Liabilities / Assets
54th percentile
Higher debt load relative to assets than 54% of similar nonprofits.
Kinder Morgan Employees' Benefit Trust
990 • Fiscal year 2020 • EIN 95-4422978
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
0.03x
Liabilities / Revenue
89th percentile
Higher debt load relative to revenue than 89% of similar nonprofits.
Net Margin
7th percentile
Higher net margin than 7% of similar nonprofits.
Top Officer Pay
38th percentile
Higher top officer pay than 38% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
50th percentile
Faster asset growth than 50% of similar nonprofits.
Revenue Growth
60th percentile
Faster revenue growth than 60% of similar nonprofits.
Balance Sheet
Assets
Up$303,385,975
Up $23,679,645 (+8.5%) from 2019
Net Assets
Up$293,571,999
Up $15,880,781 (+5.7%) from 2019
Liabilities
Up$9,813,976
Up $7,798,864 (+387%) from 2019
Revenue And Expenses
Revenue
Up$19,885,527
Up $388,908 (+2.0%) from 2019
Expenses
Up$36,239,972
Up $10,101,713 (+39%) from 2019
Net Income
Down-$16,354,445
Down $9,712,805 (-146%) from 2019
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2020 to Dec 31, 2020
- Signed
- Nov 11, 2021
- Return Version
- 2020v4.1
- Gross Receipts
- $93,254,971
Mission and Program Overview
Mission
Provide health and other benefits for certain employees and retirees of kinder morgan, inc.
Balance Sheet Detail
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Investments Other Securities | $216,409,773 | $297,644,114 | ▲ $81,234,341 |
| Cap Stk Tr Prin Current Funds | $277,691,218 | $293,571,999 | ▲ $15,880,781 |
| Accounts Receivable | $5,155,720 | $3,127,317 | ▼ $2,028,403 |
| Savings and Temporary Cash Investments | $2,504,581 | $2,614,540 | ▲ $109,959 |
| Cash and Non-Interest-Bearing Accounts | $1,615,184 | $0 | ▼ $1,615,184 |
| Investments in Publicly Traded Securities | $54,021,072 | $4 | ▼ $54,021,068 |
| 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 Program Related | $0 | $0 | → $0 |
| Land, Buildings, and Equipment, Net | $0 | $0 | → $0 |
| Pd in Cap Srpls Land Bldg Eqp Fund | $0 | $0 | → $0 |
| Rtn Earn Endowment Incm Other Fnds | $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 | $279,706,330 | $303,385,975 | ▲ $23,679,645 |
| Other Assets Total | $0 | $0 | → $0 |
| Liabilities | |||
| Other Liabilities | $1,383,013 | $8,985,244 | ▲ $7,602,231 |
| Accounts Payable and Accrued Expenses | $632,099 | $828,732 | ▲ $196,633 |
| Grants Payable | $0 | $0 | → $0 |
| Mortgage Notes Payable Secured by Investment Property | $0 | $0 | → $0 |
| Unsecured Notes Loans Payable | $0 | $0 | → $0 |
| Deferred Revenue | $0 | $0 | → $0 |
| Escrow Account Liability | $0 | $0 | → $0 |
| Tax Exempt Bond Liabilities | $0 | $0 | → $0 |
| Total Liabilities | $2,015,112 | $9,813,976 | ▲ $7,798,864 |
| Net Assets / Fund Balance | |||
| Total Net Assets Fund Balance | $277,691,218 | $293,571,999 | ▲ $15,880,781 |
| Total Liabilities and Net Assets / Fund Balance | $279,706,330 | $303,385,975 | ▲ $23,679,645 |
Asset Categories
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Other Securities | $108,250,612 | - | - |
Compensation and Service Providers
Employees
| Name | Title | Base | Total |
|---|---|---|---|
| Northern Trust | Trustee | $1,505 | $1,505 |
Revenue and Support
Revenue Composition
- Contributions and Grants
- $0
- Program Service Revenue
- $14,408,236
- Investment Income
- $5,477,108
- Other Revenue
- $183
- Change in Net Assets
- $-16,354,445
Expenses and Functional Allocation
Major Expense Lines
| Line Item | Amount |
|---|---|
| Salaries, Compensation, and Employee Benefits | $12,556,484 |
| Other Expenses | $10,198,540 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Total Fundraising Expense | $0 |
Functional Expense Allocation
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Benefits to Members | $13,484,948 | - | - | $13,484,948 |
| Other Employee Benefits | $12,554,979 | - | - | $12,554,979 |
| Other Expenses | - | $8,748,677 | - | $8,748,677 |
| Fees for Services Management | $1,302,333 | - | - | $1,302,333 |
| Fees for Service Investment Mgmnt Fees | - | $147,530 | - | $147,530 |
| Current Officers, Directors, Trustees, and Key Employees | $1,505 | - | - | $1,505 |
| Total Functional Expenses | $27,343,765 | $8,896,207 | $0 | $36,239,972 |
Fundraising, Events, and Gaming
- Fundraising activities
- No
- Gaming activities
- No
- Professional fundraiser used
- No
Fundraising and Gaming Totals
| Line Item | Amount |
|---|---|
| Fundraising Direct Expenses | $0 |
| Fundraising Gross Income | $0 |
| Gaming Direct Expenses | $0 |
| Gaming Gross Income | $0 |
| 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 Item | Beginning | End | Change |
|---|---|---|---|
| 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 |
Debt and Bond Financing
Other Reported Liabilities
| Liability | Amount |
|---|---|
| Deferred Income Taxes | $8,985,244 |
Governance and Compliance
Governance Checklist
- Compiled or reviewed by an accountant
- No
- Backup withholding compliance
- 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
- Yes
- Management duties delegated
- Yes
Governance Explanations
FORM 990, PART VI, SECTION A, LINE 1A:
“The committee presently consists of six members.”
FORM 990, PART VI, SECTION A, LINE 3:
“The kinder morgan, inc. Committee includes six voting members: (i) president-co2, (ii) vp-accounting, (iii) vp-ops, (iv) coo terminals, (v)vp-corporate secretary, and (vi) chief information officer. The committee has authority to interpret the veba and participating plans, carry out the general administration of the plans and the veba and take all other action necessary for its administration. None of the members is a trustee.”
FORM 990, PART VI, SECTION A, LINE 7A:
“In the event of the resignation or removal of the trustee, kinder morgan, inc. Fiduciary committee may appoint and designate a new trustee. The trustee may be removed by kinder morgan, inc. Fiduciary committee at any time.”
FORM 990, PART VI, SECTION A, LINE 7B:
“The trustee is a 'directed' trustee. The trustee makes payments and disbursements as ordered or specified by the committee. Discretionary authority for investment of assets is retained by the committee. The committee is responsible for determining the diversification policy of the trust.”
FORM 990, PART VI, SECTION B, LINE 11B:
“The committee delegated the preparation and review to the kinder morgan, inc. Tax department. The tax department obtained the necessary data to prepare and complete form 990.”
FORM 990, PART VI, SECTION C, LINE 19:
“The financial statements and governing documents are not posted for public inspection.”
Filing and Contact Details
Filer
- Filer Name
- KINDER MORGAN EMPLOYEES' BENEFIT TRUST
- EIN
- 95-4422978
- In Care Of
- % EDDIE AMMONS
- Phone
- 7134203509
- Address
- 1001 LOUISIANA ST STE 1000, HOUSTON, TX 77002
Signing Officer
- Name
- Jordan Mintz
- Title
- VP/CTO
- Phone
- 7133699000
- Signed
- 2021-11-11
Organization Details
- Principal Officer
- Same as C Above
- Formed
- 1992
- Legal Domicile
- Ny
- Voting Board Members
- 6
- Independent Board Members
- 0
- Employees
- 0
Supplemental Narrative
Additional Explanations
FORM 990, PART XI, LINE 5:
“Changes in net assets: unrealized gain on investments of $32,235,226”
FORM 990, PART XII, LINES 2A & 2B:
“Explanation of financial statements - the master trust does not have separate, independent audited financial statements for the tax year. It holds certain assets of the kinder morgan, inc. Master retiree benefits plan, which is audited.”
Raw XML Appendix386 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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|---|---|---|
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| IRS990/AccountsPayableAccrExpnssGrp/EOYAmt | 0 | 828732 |
| IRS990/AccountsReceivableGrp/BOYAmt | 0 | 5155720 |
| IRS990/AccountsReceivableGrp/EOYAmt | 0 | 3127317 |
| IRS990/ActivitiesConductedPrtshpInd | 0 | false |
| IRS990/ActivityOrMissionDesc | 0 | PROVIDE HEALTH AND OTHER BENEFITS FOR CERTAIN EMPLOYEES AND RETIREES OF KINDER MORGAN, INC. |
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| IRS990/BooksInCareOfDetail/USAddress/CityNm | 0 | HOUSTON |
| IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | TX |
| IRS990/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 77002 |
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| IRS990/BusinessRlnWithOrgMemInd | 0 | false |
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| IRS990/CapStkTrPrinCurrentFundsGrp/EOYAmt | 0 | 293571999 |
| IRS990/CashNonInterestBearingGrp/BOYAmt | 0 | 1615184 |
| IRS990/CashNonInterestBearingGrp/EOYAmt | 0 | 0 |
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| IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt | 0 | 1505 |
| IRS990/CompDisqualPersonsGrp/TotalAmt | 0 | 0 |
| IRS990/CompensationFromOtherSrcsInd | 0 | false |
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| IRS990/CreditCounselingInd | 0 | false |
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| IRS990/CYOtherExpensesAmt | 0 | 10198540 |
| IRS990/CYOtherRevenueAmt | 0 | 183 |
| IRS990/CYProgramServiceRevenueAmt | 0 | 14408236 |
| IRS990/CYRevenuesLessExpensesAmt | 0 | -16354445 |
| IRS990/CYSalariesCompEmpBnftPaidAmt | 0 | 12556484 |
| IRS990/CYTotalExpensesAmt | 0 | 36239972 |
| IRS990/CYTotalFundraisingExpenseAmt | 0 | 0 |
| IRS990/CYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/CYTotalRevenueAmt | 0 | 19885527 |
| IRS990/DecisionsSubjectToApprovaInd | 0 | true |
| IRS990/DeductibleArtContributionInd | 0 | false |
| IRS990/DeductibleNonCashContriInd | 0 | false |
| IRS990/DeferredRevenueGrp/BOYAmt | 0 | 0 |
| IRS990/DeferredRevenueGrp/EOYAmt | 0 | 0 |
| IRS990/DelegationOfMgmtDutiesInd | 0 | true |
| IRS990/DepreciationDepletionGrp/TotalAmt | 0 | 0 |
| IRS990/Desc | 0 | BENEFITS PAID 13,484,948 |
| IRS990/DescribedInSection501c3Ind | 0 | false |
| IRS990/DisregardedEntityInd | 0 | false |
| IRS990/DocumentRetentionPolicyInd | 0 | false |
| IRS990/DonorAdvisedFundInd | 0 | false |
| IRS990/DonorRstrOrQuasiEndowmentsInd | 0 | false |
| IRS990/ElectionOfBoardMembersInd | 0 | true |
| IRS990/EmployeeCnt | 0 | 0 |
| IRS990/EscrowAccountLiabilityGrp/BOYAmt | 0 | 0 |
| IRS990/EscrowAccountLiabilityGrp/EOYAmt | 0 | 0 |
| IRS990/FamilyOrBusinessRlnInd | 0 | false |
| IRS990/FederalGrantAuditRequiredInd | 0 | false |
| IRS990/FeesForServicesAccountingGrp/TotalAmt | 0 | 0 |
| IRS990/FeesForServicesLegalGrp/TotalAmt | 0 | 0 |
| IRS990/FeesForServicesLobbyingGrp/TotalAmt | 0 | 0 |
| IRS990/FeesForServicesManagementGrp/ProgramServicesAmt | 0 | 1302333 |
| IRS990/FeesForServicesManagementGrp/TotalAmt | 0 | 1302333 |
| IRS990/FeesForServicesOtherGrp/TotalAmt | 0 | 0 |
| IRS990/FeesForServicesProfFundraising/TotalAmt | 0 | 0 |
| IRS990/FeesForSrvcInvstMgmntFeesGrp/ManagementAndGeneralAmt | 0 | 147530 |
| IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt | 0 | 147530 |
| IRS990/ForeignActivitiesInd | 0 | false |
| IRS990/ForeignFinancialAccountInd | 0 | false |
| IRS990/ForeignGrantsGrp/TotalAmt | 0 | 0 |
| IRS990/ForeignOfficeInd | 0 | false |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 0 | 0.0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 0 | 0.0 |
| IRS990/Form990PartVIISectionAGrp/InstitutionalTrusteeInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 0 | Northern Trust |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 0 | 1505 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 0 | Trustee |
| IRS990/Form990ProvidedToGvrnBodyInd | 0 | false |
| IRS990/Form990TFiledInd | 0 | true |
| IRS990/FormationYr | 0 | 1992 |
| IRS990/FormerOfcrEmployeesListedInd | 0 | false |
| IRS990/FSAuditedInd | 0 | false |
| IRS990/FundraisingActivitiesInd | 0 | false |
| IRS990/FundraisingDirectExpensesAmt | 0 | 0 |
| IRS990/FundraisingGrossIncomeAmt | 0 | 0 |
| IRS990/GainOrLossGrp/SecuritiesAmt | 0 | -465735 |
| IRS990/GamingActivitiesInd | 0 | false |
| IRS990/GamingDirectExpensesAmt | 0 | 0 |
| IRS990/GamingGrossIncomeAmt | 0 | 0 |
| IRS990/GoverningBodyVotingMembersCnt | 0 | 6 |
| IRS990/GrantsPayableGrp/BOYAmt | 0 | 0 |
| IRS990/GrantsPayableGrp/EOYAmt | 0 | 0 |
| IRS990/GrantsToDomesticIndividualsGrp/TotalAmt | 0 | 0 |
| IRS990/GrantsToDomesticOrgsGrp/TotalAmt | 0 | 0 |
| IRS990/GrantsToIndividualsInd | 0 | false |
| IRS990/GrantsToOrganizationsInd | 0 | false |
| IRS990/GrantToRelatedPersonInd | 0 | false |
| IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt | 0 | 72903709 |
| IRS990/GrossReceiptsAmt | 0 | 93254971 |
| IRS990/GrossSalesOfInventoryAmt | 0 | 0 |
| IRS990/GroupReturnForAffiliatesInd | 0 | false |
| IRS990/IncludeFIN48FootnoteInd | 0 | false |
| IRS990/IncmFromInvestBondProceedsGrp/TotalRevenueColumnAmt | 0 | 0 |
| IRS990/IndependentAuditFinclStmtInd | 0 | false |
| IRS990/IndependentVotingMemberCnt | 0 | 0 |
| IRS990/IndivRcvdGreaterThan100KCnt | 0 | 0 |
| IRS990/IndoorTanningServicesInd | 0 | false |
| IRS990/InfoInScheduleOPartVIInd | 0 | X |
| IRS990/InfoInScheduleOPartXIIInd | 0 | X |
| IRS990/InfoInScheduleOPartXIInd | 0 | X |
| IRS990/InformationTechnologyGrp/TotalAmt | 0 | 0 |
| IRS990/InsuranceGrp/TotalAmt | 0 | 0 |
| IRS990/IntangibleAssetsGrp/BOYAmt | 0 | 0 |
| IRS990/IntangibleAssetsGrp/EOYAmt | 0 | 0 |
| IRS990/InterestGrp/TotalAmt | 0 | 0 |
| IRS990/InventoriesForSaleOrUseGrp/BOYAmt | 0 | 0 |
| IRS990/InventoriesForSaleOrUseGrp/EOYAmt | 0 | 0 |
| IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt | 0 | 5942843 |
| IRS990/InvestmentIncomeGrp/UnrelatedBusinessRevenueAmt | 0 | 5942843 |
| IRS990/InvestmentInJointVentureInd | 0 | false |
| IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt | 0 | 216409773 |
| IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt | 0 | 297644114 |
| IRS990/InvestmentsProgramRelatedGrp/BOYAmt | 0 | 0 |
| IRS990/InvestmentsProgramRelatedGrp/EOYAmt | 0 | 0 |
| IRS990/InvestmentsPubTradedSecGrp/BOYAmt | 0 | 54021072 |
| IRS990/InvestmentsPubTradedSecGrp/EOYAmt | 0 | 4 |
| IRS990/IRPDocumentCnt | 0 | 0 |
| IRS990/IRPDocumentW2GCnt | 0 | 0 |
| IRS990/LandBldgEquipBasisNetGrp/BOYAmt | 0 | 0 |
| IRS990/LandBldgEquipBasisNetGrp/EOYAmt | 0 | 0 |
| IRS990/LegalDomicileStateCd | 0 | NY |
| IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt | 0 | 73369444 |
| IRS990/LoanOutstandingInd | 0 | false |
| IRS990/LoansFromOfficersDirectorsGrp/BOYAmt | 0 | 0 |
| IRS990/LoansFromOfficersDirectorsGrp/EOYAmt | 0 | 0 |
| IRS990/LocalChaptersInd | 0 | false |
| IRS990/MaterialDiversionOrMisuseInd | 0 | false |
| IRS990/MembersOrStockholdersInd | 0 | false |
| IRS990/MethodOfAccountingAccrualInd | 0 | X |
| IRS990/MinutesOfCommitteesInd | 0 | true |
| IRS990/MinutesOfGoverningBodyInd | 0 | true |
| IRS990/MissionDesc | 0 | PROVIDE HEALTH AND OTHER BENEFITS FOR CERTAIN EMPLOYEES AND RETIREES OF KINDER MORGAN, INC. |
| IRS990/MoreThan5000KToIndividualsInd | 0 | false |
| IRS990/MoreThan5000KToOrgInd | 0 | false |
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| IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt | 0 | 0 |
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| IRS990/NetAssetsOrFundBalancesEOYAmt | 0 | 293571999 |
| IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt | 0 | -465735 |
| IRS990/NetGainOrLossInvestmentsGrp/UnrelatedBusinessRevenueAmt | 0 | -465735 |
| IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt | 0 | 0 |
| IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt | 0 | 0 |
| IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt | 0 | 0 |
| IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt | 0 | 0 |
| IRS990/NetUnrelatedBusTxblIncmAmt | 0 | 5342769 |
| IRS990/NetUnrlzdGainsLossesInvstAmt | 0 | 32235226 |
| IRS990/NondeductibleContributionsInd | 0 | false |
| IRS990/OccupancyGrp/TotalAmt | 0 | 0 |
| IRS990/OfficeExpensesGrp/TotalAmt | 0 | 0 |
| IRS990/OfficerMailingAddressInd | 0 | false |
| IRS990/OperateHospitalInd | 0 | false |
| IRS990/Organization501cInd | 0 | X |
| IRS990/OrgDoesNotFollowFASB117Ind | 0 | X |
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| IRS990/OtherAssetsTotalGrp/EOYAmt | 0 | 0 |
| IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt | 0 | 12554979 |
| IRS990/OtherEmployeeBenefitsGrp/TotalAmt | 0 | 12554979 |
| IRS990/OtherExpensesGrp/Desc | 0 | UBTI TAXES |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 0 | 8748677 |
| IRS990/OtherExpensesGrp/TotalAmt | 0 | 8748677 |
| IRS990/OtherLiabilitiesGrp/BOYAmt | 0 | 1383013 |
| IRS990/OtherLiabilitiesGrp/EOYAmt | 0 | 8985244 |
| IRS990/OtherRevenueMiscGrp/BusinessCd | 0 | 900099 |
| IRS990/OtherRevenueMiscGrp/Desc | 0 | OTHER INCOME |
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| IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt | 0 | 183 |
| IRS990/OtherRevenueTotalAmt | 0 | 183 |
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| IRS990/OthNotesLoansReceivableNetGrp/EOYAmt | 0 | 0 |
| IRS990/PartialLiquidationInd | 0 | false |
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| IRS990/PayrollTaxesGrp/TotalAmt | 0 | 0 |
| IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt | 0 | 0 |
| IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt | 0 | 0 |
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| IRS990/PledgesAndGrantsReceivableGrp/BOYAmt | 0 | 0 |
| IRS990/PledgesAndGrantsReceivableGrp/EOYAmt | 0 | 0 |
| IRS990/PoliticalCampaignActyInd | 0 | false |
| IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt | 0 | 0 |
| IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt | 0 | 0 |
| IRS990/PrincipalOfficerNm | 0 | SAME AS C ABOVE |
| IRS990/ProfessionalFundraisingInd | 0 | false |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 0 | 525100 |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 1 | 525100 |
| IRS990/ProgramServiceRevenueGrp/Desc | 0 | EMPLOYER CONTRIBUTIONS |
| IRS990/ProgramServiceRevenueGrp/Desc | 1 | RETIREE CONTRIBUTIONS |
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| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 1 | 1842931 |
| IRS990/ProhibitedTaxShelterTransInd | 0 | false |
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| IRS990/PYGrantsAndSimilarPaidAmt | 0 | 0 |
| IRS990/PYInvestmentIncomeAmt | 0 | 6309588 |
| IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt | 0 | 0 |
| IRS990/PYOtherExpensesAmt | 0 | 1379169 |
| IRS990/PYOtherRevenueAmt | 0 | 2203 |
| IRS990/PYProgramServiceRevenueAmt | 0 | 13184828 |
| IRS990/PYRevenuesLessExpensesAmt | 0 | -6641640 |
| IRS990/PYSalariesCompEmpBnftPaidAmt | 0 | 12497245 |
| IRS990/PYTotalExpensesAmt | 0 | 26138259 |
| IRS990/PYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/PYTotalRevenueAmt | 0 | 19496619 |
| IRS990/RcvblFromDisqualifiedPrsnGrp/BOYAmt | 0 | 0 |
| IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt | 0 | 0 |
| IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt | 0 | 0 |
| IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt | 0 | 0 |
| IRS990/ReconcilationRevenueExpnssAmt | 0 | -16354445 |
| IRS990/RelatedEntityInd | 0 | true |
| IRS990/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990/RentalIncomeOrLossGrp/PersonalAmt | 0 | 0 |
| IRS990/RentalIncomeOrLossGrp/RealAmt | 0 | 0 |
| IRS990/ReportInvestmentsOtherSecInd | 0 | true |
| IRS990/ReportLandBuildingEquipmentInd | 0 | false |
| IRS990/ReportOtherAssetsInd | 0 | false |
| IRS990/ReportOtherLiabilitiesInd | 0 | true |
| IRS990/ReportProgramRelatedInvstInd | 0 | false |
| IRS990/RoyaltiesGrp/TotalAmt | 0 | 0 |
| IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt | 0 | 0 |
| IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt | 0 | 0 |
| IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt | 0 | 0 |
| IRS990/SavingsAndTempCashInvstGrp/BOYAmt | 0 | 2504581 |
| IRS990/SavingsAndTempCashInvstGrp/EOYAmt | 0 | 2614540 |
| IRS990/ScheduleBRequiredInd | 0 | false |
| IRS990ScheduleD/FederalIncomeTaxLiabilityAmt | 0 | 0 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 0 | 8985244 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 0 | DEFERRED INCOME TAXES |
| IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt | 0 | 189393502 |
| IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt | 1 | 108250612 |
| IRS990ScheduleD/OtherSecuritiesGrp/Desc | 0 | NTGI QM COMM DAILY ALL COUNTRY |
| IRS990ScheduleD/OtherSecuritiesGrp/Desc | 1 | NTGI QM COMM DAILY AGG BOND |
| IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd | 0 | F |
| IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd | 1 | F |
| IRS990ScheduleD/TotalBookValueSecuritiesAmt | 0 | 297644114 |
| IRS990ScheduleD/TotalLiabilityAmt | 0 | 8985244 |
| IRS990/ScheduleJRequiredInd | 0 | false |
| IRS990/ScheduleORequiredInd | 0 | true |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | THE COMMITTEE PRESENTLY CONSISTS OF SIX MEMBERS. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | THE KINDER MORGAN, INC. COMMITTEE INCLUDES SIX VOTING MEMBERS: (I) PRESIDENT-CO2, (II) VP-ACCOUNTING, (III) VP-OPS, (IV) COO TERMINALS, (V)VP-CORPORATE SECRETARY, AND (VI) CHIEF INFORMATION OFFICER. THE COMMITTEE HAS AUTHORITY TO INTERPRET THE VEBA AND PARTICIPATING PLANS, CARRY OUT THE GENERAL ADMINISTRATION OF THE PLANS AND THE VEBA AND TAKE ALL OTHER ACTION NECESSARY FOR ITS ADMINISTRATION. NONE OF THE MEMBERS IS A TRUSTEE. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | IN THE EVENT OF THE RESIGNATION OR REMOVAL OF THE TRUSTEE, KINDER MORGAN, INC. FIDUCIARY COMMITTEE MAY APPOINT AND DESIGNATE A NEW TRUSTEE. THE TRUSTEE MAY BE REMOVED BY KINDER MORGAN, INC. FIDUCIARY COMMITTEE AT ANY TIME. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | THE TRUSTEE IS A 'DIRECTED' TRUSTEE. THE TRUSTEE MAKES PAYMENTS AND DISBURSEMENTS AS ORDERED OR SPECIFIED BY THE COMMITTEE. DISCRETIONARY AUTHORITY FOR INVESTMENT OF ASSETS IS RETAINED BY THE COMMITTEE. THE COMMITTEE IS RESPONSIBLE FOR DETERMINING THE DIVERSIFICATION POLICY OF THE TRUST. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | THE COMMITTEE DELEGATED THE PREPARATION AND REVIEW TO THE KINDER MORGAN, INC. TAX DEPARTMENT. THE TAX DEPARTMENT OBTAINED THE NECESSARY DATA TO PREPARE AND COMPLETE FORM 990. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 5 | THE FINANCIAL STATEMENTS AND GOVERNING DOCUMENTS ARE NOT POSTED FOR PUBLIC INSPECTION. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 6 | CHANGES IN NET ASSETS: UNREALIZED GAIN ON INVESTMENTS OF $32,235,226 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 7 | EXPLANATION OF FINANCIAL STATEMENTS - THE MASTER TRUST DOES NOT HAVE SEPARATE, INDEPENDENT AUDITED FINANCIAL STATEMENTS FOR THE TAX YEAR. IT HOLDS CERTAIN ASSETS OF THE KINDER MORGAN, INC. MASTER RETIREE BENEFITS PLAN, WHICH IS AUDITED. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990, PART VI, SECTION A, LINE 1A: |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990, PART VI, SECTION A, LINE 3: |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990, PART VI, SECTION A, LINE 7A: |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990, PART VI, SECTION A, LINE 7B: |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | FORM 990, PART VI, SECTION B, LINE 11B: |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 5 | FORM 990, PART VI, SECTION C, LINE 19: |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 6 | FORM 990, PART XI, LINE 5: |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 7 | FORM 990, PART XII, LINES 2A & 2B: |
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| IRS990ScheduleR/AssetPurchaseFromOtherOrgInd | 0 | false |
| IRS990ScheduleR/AssetSaleToOtherOrgInd | 0 | false |
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| IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingEntityName/BusinessNameLine1Txt | 0 | NA |
| IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EIN | 0 | 800682103 |
| IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt | 0 | C CORP |
| IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd | 0 | TX |
| IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/OwnershipPct | 0 | 0.00000 |
| IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt | 0 | GAS PIPELINE |
| IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt | 0 | KINDER MORGAN INC |
| IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ShareOfEOYAssetsAmt | 0 | 0 |
| IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ShareOfTotalIncomeAmt | 0 | 0 |
| IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/AddressLine1Txt | 0 | 1001 LOUISANA ST STE 1000 |
| IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/CityNm | 0 | HOUSTON |
| IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/StateAbbreviationCd | 0 | TX |
| IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/ZIPCd | 0 | 77002 |
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| IRS990ScheduleR/PerformOfServicesForOthOrgInd | 0 | false |
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| IRS990ScheduleR/ReimbursementPaidByOtherOrgInd | 0 | false |
| IRS990ScheduleR/ReimbursementPaidToOtherOrgInd | 0 | false |
| IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd | 0 | false |
| IRS990ScheduleR/RentalOfFcltsFromOthOrgInd | 0 | false |
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| IRS990ScheduleR/TransferFromOtherOrgInd | 0 | false |
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| IRS990/SignificantChangeInd | 0 | false |
| IRS990/SignificantNewProgramSrvcInd | 0 | false |
| IRS990/SubjectToExcsTaxNetInvstIncInd | 0 | false |
| IRS990/SubjectToProxyTaxInd | 0 | false |
| IRS990/SubjToTaxRmnrtnExPrchtPymtInd | 0 | false |
| IRS990/TaxablePartyNotificationInd | 0 | false |
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| IRS990/TaxExemptBondLiabilitiesGrp/EOYAmt | 0 | 0 |
| IRS990/TaxExemptBondsInd | 0 | false |
| IRS990/TerminateOperationsInd | 0 | false |
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| IRS990/TotalAssetsEOYAmt | 0 | 303385975 |
| IRS990/TotalAssetsGrp/BOYAmt | 0 | 279706330 |
| IRS990/TotalAssetsGrp/EOYAmt | 0 | 303385975 |
| IRS990/TotalCompGreaterThan150KInd | 0 | false |
| IRS990/TotalContributionsAmt | 0 | 0 |
| IRS990/TotalEmployeeCnt | 0 | 0 |
| IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt | 0 | 8896207 |
| IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt | 0 | 27343765 |
| IRS990/TotalFunctionalExpensesGrp/TotalAmt | 0 | 36239972 |
| IRS990/TotalGrossUBIAmt | 0 | 5477108 |
| IRS990/TotalLiabilitiesBOYAmt | 0 | 2015112 |
| IRS990/TotalLiabilitiesEOYAmt | 0 | 9813976 |
| IRS990/TotalLiabilitiesGrp/BOYAmt | 0 | 2015112 |
| IRS990/TotalLiabilitiesGrp/EOYAmt | 0 | 9813976 |
| IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt | 0 | 277691218 |
| IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt | 0 | 293571999 |
| IRS990/TotalOtherCompensationAmt | 0 | 0 |
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| IRS990/TotalReportableCompFromOrgAmt | 0 | 1505 |
| IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 14408419 |
| IRS990/TotalRevenueGrp/TotalRevenueColumnAmt | 0 | 19885527 |
| IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt | 0 | 5477108 |
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| IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt | 0 | 303385975 |
| IRS990/TotReportableCompRltdOrgAmt | 0 | 0 |
| IRS990/TravelGrp/TotalAmt | 0 | 0 |
| IRS990/TypeOfOrganizationTrustInd | 0 | X |
| IRS990/UnrelatedBusIncmOverLimitInd | 0 | true |
| IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt | 0 | 0 |
| IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt | 0 | 0 |
| IRS990/UponRequestInd | 0 | X |
| IRS990/USAddress/AddressLine1Txt | 0 | 1001 LOUISIANA ST STE 1000 |
| IRS990/USAddress/CityNm | 0 | HOUSTON |
| IRS990/USAddress/StateAbbreviationCd | 0 | TX |
| IRS990/USAddress/ZIPCd | 0 | 77002 |
| IRS990/VotingMembersGoverningBodyCnt | 0 | 6 |
| IRS990/VotingMembersIndependentCnt | 0 | 0 |
| IRS990/WebsiteAddressTxt | 0 | N/A |
| IRS990/WhistleblowerPolicyInd | 0 | false |
| ReturnHeader/BuildTS | 0 | 2022-09-23 18:48:47Z |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | Jordan Mintz |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | VP/CTO |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 7133699000 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2021-11-11 |
| ReturnHeader/DisasterReliefTxt | 0 | TX Severe Winter Storm |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | KINDER MORGAN EMPLOYEES' BENEFIT TRUST |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | KIND |
| ReturnHeader/Filer/EIN | 0 | 954422978 |
| ReturnHeader/Filer/InCareOfNm | 0 | % EDDIE AMMONS |
| ReturnHeader/Filer/PhoneNum | 0 | 7134203509 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 1001 LOUISIANA ST STE 1000 |
| ReturnHeader/Filer/USAddress/CityNm | 0 | HOUSTON |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | TX |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 77002 |
| ReturnHeader/ReturnTs | 0 | 2021-11-11T17:13:38-06:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990 |
| ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm | 0 | Jordan |
| ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm | 0 | Mintz |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2020-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2020-12-31 |
| ReturnHeader/TaxYr | 0 | 2020 |
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.
- Assets
- $303,385,975
- Liabilities
- $9,813,976
- Net assets
- $293,571,999
- Revenue
- $19,885,527
- Expenses
- $36,239,972
- Net income
- -$16,354,445