Civic Intelligence

Ti Retiree Welfare Benefit Trust No 13

EIN 36-7332062 • 501(c)9 • Dallas, TX

Profile

Texas instruments incorporated ("ti") offers access to group medical and/or dental coverage during retirement to u.s. Retirees who satisfy age and service requirements. Ti contributes toward the cost of retiree medical benefits for certain retirees and their dependents. Ti funds its share of such costs through contributions to the veba trusts. The trust ceased operations as of august 31, 2022.

PO Box 650311 M/S 3905Dallas, TX 75265

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on the latest valid filing.

Source year 2022

Liabilities / Revenue

31st percentile

0.00x

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

501(c)9 • $10M-$25M nonprofits • Source year 2022

Net Margin

1st percentile

-219%

Higher net margin than 1% of similar nonprofits.

501(c)9 • $10M-$25M nonprofits • Source year 2022

Top Officer Pay

54th percentile

$5,290

Higher top officer pay than 54% of similar nonprofits.

Top officer pay equals 0.1% of source-year revenue.

501(c)9 • $10M-$25M nonprofits • Source year 2022

Asset Growth

6th percentile

-100%

Faster asset growth than 6% of similar nonprofits.

501(c)9 • $10M-$25M nonprofits • Annualized from 2021 to 2022

Revenue Growth

89th percentile

47%

Faster revenue growth than 89% of similar nonprofits.

501(c)9 • $10M-$25M nonprofits • Annualized from 2021 to 2022

Assets

Down

$0

Down $20,373,933 (-100%) from 2021

Liabilities

Flat

$0

Flat from 2021

Net Assets

Down

$0

Down $20,373,933 (-100%) from 2021

Revenue

Up

$6,490,291

Up $2,060,885 (+47%) from 2021

Expenses

Up

$20,721,129

Up $18,479,618 (+824%) from 2021

Net Income

Down

-$14,230,838

Down $16,418,733 (-750%) from 2021

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$30M$20M$10M$0Assets 2010: $10,846,240Liabilities 2010: $0Net Assets 2010: $10,846,2402010Assets 2012: $12,267,842Liabilities 2012: $0Net Assets 2012: $12,267,8422012Assets 2013: $12,084,016Liabilities 2013: $0Net Assets 2013: $12,084,0162013Assets 2014: $12,733,215Liabilities 2014: $0Net Assets 2014: $12,733,2152014Assets 2015: $13,093,820Liabilities 2015: $0Net Assets 2015: $13,093,8202015Assets 2016: $13,105,733Liabilities 2016: $0Net Assets 2016: $13,105,7332016Assets 2017: $13,713,461Liabilities 2017: $0Net Assets 2017: $13,713,4612017Assets 2018: $11,754,648Liabilities 2018: $0Net Assets 2018: $11,754,6482018Assets 2019: $14,981,004Liabilities 2019: $0Net Assets 2019: $14,981,0042019Assets 2020: $17,511,055Liabilities 2020: $0Net Assets 2020: $17,511,0552020Assets 2021: $20,373,933Liabilities 2021: $0Net Assets 2021: $20,373,9332021Assets 2022: $0Liabilities 2022: $0Net Assets 2022: $02022

Highlighted filing

2022

Assets$0
Liabilities$0
Net Assets$0

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$30M$20M$10M$0-$10M-$20MExpenses 2010: $12,0282010Expenses 2012: $208,5382012Revenue 2013: $376,670Expenses 2013: $8,538Net Income 2013: $368,1322013Revenue 2014: $385,158Expenses 2014: $208,618Net Income 2014: $176,5402014Revenue 2015: $376,438Expenses 2015: $8,693Net Income 2015: $367,7452015Revenue 2016: $372,769Expenses 2016: $7,601Net Income 2016: $365,1682016Revenue 2017: $391,422Expenses 2017: $2,084Net Income 2017: $389,3382017Revenue 2018: $545,731Expenses 2018: $40,001Net Income 2018: $505,7302018Revenue 2019: $64,453Expenses 2019: $35,647Net Income 2019: $28,8062019Revenue 2020: $753,448Expenses 2020: $18,126Net Income 2020: $735,3222020Revenue 2021: $4,429,406Expenses 2021: $2,241,511Net Income 2021: $2,187,8952021Revenue 2022: $6,490,291Expenses 2022: $20,721,129Net Income 2022: -$14,230,8382022

Highlighted filing

2022

Revenue$6,490,291
Expenses$20,721,129
Net Income-$14,230,838

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Aug 31, 2022
Signed
Jul 13, 2023
Return Version
2022v5.0
Gross Receipts
$15,823,998
Mission and Program Overview

Mission

Texas instruments incorporated ("ti") offers access to group medical and/or dental coverage during retirement to u.s. Retirees who satisfy age and service requirements. Ti contributes toward the cost of retiree medical benefits for certain retirees and their dependents. Ti funds its share of such costs through contributions to the veba trusts.

Access to group medical and/or dental coverage during retirement

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$20,373,933$0▼ $20,373,933
Cap Stk Tr Prin Current Funds$20,373,933$0▼ $20,373,933
Cash and Non-Interest-Bearing Accounts$0$0→ $0
Savings and Temporary Cash Investments$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$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$20,373,933$0▼ $20,373,933
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$20,373,933$0▼ $20,373,933
Total Liabilities and Net Assets / Fund Balance$20,373,933$0▼ $20,373,933
Compensation and Service Providers

Employees

NameTitleBaseTotal
The Northern Trust CompanyTrustee$5,290$5,290
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,913,449
Investment Income
$4,576,842
Other Revenue
$0
Change in Net Assets
$-14,230,838
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$830,020
Salaries, Compensation, and Employee Benefits$5,290
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Benefits to Members---$19,885,819
Other Expenses---$180,000
Fees for Services Accounting---$126,518
Current Officers, Directors, Trustees, and Key Employees---$5,290
Fees for Service Investment Mgmnt Fees---$836
Office Expenses---$521
Total Functional Expenses$0$0$0$20,721,129
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
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
Audit committee
Yes
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
Yes
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 4

Significant changes to governing documents since prior 990 filed: trust has ceased operations as of august 31, 2022.

Form 990, Part VI, Line 7A

Members/stockholders who can elect governing board members: according to the trust agreement, the company (texas instruments, inc.) has authority to terminate the trust and thus revoke trustee status of the northern trust company.

Form 990, Part VI, Line 9

Address of trustee: the trustee is the northern trust company 50 south lasalle street, chicago, il 60676

Form 990, Part VI, Lines 11A and 11B

Procedure for reviewing form 990: the return is reviewed by the tax and treasury and hr finance departments of texas instruments.

Form 990, Part VI, Section C, Line 19

Manner of disclosure of governing documents: documents of the entity are available to plan participants upon written request.

Filing and Contact Details

Filer

Filer Name
Ti Retiree Welfare Benefit Trust No 13
EIN
36-7332062
In Care Of
% THE NORTHERN TRUST COMPANY
Phone
9729953333
Address
PO BOX 650311 M/S 3905, DALLAS, TX 75265

Signing Officer

Name
Shannon Freeze-flory
Title
Hr Oper. & Ben. Director
Phone
9729953333
Signed
2023-07-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Shannon Freeze-flory
Formed
2000
Legal Domicile
TX
Voting Board Members
1
Independent Board Members
1
Employees
0
Volunteers
0

Preparer

Firm
Ernst & Young US Llp
Address
4365 EXECUTIVE DR STE 1600, SAN DIEGO, CA 92121
Preparer
Jocelyne Miller
Phone
8585357200
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 3

Organization ceased conducting program services: the trust ceased operations as of august 31, 2022.

Form 990, Part XI, Line 9

Transfers out: -$716 total: -$716

Form 990, Part XII, Line 1

Accounting method: modified accrual

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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/ExplanationTxt0ORGANIZATION CEASED CONDUCTING PROGRAM SERVICES: THE TRUST CEASED OPERATIONS AS OF AUGUST 31, 2022.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1SIGNIFICANT CHANGES TO GOVERNING DOCUMENTS SINCE PRIOR 990 FILED: TRUST HAS CEASED OPERATIONS AS OF AUGUST 31, 2022.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2MEMBERS/STOCKHOLDERS WHO CAN ELECT GOVERNING BOARD MEMBERS: ACCORDING TO THE TRUST AGREEMENT, THE COMPANY (TEXAS INSTRUMENTS, INC.) HAS AUTHORITY TO TERMINATE THE TRUST AND THUS REVOKE TRUSTEE STATUS OF THE NORTHERN TRUST COMPANY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ADDRESS OF TRUSTEE: THE TRUSTEE IS THE NORTHERN TRUST COMPANY 50 SOUTH LASALLE STREET, CHICAGO, IL 60676
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4PROCEDURE FOR REVIEWING FORM 990: THE RETURN IS REVIEWED BY THE TAX AND TREASURY AND HR FINANCE DEPARTMENTS OF TEXAS INSTRUMENTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5MANNER OF DISCLOSURE OF GOVERNING DOCUMENTS: DOCUMENTS OF THE ENTITY ARE AVAILABLE TO PLAN PARTICIPANTS UPON WRITTEN REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6TRANSFERS OUT: -$716 TOTAL: -$716
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7ACCOUNTING METHOD: MODIFIED ACCRUAL
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART III, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, LINE 4
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, LINE 9
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, LINES 11A AND 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART XI, LINE 9
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART XII, LINE 1
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
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IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingEntityName/BusinessNameLine1Txt0NA
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EIN0750289970
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt0C Corp
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd0DE
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt0Parent Corp
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt0Texas Instruments Incorporated
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ShareOfEOYAssetsAmt00
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ShareOfTotalIncomeAmt00
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/AddressLine1Txt012500 TI Blvd PO BOX 660199
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/CityNm0Dallas
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/StateAbbreviationCd0TX
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/ZIPCd0752660199
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DirectControllingEntityName/BusinessNameLine1Txt0NA
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/RelatedOrganizationName/BusinessNameLine1Txt0NA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt0NA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0NA
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IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
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IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
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IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0false
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0false
IRS990ScheduleR/TransferFromOtherOrgInd0false
IRS990ScheduleR/TransferToOtherOrgInd0false
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
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IRS990/TaxExemptBondLiabilitiesGrp/EOYAmt00
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0true
IRS990/TotalAssetsBOYAmt020373933
IRS990/TotalAssetsEOYAmt00
IRS990/TotalAssetsGrp/BOYAmt020373933
IRS990/TotalAssetsGrp/EOYAmt00
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt020721129
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt020373933
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt00
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceRevenueAmt01913449
IRS990/TotalReportableCompFromOrgAmt05290
IRS990/TotalRevenueGrp/ExclusionAmt04576842
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01913449
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt06490291
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt020373933
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt00
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/TotalAmt00
IRS990/TypeOfOrganizationTrustInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt00
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt013570 N CENTRAL EXPWY MS 3905
IRS990/USAddress/CityNm0DALLAS
IRS990/USAddress/StateAbbreviationCd0TX
IRS990/USAddress/ZIPCd075243
IRS990/VotingMembersGoverningBodyCnt01
IRS990/VotingMembersIndependentCnt01
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0SHANNON FREEZE-FLORY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0HR OPER. & BEN. DIR.
ReturnHeader/BusinessOfficerGrp/PhoneNum09729953333
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-07-13
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0TI RETIREE WELFARE BENEFIT TRUST NO 13
ReturnHeader/Filer/BusinessNameControlTxt0TIRE
ReturnHeader/Filer/EIN0367332062
ReturnHeader/Filer/InCareOfNm0% THE NORTHERN TRUST COMPANY
ReturnHeader/Filer/PhoneNum09729953333
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 650311 M/S 3905
ReturnHeader/Filer/USAddress/CityNm0DALLAS
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX
ReturnHeader/Filer/USAddress/ZIPCd075265
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0ERNST & YOUNG US LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt04365 EXECUTIVE DR STE 1600
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0SAN DIEGO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd092121
ReturnHeader/PreparerPersonGrp/PhoneNum08585357200
ReturnHeader/PreparerPersonGrp/PreparationDt02023-07-12
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JOCELYNE MILLER
ReturnHeader/ReturnTs02023-07-13T18:33:46-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0SHANNON
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0FREEZE-FLORY
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-08-31
ReturnHeader/TaxYr02022

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