Civic Intelligence

Solutia Retiree Welfare Tr 98 K079 00 6

990 • Fiscal year 2018 • EIN 39-2056615

Jan 01, 2018 to Dec 31, 2018 • Filed on Nov 06, 2019

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

45th percentile

0.01x

Higher debt load relative to assets than 45% of similar nonprofits.

2018 filings • 501(c)9 • $100M-$250M nonprofits • Source year 2018

Liabilities / Revenue

84th percentile

0.22x

Higher debt load relative to revenue than 84% of similar nonprofits.

2018 filings • 501(c)9 • $100M-$250M nonprofits • Source year 2018

Net Margin

6th percentile

-52%

Higher net margin than 6% of similar nonprofits.

2018 filings • 501(c)9 • $100M-$250M nonprofits • Source year 2018

Top Officer Pay

33rd percentile

$0

Higher top officer pay than 33% of similar nonprofits.

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

2018 filings • 501(c)9 • $100M-$250M nonprofits • Source year 2018

Asset Growth

26th percentile

-6.2%

Faster asset growth than 26% of similar nonprofits.

2018 filings • 501(c)9 • $100M-$250M nonprofits • Annualized from 2017 to 2018

Revenue Growth

11th percentile

-15%

Faster revenue growth than 11% of similar nonprofits.

2018 filings • 501(c)9 • $100M-$250M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets45th percentile

Assets

Down

$107,951,609

Down $7,151,846 (-6.2%) from 2017

Net Assets

Down

$106,487,921

Down $8,606,464 (-7.5%) from 2017

Liabilities

Up

$1,463,688

Up $1,454,618 (+16038%) from 2017

Revenue And Expenses
Liabilities / Revenue84th percentileNet Margin6th percentile

Revenue

Down

$6,667,451

Down $1,167,010 (-15%) from 2017

Expenses

Up

$10,142,223

Up $752,382 (+8.0%) from 2017

Net Income

Down

-$3,474,772

Down $1,919,392 (-123%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth26th 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

2018

Assets$107,951,609
Liabilities$1,463,688
Net Assets$106,487,921
Open 2018 Filing

Operations Trend

Revenue Growth11th 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

2018

Revenue$6,667,451
Expenses$10,142,223
Net Income-$3,474,772
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Nov 6, 2019
Return Version
2018v3.1
Gross Receipts
$35,569,341
Mission and Program Overview

Mission

To provide welfare benefits to retirees.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cap Stk Tr Prin Current Funds$115,094,385$106,487,921▼ $8,606,464
Investments in Publicly Traded Securities$112,242,610$102,599,009▼ $9,643,601
Savings and Temporary Cash Investments$1,796,820$4,054,556▲ $2,257,736
Accounts Receivable$1,064,025$1,298,044▲ $234,019
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Rtn Earn Endowment Incm Other Fnds$0$0→ $0
Total Assets$115,103,455$107,951,609▼ $7,151,846
Liabilities
Accounts Payable and Accrued Expenses$9,070$1,463,688▲ $1,454,618
Total Liabilities$9,070$1,463,688▲ $1,454,618
Net Assets / Fund Balance
Total Net Assets Fund Balance$115,094,385$106,487,921▼ $8,606,464
Total Liabilities and Net Assets / Fund Balance$115,103,455$107,951,609▼ $7,151,846
Compensation and Service Providers
Top Officer Pay33rd percentile

Board Members and Trustees

NameTitle
-Trustee
Curt EspelandExe. VP, Chief Financial Officer
Perry StuckeySVP, Chief Hr Officer
David GoldenSVP, Chief Legal & Sustainability Officer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$3,422,908
Investment Income
$3,244,543
Other Revenue
$0
Change in Net Assets
$-3,474,772

Audited Revenue Reconciliation

Revenue per Audited Statements
$6,667,451
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$-4,746,814
Total Revenue per Audited Statements
$1,920,637
Total Revenue per Form 990
$6,667,451
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$707,845
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---$9,434,378
Other Expenses---$574,843
Fees for Services Other---$85,616
Fees for Services Management---$30,550
Fees for Service Investment Mgmnt Fees---$16,836
Total Functional Expenses$0$0$0$10,142,223

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$10,142,223
Total Expenses per Audited Statements$10,142,223
Total Expenses per Form 990$10,142,223
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
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 11B

“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.”

Part VII, Section A Compensation of Offices, Directors, Trustees, Key Empl

“Compensation for the governing voting members is reported as zero as the members serve as volunteers to the solutia, inc. (volunteer exception).”

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
2019-11-06
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
3

Preparer

Firm
Mitchell & Titus Llp
Address
80 PINE STREET 32 FL, NEW YORK, NY 10005
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. -384,878.”

Form 990, Part XII, Line 1

“The 2018 form 990 has been prepared based on the audited financial statements of the solutia inc. Retire welfare plan which is on the accrual basis of accounting in accordance with generally accepted accounting principles in the united states of america ("u.s. Gaap").”

Financial Statement Notes

PART X, LINE 2:

“The plan administrator has analyzed the tax positions taken by the plan, and has concluded that as of december 31, 2018, there are no uncertain positions taken or expected to be taken that would require recognition of a liability (or asset) or disclosure in the financial statements. The plan is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax period in progress.”

Raw XML Appendix335 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/AccountsPayableAccrExpnssGrp/BOYAmt09070
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt01463688
IRS990/AccountsReceivableGrp/BOYAmt01064025
IRS990/AccountsReceivableGrp/EOYAmt01298044
IRS990/AcctCompileOrReviewBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0TO PROVIDE WELFARE BENEFITS TO RETIREES.
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BenefitsToMembersGrp/TotalAmt09434378
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/BOYAmt0115094385
IRS990/CapStkTrPrinCurrentFundsGrp/EOYAmt0106487921
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt09434378
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt03244543
IRS990/CYOtherExpensesAmt0707845
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt03422908
IRS990/CYRevenuesLessExpensesAmt0-3474772
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt010142223
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt06667451
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/ExpenseAmt010142223
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesManagementGrp/TotalAmt030550
IRS990/FeesForServicesOtherGrp/TotalAmt085616
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt016836
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt00.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt10.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt20.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt30.00
IRS990/Form990PartVIISectionAGrp/BusinessName/BusinessNameLine1Txt0NORTHERN TRUST COMPANY
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/InstitutionalTrusteeInd0X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/PersonNm0DAVID GOLDEN
IRS990/Form990PartVIISectionAGrp/PersonNm1PERRY STUCKEY
IRS990/Form990PartVIISectionAGrp/PersonNm2CURT ESPELAND
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/TitleTxt0SVP, CHIEF LEGAL & SUSTAINABILITY OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt1SVP, CHIEF HR OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt2EXE. VP, CHIEF FINANCIAL OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt3TRUSTEE
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02007
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/SecuritiesAmt0-561354
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt03
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt028340536
IRS990/GrossReceiptsAmt035569341
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt00
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt03805897
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt03805897
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt0112242610
IRS990/InvestmentsPubTradedSecGrp/EOYAmt0102599009
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0MO
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt028901890
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO PROVIDE WELFARE BENEFITS TO RETIREES.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt0115094385
IRS990/NetAssetsOrFundBalancesEOYAmt0106487921
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt0-561354
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-561354
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0-4746814
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt0-384878
IRS990/OtherExpensesGrp/Desc0ADMINISTRATIVE EXPENSES
IRS990/OtherExpensesGrp/TotalAmt0574843
IRS990/PartialLiquidationInd00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0JASON PODVIN
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/Desc0PARTICIPANT CONTRIBUTIONS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt03422908
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt03422908
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt08286532
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt04075296
IRS990/PYOtherExpensesAmt01103309
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt03759165
IRS990/PYRevenuesLessExpensesAmt0-1555380
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt09389841
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt07834461
IRS990/ReconcilationRevenueExpnssAmt0-3474772
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01796820
IRS990/SavingsAndTempCashInvstGrp/EOYAmt04054556
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt010142223
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0-4746814
IRS990ScheduleD/RevenueNotReportedAmt0-4746814
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt06667451
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE PLAN ADMINISTRATOR HAS ANALYZED THE TAX POSITIONS TAKEN BY THE PLAN, AND HAS CONCLUDED THAT AS OF DECEMBER 31, 2018, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE PLAN IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIOD IN PROGRESS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt010142223
IRS990ScheduleD/TotalRevenuePerForm990Amt06667451
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01920637
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt010142223
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/ExplanationTxt6COMPENSATION FOR THE GOVERNING VOTING MEMBERS IS REPORTED AS ZERO AS THE MEMBERS SERVE AS VOLUNTEERS TO THE SOLUTIA, INC. (VOLUNTEER EXCEPTION).
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7TRANSFER TO SOLUTIA INC. MEDICAL PLAN FOR RETIREES. -384,878.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8THE 2018 FORM 990 HAS BEEN PREPARED BASED ON THE AUDITED FINANCIAL STATEMENTS OF THE SOLUTIA INC. RETIRE WELFARE PLAN WHICH IS ON THE ACCRUAL BASIS OF ACCOUNTING IN ACCORDANCE WITH GENERALLY ACCEPTED ACCOUNTING PRINCIPLES IN THE UNITED STATES OF AMERICA ("U.S. GAAP").
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 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6PART VII, SECTION A COMPENSATION OF OFFICES, DIRECTORS, TRUSTEES, KEY EMPL
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART XI, LINE 9:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8FORM 990, PART XII, LINE 1
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/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0115103455
IRS990/TotalAssetsEOYAmt0107951609
IRS990/TotalAssetsGrp/BOYAmt0115103455
IRS990/TotalAssetsGrp/EOYAmt0107951609
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt010142223
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt09070
IRS990/TotalLiabilitiesEOYAmt01463688
IRS990/TotalLiabilitiesGrp/BOYAmt09070
IRS990/TotalLiabilitiesGrp/EOYAmt01463688
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0115094385
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0106487921
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt010142223
IRS990/TotalProgramServiceRevenueAmt03422908
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt06667451
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt06667451
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt03
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0115103455
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0107951609
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/BuildTS02020-03-31 21:24:44Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0JASON PODVIN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0DIRECTOR, GLOBAL BENEFITS
ReturnHeader/BusinessOfficerGrp/PhoneNum04232240104
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-11-06
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/FilingSecurityInformation/AtSubmissionCreationDeviceId0DA39A3EE5E6B4B0D3255BFEF95601890AFD80709
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0967D3CD829B811446B72C6282C61D660DAA39130
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt038.104.190.50
ReturnHeader/FilingSecurityInformation/IPDt02019-11-06
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0ES
ReturnHeader/FilingSecurityInformation/IPTm014:37:46
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0132781641
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0MITCHELL & TITUS LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt080 PINE STREET 32 FL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0NEW YORK
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd010005
ReturnHeader/PreparerPersonGrp/PhoneNum02127094500
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0FREDERICK E DAVIS JR
ReturnHeader/ReturnTs02019-11-06T14:38:39-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02018-01-01
ReturnHeader/TaxPeriodEndDt02018-12-31
ReturnHeader/TaxYr02018

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$107,951,609
Liabilities
$1,463,688
Net assets
$106,487,921
Revenue
$6,667,451
Expenses
$10,142,223
Net income
-$3,474,772
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