2024-11-08T17:56:19-06:00 2023-12-31 KPMG LLP 345 Park Avenue New York NY 101540102 990 2023-01-01 300289184 TRUST FOR VERIZON LONG TERM DISABILITY VEBA % BNY MELLON ASSET SVC VERI 4122360537 500 Grant Street Room 151-4040 Pittsburgh PA 152580001 Kevin Suchta BNY Mellon Trustee 4122360537 2024-04-02 true JONATHAN KELLER PRINCIPAL P01215164 2127589700 2023 2024-10-15 13:58:12Z Kevin Suchta 500 Grant St Rm 151-4040 Pittsburgh PA 152580001 32403492 false X N/A X 2003 PA Provide benefits to eligible members 1 0 0 0 0 0 18292130 18021413 -1996021 15170910 -2464984 -788831 13831125 32403492 0 0 23432171 25505626 38764 21306 0 0 0 625536 664562 24096471 26191494 -10265346 6211998 195556643 217526938 0 0 195556643 217526938 PROVIDE BENEFITS TO ELIGIBLE MEMBERS false false Benefits paid to or for members false false false false false false false false false true false true false false false true false false false false false false false false false false false false false false false false false false false false false false false true false false true 0 0 0 false false false false false false false false X 1 0 false false false false false false false true false false true true false false true true false false false X BNY MELLON ASSET SVC 4122360537 500 GRANT STREET ROOM 151-4040 Pittsburgh PA 152580001 X BNY MelloN Trustee 0.0 0.0 X 21306 0 0 21306 0 0 0 false false false 0 0 EMPLOYEE CONTRIBUTION 525100 18021413 18021413 18021413 13716278 13716278 0 0 0 0 0 1454632 1454632 0 0 0 0 0 0 0 0 0 NET SECTION 1256 GAIN/(LOSS) 900099 -819111 -819111 ORDINARY INCOME - SECTION 988 900099 18992 18992 OTHER INCOME 900099 11288 11288 -788831 32403492 32403492 0 0 0 25505626 21306 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 TAX PREPARATION FEES 0 PARTNERSHIP DEDUCTIONS 664198 OTHER DEDUCTIONS 364 26191494 61744 59807 7608173 8231748 0 0 33255 46140 0 0 0 0 0 0 0 0 0 0 0 0 0 0 149287313 162882188 0 0 0 0 38566158 46307055 195556643 217526938 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 195556643 217526938 0 0 0 0 195556643 217526938 195556643 217526938 6211998 15758297 X false false false INTEREST IN VEBA N PARTNERSHIP 162882188 F 162882188 INVESTMENT EQUITY 46307055 46307055 46142244 13738751 13738751 32403493 32403493 26191494 26191494 SCHEDULE D, PART XI, LINE 1, 2d. AND 5 1 Total Revenue, gains and other support per audited financial statement: 46,142,244 2d Amounts included on line 1 but not on Form 990, Part VIII line 12: 13,738,751 5 Total revenue: 32,403,493 SCHEDULE D, PART XII, LINE 1, 2d and 5 1 Total expenses and losses per audited financial statement: 16,583,788 2d Amounts included on line 1 but not on Form 990, Part IX line 25: -9,607,706 5 Total expenses: 26,191,495 SUPPLEMENTAL INFORMATION TO FORM 990 PART IV - CHECKLIST OF REQUIRED SCHEDULES LINE 12: THE SEPARATE, INDEPENDENT AUDITED FINANCIAL STATEMENTS WERE OBTAINED AT THE PLAN LEVEL WHICH INCLUDES THE ORGANIZATION. PART VI - GOVERNANCE, MANAGEMENT, AND DISCLOSURE SECTION B LINE 12: VERIZON COMMUNICATIONS INC AND VERIZON INVESTMENT MANAGEMENT CORP ("VIMCO") ALSO HAVE A CODE OF CONDUCT WHICH APPLIES TO ALL ENTITIES WHICH INCLUDE THE VEBA. SECTION B LINES 13, 15: THESE QUESTIONS ARE NOT APPLICABLE TO THIS ORGANIZATION AS IT IS A SECTION 501(C)(9) TRUST (VOLUNTARY EMPLOYEE BENEFITS ASSOCIATION). ADDITIONALLY, IT DOES NOT HAVE ANY EMPLOYEES. THEREFORE, THERE ARE NO PROCESSES RELATED TO EMPLOYEE COMPENSATION. SECTION C LINE 19: AS A 501 (C) (9) ORGANIZATION, THE TRUST IS NOT REQUIRED TO MAKE THE DOCUMENTS REFERENCED IN QUESTION 19 AVAILABLE TO THE GENERAL PUBLIC. THE INFORMATION IS AVAILABLE PUBLICLY TO THE EXTENT REQUIRED BY ERISA. PART VII - COMPENSATION OF OFFICERS, DIRECTORS, TRUSTEES, KEY EMPLOYEES, HIGHEST COMPENSATED EMPLOYEES, AND INDEPENDENT CONTRACTORS LINE 1A AND 1B: AVERAGE HOURS PER WEEK DEVOTED TO POSITION - AS TRUSTEE BNY MELLON PROVIDES ADMINISTRATIVE SERVICES SUCH AS ACTING INVESTMENT MANAGER FOR THE NAMED ORGANIZATION. THESE SERVICES REQUIRE NUMEROUS INDIVIDUAL BANK EMPLOYEES' INVOLVEMENT IN THE ACTIVITIES OF THE ORGANIZATION AND THUS CANNOT BE QUANTIFIED ON AN HOURLY BASIS. THEREFORE, THE TRUSTEE FEES ARE NOT BASED UPON AN HOURLY BASIS BUT CALCULATED BASED UPON FACTORS SUCH AS MARKET VALUE OF THE ACCOUNT AND IN ACCORDANCE WITH BNY MELLON'S AGREEMENT WITH THE TRUST FOR VERIZON LONG TERM DISABILITY VEBA. BNY MELLON SERVES AS DIRECTED TRUSTEE OF THIS TRUST. THE PLAN SPONSOR IS VERIZON COMMUNICATIONS. THE TRUST IS ADMINISTERED BY VERIZON COMMUNICATION EMPLOYEE BENEFIT COMMITTEE AND VERIZON INVESTMENT MANAGEMENT CORP. IN ACCORDANCE WITH THE TERMS OF THE TRUST AGREEMENT. AS SUCH THE TRUST DOES NOT HAVE A GOVERNING BODY THAT EXERCISES DISCRETION. FORM 990 SCH R PART II Taxpayers filing Form 990 must use Sch. R Part II to identify any related tax-exempt organizations. Attachment 1 to this return contains a list of this taxpayer's related tax-exempt organizations. ATTACHMENT 1 NA VEBA PARTNERSHIP N ONE VERIZON WAY BASKING RIDGE NJ 07920 201396028 Investment NJ NA false VERIZON COMMUNICATIONS INC 1 VERIZON WAY BLDG 7 BASKING RIDGE NJ 07920 232259884 communication DE NA c corp false false false false false false false false false false false false false false false false false false