Skip to content
Nonprofiteer
← EXELON CORPORATION MUTUAL BENEFIT ASSOCIATION TRUST

Form 990 for tax year 2023

Filed by EXELON CORPORATION MUTUAL BENEFIT ASSOCIATION TRUST.

Totals

Total revenue
$8,726,272
Total expenses
$8,626,722
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$8,698,087
Investment income
$28,185
Other revenue
$0
Total assets, end of year
$622,083
Total liabilities, end of year
$4,720,708
Net assets or fund balances, end of year
-$4,098,625
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 $4,350,418 · related or exempt $4,350,418

  • 2b · Program service revenue: EMPLOYER CONTRIBUTIONS

    total $4,347,669 · related or exempt $4,347,669

  • 3 · Investment income

    total $28,185 · related or exempt $28,185

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $8,594,882

  • 5 · Compensation of officers, directors and key employees

    total $7,500

  • 11c · Fees: accounting

    total $16,650

  • 11g · Fees: other

    total $2,342

  • 24a · Other expenses: BANK FEES

    total $5,348

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $393,369 · end of year $614,816

  • 3 · Pledges and grants receivable

    beginning of year $3,190 · end of year $3,500

  • 6 · Loans and receivables from disqualified persons

    beginning of year $3,191 · end of year $3,767

  • 17 · Accounts payable and accrued expenses

    beginning of year $4,597,925 · end of year $4,720,708

  • 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 -$4,198,175 · end of year -$4,098,625

Mission and programs · 2023

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, 2023 THERE WERE APPROXIMATELY 3,418 MEMBERS ELIGIBLE TO RECEIVE SUCH BENEFITS.

As filed on the 2023 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

Provenance

Return type
form_990
Tax year
2023
Filed
12 November 2024
IRS schema version
2023v5.1
Source object
202423209349305547

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.