Civic Intelligence

Alex Lee Inc

990 • Fiscal year 2016 • EIN 57-0742607

Oct 04, 2015 to Oct 01, 2016 • Filed on Jul 20, 2017

Organization ProfileN/A

View Organization Page

PO Box 800Hickory, NC 28603

(828) 725-4424

Siviq Scores

Scores are not available for this record yet.

Balance Sheet

Assets

Down

$0

Down $10,261,247 (-100%) from 2015

Net Assets

Down

$0

Down $10,261,247 (-100%) from 2015

Liabilities

Flat

$0

Flat from 2015

Revenue And Expenses

Revenue

Down

$16,673,649

Down $14,832,238 (-47%) from 2015

Expenses

Down

$26,934,896

Down $4,557,597 (-14%) from 2015

Net Income

Down

-$10,261,247

Down $10,274,641 (-76711%) from 2015

Historical Trend

Balance Sheet Trend

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

$15M$10M$5.0M$0Assets 2010: $13,104,290Liabilities 2010: $0Net Assets 2010: $13,104,2902010Assets 2011: $13,117,238Liabilities 2011: $0Net Assets 2011: $13,117,2382011Assets 2012: $12,612,027Liabilities 2012: $0Net Assets 2012: $12,612,0272012Assets 2013: $11,809,899Liabilities 2013: $0Net Assets 2013: $11,809,8992013Assets 2014: $10,247,853Liabilities 2014: $0Net Assets 2014: $10,247,8532014Assets 2015: $10,261,247Liabilities 2015: $0Net Assets 2015: $10,261,2472015Assets 2016: $0Liabilities 2016: $0Net Assets 2016: $02016Assets 2017: $0Liabilities 2017: $0Net Assets 2017: $02017

Highlighted filing

2016

Assets$0
Liabilities$0
Net Assets$0
Open 2016 Filing

Operations Trend

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

$40M$20M$0-$20MExpenses 2010: $38,264,0412010Expenses 2011: $36,292,8522011Expenses 2012: $35,868,7712012Expenses 2013: $31,293,2662013Revenue 2014: $30,681,628Expenses 2014: $32,243,674Net Income 2014: -$1,562,0462014Revenue 2015: $31,505,887Expenses 2015: $31,492,493Net Income 2015: $13,3942015Revenue 2016: $16,673,649Expenses 2016: $26,934,896Net Income 2016: -$10,261,2472016Revenue 2017: $122,595Expenses 2017: $122,595Net Income 2017: $02017

Highlighted filing

2016

Revenue$16,673,649
Expenses$26,934,896
Net Income-$10,261,247
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Oct 4, 2015 to Oct 1, 2016
Signed
Jul 20, 2017
Return Version
2015v3.0
Gross Receipts
$16,673,649
Mission and Program Overview

Mission

To provide medical, dental and vision benefits to participating employees and their dependents, and to retired former employees.

To provide medical, dental and vision benefits to participating & former employees & dependents.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$10,261,247$0▼ $10,261,247
Savings and Temporary Cash Investments$10,242,433$0▼ $10,242,433
Cash and Non-Interest-Bearing Accounts$18,814$0▼ $18,814
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$10,261,247$0▼ $10,261,247
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$10,261,247$0▼ $10,261,247
Total Liabilities and Net Assets / Fund Balance$10,261,247$0▼ $10,261,247
Compensation and Service Providers

Employees

NameTitleBaseTotal
-Trustee$15,373$15,373

Highest Paid Contractors

ContractorServicesLocationCompensation
Aetna Life Insurance CompanyContract Administrator151 FARMINGTON AVENUE, Hartford, CT 06156$1,843,664
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$16,634,241
Investment Income
$19,512
Other Revenue
$19,896
Change in Net Assets
$-10,261,247

Audited Revenue Reconciliation

Revenue per Audited Statements
$16,673,067
Revenue Not Reported on Financial Statements
$582
Revenue Not Reported on Form 990
$9,528,454
Other Revenue Adjustments
$582
Total Revenue per Audited Statements
$26,201,521
Total Revenue per Form 990
$16,673,649
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,823,381
Salaries, Compensation, and Employee Benefits$15,373
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Benefits to Members$25,096,142--$25,096,142
Fees for Services Other$1,800,962--$1,800,962
Current Officers, Directors, Trustees, and Key Employees$15,373--$15,373
Fees for Services Accounting$11,000--$11,000
Other Expenses$5,159--$5,159
Total Functional Expenses$26,934,896$0$0$26,934,896

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$36,482,000
Expenses per Audited Statements$26,953,546
Total Expenses per Form 990$26,934,896
Expenses Not Reported on Form 990$9,528,454
Expenses Not Reported on Financial Statements$-18,650
Other Expense Adjustments$-18,650
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
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 8A

“The organization is a voluntary employees beneficiary association (veba) and as such does not have a governing body”

Form 990, Part VI, Section A, Line 8B

“The organization is a voluntary employees beneficiary association (veba) and as such does not have a governing body or committees.”

Form 990, Part VI, Section B, Line 11

“The organization is a voluntary employees beneficiary association (veba) and as such does not have a governing body. Form 990 is prepared by an independent accounting firm. The form is completed using data received from the trustee for the specific fiscal year. Form 990 and all supporting schedules are reviewed and approved by the corporate controller of alex lee, inc.”

Form 990, Part VI, Section C, Line 19

“As a voluntary employees benefit association (veba) no documents are made available to the public.”

Form 990, Part VII

“Wells fargo - 401 s. Tryon st., charlotte, nc 28202.”

Filing and Contact Details

Filer

Filer Name
Alex Lee Inc
EIN
57-0742607
Phone
8287254424
Address
PO BOX 800, HICKORY, NC 28603

Signing Officer

Name
Andrew Almquist
Title
CFO
Phone
8287254424
Signed
2017-07-20
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Andrew Almquist
Formed
1982
Legal Domicile
Nc
Voting Board Members
0
Independent Board Members
0
Employees
0
Volunteers
0

Preparer

Firm
Dixon Hughes Goodman Llp
Address
100 N MAIN STREET SUITE 2300, WINSTONSALEM, NC 27101
Preparer
David Vogler
Phone
3367148100
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 3

“The voluntary employees beneficiary association (veba) trust terminated in september 2016, and began the process of liquidation of assets for the benefit of its members. The liquidation is mostly complete as of the end of this fiscal year, with the final asset (ubi tax receivable) to be distributed upon receipt in the next fiscal year.”

FORM 990, PART XII, LINE 2C:

“There is no change since the prior year.”

Financial Statement Notes

PART X, LINE 2:

“The plan sponsor has determined that it does not have any material unrecognized tax benefits or obligations as of september 30, 2016.”

PART XI, LINE 2D - OTHER ADJUSTMENTS:

“Reclass contributions 9,528,454.”

PART XI, LINE 4B - OTHER ADJUSTMENTS:

“INTEREST RECEIVABLE 582.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Reclass contributions 9,528,454.”

PART XII, LINE 4B - OTHER ADJUSTMENTS:

“Benefits 558. Administrative expense -19,208.”

Sch. D, Part XI Line 4B

“Part xi, line 4b - accrued interest receivable included on cash basis form 990 - ($582).”

Sch. D, Part XII Line 4B

“Part xii, line 4b - administrative expenses not recorded on financial statements, included on cash basis form 990 in current year - ($19,208).”

Sch. D, Part XII Line 4B

“Part xii, line 4b - benefit payments not recorded on financial statements, included on cash basis form 990 in current year - $558.”

Raw XML Appendix309 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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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE PLAN SPONSOR HAS DETERMINED THAT IT DOES NOT HAVE ANY MATERIAL UNRECOGNIZED TAX BENEFITS OR OBLIGATIONS AS OF SEPTEMBER 30, 2016.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1RECLASS CONTRIBUTIONS 9,528,454.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2INTEREST RECEIVABLE 582.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt3RECLASS CONTRIBUTIONS 9,528,454.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt4BENEFITS 558. ADMINISTRATIVE EXPENSE -19,208.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt5PART XI, LINE 4B - ACCRUED INTEREST RECEIVABLE INCLUDED ON CASH BASIS FORM 990 - ($582).
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt6PART XII, LINE 4B - ADMINISTRATIVE EXPENSES NOT RECORDED ON FINANCIAL STATEMENTS, INCLUDED ON CASH BASIS FORM 990 IN CURRENT YEAR - ($19,208).
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt7PART XII, LINE 4B - BENEFIT PAYMENTS NOT RECORDED ON FINANCIAL STATEMENTS, INCLUDED ON CASH BASIS FORM 990 IN CURRENT YEAR - $558.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XI, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc3PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc4PART XII, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc5SCH. D, PART XI LINE 4B
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc6SCH. D, PART XII LINE 4B
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc7SCH. D, PART XII LINE 4B
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE VOLUNTARY EMPLOYEES BENEFICIARY ASSOCIATION (VEBA) TRUST TERMINATED IN SEPTEMBER 2016, AND BEGAN THE PROCESS OF LIQUIDATION OF ASSETS FOR THE BENEFIT OF ITS MEMBERS. THE LIQUIDATION IS MOSTLY COMPLETE AS OF THE END OF THIS FISCAL YEAR, WITH THE FINAL ASSET (UBI TAX RECEIVABLE) TO BE DISTRIBUTED UPON RECEIPT IN THE NEXT FISCAL YEAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION IS A VOLUNTARY EMPLOYEES BENEFICIARY ASSOCIATION (VEBA) AND AS SUCH DOES NOT HAVE A GOVERNING BODY
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION IS A VOLUNTARY EMPLOYEES BENEFICIARY ASSOCIATION (VEBA) AND AS SUCH DOES NOT HAVE A GOVERNING BODY OR COMMITTEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION IS A VOLUNTARY EMPLOYEES BENEFICIARY ASSOCIATION (VEBA) AND AS SUCH DOES NOT HAVE A GOVERNING BODY. FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM. THE FORM IS COMPLETED USING DATA RECEIVED FROM THE TRUSTEE FOR THE SPECIFIC FISCAL YEAR. FORM 990 AND ALL SUPPORTING SCHEDULES ARE REVIEWED AND APPROVED BY THE CORPORATE CONTROLLER OF ALEX LEE, INC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4AS A VOLUNTARY EMPLOYEES BENEFIT ASSOCIATION (VEBA) NO DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5WELLS FARGO - 401 S. TRYON ST., CHARLOTTE, NC 28202.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THERE IS NO CHANGE SINCE THE PRIOR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART III, LINE 3
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 8B
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VII
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART XII, LINE 2C:
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IRS990/UnrelatedBusIncmOverLimitInd01
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IRS990/USAddress/AddressLine1Txt0PO BOX 800
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IRS990/USAddress/StateAbbreviationCd0NC
IRS990/USAddress/ZIPCd028603
IRS990/VotingMembersGoverningBodyCnt00
IRS990/VotingMembersIndependentCnt00
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0ANDREW ALMQUIST
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CFO
ReturnHeader/BusinessOfficerGrp/PhoneNum08287254424
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-07-20
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0ALEX LEE INC
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0VOLUNTARY EMPLOYEES BENEFICIARY ASSOC
ReturnHeader/Filer/BusinessNameControlTxt0ALEX
ReturnHeader/Filer/EIN0570742607
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0100 N MAIN STREET SUITE 2300
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0WINSTONSALEM
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ReturnHeader/PreparerPersonGrp/PreparationDt02017-07-20
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DAVID VOGLER
ReturnHeader/ReturnTs02017-07-26T07:53:51-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-10-04
ReturnHeader/TaxPeriodEndDt02016-10-01
ReturnHeader/TaxYr02015

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$0
Liabilities
$0
Net assets
$0
Revenue
$16,673,649
Expenses
$26,934,896
Net income
-$10,261,247
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2017Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.12$0.12$0.00
2016Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$16.7$26.9$10.3
2015Detailed filing. Detailed filing data is available for this year.$10.3$0.00$10.3$31.5$31.5$0.01
2014Detailed filing. Detailed filing data is available for this year.$10.2$0.00$10.2$30.7$32.2$1.56
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$11.8$0.00$11.8$31.3
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$12.6$0.00$12.6$35.9
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$13.1$0.00$13.1$36.3
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$13.1$0.00$13.1$38.3