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← HAWAIIAN ELECTRIC INDUSTRIES INC VEBA PL FOR BARGAINING UNIT EMPLYS

Form 990 for tax year 2023

Filed by HAWAIIAN ELECTRIC INDUSTRIES INC VEBA PL FOR BARGAINING UNIT EMPLYS.

Totals

Total revenue
$7,651,265
Total expenses
$6,055,659
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$1,581,203
Investment income
$6,070,062
Other revenue
$0
Total assets, end of year
$142,405,213
Total liabilities, end of year
$231,269
Net assets or fund balances, end of year
$142,173,944
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: EMPLOYEE PLAN CONTRIBUTIONS

    total $1,581,203 · excluded $1,581,203

  • 3 · Investment income

    total $6,558,037 · excluded $6,558,037

  • 7b · Less cost or other basis and sales expenses

    securities $487,975

  • 7c · Gain or loss

    securities -$487,975

  • 7d · Net gain or loss

    total -$487,975 · excluded -$487,975

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $5,545,456

  • 11b · Fees: legal

    total $9,246

  • 11c · Fees: accounting

    total $18,944

  • 11f · Fees: investment management

    total $322,774

  • 11g · Fees: other

    total $141,117

  • 24a · Other expenses: FOREIGN TAXES

    total $18,122

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,359

  • 12 · Investments: other securities

    beginning of year $128,345,848 · end of year $142,405,213

  • 17 · Accounts payable and accrued expenses

    beginning of year $180,901 · end of year $231,269

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $128,167,306 · end of year $142,173,944

Mission and programs · 2023

Mission

THE TRUST IS A FUNDING VEHICLE FOR THE "POST-RETIREMENT WELFARE BENEFITS PLAN FOR THE EMPLOYEES OF HAWAIIAN ELECTRIC COMPANY, INC. AND PARTICIPATING EMPLOYERS."

Activities or mission (Part I)

THE TRUST IS A FUNDING VEHICLE FOR THE POST-RETIREMENT WELFARE BENEFIT PLAN FOR EMPLOYEES OF HAWAIIAN ELECTRIC COMPANY, INC. AND PARTICIPATING EMPLOYERS.

  • FUNDING VEHICLE

As filed on the 2023 return.

Listed in Part VII

  • Hei Pension Investment Committee

    (SEE SCHEDULE O)

    Total calculated
    $0
    Hours/week
    0

  • Bank Of New York Mellon Corp

    TRUSTEE

    Total calculated
    $138,430
    From this org
    $103,801
    From related orgs
    $34,629
    Other
    $0
    Hours/week
    0

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • HAWAIIAN ELECTRIC INDUSTRIES INC

    C · SPONSOR · HI

  • HAWAIIAN ELECTRIC COMPANY INC

    C · SPONSOR · HI

  • HAWAII ELECTRIC LIGHT COMPANY INC

    C · SPONSOR · HI

  • MAUI ELECTRIC COMPANY LTD

    C · SPONSOR · HI

Provenance

Return type
form_990
Tax year
2023
Filed
21 October 2024
IRS schema version
2023v5.1
Source object
202423179349305702

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