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← AMERICAN ELECTRIC POWER SYSTEM EMPLOYEES BENEFIT TR

Form 990 for tax year 2022

Filed by AMERICAN ELECTRIC POWER SYSTEM EMPLOYEES BENEFIT TR.

Totals

Total revenue
$292,729,459
Total expenses
$298,176,799
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$292,225,997
Investment income
$503,462
Other revenue
$0
Total assets, end of year
$33,872,191
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$33,872,191
Program services expenses (Part IX)
$298,176,799
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 100.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

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: EMPLOYER CONTRIBUTIONS

    total $210,677,535 · related or exempt $210,677,535

  • 2b · Program service revenue: EMPLOYEE CONTRIBUTIONS

    total $81,548,462 · related or exempt $81,548,462

  • 3 · Investment income

    total $757,379 · excluded $757,379

  • 7a · Gross sales of assets other than inventory

    securities $2,873,523,551

  • 7b · Less cost or other basis and sales expenses

    securities $2,873,777,468

  • 7c · Gain or loss

    securities -$253,917

  • 7d · Net gain or loss

    total -$253,917 · excluded -$253,917

  • 11a · Other revenue: RECEIVED FROM PLAN ADMIN.

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $280,817,159 · program services $280,817,159

  • 5 · Compensation of officers, directors and key employees

    total $12,760 · program services $12,760

  • 11c · Fees: accounting

    total $62,065 · program services $62,065

  • 11f · Fees: investment management

    total $71,987 · program services $71,987

  • 11g · Fees: other

    total $160,068 · program services $160,068

  • 24a · Other expenses: ADMINISTRATION FEES

    total $10,533,159 · program services $10,533,159

  • 24b · Other expenses: DISTRIBUTIONS TO PLAN ADMINISTRATOR

    total $6,519,601 · program services $6,519,601

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year -$145 · end of year -$28,691

  • 2 · Savings and temporary cash investments

    beginning of year $24,899,510 · end of year $25,978,304

  • 4 · Accounts receivable

    beginning of year $20,623 · end of year $294,116

  • 11 · Investments: publicly traded securities

    beginning of year $14,473,688 · end of year $7,628,462

  • 29 · Capital stock, trust principal or current funds

    beginning of year $39,393,676 · end of year $33,872,191

Mission and programs · 2022

Mission

TO PROVIDE FUNDING FOR OBLIGATIONS FOR MEDICAL, DENTAL, LIFE AND LONG-TERM DISABILITY BENEFITS FOR CURRENT EMPLOYEES (AND THEIR DEPENDENTS) OF AMERICAN ELECTRIC POWER COMPANY, INC. AND ITS AFFILIATES.

  • THE TRUST PROVIDES FUNDING FOR MEDICAL, DENTAL, LIFE AND LONG-TERM DISABILITY BENEFITS FOR CURRENT EMPLOYEES (AND THEIR DEPENDENTS) OF AMERICAN ELECTRIC POWER COMPANY, INC. AND ITS AFFILIATES.

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • The Bank Of New York Mellon

    TRUSTEE (SEE SCHEDULE O)

    Total calculated
    $12,760
    From this org
    $12,760
    From related orgs
    $0
    Other
    $0
    Hours/week
    0

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.

Related corporations and trusts

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

  • AEP ENERGY INC

    C corp · ENERGY · NY

  • AMERICAN ELECTRIC POWER SERVICE CORP

    C corp · MGMT & ADMIN · NY

Provenance

Return type
form_990
Tax year
2022
Filed
10 November 2023
IRS schema version
2022v5.0
Source object
202323149349305597

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