Civic Intelligence

Duquesne Light Post Retirement Veba

990 • Fiscal year 2013 • EIN 26-6639634

Jan 01, 2013 to Dec 31, 2013 • Filed on Nov 17, 2014

C/O The Bnym PO Box 535007Suite15253-5007

(412) 236-7175

Siviq Scores

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

Liabilities / Assets

23rd percentile

0.00x

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

2013 filings • 501(c)9 • $5M-$10M nonprofits • Source year 2013

Liabilities / Revenue

25th percentile

0.00x

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

2013 filings • 501(c)9 • $5M-$10M nonprofits • Source year 2013

Net Margin

17th percentile

-15%

Higher net margin than 17% of similar nonprofits.

2013 filings • 501(c)9 • $5M-$10M nonprofits • Source year 2013

Top Officer Pay

64th percentile

$16,458

Higher top officer pay than 64% of similar nonprofits.

Top officer pay equals 0.3% of source-year revenue.

2013 filings • 501(c)9 • $5M-$10M nonprofits • Source year 2013

Asset Growth

21st percentile

-7.3%

Faster asset growth than 21% of similar nonprofits.

2013 filings • 501(c)9 • $5M-$10M nonprofits • Annualized from 2012 to 2013

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2013

Assets

Down

$4,425,268

Down $349,082 (-7.3%) from 2012

Net Assets

Down

$4,425,268

Down $349,082 (-7.3%) from 2012

Liabilities

Flat

$0

Flat from 2012

Revenue

$5,632,483

No earlier filing loaded for comparison.

Expenses

Up

$6,457,595

Up $818,386 (+15%) from 2012

Net Income

-$825,112

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0Assets 2011: $4,670,336Liabilities 2011: $0Net Assets 2011: $4,670,3362011Assets 2012: $4,774,350Liabilities 2012: $0Net Assets 2012: $4,774,3502012Assets 2013: $4,425,268Liabilities 2013: $0Net Assets 2013: $4,425,2682013Assets 2014: $2,553,727Liabilities 2014: $0Net Assets 2014: $2,553,7272014Assets 2015: $1,839,894Liabilities 2015: $0Net Assets 2015: $1,839,8942015Assets 2016: $16,874Liabilities 2016: $0Net Assets 2016: $16,8742016Assets 2017: $13,644Liabilities 2017: $0Net Assets 2017: $13,6442017Assets 2018: $9,055Liabilities 2018: $0Net Assets 2018: $9,0552018Assets 2019: $15,976Liabilities 2019: $0Net Assets 2019: $15,9762019Assets 2020: $15,994Liabilities 2020: $0Net Assets 2020: $15,9942020Assets 2021: $14,053Liabilities 2021: $0Net Assets 2021: $14,0532021Assets 2022: $11,871Liabilities 2022: $0Net Assets 2022: $11,8712022Assets 2023: $7,812Liabilities 2023: $0Net Assets 2023: $7,8122023Assets 2024: $8,212Liabilities 2024: $0Net Assets 2024: $8,2122024

Highlighted filing

2013

Assets$4,425,268
Liabilities$0
Net Assets$4,425,268

Operations Trend

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

$10M$5.0M$0-$5.0MExpenses 2011: $5,307,2462011Expenses 2012: $5,639,2092012Revenue 2013: $5,632,483Expenses 2013: $6,457,595Net Income 2013: -$825,1122013Revenue 2014: $5,313,735Expenses 2014: $6,946,316Net Income 2014: -$1,632,5812014Revenue 2015: $2,356,488Expenses 2015: $2,886,031Net Income 2015: -$529,5432015Revenue 2016: $5,234,407Expenses 2016: $6,770,649Net Income 2016: -$1,536,2422016Revenue 2017: $3,951,109Expenses 2017: $3,954,339Net Income 2017: -$3,2302017Revenue 2018: $1,644,117Expenses 2018: $1,648,706Net Income 2018: -$4,5892018Revenue 2019: $20,191Expenses 2019: $13,270Net Income 2019: $6,9212019Revenue 2020: $58Expenses 2020: $40Net Income 2020: $182020Revenue 2021: $1Expenses 2021: $1,942Net Income 2021: -$1,9412021Revenue 2022: $173Expenses 2022: $2,355Net Income 2022: -$2,1822022Revenue 2023: $480Expenses 2023: $4,539Net Income 2023: -$4,0592023Revenue 2024: $4002024

Highlighted filing

2013

Revenue$5,632,483
Expenses$6,457,595
Net Income-$825,112
Jump To
Filing Snapshot
Filing Period
Jan 1, 2013 to Dec 31, 2013
Signed
Nov 17, 2014
Return Version
2013v3.1
Gross Receipts
$6,564,602
Mission and Program Overview

Mission

Provide benefits to eligible members.

Provide benefits to eligible members

Balance Sheet Detail
LineBeginningEndChange
Assets
Cap Stk Tr Prin Current Funds$4,774,350$4,425,268▼ $349,082
Investments in Publicly Traded Securities$2,820,317$2,839,457▲ $19,140
Investments Other Securities$1,926,489$1,548,516▼ $377,973
Savings and Temporary Cash Investments$27,544$37,295▲ $9,751
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 Program Related$0$0→ $0
Land, Buildings, and Equipment, Net$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$4,774,350$4,425,268▼ $349,082
Other Assets Total$0$0→ $0
Liabilities
Accounts Payable and Accrued Expenses$0$0→ $0
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$4,774,350$4,425,268▼ $349,082
Total Liabilities and Net Assets / Fund Balance$4,774,350$4,425,268▼ $349,082

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$1,548,516--
Compensation and Service Providers

Employees

NameTitleBaseTotal
The Bank of New York MellonTrustee (see Schedule O)$16,458$16,458
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$5,427,672
Investment Income
$201,063
Other Revenue
$3,748
Change in Net Assets
$-825,112
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$21,973
Salaries, Compensation, and Employee Benefits$16,458
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Benefits to Members---$6,419,164
Current Officers, Directors, Trustees, and Key Employees---$16,458
Other Expenses---$673
Total Functional Expenses$0$0$0$6,457,595
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
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 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 & B

The bank of new york mellon serves as the sole directed trustee of this trust. The plan sponsor is the duquesne light company. The trust is administered by the duquesne light company 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, Sections A & B, Lines 8, 12 & 15

These questions are not applicable to the trust. Additionally, the trust does not have any employees, therefore, no processes related to employee compensation are in place.

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

A complete electronic copy of the organization's Form 990 was provided to the Trustee for review prior to filing with the IRS.

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, the bank of new york mellon provides administrative services such as acting as investment manager for duquesne light post retirement veba. These services require numerous individual employees' involvement in the activities of the organization and thus cannot be quantified on an hourly basis. Therefore, the trustee's fees are not based upon an hourly basis, but are calculated based upon factors such as the market value of the account and in accordance with the bank of new york mellon's agreement with duquesne light company (plan sponsor).

Filing and Contact Details

Filer

EIN
26-6639634
In Care Of
% THE BANK OF NEW YORK MELLON
Phone
4122367175

Signing Officer

Name
Brent Heintzelman
Title
VP Bnym, as Trustee
Phone
4122367175
Signed
2014-11-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
The Bank of New York Mellon
Formed
2008
Legal Domicile
Pa
Voting Board Members
1
Independent Board Members
0
Employees
0
Volunteers
0

Preparer

Preparer
Jennifer L Lynch
Phone
4122367175
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 1

MODIFIED CASH BASIS

Raw XML Appendix365 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE BANK OF NEW YORK MELLON SERVES AS THE SOLE DIRECTED TRUSTEE OF THIS TRUST. THE PLAN SPONSOR IS THE DUQUESNE LIGHT COMPANY. THE TRUST IS ADMINISTERED BY THE DUQUESNE LIGHT COMPANY IN ACCORDANCE WITH THE TERMS OF THE TRUST AGREEMENT. AS SUCH THE VEBA DOES NOT HAVE A GOVERNING BODY THAT EXERCISES DISCRETION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THESE QUESTIONS ARE NOT APPLICABLE TO THE TRUST. ADDITIONALLY, THE TRUST DOES NOT HAVE ANY EMPLOYEES, THEREFORE, NO PROCESSES RELATED TO EMPLOYEE COMPENSATION ARE IN PLACE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2A complete electronic copy of the organization's Form 990 was provided to the Trustee for review prior to filing with the IRS.
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, THE BANK OF NEW YORK MELLON PROVIDES ADMINISTRATIVE SERVICES SUCH AS ACTING AS INVESTMENT MANAGER FOR DUQUESNE LIGHT POST RETIREMENT VEBA. THESE SERVICES REQUIRE NUMEROUS INDIVIDUAL EMPLOYEES' INVOLVEMENT IN THE ACTIVITIES OF THE ORGANIZATION AND THUS CANNOT BE QUANTIFIED ON AN HOURLY BASIS. THEREFORE, THE TRUSTEE'S FEES ARE NOT BASED UPON AN HOURLY BASIS, BUT ARE CALCULATED BASED UPON FACTORS SUCH AS THE MARKET VALUE OF THE ACCOUNT AND IN ACCORDANCE WITH THE BANK OF NEW YORK MELLON'S AGREEMENT WITH DUQUESNE LIGHT COMPANY (PLAN SPONSOR).
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5MODIFIED CASH BASIS
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINES 1A & B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTIONS A & B, LINES 8, 12 & 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11B
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 XII, LINE 1
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingEntityName/BusinessNameLine10NA
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt0C CORP
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd0PA
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt0ENERGY
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine10DUQUESNE LIGHT COMPANY
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/AddressLine10411 Seventh Avenue 16-1
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/City0Pittsburgh
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/State0PA
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/ZIPCode015219
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0false
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0false
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0false
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0false
IRS990ScheduleR/TransferFromOtherOrgInd0true
IRS990ScheduleR/TransferToOtherOrgInd0false
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondLiabilitiesGrp/BOYAmt00
IRS990/TaxExemptBondLiabilitiesGrp/EOYAmt00
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt04774350
IRS990/TotalAssetsEOYAmt04425268
IRS990/TotalAssetsGrp/BOYAmt04774350
IRS990/TotalAssetsGrp/EOYAmt04425268
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt06457595
IRS990/TotalGrossUBIAmt064265
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt04774350
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt04425268
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceRevenueAmt05427672
IRS990/TotalReportableCompFromOrgAmt016458
IRS990/TotalRevenueGrp/ExclusionAmt0140546
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt05427672
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt05632483
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt064265
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt04774350
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt04425268
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/TotalAmt00
IRS990/TypeOfOrganizationTrustInd0X
IRS990/UnrelatedBusIncmOverLimitInd0true
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt00
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine10PO BOX 535007
IRS990/USAddress/City0PITTSBURGH
IRS990/USAddress/State0PA
IRS990/USAddress/ZIPCode0152535007
IRS990/VotingMembersGoverningBodyCnt01
IRS990/VotingMembersIndependentCnt00
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02015-11-30 17:44:51Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0BRENT HEINTZELMAN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0VP BNYM, AS TRUSTEE
ReturnHeader/BusinessOfficerGrp/PhoneNum04122367175
ReturnHeader/BusinessOfficerGrp/SignatureDt02014-11-17
ReturnHeader/Filer/BusinessName/BusinessNameLine10DUQUESNE LIGHT POST RETIREMENT VEBA
ReturnHeader/Filer/BusinessNameControlTxt0DUQU
ReturnHeader/Filer/EIN0266639634
ReturnHeader/Filer/InCareOfNm0% THE BANK OF NEW YORK MELLON
ReturnHeader/Filer/PhoneNum04122367175
ReturnHeader/Filer/USAddress/AddressLine10C/O THE BNYM PO BOX 535007
ReturnHeader/Filer/USAddress/AddressLine20Suite
ReturnHeader/Filer/USAddress/City0PITTSBURGH
ReturnHeader/Filer/USAddress/State0PA
ReturnHeader/Filer/USAddress/ZIPCode0152535007
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine10ERNST & YOUNG US LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine102100 ONE PPG PLACE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/City0PITTSBURGH
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/State0PA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCode015222
ReturnHeader/PreparerPersonGrp/PhoneNum04122367175
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Jennifer L Lynch
ReturnHeader/ReturnTs02014-11-17T13:20:28-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02013-01-01
ReturnHeader/TaxPeriodEndDt02013-12-31
ReturnHeader/TaxYr02013

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.$0.01$0.00$0.01$0.00
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.01$0.00$0.01$0.00$0.00$0.00
2022Detailed filing. Detailed filing data is available for this year.$0.01$0.00$0.01$0.00$0.00$0.00
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.01$0.00$0.01$0.00$0.00$0.00
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.02$0.00$0.02$0.00$0.00$0.00
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.02$0.00$0.02$0.02$0.01$0.01
2018Detailed filing. Detailed filing data is available for this year.$0.01$0.00$0.01$1.64$1.65$0.00
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.01$0.00$0.01$3.95$3.95$0.00
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.02$0.00$0.02$5.23$6.77$1.54
2015Detailed filing. Detailed filing data is available for this year.$1.84$0.00$1.84$2.36$2.89$0.53
2014Detailed filing. Detailed filing data is available for this year.$2.55$0.00$2.55$5.31$6.95$1.63
2013Detailed filing. Detailed filing data is available for this year.$4.43$0.00$4.43$5.63$6.46$0.83
2012XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.77$0.00$4.77$5.64
2011XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.67$0.00$4.67$5.31
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2013 filings • 501(c)9 • $5M-$10M nonprofits