DOMINION RESOURCES INC SALARIED EMPLOYEE LIFE INSURANCE VEBA TRUST: Form 990, tax year 2022

View the entire original 990 at ProPublica ↗

Organization
DOMINION RESOURCES INC SALARIED EMPLOYEE LIFE INSURANCE VEBA TRUST (EIN 25-1845853)
Tax period
2022-01-01 to 2022-12-31
Filed
2023-11-15
IRS object ID
202303199349307080
Schema version
2022v5.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2023-11-15T10:23:44-06:00ReturnTs
Tax Period End2022-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1ERNST & YOUNG US LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

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Address Line12100 ONE PPG PLACEAddressLine1Txt
CityPITTSBURGHCityNm
State AbbreviationPAStateAbbreviationCd
ZIP15222ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2022-01-01TaxPeriodBeginDt

Filer Filer

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EIN251845853EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1Dominion Resources Inc Salaried Emp Life InsBusinessNameLine1Txt
Business Name Line2TrustBusinessNameLine2Txt
FieldValueIRS element (for citing)
In Care Of% NORTHERN TRUSTInCareOfNm
Business Name ControlDOMIBusinessNameControlTxt
Phone3124445677PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1C/O NORTHERN TRUST 50 S LASALLE STAddressLine1Txt
CityChicagoCityNm
State AbbreviationILStateAbbreviationCd
ZIP60603ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonDAVID KOHANZOPersonNm
Person TitleSR VP NORTHERN TRUSTPersonTitleTxt
Phone3124447038PhoneNum
Signature2023-11-14SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

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Person LastKOHANZOPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN

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Preparer PersonEILEEN M WEBBPreparerPersonNm
PTINP01641852PTIN
Phone4126447800PhoneNum
Preparation2023-11-14PreparationDt

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer2TrustedCustomerCd
FieldValueIRS element (for citing)
Tax2022TaxYr
Build TS2023-04-26 12:10:37ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerNorthern TrustPrincipalOfficerNm

US Address USAddress

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Address Line150 South LaSalle StreetAddressLine1Txt
CityChicagoCityNm
State AbbreviationILStateAbbreviationCd
ZIP60603ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$17,272,566GrossReceiptsAmt
Group Return For AffiliatesfalseGroupReturnForAffiliatesInd
Organization501cYes (X)Organization501cInd
Website AddressN/AWebsiteAddressTxt
Type Of Organization TrustYes (X)TypeOfOrganizationTrustInd
Formation1994FormationYr
Legal Domicile StateILLegalDomicileStateCd
Activity Or MissionTO PROVIDE BENEFITS TO ELIGIBLE MEMBERS.ActivityOrMissionDesc
Voting Members Governing Body1VotingMembersGoverningBodyCnt
Voting Members Independent0VotingMembersIndependentCnt
Total Employee0TotalEmployeeCnt
Total Volunteers0TotalVolunteersCnt
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Net Unrelated Bus Txbl Incm$3,360,654NetUnrelatedBusTxblIncmAmt
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CY Investment Income$3,056,463CYInvestmentIncomeAmt
PY Other Revenue$1,825,028PYOtherRevenueAmt
CY Other Revenue$474,914CYOtherRevenueAmt
PY Total Revenue$20,639,431PYTotalRevenueAmt
CY Total Revenue$6,219,295CYTotalRevenueAmt
PY Grants And Similar Paid$0PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$0CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$7,851,398PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$5,601,012CYBenefitsPaidToMembersAmt
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CY Other Expenses$5,733,581CYOtherExpensesAmt
PY Total Expenses$12,841,379PYTotalExpensesAmt
CY Total Expenses$11,393,546CYTotalExpensesAmt
PY Revenues Less Expenses$7,798,052PYRevenuesLessExpensesAmt
CY Revenues Less Expenses-$5,174,251CYRevenuesLessExpensesAmt
Total Assets BOY$100,701,632TotalAssetsBOYAmt
Total Assets EOY$77,533,859TotalAssetsEOYAmt
Total Liabilities BOY$0TotalLiabilitiesBOYAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$100,701,632NetAssetsOrFundBalancesBOYAmt
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Governing Body Voting Members1GoverningBodyVotingMembersCnt
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States Where Copy Of Return Is FldCAStatesWhereCopyOfReturnIsFldCd
Upon RequestYes (X)UponRequestInd

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PersonNORTHERN TRUSTPersonNm
Phone3124445677PhoneNum

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State AbbreviationILStateAbbreviationCd
ZIP60603ZIPCd
FieldValueIRS element (for citing)
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PersonNORTHERN TRUSTPersonNm
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Institutional TrusteeYes (X)InstitutionalTrusteeInd
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Compensation$136,504CompensationAmt
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Personal$0PersonalAmt

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DescPARTNERSHIP INCOMEDesc
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Other Revenue Total$474,914OtherRevenueTotalAmt

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Exclusion$0ExclusionAmt

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Total$0TotalAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

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Total$0TotalAmt

Foreign Grants ForeignGrantsGrp

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Total$0TotalAmt

Benefits To Members BenefitsToMembersGrp

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Total$5,601,012TotalAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

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Total$58,953TotalAmt

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Total$0TotalAmt

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Total$0TotalAmt

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Total$0TotalAmt

Fees For Services Accounting FeesForServicesAccountingGrp

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Total$82,096TotalAmt

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Total$0TotalAmt

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Total$0TotalAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

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Total$88,117TotalAmt

Fees For Services Other FeesForServicesOtherGrp

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Total$237,256TotalAmt

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Information Technology InformationTechnologyGrp

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Occupancy OccupancyGrp

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Travel TravelGrp

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Total$0TotalAmt

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Total$0TotalAmt

Interest InterestGrp

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Total$0TotalAmt

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Insurance InsuranceGrp

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Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmt
UBTI TAX EXPENSE$3,672,015
STATE TAX EXPENSE$1,413,071
PARTNERSHIP EXPENSE$218,505
ADMINISTRATION FEES$7,371

All Other Expenses AllOtherExpensesGrp

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Total$15,150TotalAmt

Total Functional Expenses TotalFunctionalExpensesGrp

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Total$11,393,546TotalAmt

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Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

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Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

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EOY$0EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

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BOY$98,420,354BOYAmt
EOY$74,278,642EOYAmt

Investments Program Related InvestmentsProgramRelatedGrp

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BOY$0BOYAmt
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EOY$0EOYAmt

Total Assets TotalAssetsGrp

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EOY$77,533,859EOYAmt

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EOY$0EOYAmt

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Total Liabilities TotalLiabilitiesGrp

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FieldValueIRS element (for citing)
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind

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EOY$77,533,859EOYAmt

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EOY$0EOYAmt

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BOY$0BOYAmt
EOY$0EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

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EOY$77,533,859EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

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BOY$100,701,632BOYAmt
EOY$77,533,859EOYAmt
FieldValueIRS element (for citing)
Info In Schedule O Part XIYes (X)InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss-$5,174,251ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst-$18,319,790NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets$326,268OtherChangesInNetAssetsAmt
Info In Schedule O Part XIIYes (X)InfoInScheduleOPartXIIInd
Method Of Accounting OtherYes (X)MethodOfAccountingOtherInd
Accountant Compile Or ReviewfalseAccountantCompileOrReviewInd
FS AuditedfalseFSAuditedInd
Federal Grant Audit RequiredfalseFederalGrantAuditRequiredInd

Schedule D IRS990ScheduleD

FieldValueIRS element (for citing)
Art Public Exhibition AmountsArtPublicExhibitionAmountsGrp
Held Works ArtHeldWorksArtGrp
CY Minus3 Yr Endwmt FundCYMinus3YrEndwmtFundGrp
CY Minus4 Yr Endwmt FundCYMinus4YrEndwmtFundGrp
LandLandGrp
BuildingsBuildingsGrp
Leasehold ImprovementsLeaseholdImprovementsGrp
EquipmentEquipmentGrp
Other Land BuildingsOtherLandBuildingsGrp
Financial DerivativesFinancialDerivativesGrp
Closely Held Equity InterestsCloselyHeldEquityInterestsGrp

Other Securities OtherSecuritiesGrp (3 entries)

DescDescBook ValueBookValueAmtMethod ValuationMethodValuationCd
EQUITY$38,051,572F
FIXED INCOME SECURITIES$26,169,945F
PRIVATE EQUITY$10,057,125F
FieldValueIRS element (for citing)
Total Book Value Securities$74,278,642TotalBookValueSecuritiesAmt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (7 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION A, LINES 1A & 1BNORTHERN TRUST SERVES AS THE SOLE DIRECTED TRUSTEE OF THIS TRUST. THE PLAN SPONSOR IS DOMINION ENERGY, INC. THE TRUST IS ADMINISTERED BY THE PLAN SPONSOR IN ACCORDANCE WITH THE TERMS OF THE TRUST AGREEMENT. AS SUCH, THE VEBA DOES NOT HAVE A GOVERNING BODY THAT EXERCISES DISCRETION.
FORM 990, PART VI, SECTION B, LINE 11BNo review was or will be conducted.
FORM 990, PART VI, SECTIONS A & B, LINES 8, 12 - 15THESE QUESTIONS ARE NOT APPLICABLE TO THIS ORGANIZATION, AS IT IS A 501(C)(9) TRUST (VOLUNTARY EMPLOYEE BENEFITS ASSOCIATION). ADDITIONALLY, IT DOES NOT HAVE EMPLOYEES AND THEREFORE, HAS NO PROCESSES RELATED TO EMPLOYEE COMPENSATION.
FORM 990, PART VI, SECTION C, LINE 19AS A 501(C)(9) ORGANIZATION THE TRUST IS NOT REQUIRED TO MAKE THE DOCUMENTS REFERENCED IN QUESTION 19 AVAILABLE TO THE GENERAL PUBLIC.
FORM 990, PART VII, SECTION A, LINE 1A COLUMN (B)AVERAGE HOURS PER WEEK DEVOTED TO POSITION: AS TRUSTEE OF THE ORGANIZATION, NORTHERN TRUST PROVIDED ADMINISTRATIVE SERVICES SUCH AS ACTING AS INVESTMENT MANAGER FOR Dominion Resources Inc Salaried Emp Life Ins Trust. THESE SERVICES REQUIRED NUMEROUS INDIVIDUAL BANK EMPLOYEES' INVOLVEMENT IN THE ACTIVITIES OF THE ORGANIZATION AND THUS CANNOT BE QUANTIFIED ON AN HOURLY BASIS, BUT ARE CALCULATED BASED UPON FACTORS SUCH AS THE MARKET VALUE OF THE ACCOUNT AND IN ACCORDANCE WITH NORTHERN TRUST'S AGREEMENT WITH DOMINION ENERGY, INC.
FORM 990, PART XI, LINE 9REIT Return of Capital Adjustment: $(5,792) Partnership Income & Expense Adjustment: $332,060 Total: 326,268
FORM 990, PART XII, LINE 1MODIFIED CASH BASIS

Schedule R IRS990ScheduleR

Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp

Related Organization Name RelatedOrganizationName

FieldValueIRS element (for citing)
Business Name Line1Dominion Energy IncBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line1120 Tredegar StreetAddressLine1Txt
CityRichmondCityNm
State AbbreviationVAStateAbbreviationCd
ZIP23219ZIPCd
FieldValueIRS element (for citing)
EIN541229715EIN
Primary ActivitiesUtilitiesPrimaryActivitiesTxt
Legal Domicile StateVALegalDomicileStateCd

Direct Controlling Entity Name DirectControllingEntityName

FieldValueIRS element (for citing)
Business Name Line1NABusinessNameLine1Txt
FieldValueIRS element (for citing)
Entity TypeC CorpEntityTypeTxt
Share Of Total Income$0ShareOfTotalIncomeAmt
Share Of EOY Assets$0ShareOfEOYAssetsAmt
Ownership0.00000OwnershipPct
Controlled OrganizationfalseControlledOrganizationInd
FieldValueIRS element (for citing)
Receipt Of Int Annts Rnts RyltsfalseReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth OrgfalseGiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth OrgfalseGiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other OrgfalseLoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth OrgfalseLoansOrGuaranteesFromOthOrgInd
Div Related OrganizationfalseDivRelatedOrganizationInd
Asset Sale To Other OrgfalseAssetSaleToOtherOrgInd
Asset Purchase From Other OrgfalseAssetPurchaseFromOtherOrgInd
Asset ExchangefalseAssetExchangeInd
Rental Of Facilities To Oth OrgfalseRentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth OrgfalseRentalOfFcltsFromOthOrgInd
Perform Of Services For Oth OrgfalsePerformOfServicesForOthOrgInd
Perform Of Services By Other OrgfalsePerformOfServicesByOtherOrgInd
Sharing Of FacilitiesfalseSharingOfFacilitiesInd
Paid Employees SharingfalsePaidEmployeesSharingInd
Reimbursement Paid To Other OrgfalseReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other OrgfalseReimbursementPaidByOtherOrgInd
Transfer To Other OrgfalseTransferToOtherOrgInd
Transfer From Other OrgfalseTransferFromOtherOrgInd

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