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← XCEL ENERGY INC VOLUNTARY EMPLOYEES BENEFCIARY TRUST FOR ACTIVE EMPLOY

Form 990 for tax year 2022

Filed by XCEL ENERGY INC VOLUNTARY EMPLOYEES BENEFCIARY TRUST FOR ACTIVE EMPLOY.

Totals

Total revenue
$184,499,603
Total expenses
$175,356,216
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$174,835,725
Investment income
$169,402
Other revenue
$9,494,476
Total assets, end of year
$42,072,384
Total liabilities, end of year
$1,605,384
Net assets or fund balances, end of year
$40,467,000
Program services expenses (Part IX)
$172,253,491
Management and general expenses
$3,102,725
Fundraising expenses
$0
Program service expenses (Part III)
$172,253,491

Program services were 98.2% 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/EMPLOYEE CONTRIBUTIONS

    total $174,835,725 · related or exempt $174,835,725

  • 3 · Investment income

    total $169,402 · excluded $169,402

  • 11a · Other revenue: OTHER CASH RECEIPTS

    total $9,494,476 · related or exempt $9,494,476

  • 11e · Other revenue, total

    $9,494,476

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $172,253,491 · program services $172,253,491

  • 5 · Compensation of officers, directors and key employees

    total $16,822 · management and general $16,822

  • 11g · Fees: other

    total $3,088,213 · management and general $3,088,213

  • 24e · All other expenses

    total -$2,310 · management and general -$2,310

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $8,486,361 · end of year $9,200,588

  • 4 · Accounts receivable

    beginning of year $16,606,078 · end of year $24,724,417

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,138,030 · end of year $1,186,537

  • 15 · Other assets

    beginning of year $3,484,681 · end of year $6,960,842

  • 17 · Accounts payable and accrued expenses

    beginning of year $98,648 · end of year $1,605,384

  • 29 · Capital stock, trust principal or current funds

    beginning of year $29,616,502 · end of year $40,467,000

  • 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 $0 · end of year $0

Mission and programs · 2022

Mission

PAYMENT OF HEALTH AND WELFARE BENEFITS FOR THE ACTIVE EMPLOYEES OF XCEL ENERGY INC. AND ITS SUBSIDIARIES.

  • BENEFITS PAID TO OR FOR ITS MEMBERS

    Expenses $172,253,491 · Revenue $184,330,201

As filed on the 2022 return.

Listed in Part VII

  • Principal Trust Company

    TRUSTEE

    Total calculated
    $16,822
    From this org
    $16,822
    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.

Provenance

Return type
form_990
Tax year
2022
Filed
13 November 2024
IRS schema version
2022v5.0
Source object
202403199349318010

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