Civic Intelligence

Suntrust Banks Employee Benefit Trust

EIN 58-1800207 • 501(c)9 • Atlanta, GA

Profile

The sole purpose of this trust is to provide health and other welfare benefits to participants of the suntrust banks, inc. Employee welfare plan.

PO Box 4418 Mail Code 0633Atlanta, GA 30302

n/A

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 2020

Liabilities / Revenue

80th percentile

0.00x

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

501(c)9 • <$500k nonprofits • Source year 2020

Net Margin

2nd percentile

-501849%

Higher net margin than 2% of similar nonprofits.

501(c)9 • <$500k nonprofits • Source year 2020

Top Officer Pay

75th percentile

$0

Higher top officer pay than 75% of similar nonprofits.

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

501(c)9 • <$500k nonprofits • Source year 2020

Asset Growth

46th percentile

-100%

Faster asset growth than 46% of similar nonprofits.

501(c)9 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

11th percentile

-100%

Faster revenue growth than 11% of similar nonprofits.

501(c)9 • <$500k nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / AssetsScore unavailable

Assets

Down

$0

Down $5,133,054 (-100%) from 2019

Liabilities

Down

$0

Down $5,133,054 (-100%) from 2019

Net Assets

Flat

$0

Flat from 2019

Operations
Liabilities / Revenue80th percentileNet Margin2nd percentile

Revenue

Down

$223

Down $211,507,987 (-100%) from 2019

Expenses

Down

$1,119,346

Down $248,850,316 (-100%) from 2019

Net Income

Up

-$1,119,123

Up $37,342,329 (+97%) from 2019

Trend Graphs

Balance Sheet Trend

Asset Growth46th percentile

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

$60M$40M$20M$0Assets 2010: $45,581,112Liabilities 2010: $210,847Net Assets 2010: $45,370,2652010Assets 2011: $45,342,124Liabilities 2011: $705,271Net Assets 2011: $44,636,8532011Assets 2012: $50,188,674Liabilities 2012: $1,715,919Net Assets 2012: $48,472,7552012Assets 2013: $45,633,244Liabilities 2013: $792,520Net Assets 2013: $44,840,7242013Assets 2014: $47,924,090Liabilities 2014: $153,592Net Assets 2014: $47,770,4982014Assets 2015: $42,716,058Liabilities 2015: $273,291Net Assets 2015: $42,442,7672015Assets 2016: $42,603,747Liabilities 2016: $308,342Net Assets 2016: $42,295,4052016Assets 2017: $44,773,045Liabilities 2017: $891,725Net Assets 2017: $43,881,3202017Assets 2018: $42,553,352Liabilities 2018: $579,904Net Assets 2018: $41,973,4482018Assets 2019: $5,133,054Liabilities 2019: $5,133,054Net Assets 2019: $02019Assets 2020: $0Liabilities 2020: $0Net Assets 2020: $02020

Highlighted filing

2020

Assets$0
Liabilities$0
Net Assets$0
Open 2020 Filing

Operations Trend

Revenue Growth11th percentile

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

$300M$200M$100M$0-$100MExpenses 2010: $246,292,7392010Expenses 2011: $252,010,2192011Expenses 2012: $274,892,8692012Revenue 2013: $262,007,762Expenses 2013: $265,282,412Net Income 2013: -$3,274,6502013Revenue 2014: $232,096,811Expenses 2014: $229,149,501Net Income 2014: $2,947,3102014Revenue 2015: $217,545,138Expenses 2015: $222,810,132Net Income 2015: -$5,264,9942015Revenue 2016: $233,097,986Expenses 2016: $233,288,063Net Income 2016: -$190,0772016Revenue 2017: $241,434,626Expenses 2017: $239,698,108Net Income 2017: $1,736,5182017Revenue 2018: $229,920,575Expenses 2018: $231,744,934Net Income 2018: -$1,824,3592018Revenue 2019: $211,508,210Expenses 2019: $249,969,662Net Income 2019: -$38,461,4522019Revenue 2020: $223Expenses 2020: $1,119,346Net Income 2020: -$1,119,1232020

Highlighted filing

2020

Revenue$223
Expenses$1,119,346
Net Income-$1,119,123
Open 2020 Filing

Filings

Most recent year

2020 • 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
$223
Expenses
$1,119,346
Net income
-$1,119,123
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.00$0.00$0.00$0.00$1.12$1.12
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.13$5.13$0.00$212$250$38.5
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$42.6$0.58$42.0$230$232$1.82
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$44.8$0.89$43.9$241$240$1.74
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$42.6$0.31$42.3$233$233$0.19
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$42.7$0.27$42.4$218$223$5.26
2014Detailed filing. Detailed filing data is available for this year.$47.9$0.15$47.8$232$229$2.95
2013Detailed filing. Detailed filing data is available for this year.$45.6$0.79$44.8$262$265$3.27
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$50.2$1.72$48.5$275
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$45.3$0.71$44.6$252
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$45.6$0.21$45.4$246
Latest Detailed Filing

The latest 2020 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2014 below.

Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Nov 12, 2015
Return Version
2014v5.0
Gross Receipts
$232,096,811
Mission and Program Overview

Mission

The sole purpose of this trust is to provide health and other welfare benefits to participants of the suntrust banks, inc. Employee welfare plan.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$44,840,724$47,770,498▲ $2,929,774
Investments in Publicly Traded Securities$40,111,429$43,930,609▲ $3,819,180
Cash and Non-Interest-Bearing Accounts$4,949,230$2,713,441▼ $2,235,789
Savings and Temporary Cash Investments$0$0→ $0
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $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$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$45,633,244$47,924,090▲ $2,290,846
Other Assets Total$572,585$1,280,040▲ $707,455
Liabilities
Accounts Payable and Accrued Expenses$792,520$153,592▼ $638,928
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$792,520$153,592▼ $638,928
Net Assets / Fund Balance
Total Net Assets Fund Balance$44,840,724$47,770,498▲ $2,929,774
Total Liabilities and Net Assets / Fund Balance$45,633,244$47,924,090▲ $2,290,846
Compensation and Service Providers
Top Officer Pay75th percentile

Board Members and Trustees

NameTitle
Suntrust BankTrustee
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$230,915,584
Investment Income
$467,517
Other Revenue
$713,710
Change in Net Assets
$2,947,310

Audited Revenue Reconciliation

Revenue per Audited Statements
$232,096,811
Revenue Not Reported on Form 990
$-17,536
Total Revenue per Audited Statements
$232,079,275
Total Revenue per Form 990
$232,096,811
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$21,515,475
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---$207,634,026
Other Expenses---$21,515,475
Total Functional Expenses$0$0$0$229,149,501

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$229,149,501
Total Expenses per Audited Statements$229,149,501
Total Expenses per Form 990$229,149,501
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
Insider Transactions and Loans

Loans and Receivables

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

Governance Checklist

Compiled or reviewed by an accountant
No
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
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11A

“PROCESS USED BY MANAGEMENT &/OR GOVERNING BODY TO REVIEW 990 SUNTRUST BANKS, INC. AS PLAN SPONSOR OF THE EMPLOYEE WELFARE TRUST (VEBA PLAN) UTILIZES STAFF IN THE TAX AND BENEFITS DEPARTMENTS TO ASSIST IN PROVIDING INFORMATION TO ITS TAX PREPARER TO PREPARE THE 990. THE 990 IS REVIEWED BY STAFF AND OFFICERS IN THE TAX AND BENEFITS DEPARTMENTS PRIOR TO FILING. A copy of the form 990 was provided to the organization's institutional trustee prior to filing.”

Form 990, Part VI, Line 12C

“Process to Monitor Transaction for Conflicts of Interest SUNTRUST BANKS, INC. AS PLAN SPONSOR OF THE EMPLOYEE WELFARE TRUST (VEBA) MAINTAINS A CODE OF BUSINESS CONDUCT AND ETHICS POLICY AND GUIDELINES. ALSO SUNTRUST BANKS, INC. CONDUCTS REVIEWS AND QUESTIONNAIRES ALONG WITH CONTINUED EDUCATION COURSES FOR ALL EMPLOYEES.”

Form 990, Part VI, Line 19

“Governing documents,Conflicts of interest,& Fin Stmts to the Public GENERALLY, THE VEBA DOES NOT MAKE ITS TRUST DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC. HOWEVER, THE VEBA'S FORM 990 IS AVAILABLE FOR PUBLIC DISCLOSURE.”

Form 990, Part VII

“Institutional Trustee The organization is a VEBA trust under IRC Section 501(c)(9). As such, the organization is governed by a trust document established at inception. Accordingly, the organization has an independent corporate trustee, SunTrust Bank. This independent corporate trustee constitutes the single board member indicated in part VII.”

Filing and Contact Details

Filer

Filer Name
Suntrust Banks Inc Employee Welfare Trust
EIN
58-1800207
In Care Of
% SUNTRUST BANKS INC
Phone
4048130815
Address
PO BOX 4418 MAIL CODE 0633, ATLANTA, GA 30302

Signing Officer

Name
Jim Pope
Title
Vice President
Phone
4048130815
Signed
2015-11-12
Discuss with paid preparer
Yes

Organization Details

Formed
1987
Legal Domicile
Ga
Voting Board Members
1
Independent Board Members
1
Employees
0

Preparer

Firm
Kpmg Llp
Address
300 North Greene Street Suite 400, Greensboro, NC 27401
Preparer
Laura a Collins
Phone
3362753394
Supplemental Narrative

Financial Statement Notes

Fin 48 (ASC 740) Disclosure

“Form 990, Schedule D, Part X, Line 2 The trust funding the Plan has received an exemption letter from the Internal Revenue Service dated June 11, 1991, stating that the trust is tax-exempt under the provisions of Section 501(c)(9) of the Code as a Voluntary Employee Beneficiary Association. The Plan and trust are required to operate in conformity with the Code to maintain the tax-exempt status of the trust. The Plan administrator believes the Plan is being operated in compliance with the applicable requirements of the Code and, therefore, believes the related trust is tax exempt. Excess income earned by Plan investments may be subject to unrelated business income taxes (UBIT) under the Code. The Plan has recorded a tax receivable for overpayments of UBIT from a prior year. Such amounts will be used to offset future UBIT liabilities. Accounting principles generally accepted in the United States require Plan management to evaluate uncertain tax positions taken by the Plan. The financial statement effects of a tax position are recognized when the position is more likely than not, based on the technical merits, to be sustained upon examination by the IRS. The Plan administrator has analyzed the tax positions taken by the Plan, and has concluded that as of December 31, 2014, there are no uncertain positions taken or expected to be taken. The Plan has recognized no interest or penalties related to uncertain tax positions. The Plan is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress. The Plan administrator believes it is no longer subject to income tax examinations for years prior to 2011.”

Raw XML Appendix354 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/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt0792520
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0153592
IRS990/AccountsReceivableGrp/BOYAmt00
IRS990/AccountsReceivableGrp/EOYAmt00
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0THE SOLE PURPOSE OF THIS TRUST IS TO PROVIDE HEALTH AND OTHER WELFARE BENEFITS TO PARTICIPANTS OF THE SUNTRUST BANKS, INC. EMPLOYEE WELFARE PLAN.
IRS990/AdvertisingGrp/TotalAmt00
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/AuditCommitteeInd0true
IRS990/BenefitsToMembersGrp/TotalAmt0207634026
IRS990/BooksInCareOfDetail/PersonNm0SUNTRUST BANKS INC
IRS990/BooksInCareOfDetail/PhoneNum04048130815
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0PO BOX 4418 MAIL CODE 0633
IRS990/BooksInCareOfDetail/USAddress/CityNm0ATLANTA
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0GA
IRS990/BooksInCareOfDetail/USAddress/ZIPCd030302
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOfficerEntInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CapStkTrPrinCurrentFundsGrp/BOYAmt00
IRS990/CapStkTrPrinCurrentFundsGrp/EOYAmt00
IRS990/CashNonInterestBearingGrp/BOYAmt04949230
IRS990/CashNonInterestBearingGrp/EOYAmt02713441
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt00
IRS990/CompDisqualPersonsGrp/TotalAmt00
IRS990/CompensationFromOtherSrcsInd0false
IRS990/ConferencesMeetingsGrp/TotalAmt00
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt0207634026
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt0467517
IRS990/CYOtherExpensesAmt021515475
IRS990/CYOtherRevenueAmt0713710
IRS990/CYProgramServiceRevenueAmt0230915584
IRS990/CYRevenuesLessExpensesAmt02947310
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt0229149501
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0232096811
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DeferredRevenueGrp/BOYAmt00
IRS990/DeferredRevenueGrp/EOYAmt00
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/TotalAmt00
IRS990/Desc0THE SOLE PURPOSE OF THIS TRUST IS TO PROVIDE HEALTH AND OTHER WELFARE BENEFITS TO PARTICIPANTS OF THE SUNTRUST BANKS, INC. EMPLOYEE WELFARE PLAN.
IRS990/DescribedInSection501c3Ind0false
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0true
IRS990/DonorAdvisedFundInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt00
IRS990/EscrowAccountLiabilityGrp/BOYAmt00
IRS990/EscrowAccountLiabilityGrp/EOYAmt00
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/TotalAmt00
IRS990/FeesForServicesLegalGrp/TotalAmt00
IRS990/FeesForServicesLobbyingGrp/TotalAmt00
IRS990/FeesForServicesManagementGrp/TotalAmt00
IRS990/FeesForServicesOtherGrp/TotalAmt00
IRS990/FeesForServicesProfFundraising/TotalAmt00
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt00
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignGrantsGrp/TotalAmt00
IRS990/ForeignOfficeInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt00.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.0
IRS990/Form990PartVIISectionAGrp/InstitutionalTrusteeInd0X
IRS990/Form990PartVIISectionAGrp/PersonNm0SUNTRUST BANK
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/TitleTxt0TRUSTEE
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/Form990TFiledInd0true
IRS990/FormationYr01987
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt01
IRS990/GrantsPayableGrp/BOYAmt00
IRS990/GrantsPayableGrp/EOYAmt00
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt00
IRS990/GrantsToDomesticOrgsGrp/TotalAmt00
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt0232096811
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0true
IRS990/IncmFromInvestBondProceedsGrp/TotalRevenueColumnAmt00
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt01
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/TotalAmt00
IRS990/InsuranceGrp/TotalAmt00
IRS990/IntangibleAssetsGrp/BOYAmt00
IRS990/IntangibleAssetsGrp/EOYAmt00
IRS990/InterestGrp/TotalAmt00
IRS990/InventoriesForSaleOrUseGrp/BOYAmt00
IRS990/InventoriesForSaleOrUseGrp/EOYAmt00
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0467517
IRS990/InvestmentIncomeGrp/UnrelatedBusinessRevenueAmt0467517
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt00
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt00
IRS990/InvestmentsProgramRelatedGrp/BOYAmt00
IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt040111429
IRS990/InvestmentsPubTradedSecGrp/EOYAmt043930609
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipBasisNetGrp/BOYAmt00
IRS990/LegalDomicileStateCd0GA
IRS990/LoanOutstandingInd0false
IRS990/LoansFromOfficersDirectorsGrp/BOYAmt00
IRS990/LoansFromOfficersDirectorsGrp/EOYAmt00
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0THE SOLE PURPOSE OF THIS TRUST IS TO PROVIDE HEALTH AND OTHER WELFARE BENEFITS TO PARTICIPANTS OF THE SUNTRUST BANKS, INC. EMPLOYEE WELFARE PLAN.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt00
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt00
IRS990/NetAssetsOrFundBalancesBOYAmt044840724
IRS990/NetAssetsOrFundBalancesEOYAmt047770498
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetUnrelatedBusTxblIncmAmt0453596
IRS990/NetUnrlzdGainsLossesInvstAmt0-17536
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/TotalAmt00
IRS990/OfficeExpensesGrp/TotalAmt00
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0572585
IRS990/OtherAssetsTotalGrp/EOYAmt01280040
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0ADMINISTRATIVE EXPENSES
IRS990/OtherExpensesGrp/TotalAmt021515475
IRS990/OtherLiabilitiesGrp/BOYAmt00
IRS990/OtherLiabilitiesGrp/EOYAmt00
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0OTHER
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0713710
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0713710
IRS990/OtherRevenueTotalAmt0713710
IRS990/OtherSalariesAndWagesGrp/TotalAmt00
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt00
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayrollTaxesGrp/TotalAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt00
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0525100
IRS990/ProgramServiceRevenueGrp/BusinessCd1525100
IRS990/ProgramServiceRevenueGrp/Desc0EMPLOYER CONTRIBUTIONS
IRS990/ProgramServiceRevenueGrp/Desc1PARTICIPANT CONTRIBUTIONS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0165189376
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt165726208
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0165189376
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt165726208
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYBenefitsPaidToMembersAmt0245769825
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0423681
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt019512587
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0261584081
IRS990/PYRevenuesLessExpensesAmt0-3274650
IRS990/PYSalariesCompEmpBnftPaidAmt00
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0Form 990, Schedule D, Part X, Line 2 The trust funding the Plan has received an exemption letter from the Internal Revenue Service dated June 11, 1991, stating that the trust is tax-exempt under the provisions of Section 501(c)(9) of the Code as a Voluntary Employee Beneficiary Association. The Plan and trust are required to operate in conformity with the Code to maintain the tax-exempt status of the trust. The Plan administrator believes the Plan is being operated in compliance with the applicable requirements of the Code and, therefore, believes the related trust is tax exempt. Excess income earned by Plan investments may be subject to unrelated business income taxes (UBIT) under the Code. The Plan has recorded a tax receivable for overpayments of UBIT from a prior year. Such amounts will be used to offset future UBIT liabilities. Accounting principles generally accepted in the United States require Plan management to evaluate uncertain tax positions taken by the Plan. The financial statement effects of a tax position are recognized when the position is more likely than not, based on the technical merits, to be sustained upon examination by the IRS. The Plan administrator has analyzed the tax positions taken by the Plan, and has concluded that as of December 31, 2014, there are no uncertain positions taken or expected to be taken. The Plan has recognized no interest or penalties related to uncertain tax positions. The Plan is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress. The Plan administrator believes it is no longer subject to income tax examinations for years prior to 2011.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Fin 48 (ASC 740) Disclosure
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0PROCESS USED BY MANAGEMENT &/OR GOVERNING BODY TO REVIEW 990 SUNTRUST BANKS, INC. AS PLAN SPONSOR OF THE EMPLOYEE WELFARE TRUST (VEBA PLAN) UTILIZES STAFF IN THE TAX AND BENEFITS DEPARTMENTS TO ASSIST IN PROVIDING INFORMATION TO ITS TAX PREPARER TO PREPARE THE 990. THE 990 IS REVIEWED BY STAFF AND OFFICERS IN THE TAX AND BENEFITS DEPARTMENTS PRIOR TO FILING. A copy of the form 990 was provided to the organization's institutional trustee prior to filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Process to Monitor Transaction for Conflicts of Interest SUNTRUST BANKS, INC. AS PLAN SPONSOR OF THE EMPLOYEE WELFARE TRUST (VEBA) MAINTAINS A CODE OF BUSINESS CONDUCT AND ETHICS POLICY AND GUIDELINES. ALSO SUNTRUST BANKS, INC. CONDUCTS REVIEWS AND QUESTIONNAIRES ALONG WITH CONTINUED EDUCATION COURSES FOR ALL EMPLOYEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Governing documents,Conflicts of interest,& Fin Stmts to the Public GENERALLY, THE VEBA DOES NOT MAKE ITS TRUST DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC. HOWEVER, THE VEBA'S FORM 990 IS AVAILABLE FOR PUBLIC DISCLOSURE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Institutional Trustee The organization is a VEBA trust under IRC Section 501(c)(9). As such, the organization is governed by a trust document established at inception. Accordingly, the organization has an independent corporate trustee, SunTrust Bank. This independent corporate trustee constitutes the single board member indicated in part VII.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, LINE 11A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VII
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ReturnHeader/BuildTS02016-02-25 16:41:14Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JIM POPE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0VICE PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum04048130815
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-11-12
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SUNTRUST BANKS INC EMPLOYEE WELFARE TRUST
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ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0KPMG LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0300 North Greene Street Suite 400
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Greensboro
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd027401
ReturnHeader/PreparerPersonGrp/PhoneNum03362753394
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0LAURA A COLLINS
ReturnHeader/ReturnTs02015-11-12T14:39:45-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02014-01-01
ReturnHeader/TaxPeriodEndDt02014-12-31
ReturnHeader/TaxYr02014

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