompensationProcessOtherInd | 0 | 0 |
| IRS990/ConflictOfInterestPolicyInd | 0 | 0 |
| IRS990/ConservationEasementsInd | 0 | 0 |
| IRS990/ConsolidatedAuditFinclStmtInd | 0 | 0 |
| IRS990/ContractorCompensationGrp/CompensationAmt | 0 | 164020 |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt | 0 | 30 ROCKEFELLER PLAZA |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm | 0 | NEW YORK |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd | 0 | NY |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd | 0 | 101120015 |
| IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt | 0 | DELOITTE & TOUCHE LLP |
| IRS990/ContractorCompensationGrp/ServicesDesc | 0 | TAX AND AUDIT SERVICES |
| IRS990/CreditCounselingInd | 0 | 0 |
| IRS990/CYBenefitsPaidToMembersAmt | 0 | 84422220 |
| IRS990/CYContributionsGrantsAmt | 0 | 0 |
| IRS990/CYGrantsAndSimilarPaidAmt | 0 | 0 |
| IRS990/CYInvestmentIncomeAmt | 0 | 5473404 |
| IRS990/CYOtherExpensesAmt | 0 | 1704111 |
| IRS990/CYOtherRevenueAmt | 0 | 0 |
| IRS990/CYProgramServiceRevenueAmt | 0 | 86417568 |
| IRS990/CYRevenuesLessExpensesAmt | 0 | 5753141 |
| IRS990/CYSalariesCompEmpBnftPaidAmt | 0 | 11500 |
| IRS990/CYTotalExpensesAmt | 0 | 86137831 |
| IRS990/CYTotalFundraisingExpenseAmt | 0 | 0 |
| IRS990/CYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/CYTotalRevenueAmt | 0 | 91890972 |
| IRS990/DecisionsSubjectToApprovaInd | 0 | 1 |
| IRS990/DeductibleArtContributionInd | 0 | 0 |
| IRS990/DeductibleNonCashContriInd | 0 | 0 |
| IRS990/DelegationOfMgmtDutiesInd | 0 | 1 |
| IRS990/Desc | 0 | TO PROVIDE FUNDING FOR THE PAYMENT OF POST-RETIREMENT LIFE INSURANCE BENEFITS AND HEALTH BENEFITS TO ELIGIBLE RETIREES OF NOKIA OF AMERICA CORPORATION. |
| IRS990/DescribedInSection501c3Ind | 0 | 0 |
| IRS990/DisregardedEntityInd | 0 | 0 |
| IRS990/DocumentRetentionPolicyInd | 0 | 0 |
| IRS990/DonorAdvisedFundInd | 0 | 0 |
| IRS990/DonorRstrOrQuasiEndowmentsInd | 0 | 0 |
| IRS990/ElectionOfBoardMembersInd | 0 | 1 |
| IRS990/EmployeeCnt | 0 | 0 |
| IRS990/ExpenseAmt | 0 | 84422220 |
| IRS990/FamilyOrBusinessRlnInd | 0 | 0 |
| IRS990/FederalGrantAuditRequiredInd | 0 | 0 |
| IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt | 0 | 164020 |
| IRS990/FeesForServicesAccountingGrp/TotalAmt | 0 | 164020 |
| IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt | 0 | 12590 |
| IRS990/FeesForServicesLegalGrp/TotalAmt | 0 | 12590 |
| IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt | 0 | 459029 |
| IRS990/FeesForServicesOtherGrp/TotalAmt | 0 | 459029 |
| IRS990/FeesForSrvcInvstMgmntFeesGrp/ManagementAndGeneralAmt | 0 | 67930 |
| IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt | 0 | 67930 |
| IRS990/ForeignActivitiesInd | 0 | 0 |
| IRS990/ForeignFinancialAccountInd | 0 | 0 |
| IRS990/ForeignOfficeInd | 0 | 0 |
| IRS990/Form8282PropertyDisposedOfInd | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 0 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/BusinessName/BusinessNameLine1Txt | 0 | BANK OF NEW YORK |
| IRS990/Form990PartVIISectionAGrp/InstitutionalTrusteeInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 0 | 11500 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 0 | TRUSTEE |
| IRS990/Form990ProvidedToGvrnBodyInd | 0 | 1 |
| IRS990/FormationYr | 0 | 2002 |
| IRS990/FormerOfcrEmployeesListedInd | 0 | 0 |
| IRS990/FSAuditedInd | 0 | 0 |
| IRS990/FundraisingActivitiesInd | 0 | 0 |
| IRS990/GainOrLossGrp/SecuritiesAmt | 0 | 2094732 |
| IRS990/GamingActivitiesInd | 0 | 0 |
| IRS990/GoverningBodyVotingMembersCnt | 0 | 0 |
| IRS990/GrantsToIndividualsInd | 0 | 0 |
| IRS990/GrantsToOrganizationsInd | 0 | 0 |
| IRS990/GrantToRelatedPersonInd | 0 | 0 |
| IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt | 0 | 12934360 |
| IRS990/GrossReceiptsAmt | 0 | 102730600 |
| IRS990/GroupReturnForAffiliatesInd | 0 | 0 |
| IRS990/IncludeFIN48FootnoteInd | 0 | 0 |
| IRS990/IndependentAuditFinclStmtInd | 0 | 0 |
| IRS990/IndependentVotingMemberCnt | 0 | 0 |
| IRS990/IndivRcvdGreaterThan100KCnt | 0 | 0 |
| IRS990/IndoorTanningServicesInd | 0 | 0 |
| IRS990/InfoInScheduleOPartVIIInd | 0 | X |
| IRS990/InfoInScheduleOPartVIInd | 0 | X |
| IRS990/InsuranceGrp/ManagementAndGeneralAmt | 0 | 218961 |
| IRS990/InsuranceGrp/TotalAmt | 0 | 218961 |
| IRS990/InvestmentIncomeGrp/ExclusionAmt | 0 | 3378672 |
| IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt | 0 | 3378672 |
| IRS990/InvestmentInJointVentureInd | 0 | 0 |
| IRS990/InvestmentsPubTradedSecGrp/BOYAmt | 0 | 234436505 |
| IRS990/InvestmentsPubTradedSecGrp/EOYAmt | 0 | 261257395 |
| IRS990/IRPDocumentCnt | 0 | 2 |
| IRS990/IRPDocumentW2GCnt | 0 | 0 |
| IRS990/LegalDomicileStateCd | 0 | NY |
| IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt | 0 | 10839628 |
| IRS990/LoanOutstandingInd | 0 | 0 |
| IRS990/LocalChaptersInd | 0 | 0 |
| IRS990/MaterialDiversionOrMisuseInd | 0 | 0 |
| IRS990/MembersOrStockholdersInd | 0 | 0 |
| IRS990/MethodOfAccountingAccrualInd | 0 | X |
| IRS990/MinutesOfCommitteesInd | 0 | 0 |
| IRS990/MinutesOfGoverningBodyInd | 0 | 0 |
| IRS990/MissionDesc | 0 | TO PROVIDE FUNDING FOR THE PAYMENT OF POST-RETIREMENT LIFE INSURANCE BENEFITS AND HEALTH BENEFITS TO ELIGIBLE RETIREES OF NOKIA OF AMERICA CORPORATION. |
| IRS990/MoreThan5000KToIndividualsInd | 0 | 0 |
| IRS990/MoreThan5000KToOrgInd | 0 | 0 |
| IRS990/NetAssetsOrFundBalancesBOYAmt | 0 | 234315056 |
| IRS990/NetAssetsOrFundBalancesEOYAmt | 0 | 261210479 |
| IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt | 0 | 2094732 |
| IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt | 0 | 2094732 |
| IRS990/NetUnrelatedBusTxblIncmAmt | 0 | 0 |
| IRS990/NetUnrlzdGainsLossesInvstAmt | 0 | 21142282 |
| IRS990/NondeductibleContributionsInd | 0 | 0 |
| IRS990/OfficerMailingAddressInd | 0 | 1 |
| IRS990/OperateHospitalInd | 0 | 0 |
| IRS990/Organization501cInd | 0 | X |
| IRS990/OrgDoesNotFollowFASB117Ind | 0 | X |
| IRS990/OtherAssetsTotalGrp/BOYAmt | 0 | 8438 |
| IRS990/OtherAssetsTotalGrp/EOYAmt | 0 | 8707 |
| IRS990/OtherChangesInNetAssetsAmt | 0 | 0 |
| IRS990/OtherExpensesGrp/Desc | 0 | PREMIUM TAXES |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 0 | 781581 |
| IRS990/OtherExpensesGrp/TotalAmt | 0 | 781581 |
| IRS990/PartialLiquidationInd | 0 | 0 |
| IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt | 0 | 0 |
| IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt | 0 | 0 |
| IRS990/PoliticalCampaignActyInd | 0 | 0 |
| IRS990/PrincipalOfficerNm | 0 | NOKIA OF AMERICA CORPORAT |
| IRS990/ProfessionalFundraisingInd | 0 | 0 |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 0 | 525100 |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 1 | 525100 |
| IRS990/ProgramServiceRevenueGrp/Desc | 0 | RETIREE CONTRIBUTIONS |
| IRS990/ProgramServiceRevenueGrp/Desc | 1 | SPONSOR CONTRIBUTIONS |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 46417568 |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 1 | 40000000 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 0 | 46417568 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 1 | 40000000 |
| IRS990/ProhibitedTaxShelterTransInd | 0 | 0 |
| IRS990/PYBenefitsPaidToMembersAmt | 0 | 93770101 |
| IRS990/PYContributionsGrantsAmt | 0 | 0 |
| IRS990/PYGrantsAndSimilarPaidAmt | 0 | 0 |
| IRS990/PYInvestmentIncomeAmt | 0 | 3234039 |
| IRS990/PYOtherExpensesAmt | 0 | 1768797 |
| IRS990/PYOtherRevenueAmt | 0 | 0 |
| IRS990/PYProgramServiceRevenueAmt | 0 | 93879650 |
| IRS990/PYRevenuesLessExpensesAmt | 0 | 1563291 |
| IRS990/PYSalariesCompEmpBnftPaidAmt | 0 | 11500 |
| IRS990/PYTotalExpensesAmt | 0 | 95550398 |
| IRS990/PYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/PYTotalRevenueAmt | 0 | 97113689 |
| IRS990/QuidProQuoContributionsInd | 0 | 0 |
| IRS990/ReconcilationRevenueExpnssAmt | 0 | 5753141 |
| IRS990/RelatedEntityInd | 0 | 1 |
| IRS990/RelatedOrganizationCtrlEntInd | 0 | 0 |
| IRS990/ReportInvestmentsOtherSecInd | 0 | 0 |
| IRS990/ReportLandBuildingEquipmentInd | 0 | 0 |
| IRS990/ReportOtherAssetsInd | 0 | 0 |
| IRS990/ReportOtherLiabilitiesInd | 0 | 0 |
| IRS990/ReportProgramRelatedInvstInd | 0 | 0 |
| IRS990/RevenueAmt | 0 | 86417568 |
| IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt | 0 | 234315056 |
| IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt | 0 | 261210479 |
| IRS990/SavingsAndTempCashInvstGrp/BOYAmt | 0 | 55375 |
| IRS990/SavingsAndTempCashInvstGrp/EOYAmt | 0 | 161627 |
| IRS990/ScheduleBRequiredInd | 0 | 0 |
| IRS990/ScheduleJRequiredInd | 0 | 0 |
| IRS990/ScheduleORequiredInd | 0 | 1 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | THE TRUST IS A VOLUNTARY EMPLOYEE BENEFITS ASSOCIATION PURSUANT TO IRS SECTION 501(C)(9). NOKIA OF AMERICA CORPORATION (NOAC) (PART OF THE NOKIA GROUP), AS SETTLOR, PREVIOUSLY DESIGNATED NOKIA INVESTMENT MANAGEMENT CORPORATION (NIMCO), A "NAMED FIDUCIARY" WITH RESPECT TO THE TRUST AND RETAINED NIMCO TO PERFORM CERTAIN FIDUCIARY SERVICES WITH RESPECT TO THE TRUST UNTIL SEPTEMBER 30, 2024. EFFECTIVE OCTOBER 1, 2024, THE NOKIA PENSION AND BENEFIT INVESTMENT COMMITTEE (PBIC) REPLACED NIMCO AS THE "NAMED FIDUCIARY" OF THE PLAN WITH REGARD TO INVESTMENT MATTERS AND WITH AUTHORITY TO DIRECT THE TRUSTEE. ALSO EFFECTIVE OCTOBER 1, 2024, THE COMPANY APPOINTED MERCER INVESTMENTS LLC (MERCER) AS THE OUTSOURCED CHIEF INVESTMENT OFFICER AND FULLY-DISCRETIONARY INVESTMENT MANAGER (WITHIN THE MEANING OF ERISA 3(38)) AND FIDUCIARY WITH RESPECT TO THE PLAN'S ASSETS. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | NOKIA OF AMERICA CORPORATION AS SETTLOR OF THE TRUST HAS THE POWER TO APPOINT/TERMINATE THE TRUSTEE. PRIOR TO OCTOBER 1, 2024, NOKIA INVESTMENT MANAGEMENT CORPORATION AS NAMED FIDUCIARY OF THE TRUST ALSO HAD THE POWER TO APPOINT/TERMINATE THE TRUSTEE. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | TRUSTEE IS SUBJECT TO DIRECTION FROM NOKIA OF AMERICA CORPORATION (SETTLOR). PRIOR TO OCTOBER 1, 2024, THE TRUSTEE WAS ALSO SUBJECT TO DIRECTION FROM NOKIA INVESTMENT MANAGEMENT CORPORATION (NAMED FIDUCIARY) AND APPOINTED INVESTMENT MANAGERS. EFFECTIVE OCTOBER 1, 2024, THE TRUSTEE WAS ALSO SUBJECT TO DIRECTION FROM CERTAIN EMPLOYEES OF NOAC PURSUANT TO DELEGATION FROM THE PBIC, AS WELL AS APPOINTED INVESTMENT MANAGERS. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | 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/ExplanationTxt | 4 | 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/ExplanationTxt | 5 | THE FORM 990 IS SENT TO THE TRUSTEE FOR AUTHORIZATION AND SIGNATURE PRIOR TO BEING FILED. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 6 | UPON REQUEST, THE TRUST AGREEMENT IS MADE AVAILABLE TO PLAN PARTICIPANTS. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 7 | THE TRUST HAS NO EMPLOYEES. ACCORDINGLY, THERE ARE NO SUCH POLICIES IN PLACE RELATED TO EMPLOYEE COMPENSATION. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 8 | THE INSTITUTIONAL TRUSTEE CANNOT BE REACHED AT THE ORGANIZATION'S MAILING ADDRESS. THEIR MAILING ADDRESS IS: BANK OF NEW YORK 135 SANTILLI HIGHWAY EVERETT, MA 02149 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 9 | AVERAGE HOURS PER WEEK OF TRUSTEE AS TRUSTEE, THE BANK OF NEW YORK 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/FormAndLineReferenceDesc | 0 | FORM 990, PART VI, SECTION A, LINE 3 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990, PART VI, SECTION A, LINE 7A |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990, PART VI, SECTION A, LINE 7B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990, PART VI, SECTION A, LINE 8A |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | FORM 990, PART VI, SECTION A, LINE 8B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 5 | FORM 990, PART VI, SECTION B, LINE 11B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 6 | FORM 990, PART VI, SECTION C, LINE 19 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 7 | FORM 990, PART VI, SECTION B, QUESTIONS 12-15 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 8 | FORM 990, PART VI, QUESTION 9 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 9 | FORM 990, PART VII, SECTION A LINE 1A(1) COL B |
| IRS990ScheduleR/AssetExchangeInd | 0 | 0 |
| IRS990ScheduleR/AssetPurchaseFromOtherOrgInd | 0 | 0 |
| IRS990ScheduleR/AssetSaleToOtherOrgInd | 0 | 0 |
| IRS990ScheduleR/DivRelatedOrganizationInd | 0 | 0 |
| IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd | 0 | 1 |
| IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd | 0 | 0 |
| IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd | 0 | 0 |
| IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingNACd | 0 | N/A |
| IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EIN | 0 | 223408857 |
| IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt | 0 | C |
| IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd | 0 | DE |
| IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt | 0 | TELECOMMUNICATIONS |
| IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt | 0 | NOKIA OF AMERICA CORPORATION |
| IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/AddressLine1Txt | 0 | 600 MOUNTAIN AVENUE |
| IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/CityNm | 0 | MURRAY HILL |
| IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/StateAbbreviationCd | 0 | NJ |
| IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/ZIPCd | 0 | 07974 |
| IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd | 0 | 0 |
| IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd | 0 | 0 |
| IRS990ScheduleR/PaidEmployeesSharingInd | 0 | 1 |
| IRS990ScheduleR/PerformOfServicesByOtherOrgInd | 0 | 0 |
| IRS990ScheduleR/PerformOfServicesForOthOrgInd | 0 | 0 |
| IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd | 0 | 0 |
| IRS990ScheduleR/ReimbursementPaidByOtherOrgInd | 0 | 0 |
| IRS990ScheduleR/ReimbursementPaidToOtherOrgInd | 0 | 0 |
| IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd | 0 | 0 |
| IRS990ScheduleR/RentalOfFcltsFromOthOrgInd | 0 | 0 |
| IRS990ScheduleR/SharingOfFacilitiesInd | 0 | 1 |
| IRS990ScheduleR/TransferFromOtherOrgInd | 0 | 0 |
| IRS990ScheduleR/TransferToOtherOrgInd | 0 | 1 |
| IRS990/SchoolOperatingInd | 0 | 0 |
| IRS990/SignificantChangeInd | 0 | 0 |
| IRS990/SignificantNewProgramSrvcInd | 0 | 0 |
| IRS990/SubjectToExcsTaxNetInvstIncInd | 0 | 0 |
| IRS990/SubjectToProxyTaxInd | 0 | 0 |
| IRS990/SubjToTaxRmnrtnExPrchtPymtInd | 0 | 0 |
| IRS990/TaxablePartyNotificationInd | 0 | 0 |
| IRS990/TaxExemptBondsInd | 0 | 0 |
| IRS990/TerminateOperationsInd | 0 | 0 |
| IRS990/TotalAssetsBOYAmt | 0 | 234500318 |
| IRS990/TotalAssetsEOYAmt | 0 | 261427729 |
| IRS990/TotalAssetsGrp/BOYAmt | 0 | 234500318 |
| IRS990/TotalAssetsGrp/EOYAmt | 0 | 261427729 |
| IRS990/TotalCompGreaterThan150KInd | 0 | 0 |
| IRS990/TotalEmployeeCnt | 0 | 0 |
| IRS990/TotalFunctionalExpensesGrp/FundraisingAmt | 0 | 0 |
| IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt | 0 | 1715611 |
| IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt | 0 | 84422220 |
| IRS990/TotalFunctionalExpensesGrp/TotalAmt | 0 | 86137831 |
| IRS990/TotalGrossUBIAmt | 0 | 0 |
| IRS990/TotalLiabilitiesBOYAmt | 0 | 185262 |
| IRS990/TotalLiabilitiesEOYAmt | 0 | 217250 |
| IRS990/TotalLiabilitiesGrp/BOYAmt | 0 | 185262 |
| IRS990/TotalLiabilitiesGrp/EOYAmt | 0 | 217250 |
| IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt | 0 | 234315056 |
| IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt | 0 | 261210479 |
| IRS990/TotalOtherCompensationAmt | 0 | 0 |
| IRS990/TotalProgramServiceExpensesAmt | 0 | 84422220 |
| IRS990/TotalProgramServiceRevenueAmt | 0 | 86417568 |
| IRS990/TotalReportableCompFromOrgAmt | 0 | 11500 |
| IRS990/TotalRevenueGrp/ExclusionAmt | 0 | 5473404 |
| IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 86417568 |
| IRS990/TotalRevenueGrp/TotalRevenueColumnAmt | 0 | 91890972 |
| IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt | 0 | 0 |
| IRS990/TotalVolunteersCnt | 0 | 0 |
| IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt | 0 | 234500318 |
| IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt | 0 | 261427729 |
| IRS990/TotReportableCompRltdOrgAmt | 0 | 0 |
| IRS990/TypeOfOrganizationTrustInd | 0 | X |
| IRS990/UnrelatedBusIncmOverLimitInd | 0 | 0 |
| IRS990/UponRequestInd | 0 | X |
| IRS990/USAddress/AddressLine1Txt | 0 | 600 MOUNTAIN AVENUE |
| IRS990/USAddress/CityNm | 0 | MURRAY HILL |
| IRS990/USAddress/StateAbbreviationCd | 0 | NJ |
| IRS990/USAddress/ZIPCd | 0 | 07974 |
| IRS990/VotingMembersGoverningBodyCnt | 0 | 0 |
| IRS990/VotingMembersIndependentCnt | 0 | 0 |
| IRS990/WebsiteAddressTxt | 0 | N/A |
| IRS990/WhistleblowerPolicyInd | 0 | 0 |
| ReturnHeader/BuildTS | 0 | 2025-03-06 01:10:19Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | 1 |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | KENNETH B HAMPE |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | HEAD OF GLOBAL PENSIONS |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 9087239869 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2025-05-11 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | LUCENT TECH INC POST RETIREMENT WELFARE |
| ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt | 0 | BENEFITS TRUST FOR REPRESENTED EMPLOYEES |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | LUCE |
| ReturnHeader/Filer/EIN | 0 | 223463671 |
| ReturnHeader/Filer/PhoneNum | 0 | 9087239869 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 600 MOUNTAIN AVENUE |
| ReturnHeader/Filer/USAddress/CityNm | 0 | MURRAY HILL |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | NJ |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 07974 |
| ReturnHeader/IRSResponsiblePrtyInfoCurrInd | 0 | 0 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 861065772 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | DELOITTE TAX LLP |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 30 ROCKEFELLER PLAZA |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | NEW YORK |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | NY |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 101120015 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 2124924000 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | JEFFREY CALABRO |
| ReturnHeader/ReturnTs | 0 | 2025-05-12T02:14:24-05:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990 |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2024-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2024-12-31 |
| ReturnHeader/TaxYr | 0 | 2024 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2024 • Form 990Detailed filing. Detailed filing data is available for this year.
- Assets
- $261,427,729
- Liabilities
- $217,250
- Net assets
- $261,210,479
- Revenue
- $91,890,972
- Expenses
- $86,137,831
- Net income
- $5,753,141