Lucent Technologies Inc Postretirment Welfare Benefits Tru is located in Murray Hill, NJ. The organization was established in 1998. According to its NTEE Classification (Y43) the organization is classified as: Voluntary Employees Beneficiary Associations (Non-Government), under the broad grouping of Mutual & Membership Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lucent Technologies Inc Postretirment Welfare Benefits Tru is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.
For the year ending 12/2021, Lucent Technologies Inc Postretirment Welfare Benefits Tru generated $187.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.9% each year. All expenses for the organization totaled $123.5m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE FUNDING FOR THE PAYMENT OF POST-RETIREMENT LIFE INSURANCE BENEFITS AND HEALTH BENEFITS TO ELIGIBLE RETIREES OF NOKIA OF AMERICA CORPORATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EXPENSES RELATED TO PROVIDE FUNDING FOR THE PAYMENT OF POST-RETIREMENT LIFE INSURANCE BENEFITS AND HEALTH BENEFITS TO ELIGIBLE RETIREES OF NOKIA OF AMERICA CORPORATION.
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $0 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
Total Program Service Revenue | $100,400,334 |
Investment income | $390,490 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $86,941,423 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $187,732,247 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $0 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $120,811,086 |
Compensation of current officers, directors, key employees. | $11,500 |
Compensation of current officers, directors, key employees. | $11,500 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $0 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $0 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $72,725 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $74,640 |
Fees for services: Other | $1,270,687 |
Advertising and promotion | $0 |
Office expenses | $0 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $0 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $0 |
Insurance | $272,562 |
All other expenses | $1,023,986 |
Total functional expenses | $123,537,186 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $0 |
Savings and temporary cash investments | $2,078,264 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $0 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $0 |
Net Land, buildings, and equipment | $0 |
Investments—publicly traded securities | $231,404,242 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $72 |
Total assets | $233,482,578 |
Accounts payable and accrued expenses | $107,113 |
Grants payable | $0 |
Deferred revenue | $0 |
Tax-exempt bond liabilities | $0 |
Escrow or custodial account liability | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $0 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $0 |
Total liabilities | $107,113 |
Net assets without donor restrictions | $0 |
Net assets with donor restrictions | $0 |
Capital stock or trust principal, or current funds | $0 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Retained earnings, endowment, accumulated income, or other funds | $233,375,465 |
Total liabilities and net assets/fund balances | $233,482,578 |
Organization Name | Assets | Revenue |
---|---|---|
National Elevator Industry Health Benefit Plan Newtown Square, PA | $3,162,621,306 | $1,053,293,357 |
Steelworkers Health & Welfare Fund Pittsburgh, PA | $75,759,538 | $820,594,262 |
Management-Ila Managed Healthcare Employee Benefits Tr New York, NY | $1,464,545,299 | $773,864,686 |
Pension Comm Joint Industry Board Of The Electrical Industry Flushing, NY | $511,091,919 | $485,693,132 |
Geico Corporation Welfare Plans Trust Pittsburgh, PA | $29,323,735 | $483,700,249 |
N Y C District Council Carpenters Welfare Fund New York, NY | $844,702,905 | $405,915,233 |
Roche Employee Welfare Benefits Tr Little Falls, NJ | $76,374,424 | $438,766,875 |
Trust Agreement For Duke Energy Corp Welfare Benefits Trust Veba I Pittsburgh, PA | $57,640,159 | $421,418,406 |
Episcopal Church Clergy And Employees Benefit Trust New York, NY | $91,291,203 | $286,589,390 |
Iatse National Health & Welfare Fund New York, NY | $881,903,494 | $400,744,906 |
Kpmg Llp Health Plans Tr Pittsburgh, PA | $23,132,857 | $263,991,043 |
Prudential Welfare Benefits Tr Newark, NJ | $23,018,916 | $232,992,033 |