TITAN TIRE CORPORATION VOLUNTARY RETIREE BENEFIT TRUST: Form 990, tax year 2012

View the entire original 990 at ProPublica ↗

Organization: TITAN TIRE CORPORATION VOLUNTARY RETIREE BENEFIT TRUST (EIN 68-0646404)
Tax period: 2012-06-01 to 2013-05-31
Filed: 2013-11-13
IRS object ID: 201333179349301568
Schema version: 2012v2.0
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
Schedule R

Return header ReturnHeader

Field	Value	IRS element (for citing)
Timestamp	2013-11-13T07:32:06-08:00	Timestamp
Tax Period End Date	2013-05-31	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	2012-06-01	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	4122012242	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	4122012242	Phone
Date Signed	2013-10-15	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	2013-10-31	DatePrepared

Field	Value	IRS element (for citing)
Tax Year	2012	TaxYear
Build TS	2016-02-24 21:20:13Z	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	23648679	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	92573	ProgramServiceRevenuePriorYear
Program Service Revenue CY	1922410	ProgramServiceRevenueCY
Investment Income Prior Year	110273	InvestmentIncomePriorYear
Investment Income Current Year	1694277	InvestmentIncomeCurrentYear
Other Revenue Current Year	0	OtherRevenueCurrentYear
Total Revenue Prior Year	202846	TotalRevenuePriorYear
Total Revenue Current Year	3616687	TotalRevenueCurrentYear
Grants And Similar Amnts CY	0	GrantsAndSimilarAmntsCY
Benefits Paid To Members Prior Year	868543	BenefitsPaidToMembersPriorYear
Benefits Paid To Members CY	974640	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	175886	OtherExpensePriorYear
Other Expenses Current Year	205349	OtherExpensesCurrentYear
Total Expenses Prior Year	1044429	TotalExpensesPriorYear
Total Expenses Current Year	1179989	TotalExpensesCurrentYear
Revenues Less Expenses Prior Year	-841583	RevenuesLessExpensesPriorYear
Revenues Less Expenses CY	2436698	RevenuesLessExpensesCY
Total Assets BOY	28186967	TotalAssetsBOY
Total Assets EOY	33205542	TotalAssetsEOY
Total Liabilities BOY	27577	TotalLiabilitiesBOY
Total Liabilities EOY	39695	TotalLiabilitiesEOY
Net Assets Or Fund Balances BOY	28159390	NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY	33165847	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	true	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	1	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 (5 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
MIKE TROYANOVICH
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	105218	Compensation

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

Program Service Revenue ProgramServiceRevenue (2 entries)

DescriptionDescription	Business CodeBusinessCode	Total Revenue ColumnTotalRevenueColumn
PARTICIPANT CONTRIBUTIONS	900099	172410
EMPLOYER CONTRIBUTIONS	900099	1750000

Field	Value	IRS element (for citing)
Total Program Service Revenue	1922410	TotalProgramServiceRevenue

Investment Income InvestmentIncome

Field	Value	IRS element (for citing)
Total Revenue Column	626209	TotalRevenueColumn
Exclusion	$626,209	ExclusionAmount

Gross Amount Sales Assets GrossAmountSalesAssets

Field	Value	IRS element (for citing)
Securities	21100060	Securities

Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses

Field	Value	IRS element (for citing)
Securities	20031992	Securities

Gain Or Loss GainOrLoss

Field	Value	IRS element (for citing)
Securities	1068068	Securities

Net Gain Or Loss Investments NetGainOrLossInvestments

Field	Value	IRS element (for citing)
Total Revenue Column	1068068	TotalRevenueColumn
Exclusion	$1,068,068	ExclusionAmount

Total Revenue TotalRevenue

Field	Value	IRS element (for citing)
Total Revenue Column	3616687	TotalRevenueColumn
Related Or Exempt Function Income	1922410	RelatedOrExemptFunctionIncome
Exclusion	$1,694,277	ExclusionAmount

Benefits To Members BenefitsToMembers

Field	Value	IRS element (for citing)
Total	974640	Total

Fees For Services Legal FeesForServicesLegal

Field	Value	IRS element (for citing)
Total	25406	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	105218	Total

Fees For Services Other FeesForServicesOther

Field	Value	IRS element (for citing)
Total	49200	Total

Office Expenses OfficeExpenses

Field	Value	IRS element (for citing)
Total	1398	Total

Conferences Meetings ConferencesMeetings

Field	Value	IRS element (for citing)
Total	416	Total

Insurance Insurance

Field	Value	IRS element (for citing)
Total	15211	Total

Total Functional Expenses TotalFunctionalExpenses

Field	Value	IRS element (for citing)
Total	1179989	Total

Cash Non Interest Bearing CashNonInterestBearing

Field	Value	IRS element (for citing)
BOY	28931	BOY
EOY	4998	EOY

Accounts Receivable AccountsReceivable

Field	Value	IRS element (for citing)
EOY	1668	EOY

Receivables From Disqual Persons ReceivablesFromDisqualPersons

Field	Value	IRS element (for citing)
BOY	2000000	BOY

Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges

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

Investments Pub Traded Securities InvestmentsPubTradedSecurities

Field	Value	IRS element (for citing)
BOY	18199834	BOY
EOY	25944768	EOY

Investments Other Securities InvestmentsOtherSecurities

Field	Value	IRS element (for citing)
BOY	7881730	BOY
EOY	7177339	EOY

Other Assets Total OtherAssetsTotal

Field	Value	IRS element (for citing)
BOY	75196	BOY
EOY	75493	EOY

Total Assets TotalAssets

Field	Value	IRS element (for citing)
BOY	28186967	BOY
EOY	33205542	EOY

Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses

Field	Value	IRS element (for citing)
BOY	26824	BOY
EOY	26863	EOY

Other Liabilities OtherLiabilities

Field	Value	IRS element (for citing)
BOY	753	BOY
EOY	12832	EOY

Total Liabilities TotalLiabilities

Field	Value	IRS element (for citing)
BOY	27577	BOY
EOY	39695	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	28159390	BOY
EOY	33165847	EOY

Total Net Assets Fund Balances TotalNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	28159390	BOY
EOY	33165847	EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	28186967	BOY
EOY	33205542	EOY

Field	Value	IRS element (for citing)
Info In Schedule O Part XI	X	InfoInScheduleOPartXI
Reconcilation Revenue Expenses	2436698	ReconcilationRevenueExpenses
Reconciliation Unrealized Invest	2569759	ReconciliationUnrealizedInvest
Method Of Accounting Accrual	X	MethodOfAccountingAccrual
Accountant Compile Or Review	false	AccountantCompileOrReview
FS Audited	true	FSAudited

FS Audited Basis FSAuditedBasis

Field	Value	IRS element (for citing)
Financial Statement Separate	X	FinancialStatementSeparate

Field	Value	IRS element (for citing)
Audit Committee	true	AuditCommittee
Federal Grant Audit Required	false	FederalGrantAuditRequired

Schedule D IRS990ScheduleD

Other Securities OtherSecurities (2 entries)

DescriptionDescription	Book ValueBookValue	Method Of ValuationMethodOfValuation
PNC INT'L EQUITY	3531002	F
PNC SMALL CAP	3646337	F

Field	Value	IRS element (for citing)
Total Of Book Value Securities	7177339	TotalOfBookValueSecurities

Other Liabilities OtherLiabilities

Field	Value	IRS element (for citing)
Description	PARTICIPANT CONTRIBUTIONS IN ADVANCE	Description
Amount	$12,832	Amount

Field	Value	IRS element (for citing)
Total Of Amounts	12832	TotalOfAmounts
Tot Revenue Etc Audited Fincl Stmt	6081228	TotRevenueEtcAuditedFinclStmt
Net Unrealized Gains Investments	2569759	NetUnrealizedGainsInvestments
Revenue Not Rptd F990	2569759	RevenueNotRptdF990
Revenue Subtotal	3511469	RevenueSubtotal
Investment Expenses Not Included	105218	InvestmentExpensesNotIncluded
Revenue Not Rptd On Fin Stmt	105218	RevenueNotRptdOnFinStmt
Total Revenue Per Form990	3616687	TotalRevenuePerForm990
Tot Expenses Etc Audited Fincl Stmt	1074771	TotExpensesEtcAuditedFinclStmt
Expenses Subtotal	1074771	ExpensesSubtotal
Investment Expenses Not Included2	105218	InvestmentExpensesNotIncluded2
Expenses Not Rptd On Fin Stmt	105218	ExpensesNotRptdOnFinStmt
Total Expenses Per Form990	1179989	TotalExpensesPerForm990

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (5 entries)

IdentifierIdentifier	ExplanationExplanation
Pt VI, Line 11b	ALL COMMITTEE MEMBERS ARE PROVIDED A COPY OF THE COMPLETED FORM BEFORE IT IS FILED
Pt VI, Line 15a	NO COMPENSATION DETERMINED BY THE COMMITTEE
Pt VI, Line 15b	NO COMPENSATION DETERMINED BY THE COMMITTEE
Pt VI, Line 19	AVAILABLE UPON REQUEST
Pt XI	UNREALIZED INVESTMENT GAIN

Schedule R IRS990ScheduleR

Form990 Schedule R Part IV Form990ScheduleRPartIV

Name Of Related Org NameOfRelatedOrg

Field	Value	IRS element (for citing)
Business Name Line1	TITAN INTERNATIONAL INC	BusinessNameLine1

Address US AddressUS

Field	Value	IRS element (for citing)
Address Line1	2701 SPRUCE STREET	AddressLine1
City	QUINCY	City
State	IL	State
ZIP Code	62301	ZIPCode

Field	Value	IRS element (for citing)
EIN	363228472	EIN
Primary Activity	MFG OF TIRES AND WHEELS	PrimaryActivity
Legal Domicile State	IL	LegalDomicileState

Direct Controlling Entity Name DirectControllingEntityName

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

Field	Value	IRS element (for citing)
Type Of Entity	C	TypeOfEntity

Field	Value	IRS element (for citing)
Receipt Of Int Ann Rents Royalties	false	ReceiptOfIntAnnRentsRoyalties
Gift Grant Or Cap Contr To Other Org	false	GiftGrantOrCapContrToOtherOrg
Gift Grant Or Cap Contr Fr Other Org	false	GiftGrantOrCapContrFrOtherOrg
Loans Or Guarantees To Other Org	false	LoansOrGuaranteesToOtherOrg
Loans Or Guarantees From Other Org	false	LoansOrGuaranteesFromOtherOrg
Dividends Related Organization	false	DividendsRelatedOrganization
Sale Of Assets To Other Org	false	SaleOfAssetsToOtherOrg
Purchase Of Assets From Other Org	false	PurchaseOfAssetsFromOtherOrg
Exchange Of Assets	false	ExchangeOfAssets
Rental Of Facilities To Other Orgs	false	RentalOfFacilitiesToOtherOrgs
Rental Of Facilities Fr Other Orgs	false	RentalOfFacilitiesFrOtherOrgs
Perform Of Services For Other Orgs	false	PerformOfServicesForOtherOrgs
Perform Of Services By Other Orgs	false	PerformOfServicesByOtherOrgs
Sharing Of Facilities	false	SharingOfFacilities
Sharing Of Paid Employees	false	SharingOfPaidEmployees
Reimbursement Paid To Other Org	false	ReimbursementPaidToOtherOrg
Reimbursement Paid By Other Org	false	ReimbursementPaidByOtherOrg
Other Transfer To Other Org	false	OtherTransferToOtherOrg
Other Transfer From Other Org	false	OtherTransferFromOtherOrg

Form990 Schedule R Part VII Form990ScheduleRPartVII

Field	Value	IRS element (for citing)
Identifier	SCH. R, PART IV	Identifier
Explanation	RELATED ORGANIZATION IS A CONTRIBUTING EMPLOYER	Explanation