TITAN TIRE CORPORATION VOLUNTARY RETIREE BENEFIT TRUST: Form 990, tax year 2011

View the entire original 990 at ProPublica ↗

Organization: TITAN TIRE CORPORATION VOLUNTARY RETIREE BENEFIT TRUST (EIN 68-0646404)
Tax period: 2011-06-01 to 2012-05-31
Filed: 2013-02-14
IRS object ID: 201300459349302410
Schema version: 2011v1.2
Source: Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header
Form 990
Schedule D
Schedule O

Return header ReturnHeader

Field	Value	IRS element (for citing)
Timestamp	2013-02-14T13:48:05-08:00	Timestamp
Tax Period End Date	2012-05-31	TaxPeriodEndDate

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	MCELHANEY & ASSOCIATES LLC	BusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

Field	Value	IRS element (for citing)
Address Line1	1725 WASHINGTON RD STE 602	AddressLine1
City	PITTSBURGH	City
State	PA	State
ZIP Code	15241	ZIPCode

Field	Value	IRS element (for citing)
Return Type	990	ReturnType
Tax Period Begin Date	2011-06-01	TaxPeriodBeginDate

Filer Filer

Field	Value	IRS element (for citing)
EIN	680646404	EIN

Name Name

Field	Value	IRS element (for citing)
Business Name Line1	TITAN TIRE CORPORATION VOLUNTARY BENEFIT TRUST	BusinessNameLine1

Field	Value	IRS element (for citing)
Name Control	TITA	NameControl
Phone	4122010224	Phone

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	60 BOULEVARD OF THE ALLIES 5TH FL	AddressLine1
City	PITTSBURGH	City
State	PA	State
ZIP Code	15222	ZIPCode

Officer Officer

Field	Value	IRS element (for citing)
Name	EMILY WOODWARD	Name
Title	COMMITTEE CHAIRMAN	Title
Phone	4122010224	Phone
Date Signed	2013-01-29	DateSigned
Authorize Third Party	true	AuthorizeThirdParty

Preparer Preparer

Field	Value	IRS element (for citing)
Name	F E MCELHANEY JR	Name
Phone	4128313812	Phone
Date Prepared	2013-02-14	DatePrepared

Field	Value	IRS element (for citing)
Tax Year	2011	TaxYear
Build TS	2016-03-07 17:11:31Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Name Of Principal Officer Person	EMILY NEWPORT	NameOfPrincipalOfficerPerson

Address Principal Officer US AddressPrincipalOfficerUS

Field	Value	IRS element (for citing)
Address Line1	60 BOULEVARD OF THE ALLIES	AddressLine1
City	PITTSBURGH	City
State	PA	State
ZIP Code	15222	ZIPCode

Field	Value	IRS element (for citing)
Gross Receipts	14689996	GrossReceipts
Group Return For Affiliates	false	GroupReturnForAffiliates
Organization501c	X	Organization501c
Web Site	N/A	WebSite
Type Of Organization Corporation	X	TypeOfOrganizationCorporation
Year Formation	2007	YearFormation
State Legal Domicile	PA	StateLegalDomicile
Activity Or Mission Description	TO PAY MEDICAL EXPENSES	ActivityOrMissionDescription
Nbr Voting Members Governing Body	4	NbrVotingMembersGoverningBody
Nbr Independent Voting Members	4	NbrIndependentVotingMembers
Total Nbr Employees	0	TotalNbrEmployees
Total Nbr Volunteers	0	TotalNbrVolunteers
Total Gross UBI	0	TotalGrossUBI
Contributions Grants Current Year	0	ContributionsGrantsCurrentYear
Program Service Revenue Prior Year	4043248	ProgramServiceRevenuePriorYear
Program Service Revenue CY	92573	ProgramServiceRevenueCY
Investment Income Prior Year	939522	InvestmentIncomePriorYear
Investment Income Current Year	110273	InvestmentIncomeCurrentYear
Other Revenue Current Year	0	OtherRevenueCurrentYear
Total Revenue Prior Year	4982770	TotalRevenuePriorYear
Total Revenue Current Year	202846	TotalRevenueCurrentYear
Grants And Similar Amnts CY	0	GrantsAndSimilarAmntsCY
Benefits Paid To Members Prior Year	434509	BenefitsPaidToMembersPriorYear
Benefits Paid To Members CY	868543	BenefitsPaidToMembersCY
Salaries Etc Current Year	0	SalariesEtcCurrentYear
Total Prof Fundrsng Exp CY	0	TotalProfFundrsngExpCY
Total Fundrsng Exp Current Year	0	TotalFundrsngExpCurrentYear
Other Expense Prior Year	175755	OtherExpensePriorYear
Other Expenses Current Year	175886	OtherExpensesCurrentYear
Total Expenses Prior Year	610264	TotalExpensesPriorYear
Total Expenses Current Year	1044429	TotalExpensesCurrentYear
Revenues Less Expenses Prior Year	4372506	RevenuesLessExpensesPriorYear
Revenues Less Expenses CY	-841583	RevenuesLessExpensesCY
Total Assets BOY	29602243	TotalAssetsBOY
Total Assets EOY	28186967	TotalAssetsEOY
Total Liabilities BOY	34463	TotalLiabilitiesBOY
Total Liabilities EOY	27577	TotalLiabilitiesEOY
Net Assets Or Fund Balances BOY	29567780	NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY	28159390	NetAssetsOrFundBalancesEOY
Mission Description	TO PAY MEDICAL EXPENSES	MissionDescription
Significant New Program Services	false	SignificantNewProgramServices
Significant Change	false	SignificantChange
Description	TO PAY MEDICAL EXPENSES	Description
Described In501 C3	false	DescribedIn501C3
Schedule B Required	false	ScheduleBRequired
Political Activities	false	PoliticalActivities
Lobbying Activities	false	LobbyingActivities
Subject To Proxy Tax	false	SubjectToProxyTax
Donor Advised Funds	false	DonorAdvisedFunds
Conservation Easements	false	ConservationEasements
Collections Of Art	false	CollectionsOfArt
Credit Counseling	false	CreditCounseling
Term Or Permanent Endowments	false	TermOrPermanentEndowments
Report Land Bldg Equip	false	ReportLandBldgEquip
Report Invest Oth Securities	true	ReportInvestOthSecurities
Report Prog Rel Invest	false	ReportProgRelInvest
Report Other Assets	false	ReportOtherAssets
Report Other Liabilities	true	ReportOtherLiabilities
Report Fin48 Footnote	false	ReportFin48Footnote
Independent Audit Financial Stmt	true	IndependentAuditFinancialStmt
Consolidated Audit Financial Stmt	false	ConsolidatedAuditFinancialStmt
School	false	School
Foreign Office	false	ForeignOffice
Foreign Activities	false	ForeignActivities
More Than5000 K To Organizations	false	MoreThan5000KToOrganizations
More Than5000 K To Individuals	false	MoreThan5000KToIndividuals
Professional Fundraising	false	ProfessionalFundraising
Fundraising Activities	false	FundraisingActivities
Gaming	false	Gaming
Hospital	false	Hospital
Grants To Organizations	false	GrantsToOrganizations
Grants To Individuals	false	GrantsToIndividuals
Schedule J Required	false	ScheduleJRequired
Tax Exempt Bonds	false	TaxExemptBonds
Excess Benefit Transaction	false	ExcessBenefitTransaction
Prior Excess Benefit Transaction	false	PriorExcessBenefitTransaction
Loan To Officer Or DQP	false	LoanToOfficerOrDQP
Grant To Related Person	false	GrantToRelatedPerson
Bsnss Rltnshp With Organization	false	BsnssRltnshpWithOrganization
Bsnss Rltnshp Thru Family Member	false	BsnssRltnshpThruFamilyMember
Officer Entity With Bsnss Rltnshp	false	OfficerEntityWithBsnssRltnshp
Deductible Non Cash Contributions	false	DeductibleNonCashContributions
Deductible Contributions Of Art	false	DeductibleContributionsOfArt
Terminated	false	Terminated
Partial Liquidation	false	PartialLiquidation
Disregarded Entity	false	DisregardedEntity
Related Entity	false	RelatedEntity
Related Org Controlled Entity	false	RelatedOrgControlledEntity
Transaction Related Entity	false	TransactionRelatedEntity
Activities Conducted Partnership	false	ActivitiesConductedPartnership
Schedule O Required	true	ScheduleORequired
Number Forms Transmitted With1096	0	NumberFormsTransmittedWith1096
Number W2 G Included	0	NumberW2GIncluded
Number Of Employees	0	NumberOfEmployees
Unrelated Business Income	false	UnrelatedBusinessIncome
Foreign Financial Account	false	ForeignFinancialAccount
Prohibited Tax Shelter Trans	false	ProhibitedTaxShelterTrans
Taxable Party Notification	false	TaxablePartyNotification
Non Deductible Contributions	false	NonDeductibleContributions
Quid Pro Quo Contributions	false	QuidProQuoContributions
Form8282 Property Disposed Of	false	Form8282PropertyDisposedOf
Funds To Pay Premiums	false	FundsToPayPremiums
Premiums Paid	false	PremiumsPaid
Indoor Tanning Services	false	IndoorTanningServices
Info In Schedule O Part VI	X	InfoInScheduleOPartVI
Nbr Voting Governing Body Members	4	NbrVotingGoverningBodyMembers
Number Independent Voting Members	4	NumberIndependentVotingMembers
Family Or Business Relationship	false	FamilyOrBusinessRelationship
Delegation Of Management Duties	false	DelegationOfManagementDuties
Changes To Organizing Docs	false	ChangesToOrganizingDocs
Material Diversion Or Misuse	false	MaterialDiversionOrMisuse
Members Or Stockholders	false	MembersOrStockholders
Election Of Board Members	false	ElectionOfBoardMembers
Decisions Subject To Approval	false	DecisionsSubjectToApproval
Minutes Of Governing Body	true	MinutesOfGoverningBody
Minutes Of Committees	true	MinutesOfCommittees
Officer Mailing Address	false	OfficerMailingAddress
Local Chapters	false	LocalChapters
Form990 Provided To Governing Body	true	Form990ProvidedToGoverningBody
Conflict Of Interest Policy	false	ConflictOfInterestPolicy
Whistleblower Policy	false	WhistleblowerPolicy
Document Retention Policy	false	DocumentRetentionPolicy
Compensation Process CEO	true	CompensationProcessCEO
Compensation Process Other	true	CompensationProcessOther
Investment In Joint Venture	false	InvestmentInJointVenture
Upon Request	X	UponRequest

The Books Are In Care Of TheBooksAreInCareOf

Name Business NameBusiness

Field	Value	IRS element (for citing)
Business Name Line1	CENTRAL DATA SERVICES INC	BusinessNameLine1

Field	Value	IRS element (for citing)
Telephone Number	4122012242	TelephoneNumber

Address US AddressUS

Field	Value	IRS element (for citing)
Address Line1	60 BOULEVARD OF THE ALLIES 5TH FL	AddressLine1
City	PITTSBURGH	City
State	PA	State
ZIP Code	15222	ZIPCode

Field	Value	IRS element (for citing)
No Listed Persons Compensated	X	NoListedPersonsCompensated

Form990 Part VII Section A Form990PartVIISectionA (4 entries)

TitleTitle	Average Hours Per WeekAverageHoursPerWeek	Individual Trustee Or DirectorIndividualTrusteeOrDirector	Reportable Comp From OrganizationReportableCompFromOrganization	Reportable Comp From Related OrgsReportableCompFromRelatedOrgs	Other CompensationOtherCompensation
EMILY WOODWARD
COMM. MEMBER	0.25	X	0	0	0
STEVE VANDERHEYDEN
COMM. MEMBER	0.25	X	0	0	0
RENEE ASTFALK
COMM. MEMBER	0.25	X	0	0	0
BILL CAMPBELL
COMM. MEMBER	0.25	X	0	0	0

Field	Value	IRS element (for citing)
Formers Listed	false	FormersListed
Total Comp GT150 K	false	TotalCompGT150K
Compensation From Other Sources	false	CompensationFromOtherSources

Contractor Compensation ContractorCompensation

Name Of Contractor NameOfContractor

Name Business NameBusiness

Field	Value	IRS element (for citing)
Business Name Line1	PNC INVESTMENTS	BusinessNameLine1

Address Of Contractor AddressOfContractor

Address US AddressUS

Field	Value	IRS element (for citing)
Address Line1	249 FIFTH AVE	AddressLine1
City	PITTSBURGH	City
State	PA	State
ZIP Code	15222	ZIPCode

Field	Value	IRS element (for citing)
Description Of Services	SECURITIES CUSTORIAL/INVEST. ADVISOR	DescriptionOfServices
Compensation	101688	Compensation

Field	Value	IRS element (for citing)
Number Of Contractors GT100 K	1	NumberOfContractorsGT100K

Program Service Revenue ProgramServiceRevenue

Field	Value	IRS element (for citing)
Description	PARTICIPANT CONTRIBUTIONS	Description
Business Code	900099	BusinessCode
Total Revenue Column	92573	TotalRevenueColumn

Field	Value	IRS element (for citing)
Total Program Service Revenue	92573	TotalProgramServiceRevenue

Investment Income InvestmentIncome

Field	Value	IRS element (for citing)
Total Revenue Column	581151	TotalRevenueColumn
Exclusion	$581,151	ExclusionAmount

Gross Amount Sales Assets GrossAmountSalesAssets

Field	Value	IRS element (for citing)
Securities	14016272	Securities

Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses

Field	Value	IRS element (for citing)
Securities	14487150	Securities

Gain Or Loss GainOrLoss

Field	Value	IRS element (for citing)
Securities	-470878	Securities

Net Gain Or Loss Investments NetGainOrLossInvestments

Field	Value	IRS element (for citing)
Total Revenue Column	-470878	TotalRevenueColumn
Exclusion	-$470,878	ExclusionAmount

Total Revenue TotalRevenue

Field	Value	IRS element (for citing)
Total Revenue Column	202846	TotalRevenueColumn
Related Or Exempt Function Income	92573	RelatedOrExemptFunctionIncome
Exclusion	$110,273	ExclusionAmount

Benefits To Members BenefitsToMembers

Field	Value	IRS element (for citing)
Total	868543	Total

Fees For Services Legal FeesForServicesLegal

Field	Value	IRS element (for citing)
Total	26792	Total

Fees For Services Accounting FeesForServicesAccounting

Field	Value	IRS element (for citing)
Total	8500	Total

Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees

Field	Value	IRS element (for citing)
Total	101688	Total

Fees For Services Other FeesForServicesOther

Field	Value	IRS element (for citing)
Total	22199	Total

Office Expenses OfficeExpenses

Field	Value	IRS element (for citing)
Total	1612	Total

Conferences Meetings ConferencesMeetings

Field	Value	IRS element (for citing)
Total	100	Total

Insurance Insurance

Field	Value	IRS element (for citing)
Total	14995	Total

Total Functional Expenses TotalFunctionalExpenses

Field	Value	IRS element (for citing)
Total	1044429	Total

Cash Non Interest Bearing CashNonInterestBearing

Field	Value	IRS element (for citing)
BOY	90614	BOY
EOY	28931	EOY

Receivables From Disqual Persons ReceivablesFromDisqualPersons

Field	Value	IRS element (for citing)
BOY	2000000	BOY
EOY	2000000	EOY

Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges

Field	Value	IRS element (for citing)
BOY	960	BOY
EOY	1276	EOY

Investments Pub Traded Securities InvestmentsPubTradedSecurities

Field	Value	IRS element (for citing)
BOY	16917504	BOY
EOY	18199834	EOY

Investments Other Securities InvestmentsOtherSecurities

Field	Value	IRS element (for citing)
BOY	10510299	BOY
EOY	7881730	EOY

Other Assets Total OtherAssetsTotal

Field	Value	IRS element (for citing)
BOY	82866	BOY
EOY	75196	EOY

Total Assets TotalAssets

Field	Value	IRS element (for citing)
BOY	29602243	BOY
EOY	28186967	EOY

Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses

Field	Value	IRS element (for citing)
BOY	29772	BOY
EOY	26824	EOY

Other Liabilities OtherLiabilities

Field	Value	IRS element (for citing)
BOY	4691	BOY
EOY	753	EOY

Total Liabilities TotalLiabilities

Field	Value	IRS element (for citing)
BOY	34463	BOY
EOY	27577	EOY

Field	Value	IRS element (for citing)
Do Not Follow SFAS117	X	DoNotFollowSFAS117

Cap Stck Trst Prin Current Funds CapStckTrstPrinCurrentFunds

Field	Value	IRS element (for citing)
BOY	29567780	BOY
EOY	28159390	EOY

Total Net Assets Fund Balances TotalNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	29567780	BOY
EOY	28159390	EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	29602243	BOY
EOY	28186967	EOY

Field	Value	IRS element (for citing)
Info In Schedule O Part XI	X	InfoInScheduleOPartXI
Reconcilation Revenue Expenses	-841583	ReconcilationRevenueExpenses
Reconcilation Other Changes	-566807	ReconcilationOtherChanges
Method Of Accounting Accrual	X	MethodOfAccountingAccrual
Accountant Compile Or Review	false	AccountantCompileOrReview
FS Audited	true	FSAudited
Audit Committee	true	AuditCommittee
Financial Statement Separate	X	FinancialStatementSeparate
Federal Grant Audit Required	false	FederalGrantAuditRequired

Schedule D IRS990ScheduleD

Other Securities OtherSecurities (3 entries)

DescriptionDescription	Book ValueBookValue	Method Of ValuationMethodOfValuation
PNC INT'L EQUITY	3188223	F
PNC SMALL CAP	3379136	F
PNC MID CAP	1314371	F

Field	Value	IRS element (for citing)
Total Of Book Value Securities	7881730	TotalOfBookValueSecurities

Other Liabilities OtherLiabilities

Field	Value	IRS element (for citing)
Description	PARTICIPANT CONTRIBUTIONS IN ADVANCE	Description
Amount	$753	Amount

Field	Value	IRS element (for citing)
Total Of Amounts	753	TotalOfAmounts
Total Revenue	202846	TotalRevenue
Total Expenses	1044429	TotalExpenses
Excess Or Deficit For Year	-841583	ExcessOrDeficitForYear
Net Unrealized GL On Investments	-566807	NetUnrealizedGLOnInvestments
Total Adjustments	-566807	TotalAdjustments
Excess Or Deficit Per FS	-1408390	ExcessOrDeficitPerFS
Tot Revenue Etc Audited Fincl Stmt	-465649	TotRevenueEtcAuditedFinclStmt
Net Unrealized Gains Investments	-566807	NetUnrealizedGainsInvestments
Revenue Not Rptd F990	-566807	RevenueNotRptdF990
Revenue Subtotal	101158	RevenueSubtotal
Investment Expenses Not Included	101688	InvestmentExpensesNotIncluded
Revenue Not Rptd On Fin Stmt	101688	RevenueNotRptdOnFinStmt
Total Revenue Per Form990	202846	TotalRevenuePerForm990
Tot Expenses Etc Audited Fincl Stmt	942741	TotExpensesEtcAuditedFinclStmt
Expenses Subtotal	942741	ExpensesSubtotal
Investment Expenses Not Included2	101688	InvestmentExpensesNotIncluded2
Expenses Not Rptd On Fin Stmt	101688	ExpensesNotRptdOnFinStmt
Total Expenses Per Form990	1044429	TotalExpensesPerForm990

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (5 entries)

IdentifierIdentifier	ExplanationExplanation
Pt VI, Line 11a	REVIEWED BY PRINCIPAL OFFICERS AND SIGNING CHAIRMAN
Pt VI, Line 15	NO COMPENSATION DETERMINED BY THE COMMITTEE
Pt VI, Line 19	AVAILABLE UPON REQUEST
Pt XI	UNREALIZED INVESTMENT LOSS
Pt X, Line 6	EMPLOYER CONTRIBUTION RECEIVABLE PER SETTLEMENT AGREEMENT