Civic Intelligence

Alabama Power Co Post Retirement Welfare Benefits Trust

990 • Fiscal year 2020 • EIN 63-1133071

Jan 01, 2020 to Dec 31, 2020 • Filed on Apr 29, 2021

Organization ProfileN/A

View Organization Page

241 Ralph Mcgill Blvd Bin 10139Atlanta, GA 30308

(404) 506-6588

Siviq Scores

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

Liabilities / Assets

37th percentile

0.00x

Higher debt load relative to assets than 37% of similar nonprofits.

2020 filings • 501(c)9 • $250M-$1B nonprofits • Source year 2020

Liabilities / Revenue

76th percentile

0.21x

Higher debt load relative to revenue than 76% of similar nonprofits.

2020 filings • 501(c)9 • $250M-$1B nonprofits • Source year 2020

Net Margin

15th percentile

-23%

Higher net margin than 15% of similar nonprofits.

2020 filings • 501(c)9 • $250M-$1B nonprofits • Source year 2020

Top Officer Pay

50th percentile

$37,480

Higher top officer pay than 50% of similar nonprofits.

Top officer pay equals 0.5% of source-year revenue.

2020 filings • 501(c)9 • $250M-$1B nonprofits • Source year 2020

Asset Growth

71st percentile

13%

Faster asset growth than 71% of similar nonprofits.

2020 filings • 501(c)9 • $250M-$1B nonprofits • Annualized from 2019 to 2020

Revenue Growth

13th percentile

-25%

Faster revenue growth than 13% of similar nonprofits.

2020 filings • 501(c)9 • $250M-$1B nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets37th percentile

Assets

Up

$327,857,370

Up $37,491,531 (+13%) from 2019

Net Assets

Up

$326,357,542

Up $35,991,703 (+12%) from 2019

Liabilities

Up

$1,499,828

Up $1,499,828 from 2019

Revenue And Expenses
Liabilities / Revenue76th percentileNet Margin15th percentile

Revenue

Down

$7,036,775

Down $2,295,610 (-25%) from 2019

Expenses

Down

$8,621,829

Down $9,329,194 (-52%) from 2019

Net Income

Up

-$1,585,054

Up $7,033,584 (+82%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth71st percentile

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

$400M$300M$200M$100M$0Assets 2011: $221,781,202Liabilities 2011: $3,824,752Net Assets 2011: $217,956,4502011Assets 2012: $238,485,050Liabilities 2012: $261,945Net Assets 2012: $238,223,1052012Assets 2013: $278,219,559Liabilities 2013: $1,613,890Net Assets 2013: $276,605,6692013Assets 2014: $276,865,962Liabilities 2014: $377,985Net Assets 2014: $276,487,9772014Assets 2015: $257,878,307Liabilities 2015: $2,284,081Net Assets 2015: $255,594,2262015Assets 2016: $257,725,072Liabilities 2016: $12,871Net Assets 2016: $257,712,2012016Assets 2017: $285,099,079Liabilities 2017: $0Net Assets 2017: $285,099,0792017Assets 2018: $252,501,988Liabilities 2018: $9,298Net Assets 2018: $252,492,6902018Assets 2019: $290,365,839Liabilities 2019: $0Net Assets 2019: $290,365,8392019Assets 2020: $327,857,370Liabilities 2020: $1,499,828Net Assets 2020: $326,357,5422020Assets 2021: $344,757,597Liabilities 2021: $0Net Assets 2021: $344,757,5972021Assets 2022: $253,301,719Liabilities 2022: $0Net Assets 2022: $253,301,7192022Assets 2023: $280,922,202Liabilities 2023: $0Net Assets 2023: $280,922,2022023Assets 2024: $298,677,620Liabilities 2024: $0Net Assets 2024: $298,677,6202024

Highlighted filing

2020

Assets$327,857,370
Liabilities$1,499,828
Net Assets$326,357,542
Open 2020 Filing

Operations Trend

Revenue Growth13th percentile

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

$30M$20M$10M$0-$10M-$20MRevenue 2011: $10,461,059Expenses 2011: $13,511,625Net Income 2011: -$3,050,5662011Revenue 2012: $22,545,056Expenses 2012: $21,270,553Net Income 2012: $1,274,5032012Revenue 2013: $13,325,734Expenses 2013: $15,989,335Net Income 2013: -$2,663,6012013Revenue 2014: $1,719,134Expenses 2014: $13,180,130Net Income 2014: -$11,460,9962014Revenue 2015: $9,961,075Expenses 2015: $15,794,092Net Income 2015: -$5,833,0172015Revenue 2016: $7,197,706Expenses 2016: $9,223,536Net Income 2016: -$2,025,8302016Revenue 2017: $12,819,937Expenses 2017: $17,665,508Net Income 2017: -$4,845,5712017Revenue 2018: $11,469,746Expenses 2018: $18,920,317Net Income 2018: -$7,450,5712018Revenue 2019: $9,332,385Expenses 2019: $17,951,023Net Income 2019: -$8,618,6382019Revenue 2020: $7,036,775Expenses 2020: $8,621,829Net Income 2020: -$1,585,0542020Revenue 2021: $14,314,769Expenses 2021: $16,488,657Net Income 2021: -$2,173,8882021Revenue 2022: $9,773,954Expenses 2022: $14,704,649Net Income 2022: -$4,930,6952022Revenue 2023: $14,320,037Expenses 2023: $14,737,417Net Income 2023: -$417,3802023Revenue 2024: $18,280,060Expenses 2024: $15,205,835Net Income 2024: $3,074,2252024

Highlighted filing

2020

Revenue$7,036,775
Expenses$8,621,829
Net Income-$1,585,054
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Apr 29, 2021
Return Version
2020v4.1
Gross Receipts
$19,958,926
Mission and Program Overview

Mission

Funding post-retirement medical and life insurance benefits

Balance Sheet Detail
LineBeginningEndChange
Assets
Pd in Cap Srpls Land Bldg Eqp Fund$290,365,839$326,357,542▲ $35,991,703
Cash and Non-Interest-Bearing Accounts$1,384,799$4,204,154▲ $2,819,355
Investments in Publicly Traded Securities$5,682,032$3,012,302▼ $2,669,730
Accounts Receivable-$1,888-
Rtn Earn Endowment Incm Other Fnds$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$290,365,839$327,857,370▲ $37,491,531
Other Assets Total$283,299,008$320,639,026▲ $37,340,018
Liabilities
Accounts Payable and Accrued Expenses$0$1,499,828▲ $1,499,828
Total Liabilities$0$1,499,828▲ $1,499,828
Net Assets / Fund Balance
Total Net Assets Fund Balance$290,365,839$326,357,542▲ $35,991,703
Total Liabilities and Net Assets / Fund Balance$290,365,839$327,857,370▲ $37,491,531

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$320,639,026--
Compensation and Service Providers
Top Officer Pay50th percentile

Employees

NameTitleFull / Part TimeBaseTotal
-TrusteePT$37,480$37,480

Board Members and Trustees

NameTitle
Phillip RaymondDuly Authorized Officer
Revenue and Support

Revenue Composition

Contributions and Grants
$5,641,978
Program Service Revenue
$0
Investment Income
$1,394,797
Other Revenue
$0
All Other Contributions
$5,641,978
Change in Net Assets
$-1,585,054
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$297,877
Salaries, Compensation, and Employee Benefits$37,480
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Benefits to Members---$8,286,472
Other Expenses---$199,753
Fees for Service Investment Mgmnt Fees---$94,351
Current Officers, Directors, Trustees, and Key Employees---$37,480
Fees for Services Management---$3,773
Total Functional Expenses$0$0$0$8,621,829
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
Backup withholding compliance
Yes
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 1

“The organization is a trust formed by alabama power company to receive, hold and invest funds for the purpose of paying medical and life insurance benefits to alabama power company retired employees. Bank of new york mellon is the institutional trustee. The company controls the operations of the trust through its duly authorized officer in accordance with the provisions of the trust agreement. As of december 31, 2020, the duly authorized officer of the trust was phillip raymond, executive vice president and chief financial officer of alabama power company. Mr. Raymond's services as duly authorized officer were provided free of charge to the trust by alabama power company. Bank of new york mellon received trustee's fee of $37,480.”

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

“The form 990 is reviewed by the vp tax of southern company service, inc. Who is delegated authority for tax returns by the duly authorized officer of the trust.”

Form 990, Part VI, Section B, Line 15

“The organization is solely a funding vehicle for post retirement welfare benefits. It has no officers, directors, or employees. No person receives compensation for the operation of the trust except the institutional trustee of the trust's assets and other independent contractors who perform services for the trust, such as accounting, legal,actuarial, and investment advisory services.”

Form 990, Part VI, Section C, Line 19

“The organization's financial statements and governing documents are available for inspection upon prior written request to the extent required by applicable law. There is no written conflict of interest policy.”

Filing and Contact Details

Filer

Filer Name
Alabama Power Co Post Retirement
EIN
63-1133071
Phone
4045066588
Address
241 RALPH MCGILL BLVD BIN 10139, ATLANTA, GA 30308

Signing Officer

Name
Robin D Miller
Title
VP Tax
Phone
4045066588
Signed
2021-04-29
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Bank of New York Mellon
Formed
1994
Legal Domicile
Al
Voting Board Members
1
Independent Board Members
0
Employees
0
Volunteers
0

Preparer

Firm
Troutman Pepper Hamilton Sanders Llp
Address
600 PEACHTREE STREET NE, ATLANTA, GA 30308
Preparer
Roger S Reigner Jr
Phone
4048853516
Raw XML Appendix290 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/BOYAmt00
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt01499828
IRS990/AccountsReceivableGrp/EOYAmt01888
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0FUNDING POST-RETIREMENT MEDICAL AND LIFE INSURANCE BENEFITS
IRS990/AllOtherContributionsAmt05641978
IRS990/BackupWthldComplianceInd01
IRS990/BenefitsToMembersGrp/TotalAmt08286472
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0BANK OF NEW YORK MELLON
IRS990/BooksInCareOfDetail/PhoneNum04122345513
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt01 MELLON CTR
IRS990/BooksInCareOfDetail/USAddress/CityNm0PITTSBURGH
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0PA
IRS990/BooksInCareOfDetail/USAddress/ZIPCd015258
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CapStkTrPrinCurrentFundsGrp/BOYAmt00
IRS990/CapStkTrPrinCurrentFundsGrp/EOYAmt00
IRS990/CashNonInterestBearingGrp/BOYAmt01384799
IRS990/CashNonInterestBearingGrp/EOYAmt04204154
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt037480
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConflictOfInterestPolicyInd00
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt08286472
IRS990/CYContributionsGrantsAmt05641978
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt01394797
IRS990/CYOtherExpensesAmt0297877
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt0-1585054
IRS990/CYSalariesCompEmpBnftPaidAmt037480
IRS990/CYTotalExpensesAmt08621829
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt07036775
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/Desc0THE ALABAMA POWER COMPANY POST-RETIREMENT WELFARE BENEFITS TRUST IS A TRUST FORMED FOR THE PURPOSE OF RECEIVING, HOLDING, AND INVESTING FUNDS TRANSFERRED BY ALABAMA POWER COMPANY FOR THE PURPOSE OF PAYING POST-RETIREMENT WELFARE BENEFITS TO ALABAMA POWER COMPANY RETIRED EMPLOYEES. THE ALABAMA PUBLIC SERVICE COMMISSION REQUIRES ALABAMA POWER COMPANY TO PLACE THE AMOUNT OF THESE RETIREE BENEFIT COSTS INCLUDED IN ITS ELECTRIC RATES IN AN EXTERNAL TRUST FUND. THE TRUST WAS FORMED SOLELY FOR THAT PURPOSE.
IRS990/DescribedInSection501c3Ind00
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd00
IRS990/DonorAdvisedFundInd00
IRS990/DonorRstrOrQuasiEndowmentsInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt00
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesManagementGrp/TotalAmt03773
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt094351
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt00.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt15.00
IRS990/Form990PartVIISectionAGrp/BusinessName/BusinessNameLine1Txt0BANK OF NEW YORK MELLON
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/InstitutionalTrusteeInd0X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/PersonNm0PHILLIP RAYMOND
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt137480
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/TitleTxt0DULY AUTHORIZED OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt1TRUSTEE
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/Form990TFiledInd01
IRS990/FormationYr01994
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedInd00
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/SecuritiesAmt01316041
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt01
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt014238192
IRS990/GrossReceiptsAmt019958926
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt00
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt078756
IRS990/InvestmentIncomeGrp/UnrelatedBusinessRevenueAmt078756
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt05682032
IRS990/InvestmentsPubTradedSecGrp/EOYAmt03012302
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0AL
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt012922151
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0FUNDING POST-RETIREMENT MEDICAL AND LIFE INSURANCE BENEFITS
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt0290365839
IRS990/NetAssetsOrFundBalancesEOYAmt0326357542
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt01316041
IRS990/NetGainOrLossInvestmentsGrp/UnrelatedBusinessRevenueAmt01316041
IRS990/NetUnrelatedBusTxblIncmAmt01210772
IRS990/NetUnrlzdGainsLossesInvstAmt037576757
IRS990/NondeductibleContributionsInd00
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0283299008
IRS990/OtherAssetsTotalGrp/EOYAmt0320639026
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0FEDERAL AND STATE INCOM
IRS990/OtherExpensesGrp/TotalAmt0199753
IRS990/PartialLiquidationInd00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt0290365839
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt0326357542
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0BANK OF NEW YORK MELLON
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt016112717
IRS990/PYContributionsGrantsAmt03881955
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt01782083
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt05450430
IRS990/PYRevenuesLessExpensesAmt0-8618648
IRS990/PYSalariesCompEmpBnftPaidAmt056233
IRS990/PYTotalExpensesAmt017951033
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt09332385
IRS990/ReconcilationRevenueExpnssAmt0-1585054
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt00
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0320639026
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0TRUST OWNED LIFE INSURANCE
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0320639026
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION IS A TRUST FORMED BY ALABAMA POWER COMPANY TO RECEIVE, HOLD AND INVEST FUNDS FOR THE PURPOSE OF PAYING MEDICAL AND LIFE INSURANCE BENEFITS TO ALABAMA POWER COMPANY RETIRED EMPLOYEES. BANK OF NEW YORK MELLON IS THE INSTITUTIONAL TRUSTEE. THE COMPANY CONTROLS THE OPERATIONS OF THE TRUST THROUGH ITS DULY AUTHORIZED OFFICER IN ACCORDANCE WITH THE PROVISIONS OF THE TRUST AGREEMENT. AS OF DECEMBER 31, 2020, THE DULY AUTHORIZED OFFICER OF THE TRUST WAS PHILLIP RAYMOND, EXECUTIVE VICE PRESIDENT AND CHIEF FINANCIAL OFFICER OF ALABAMA POWER COMPANY. MR. RAYMOND'S SERVICES AS DULY AUTHORIZED OFFICER WERE PROVIDED FREE OF CHARGE TO THE TRUST BY ALABAMA POWER COMPANY. BANK OF NEW YORK MELLON RECEIVED TRUSTEE'S FEE OF $37,480.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FORM 990 IS REVIEWED BY THE VP TAX OF SOUTHERN COMPANY SERVICE, INC. WHO IS DELEGATED AUTHORITY FOR TAX RETURNS BY THE DULY AUTHORIZED OFFICER OF THE TRUST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION IS SOLELY A FUNDING VEHICLE FOR POST RETIREMENT WELFARE BENEFITS. IT HAS NO OFFICERS, DIRECTORS, OR EMPLOYEES. NO PERSON RECEIVES COMPENSATION FOR THE OPERATION OF THE TRUST EXCEPT THE INSTITUTIONAL TRUSTEE OF THE TRUST'S ASSETS AND OTHER INDEPENDENT CONTRACTORS WHO PERFORM SERVICES FOR THE TRUST, SUCH AS ACCOUNTING, LEGAL,ACTUARIAL, AND INVESTMENT ADVISORY SERVICES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION'S FINANCIAL STATEMENTS AND GOVERNING DOCUMENTS ARE AVAILABLE FOR INSPECTION UPON PRIOR WRITTEN REQUEST TO THE EXTENT REQUIRED BY APPLICABLE LAW. THERE IS NO WRITTEN CONFLICT OF INTEREST POLICY.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd01
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingEntityName/BusinessNameLine1Txt0SO CO
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt0C
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd0AL
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt0UTILITY
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt0ALABAMA POWER COMPANY
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/AddressLine1Txt0600 N 18TH STREET
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/CityNm0BIRMINGHAM
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/StateAbbreviationCd0AL
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/ZIPCd035219
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt08286472
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0CASH
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0ALABAMA POWER COMPANY
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0C
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0290365839
IRS990/TotalAssetsEOYAmt0327857370
IRS990/TotalAssetsGrp/BOYAmt0290365839
IRS990/TotalAssetsGrp/EOYAmt0327857370
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt05641978
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt08621829
IRS990/TotalGrossUBIAmt01394797
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt01499828
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt01499828
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0290365839
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0326357542
IRS990/TotalOtherCompensationAmt00
IRS990/TotalReportableCompFromOrgAmt037480
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt07036775
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt01394797
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0290365839
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0327857370
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TypeOfOrganizationTrustInd0X
IRS990/UnrelatedBusIncmOverLimitInd01
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01 MELLON CENTER
IRS990/USAddress/CityNm0PITTSBURGH
IRS990/USAddress/StateAbbreviationCd0PA
IRS990/USAddress/ZIPCd015258
IRS990/VotingMembersGoverningBodyCnt01
IRS990/VotingMembersIndependentCnt00
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd00
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0ROBIN D MILLER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0VP TAX
ReturnHeader/BusinessOfficerGrp/PhoneNum04045066588
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-04-29
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0ALABAMA POWER CO POST RETIREMENT
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0WELFARE BENEFITS TRUST
ReturnHeader/Filer/BusinessNameControlTxt0ALAB
ReturnHeader/Filer/EIN0631133071
ReturnHeader/Filer/PhoneNum04045066588
ReturnHeader/Filer/USAddress/AddressLine1Txt0241 RALPH MCGILL BLVD BIN 10139
ReturnHeader/Filer/USAddress/CityNm0ATLANTA
ReturnHeader/Filer/USAddress/StateAbbreviationCd0GA
ReturnHeader/Filer/USAddress/ZIPCd030308
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0580946915
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0TROUTMAN PEPPER HAMILTON SANDERS LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0600 PEACHTREE STREET NE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0ATLANTA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0GA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd030308
ReturnHeader/PreparerPersonGrp/PhoneNum04048853516
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ROGER S REIGNER JR
ReturnHeader/ReturnTs02021-05-09T19:35:49-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0ROBIN
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0MILLER
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$327,857,370
Liabilities
$1,499,828
Net assets
$326,357,542
Revenue
$7,036,775
Expenses
$8,621,829
Net income
-$1,585,054
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$299$0.00$299$18.3$15.2$3.07
2023Detailed filing. Detailed filing data is available for this year.$281$0.00$281$14.3$14.7$0.42
2022Detailed filing. Detailed filing data is available for this year.$253$0.00$253$9.77$14.7$4.93
2021Detailed filing. Detailed filing data is available for this year.$345$0.00$345$14.3$16.5$2.17
2020Detailed filing. Detailed filing data is available for this year.$328$1.50$326$7.04$8.62$1.59
2019Summary only. Only limited summary data is available for this year.$290$0.00$290$9.33$18.0$8.62
2018Summary only. Only limited summary data is available for this year.$253$0.01$252$11.5$18.9$7.45
2017Summary only. Only limited summary data is available for this year.$285$0.00$285$12.8$17.7$4.85
2016Summary only. Only limited summary data is available for this year.$258$0.01$258$7.20$9.22$2.03
2015Summary only. Only limited summary data is available for this year.$258$2.28$256$9.96$15.8$5.83
2014Summary only. Only limited summary data is available for this year.$277$0.38$276$1.72$13.2$11.5
2013Summary only. Only limited summary data is available for this year.$278$1.61$277$13.3$16.0$2.66
2012Summary only. Only limited summary data is available for this year.$238$0.26$238$22.5$21.3$1.27
2011Summary only. Only limited summary data is available for this year.$222$3.82$218$10.5$13.5$3.05