Civic Intelligence

Mrt Welfare Benefit Trust

990 • Fiscal year 2019 • EIN 36-7374467

Jan 01, 2019 to Dec 31, 2019 • Filed on Nov 13, 2020

Organization ProfileN/A
1111 Louisiana St 3811EHouston, TX 77002-5230

(713) 207-1111

Siviq Scores

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

Liabilities / Assets

27th percentile

0.00x

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

2019 filings • 501(c)9 • $5M-$10M nonprofits • Source year 2019

Liabilities / Revenue

28th percentile

0.00x

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

2019 filings • 501(c)9 • $5M-$10M nonprofits • Source year 2019

Net Margin

63rd percentile

9.0%

Higher net margin than 63% of similar nonprofits.

2019 filings • 501(c)9 • $5M-$10M nonprofits • Source year 2019

Top Officer Pay

56th percentile

$3,770

Higher top officer pay than 56% of similar nonprofits.

Top officer pay equals 1.2% of source-year revenue.

2019 filings • 501(c)9 • $5M-$10M nonprofits • Source year 2019

Asset Growth

54th percentile

8.8%

Faster asset growth than 54% of similar nonprofits.

2019 filings • 501(c)9 • $5M-$10M nonprofits • Annualized from 2018 to 2019

Revenue Growth

21st percentile

-8.1%

Faster revenue growth than 21% of similar nonprofits.

2019 filings • 501(c)9 • $5M-$10M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets27th percentile

Assets

Up

$7,108,167

Up $576,006 (+8.8%) from 2018

Net Assets

Up

$7,108,167

Up $576,006 (+8.8%) from 2018

Liabilities

Flat

$0

Flat from 2018

Revenue And Expenses
Liabilities / Revenue28th percentileNet Margin63rd percentile

Revenue

Down

$303,353

Down $26,682 (-8.1%) from 2018

Expenses

Down

$276,197

Down $159,525 (-37%) from 2018

Net Income

Up

$27,156

Up $132,843 (+126%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth54th percentile

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

$8.0M$6.0M$4.0M$2.0M$0Assets 2011: $6,224,035Liabilities 2011: $0Net Assets 2011: $6,224,0352011Assets 2012: $6,888,372Liabilities 2012: $0Net Assets 2012: $6,888,3722012Assets 2013: $7,332,725Liabilities 2013: $0Net Assets 2013: $7,332,7252013Assets 2014: $7,396,460Liabilities 2014: $0Net Assets 2014: $7,396,4602014Assets 2015: $7,093,379Liabilities 2015: $0Net Assets 2015: $7,093,3792015Assets 2016: $6,683,030Liabilities 2016: $0Net Assets 2016: $6,683,0302016Assets 2017: $6,870,451Liabilities 2017: $0Net Assets 2017: $6,870,4512017Assets 2018: $6,532,161Liabilities 2018: $0Net Assets 2018: $6,532,1612018Assets 2019: $7,108,167Liabilities 2019: $0Net Assets 2019: $7,108,1672019Assets 2020: $7,596,652Liabilities 2020: $0Net Assets 2020: $7,596,6522020Assets 2021: $7,946,011Liabilities 2021: $0Net Assets 2021: $7,946,0112021Assets 2022: $7,092,581Liabilities 2022: $0Net Assets 2022: $7,092,5812022Assets 2023: $7,637,518Liabilities 2023: $0Net Assets 2023: $7,637,5182023Assets 2024: $7,984,802Liabilities 2024: $0Net Assets 2024: $7,984,8022024

Highlighted filing

2019

Assets$7,108,167
Liabilities$0
Net Assets$7,108,167
Open 2019 Filing

Operations Trend

Revenue Growth21st percentile

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

$1.0M$500K$0-$500KExpenses 2011: $776,6332011Expenses 2012: $657,8382012Revenue 2013: $927,412Expenses 2013: $635,632Net Income 2013: $291,7802013Revenue 2014: $423,777Expenses 2014: $673,898Net Income 2014: -$250,1212014Revenue 2015: $422,333Expenses 2015: $630,929Net Income 2015: -$208,5962015Revenue 2016: $425,254Expenses 2016: $775,138Net Income 2016: -$349,8842016Revenue 2017: $564,955Expenses 2017: $428,856Net Income 2017: $136,0992017Revenue 2018: $330,035Expenses 2018: $435,722Net Income 2018: -$105,6872018Revenue 2019: $303,353Expenses 2019: $276,197Net Income 2019: $27,1562019Revenue 2020: $292,216Expenses 2020: $199,081Net Income 2020: $93,1352020Revenue 2021: $291,067Expenses 2021: $183,551Net Income 2021: $107,5162021Revenue 2022: $254,972Expenses 2022: $228,668Net Income 2022: $26,3042022Revenue 2023: $258,964Expenses 2023: $207,422Net Income 2023: $51,5422023Revenue 2024: $300,305Expenses 2024: $171,198Net Income 2024: $129,1072024

Highlighted filing

2019

Revenue$303,353
Expenses$276,197
Net Income$27,156
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Nov 13, 2020
Return Version
2019v5.1
Gross Receipts
$549,994
Mission and Program Overview

Mission

The trust was established in order to receive contributions from the company and to pay for health and welfare benefits for eligible retired employees of the company and their dependents.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$6,532,161$7,108,167▲ $576,006
Cap Stk Tr Prin Current Funds$6,532,161$7,108,167▲ $576,006
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Rtn Earn Endowment Incm Other Fnds$0$0→ $0
Total Assets$6,532,161$7,108,167▲ $576,006
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$6,532,161$7,108,167▲ $576,006
Total Liabilities and Net Assets / Fund Balance$6,532,161$7,108,167▲ $576,006

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$5,383,611--
Compensation and Service Providers
Top Officer Pay56th percentile

Employees

NameTitleBaseTotal
Stephany Lin-abneyTrustee$3,770$3,770

Board Members and Trustees

NameTitle
Julienne SugarekChairman
Brad TutunjianCommittee Member
Carla KneippCommittee Member
Lynn Harkel-rumfordCommittee Member
-Secretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$90,521
Investment Income
$212,832
Other Revenue
$0
Change in Net Assets
$27,156

Audited Revenue Reconciliation

Revenue per Audited Statements
$303,353
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$548,850
Total Revenue per Audited Statements
$852,203
Total Revenue per Form 990
$303,353
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$16,297
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Benefits to Members$259,900--$259,900
Fees for Services Accounting-$3,500-$3,500
Other Expenses$2,122--$2,122
All Other Expenses$4--$4
Total Functional Expenses$272,697$3,500$0$276,197

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$276,197
Total Expenses per Audited Statements$276,197
Total Expenses per Form 990$276,197
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 7A

“Election of members and their rights - all members of the benefits committee are appointed by centerpoint energy inc. For whom the benefits of this trust are administered.”

Form 990, Part VI, Section A, Line 7B

“Decisions subject to approval of members - all members of the benefits committee are appointed by centerpoint energy inc. And are subject to removal.”

Form 990, Part VI, Section B, Line 11B

“Organization's process to review form 990 - electronic copy provided for review.”

Form 990, Part VI, Section B, Line 12C

“Enforcement of conflicts policy - by annual ethics training.”

Form 990, Part VI, Section C, Line 19

“Governing documents disclosure explanation - upon request.”

Filing and Contact Details

Filer

Filer Name
Mrt Welfare Benefit Trust
EIN
36-7374467
Phone
7132071111
Address
1111 LOUISIANA ST 3811E, HOUSTON, TX 77002-5230

Signing Officer

Name
Robert Mcrae
Title
VP and Treasurer
Phone
7132071111
Signed
2020-11-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Robert Mcrae
Formed
1997
Legal Domicile
TX
Voting Board Members
4
Independent Board Members
0
Employees
0
Volunteers
0

Preparer

Firm
Mcconnell & Jones Llp
Address
4828 LOOP CENTRAL DRIVE SUITE 1000, HOUSTON, TX 77081
Preparer
Tene Thomas
Phone
7139681600
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

“Financial statements and reporting - the organization has not changed either its oversight process or selection process during the tax year.”

Raw XML Appendix359 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/ExplanationTxt0ELECTION OF MEMBERS AND THEIR RIGHTS - ALL MEMBERS OF THE BENEFITS COMMITTEE ARE APPOINTED BY CENTERPOINT ENERGY INC. FOR WHOM THE BENEFITS OF THIS TRUST ARE ADMINISTERED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DECISIONS SUBJECT TO APPROVAL OF MEMBERS - ALL MEMBERS OF THE BENEFITS COMMITTEE ARE APPOINTED BY CENTERPOINT ENERGY INC. AND ARE SUBJECT TO REMOVAL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ORGANIZATION'S PROCESS TO REVIEW FORM 990 - ELECTRONIC COPY PROVIDED FOR REVIEW.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ENFORCEMENT OF CONFLICTS POLICY - BY ANNUAL ETHICS TRAINING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4GOVERNING DOCUMENTS DISCLOSURE EXPLANATION - UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5FINANCIAL STATEMENTS AND REPORTING - THE ORGANIZATION HAS NOT CHANGED EITHER ITS OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE TAX YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XII, LINE 2C:
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IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
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IRS990/TotalEmployeeCnt00
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IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt03500
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0272697
IRS990/TotalFunctionalExpensesGrp/TotalAmt0276197
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt04828 LOOP CENTRAL DRIVE SUITE 1000
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0HOUSTON
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ReturnHeader/ReturnTs02020-11-14T12:30:37-06:00
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ReturnHeader/TaxPeriodBeginDt02019-01-01
ReturnHeader/TaxPeriodEndDt02019-12-31
ReturnHeader/TaxYr02019

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$7,108,167
Liabilities
$0
Net assets
$7,108,167
Revenue
$303,353
Expenses
$276,197
Net income
$27,156
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.98$0.00$7.98$0.30$0.17$0.13
2023Detailed filing. Detailed filing data is available for this year.$7.64$0.00$7.64$0.26$0.21$0.05
2022Detailed filing. Detailed filing data is available for this year.$7.09$0.00$7.09$0.25$0.23$0.03
2021Detailed filing. Detailed filing data is available for this year.$7.95$0.00$7.95$0.29$0.18$0.11
2020Detailed filing. Detailed filing data is available for this year.$7.60$0.00$7.60$0.29$0.20$0.09
2019Detailed filing. Detailed filing data is available for this year.$7.11$0.00$7.11$0.30$0.28$0.03
2018Detailed filing. Detailed filing data is available for this year.$6.53$0.00$6.53$0.33$0.44$0.11
2017Detailed filing. Detailed filing data is available for this year.$6.87$0.00$6.87$0.56$0.43$0.14
2016Detailed filing. Detailed filing data is available for this year.$6.68$0.00$6.68$0.43$0.78$0.35
2015Detailed filing. Detailed filing data is available for this year.$7.09$0.00$7.09$0.42$0.63$0.21
2014Detailed filing. Detailed filing data is available for this year.$7.40$0.00$7.40$0.42$0.67$0.25
2013Detailed filing. Detailed filing data is available for this year.$7.33$0.00$7.33$0.93$0.64$0.29
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.89$0.00$6.89$0.66
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.22$0.00$6.22$0.78