SPECIAL METALS CORPORATION HOURLY RETIREE BENEFITS TR: Form 990, tax year 2010

View the entire original 990 at ProPublica ↗

Organization
SPECIAL METALS CORPORATION HOURLY RETIREE BENEFITS TR (EIN 20-0508764)
Tax period
2010-12-01 to 2011-11-30
Filed
2012-09-07
IRS object ID
201202519349300600
Schema version
2010v3.2
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)
Timestamp2012-09-07T06:28:23-07:00Timestamp
Tax Period End Date2011-11-30TaxPeriodEndDate

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

FieldValueIRS element (for citing)
Business Name Line1MCELHANEY & ASSOCIATES LLCBusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

FieldValueIRS element (for citing)
Address Line11725 WASHINGTON RD STE 602AddressLine1
CityPITTSBURGHCity
StatePAState
ZIP Code15241ZIPCode
FieldValueIRS element (for citing)
Return Type990ReturnType
Tax Period Begin Date2010-12-01TaxPeriodBeginDate

Filer Filer

FieldValueIRS element (for citing)
EIN200508764EIN

Name Name

FieldValueIRS element (for citing)
Business Name Line1SPECIAL METALS CORPORATION RETIREE BENEFITS TRUSTBusinessNameLine1
FieldValueIRS element (for citing)
Name ControlSPECNameControl
Phone4122012242Phone

US Address USAddress

FieldValueIRS element (for citing)
Address Line160 BLVD OF THE ALLIES 5TH FLAddressLine1
CityPITTSBURGHCity
StatePAState
ZIP Code15222ZIPCode

Officer Officer

FieldValueIRS element (for citing)
NameJEANETTE STUMPName
TitleTRUSTEETitle
Phone4122012242Phone
Date Signed2012-09-05DateSigned

Preparer Preparer

FieldValueIRS element (for citing)
NameFLOYD E MCELHANEY JRName
Phone4128313812Phone
Date Prepared2012-09-05DatePrepared
FieldValueIRS element (for citing)
Tax Year2010TaxYear
Build TS2016-02-24 21:20:13ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Name Of Principal Officer PersonJEANETTE STUMPNameOfPrincipalOfficerPerson

Address Principal Officer US AddressPrincipalOfficerUS

FieldValueIRS element (for citing)
Address Line160 BLVD OF THE ALLIES 5TH FLAddressLine1
CityPITTSBURGHCity
StatePAState
ZIP Code15222ZIPCode
FieldValueIRS element (for citing)
Gross Receipts3494511GrossReceipts
Group Return For AffiliatesfalseGroupReturnForAffiliates
Organization501cXOrganization501c
Web SiteN/AWebSite
Type Of Organization TrustXTypeOfOrganizationTrust
Year Formation2003YearFormation
State Legal DomicilePAStateLegalDomicile
Activity Or Mission DescriptionTO PROVIDE HEALTHCARE COVERAGE AND OTHER WELFARE BENEFITS TO CERTAIN RETIRED EMPLOYEES OF SPECIAL METALS CORPORATION, ITS PREDECESSORS AND ANY OTHER CORPORATION WITH RESPECT TO WHICH IT ASSUMED RETIREE BENEFIT OBLIGATIONS.ActivityOrMissionDescription
Nbr Voting Members Governing Body5NbrVotingMembersGoverningBody
Nbr Independent Voting Members5NbrIndependentVotingMembers
Total Nbr Employees0TotalNbrEmployees
Total Nbr Volunteers0TotalNbrVolunteers
Total Gross UBI0TotalGrossUBI
Contributions Grants Current Year0ContributionsGrantsCurrentYear
Program Service Revenue Prior Year40569478ProgramServiceRevenuePriorYear
Program Service Revenue CY943714ProgramServiceRevenueCY
Investment Income Prior Year829040InvestmentIncomePriorYear
Investment Income Current Year2221306InvestmentIncomeCurrentYear
Other Revenue Current Year0OtherRevenueCurrentYear
Total Revenue Prior Year41398518TotalRevenuePriorYear
Total Revenue Current Year3165020TotalRevenueCurrentYear
Grants And Similar Amnts CY0GrantsAndSimilarAmntsCY
Benefits Paid To Members Prior Year3202072BenefitsPaidToMembersPriorYear
Benefits Paid To Members CY3110615BenefitsPaidToMembersCY
Salaries Etc Prior Year5000SalariesEtcPriorYear
Salaries Etc Current Year17500SalariesEtcCurrentYear
Total Prof Fundrsng Exp CY0TotalProfFundrsngExpCY
Total Fundrsng Exp Current Year0TotalFundrsngExpCurrentYear
Other Expense Prior Year284033OtherExpensePriorYear
Other Expenses Current Year310889OtherExpensesCurrentYear
Total Expenses Prior Year3491105TotalExpensesPriorYear
Total Expenses Current Year3439004TotalExpensesCurrentYear
Revenues Less Expenses Prior Year37907413RevenuesLessExpensesPriorYear
Revenues Less Expenses CY-273984RevenuesLessExpensesCY
Total Assets BOY72120897TotalAssetsBOY
Total Assets EOY72107673TotalAssetsEOY
Total Liabilities BOY67367TotalLiabilitiesBOY
Total Liabilities EOY70932TotalLiabilitiesEOY
Net Assets Or Fund Balances BOY72053530NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY72036741NetAssetsOrFundBalancesEOY
Mission DescriptionTO PROVIDE HEALTHCARE COVERAGE AND OTHER WELFARE BENEFITS TO CERTAIN RETIREDMissionDescription
Significant New Program ServicesfalseSignificantNewProgramServices
Significant ChangefalseSignificantChange
DescriptionTO PROVIDE HEALTHCARE COVERAGE AND OTHER WELFARE BENEFITS TO CERTAIN RETIRED EMPLOYEES OF SPECIAL METALS CORPORATION, ITS PREDECESSORS AND ANY OTHER CORPORATION WITH RESPECT TO WHICH IT ASSUMED RETIREE BENEFIT OBLIGATIONS.Description
Described In501 C3falseDescribedIn501C3
Schedule B RequiredfalseScheduleBRequired
Political ActivitiesfalsePoliticalActivities
Lobbying ActivitiesfalseLobbyingActivities
Donor Advised FundsfalseDonorAdvisedFunds
Conservation EasementsfalseConservationEasements
Collections Of ArtfalseCollectionsOfArt
Credit CounselingfalseCreditCounseling
Term Or Permanent EndowmentsfalseTermOrPermanentEndowments
Report Land Bldg EquipfalseReportLandBldgEquip
Report Invest Oth SecuritiestrueReportInvestOthSecurities
Report Prog Rel InvestfalseReportProgRelInvest
Report Other AssetsfalseReportOtherAssets
Report Other LiabilitiesfalseReportOtherLiabilities
Report Fin48 FootnotefalseReportFin48Footnote
Independent Audit Financial StmttrueIndependentAuditFinancialStmt
Consolidated Audit Financial StmtfalseConsolidatedAuditFinancialStmt
SchoolfalseSchool
Foreign OfficefalseForeignOffice
Foreign ActivitiesfalseForeignActivities
More Than5000 K To OrganizationsfalseMoreThan5000KToOrganizations
More Than5000 K To IndividualsfalseMoreThan5000KToIndividuals
Professional FundraisingfalseProfessionalFundraising
Fundraising ActivitiesfalseFundraisingActivities
GamingfalseGaming
HospitalfalseHospital
Grants To OrganizationsfalseGrantsToOrganizations
Grants To IndividualsfalseGrantsToIndividuals
Schedule J RequiredfalseScheduleJRequired
Tax Exempt BondsfalseTaxExemptBonds
Excess Benefit TransactionfalseExcessBenefitTransaction
Prior Excess Benefit TransactionfalsePriorExcessBenefitTransaction
Loan To Officer Or DQPfalseLoanToOfficerOrDQP
Grant To Related PersonfalseGrantToRelatedPerson
Bsnss Rltnshp With OrganizationfalseBsnssRltnshpWithOrganization
Bsnss Rltnshp Thru Family MemberfalseBsnssRltnshpThruFamilyMember
Officer Entity With Bsnss RltnshpfalseOfficerEntityWithBsnssRltnshp
Deductible Non Cash ContributionsfalseDeductibleNonCashContributions
Deductible Contributions Of ArtfalseDeductibleContributionsOfArt
TerminatedfalseTerminated
Partial LiquidationfalsePartialLiquidation
Disregarded EntityfalseDisregardedEntity
Related EntityfalseRelatedEntity
Related Org Controlled EntityfalseRelatedOrgControlledEntity
Transaction Related EntityfalseTransactionRelatedEntity
Activities Conducted PartnershipfalseActivitiesConductedPartnership
Schedule O RequiredtrueScheduleORequired
Number Forms Transmitted With109678NumberFormsTransmittedWith1096
Number W2 G Included0NumberW2GIncluded
Compliance With Backup WitholdingtrueComplianceWithBackupWitholding
Number Of Employees0NumberOfEmployees
Unrelated Business IncomefalseUnrelatedBusinessIncome
Foreign Financial AccountfalseForeignFinancialAccount
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTrans
Taxable Party NotificationfalseTaxablePartyNotification
Non Deductible ContributionsfalseNonDeductibleContributions
Quid Pro Quo ContributionsfalseQuidProQuoContributions
Form8282 Property Disposed OffalseForm8282PropertyDisposedOf
Funds To Pay PremiumsfalseFundsToPayPremiums
Premiums PaidfalsePremiumsPaid
Indoor Tanning ServicesfalseIndoorTanningServices
Info In Schedule O Part VIXInfoInScheduleOPartVI
Nbr Voting Governing Body Members5NbrVotingGoverningBodyMembers
Number Independent Voting Members5NumberIndependentVotingMembers
Family Or Business RelationshipfalseFamilyOrBusinessRelationship
Delegation Of Management DutiesfalseDelegationOfManagementDuties
Changes To Organizing DocsfalseChangesToOrganizingDocs
Material Diversion Or MisusefalseMaterialDiversionOrMisuse
Members Or StockholdersfalseMembersOrStockholders
Election Of Board MembersfalseElectionOfBoardMembers
Decisions Subject To ApprovalfalseDecisionsSubjectToApproval
Minutes Of Governing BodytrueMinutesOfGoverningBody
Minutes Of CommitteestrueMinutesOfCommittees
Officer Mailing AddressfalseOfficerMailingAddress
Local ChaptersfalseLocalChapters
Form990 Provided To Governing BodytrueForm990ProvidedToGoverningBody
Conflict Of Interest PolicytrueConflictOfInterestPolicy
Annual Disclosure Covered PersonstrueAnnualDisclosureCoveredPersons
Regular Monitoring EnforcementtrueRegularMonitoringEnforcement
Whistleblower PolicyfalseWhistleblowerPolicy
Document Retention PolicyfalseDocumentRetentionPolicy
Compensation Process CEOfalseCompensationProcessCEO
Compensation Process OtherfalseCompensationProcessOther
Investment In Joint VenturefalseInvestmentInJointVenture
Upon RequestXUponRequest

The Books Are In Care Of TheBooksAreInCareOf

Name Business NameBusiness

FieldValueIRS element (for citing)
Business Name Line1CENTRAL DATA SERVICESBusinessNameLine1
FieldValueIRS element (for citing)
Telephone Number4122010152TelephoneNumber

Address US AddressUS

FieldValueIRS element (for citing)
Address Line160 BLVD OF THE ALLIES 5TH FLAddressLine1
CityPITTSBURGHCity
StatePAState
ZIP Code15222ZIPCode

Form990 Part VII Section A Form990PartVIISectionA (5 entries)

TitleTitleAverage Hours Per WeekAverageHoursPerWeekIndividual Trustee Or DirectorIndividualTrusteeOrDirectorReportable Comp From OrganizationReportableCompFromOrganizationReportable Comp From Related OrgsReportableCompFromRelatedOrgsOther CompensationOtherCompensation
JEANETTE STUMP
TRUSTEE0.25X000
RANDALL MOORE
TRUSTEE0.25X000
HOWARD KLINE
TRUSTEE0.25X600000
JAMES CARNEY
TRUSTEE0.25X600000
ROBERT ADKINS
TRUSTEE0.25X550000
FieldValueIRS element (for citing)
Total Reportable Comp From Org17500TotalReportableCompFromOrg
Formers ListedfalseFormersListed
Total Comp GT150 KfalseTotalCompGT150K
Compensation From Other SourcesfalseCompensationFromOtherSources

Contractor Compensation ContractorCompensation

Name Of Contractor NameOfContractor

Name Business NameBusiness

FieldValueIRS element (for citing)
Business Name Line1CENTRAL DATA SERVICESBusinessNameLine1

Address Of Contractor AddressOfContractor

Address US AddressUS

FieldValueIRS element (for citing)
Address Line160 BLVD OF THE ALLIES 5TH FLAddressLine1
CityPITTSBURGHCity
StatePAState
ZIP Code15222ZIPCode
FieldValueIRS element (for citing)
Description Of ServicesADMINISTRATORDescriptionOfServices
Compensation107509Compensation
FieldValueIRS element (for citing)
Number Of Contractors GT100 K1NumberOfContractorsGT100K

Program Service Revenue ProgramServiceRevenue (2 entries)

DescriptionDescriptionBusiness CodeBusinessCodeTotal Revenue ColumnTotalRevenueColumn
PARTICIPANTS CONTRIBUTIONS900099935828
RETIREE SUBSIDY9000997886
FieldValueIRS element (for citing)
Total Program Service Revenue943714TotalProgramServiceRevenue

Investment Income InvestmentIncome

FieldValueIRS element (for citing)
Total Revenue Column2253942TotalRevenueColumn
Exclusion$2,253,942ExclusionAmount

Gross Amount Sales Assets GrossAmountSalesAssets

FieldValueIRS element (for citing)
Securities296855Securities

Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses

FieldValueIRS element (for citing)
Securities329491Securities

Gain Or Loss GainOrLoss

FieldValueIRS element (for citing)
Securities-32636Securities

Net Gain Or Loss Investments NetGainOrLossInvestments

FieldValueIRS element (for citing)
Total Revenue Column-32636TotalRevenueColumn
Exclusion-$32,636ExclusionAmount

Total Revenue TotalRevenue

FieldValueIRS element (for citing)
Total Revenue Column3165020TotalRevenueColumn
Related Or Exempt Function Income943714RelatedOrExemptFunctionIncome
Exclusion$2,221,306ExclusionAmount

Benefits To Members BenefitsToMembers

FieldValueIRS element (for citing)
Total3110615Total

Comp Current Officers Directors CompCurrentOfficersDirectors

FieldValueIRS element (for citing)
Total17500Total

Fees For Services Legal FeesForServicesLegal

FieldValueIRS element (for citing)
Total15560Total

Fees For Services Accounting FeesForServicesAccounting

FieldValueIRS element (for citing)
Total14000Total

Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees

FieldValueIRS element (for citing)
Total102725Total

Fees For Services Other FeesForServicesOther

FieldValueIRS element (for citing)
Total144709Total

Office Expenses OfficeExpenses

FieldValueIRS element (for citing)
Total4221Total

Conferences Meetings ConferencesMeetings

FieldValueIRS element (for citing)
Total848Total

Insurance Insurance

FieldValueIRS element (for citing)
Total28086Total

Other Expenses OtherExpenses

FieldValueIRS element (for citing)
DescriptionIFEBP MEMBERSHIPDescription
Total740Total

Total Functional Expenses TotalFunctionalExpenses

FieldValueIRS element (for citing)
Total3439004Total

Cash Non Interest Bearing CashNonInterestBearing

FieldValueIRS element (for citing)
BOY562249BOY
EOY150110EOY

Savings And Temp Cash Investments SavingsAndTempCashInvestments

FieldValueIRS element (for citing)
BOY343570BOY
EOY226130EOY

Accounts Receivable AccountsReceivable

FieldValueIRS element (for citing)
BOY20108BOY

Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges

FieldValueIRS element (for citing)
BOY57011BOY
EOY7789EOY

Investments Pub Traded Securities InvestmentsPubTradedSecurities

FieldValueIRS element (for citing)
BOY22988310BOY
EOY29900873EOY

Investments Other Securities InvestmentsOtherSecurities

FieldValueIRS element (for citing)
BOY48120418BOY
EOY41782677EOY

Other Assets Total OtherAssetsTotal

FieldValueIRS element (for citing)
BOY29231BOY
EOY40094EOY

Total Assets TotalAssets

FieldValueIRS element (for citing)
BOY72120897BOY
EOY72107673EOY

Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses

FieldValueIRS element (for citing)
BOY67367BOY
EOY70932EOY

Total Liabilities TotalLiabilities

FieldValueIRS element (for citing)
BOY67367BOY
EOY70932EOY
FieldValueIRS element (for citing)
Do Not Follow SFAS117XDoNotFollowSFAS117

Cap Stck Trst Prin Current Funds CapStckTrstPrinCurrentFunds

FieldValueIRS element (for citing)
BOY72053530BOY
EOY72036741EOY

Total Net Assets Fund Balances TotalNetAssetsFundBalances

FieldValueIRS element (for citing)
BOY72053530BOY
EOY72036741EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

FieldValueIRS element (for citing)
BOY72120897BOY
EOY72107673EOY
FieldValueIRS element (for citing)
Info In Schedule O Part XIXInfoInScheduleOPartXI
Reconcilation Revenue Expenses-273984ReconcilationRevenueExpenses
Reconcilation Other Changes257195ReconcilationOtherChanges
Info In Schedule O Part XIIXInfoInScheduleOPartXII
Method Of Accounting AccrualXMethodOfAccountingAccrual
Accountant Compile Or ReviewfalseAccountantCompileOrReview
FS AuditedtrueFSAudited
Audit CommitteetrueAuditCommittee
Financial Statement SeparateXFinancialStatementSeparate
Federal Grant Audit RequiredfalseFederalGrantAuditRequired

Schedule D IRS990ScheduleD

Other Securities OtherSecurities (3 entries)

DescriptionDescriptionBook ValueBookValueMethod Of ValuationMethodOfValuation
T.RowePrice-Summit Cash Reserves3995948F
T.RowePrice-Institutional Core34832243F
SPECTRUM INT'L2954486F
FieldValueIRS element (for citing)
Total Of Book Value Securities41782677TotalOfBookValueSecurities
Total Revenue3165020TotalRevenue
Total Expenses3439004TotalExpenses
Excess Or Deficit For Year-273984ExcessOrDeficitForYear
Net Unrealized GL On Investments257195NetUnrealizedGLOnInvestments
Total Adjustments257195TotalAdjustments
Excess Or Deficit Per FS-16789ExcessOrDeficitPerFS
Tot Revenue Etc Audited Fincl Stmt3319490TotRevenueEtcAuditedFinclStmt
Net Unrealized Gains Investments257195NetUnrealizedGainsInvestments
Revenue Not Rptd F990257195RevenueNotRptdF990
Revenue Subtotal3062295RevenueSubtotal
Investment Expenses Not Included102725InvestmentExpensesNotIncluded
Revenue Not Rptd On Fin Stmt102725RevenueNotRptdOnFinStmt
Total Revenue Per Form9903165020TotalRevenuePerForm990
Tot Expenses Etc Audited Fincl Stmt3336279TotExpensesEtcAuditedFinclStmt
Expenses Subtotal3336279ExpensesSubtotal
Investment Expenses Not Included2102725InvestmentExpensesNotIncluded2
Expenses Not Rptd On Fin Stmt102725ExpensesNotRptdOnFinStmt
Total Expenses Per Form9903439004TotalExpensesPerForm990

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (6 entries)

IdentifierIdentifierExplanationExplanation
Pt VI-B, Line 11aA DRAFT OF THE FORM 990 WAS CIRCULATED BY E-MAIL FOR REVIEW
BY ALL MEMBERS OF THE BOARD OF TRUSTEES BEFORE FILING
Pt VI-B, Line 12cAREAS OF POSSIBLE CONFLICT REVIEWED BY TRUSTEES AS NEEDED
Pt VI-C, Line 19FORM 990 AVAILABLE UPON REQUEST
Pt XII, Line 2cBOARD OF TRUSTEES SELECTS AUDITOR
Pt XIUNREALIZED INVESTMENT GAIN

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