Civic Intelligence

Solutia Retiree Welfare Tr 98 K079 00 6

990 • Fiscal year 2015 • EIN 39-2056615

Jan 01, 2015 to Dec 31, 2015 • Filed on Nov 14, 2016

Organization ProfileN/A
200 S Wilcox DrKingsport, TN 37660

(423) 224-0104

Siviq Scores

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

Liabilities / Assets

18th percentile

0.00x

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

2015 filings • 501(c)9 • $100M-$250M nonprofits • Source year 2015

Liabilities / Revenue

18th percentile

0.00x

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

2015 filings • 501(c)9 • $100M-$250M nonprofits • Source year 2015

Net Margin

4th percentile

-77%

Higher net margin than 4% of similar nonprofits.

2015 filings • 501(c)9 • $100M-$250M nonprofits • Source year 2015

Top Officer Pay

32nd percentile

$0

Higher top officer pay than 32% of similar nonprofits.

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

2015 filings • 501(c)9 • $100M-$250M nonprofits • Source year 2015

Asset Growth

16th percentile

-10%

Faster asset growth than 16% of similar nonprofits.

2015 filings • 501(c)9 • $100M-$250M nonprofits • Annualized from 2014 to 2015

Revenue Growth

98th percentile

99%

Faster revenue growth than 98% of similar nonprofits.

2015 filings • 501(c)9 • $100M-$250M nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets18th percentile

Assets

Down

$120,509,440

Down $13,684,126 (-10%) from 2014

Net Assets

Down

$120,509,440

Down $13,684,126 (-10%) from 2014

Liabilities

Flat

$0

Flat from 2014

Revenue And Expenses
Liabilities / Revenue18th percentileNet Margin4th percentile

Revenue

Up

$10,517,372

Up $5,225,086 (+99%) from 2014

Expenses

Up

$18,662,453

Up $5,277,159 (+39%) from 2014

Net Income

Down

-$8,145,081

Down $52,073 (-0.6%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth16th percentile

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

$200M$150M$100M$50M$0Assets 2011: $159,287,192Liabilities 2011: $0Net Assets 2011: $159,287,1922011Assets 2012: $156,993,734Liabilities 2012: $0Net Assets 2012: $156,993,7342012Assets 2013: $136,114,323Liabilities 2013: $0Net Assets 2013: $136,114,3232013Assets 2014: $134,193,566Liabilities 2014: $0Net Assets 2014: $134,193,5662014Assets 2015: $120,509,440Liabilities 2015: $0Net Assets 2015: $120,509,4402015Assets 2016: $115,126,932Liabilities 2016: $192,839Net Assets 2016: $114,934,0932016Assets 2017: $115,103,455Liabilities 2017: $9,070Net Assets 2017: $115,094,3852017Assets 2018: $107,951,609Liabilities 2018: $1,463,688Net Assets 2018: $106,487,9212018Assets 2019: $111,970,006Liabilities 2019: $94,796Net Assets 2019: $111,875,2102019Assets 2020: $116,242,046Liabilities 2020: $1,025,059Net Assets 2020: $115,216,9872020Assets 2021: $108,627,625Liabilities 2021: $1,239,033Net Assets 2021: $107,388,5922021Assets 2022: $88,859,895Liabilities 2022: $314,719Net Assets 2022: $88,545,1762022Assets 2023: $89,472,496Liabilities 2023: $95,190Net Assets 2023: $89,377,3062023Assets 2024: $87,377,501Liabilities 2024: $89,469Net Assets 2024: $87,288,0322024

Highlighted filing

2015

Assets$120,509,440
Liabilities$0
Net Assets$120,509,440
Open 2015 Filing

Operations Trend

Revenue Growth98th percentile

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

$30M$20M$10M$0-$10M-$20MRevenue 2011: $7,605,701Expenses 2011: $20,771,369Net Income 2011: -$13,165,6682011Expenses 2012: $20,716,3862012Revenue 2013: $4,561,292Expenses 2013: $16,779,508Net Income 2013: -$12,218,2162013Revenue 2014: $5,292,286Expenses 2014: $13,385,294Net Income 2014: -$8,093,0082014Revenue 2015: $10,517,372Expenses 2015: $18,662,453Net Income 2015: -$8,145,0812015Revenue 2016: $9,659,824Expenses 2016: $16,542,800Net Income 2016: -$6,882,9762016Revenue 2017: $7,834,461Expenses 2017: $9,389,841Net Income 2017: -$1,555,3802017Revenue 2018: $6,667,451Expenses 2018: $10,142,223Net Income 2018: -$3,474,7722018Revenue 2019: $6,070,067Expenses 2019: $9,004,722Net Income 2019: -$2,934,6552019Revenue 2020: $5,920,241Expenses 2020: $7,520,848Net Income 2020: -$1,600,6072020Revenue 2021: $6,338,046Expenses 2021: $7,938,924Net Income 2021: -$1,600,8782021Revenue 2022: $3,472,948Expenses 2022: $6,796,231Net Income 2022: -$3,323,2832022Revenue 2023: $2,208,356Expenses 2023: $6,252,248Net Income 2023: -$4,043,8922023Revenue 2024: $3,472,252Expenses 2024: $5,147,006Net Income 2024: -$1,674,7542024

Highlighted filing

2015

Revenue$10,517,372
Expenses$18,662,453
Net Income-$8,145,081
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Nov 14, 2016
Return Version
2015v2.1
Gross Receipts
$33,032,243
Mission and Program Overview

Mission

To provide welfare benefits to retirees.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cap Stk Tr Prin Current Funds$134,193,566$120,509,440▼ $13,684,126
Investments in Publicly Traded Securities$134,193,566$118,908,561▼ $15,285,005
Accounts Receivable-$1,276,110-
Cash and Non-Interest-Bearing Accounts-$324,769-
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Rtn Earn Endowment Incm Other Fnds$0$0→ $0
Total Assets$134,193,566$120,509,440▼ $13,684,126
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$134,193,566$120,509,440▼ $13,684,126
Total Liabilities and Net Assets / Fund Balance$134,193,566$120,509,440▼ $13,684,126
Compensation and Service Providers
Top Officer Pay32nd percentile

Board Members and Trustees

NameTitle
-Trustee from January 16, 2015
-Trustee until January 16, 2015
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$6,224,040
Investment Income
$4,293,332
Other Revenue
$0
Change in Net Assets
$-8,145,081

Audited Revenue Reconciliation

Revenue per Audited Statements
$10,517,372
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$-9,974,540
Total Revenue per Audited Statements
$542,832
Total Revenue per Form 990
$10,517,372
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,940,342
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---$16,722,111
Other Expenses---$1,793,070
Fees for Service Investment Mgmnt Fees---$147,272
Total Functional Expenses$0$0$0$18,662,453

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$18,885,074
Expenses per Audited Statements$18,662,453
Total Expenses per Form 990$18,662,453
Expenses Not Reported on Form 990$222,621
Expenses Not Reported on Financial Statements$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
Yes
Annual disclosure for covered persons
Yes
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
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, line 6

“The Organization has members or stockholders.”

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

“The oranization has members, stockholders, or other persons who may elect one or more members of the governing body.”

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

“Decisions of the governing body are subject to approval by members, stockholders, or other persons. Solutia Retiree Welfare Trust is administered by one human resources benefit manager. All changes to this plan must be approved by the voting members of the governing body.”

Form 990, Part VI, Section B, line 11

“The completed Form 990 is provided to voting members, prior to filing with the Internal Revenue Service.”

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

“Solutia, Inc. ("Solutia") is a wholly-owned subsidiary of Eastman Chemical Company ("Eastman"). All employees of Eastman including the voting members of the benefits planning committee are required to complete compliance and other risk based training classes on an annual basis. Employees' participation and test results are monitored by Solutia for reportable events (e.g. conflict of interest) and are reviewed by senior management of Solutia. There are no restrictions at this time which prohibit the governing body in policy discussions and decisions.”

Form 990, Part VI, Section C, line 19

“No documentation available to the public.”

Form 990 Part VII

“BMO Harris Bank NA was the trustee of the Plan until January 16, 2015, when the Northern Trust Company became the trustee of the Plan. There are 3 members of the Benefits Planning Committee, which is the governing body for the trust. None of them received compensation directly from the trust. Additional Information available upon request for the individual members.”

Filing and Contact Details

Filer

Filer Name
Solutia Inc
EIN
39-2056615
Phone
4232240104
Address
200 S Wilcox Dr, Kingsport, TN 37660
Doing Business As
Solutia Retiree Welfare Trust

Signing Officer

Name
Jason Podvin
Title
Director, Global Benefits
Phone
4232240104
Signed
2016-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jason Podvin
Formed
2007
Legal Domicile
Mo
Voting Board Members
3
Independent Board Members
0
Employees
0
Volunteers
0

Preparer

Firm
Mitchell & Titus Llp
Address
ONE BATTERY PARK PLAZA, NEW YORK, NY 10004
Preparer
Frederick E Davis Jr
Phone
2127094500
Supplemental Narrative

Additional Explanations

Form 990, Part XI, line 9:

“Transfer to Solutia Inc. MEdical Plan for Retirees. -680,461. Other adjustments - cash to accrual adjustments 1,106,953.”

Financial Statement Notes

Part XI, Line 2D - Other Adjustments:

“Accrual to Cash adjustments”

Part XII, Line 2D - Other Adjustments:

“Accrual to Cash adjustments”

Form 990, Schedule D, Part XI AND XII

“The 2015 audited financial statements of the plan have been prepared on the accrual basis of accounting, and the form 990 has been prepared on cash basis.”

Raw XML Appendix312 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/AccountantCompileOrReviewInd01
IRS990/AccountsReceivableGrp/EOYAmt01276110
IRS990/AcctCompileOrReviewBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0TO PROVIDE WELFARE BENEFITS TO RETIREES.
IRS990/AddressChangeInd0X
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BenefitsToMembersGrp/TotalAmt016722111
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0THE NORTHERN TRUST COMPANY
IRS990/BooksInCareOfDetail/PhoneNum03124447827
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt050 SOUTH LASALLE STREET
IRS990/BooksInCareOfDetail/USAddress/CityNm0CHICAGO
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0IL
IRS990/BooksInCareOfDetail/USAddress/ZIPCd060603
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOfficerEntInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CapStkTrPrinCurrentFundsGrp/BOYAmt0134193566
IRS990/CapStkTrPrinCurrentFundsGrp/EOYAmt0120509440
IRS990/CashNonInterestBearingGrp/EOYAmt0324769
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt016722111
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt04293332
IRS990/CYOtherExpensesAmt01940342
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt06224040
IRS990/CYRevenuesLessExpensesAmt0-8145081
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt018662453
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt010517372
IRS990/DecisionsSubjectToApprovaInd01
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/Desc0TO PROVIDE WELFARE BENEFITS TO RETIREES.
IRS990/DescribedInSection501c3Ind00
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd01
IRS990/DoingBusinessAsName/BusinessNameLine1Txt0Solutia Retiree Welfare Trust
IRS990/DonorAdvisedFundInd00
IRS990/ElectionOfBoardMembersInd01
IRS990/EmployeeCnt00
IRS990/ExpenseAmt016722111
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt0147272
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt00.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt10.00
IRS990/Form990PartVIISectionAGrp/BusinessName/BusinessNameLine1Txt0Northern Trust Company
IRS990/Form990PartVIISectionAGrp/BusinessName/BusinessNameLine1Txt1BMO Harris Bank NA
IRS990/Form990PartVIISectionAGrp/InstitutionalTrusteeInd0X
IRS990/Form990PartVIISectionAGrp/InstitutionalTrusteeInd1X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/TitleTxt0Trustee from January 16, 2015
IRS990/Form990PartVIISectionAGrp/TitleTxt1Trustee until January 16, 2015
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02007
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/SecuritiesAmt0665320
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt03
IRS990/GrantAmt016722111
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt023180191
IRS990/GrossReceiptsAmt033032243
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt00
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt03628012
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt03628012
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt0134193566
IRS990/InvestmentsPubTradedSecGrp/EOYAmt0118908561
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0MO
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt022514871
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingCashInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO PROVIDE WELFARE BENEFITS TO RETIREES.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt0134193566
IRS990/NetAssetsOrFundBalancesEOYAmt0120509440
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt0665320
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0665320
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0-5041546
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt0426492
IRS990/OtherExpensesGrp/Desc0Administrative expenses
IRS990/OtherExpensesGrp/TotalAmt01793070
IRS990/PartialLiquidationInd00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0Jason Podvin
IRS990/PriorPeriodAdjustmentsAmt0-923991
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/Desc0Participant contributions
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt06224040
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt06224040
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt013385294
IRS990/PYContributionsGrantsAmt01482893
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt03809393
IRS990/PYOtherExpensesAmt00
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0-8093008
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt013385294
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt05292286
IRS990/ReconcilationRevenueExpnssAmt0-8145081
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt010517372
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt00
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/ExpensesNotReportedAmt0222621
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt018662453
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0-5041546
IRS990ScheduleD/OtherExpensesIncludedAmt0222621
IRS990ScheduleD/OtherRevenueAmt0-4932994
IRS990ScheduleD/RevenueNotReportedAmt0-9974540
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt010517372
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0Accrual to Cash adjustments
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1Accrual to Cash adjustments
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2THE 2015 AUDITED FINANCIAL STATEMENTS OF THE PLAN HAVE BEEN PREPARED ON THE ACCRUAL BASIS OF ACCOUNTING, AND THE FORM 990 HAS BEEN PREPARED ON CASH BASIS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part XI, Line 2d - Other Adjustments:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Part XII, Line 2d - Other Adjustments:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Schedule D, Part XI AND XII
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt018662453
IRS990ScheduleD/TotalRevenuePerForm990Amt010517372
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0542832
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt018885074
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The Organization has members or stockholders.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The oranization has members, stockholders, or other persons who may elect one or more members of the governing body.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Decisions of the governing body are subject to approval by members, stockholders, or other persons. Solutia Retiree Welfare Trust is administered by one human resources benefit manager. All changes to this plan must be approved by the voting members of the governing body.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The completed Form 990 is provided to voting members, prior to filing with the Internal Revenue Service.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Solutia, Inc. ("Solutia") is a wholly-owned subsidiary of Eastman Chemical Company ("Eastman"). All employees of Eastman including the voting members of the benefits planning committee are required to complete compliance and other risk based training classes on an annual basis. Employees' participation and test results are monitored by Solutia for reportable events (e.g. conflict of interest) and are reviewed by senior management of Solutia. There are no restrictions at this time which prohibit the governing body in policy discussions and decisions.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5No documentation available to the public.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6BMO Harris Bank NA was the trustee of the Plan until January 16, 2015, when the Northern Trust Company became the trustee of the Plan. There are 3 members of the Benefits Planning Committee, which is the governing body for the trust. None of them received compensation directly from the trust. Additional Information available upon request for the individual members.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Transfer to Solutia Inc. MEdical Plan for Retirees. -680,461. Other adjustments - cash to accrual adjustments 1,106,953.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section A, line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section A, line 7b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section B, line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Section C, line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990 Part VII
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990, Part XI, line 9:
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EIN0621539359
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt0C
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd0TN
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt0GLOBAL MANUFACTURER & marketer of high-performance chemical-based materials.
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt0Eastman Chemical Company
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/AddressLine1Txt0100 N Eastman Road
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/CityNm0Kingsport
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/StateAbbreviationCd0TN
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/ZIPCd037660
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
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/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0134193566
IRS990/TotalAssetsEOYAmt0120509440
IRS990/TotalAssetsGrp/BOYAmt0134193566
IRS990/TotalAssetsGrp/EOYAmt0120509440
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt018662453
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0134193566
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0120509440
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt016722111
IRS990/TotalProgramServiceRevenueAmt06224040
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt010517372
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt010517372
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0134193566
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0120509440
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TypeOfOrganizationTrustInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0200 S Wilcox Dr
IRS990/USAddress/CityNm0Kingsport
IRS990/USAddress/StateAbbreviationCd0TN
IRS990/USAddress/ZIPCd037660
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt00
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0Jason Podvin
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Director, Global Benefits
ReturnHeader/BusinessOfficerGrp/PhoneNum04232240104
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-11-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SOLUTIA INC
ReturnHeader/Filer/BusinessNameControlTxt0SOLU
ReturnHeader/Filer/EIN0392056615
ReturnHeader/Filer/PhoneNum04232240104
ReturnHeader/Filer/USAddress/AddressLine1Txt0200 S Wilcox Dr
ReturnHeader/Filer/USAddress/CityNm0Kingsport
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TN
ReturnHeader/Filer/USAddress/ZIPCd037660
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0132781641
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0MITCHELL & TITUS LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0ONE BATTERY PARK PLAZA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0NEW YORK
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd010004
ReturnHeader/PreparerPersonGrp/PhoneNum02127094500
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Frederick E Davis Jr
ReturnHeader/ReturnTs02016-11-14T17:01:35-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-01-01
ReturnHeader/TaxPeriodEndDt02015-12-31
ReturnHeader/TaxYr02015

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
$120,509,440
Liabilities
$0
Net assets
$120,509,440
Revenue
$10,517,372
Expenses
$18,662,453
Net income
-$8,145,081
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$87.4$0.09$87.3$3.47$5.15$1.67
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$89.5$0.10$89.4$2.21$6.25$4.04
2022Detailed filing. Detailed filing data is available for this year.$88.9$0.31$88.5$3.47$6.80$3.32
2021Detailed filing. Detailed filing data is available for this year.$109$1.24$107$6.34$7.94$1.60
2020Detailed filing. Detailed filing data is available for this year.$116$1.03$115$5.92$7.52$1.60
2019Detailed filing. Detailed filing data is available for this year.$112$0.09$112$6.07$9.00$2.93
2018Detailed filing. Detailed filing data is available for this year.$108$1.46$106$6.67$10.1$3.47
2017Detailed filing. Detailed filing data is available for this year.$115$0.01$115$7.83$9.39$1.56
2016Detailed filing. Detailed filing data is available for this year.$115$0.19$115$9.66$16.5$6.88
2015Detailed filing. Detailed filing data is available for this year.$121$0.00$121$10.5$18.7$8.15
2014Detailed filing. Detailed filing data is available for this year.$134$0.00$134$5.29$13.4$8.09
2013Detailed filing. Detailed filing data is available for this year.$136$0.00$136$4.56$16.8$12.2
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$157$0.00$157$20.7
2011Summary only. Only limited summary data is available for this year.$159$0.00$159$7.61$20.8$13.2