Kinder Morgan Employees Benefit Trust
- Assets
- $323.1m
- Revenue
- $20.2m
- Investments
- $317.9m
- Employees
- 0
- Location
- Houston, TX
- Founding
- 04/1994
- Data as of
- 12/2021
- EIN
- 95-4422978
Organization Overview
Kinder Morgan Employees Benefit Trust is located in Houston, TX. The organization was established in 1994. 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. Kinder Morgan Employees Benefit Trust 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, Kinder Morgan Employees Benefit Trust generated $20.2m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.1%) each year. All expenses for the organization totaled $27.7m 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
PROVIDE HEALTH AND OTHER BENEFITS FOR CERTAIN EMPLOYEES AND RETIREES OF KINDER MORGAN, INC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BENEFITS PAID 11,198,428
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Financial Statements
| 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 | $10,691,684 |
| Investment income | $5,997,148 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $3,464,429 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $20,170,456 |
| 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 | $11,198,428 |
| Compensation of current officers, directors, key employees. | $741 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $9,379,925 |
| Payroll taxes | $0 |
| Fees for services: Management | $871,064 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $163,464 |
| Fees for services: Other | $0 |
| 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 | $0 |
| All other expenses | $6,128,586 |
| Total functional expenses | $27,742,208 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,418,668 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,820,787 |
| 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 | $4 |
| Investments—other securities | $317,886,758 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $323,126,217 |
| Accounts payable and accrued expenses | $227,120 |
| 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 | $13,415,536 |
| Total liabilities | $13,642,656 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $309,483,561 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $323,126,217 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bank Of America Short-Term Disability Plan Trust Dallas, TX | $7,949,000 | $112,905,601 |
Louisiana Sheriffs Association Group Benefits Tr Baton Rouge, LA | $29,172,289 | $79,789,053 |
Medical And Life Benefits Plan Tr For Hourly Retirees Plano, TX | $192,864,033 | $61,135,347 |
Citgo Employees Benefit Trust Tulsa, OK | $49,627,698 | $95,340,803 |
Ibew-Neca Southwestern Health Benefit Fund Dallas, TX | $75,158,723 | $85,480,690 |
Bellsouth Corporation Rfa Life Veba Trust Dallas, TX | $1,547,867,623 | $70,772,306 |
Fluor Employee Benefit Trust-Veba Irving, TX | $13,657,574 | $75,182,004 |
Pipeline Industry Benefit Fund Tulsa, OK | $71,031,490 | $70,049,110 |
Hensel Phelps Construction Co Employee Benefit Tr Dallas, TX | $6,547,213 | $47,093,090 |
At&t Corp Management & Nonrepresent Employees Postretirement Welfare Dallas, TX | $212,906,982 | $28,513,900 |
M1 Support Services Lp Health And Welfare Trust Fund Denton, TX | $5,543 | $24,736,621 |
Allied Pilots Association Welfare Benefits Master Trust Fort Worth, TX | $221,269,807 | $54,088,207 |