EVERSOURCE RETIREES BENEFIT TRUST: Form 990, tax year 2012

View the entire original 990 at ProPublica ↗

Organization
EVERSOURCE RETIREES BENEFIT TRUST (EIN 04-3220614)
Tax period
2012-01-01 to 2012-12-31
Filed
2013-11-15
IRS object ID
201313199349304896
Schema version
2012v2.1
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)
Timestamp2013-11-15T11:35:26-06:00Timestamp
Tax Period End Date2012-12-31TaxPeriodEndDate

Preparer Firm PreparerFirm

FieldValueIRS element (for citing)
EIN420714325EIN

Preparer Firm Business Name PreparerFirmBusinessName

FieldValueIRS element (for citing)
Business Name Line1MCGLADREY LLPBusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

FieldValueIRS element (for citing)
Address Line180 CITY SQUAREAddressLine1
CityBOSTONCity
StateMAState
ZIP Code021293742ZIPCode
FieldValueIRS element (for citing)
Return Type990ReturnType
Tax Period Begin Date2012-01-01TaxPeriodBeginDate

Filer Filer

FieldValueIRS element (for citing)
EIN043220614EIN

Name Name

FieldValueIRS element (for citing)
Business Name Line1NSTAR RETIREES BENEFIT TRUSTBusinessNameLine1
FieldValueIRS element (for citing)
Name ControlNSTANameControl
Phone6174242000Phone

US Address USAddress

FieldValueIRS element (for citing)
Address Line1ONE NSTAR WAYAddressLine1
CityWESTWOODCity
StateMAState
ZIP Code02090ZIPCode

Officer Officer

FieldValueIRS element (for citing)
NameSTEVEN BOUCHARDName
TitleVICE PRESIDENTTitle
Phone6174242000Phone
Date Signed2013-11-15DateSigned
Authorize Third Party1AuthorizeThirdParty

Preparer Preparer

FieldValueIRS element (for citing)
NameLYNNE JOHNSONName
PTINP00757336PTIN
Phone6179129000Phone
FieldValueIRS element (for citing)
Tax Year2012TaxYear
Build TS2016-03-07 17:11:31ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Name Of Principal Officer PersonSTEVEN BOUCHARDNameOfPrincipalOfficerPerson

Address Principal Officer US AddressPrincipalOfficerUS

FieldValueIRS element (for citing)
Address Line120 TRAFALGAR SQUARE SUITE 449AddressLine1
CityNASHUACity
StateNHState
ZIP Code03063ZIPCode
FieldValueIRS element (for citing)
Gross Receipts48345685GrossReceipts
Group Return For Affiliates0GroupReturnForAffiliates
Organization501cXOrganization501c
Web SiteWWW.NSTAR.COMWebSite
Type Of Organization TrustXTypeOfOrganizationTrust
Year Formation1993YearFormation
State Legal DomicileMAStateLegalDomicile
Activity Or Mission DescriptionDISTRIBUTION OF PAYMENTS TO CARRIERS AND SIMILAR ORGANIZATIONS FOR PROVISION OF BENEFITS TO ORGANIZATIONS AND INDIVIDUALS PROVIDING WELFARE BENEFITS TO PARTICIPANTS.ActivityOrMissionDescription
Nbr Voting Members Governing Body1NbrVotingMembersGoverningBody
Nbr Independent Voting Members0NbrIndependentVotingMembers
Total Nbr Employees0TotalNbrEmployees
Total Nbr Volunteers0TotalNbrVolunteers
Total Gross UBI17692TotalGrossUBI
Net Unrelated Business Txbl Income0NetUnrelatedBusinessTxblIncome
Contributions Grants Prior Year0ContributionsGrantsPriorYear
Contributions Grants Current Year0ContributionsGrantsCurrentYear
Program Service Revenue Prior Year33118256ProgramServiceRevenuePriorYear
Program Service Revenue CY32623745ProgramServiceRevenueCY
Investment Income Prior Year7482962InvestmentIncomePriorYear
Investment Income Current Year6281846InvestmentIncomeCurrentYear
Other Revenue Prior Year34500OtherRevenuePriorYear
Other Revenue Current Year66558OtherRevenueCurrentYear
Total Revenue Prior Year40635718TotalRevenuePriorYear
Total Revenue Current Year38972149TotalRevenueCurrentYear
Grants And Similar Amnts Prior Year0GrantsAndSimilarAmntsPriorYear
Grants And Similar Amnts CY0GrantsAndSimilarAmntsCY
Benefits Paid To Members Prior Year30909792BenefitsPaidToMembersPriorYear
Benefits Paid To Members CY30820915BenefitsPaidToMembersCY
Salaries Etc Prior Year0SalariesEtcPriorYear
Salaries Etc Current Year0SalariesEtcCurrentYear
Total Prof Fundrsng Exp Prior Year0TotalProfFundrsngExpPriorYear
Total Prof Fundrsng Exp CY0TotalProfFundrsngExpCY
Total Fundrsng Exp Current Year0TotalFundrsngExpCurrentYear
Other Expense Prior Year727057OtherExpensePriorYear
Other Expenses Current Year685597OtherExpensesCurrentYear
Total Expenses Prior Year31636849TotalExpensesPriorYear
Total Expenses Current Year31506512TotalExpensesCurrentYear
Revenues Less Expenses Prior Year8998869RevenuesLessExpensesPriorYear
Revenues Less Expenses CY7465637RevenuesLessExpensesCY
Total Assets BOY239631855TotalAssetsBOY
Total Assets EOY247244696TotalAssetsEOY
Total Liabilities BOY138502TotalLiabilitiesBOY
Total Liabilities EOY285706TotalLiabilitiesEOY
Net Assets Or Fund Balances BOY239493353NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY246958990NetAssetsOrFundBalancesEOY
Mission DescriptionDISTRIBUTION OF PAYMENTS TO CARRIERS AND SIMILAR ORGANIZATIONS FOR PROVISION OF BENEFITS TO ORGANIZATIONS AND INDIVIDUALS PROVIDING WELFARE BENEFITS TO PARTICIPANTS.MissionDescription
Significant New Program Services0SignificantNewProgramServices
Significant Change0SignificantChange
DescriptionPAYMENT OF POST RETIREMENT BENEFIT EXPENSES TO RETIREES, AS PERMITTED UNDER IRC SECTION 501(C)(9).Description
Described In501 C30DescribedIn501C3
Schedule B Required0ScheduleBRequired
Political Activities0PoliticalActivities
Subject To Proxy Tax0SubjectToProxyTax
Donor Advised Funds0DonorAdvisedFunds
Conservation Easements0ConservationEasements
Collections Of Art0CollectionsOfArt
Credit Counseling0CreditCounseling
Term Or Permanent Endowments0TermOrPermanentEndowments
Report Land Bldg Equip0ReportLandBldgEquip
Report Invest Oth Securities0ReportInvestOthSecurities
Report Prog Rel Invest0ReportProgRelInvest
Report Other Assets0ReportOtherAssets
Report Other Liabilities0ReportOtherLiabilities
Report Fin48 Footnote0ReportFin48Footnote
Independent Audit Financial Stmt0IndependentAuditFinancialStmt
Consolidated Audit Financial Stmt1ConsolidatedAuditFinancialStmt
School0School
Foreign Office0ForeignOffice
Foreign Activities0ForeignActivities
More Than5000 K To Organizations0MoreThan5000KToOrganizations
More Than5000 K To Individuals0MoreThan5000KToIndividuals
Professional Fundraising0ProfessionalFundraising
Fundraising Activities0FundraisingActivities
Gaming0Gaming
Hospital0Hospital
Grants To Organizations0GrantsToOrganizations
Grants To Individuals0GrantsToIndividuals
Schedule J Required0ScheduleJRequired
Tax Exempt Bonds0TaxExemptBonds
Loan To Officer Or DQP0LoanToOfficerOrDQP
Grant To Related Person0GrantToRelatedPerson
Bsnss Rltnshp With Organization0BsnssRltnshpWithOrganization
Bsnss Rltnshp Thru Family Member0BsnssRltnshpThruFamilyMember
Officer Entity With Bsnss Rltnshp0OfficerEntityWithBsnssRltnshp
Deductible Non Cash Contributions0DeductibleNonCashContributions
Deductible Contributions Of Art0DeductibleContributionsOfArt
Terminated0Terminated
Partial Liquidation0PartialLiquidation
Disregarded Entity0DisregardedEntity
Related Entity0RelatedEntity
Related Org Controlled Entity0RelatedOrgControlledEntity
Activities Conducted Partnership0ActivitiesConductedPartnership
Schedule O Required1ScheduleORequired
Number Forms Transmitted With10960NumberFormsTransmittedWith1096
Number W2 G Included0NumberW2GIncluded
Number Of Employees0NumberOfEmployees
Unrelated Business Income1UnrelatedBusinessIncome
Form990-T Filed1Form990-TFiled
Foreign Financial Account0ForeignFinancialAccount
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTrans
Taxable Party Notification0TaxablePartyNotification
Non Deductible Contributions0NonDeductibleContributions
Indoor Tanning Services0IndoorTanningServices
Info In Schedule O Part VIXInfoInScheduleOPartVI
Nbr Voting Governing Body Members1NbrVotingGoverningBodyMembers
Number Independent Voting Members0NumberIndependentVotingMembers
Family Or Business Relationship0FamilyOrBusinessRelationship
Delegation Of Management Duties0DelegationOfManagementDuties
Changes To Organizing Docs0ChangesToOrganizingDocs
Material Diversion Or Misuse0MaterialDiversionOrMisuse
Members Or Stockholders0MembersOrStockholders
Election Of Board Members0ElectionOfBoardMembers
Decisions Subject To Approval0DecisionsSubjectToApproval
Minutes Of Governing Body0MinutesOfGoverningBody
Minutes Of Committees0MinutesOfCommittees
Officer Mailing Address0OfficerMailingAddress
Local Chapters0LocalChapters
Form990 Provided To Governing Body0Form990ProvidedToGoverningBody
Conflict Of Interest Policy0ConflictOfInterestPolicy
Whistleblower Policy0WhistleblowerPolicy
Document Retention Policy0DocumentRetentionPolicy
Compensation Process CEO0CompensationProcessCEO
Compensation Process Other0CompensationProcessOther
Investment In Joint Venture0InvestmentInJointVenture
Upon RequestXUponRequest

The Books Are In Care Of TheBooksAreInCareOf

Name Business NameBusiness

FieldValueIRS element (for citing)
Business Name Line1LAFAYETTE CORPORATE CENTERBusinessNameLine1
FieldValueIRS element (for citing)
Telephone Number6176649565TelephoneNumber

Address US AddressUS

FieldValueIRS element (for citing)
Address Line12 AVENUE DE LAFAYETTE - LCC2AddressLine1
CityBOSTONCity
StateMAState
ZIP Code021112900ZIPCode

Form990 Part VII Section A Form990PartVIISectionA

FieldValueIRS element (for citing)
Name PersonSTATE STREET BANK AND TRUST OF NHNamePerson
TitleTRUSTEETitle
Average Hours Per Week1.00AverageHoursPerWeek
Institutional TrusteeXInstitutionalTrustee
Reportable Comp From Organization277570ReportableCompFromOrganization
Reportable Comp From Related Orgs0ReportableCompFromRelatedOrgs
Other Compensation0OtherCompensation
FieldValueIRS element (for citing)
Total Reportable Comp From Org277570TotalReportableCompFromOrg
Total Reportable Comp Frm Rltd Orgs0TotalReportableCompFrmRltdOrgs
Total Other Compensation0TotalOtherCompensation
Number Individuals GT100 K0NumberIndividualsGT100K
Formers Listed0FormersListed
Total Comp GT150 K0TotalCompGT150K
Compensation From Other Sources0CompensationFromOtherSources

Contractor Compensation ContractorCompensation (2 entries)

Address Line1AddressOfContractor/AddressUS/AddressLine1CityAddressOfContractor/AddressUS/CityStateAddressOfContractor/AddressUS/StateZIP CodeAddressOfContractor/AddressUS/ZIPCodeDescription Of ServicesDescriptionOfServicesCompensationCompensation
EARNEST PARTNERS
1180 PEACHTREE STREET SUITE 2300ATLANTAGA30309FUND ADVISORY FEES214984
LOOMIS SAYLES
ONE FINANCIAL CENTERBOSTONMA02111FUND ADVISORY FEES132697
FieldValueIRS element (for citing)
Number Of Contractors GT100 K2NumberOfContractorsGT100K

Program Service Revenue ProgramServiceRevenue

FieldValueIRS element (for citing)
DescriptionEMPLOYER/EMPLOYEE HEALTH BENEFITDescription
Business Code525100BusinessCode
Total Revenue Column32623745TotalRevenueColumn
Related Or Exempt Function Income32623745RelatedOrExemptFunctionIncome
FieldValueIRS element (for citing)
Total Program Service Revenue32623745TotalProgramServiceRevenue

Investment Income InvestmentIncome

FieldValueIRS element (for citing)
Total Revenue Column3381656TotalRevenueColumn
Unrelated Business Revenue16308UnrelatedBusinessRevenue
Exclusion$3,365,348ExclusionAmount

Gross Amount Sales Assets GrossAmountSalesAssets

FieldValueIRS element (for citing)
Securities12273726Securities

Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses

FieldValueIRS element (for citing)
Securities9373536Securities

Gain Or Loss GainOrLoss

FieldValueIRS element (for citing)
Securities2900190Securities

Net Gain Or Loss Investments NetGainOrLossInvestments

FieldValueIRS element (for citing)
Total Revenue Column2900190TotalRevenueColumn
Exclusion$2,900,190ExclusionAmount

Other Revenue Misc OtherRevenueMisc

FieldValueIRS element (for citing)
DescriptionOTHER INCOMEDescription
Business Code525100BusinessCode
Total Revenue Column66558TotalRevenueColumn
Unrelated Business Revenue1384UnrelatedBusinessRevenue
Exclusion$65,174ExclusionAmount
FieldValueIRS element (for citing)
Total Other Revenue66558TotalOtherRevenue

Total Revenue TotalRevenue

FieldValueIRS element (for citing)
Total Revenue Column38972149TotalRevenueColumn
Related Or Exempt Function Income32623745RelatedOrExemptFunctionIncome
Unrelated Business Revenue17692UnrelatedBusinessRevenue
Exclusion$6,330,712ExclusionAmount

Benefits To Members BenefitsToMembers

FieldValueIRS element (for citing)
Total30820915Total

Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees

FieldValueIRS element (for citing)
Total277570Total

Other Expenses OtherExpenses (2 entries)

DescriptionDescriptionTotalTotal
ADVISORY FEES357266
FUND TAX EXPENSES50761

Total Functional Expenses TotalFunctionalExpenses

FieldValueIRS element (for citing)
Total31506512Total

Cash Non Interest Bearing CashNonInterestBearing

FieldValueIRS element (for citing)
BOY45078BOY
EOY0EOY

Savings And Temp Cash Investments SavingsAndTempCashInvestments

FieldValueIRS element (for citing)
BOY6345121BOY
EOY7187316EOY

Investments Pub Traded Securities InvestmentsPubTradedSecurities

FieldValueIRS element (for citing)
BOY232682758BOY
EOY239430294EOY

Other Assets Total OtherAssetsTotal

FieldValueIRS element (for citing)
BOY558898BOY
EOY627086EOY

Total Assets TotalAssets

FieldValueIRS element (for citing)
BOY239631855BOY
EOY247244696EOY

Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses

FieldValueIRS element (for citing)
BOY138502BOY
EOY285706EOY

Total Liabilities TotalLiabilities

FieldValueIRS element (for citing)
BOY138502BOY
EOY285706EOY
FieldValueIRS element (for citing)
Do Not Follow SFAS117XDoNotFollowSFAS117

Cap Stck Trst Prin Current Funds CapStckTrstPrinCurrentFunds

FieldValueIRS element (for citing)
BOY239493353BOY
EOY246958990EOY

Paid In Cap Srpls Land Bldg Eqp Fund PaidInCapSrplsLandBldgEqpFund

FieldValueIRS element (for citing)
BOY0BOY
EOY0EOY

Retained Earnings Endowment Etc RetainedEarningsEndowmentEtc

FieldValueIRS element (for citing)
BOY0BOY
EOY0EOY

Total Net Assets Fund Balances TotalNetAssetsFundBalances

FieldValueIRS element (for citing)
BOY239493353BOY
EOY246958990EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

FieldValueIRS element (for citing)
BOY239631855BOY
EOY247244696EOY
FieldValueIRS element (for citing)
Reconcilation Revenue Expenses7465637ReconcilationRevenueExpenses
Reconcilation Other Changes0ReconcilationOtherChanges
Method Of Accounting CashXMethodOfAccountingCash
Accountant Compile Or Review0AccountantCompileOrReview
FS Audited1FSAudited

FS Audited Basis FSAuditedBasis

FieldValueIRS element (for citing)
Financial Statement ConsolidatedXFinancialStatementConsolidated
FieldValueIRS element (for citing)
Audit Committee1AuditCommittee
Federal Grant Audit Required0FederalGrantAuditRequired

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (5 entries)

Return ReferenceReturnReferenceExplanationExplanation
FORM 990, PART VI, SECTION A, LINE 8ATHE TRUST IS A VEBA TRUST AS DEFINED UNDER IRS SECTION 501(C)(9). IT IS GOVERNED BY THE TRUST DOCUMENT BY WHICH THE TRUST WAS CREATED. AS SUCH, IT DOES NOT HAVE A GOVERNING BODY AND WE HAVE RESPONDED ACCORDINGLY, STATING THAT THE TRUST DOES NOT HAVE CONTEMPORANEOUS DOCUMENTATION OF MEETINGS OR ACTIONS UNDERTAKEN DURING THE YEAR.
FORM 990, PART VI, SECTION A, LINE 8BTHE TRUST IS A VEBA TRUST AS DEFINED UNDER IRS SECTION 501(C)(9). IT IS GOVERNED BY THE TRUST DOCUMENT BY WHICH THE TRUST WAS CREATED. AS SUCH, IT DOES NOT HAVE A GOVERNING BODY AND WE HAVE RESPONDED ACCORDINGLY, STATING THAT THE TRUST DOES NOT HAVE CONTEMPORANEOUS DOCUMENTATION OF MEETINGS OR ACTIONS UNDERTAKEN DURING THE YEAR.
FORM 990, PART VI, SECTION B, LINE 11THE TRUST IS A VEBA TRUST AS DEFINED UNDER IRS SECTION 501(C)(9). IT IS GOVERNED BY THE TRUST DOCUMENT BY WHICH THE TRUST WAS CREATED. AS SUCH, IT DOES NOT HAVE A GOVERNING BODY AND WE HAVE RESPONDED ACCORDINGLY. TAX RETURN IS PREPARED BY AN INDEPENDENT FIRM. THE PREPARED RETURN IS THEN SUBMITTED TO THE PERSON DESIGNATED BY THE TRUST FOR REVIEW BEFORE THE RETURN IS SIGNED AND SUBMITTED FOR FILING.
FORM 990, PART VI, SECTION B, LINE 12VARIOUS AUDITS OF AREAS WHERE CONFLICT OF INTEREST MIGHT TAKE PLACE ALONG WITH A STRONG COMMUNICATION POLICY AND AN ACTIVE CORPORATE COMPLIANCE AND ETHICS COMMITTEE.
FORM 990, PART VI, SECTION C, LINE 19THIS IS AN IRC SECTION 501(C)(9) VOLUNTARY EMPLOYEES' BENEFICIARY ASSOCIATION (VEBA) WHICH COVERS ELIGIBLE RETIREES OF NSTAR. THERE IS NO SOLICITATION OR INVOLVEMENT OF THE GENERAL PUBLIC. THEREFORE, THESE DOCUMENTS ARE NOT MADE AVAILABLE TO THE GENERAL PUBLIC.

Comments

Anonymous: no account or email. Up to 2,000 characters, at most one link. Comments are checked automatically; some wait for review.