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← EDISON ELECTRIC INSTITUTE RETIREE MED VOL EMPLOYEE BENEFICIARY ASSN

Form 990 for tax year 2023

Filed by EDISON ELECTRIC INSTITUTE RETIREE MED VOL EMPLOYEE BENEFICIARY ASSN.

Totals

Total revenue
$1,750,255
Total expenses
$556,671
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$155,589
Investment income
$1,594,666
Other revenue
$0
Total assets, end of year
$30,699,779
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$30,699,779
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 CONTRIBUTIONS

    total $155,589 · related or exempt $155,589

  • 3 · Investment income

    total $755,332 · excluded $755,332

  • 7a · Gross sales of assets other than inventory

    securities $10,221,629

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

    securities $9,382,295

  • 7c · Gain or loss

    securities $839,334

  • 7d · Net gain or loss

    total $839,334 · excluded $839,334

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $477,894

  • 11f · Fees: investment management

    total $78,777

Balance sheet

Part X, book values.

  • 11 · Investments: publicly traded securities

    beginning of year $27,928,839 · end of year $30,699,779

  • 29 · Capital stock, trust principal or current funds

    beginning of year $27,928,839 · end of year $30,699,779

  • 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

PROVIDE RETIREE MEDICAL BENEFITS AND LIFE INSURANCE.

  • PROVISION OF RETIREE MEDICAL BENEFITS AND LIFE INSURANCE.

As filed on the 2023 return.

Listed in Part VII

  • John Schlenker

    ADMINISTRATOR

    Total calculated
    $1,093,621
    From this org
    $0
    From related orgs
    $855,797
    Other
    $237,824
    Hours/week
    0.1 + 44 related

    Schedule J breakdown matched by us

    Base
    $0 + $319,538 related
    Bonus
    $0 + $138,000 related
    Other
    $0 + $398,259 related
    Deferred
    $0 + $208,601 related
    Nontaxable benefits
    $0 + $29,223 related
    Filer's total
    $0 + $1,093,621 related

  • Emily Fisher

    ADMINISTRATOR

    Total calculated
    $956,672
    From this org
    $0
    From related orgs
    $807,649
    Other
    $149,023
    Hours/week
    0.1 + 44 related

    Schedule J breakdown matched by us

    Base
    $0 + $540,088 related
    Bonus
    $0 + $263,000 related
    Other
    $0 + $4,561 related
    Deferred
    $0 + $131,732 related
    Nontaxable benefits
    $0 + $17,291 related
    Filer's total
    $0 + $956,672 related

  • Courtney Peterson

    ADMINISTRATOR

    Total calculated
    $554,149
    From this org
    $0
    From related orgs
    $488,899
    Other
    $65,250
    Hours/week
    0.1 + 42 related

    Schedule J breakdown matched by us

    Base
    $0 + $337,868 related
    Bonus
    $0 + $145,000 related
    Other
    $0 + $6,031 related
    Deferred
    $0 + $46,280 related
    Nontaxable benefits
    $0 + $18,970 related
    Filer's total
    $0 + $554,149 related

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4c · Equity-based compensation arrangement

The filer's explanations (Part III)

PART I, LINES 4A-B
JOHN SCHLENKER, CHIEF FINANCIAL OFFICER, RECEIVED $342,784 SEVERANCE PAY UPON HIS RETIREMENT AFTER 30 YEARS OF SERVICE. IN ADDITION TO THE BENEFITS LISTED ABOVE IN PART I, LINE 4B, THE EDISON ELECTRIC INSTITUTE PROVIDES NON-QUALIFIED DEFERRED COMPENSATION PLANS FOR ELIGIBLE MANAGEMENT EMPLOYEES. CURRENT YEAR AMOUNTS ARE INCLUDED IN SCH J, PART II, COLUMN (C). FOR A FROZEN GROUP OF ELIGIBLE MANAGEMENT EMPLOYEES, THESE NON-QUALIFIED PLAN BENEFITS ARE VESTED ONE YEAR AFTER SEPARATION FROM SERVICE FROM EEI PROVIDED THE EMPLOYEE SEPARATES ON OR AFTER ATTAINING AGE 55 AND COMPLETING FIVE OR MORE YEARS OF SERVICE OR ATTAINING AGE 65 AND SATISFYING THE RESTRICTIVE COVENANTS OF A CONFIDENTIAL INFORMATION, NON-COMPETITION AND NON-SOLICITATION AGREEMENT. FOR A SECOND GROUP OF ELIGIBLE MANAGEMENT EMPLOYEES, THE NON-QUALIFIED PLAN BENEFITS ARE VESTED ON THE ELIGIBLE EMPLOYEE'S RETIREMENT DATE WHICH OCCURS ON OR AFTER ATTAINING THE AGE OF 55 AND COMPLETING FIVE OR MORE YEARS OF SERVICE OR ATTAINING THE AGE OF 65. EMILY FISHER - $111,620 JOHN SCHLENKER - $221,745 COURTNEY PETERSON - $14,580
PART I, LINE 3
ALL OFFICERS RECEIVED COMPENSATION FROM EDISON ELECTRIC INSTITUTE WHICH USED THE FOLLOWING METHODS TO DETERMINE COMPENSATION: -COMPENSATION COMMITTEE -INDEPENDENT COMPENSATION CONSULTANT -FORM 990 OF OTHER ORGANIZATIONS -COMPENSATION SURVEY OR STUDY -APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
13 November 2024
IRS schema version
2023v5.1
Source object
202403209349320935

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