Peco Energy Company Retiree Life Insurance Trust

Organization Overview

Peco Energy Company Retiree Life Insurance Trust is located in Chicago, IL. The organization was established in 1996. According to its NTEE Classification (Y43) the organization is classified as: Voluntary Employees Beneficiary Associations (Non-Government), under the broad grouping of Mutual & Membership Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Peco Energy Company Retiree Life Insurance Trust is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.

For the year ending 12/2021, Peco Energy Company Retiree Life Insurance Trust generated $1.9m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.2%) each year. All expenses for the organization totaled $2.8m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO PROVIDE BENEFITS TO ELIGIBLE MEMBERS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE VEBA TRUST PROVIDES LIFE INSURANCE BENEFITS TO ELIGIBLE MEMBERS. AS OF DECEMBER 31, 2021, THERE WERE APPROXIMATELY 55,173 MEMBERS ELIGIBLE TO RECEIVE SUCH BENEFITS.


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Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$685,444
Investment income $0
Tax Exempt Bond Proceeds $1,231,764
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales -$46,375
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $1,870,833

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