The American Electric Power System Retiree Medical Benefit Trust For

Organization Overview

The American Electric Power System Retiree Medical Benefit Trust For is located in Pittsburgh, PA. The organization was established in 2004. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. American Electric Power System Retiree Medical Benefit Trust For 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, American Electric Power System Retiree Medical Benefit Trust For generated $67.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.8% each year . All expenses for the organization totaled $27.1m during the year ending 12/2021. While expenses have increased by 0.5% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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 FUNDING FOR OBLIGATIONS FOR RETIREE MEDICAL AND DENTAL BENEFITS OFFERED THROUGH THE AMERICAN ELECTRIC POWER SYSTEM COMPREHENSIVE MEDICAL PLAN.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE TRUST HOLDS, INVESTS AND REINVESTS ASSETS TO ACCUMULATE AMOUNTS THAT WILL BE USED TO PROVIDE MEDICAL AND DENTAL BENEFITS FOR CURRENT AND FUTURE RETIRED EMPLOYEES (AND THEIR DEPENDENTS) OF AMERICAN ELECTRIC POWER COMPANY, INC. AND ITS AFFILIATES WHO ARE COVERED BY CERTAIN COLLECTIVE BARGAINING AGREEMENTS.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Express Scripts
Administration Fees
$401,668
Sands Capital Management
Inv Mgmt Fees
$349,196
Polaris Capital Management Llc
Inv Mgmt Fees
$394,471
River And Mercantile Asset Management
Inv Mgmt Fees
$300,988
Vontobel Asset Management Inc
Inv Mgmt Fees
$309,213
View All Vendors

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$8,984,728
Investment income $14,608,624
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $42,565,317
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $67,488,820

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