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← EXELON CORPORATION MUTUAL BENEFIT ASSOCIATION TRUST

Form 990 for tax year 2022

Filed by EXELON CORPORATION MUTUAL BENEFIT ASSOCIATION TRUST.

Totals

Total revenue
$8,589,102
Total expenses
$9,318,434
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$8,580,251
Investment income
$8,851
Other revenue
$0
Total assets, end of year
$399,750
Total liabilities, end of year
$4,597,925
Net assets or fund balances, end of year
-$4,198,175
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: PARTICIPANT CONTRIBUTI

    total $4,291,182 · related or exempt $4,291,182

  • 2b · Program service revenue: EMPLOYER CONTRIBUTIONS

    total $4,289,069 · related or exempt $4,289,069

  • 3 · Investment income

    total $8,851 · related or exempt $8,851

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $9,285,714

  • 5 · Compensation of officers, directors and key employees

    total $7,500

  • 11c · Fees: accounting

    total $15,855

  • 11g · Fees: other

    total $2,350

  • 24a · Other expenses: BANK FEES

    total $7,015

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $578,391 · end of year $393,369

  • 3 · Pledges and grants receivable

    beginning of year $2,743 · end of year $3,190

  • 6 · Loans and receivables from disqualified persons

    beginning of year $2,743 · end of year $3,191

  • 17 · Accounts payable and accrued expenses

    beginning of year $4,954,831 · end of year $4,597,925

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year -$4,370,954 · end of year -$4,198,175

Mission and programs · 2022

Mission

TO PROVIDE DISABILITY BENEFITS TO MEMBERS.

Activities or mission (Part I)

PROVIDE DISABILITY BENEFITS TO MEMBERS.

  • TO FUND THE PROVISION OF DISABILITY BENEFITS TO MEMBERS. AS OF DECEMBER 31, 2022 THERE WERE APPROXIMATELY 3,279 MEMBERS ELIGIBLE TO RECEIVE SUCH BENEFITS.

As filed on the 2022 return.

Listed in Part VII

  • The Northern Trust Company

    INSTITUTIONAL TRUSTEE

    Total calculated
    $7,500
    From this org
    $7,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • EXELON BUSINESS SERVICES CO LLC

    PROVIDES SUPPORT TO OPERATING COMPANIES · DE

    Directly controlled by EXELON CORPORATION

  • EXELON GENERATION CO LLC

    POWER GENERATION · PA

    Directly controlled by EXELON CORPORATION

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • EXELON CORPORATION

    C · HOLDING COMPANY · DE

  • COMED

    C · ELECTRIC DISTRIBUTION UTILITY · IL

Assets distributed on this return

Schedule N, as filed: what the organization did with its assets when it liquidated or dissolved, or disposed of more than a quarter of them, and who received them. A recipient with an EIN is usually a successor organization; filers also list expenses such as legal fees here.

Provenance

Return type
form_990
Tax year
2022
Filed
11 November 2023
IRS schema version
2022v5.0
Source object
202303199349305300

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