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← XCEL ENERGY INC VOLUNTARY EMPLOYEES BENEFCIARY TRUST FOR ACTIVE EMPLOY

Form 990 for tax year 2023

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

Totals

Total revenue
$209,228,333
Total expenses
$205,660,846
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$198,189,843
Investment income
$649,440
Other revenue
$10,389,050
Total assets, end of year
$44,203,759
Total liabilities, end of year
$169,272
Net assets or fund balances, end of year
$44,034,487
Program services expenses (Part IX)
$203,920,627
Management and general expenses
$1,740,219
Fundraising expenses
$0
Program service expenses (Part III)
$203,920,627

Program services were 99.2% 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 $198,189,843 · related or exempt $198,189,843

  • 3 · Investment income

    total $649,440 · excluded $649,440

  • 11a · Other revenue: OTHER CASH RECEIPTS

    total $10,389,050 · related or exempt $10,389,050

  • 11e · Other revenue, total

    $10,389,050

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $203,920,627 · program services $203,920,627

  • 5 · Compensation of officers, directors and key employees

    total $9,025 · management and general $9,025

  • 11g · Fees: other

    total $1,740,884 · management and general $1,740,884

  • 24e · All other expenses

    total -$9,690 · management and general -$9,690

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $9,200,588 · end of year $16,667,524

  • 4 · Accounts receivable

    beginning of year $24,724,417 · end of year $17,360,802

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,186,537 · end of year $1,249,565

  • 15 · Other assets

    beginning of year $6,960,842 · end of year $8,925,868

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,605,384 · end of year $169,272

  • 29 · Capital stock, trust principal or current funds

    beginning of year $40,467,000 · end of year $44,034,487

  • 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 · 2023

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 $203,920,627 · Revenue $208,578,893

As filed on the 2023 return.

Listed in Part VII

  • Principal Trust Company

    TRUSTEE

    Total calculated
    $9,025
    From this org
    $9,025
    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
2023
Filed
12 November 2024
IRS schema version
2023v5.1
Source object
202443209349304144

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