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← EXELON CORPORATION EMPLOYEES BENEFIT TRUST FOR UNION EMPLOYEES

Form 990 for tax year 2024

Filed by EXELON CORPORATION EMPLOYEES BENEFIT TRUST FOR UNION EMPLOYEES.

Totals

Total revenue
$36,402,093
Total expenses
$59,210,196
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$7,503,672
Investment income
$28,898,421
Other revenue
$0
Total assets, end of year
$709,236,121
Total liabilities, end of year
$6,667,196
Net assets or fund balances, end of year
$702,568,925
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: EMPLOYEE CONTRIBUTIONS

    total $7,503,672 · related or exempt $7,503,672

  • 3 · Investment income

    total $12,814,377 · related or exempt $12,814,377

  • 7a · Gross sales of assets other than inventory

    securities $547,808,971

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

    securities $531,724,927

  • 7c · Gain or loss

    securities $16,084,044

  • 7d · Net gain or loss

    total $16,084,044 · related or exempt $16,084,044

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $56,000,927

  • 5 · Compensation of officers, directors and key employees

    total $37,713

  • 11b · Fees: legal

    total $29,355

  • 11c · Fees: accounting

    total $14,344

  • 11f · Fees: investment management

    total $994,628

  • 11g · Fees: other

    total $113,671

  • 24a · Other expenses: CONTRACT ADMINISTRATOR

    total $1,133,688

  • 24b · Other expenses: RECORD KEEPING

    total $552,784

  • 24c · Other expenses: ADMINISTRATOR

    total $301,350

  • 24d · Other expenses: OTHER EXPENSES

    total $31,736

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $163,974 · end of year $143,055

  • 2 · Savings and temporary cash investments

    beginning of year $9,570,765 · end of year $7,375,508

  • 4 · Accounts receivable

    beginning of year $2,398,908 · end of year $1,979,165

  • 11 · Investments: publicly traded securities

    beginning of year $403,891,877 · end of year $386,006,413

  • 12 · Investments: other securities

    beginning of year $290,630,573 · end of year $313,731,980

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,567,402 · end of year $1,405,342

  • 25 · Other liabilities

    beginning of year $4,200,907 · end of year $5,261,854

  • 29 · Capital stock, trust principal or current funds

    beginning of year $700,887,788 · end of year $702,568,925

  • 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 · 2024

Mission

THE CORPORATION HAS CREATED THIS 501(C)(9) TAX-EXEMPT TRUST OF A VOLUNTARY EMPLOYEES BENEFICIARY ASSOCIATION (VEBA). THE FUNDAMENTAL PURPOSE OF THE ASSOCIATION IS TO PROVIDE HEALTH BENEFITS TO RETIRED ELIGIBLE UNION EMPLOYEES OF THE CORPORATION.

Activities or mission (Part I)

TO PROVIDE HEALTH CARE BENEFITS TO THE PARTICIPATING MEMBERS OF THE VEBA.

  • THE VEBA TRUST PROVIDED BENEFITS FOR APPROXIMATELY 2,310 RETIRED UNION EMPLOYEE PARTICIPANTS AND THEIR SURVIVING SPOUSES FROM MEMBER AND EMPLOYER CONTRIBUTIONS.

As filed on the 2024 return.

Listed in Part VII

  • The Northern Trust Company

    INSTITUTIONAL TRUSTEE

    Total calculated
    $37,713
    From this org
    $37,713
    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.

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.

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 GENERATION CO LLC

    POWER GENERATION · PA

    Directly controlled by EXELON CORPORATION

  • EXELON BUSINESS SERVICES CO LLC

    SUPPORT SERVICES · DE

    Directly controlled by EXELON CORPORATION

  • CNE GAS HOLDINGS LLC

    POWER GENERATION · KY

    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

  • CONSTELLATION POWER INC

    C · POWER GENERATION · MD

Provenance

Return type
form_990
Tax year
2024
Filed
12 November 2025
IRS schema version
2024v5.2
Source object
202523179349305842

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