Lucent Technologies Inc Postretirment Welfare Benefits Tru
501(c)(9)
98% goes to programs Strong reserves Declining revenue
Lucent Technologies Inc Postretirment Welfare Benefits Tru is a 501(c)(9) organization based in Murray Hill, New Jersey, registered in 1998, with $91,890,972 in FY2024 revenue. CharityIndex grades it C, and it directs about 98% of spending to programs.
600 Mountain Ave, Murray Hill, NJ, 07974 EIN 22-3463671 Since 1998
Revenue (FY2024)
$91.9M
▼ 5.4% vs prior year
Expenses (FY2024)
$86.1M
Net assets
$261.2M
Employees
0
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C
★★★★
Rated on 4 of 4 criteria.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →A+Program efficiency40% of the rating98% to programs
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Lucent Technologies Inc Postretirment Welfare Benefits Tru: 98% to programs earns a A+ on this criterion. See the exact thresholds →
AFinancial health25% of the rating36 mo reserves · +6% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Lucent Technologies Inc Postretirment Welfare Benefits Tru: 36 mo reserves · +6% margin earns a A on this criterion. See the exact thresholds →
FGovernance25% of the rating0 of 5 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Lucent Technologies Inc Postretirment Welfare Benefits Tru: 0 of 5 checks met earns a F on this criterion. See the exact thresholds →
ATransparency10% of the rating4 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Lucent Technologies Inc Postretirment Welfare Benefits Tru: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
To provide funding for the payment of post-retirement life insurance benefits and health benefits to eligible retirees of nokia of america corporation.
Contact & location
- Address
- 600 Mountain Ave, Murray Hill, NJ, 07974
- City
- Murray Hill
- State
- New Jersey
- Category
- —
- Subcategory
- —
- Phone
- …
- Website
- …
Financial trends
Revenue declined from $152.3M (FY2013) to $91.9M (FY2024) across 10 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $217KNet assets $261.2M
Operating margin
6.3%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$261.4M
Total liabilities
$217K
Net assets
$261.2M
Salaries & benefits
$12K
0% of expenses
Board members
0
0 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $91,890,972▼5.4% | $86,137,831▼9.9% | $261,210,479▲11.5% | $261,427,729▲11.5% | 990 |
| 2023 | $97,113,689▼8.5% | $95,550,398▼8.8% | $234,315,056▲14.1% | $234,500,318▲14.1% | 990 |
| 2022 | $106,138,902▼43.5% | $104,754,890▼15.2% | $205,353,065▼12.0% | $205,451,944▼12.0% | 990 |
| 2021 | $187,732,247▲63.8% | $123,537,186▼4.4% | $233,375,465▲0.3% | $233,482,578▲0.3% | 990 |
| 2020 | $114,599,389▼9.1% | $129,238,071▼6.2% | $232,783,273▼1.3% | $232,878,808▼1.4% | 990 |
| 2019 | $126,110,091▲11.3% | $137,809,978▼2.0% | $235,963,447▲5.4% | $236,071,981▲5.4% | 990 |
| 2018 | $113,275,385▼20.9% | $140,656,143▲6.8% | $223,826,393▲12.7% | $223,947,275▲12.7% | 990 |
| 2015 | $143,161,649▲1.5% | $131,668,043▼1.6% | $198,600,945▲12.3% | $198,708,800▲12.3% | 990 |
| 2014 | $141,047,537▼7.4% | $133,836,919▼5.3% | $176,901,094▲1.2% | $176,988,994▲1.2% | 990 |
| 2013 | $152,296,500 | $141,379,860▲14.0% | $174,718,557▲14.3% | $174,824,307▲14.3% | 990 |
| 2012 | — | $124,069,154▲4.2% | $152,814,340▲15.5% | $152,954,940▲15.3% | 990 |
| 2011 | — | $119,029,741 | $132,303,022 | $132,670,722 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
Highest-paid: Bank of New York — $11,500 (0.01% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Bank of New York | Trustee | 1 | $11,500 |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Deloitte & Touche LLP | Tax and Audit Services | $164,020 |
Frequently asked questions
- Is Lucent Technologies Inc Postretirment Welfare Benefits Tru a legitimate nonprofit?
- Yes. Lucent Technologies Inc Postretirment Welfare Benefits Tru is a 501(c)(9) organization registered with the U.S. Internal Revenue Service under EIN 22-3463671, based in Murray Hill, New Jersey.
- What is Lucent Technologies Inc Postretirment Welfare Benefits Tru's EIN?
- Lucent Technologies Inc Postretirment Welfare Benefits Tru's Employer Identification Number (EIN) is 22-3463671.
- How much revenue does Lucent Technologies Inc Postretirment Welfare Benefits Tru report?
- Lucent Technologies Inc Postretirment Welfare Benefits Tru reported $91,890,972 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Lucent Technologies Inc Postretirment Welfare Benefits Tru's spending goes to programs?
- Lucent Technologies Inc Postretirment Welfare Benefits Tru spends about 98% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Lucent Technologies Inc Postretirment Welfare Benefits Tru have?
- CharityIndex grades Lucent Technologies Inc Postretirment Welfare Benefits Tru C, based on program efficiency and fundraising cost.
- How much does Lucent Technologies Inc Postretirment Welfare Benefits Tru's highest-paid employee make?
- The highest reported compensation on Lucent Technologies Inc Postretirment Welfare Benefits Tru's latest Form 990 is $11,500, paid to Bank of New York (Trustee).
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Data for Lucent Technologies Inc Postretirment Welfare Benefits Tru (EIN 22-3463671) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.