Civic Intelligence

Dominion Energy Inc Salaried Employee

EIN 25-1845853 • 501(c)9 • New York, NY

Profile

To provide benefits to eligible members.

C/O Bnym 240 Greenwich StreetNew York, NY 10286

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

18th percentile

0.00x

Higher debt load relative to assets than 18% of similar nonprofits.

501(c)9 • $50M-$100M nonprofits • Source year 2024

Liabilities / Revenue

23rd percentile

0.00x

Higher debt load relative to revenue than 23% of similar nonprofits.

501(c)9 • $50M-$100M nonprofits • Source year 2024

Net Margin

90th percentile

41%

Higher net margin than 90% of similar nonprofits.

501(c)9 • $50M-$100M nonprofits • Source year 2024

Top Officer Pay

53rd percentile

$23,039

Higher top officer pay than 53% of similar nonprofits.

Top officer pay equals 0.2% of source-year revenue.

501(c)9 • $50M-$100M nonprofits • Source year 2024

Asset Growth

39th percentile

3.5%

Faster asset growth than 39% of similar nonprofits.

501(c)9 • $50M-$100M nonprofits • Annualized from 2023 to 2024

Revenue Growth

97th percentile

144%

Faster revenue growth than 97% of similar nonprofits.

501(c)9 • $50M-$100M nonprofits • Annualized from 2023 to 2024

Assets

Up

$82,171,316

Up $2,812,888 (+3.5%) from 2023

Liabilities

Up

$12,210

Up $12,210 from 2023

Net Assets

Up

$82,159,106

Up $2,800,678 (+3.5%) from 2023

Revenue

Up

$10,628,595

Up $6,280,283 (+144%) from 2023

Expenses

Down

$6,271,705

Down $2,966,549 (-32%) from 2023

Net Income

Up

$4,356,890

Up $9,246,832 (+189%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$150M$100M$50M$0Assets 2011: $76,070,465Liabilities 2011: $0Net Assets 2011: $76,070,4652011Assets 2012: $81,451,386Liabilities 2012: $0Net Assets 2012: $81,451,3862012Assets 2013: $89,469,742Liabilities 2013: $0Net Assets 2013: $89,469,7422013Assets 2014: $88,503,871Liabilities 2014: $0Net Assets 2014: $88,503,8712014Assets 2015: $82,018,374Liabilities 2015: $0Net Assets 2015: $82,018,3742015Assets 2016: $84,061,203Liabilities 2016: $0Net Assets 2016: $84,061,2032016Assets 2017: $90,962,438Liabilities 2017: $0Net Assets 2017: $90,962,4382017Assets 2018: $81,748,807Liabilities 2018: $0Net Assets 2018: $81,748,8072018Assets 2019: $92,132,083Liabilities 2019: $0Net Assets 2019: $92,132,0832019Assets 2020: $98,308,745Liabilities 2020: $0Net Assets 2020: $98,308,7452020Assets 2021: $100,701,632Liabilities 2021: $0Net Assets 2021: $100,701,6322021Assets 2022: $77,533,859Liabilities 2022: $0Net Assets 2022: $77,533,8592022Assets 2023: $79,358,428Liabilities 2023: $0Net Assets 2023: $79,358,4282023Assets 2024: $82,171,316Liabilities 2024: $12,210Net Assets 2024: $82,159,1062024

Highlighted filing

2024

Assets$82,171,316
Liabilities$12,210
Net Assets$82,159,106

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$30M$20M$10M$0-$10MExpenses 2011: $3,841,7812011Expenses 2012: $3,990,2532012Revenue 2013: $5,874,896Expenses 2013: $4,122,575Net Income 2013: $1,752,3212013Revenue 2014: $8,508,397Expenses 2014: $8,635,848Net Income 2014: -$127,4512014Revenue 2015: $8,465,570Expenses 2015: $7,600,484Net Income 2015: $865,0862015Revenue 2016: $3,679,810Expenses 2016: $5,688,259Net Income 2016: -$2,008,4492016Revenue 2017: $10,006,718Expenses 2017: $5,477,733Net Income 2017: $4,528,9852017Revenue 2018: $9,289,455Expenses 2018: $6,136,248Net Income 2018: $3,153,2072018Revenue 2019: $7,707,843Expenses 2019: $6,882,137Net Income 2019: $825,7062019Revenue 2020: $7,627,084Expenses 2020: $8,402,027Net Income 2020: -$774,9432020Revenue 2021: $20,639,431Expenses 2021: $12,841,379Net Income 2021: $7,798,0522021Revenue 2022: $6,219,295Expenses 2022: $11,393,546Net Income 2022: -$5,174,2512022Revenue 2023: $4,348,312Expenses 2023: $9,238,254Net Income 2023: -$4,889,9422023Revenue 2024: $10,628,595Expenses 2024: $6,271,705Net Income 2024: $4,356,8902024

Highlighted filing

2024

Revenue$10,628,595
Expenses$6,271,705
Net Income$4,356,890

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$82.2$0.01$82.2$10.6$6.27$4.36
2023Detailed filing. Detailed filing data is available for this year.$79.4$0.00$79.4$4.35$9.24$4.89
2022Detailed filing. Detailed filing data is available for this year.$77.5$0.00$77.5$6.22$11.4$5.17
2021Detailed filing. Detailed filing data is available for this year.$101$0.00$101$20.6$12.8$7.80
2020Detailed filing. Detailed filing data is available for this year.$98.3$0.00$98.3$7.63$8.40$0.77
2019Detailed filing. Detailed filing data is available for this year.$92.1$0.00$92.1$7.71$6.88$0.83
2018Detailed filing. Detailed filing data is available for this year.$81.7$0.00$81.7$9.29$6.14$3.15
2017Detailed filing. Detailed filing data is available for this year.$91.0$0.00$91.0$10.0$5.48$4.53
2016Detailed filing. Detailed filing data is available for this year.$84.1$0.00$84.1$3.68$5.69$2.01
2015Detailed filing. Detailed filing data is available for this year.$82.0$0.00$82.0$8.47$7.60$0.87
2014Detailed filing. Detailed filing data is available for this year.$88.5$0.00$88.5$8.51$8.64$0.13
2013Detailed filing. Detailed filing data is available for this year.$89.5$0.00$89.5$5.87$4.12$1.75
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$81.5$0.00$81.5$3.99
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$76.1$0.00$76.1$3.84
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 12, 2025
Return Version
2024v5.2
Gross Receipts
$29,228,787
Mission and Program Overview

Mission

To provide benefits to eligible members.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cap Stk Tr Prin Current Funds$79,358,428$82,159,106▲ $2,800,678
Investments Other Securities$75,531,963$79,112,564▲ $3,580,601
Savings and Temporary Cash Investments$3,826,465$2,225,802▼ $1,600,663
Accounts Receivable$0$72,759▲ $72,759
Cash and Non-Interest-Bearing Accounts$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 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$79,358,428$82,171,316▲ $2,812,888
Other Assets Total$0$760,191▲ $760,191
Liabilities
Accounts Payable and Accrued Expenses$0$12,210▲ $12,210
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$12,210▲ $12,210
Net Assets / Fund Balance
Total Net Assets Fund Balance$79,358,428$82,159,106▲ $2,800,678
Total Liabilities and Net Assets / Fund Balance$79,358,428$82,171,316▲ $2,812,888

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$6,494,498--
Compensation and Service Providers

Employees

NameTitleBaseTotal
Bank of New York MellonTRUSTEE (See Schedule O)$23,039$23,039

Highest Paid Contractors

ContractorServicesLocationCompensation
Ernst Young US LLPAccounting Fees2100 ONE PPG PLACE, Pittsburgh, PA 15222$113,735
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$8,754,678
Other Revenue
$1,873,917
Change in Net Assets
$4,356,890
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$705,968
Salaries, Compensation, and Employee Benefits$23,039
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Benefits to Members---$5,542,698
Fees for Service Investment Mgmnt Fees---$191,052
Fees for Services Accounting---$124,913
Other Expenses---$28,699
Current Officers, Directors, Trustees, and Key Employees---$23,039
Fees for Services Other---$6,478
All Other Expenses---$3,522
Total Functional Expenses$0$0$0$6,271,705
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
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Lines 1A & 1B

Bank of new york mellon serves as the sole directed trustee of this trust. The plan sponsor is dominion energy, 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, Section B, Line 11B

No review was or will be conducted.

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, it does not have employees and therefore, has no processes related to employee compensation.

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 OF THE ORGANIZATION, BANK OF NEW YORK MELLON PROVIDED ADMINISTRATIVE SERVICES SUCH AS ACTING AS INVESTMENT MANAGER FOR Dominion Resources, Inc Salaried Employee Life Insurance VEBA. THESE SERVICES REQUIRED NUMEROUS INDIVIDUAL BANK EMPLOYEES' INVOLVEMENT IN THE ACTIVITIES OF THE ORGANIZATION AND THUS CANNOT BE QUANTIFIED ON AN HOURLY BASIS, BUT ARE CALCULATED BASED UPON FACTORS SUCH AS THE MARKET VALUE OF THE ACCOUNT AND IN ACCORDANCE WITH BANK OF NEW YORK MELLON'S AGREEMENT WITH DOMINION ENERGY, INC.

Filing and Contact Details

Filer

Filer Name
Dominion Energy Inc Salaried Employee
EIN
25-1845853
In Care Of
% THE BANK OF NEW YORK MELLON
Phone
8046255516
Address
C/O BNYM 240 GREENWICH STREET, NEW YORK, NY 10286

Signing Officer

Name
Stephen Cordo
Title
The Bank of New York Mellon, Solely
Phone
8046255516
Signed
2025-11-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ahn Luu
Formed
1994
Legal Domicile
Va
Voting Board Members
1
Independent Board Members
0
Employees
0
Volunteers
0

Preparer

Firm
Ernst & Young US Llp
Address
2100 ONE PPG PLACE, PITTSBURGH, PA 15222
Preparer
Eileen M Webb
Phone
4126447800
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

PARTNERSHIP INCOME & EXPENSE ADJUSTMENT: ($1,473,312) Total: ($1,473,312)

Form 990, Part XII, Line 1

MODIFIED CASH BASIS

Raw XML AppendixShowing 400 of 410 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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IRS990/PYOtherRevenueAmt0706542
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IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt131307358
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt26494498
IRS990ScheduleD/OtherSecuritiesGrp/Desc0EQUITY
IRS990ScheduleD/OtherSecuritiesGrp/Desc1FIXED INCOME SECURITIES
IRS990ScheduleD/OtherSecuritiesGrp/Desc2PRIVATE EQUITY
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IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd1F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd2F
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0BANK OF NEW YORK MELLON SERVES AS THE SOLE DIRECTED TRUSTEE OF THIS TRUST. THE PLAN SPONSOR IS DOMINION ENERGY, 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1No review was or will be conducted.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THESE QUESTIONS ARE NOT APPLICABLE TO THIS ORGANIZATION, AS IT IS A 501(C)(9) TRUST (VOLUNTARY EMPLOYEE BENEFITS ASSOCIATION). ADDITIONALLY, IT DOES NOT HAVE EMPLOYEES AND THEREFORE, HAS NO PROCESSES RELATED TO EMPLOYEE COMPENSATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3AS A 501(C)(9) ORGANIZATION THE TRUST IS NOT REQUIRED TO MAKE THE DOCUMENTS REFERENCED IN QUESTION 19 AVAILABLE TO THE GENERAL PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4AVERAGE HOURS PER WEEK DEVOTED TO POSITION: AS TRUSTEE OF THE ORGANIZATION, BANK OF NEW YORK MELLON PROVIDED ADMINISTRATIVE SERVICES SUCH AS ACTING AS INVESTMENT MANAGER FOR Dominion Resources, Inc Salaried Employee Life Insurance VEBA. THESE SERVICES REQUIRED NUMEROUS INDIVIDUAL BANK EMPLOYEES' INVOLVEMENT IN THE ACTIVITIES OF THE ORGANIZATION AND THUS CANNOT BE QUANTIFIED ON AN HOURLY BASIS, BUT ARE CALCULATED BASED UPON FACTORS SUCH AS THE MARKET VALUE OF THE ACCOUNT AND IN ACCORDANCE WITH BANK OF NEW YORK MELLON'S AGREEMENT WITH DOMINION ENERGY, INC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5PARTNERSHIP INCOME & EXPENSE ADJUSTMENT: ($1,473,312) Total: ($1,473,312)
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6MODIFIED CASH BASIS
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINES 1A & 1B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTIONS A & B, LINES 8, 12 - 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VII, SECTION A, LINE 1A COLUMN (B)
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XI, LINE 9
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART XII, LINE 1
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IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt0C Corp
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IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/OwnershipPct00.00000
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt0Utilities
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt0Dominion Energy Inc
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ShareOfEOYAssetsAmt00
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ShareOfTotalIncomeAmt00
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/AddressLine1Txt0120 Tredegar Street
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/CityNm0Richmond
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/StateAbbreviationCd0VA
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/ZIPCd023219
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IRS990/USAddress/AddressLine1Txt0C/O BNYM 240 GREENWICH STREET
IRS990/USAddress/CityNm0NEW YORK
IRS990/USAddress/StateAbbreviationCd0IL
IRS990/USAddress/ZIPCd010286
IRS990/VotingMembersGoverningBodyCnt01
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IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Stephen Cordo
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0THE BANK OF NEW YORK MELLON, SOLELY
ReturnHeader/BusinessOfficerGrp/PhoneNum08046255516
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-11-12
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0DOMINION ENERGY INC SALARIED EMPLOYEE
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0LIFE INSURANCE VEBA Trust
ReturnHeader/Filer/BusinessNameControlTxt0DOMI
ReturnHeader/Filer/EIN0251845853
ReturnHeader/Filer/InCareOfNm0% THE BANK OF NEW YORK MELLON
ReturnHeader/Filer/PhoneNum08046255516
ReturnHeader/Filer/USAddress/AddressLine1Txt0C/O BNYM 240 GREENWICH STREET
ReturnHeader/Filer/USAddress/CityNm0NEW YORK
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd010286
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0ERNST & YOUNG US LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02100 ONE PPG PLACE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0PITTSBURGH

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