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Granite State Electric Co Ret Ben Tr For Union Employees

Organization summary

Type of Nonprofit

Designated as a Voluntary employees' beneficiary associations, which provide payment of life, sickness, accident or other benefits to members.

Donations to this organization are not tax deductible.

Summary charts: organization finances over time

Revenue
$46.6M (2022)

Expenses
$113M (2022)

Total Assets
$325M (2022)

Total Liabilities
$697k (2022)

Source: Form 990 tax filings from 2010 to 2022

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$46,584,354
Expenses
$112,897,258
Net Income
-$66,312,904
Net Assets
$324,693,248
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $12,192,372
26.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $34,305,292
73.6%
Net Inventory Sales $0
Other Revenue $86,690
0.2%
Notable Expenses Percent of Total Expenses
Executive Compensation $27,419
0.0%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $325,390,175
Total Liabilities $696,927
Net Assets $324,693,248
Compensation
Key Employees and Officers Compensation Related Other
The Bank Of New York Mellon (Trustee (See Schedule O)) $27,419 $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$130,825,767
Expenses
$18,652,291
Net Income
$112,173,476
Net Assets
$571,048,056
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $236,558
0.2%
Investment Income $9,177,606
7.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $120,114,935
91.8%
Net Inventory Sales $0
Other Revenue $1,296,668
1.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $27,405
0.1%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $578,352,756
Total Liabilities $7,304,700
Net Assets $571,048,056
Compensation
Key Employees and Officers Compensation Related Other
The Bank Of New York Mellon (Trustee (See Schedule O)) $27,405 $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$17,831,563
Expenses
$20,325,635
Net Income
-$2,494,072
Net Assets
$510,957,266
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $1,172,206
6.6%
Investment Income $3,511,273
19.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $12,471,015
69.9%
Net Inventory Sales $0
Other Revenue $677,069
3.8%
Notable Expenses Percent of Total Expenses
Executive Compensation $30,086
0.1%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $511,510,296
Total Liabilities $553,030
Net Assets $510,957,266
Compensation
Key Employees and Officers Compensation Related Other
The Bank Of New York Mellon (Trustee (See Schedule O)) $30,086 $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$16,554,804
Expenses
$18,117,496
Net Income
-$1,562,692
Net Assets
$466,704,148
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $1,542,878
9.3%
Investment Income $4,111,382
24.8%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $10,889,113
65.8%
Net Inventory Sales $0
Other Revenue $11,431
0.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $49,536
0.3%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $467,227,635
Total Liabilities $523,487
Net Assets $466,704,148
Compensation
Key Employees and Officers Compensation Related Other
The Bank Of New York M (Trustee (See Schedule O)) $49,536 $0 $0

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Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$33,878,835
Expenses
$18,642,467
Net Income
$15,236,368
Net Assets
$399,006,816
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $10,407,829
30.7%
Investment Income $4,187,943
12.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $19,262,693
56.9%
Net Inventory Sales $0
Other Revenue $20,370
0.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $12,383
0.1%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $399,283,626
Total Liabilities $276,810
Net Assets $399,006,816
Compensation
Key Employees and Officers Compensation Related Other
The Bank Of New York Mellon (Trustee (See Schedule O)) $12,383 $0 $0

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$41,885,247
Expenses
$19,777,975
Net Income
$22,107,272
Net Assets
$435,913,717
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $24,630,540
58.8%
Investment Income $3,625,442
8.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $13,638,689
32.6%
Net Inventory Sales $0
Other Revenue -$9,424
Notable Expenses Percent of Total Expenses
Executive Compensation $30,310
0.2%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $436,068,851
Total Liabilities $155,134
Net Assets $435,913,717
Compensation
Key Employees and Officers Compensation Related Other
The Bank Of New York Mellon (Trustee (See Schedule O)) $30,310 $0 $0

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Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$19,705,778
Expenses
$19,676,883
Net Income
$28,895
Net Assets
$365,452,269
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $14,413,703
73.1%
Investment Income $2,603,866
13.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $2,754,426
14.0%
Net Inventory Sales $0
Other Revenue -$66,217
Notable Expenses Percent of Total Expenses
Executive Compensation $20,752
0.1%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $366,495,163
Total Liabilities $1,042,894
Net Assets $365,452,269
Compensation
Key Employees and Officers Compensation Related Other
The Bank Of New York Mellon (Trustee (See Schedule O)) $20,752 $0 $0

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$38,385,269
Expenses
$17,895,268
Net Income
$20,490,001
Net Assets
$341,109,899
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $34,259,450
89.3%
Investment Income $2,915,466
7.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $1,174,300
3.1%
Net Inventory Sales $0
Other Revenue $36,053
0.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $20,201
0.1%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $341,662,569
Total Liabilities $552,670
Net Assets $341,109,899
Compensation
Key Employees and Officers Compensation Related Other
The Bank Of New York Mellon (Trustee (See Schedule O)) $20,201 $0 $0

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$30,912,512
Expenses
$18,641,787
Net Income
$12,270,725
Net Assets
$332,671,242
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $19,469,127
63.0%
Investment Income $3,803,644
12.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $7,606,322
24.6%
Net Inventory Sales $0
Other Revenue $33,419
0.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $21,933
0.1%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $334,123,434
Total Liabilities $1,452,192
Net Assets $332,671,242
Compensation
Key Employees and Officers Compensation Related Other
The Bank Of New York Mellon (Trustee (See Schedule O)) $21,933 $0 $0

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$28,894,132
Expenses
$23,270,652
Net Income
$5,623,480
Net Assets
$316,744,825
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $13,105,293
45.4%
Investment Income $3,822,298
13.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $11,929,402
41.3%
Net Inventory Sales $0
Other Revenue $37,139
0.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $20,869
0.1%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $317,564,246
Total Liabilities $819,421
Net Assets $316,744,825
Compensation
Key Employees and Officers Compensation Related Other
The Bank Of New York Mellon (Trustee (See Schedule O)) $20,869 $0 $0

Document Links

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$49,407,516
Expenses
$20,783,975
Net Income
$28,623,541
Net Assets
$284,328,578
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $41,544,559
84.1%
Investment Income $3,945,100
8.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $3,950,249
8.0%
Net Inventory Sales $0
Other Revenue -$32,392
Notable Expenses Percent of Total Expenses
Executive Compensation $22,754
0.1%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $290,921,157
Total Liabilities $6,592,579
Net Assets $284,328,578

Document Links

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$24,032,630
Expenses
$21,445,363
Net Income
$2,587,267
Net Assets
$232,995,259
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $12,510,163
52.1%
Investment Income $5,638,616
23.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $5,866,003
24.4%
Net Inventory Sales $0
Other Revenue $17,848
0.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $21,305
0.1%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $241,533,315
Total Liabilities $8,538,056
Net Assets $232,995,259

Document Links

Fiscal Year Ending Dec.
2010

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$20,867,104
Expenses
$20,856,551
Net Income
$10,553
Net Assets
$241,152,680
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $12,119,245
58.1%
Investment Income $4,045,840
19.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $4,669,490
22.4%
Net Inventory Sales $0
Other Revenue $32,529
0.2%
Notable Expenses Percent of Total Expenses
Executive Compensation $20,049
0.1%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $252,046,467
Total Liabilities $10,893,787
Net Assets $241,152,680

Document Links

Fiscal Year Ending Dec.
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending March
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
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  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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