Exelon Corporation Employees Benefit Trust For Union Employees 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2019
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE HEALTH CARE BENEFITS TO THE PARTICIPATING MEMBERS OF THE VEBA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE VEBA TRUST PROVIDED BENEFITS FOR APPROXIMATELY 2,352 RETIRED UNION EMPLOYEE PARTICIPANTS AND THEIR SURVIVING SPOUSES FROM MEMBER AND EMPLOYER CONTRIBUTIONS.
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
American Specialty Health Management Inc Health Care Management | 12/30/18 | $187,786 |
Alight Solutions Llc Benefit Administration | 12/30/18 | $925,044 |
Exelon Business Services Company Business Support Services | 12/30/18 | $200,294 |
Blackrock Financial Management Investment Management | 12/30/18 | $1,015,489 |
Morgan Stanley Investment Mgmt Ltd Investment Management | 12/30/18 | $476,443 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
Investment income | $18,546,583 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | -$46,028,924 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | -$16,173,599 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic individuals. | $0 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $73,233,042 |
Compensation of current officers, directors, key employees. | $150,453 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $0 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $0 |
Fees for services: Management | $0 |
Fees for services: Legal | $29,008 |
Fees for services: Accounting | $11,675 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $2,231,797 |
Fees for services: Other | $162,618 |
Advertising and promotion | $0 |
Office expenses | $0 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $0 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $0 |
Insurance | $0 |
All other expenses | $0 |
Total functional expenses | $79,117,200 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $54,860 |
Savings and temporary cash investments | $14,141,517 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $4,024,778 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $0 |
Investments—publicly traded securities | $650,422,880 |
Investments—other securities | $554,179,042 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $1,222,823,077 |
Accounts payable and accrued expenses | $2,509,023 |
Grants payable | $0 |
Deferred revenue | $0 |
Tax-exempt bond liabilities | $0 |
Escrow or custodial account liability | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $0 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $0 |
Total liabilities | $2,509,023 |
Net assets without donor restrictions | $0 |
Net assets with donor restrictions | $0 |
Capital stock or trust principal, or current funds | $0 |
Paid-in or capital surplus, or land, building, or equipment fund | $1,220,314,054 |
Total liabilities and net assets/fund balances | $1,220,314,054 |
Organization Name | Assets | Revenue |
---|---|---|
Line Construction Benefit Fund Lombard, IL | $995,310,310 | $745,010,038 |
Wea Insurance Corporation Madison, WI | $712,836,642 | $615,393,234 |
Safeway Inc Welfare Benefit Tr Chicago, IL | $0 | $500,055,601 |
Exelon Corporation Employees Benefit Trust Chicago, IL | $43,559,127 | $497,549,343 |
United Airlines Employee Sick Leave Tr Chicago, IL | $38,452,063 | $380,552,286 |
Caterpillar Inc Group Insurance Master Trust Agreement Chicago, IL | $255,709,869 | $246,707,757 |
Christian Brothers Employee Benefit Trust Romeoville, IL | $177,676,687 | $317,215,302 |
Ascension Welfare Benefits Trust St Louis, MO | $185,079,173 | $324,182,954 |
Midwest Operating Engineers Welfare Fund Countryside, IL | $570,825,851 | $330,851,269 |
Concordia Health Plan St Louis, MO | $185,239,752 | $266,059,390 |
Chicago District Council Of Carpenters Welfare Fund Chicago, IL | $918,215,522 | $305,952,757 |
Electrical Insurance Trustees Chicago, IL | $711,659,007 | $277,859,235 |