Liabilities / Assets
18th percentile
Higher debt load relative to assets than 18% of similar nonprofits.
EIN 25-1845853 • 501(c)9 • New York, NY
Profile
To provide benefits to eligible members.
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
Liabilities / Assets
18th percentile
Higher debt load relative to assets than 18% of similar nonprofits.
Liabilities / Revenue
23rd percentile
Higher debt load relative to revenue than 23% of similar nonprofits.
Net Margin
90th percentile
Higher net margin than 90% of similar nonprofits.
Top Officer Pay
53rd percentile
Higher top officer pay than 53% of similar nonprofits.
Top officer pay equals 0.2% of source-year revenue.
Asset Growth
39th percentile
Faster asset growth than 39% of similar nonprofits.
Revenue Growth
97th percentile
Faster revenue growth than 97% of similar nonprofits.
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
Most recent year
2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.
To provide benefits to eligible members.
| Line | Beginning | End | Change |
|---|---|---|---|
| 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 | Book Value | Depreciation | Basis |
|---|---|---|---|
| Other Securities | $6,494,498 | - | - |
| Name | Title | Base | Total |
|---|---|---|---|
| Bank of New York Mellon | TRUSTEE (See Schedule O) | $23,039 | $23,039 |
| Contractor | Services | Location | Compensation |
|---|---|---|---|
| Ernst Young US LLP | Accounting Fees | 2100 ONE PPG PLACE, Pittsburgh, PA 15222 | $113,735 |
| Line Item | Amount |
|---|---|
| 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 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| 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 |
| Line Item | Amount |
|---|---|
| Fundraising Direct Expenses | $0 |
| Fundraising Gross Income | $0 |
| Gaming Direct Expenses | $0 |
| Gaming Gross Income | $0 |
| Professional Fundraising Fees | $0 |
| Line Item | Beginning | End | Change |
|---|---|---|---|
| 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 |
“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.”
“No review was or will be conducted.”
“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.”
“As a 501(c)(9) organization the trust is not required to make the documents referenced in question 19 available to the general public.”
“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.”
“PARTNERSHIP INCOME & EXPENSE ADJUSTMENT: ($1,473,312) Total: ($1,473,312)”
“MODIFIED CASH BASIS”
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/ReconcilationRevenueExpnssAmt | 0 | 4356890 |
| IRS990/RelatedEntityInd | 0 | true |
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| IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt | 2 | 6494498 |
| IRS990ScheduleD/OtherSecuritiesGrp/Desc | 0 | EQUITY |
| IRS990ScheduleD/OtherSecuritiesGrp/Desc | 1 | FIXED INCOME SECURITIES |
| IRS990ScheduleD/OtherSecuritiesGrp/Desc | 2 | PRIVATE EQUITY |
| IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd | 0 | F |
| IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd | 1 | F |
| IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd | 2 | F |
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| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | 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. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | No review was or will be conducted. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | 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. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | AS 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/ExplanationTxt | 4 | 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. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 5 | PARTNERSHIP INCOME & EXPENSE ADJUSTMENT: ($1,473,312) Total: ($1,473,312) |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 6 | MODIFIED CASH BASIS |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990, PART VI, SECTION A, LINES 1A & 1B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990, PART VI, SECTION B, LINE 11B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990, PART VI, SECTIONS A & B, LINES 8, 12 - 15 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990, PART VI, SECTION C, LINE 19 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | FORM 990, PART VII, SECTION A, LINE 1A COLUMN (B) |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 5 | FORM 990, PART XI, LINE 9 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 6 | FORM 990, PART XII, LINE 1 |
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| IRS990/WebsiteAddressTxt | 0 | N/A |
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| ReturnHeader/BuildTS | 0 | 2025-03-06 01:10:19Z |
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| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | Stephen Cordo |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | THE BANK OF NEW YORK MELLON, SOLELY |
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| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2025-11-12 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | DOMINION ENERGY INC SALARIED EMPLOYEE |
| ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt | 0 | LIFE INSURANCE VEBA Trust |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | DOMI |
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| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 2100 ONE PPG PLACE |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | PITTSBURGH |
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