Civic Intelligence

Duquesne Light Post Retirement Veba

990EZ • Fiscal year 2022 • EIN 26-6639634

Jan 01, 2022 to Dec 31, 2022 • Filed on Jul 27, 2023

C/O The Bnym PO Box 535007Pittsburgh, PA 15253-5007

(412) 234-2242

Siviq Scores

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

Liabilities / Assets

64th percentile

0.00x

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

2022 filings • 501(c)9 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

66th percentile

0.00x

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

2022 filings • 501(c)9 • <$500k nonprofits • Source year 2022

Net Margin

9th percentile

-1261%

Higher net margin than 9% of similar nonprofits.

2022 filings • 501(c)9 • <$500k nonprofits • Source year 2022

Top Officer Pay

84th percentile

$2,355

Higher top officer pay than 84% of similar nonprofits.

Top officer pay equals 1361.3% of source-year revenue.

2022 filings • 501(c)9 • <$500k nonprofits • Source year 2022

Asset Growth

35th percentile

-16%

Faster asset growth than 35% of similar nonprofits.

2022 filings • 501(c)9 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

99th percentile

17200%

Faster revenue growth than 99% of similar nonprofits.

2022 filings • 501(c)9 • <$500k nonprofits • Annualized from 2021 to 2022

Assets

Down

$11,871

Down $2,182 (-16%) from 2021

Net Assets

Down

$11,871

Down $2,182 (-16%) from 2021

Liabilities

Flat

$0

Flat from 2021

Revenue

Up

$173

Up $172 (+17200%) from 2021

Expenses

Up

$2,355

Up $413 (+21%) from 2021

Net Income

Down

-$2,182

Down $241 (-12%) from 2021

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

2022

Assets$11,871
Liabilities$0
Net Assets$11,871

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

2022

Revenue$173
Expenses$2,355
Net Income-$2,182
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Jul 27, 2023
Return Version
2022v5.0
Gross Receipts
$173
Mission and Program Overview

Mission

Provide benefits to eligible members.

Program Services

DescriptionGrantsExpenses
TO PROVIDE BENEFITS TO ELIGIBLE MEMBERS.--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
-Trustee (See Schedule O)-$2,355-$2,355
Filing and Contact Details

Filer

Filer Name
Duquesne Light Post Retirement Veba
EIN
26-6639634
Phone
4122342242
Address
C/O THE BNYM PO BOX 535007, PITTSBURGH, PA 15253-5007

Signing Officer

Name
Shelly M Paletta
Title
Bnym, Trustee
Phone
4122342242
Signed
2023-07-27

Preparer

Firm
Ernst & Young US Llp
Address
2100 ONE PPG PLACE, PITTSBURGH, PA 15222
Preparer
Austin L Bailey
Phone
4126447800
Supplemental Narrative

Additional Explanations

Form 990-ez, Part IV, 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.

Form 990-ez, Part IV, Column B Continued

Therefore, the trustee 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).

Form 990-EZ, Part II, Line 24

Accounts Receivable 39

Raw XML Appendix96 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
IRS990EZ/ActivitiesNotPreviouslyRptInd0false
IRS990EZ/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0THE BANK OF NEW YORK MELLON
IRS990EZ/BooksInCareOfDetail/PhoneNum04122342242
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt0PO BOX 535007
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0PITTSBURGH
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0PA
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd0152535007
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt014053
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt011832
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/ExcessOrDeficitForYearAmt0-2182
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt014053
IRS990EZ/Form990TotalAssetsGrp/EOYAmt011871
IRS990EZ/GrossReceiptsAmt0173
IRS990EZ/GrossReceiptsForPublicUseAmt00
IRS990EZ/InfoInScheduleOPartIIIInd0X
IRS990EZ/InfoInScheduleOPartIIInd0X
IRS990EZ/InitiationFeesAndCapContriAmt00
IRS990EZ/InvestmentIncomeAmt0173
IRS990EZ/LandAndBuildingsGrp/EOYAmt00
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MethodOfAccountingOtherDesc0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt014053
IRS990EZ/NetAssetsOrFundBalancesEOYAmt011871
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt014053
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt011871
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt00.0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/BusinessName/BusinessNameLine1Txt0THE BANK OF NEW YORK MELLON
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt02355
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0TRUSTEE (SEE SCHEDULE O)
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501cInd0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherAssetsTotalDetail/EOYAmt039
IRS990EZ/OtherChangesInNetAssetsAmt00
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0PROVIDE BENEFITS TO ELIGIBLE MEMBERS.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0TO PROVIDE BENEFITS TO ELIGIBLE MEMBERS.
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/SalariesOtherCompEmplBnftAmt02355
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt00
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt00
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TaxImposedOnOrganizationMgrAmt00
IRS990EZ/TaxImposedUnderIRC4911Amt00
IRS990EZ/TaxImposedUnderIRC4912Amt00
IRS990EZ/TaxImposedUnderIRC4955Amt00
IRS990EZ/TaxReimbursedByOrganizationAmt00
IRS990EZ/TotalExpensesAmt02355
IRS990EZ/TotalRevenueAmt0173
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/WebsiteAddressTxt0N/A
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0AVERAGE 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THEREFORE, THE TRUSTEE 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/ExplanationTxt2Accounts Receivable 39
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART IV, COLUMN B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART IV, COLUMN B CONTINUED
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990-EZ, Part II, Line 24
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/PersonNm0SHELLY M PALETTA
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0BNYM, TRUSTEE
ReturnHeader/BusinessOfficerGrp/PhoneNum04122342242
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-07-27
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0DUQUESNE LIGHT POST RETIREMENT VEBA
ReturnHeader/Filer/BusinessNameControlTxt0DUQU
ReturnHeader/Filer/EIN0266639634
ReturnHeader/Filer/PhoneNum04122342242
ReturnHeader/Filer/USAddress/AddressLine1Txt0C/O THE BNYM PO BOX 535007
ReturnHeader/Filer/USAddress/CityNm0PITTSBURGH
ReturnHeader/Filer/USAddress/StateAbbreviationCd0PA
ReturnHeader/Filer/USAddress/ZIPCd0152535007
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0false
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0346565596
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0ERNST & YOUNG US LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02100 ONE PPG PLACE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0PITTSBURGH
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0PA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd015222
ReturnHeader/PreparerPersonGrp/PhoneNum04126447800
ReturnHeader/PreparerPersonGrp/PreparationDt02023-07-27
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0AUSTIN L BAILEY
ReturnHeader/ReturnTs02023-11-10T13:00:49-06:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

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