Liabilities / Assets
25th percentile
Higher debt load relative to assets than 25% of similar nonprofits.
Lucent Technologies Inc Post Retmt Welfare Benifits Tr for Non Rep Em
990 • Fiscal year 2023 • EIN 33-6325838
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
11th percentile
Higher net margin than 11% 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
49th percentile
Faster asset growth than 49% of similar nonprofits.
Revenue Growth
56th percentile
Faster revenue growth than 56% of similar nonprofits.
Balance Sheet
Assets
Up$396,848,116
Up $23,880,549 (+6.4%) from 2022
Net Assets
Up$396,783,114
Up $23,856,835 (+6.4%) from 2022
Liabilities
Up$65,002
Up $23,714 (+57%) from 2022
Revenue And Expenses
Revenue
Up$30,726,696
Up $2,104,295 (+7.4%) from 2022
Expenses
Down$57,604,482
Down $2,872,431 (-4.7%) from 2022
Net Income
Up-$26,877,786
Up $4,976,726 (+16%) from 2022
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2023 to Dec 31, 2023
- Signed
- Apr 30, 2024
- Return Version
- 2023v5.0
- Gross Receipts
- $292,317,567
Mission and Program Overview
Mission
To provide funding for the payment of post-retirement life insurance benefits and health benefits to eligible retirees of alcatel-lucent usa inc.
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 | |||
| Rtn Earn Endowment Incm Other Fnds | $372,926,279 | $396,783,114 | ▲ $23,856,835 |
| Investments in Publicly Traded Securities | $368,152,530 | $389,446,780 | ▲ $21,294,250 |
| Cash and Non-Interest-Bearing Accounts | $4,799,428 | $7,364,631 | ▲ $2,565,203 |
| Pd in Cap Srpls Land Bldg Eqp Fund | $0 | $0 | → $0 |
| Cap Stk Tr Prin Current Funds | $0 | $0 | → $0 |
| Total Assets | $372,967,567 | $396,848,116 | ▲ $23,880,549 |
| Other Assets Total | $15,609 | $36,705 | ▲ $21,096 |
| Liabilities | |||
| Accounts Payable and Accrued Expenses | $41,288 | $65,002 | ▲ $23,714 |
| Total Liabilities | $41,288 | $65,002 | ▲ $23,714 |
| Net Assets / Fund Balance | |||
| Total Net Assets Fund Balance | $372,926,279 | $396,783,114 | ▲ $23,856,835 |
| Total Liabilities and Net Assets / Fund Balance | $372,967,567 | $396,848,116 | ▲ $23,880,549 |
Compensation and Service Providers
Employees
| Name | Title | Base | Total |
|---|---|---|---|
| - | Trustee | $11,500 | $11,500 |
Highest Paid Contractors
| Contractor | Services | Location | Compensation |
|---|---|---|---|
| Metlife | Investment Mgmt | 200 PARK AVENUE, New York, NY 10166 | $552,901 |
Revenue and Support
Revenue Composition
- Contributions and Grants
- $0
- Program Service Revenue
- $9,609,232
- Investment Income
- $21,117,464
- Other Revenue
- $0
- Change in Net Assets
- $-26,877,786
Expenses and Functional Allocation
Major Expense Lines
| Line Item | Amount |
|---|---|
| Other Expenses | $2,560,592 |
| 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 | $55,032,390 | - | - | $55,032,390 |
| Other Expenses | - | $1,048,210 | - | $1,048,210 |
| Fees for Services Other | - | $587,111 | - | $587,111 |
| Fees for Service Investment Mgmnt Fees | - | $552,901 | - | $552,901 |
| Insurance | - | $289,879 | - | $289,879 |
| Fees for Services Accounting | - | $82,491 | - | $82,491 |
| Current Officers, Directors, Trustees, and Key Employees | - | $11,500 | - | $11,500 |
| Total Functional Expenses | $55,032,390 | $2,572,092 | $0 | $57,604,482 |
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 (part of the nokia group), as settlor, has designated nokia investment management corporation (nimco), a "named fiduciary" with respect to the trust and has retained nimco to perform certain fiduciary services with respect to the trust. Nimco, as named fiduciary, hires and oversees investment managers, the trustee, and other service-providers. Nimco is overseen by the nokia pension & benefit investment committee (pbic), an internal investment committee of the nokia group.”
Form 990, Part VI, Section A, Line 7A
“Nokia of america corporation as settlor or nokia investment management corporation as named fiduciary of the trust has 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), nokia investment management corporation (named fiduciary) and 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 mellon 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 mellon 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
- 33-6325838
- Phone
- 9087239869
- Address
- CO KAREN ALEXANDER 600 MOUNTAIN AV, MURRAY HILL, NJ 07974
Signing Officer
- Name
- Lisa Candy
- Title
- Vice President
- Phone
- 9087239869
- Signed
- 2024-04-30
- Discuss with paid preparer
- Yes
Organization Details
- Principal Officer
- Bank of New York Mellon
- 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 Appendix315 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 | 41288 |
| IRS990/AccountsPayableAccrExpnssGrp/EOYAmt | 0 | 65002 |
| 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 | 55032390 |
| IRS990/BenefitsToMembersGrp/TotalAmt | 0 | 55032390 |
| 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/CashNonInterestBearingGrp/BOYAmt | 0 | 4799428 |
| IRS990/CashNonInterestBearingGrp/EOYAmt | 0 | 7364631 |
| 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 | 552901 |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt | 0 | 200 PARK AVENUE |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm | 0 | NEW YORK |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd | 0 | NY |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd | 0 | 10166 |
| IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt | 0 | METLIFE |
| IRS990/ContractorCompensationGrp/ServicesDesc | 0 | INVESTMENT MGMT |
| IRS990/CreditCounselingInd | 0 | 0 |
| IRS990/CYBenefitsPaidToMembersAmt | 0 | 55032390 |
| IRS990/CYContributionsGrantsAmt | 0 | 0 |
| IRS990/CYGrantsAndSimilarPaidAmt | 0 | 0 |
| IRS990/CYInvestmentIncomeAmt | 0 | 21117464 |
| IRS990/CYOtherExpensesAmt | 0 | 2560592 |
| IRS990/CYOtherRevenueAmt | 0 | 0 |
| IRS990/CYProgramServiceRevenueAmt | 0 | 9609232 |
| IRS990/CYRevenuesLessExpensesAmt | 0 | -26877786 |
| IRS990/CYSalariesCompEmpBnftPaidAmt | 0 | 11500 |
| IRS990/CYTotalExpensesAmt | 0 | 57604482 |
| IRS990/CYTotalFundraisingExpenseAmt | 0 | 0 |
| IRS990/CYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/CYTotalRevenueAmt | 0 | 30726696 |
| IRS990/DecisionsSubjectToApprovaInd | 0 | 1 |
| IRS990/DeductibleArtContributionInd | 0 | 0 |
| IRS990/DeductibleNonCashContriInd | 0 | 0 |
| IRS990/DelegationOfMgmtDutiesInd | 0 | 1 |
| IRS990/Desc | 0 | EXPENSES RELATED 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 | 55032390 |
| IRS990/FamilyOrBusinessRlnInd | 0 | 0 |
| IRS990/FederalGrantAuditRequiredInd | 0 | 0 |
| IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt | 0 | 82491 |
| IRS990/FeesForServicesAccountingGrp/TotalAmt | 0 | 82491 |
| IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt | 0 | 587111 |
| IRS990/FeesForServicesOtherGrp/TotalAmt | 0 | 587111 |
| IRS990/FeesForSrvcInvstMgmntFeesGrp/ManagementAndGeneralAmt | 0 | 552901 |
| IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt | 0 | 552901 |
| 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 MELLON |
| 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 | 11847148 |
| IRS990/GamingActivitiesInd | 0 | 0 |
| IRS990/GoverningBodyVotingMembersCnt | 0 | 0 |
| IRS990/GrantsToIndividualsInd | 0 | 0 |
| IRS990/GrantsToOrganizationsInd | 0 | 0 |
| IRS990/GrantToRelatedPersonInd | 0 | 0 |
| IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt | 0 | 273438019 |
| IRS990/GrossReceiptsAmt | 0 | 292317567 |
| 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 | 289879 |
| IRS990/InsuranceGrp/TotalAmt | 0 | 289879 |
| IRS990/InvestmentIncomeGrp/ExclusionAmt | 0 | 9270316 |
| IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt | 0 | 9270316 |
| IRS990/InvestmentInJointVentureInd | 0 | 0 |
| IRS990/InvestmentsPubTradedSecGrp/BOYAmt | 0 | 368152530 |
| IRS990/InvestmentsPubTradedSecGrp/EOYAmt | 0 | 389446780 |
| IRS990/IRPDocumentCnt | 0 | 2 |
| IRS990/IRPDocumentW2GCnt | 0 | 0 |
| IRS990/LegalDomicileStateCd | 0 | NY |
| IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt | 0 | 261590871 |
| 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 | 372926279 |
| IRS990/NetAssetsOrFundBalancesEOYAmt | 0 | 396783114 |
| IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt | 0 | 11847148 |
| IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt | 0 | 11847148 |
| IRS990/NetUnrelatedBusTxblIncmAmt | 0 | 0 |
| IRS990/NetUnrlzdGainsLossesInvstAmt | 0 | 50734621 |
| IRS990/NondeductibleContributionsInd | 0 | 0 |
| IRS990/OfficerMailingAddressInd | 0 | 1 |
| IRS990/OperateHospitalInd | 0 | 0 |
| IRS990/Organization501cInd | 0 | X |
| IRS990/OrgDoesNotFollowFASB117Ind | 0 | X |
| IRS990/OtherAssetsTotalGrp/BOYAmt | 0 | 15609 |
| IRS990/OtherAssetsTotalGrp/EOYAmt | 0 | 36705 |
| IRS990/OtherChangesInNetAssetsAmt | 0 | 0 |
| IRS990/OtherExpensesGrp/Desc | 0 | PREMIUM TAXES |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 0 | 1048210 |
| IRS990/OtherExpensesGrp/TotalAmt | 0 | 1048210 |
| IRS990/PartialLiquidationInd | 0 | 0 |
| IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt | 0 | 0 |
| IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt | 0 | 0 |
| IRS990/PoliticalCampaignActyInd | 0 | 0 |
| IRS990/PrincipalOfficerNm | 0 | BANK OF NEW YORK MELLON |
| IRS990/ProfessionalFundraisingInd | 0 | 0 |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 0 | 525100 |
| IRS990/ProgramServiceRevenueGrp/Desc | 0 | RETIREE CONTRIBUTIONS |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 9609232 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 0 | 9609232 |
| IRS990/ProhibitedTaxShelterTransInd | 0 | 0 |
| IRS990/PYBenefitsPaidToMembersAmt | 0 | 57352175 |
| IRS990/PYContributionsGrantsAmt | 0 | 0 |
| IRS990/PYGrantsAndSimilarPaidAmt | 0 | 0 |
| IRS990/PYInvestmentIncomeAmt | 0 | 17625831 |
| IRS990/PYOtherExpensesAmt | 0 | 3113238 |
| IRS990/PYOtherRevenueAmt | 0 | 0 |
| IRS990/PYProgramServiceRevenueAmt | 0 | 10996570 |
| IRS990/PYRevenuesLessExpensesAmt | 0 | -31854512 |
| IRS990/PYSalariesCompEmpBnftPaidAmt | 0 | 11500 |
| IRS990/PYTotalExpensesAmt | 0 | 60476913 |
| IRS990/PYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/PYTotalRevenueAmt | 0 | 28622401 |
| IRS990/QuidProQuoContributionsInd | 0 | 0 |
| IRS990/ReconcilationRevenueExpnssAmt | 0 | -26877786 |
| 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 | 9609232 |
| IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt | 0 | 372926279 |
| IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt | 0 | 396783114 |
| 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 (PART OF THE NOKIA GROUP), AS SETTLOR, HAS DESIGNATED NOKIA INVESTMENT MANAGEMENT CORPORATION (NIMCO), A "NAMED FIDUCIARY" WITH RESPECT TO THE TRUST AND HAS RETAINED NIMCO TO PERFORM CERTAIN FIDUCIARY SERVICES WITH RESPECT TO THE TRUST. NIMCO, AS NAMED FIDUCIARY, HIRES AND OVERSEES INVESTMENT MANAGERS, THE TRUSTEE, AND OTHER SERVICE-PROVIDERS. NIMCO IS OVERSEEN BY THE NOKIA PENSION & BENEFIT INVESTMENT COMMITTEE (PBIC), AN INTERNAL INVESTMENT COMMITTEE OF THE NOKIA GROUP. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | NOKIA OF AMERICA CORPORATION AS SETTLOR OR NOKIA INVESTMENT MANAGEMENT CORPORATION AS NAMED FIDUCIARY OF THE TRUST HAS THE POWER TO APPOINT/TERMINATE THE TRUSTEE. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | TRUSTEE IS SUBJECT TO DIRECTION FROM NOKIA OF AMERICA CORPORATION (SETTLOR), NOKIA INVESTMENT MANAGEMENT CORPORATION (NAMED FIDUCIARY) AND 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 MELLON 135 SANTILLI HIGHWAY EVERETT, MA 02149 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 9 | AVERAGE HOURS PER WEEK OF TRUSTEE AS TRUSTEE, THE BANK OF NEW YORK MELLON 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 | 0 |
| 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 | TELECOMMUNICATION |
| 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 | 372967567 |
| IRS990/TotalAssetsEOYAmt | 0 | 396848116 |
| IRS990/TotalAssetsGrp/BOYAmt | 0 | 372967567 |
| IRS990/TotalAssetsGrp/EOYAmt | 0 | 396848116 |
| IRS990/TotalCompGreaterThan150KInd | 0 | 0 |
| IRS990/TotalEmployeeCnt | 0 | 0 |
| IRS990/TotalFunctionalExpensesGrp/FundraisingAmt | 0 | 0 |
| IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt | 0 | 2572092 |
| IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt | 0 | 55032390 |
| IRS990/TotalFunctionalExpensesGrp/TotalAmt | 0 | 57604482 |
| IRS990/TotalGrossUBIAmt | 0 | 0 |
| IRS990/TotalLiabilitiesBOYAmt | 0 | 41288 |
| IRS990/TotalLiabilitiesEOYAmt | 0 | 65002 |
| IRS990/TotalLiabilitiesGrp/BOYAmt | 0 | 41288 |
| IRS990/TotalLiabilitiesGrp/EOYAmt | 0 | 65002 |
| IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt | 0 | 372926279 |
| IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt | 0 | 396783114 |
| IRS990/TotalOtherCompensationAmt | 0 | 0 |
| IRS990/TotalProgramServiceExpensesAmt | 0 | 55032390 |
| IRS990/TotalProgramServiceRevenueAmt | 0 | 9609232 |
| IRS990/TotalReportableCompFromOrgAmt | 0 | 11500 |
| IRS990/TotalRevenueGrp/ExclusionAmt | 0 | 21117464 |
| IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 9609232 |
| IRS990/TotalRevenueGrp/TotalRevenueColumnAmt | 0 | 30726696 |
| IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt | 0 | 0 |
| IRS990/TotalVolunteersCnt | 0 | 0 |
| IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt | 0 | 372967567 |
| IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt | 0 | 396848116 |
| IRS990/TotReportableCompRltdOrgAmt | 0 | 0 |
| IRS990/TypeOfOrganizationTrustInd | 0 | X |
| IRS990/UnrelatedBusIncmOverLimitInd | 0 | 0 |
| IRS990/UponRequestInd | 0 | X |
| IRS990/USAddress/AddressLine1Txt | 0 | 135 SANTILLI HIGHWAY |
| IRS990/USAddress/CityNm | 0 | EVERITT |
| IRS990/USAddress/StateAbbreviationCd | 0 | MA |
| IRS990/USAddress/ZIPCd | 0 | 02149 |
| IRS990/VotingMembersGoverningBodyCnt | 0 | 0 |
| IRS990/VotingMembersIndependentCnt | 0 | 0 |
| IRS990/WebsiteAddressTxt | 0 | N/A |
| IRS990/WhistleblowerPolicyInd | 0 | 0 |
| ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd | 0 | AAL1 |
| ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd | 0 | IAL1 |
| ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd | 0 | 2 |
| ReturnHeader/BuildTS | 0 | 2023-04-26 12:10:37Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | 1 |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | LISA CANDY |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | VICE PRESIDENT |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 9087239869 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2024-04-30 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | LUCENT TECH INC POST RETIREMENT WELFARE |
| ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt | 0 | BENEFIT TRUST FOR NONREPRESENTED EMPLOYE |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | LUCE |
| ReturnHeader/Filer/EIN | 0 | 336325838 |
| ReturnHeader/Filer/PhoneNum | 0 | 9087239869 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | CO KAREN ALEXANDER 600 MOUNTAIN AV |
| 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 | 2024-04-30T15:31:42-05:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990 |
| ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm | 0 | LISA |
| ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm | 0 | CANDY |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2023-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2023-12-31 |
| ReturnHeader/TaxYr | 0 | 2023 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2023 • Form 990Detailed filing. Detailed filing data is available for this year.
- Assets
- $396,848,116
- Liabilities
- $65,002
- Net assets
- $396,783,114
- Revenue
- $30,726,696
- Expenses
- $57,604,482
- Net income
- -$26,877,786