Civic Intelligence

Lucent Technologies Inc Post Retmt Welfare Benifits Tr for Non Rep Em

990 • Fiscal year 2015 • EIN 33-6325838

Oct 01, 2014 to Sep 30, 2015 • Filed on Mar 17, 2016

Organization ProfileN/A

View Organization Page

c/o Karen Alexander 600 Mountain AvMurray Hill, NJ 07974

(908) 582-8500

Siviq Scores

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

Liabilities / Assets

21st percentile

0.00x

Higher debt load relative to assets than 21% of similar nonprofits.

2015 filings • 501(c)9 • $250M-$1B nonprofits • Source year 2015

Liabilities / Revenue

22nd percentile

0.00x

Higher debt load relative to revenue than 22% of similar nonprofits.

2015 filings • 501(c)9 • $250M-$1B nonprofits • Source year 2015

Net Margin

11th percentile

-52%

Higher net margin than 11% of similar nonprofits.

2015 filings • 501(c)9 • $250M-$1B nonprofits • Source year 2015

Top Officer Pay

34th percentile

$10,000

Higher top officer pay than 34% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2015 filings • 501(c)9 • $250M-$1B nonprofits • Source year 2015

Asset Growth

6th percentile

-16%

Faster asset growth than 6% of similar nonprofits.

2015 filings • 501(c)9 • $250M-$1B nonprofits • Annualized from 2014 to 2015

Revenue Growth

10th percentile

-31%

Faster revenue growth than 10% of similar nonprofits.

2015 filings • 501(c)9 • $250M-$1B nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets21st percentile

Assets

Down

$257,912,100

Down $50,140,225 (-16%) from 2014

Net Assets

Down

$257,880,900

Down $50,129,125 (-16%) from 2014

Liabilities

Down

$31,200

Down $11,100 (-26%) from 2014

Revenue And Expenses
Liabilities / Revenue22nd percentileNet Margin11th percentile

Revenue

Down

$68,843,759

Down $31,298,018 (-31%) from 2014

Expenses

Down

$104,473,076

Down $11,205,883 (-9.7%) from 2014

Net Income

Down

-$35,629,317

Down $20,092,135 (-129%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth6th percentile

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

$600M$400M$200M$0Assets 2012: $321,619,444Liabilities 2012: $25,200Net Assets 2012: $321,594,2442012Assets 2013: $321,346,159Liabilities 2013: $112,200Net Assets 2013: $321,233,9592013Assets 2014: $308,052,325Liabilities 2014: $42,300Net Assets 2014: $308,010,0252014Assets 2015: $257,912,100Liabilities 2015: $31,200Net Assets 2015: $257,880,9002015Assets 2016: $244,209,208Liabilities 2016: $36,545Net Assets 2016: $244,172,6632016Assets 2018: $173,543,047Liabilities 2018: $44,353Net Assets 2018: $173,498,6942018Assets 2019: $156,181,386Liabilities 2019: $43,438Net Assets 2019: $156,137,9482019Assets 2020: $196,928,614Liabilities 2020: $38,977Net Assets 2020: $196,889,6372020Assets 2021: $502,442,116Liabilities 2021: $40,827Net Assets 2021: $502,401,2892021Assets 2022: $372,967,567Liabilities 2022: $41,288Net Assets 2022: $372,926,2792022Assets 2023: $396,848,116Liabilities 2023: $65,002Net Assets 2023: $396,783,1142023Assets 2024: $398,238,236Liabilities 2024: $69,335Net Assets 2024: $398,168,9012024

Highlighted filing

2015

Assets$257,912,100
Liabilities$31,200
Net Assets$257,880,900
Open 2015 Filing

Operations Trend

Revenue Growth10th percentile

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

$400M$300M$200M$100M$0-$100MExpenses 2012: $119,922,6802012Expenses 2013: $115,563,7592013Revenue 2014: $100,141,777Expenses 2014: $115,678,959Net Income 2014: -$15,537,1822014Revenue 2015: $68,843,759Expenses 2015: $104,473,076Net Income 2015: -$35,629,3172015Revenue 2016: $70,224,425Expenses 2016: $93,161,616Net Income 2016: -$22,937,1912016Revenue 2018: $39,674,905Expenses 2018: $69,559,937Net Income 2018: -$29,885,0322018Revenue 2019: $42,680,176Expenses 2019: $76,213,902Net Income 2019: -$33,533,7262019Revenue 2020: $110,254,050Expenses 2020: $75,436,603Net Income 2020: $34,817,4472020Revenue 2021: $362,601,504Expenses 2021: $72,524,105Net Income 2021: $290,077,3992021Revenue 2022: $28,622,401Expenses 2022: $60,476,913Net Income 2022: -$31,854,5122022Revenue 2023: $30,726,696Expenses 2023: $57,604,482Net Income 2023: -$26,877,7862023Revenue 2024: $68,433,217Expenses 2024: $62,234,813Net Income 2024: $6,198,4042024

Highlighted filing

2015

Revenue$68,843,759
Expenses$104,473,076
Net Income-$35,629,317
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2014 to Sep 30, 2015
Signed
Mar 17, 2016
Return Version
2014v6.0
Gross Receipts
$266,843,860
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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$308,010,025$257,880,900▼ $50,129,125
Investments in Publicly Traded Securities$300,940,919$256,504,625▼ $44,436,294
Savings and Temporary Cash Investments$7,111,316$1,407,428▼ $5,703,888
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 Other Securities$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
Cap Stk Tr Prin Current Funds$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$308,052,325$257,912,100▼ $50,140,225
Other Assets Total$90$47▼ $43
Liabilities
Accounts Payable and Accrued Expenses$42,300$31,200▼ $11,100
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$42,300$31,200▼ $11,100
Net Assets / Fund Balance
Total Net Assets Fund Balance$308,010,025$257,880,900▼ $50,129,125
Total Liabilities and Net Assets / Fund Balance$308,052,325$257,912,100▼ $50,140,225
Compensation and Service Providers
Top Officer Pay34th percentile

Employees

NameTitleBaseTotal
Bank of New York MellonTrustee$10,000$10,000

Highest Paid Contractors

ContractorServicesLocationCompensation
MetLifeInvestment Mgmt200 Park Avenue, New York, NY 10166$357,882
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$55,312,024
Investment Income
$13,527,816
Other Revenue
$3,919
Change in Net Assets
$-35,629,317
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,680,713
Salaries, Compensation, and Employee Benefits$10,000
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Benefits to Members---$102,782,363
Fees for Services Other---$1,047,152
Fees for Service Investment Mgmnt Fees---$344,665
Insurance---$252,580
Fees for Services Accounting---$36,316
Current Officers, Directors, Trustees, and Key Employees---$10,000
Total Functional Expenses$0$0$0$104,473,076
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
Yes
Management duties delegated
Yes
Filing and Contact Details

Filer

Filer Name
Lucent Tech Inc Postretirement Welfare
EIN
33-6325838
In Care Of
% KAREN ALEXANDER
Phone
9085828500
Address
c/o Karen Alexander 600 Mountain Av, Murray Hill, NJ 07974

Signing Officer

Name
Steven Waters
Title
Director of Trustee
Phone
9085828500
Signed
2016-03-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Vincent Caire
Formed
2002
Legal Domicile
Ny
Voting Board Members
1
Independent Board Members
0
Employees
0
Volunteers
0

Preparer

Firm
Ernst & Young US Llp
Address
111 MONUMENT CIRCLE SUITE 4000, INDIANAPOLIS, IN 46204
Preparer
Angela M Moore
Phone
3176817000
Supplemental Narrative

Additional Explanations

Description of Management Arrangement

“form 990, part vi, question 3 Alcatel-Lucent Management Investment Corporation (ALIMCO) provides fiduciary services to the trust which includes oversight of the trustee and investment managers.”

Description of members or stockholders

“Form 990, Part VI, Question 6 Alcatel-Lucent USA Inc. is the sole member.”

Description of Classes of Persons and the Nature of Their Rights

“Form 990, Part VI, Question 7a Alcatel-Lucent USA Inc. as settlor or Alcatel-Lucent Investment Management Corporation as named fiduciary of the trust has the power to appoint/terminate the trustee.”

Descr Classes of Persons, Decisions Requiring Appr & Type of Voting Rights

“Form 990, Part VI, Question 7b Trustee is subject to direction from Alcatel-Lucent USA Inc. (settlor), Alcatel-Lucent Investment Management Corporation (named fiduciary) and appointed investment managers.”

Description of documentation of meetings held

“Form 990, Part VI, Questions 8a & 8b The trust operates for the exclusive purpose of funding health and life insurance benefit payments sponsored by Alcatel-Lucent USA Inc. (formerly Lucent Technologies Inc.). The trust does not operate independently with respect to conducting business and, as such, does not hold board meetings. All administrative activities involved with respect to the trust are facilitated by the Pension and Benefit Investment Committee of Alcatel-Lucent USA Inc.”

Mailing Address of Persons to be Contacted at A Different Address

“Form 990, Part VI, Question 9 Bank of New York Mellon: 135 Santilli Highway Everett, MA 02149”

Describe the Process used by Management &/or Governing Body to Review 990

“Form 990, Part VI, Question 11b Form 990 is sent to Trustee for authorization and signature prior to being filed.”

Avail of Gov Docs, Conflict of Interest Policy, & Fin Stmts to Gen Public

“Form 990, Part VI, Question 19 No documents are made available to the public.”

Raw XML Appendix360 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/ExplanationTxt0form 990, part vi, question 3 Alcatel-Lucent Management Investment Corporation (ALIMCO) provides fiduciary services to the trust which includes oversight of the trustee and investment managers.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Form 990, Part VI, Question 6 Alcatel-Lucent USA Inc. is the sole member.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Form 990, Part VI, Question 7a Alcatel-Lucent USA Inc. as settlor or Alcatel-Lucent Investment Management Corporation as named fiduciary of the trust has the power to appoint/terminate the trustee.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Form 990, Part VI, Question 7b Trustee is subject to direction from Alcatel-Lucent USA Inc. (settlor), Alcatel-Lucent Investment Management Corporation (named fiduciary) and appointed investment managers.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Form 990, Part VI, Questions 8a & 8b The trust operates for the exclusive purpose of funding health and life insurance benefit payments sponsored by Alcatel-Lucent USA Inc. (formerly Lucent Technologies Inc.). The trust does not operate independently with respect to conducting business and, as such, does not hold board meetings. All administrative activities involved with respect to the trust are facilitated by the Pension and Benefit Investment Committee of Alcatel-Lucent USA Inc.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Form 990, Part VI, Question 9 Bank of New York Mellon: 135 Santilli Highway Everett, MA 02149
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Form 990, Part VI, Question 11b Form 990 is sent to Trustee for authorization and signature prior to being filed.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Form 990, Part VI, Question 19 No documents are made available to the public.
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Description of Classes of Persons and the Nature of Their Rights
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Descr Classes of Persons, Decisions Requiring Appr & Type of Voting Rights
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Description of documentation of meetings held
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Mailing Address of Persons to be Contacted at a Different Address
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Describe the Process used by Management &/or Governing Body to Review 990
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Avail of Gov Docs, Conflict of Interest Policy, & Fin Stmts to Gen Public
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IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt0Alcatel-Lucent USA Inc
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IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0257880900
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceRevenueAmt055312024
IRS990/TotalReportableCompFromOrgAmt010000
IRS990/TotalRevenueGrp/ExclusionAmt013531735
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt055312024
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt068843759
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IRS990/VotingMembersIndependentCnt00
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ReturnHeader/BuildTS02016-08-17 19:52:53Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Steven Waters
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0DIRECTOR OF TRUSTEE
ReturnHeader/BusinessOfficerGrp/PhoneNum09085828500
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-03-17
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Lucent Tech Inc Postretirement Welfare
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0Benefit Trust for NonRepresented Employees
ReturnHeader/Filer/BusinessNameControlTxt0LUCE
ReturnHeader/Filer/EIN0336325838
ReturnHeader/Filer/InCareOfNm0% KAREN ALEXANDER
ReturnHeader/Filer/PhoneNum09085828500
ReturnHeader/Filer/USAddress/AddressLine1Txt0c/o Karen Alexander 600 Mountain Av
ReturnHeader/Filer/USAddress/CityNm0Murray Hill
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ReturnHeader/Filer/USAddress/ZIPCd007974
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0ERNST & YOUNG US LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0111 MONUMENT CIRCLE SUITE 4000
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0INDIANAPOLIS
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd046204
ReturnHeader/PreparerPersonGrp/PhoneNum03176817000
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ANGELA M MOORE
ReturnHeader/ReturnTs02016-03-17T13:48:37-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02014-10-01
ReturnHeader/TaxPeriodEndDt02015-09-30
ReturnHeader/TaxYr02014

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$257,912,100
Liabilities
$31,200
Net assets
$257,880,900
Revenue
$68,843,759
Expenses
$104,473,076
Net income
-$35,629,317
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$398$0.07$398$68.4$62.2$6.20
2023Detailed filing. Detailed filing data is available for this year.$397$0.07$397$30.7$57.6$26.9
2022Detailed filing. Detailed filing data is available for this year.$373$0.04$373$28.6$60.5$31.9
2021Detailed filing. Detailed filing data is available for this year.$502$0.04$502$363$72.5$290
2020Detailed filing. Detailed filing data is available for this year.$197$0.04$197$110$75.4$34.8
2019Detailed filing. Detailed filing data is available for this year.$156$0.04$156$42.7$76.2$33.5
2018Detailed filing. Detailed filing data is available for this year.$174$0.04$173$39.7$69.6$29.9
2016Detailed filing. Detailed filing data is available for this year.$244$0.04$244$70.2$93.2$22.9
2015Detailed filing. Detailed filing data is available for this year.$258$0.03$258$68.8$104$35.6
2014Detailed filing. Detailed filing data is available for this year.$308$0.04$308$100$116$15.5
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$321$0.11$321$116
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$322$0.03$322$120