Civic Intelligence

Avaya Inc Represented Employees' Postretirement Health Benefits Trust

990 • Fiscal year 2017 • EIN 36-7364496

Jan 01, 2017 to Dec 31, 2017 • Filed on May 15, 2018

350 MT Kemble AveMorristown, NJ 07960

(908) 953-3774

Siviq Scores

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

Liabilities / Assets

24th percentile

0.00x

Higher debt load relative to assets than 24% of similar nonprofits.

2017 filings • 501(c)9 • $50M-$100M nonprofits • Source year 2017

Liabilities / Revenue

31st percentile

0.00x

Higher debt load relative to revenue than 31% of similar nonprofits.

2017 filings • 501(c)9 • $50M-$100M nonprofits • Source year 2017

Net Margin

4th percentile

-45%

Higher net margin than 4% of similar nonprofits.

2017 filings • 501(c)9 • $50M-$100M nonprofits • Source year 2017

Top Officer Pay

48th percentile

$12,918

Higher top officer pay than 48% of similar nonprofits.

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

2017 filings • 501(c)9 • $50M-$100M nonprofits • Source year 2017

Asset Growth

33rd percentile

3.2%

Faster asset growth than 33% of similar nonprofits.

2017 filings • 501(c)9 • $50M-$100M nonprofits • Annualized from 2016 to 2017

Revenue Growth

1st percentile

-74%

Faster revenue growth than 1% of similar nonprofits.

2017 filings • 501(c)9 • $50M-$100M nonprofits • Annualized from 2016 to 2017

Assets

Up

$78,614,641

Up $2,409,215 (+3.2%) from 2016

Net Assets

Up

$78,580,133

Up $2,446,970 (+3.2%) from 2016

Liabilities

Down

$34,508

Down $37,755 (-52%) from 2016

Revenue

Down

$9,203,433

Down $26,649,504 (-74%) from 2016

Expenses

Down

$13,332,096

Down $31,206,058 (-70%) from 2016

Net Income

Up

-$4,128,663

Up $4,556,554 (+52%) from 2016

Historical Trend

Balance Sheet Trend

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

$150M$100M$50M$0Assets 2010: $84,197,909Liabilities 2010: $970,049Net Assets 2010: $83,227,8602010Assets 2011: $93,532,204Liabilities 2011: $18,123Net Assets 2011: $93,514,0812011Assets 2012: $101,768,522Liabilities 2012: $15,671Net Assets 2012: $101,752,8512012Assets 2013: $102,727,842Liabilities 2013: $93,168Net Assets 2013: $102,634,6742013Assets 2014: $99,251,007Liabilities 2014: $65,252Net Assets 2014: $99,185,7552014Assets 2015: $82,328,172Liabilities 2015: $173,148Net Assets 2015: $82,155,0242015Assets 2016: $76,205,426Liabilities 2016: $72,263Net Assets 2016: $76,133,1632016Assets 2017: $78,614,641Liabilities 2017: $34,508Net Assets 2017: $78,580,1332017Assets 2018: $70,174,414Liabilities 2018: $69,406Net Assets 2018: $70,105,0082018Assets 2019: $76,978,004Liabilities 2019: $37,248Net Assets 2019: $76,940,7562019Assets 2020: $81,457,983Liabilities 2020: $24,374Net Assets 2020: $81,433,6092020Assets 2021: $11,158,632Liabilities 2021: $0Net Assets 2021: $11,158,6322021Assets 2022: $7,586,733Liabilities 2022: $11,963Net Assets 2022: $7,574,7702022Assets 2023: $7,946,990Liabilities 2023: $0Net Assets 2023: $7,946,9902023Assets 2024: $7,836,464Liabilities 2024: $0Net Assets 2024: $7,836,4642024

Highlighted filing

2017

Assets$78,614,641
Liabilities$34,508
Net Assets$78,580,133

Operations Trend

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

$60M$40M$20M$0-$20MExpenses 2010: $47,767,6342010Expenses 2011: $43,694,5732011Expenses 2012: $47,197,8662012Revenue 2013: $45,491,939Expenses 2013: $47,388,934Net Income 2013: -$1,896,9952013Revenue 2014: $39,768,522Expenses 2014: $47,198,070Net Income 2014: -$7,429,5482014Revenue 2015: $27,566,743Expenses 2015: $42,133,405Net Income 2015: -$14,566,6622015Revenue 2016: $35,852,937Expenses 2016: $44,538,154Net Income 2016: -$8,685,2172016Revenue 2017: $9,203,433Expenses 2017: $13,332,096Net Income 2017: -$4,128,6632017Revenue 2018: $10,300,034Expenses 2018: $14,396,079Net Income 2018: -$4,096,0452018Revenue 2019: $11,170,584Expenses 2019: $14,664,352Net Income 2019: -$3,493,7682019Revenue 2020: $9,841,202Expenses 2020: $12,883,255Net Income 2020: -$3,042,0532020Revenue 2021: $49,188,914Expenses 2021: $9,928,303Net Income 2021: $39,260,6112021Revenue 2022: $7,315,164Expenses 2022: $8,464,286Net Income 2022: -$1,149,1222022Revenue 2023: $25,555Expenses 2023: $75,554Net Income 2023: -$49,9992023Revenue 2024: $25,325Expenses 2024: $87,993Net Income 2024: -$62,6682024

Highlighted filing

2017

Revenue$9,203,433
Expenses$13,332,096
Net Income-$4,128,663
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
May 15, 2018
Return Version
2017v2.3
Gross Receipts
$15,794,273
Mission and Program Overview

Mission

To provide funding for the payment of post-retirement benefits to retired employees of avaya inc.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$76,189,377$78,614,641▲ $2,425,264
Rtn Earn Endowment Incm Other Fnds$76,133,163$78,580,133▲ $2,446,970
Accounts Receivable$16,049$0▼ $16,049
Cash and Non-Interest-Bearing Accounts$0$0→ $0
Savings and Temporary Cash Investments$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
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$76,205,426$78,614,641▲ $2,409,215
Other Assets Total$0$0→ $0
Liabilities
Accounts Payable and Accrued Expenses$72,263$34,508▼ $37,755
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$72,263$34,508▼ $37,755
Net Assets / Fund Balance
Total Net Assets Fund Balance$76,133,163$78,580,133▲ $2,446,970
Total Liabilities and Net Assets / Fund Balance$76,205,426$78,614,641▲ $2,409,215
Compensation and Service Providers

Employees

NameTitleBaseTotal
Bny MellonTrustee$12,918$12,918

Highest Paid Contractors

ContractorServicesLocationCompensation
MetLifeclaims administrator401 US Highway 22, Bridgewater, NJ 08807$312,084
one exchangeclaims administrator10975 s sterling view dr, South Jordan, UT 84095$291,904
ADP IncClaims AdministratorONE ADP DRIVE MS-100, Augusta, GA 30909$236,735
Aetnaclaims administrator151 Farmington Avenue, Hartford, CT 06156$210,983
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$7,780,008
Investment Income
$1,423,425
Other Revenue
$0
Change in Net Assets
$-4,128,663
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$720,239
Salaries, Compensation, and Employee Benefits$12,918
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Benefits to Members---$12,598,939
Fees for Services Management---$609,948
Fees for Service Investment Mgmnt Fees---$153,268
Fees for Services Accounting---$38,390
Fees for Services Other---$32,156
Current Officers, Directors, Trustees, and Key Employees---$12,918
Other Expenses---$-113,523
Total Functional Expenses$0$0$0$13,332,096
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
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
Conflict-of-interest policy
No
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, section A, line 3

The trust operates for the exclusive purpose of funding health benefit payments sponsored by Avaya 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 Avaya Inc.

Form 990, Part VI, section B, line 11

A member of the pension and benefit investment committee of Avaya Inc. reviews the Form 990 prior to filing.

Form 990, Part VI, section C, line 19

No documents available to the public.

Form 990, Part VI, line 9

BNY Mellon - 135 Santilli Highway, Everett, MA 02149-1950

Filing and Contact Details

Filer

Filer Name
AVAYA INC REPRESENTED EMPLOYEES'
EIN
36-7364496
In Care Of
% SONIA GRUNWALD
Phone
9089533774
Address
350 MT KEMBLE AVE, MORRISTOWN, NJ 07960

Signing Officer

Name
L DAVID DELL'OSSO
Title
officer
Phone
9089533774
Signed
2018-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
L David Dell'Osso
Formed
2001
Legal Domicile
Nj
Voting Board Members
4
Independent Board Members
4
Employees
0

Preparer

Firm
Eisneramper Llp
Address
111 WOOD AVE SO STE 600, ISELIN, NJ 08830-2700
Preparer
Paul Dougherty
Phone
7322437000
Raw XML Appendix385 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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IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt076133163
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt078580133
IRS990/SavingsAndTempCashInvstGrp/BOYAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990/ScheduleBRequiredInd0false
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The trust operates for the exclusive purpose of funding health benefit payments sponsored by Avaya 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 Avaya Inc.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A member of the pension and benefit investment committee of Avaya Inc. reviews the Form 990 prior to filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2No documents available to the public.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3BNY Mellon - 135 Santilli Highway, Everett, MA 02149-1950
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, section A, line 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, section B, line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, section C, line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, line 9
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0true
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EIN0223713430
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt0C Corp
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd0DE
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt0Telecommunica
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt0AVAYA INC
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/AddressLine1Txt0350 MT KEMBLE AVE
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/CityNm0morristown
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/StateAbbreviationCd0NJ
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/ZIPCd007960
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0false
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0false
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0true
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0true
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0false
IRS990ScheduleR/TransferFromOtherOrgInd0false
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/TotalAssetsBOYAmt076205426
IRS990/TotalAssetsEOYAmt078614641
IRS990/TotalAssetsGrp/BOYAmt076205426
IRS990/TotalAssetsGrp/EOYAmt078614641
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt013332096
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt072263
IRS990/TotalLiabilitiesEOYAmt034508
IRS990/TotalLiabilitiesGrp/BOYAmt072263
IRS990/TotalLiabilitiesGrp/EOYAmt034508
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt076133163
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt078580133
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceRevenueAmt07780008
IRS990/TotalReportableCompFromOrgAmt012918
IRS990/TotalRevenueGrp/ExclusionAmt01423425
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt07780008
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt09203433
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt076205426
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt078614641
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/TotalAmt00
IRS990/TypeOfOrganizationTrustInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt00
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt00
IRS990/USAddress/AddressLine1Txt0350 MT KEMBLE AVE
IRS990/USAddress/CityNm0MORRISTOWN
IRS990/USAddress/StateAbbreviationCd0NJ
IRS990/USAddress/ZIPCd007960
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt04
IRS990/WebsiteAddressTxt0Not Applicable
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02018-06-14 16:35:46Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0L DAVID DELL'OSSO
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0officer
ReturnHeader/BusinessOfficerGrp/PhoneNum09089533774
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-05-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0AVAYA INC REPRESENTED EMPLOYEES'
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0POSTRETIREMENT HEALTH BENEFITS TRUST
ReturnHeader/Filer/BusinessNameControlTxt0AVAY
ReturnHeader/Filer/EIN0367364496
ReturnHeader/Filer/InCareOfNm0% SONIA GRUNWALD
ReturnHeader/Filer/PhoneNum09089533774
ReturnHeader/Filer/USAddress/AddressLine1Txt0350 MT KEMBLE AVE
ReturnHeader/Filer/USAddress/CityNm0MORRISTOWN
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NJ
ReturnHeader/Filer/USAddress/ZIPCd007960
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId059644ADEE67D9146A0AFE4941C01EA07CEB282B5
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId059644ADEE67D9146A0AFE4941C01EA07CEB282B5
ReturnHeader/FilingSecurityInformation/FederalOriginalSubmissionId020870020181315000005
ReturnHeader/FilingSecurityInformation/FederalOriginalSubmissionIdDt02018-05-11
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt064.238.150.11
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0EISNERAMPER LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0111 WOOD AVE SO STE 600
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0ISELIN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NJ
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0088302700
ReturnHeader/PreparerPersonGrp/PhoneNum07322437000
ReturnHeader/PreparerPersonGrp/PreparationDt02018-05-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0PAUL DOUGHERTY
ReturnHeader/ReturnTs02018-05-11T11:42:13-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-01-01
ReturnHeader/TaxPeriodEndDt02017-12-31
ReturnHeader/TaxYr02017

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.$7.84$0.00$7.84$0.03$0.09$0.06
2023Detailed filing. Detailed filing data is available for this year.$7.95$0.00$7.95$0.03$0.08$0.05
2022Detailed filing. Detailed filing data is available for this year.$7.59$0.01$7.57$7.32$8.46$1.15
2021Detailed filing. Detailed filing data is available for this year.$11.2$0.00$11.2$49.2$9.93$39.3
2020Detailed filing. Detailed filing data is available for this year.$81.5$0.02$81.4$9.84$12.9$3.04
2019Detailed filing. Detailed filing data is available for this year.$77.0$0.04$76.9$11.2$14.7$3.49
2018Detailed filing. Detailed filing data is available for this year.$70.2$0.07$70.1$10.3$14.4$4.10
2017Detailed filing. Detailed filing data is available for this year.$78.6$0.03$78.6$9.20$13.3$4.13
2016Detailed filing. Detailed filing data is available for this year.$76.2$0.07$76.1$35.9$44.5$8.69
2015Detailed filing. Detailed filing data is available for this year.$82.3$0.17$82.2$27.6$42.1$14.6
2014Detailed filing. Detailed filing data is available for this year.$99.3$0.07$99.2$39.8$47.2$7.43
2013Detailed filing. Detailed filing data is available for this year.$103$0.09$103$45.5$47.4$1.90
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$102$0.02$102$47.2
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$93.5$0.02$93.5$43.7
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$84.2$0.97$83.2$47.8