Civic Intelligence

North Carolina Teachers and State Employees Benefit Trust

EIN 58-1413870 • 501(c)9 • Raleigh, NC

Raleigh, NC
Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on the latest valid filing.

Source year 2022

Liabilities / Revenue

21st percentile

0.00x

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

501(c)9 • $25M-$50M nonprofits • Source year 2022

Net Margin

1st percentile

-1091%

Higher net margin than 1% of similar nonprofits.

501(c)9 • $25M-$50M nonprofits • Source year 2022

Top Officer Pay

44th percentile

$0

Higher top officer pay than 44% of similar nonprofits.

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

501(c)9 • $25M-$50M nonprofits • Source year 2022

Asset Growth

5th percentile

-100%

Faster asset growth than 5% of similar nonprofits.

501(c)9 • $25M-$50M nonprofits • Annualized from 2021 to 2022

Revenue Growth

5th percentile

-35%

Faster revenue growth than 5% of similar nonprofits.

501(c)9 • $25M-$50M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / AssetsScore unavailable

Assets

Down

$0

Down $504,533,775 (-100%) from 2021

Liabilities

Down

$0

Down $114,995 (-100%) from 2021

Net Assets

Down

$0

Down $504,418,780 (-100%) from 2021

Operations
Liabilities / Revenue21st percentileNet Margin1st percentile

Revenue

Down

$42,228,301

Down $22,624,474 (-35%) from 2021

Expenses

Up

$503,080,043

Up $440,725,585 (+707%) from 2021

Net Income

Down

-$460,851,742

Down $463,350,059 (-18546%) from 2021

Trend Graphs

Balance Sheet Trend

Asset Growth5th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$600M$400M$200M$0Assets 2011: $396,474,899Liabilities 2011: $3,720,249Net Assets 2011: $392,754,6502011Assets 2012: $423,456,902Liabilities 2012: $4,481,020Net Assets 2012: $418,975,8812012Assets 2013: $407,242,604Liabilities 2013: $3,406,521Net Assets 2013: $403,836,0832013Assets 2014: $420,617,372Liabilities 2014: $151,571Net Assets 2014: $420,465,8002014Assets 2015: $405,665,333Liabilities 2015: $133,829Net Assets 2015: $405,531,5042015Assets 2016: $424,740,616Liabilities 2016: $127,043Net Assets 2016: $424,613,5732016Assets 2017: $436,242,106Liabilities 2017: $120,325Net Assets 2017: $436,121,7812017Assets 2018: $440,817,529Liabilities 2018: $114,137Net Assets 2018: $440,703,3912018Assets 2019: $485,453,933Liabilities 2019: $117,120Net Assets 2019: $485,336,8132019Assets 2020: $521,810,319Liabilities 2020: $95,555Net Assets 2020: $521,714,7642020Assets 2021: $504,533,775Liabilities 2021: $114,995Net Assets 2021: $504,418,7802021Assets 2022: $0Liabilities 2022: $0Net Assets 2022: $02022

Highlighted filing

2022

Assets$0
Liabilities$0
Net Assets$0
Open 2022 Filing

Operations Trend

Revenue Growth5th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.0B$500M$0-$500MRevenue 2011: $46,517,118Expenses 2011: $44,685,005Net Income 2011: $1,832,1132011Revenue 2012: $72,719,000Expenses 2012: $46,497,769Net Income 2012: $26,221,2312012Revenue 2013: $28,921,007Expenses 2013: $43,636,222Net Income 2013: -$14,715,2152013Revenue 2014: $78,734,402Expenses 2014: $61,699,730Net Income 2014: $17,034,6722014Revenue 2015: $0Expenses 2015: $66,535,145Net Income 2015: -$66,535,1452015Revenue 2016: $71,144,719Expenses 2016: $51,991,921Net Income 2016: $19,152,7982016Revenue 2017: $64,419,131Expenses 2017: $52,910,923Net Income 2017: $11,508,2082017Revenue 2018: $54,973,956Expenses 2018: $54,283,071Net Income 2018: $690,8852018Revenue 2019: $93,054,133Expenses 2019: $48,420,710Net Income 2019: $44,633,4232019Revenue 2020: $91,368,458Expenses 2020: $54,687,372Net Income 2020: $36,681,0862020Revenue 2021: $64,852,775Expenses 2021: $62,354,458Net Income 2021: $2,498,3172021Revenue 2022: $42,228,301Expenses 2022: $503,080,043Net Income 2022: -$460,851,7422022

Highlighted filing

2022

Revenue$42,228,301
Expenses$503,080,043
Net Income-$460,851,742
Open 2022 Filing

Filings

Most recent year

2022 • Form 990XML pending. An XML filing is linked for this year, but detailed extraction is still pending.

Open filing
Assets
$0
Liabilities
$0
Net assets
$0
Revenue
$42,228,301
Expenses
$503,080,043
Net income
-$460,851,742
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.00$0.00$0.00$42.2$503$461
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$505$0.11$504$64.9$62.4$2.50
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$522$0.10$522$91.4$54.7$36.7
2019Summary only. Only limited summary data is available for this year.$485$0.12$485$93.1$48.4$44.6
2018Summary only. Only limited summary data is available for this year.$441$0.11$441$55.0$54.3$0.69
2017Summary only. Only limited summary data is available for this year.$436$0.12$436$64.4$52.9$11.5
2016Summary only. Only limited summary data is available for this year.$425$0.13$425$71.1$52.0$19.2
2015Summary only. Only limited summary data is available for this year.$406$0.13$406$0.00$66.5$66.5
2014Summary only. Only limited summary data is available for this year.$421$0.15$420$78.7$61.7$17.0
2013Summary only. Only limited summary data is available for this year.$407$3.41$404$28.9$43.6$14.7
2012Summary only. Only limited summary data is available for this year.$423$4.48$419$72.7$46.5$26.2
2011Summary only. Only limited summary data is available for this year.$396$3.72$393$46.5$44.7$1.83
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Mar 3, 2023
Return Version
2022v4.1
Gross Receipts
$45,017,882
Mission and Program Overview

Mission

To provide group benefits for members of the teachers and state employees' retirement system and local governmental employees retirement system of the state of north carolina.

State government benefit plan, primarily holding death benefits & transacting inflows & outflows.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$504,418,780$0▼ $504,418,780
Investments Program Related$494,518,955$0▼ $494,518,955
Savings and Temporary Cash Investments$10,014,820$0▼ $10,014,820
Cash and Non-Interest-Bearing Accounts-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments in Publicly Traded Securities-$0-
Land, Buildings, and Equipment, Net-$0-
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$504,533,775$0▼ $504,533,775
Other Assets Total-$0-
Liabilities
Accounts Payable and Accrued Expenses$114,995--
Total Liabilities$114,995$0▼ $114,995
Net Assets / Fund Balance
Total Net Assets Fund Balance$504,418,780$0▼ $504,418,780
Total Liabilities and Net Assets / Fund Balance$504,533,775$0▼ $504,533,775
Compensation and Service Providers
Top Officer Pay44th percentile

Board Members and Trustees

NameTitle
Thomas CauseyExecutive Director of Reti
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$37,765,537
Investment Income
$4,462,764
Other Revenue
$0
Change in Net Assets
$-460,851,742
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$458,411,799
Other Expenses$320,982
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs---$458,411,799
Benefits to Members---$44,347,262
Other Expenses---$267,436
Fees for Service Investment Mgmnt Fees---$53,546
Total Functional Expenses$0$0$0$503,080,043
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
NORTH CAROLINA TEACHERS AND STATE EMPLOYEES' BENEFIT TRUSTRaleigh, NCGovernmentTransfer to Section 115 Trust$458,411,799
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
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 1A

“The trust does not consist of a governing body.”

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

“The trust has no meetings, and strictly pays out death benefits.”

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

“See explanation for line 8a”

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

“The form 990 is reviewed by the financial operations division and retirement systems division for accuracy in reporting.”

Form 990, Part VI, Section C, Line 19

“Any of these records are available through the state of north carolina's public records laws and can be obtained by contacting our communications department within the department of state treasurer. Copies of the finanical statements are available upon request. The north carolina treasurer website (www.nctreasurer.com) provides summaries of asset statements as well as actuarial valuations.”

Filing and Contact Details

Filer

Filer Name
North Carolina Teachers and State
EIN
58-1413870
Phone
9198144195
Address
3200 ATLANTIC AVE, RALEIGH, NC 27604

Signing Officer

Name
Thomas Causey
Title
Executive Director of Ret. Sys
Phone
9198144195
Signed
2023-03-03
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Thomas Causey
Formed
1979
Legal Domicile
Nc
Voting Board Members
0
Independent Board Members
0
Employees
0
Volunteers
0

Preparer

Firm
Cliftonlarsonallen Llp
Address
2523 US HIGHWAY 27 S, SEBRING, FL 33870-4926
Preparer
Kristina Himrod
Phone
8633851577
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 3

“The trust terminated in 2022.”

Raw XML Appendix304 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/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt0114995
IRS990/AccountsReceivableGrp/EOYAmt00
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0STATE GOVERNMENT BENEFIT PLAN, PRIMARILY HOLDING DEATH BENEFITS & TRANSACTING INFLOWS & OUTFLOWS.
IRS990/BenefitsToMembersGrp/TotalAmt044347262
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0THOMAS CAUSEY
IRS990/BooksInCareOfDetail/PhoneNum09198144195
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt03200 ATLANTIC AVENUE
IRS990/BooksInCareOfDetail/USAddress/CityNm0RALEIGH
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NC
IRS990/BooksInCareOfDetail/USAddress/ZIPCd027604
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CapStkTrPrinCurrentFundsGrp/BOYAmt00
IRS990/CapStkTrPrinCurrentFundsGrp/EOYAmt00
IRS990/CashNonInterestBearingGrp/EOYAmt00
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConflictOfInterestPolicyInd00
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/ContractTerminationInd0X
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt044347262
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt0458411799
IRS990/CYInvestmentIncomeAmt04462764
IRS990/CYOtherExpensesAmt0320982
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt037765537
IRS990/CYRevenuesLessExpensesAmt0-460851742
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt0503080043
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt042228301
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/Desc0PAYMENTS OF DEATH BENEFITS TO BENEFICIARIES OF QUALIFYING DECEASED MEMBERS.
IRS990/DescribedInSection501c3Ind00
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd01
IRS990/DonorAdvisedFundInd00
IRS990/DonorRstrOrQuasiEndowmentsInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt00
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt053546
IRS990/FinalReturnInd0X
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt00.00
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/PersonNm0THOMAS CAUSEY
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/TitleTxt0EXECUTIVE DIRECTOR OF RETI
IRS990/Form990ProvidedToGvrnBodyInd00
IRS990/FormationYr01979
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedInd00
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/SecuritiesAmt0-2789581
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt00
IRS990/GrantsToDomesticOrgsGrp/TotalAmt0458411799
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt045017882
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt00
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/IntangibleAssetsGrp/EOYAmt00
IRS990/InventoriesForSaleOrUseGrp/EOYAmt00
IRS990/InvestmentIncomeGrp/ExclusionAmt07252345
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt07252345
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt00
IRS990/InvestmentsProgramRelatedGrp/BOYAmt0494518955
IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
IRS990/InvestmentsPubTradedSecGrp/EOYAmt00
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipBasisNetGrp/EOYAmt00
IRS990/LegalDomicileStateCd0NC
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt02789581
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingCashInd0X
IRS990/MinutesOfCommitteesInd00
IRS990/MinutesOfGoverningBodyInd00
IRS990/MissionDesc0TO PROVIDE GROUP BENEFITS FOR MEMBERS OF THE TEACHERS AND STATE EMPLOYEES' RETIREMENT SYSTEM AND LOCAL GOVERNMENTAL EMPLOYEES RETIREMENT SYSTEM OF THE STATE OF NORTH CAROLINA.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt0504418780
IRS990/NetAssetsOrFundBalancesEOYAmt00
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0-2789581
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-2789581
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0-43567038
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0ADMINISTRATIVE EXPENSES
IRS990/OtherExpensesGrp/TotalAmt0267436
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0THOMAS CAUSEY
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/Desc0EMPLOYEE CONTRIBUTIONS
IRS990/ProgramServiceRevenueGrp/Desc1EMPLOYER CONTRIBUTIONS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt019247600
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt118517937
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt019247600
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt118517937
IRS990/ProgSrvcAccomActy2Grp/Desc0PAYMENTS OF BENEFITS FOR PARTICIPANTS OF THE CONTRIBUTORY DEATH BENEFIT PLAN.
IRS990/ProgSrvcAccomActy3Grp/Desc0PAYMENTS OF BENEFITS FOR PARTICIPANTS IN THE STATE OF NORTH CAROLINA SEPARATE BENEFIT FUND.
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt061883186
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt011136470
IRS990/PYOtherExpensesAmt0471272
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt053716305
IRS990/PYRevenuesLessExpensesAmt02498317
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt062354458
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt064852775
IRS990/QuidProQuoContributionsInd00
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-460851742
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0504418780
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt010014820
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990/ScheduleBRequiredInd00
IRS990ScheduleI/GrantRecordsMaintainedInd00
IRS990ScheduleI/RecipientTable/CashGrantAmt0458411799
IRS990ScheduleI/RecipientTable/IRCSectionDesc0GOVERNMENT
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/NonCashAssistanceDesc0N/A
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0TRANSFER TO SECTION 115 TRUST
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0NORTH CAROLINA TEACHERS AND STATE EMPLOYEES' BENEFIT TRUST
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt03200 ATLANTIC AVE
IRS990ScheduleI/RecipientTable/USAddress/CityNm0RALEIGH
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0NC
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd027604
IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc0N/A
IRS990ScheduleI/Total501c3OrgCnt01
IRS990ScheduleI/TotalOtherOrgCnt00
IRS990/ScheduleJRequiredInd00
IRS990ScheduleN/AssetsDistributedInd01
IRS990ScheduleN/BondsOutstandingInd00
IRS990ScheduleN/DirectorOfSuccessorInd00
IRS990ScheduleN/EmployeeOfSuccessorInd00
IRS990ScheduleN/LiabilitiesPaidInd01
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/AssetsDistriOrExpnssPaidDesc0INVESTMENTS
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/BusinessName/BusinessNameLine1Txt0NORTH CAROLINA TEACHERS AND STATE EMPLOYEES' BENEFIT TRUST
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/DistributionDt02022-09-15
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/FairMarketValueOfAssetAmt0458411799
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/IRCSectionTxt0GOVERNMENT
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/MethodOfFMVDeterminationTxt0BOOK VALUE
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/AddressLine1Txt03200 ATLANTIC AVE
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/CityNm0RALEIGH
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/StateAbbreviationCd0NC
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/ZIPCd027604
IRS990ScheduleN/OwnerOfSuccessorInd00
IRS990ScheduleN/ReceiveCompensationInd00
IRS990ScheduleN/RequiredToNotifyAGInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE TRUST TERMINATED IN 2022.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE TRUST DOES NOT CONSIST OF A GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE TRUST HAS NO MEETINGS, AND STRICTLY PAYS OUT DEATH BENEFITS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3SEE EXPLANATION FOR LINE 8A
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE FORM 990 IS REVIEWED BY THE FINANCIAL OPERATIONS DIVISION AND RETIREMENT SYSTEMS DIVISION FOR ACCURACY IN REPORTING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5ANY OF THESE RECORDS ARE AVAILABLE THROUGH THE STATE OF NORTH CAROLINA'S PUBLIC RECORDS LAWS AND CAN BE OBTAINED BY CONTACTING OUR COMMUNICATIONS DEPARTMENT WITHIN THE DEPARTMENT OF STATE TREASURER. COPIES OF THE FINANICAL STATEMENTS ARE AVAILABLE UPON REQUEST. THE NORTH CAROLINA TREASURER WEBSITE (WWW.NCTREASURER.COM) PROVIDES SUMMARIES OF ASSET STATEMENTS AS WELL AS ACTUARIAL VALUATIONS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART III, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 1A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 8A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd01
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd01
IRS990/TotalAssetsBOYAmt0504533775
IRS990/TotalAssetsEOYAmt00
IRS990/TotalAssetsGrp/BOYAmt0504533775
IRS990/TotalAssetsGrp/EOYAmt00
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0503080043
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0114995
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt0114995
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0504418780
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt00
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceRevenueAmt037765537
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt04462764
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt037765537
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt042228301
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0504533775
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt00
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TypeOfOrganizationTrustInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt03200 ATLANTIC AVE
IRS990/USAddress/CityNm0RALEIGH
IRS990/USAddress/StateAbbreviationCd0NC
IRS990/USAddress/ZIPCd027604
IRS990/VotingMembersGoverningBodyCnt00
IRS990/VotingMembersIndependentCnt00
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd03
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0THOMAS CAUSEY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR OF RET. SYS
ReturnHeader/BusinessOfficerGrp/PhoneNum09198144195
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-03-03
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0NORTH CAROLINA TEACHERS AND STATE
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0EMPLOYEES BENEFIT TRUST
ReturnHeader/Filer/BusinessNameControlTxt0NORT
ReturnHeader/Filer/EIN0581413870
ReturnHeader/Filer/PhoneNum09198144195
ReturnHeader/Filer/USAddress/AddressLine1Txt03200 ATLANTIC AVE
ReturnHeader/Filer/USAddress/CityNm0RALEIGH
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NC
ReturnHeader/Filer/USAddress/ZIPCd027604
ReturnHeader/IRSResponsiblePrtyInfoCurrInd00
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0410746749
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0CLIFTONLARSONALLEN LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02523 US HIGHWAY 27 S
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0SEBRING
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0FL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0338704926
ReturnHeader/PreparerPersonGrp/PhoneNum08633851577
ReturnHeader/PreparerPersonGrp/PreparationDt02023-02-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0KRISTINA HIMROD
ReturnHeader/ReturnTs02023-03-07T14:18:43-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0THOMAS
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0CAUSEY
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

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