2024-08-15T10:43:09-07:00 2023-09-30 990 2022-10-01 161438194 NATIONAL FUEL GAS DIST CORP PAD VEBA FOR NON COLLECTIVELY BARGAINED EES NATI 7168577910 6363 MAIN STREET WILLIAMSVILLE NY 14221 Elena G Mendel Committee Member Trustee 2024-08-15 true 2022 2024-08-08 14:25:15Z Elena G Mendel 1487970 false X N/A X 1991 OH THE PROVISION OF HEALTH AND WELFARE BENEFITS TO PARTICIPANTS IN THE VOLUNTARY EMPLOYEES' BENEFICIARY ASSOCIATION 7 0 0 1208777 1658984 0 259385 279193 864289 1208777 0 1123674 1487970 0 2045299 1847923 0 0 0 -803540 356907 1241759 2204830 -118085 -716860 24081605 23358903 6122 13698 24075483 23345205 THE PROVISION OF HEALTH AND WELFARE BENEFITS TO PARTICIPANTS IN THE VOLUNTARY EMPLOYEES' BENEFICIARY ASSOCIATION false false 973027 PRESCRIPTION DRUG COSTS 803596 MEDICAL & HOSPITALIZATION COSTS 71300 GROUP LIFE INSURANCE 1847923 false false false false false false false false false false false false false false true true false 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 false 0 true true false false false false false false false X 7 0 true false false false false false false true true false false false false false false false false false X ELENA G MENDEL 7168577910 6363 MAIN STREET WILLIAMSVILLE NY 14221 X X DAVID P BAUER Committee Member Trustee 0.00 0.00 X 0 0 0 ELENA G MENDEL Committee Member Trustee 0.00 0.00 X 0 0 0 BRENDAN M HARRINGTON Committee Memb Trustee 0.00 0.00 X 0 0 0 JOSEPH N DELVECCHIO Committee Membe Trustee 0.00 0.00 X 0 0 0 DONNA L DECAROLIS Committee Member Trustee 0.00 0.00 X 0 0 0 MICHAEL W REVILLE Committee Member Trustee 0.00 0.00 X 0 0 0 TIMOTHY J SILVERSTEIN Committee Mem Trustee 0.00 0.00 X 0 0 0 0 false false false 0 0 MEMBER FUNDING OF VEBA 279193 279193 279193 715693 715693 0 0 0 493084 493084 493084 493084 0 0 0 0 1487970 279193 1208777 0 0 0 1847923 1847923 0 0 0 0 0 0 100974 100974 0 3885 3885 0 0 17870 17870 1900 1900 0 0 0 0 0 0 0 0 0 0 0 0 FEDERAL INCOME TAXES 232278 232278 0 2204830 2204830 0 0 1280188 1562113 0 0 2225 5211 0 0 0 0 92759 176935 0 21746760 20556425 0 0 0 959673 1058219 24081605 23358903 6122 13698 6122 13698 X 24075483 23345205 24075483 23345205 24081605 23358903 -716860 -13418 X false true X true false X 1537111 -13418 62559 49141 1487970 1487970 2204830 2204830 2204830 Part X : FIN48 Footnote Schedule D NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: Income Taxes: The Plan uses the asset and liability method to account for unrelated business income taxes (UBIT). This method requires the recognition of deferred tax assets and liabilities for the expected future tax consequences of temporary differences between the carrying amounts and tax basis of assets and liabilities. A valuation allowance is provided on deferred tax assets if it is determined that it is more likely than not that the asset will not be realized. The Plan reports a liability or reduction of deferred tax assets for unrecognized tax benefits resulting from uncertain tax positions taken or expected to be taken in a tax return. Recent regulations have been issued by the United States Treasury Department and the IRS (TD9886) clarifying that VEBAs cannot exclude income spent before the end of the year on benefit payments. This provision is effective for the tax year beginning October 1, 2020. The provision (benefit) for unrelated business income taxes for the years ended September 30, 2023 and 2022 consists of the following: Tax (benefit) expense totaling $232,278 in 2023 and ($931,518) in 2022. Deferred income taxes result principally from temporary differences between the accounting and tax basis of investments. A deferred tax asset is recognized for a capital loss carryforward up to the amount of unrealized gain on investments. Part XI, Line 2d: Other revenue amounts included in F/S but not included on form 990 401h $62559 Form 990, Part VI, Section A, Line 2 The VEBA committee members are each employed and compensated by the plan sponsor, National Fuel Gas Company & Subsidiaries, EIN 13-1086010. The VEBA committee members of the organization also oversee all the VEBA organizations of the plan sponsor as listed below: National Fuel Gas Distribution Corporation New York Division VEBA for Collectively Bargained Employees: EIN 16-1423019 National Fuel Gas Supply Corporation & Penn-York Energy Corporation VEBA for Non-Collectively Bargained Employees: EIN 16-1438191 National Fuel Gas Distribution Corporation New York Division VEBA for Non-Collectively Bargained Employees: EIN 16-1438193 National Fuel Gas Distribution Corporation Pennsylvania Division VEBA for Non-Collectively Bargained Employees: EIN 16-1438194 National Fuel Gas Supply Corporation & Penn-York Energy Corporation VEBA for Collectively Bargained Employees: EIN 16-1440168 National Fuel Gas Distribution Corporation Pennsylvania Division VEBA for Collectively Bargained Employees: EIN 16-1440169 Form 990, Part VI, Section B, Line 11b The VEBA committee members review the audited financial statements which are used as the basis for completing the Form 990. Form 990 is prepared and reviewed by the Tax Department of the sponsor. Form 990, Part VI, Section B, Line 12c The organization has not developed its own policies, but the organization is subject to the policies that the plan sponsor has developed for the overall corporate compliance of all its affiliated member organizations. Form 990, Part VI, Section C, Line 19 Any governing documents, policy statements, or financial statements that are legally required to be provided are made available upon receipt of written request. Form 990, Part VI - Section B - Line 15 The organization does not employ or compensate any individuals. Form 990, Part VII - Section A - Line 1 The VEBA Committee members listed as individual trustees are not employed or compensated by the organization but serve as volunteers. These committee members are employed and compensated by the plan sponsor. The plan sponsor is not owned or controlled by the organization, nor does the plan sponsor provide management services for a fee to the organization. Therefore, the organization is not required to report compensation paid by the plan sponsor in columns (E) or (F). National Fuel Gas Company & Subsidiaries 6363 Main Street Williamsville NY 14221 131086010 Parent/Holding Company NY NA C false false false false false false false false false false false false false false true true false false false false National Fuel Gas Company & Subsidiaries n 25000 Estimate National Fuel Gas Company & Subsidiaries o 25000 Estimate