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Nonprofiteer
← EXELON CORPORATION EMPLOYEES BENEFIT TRUST

Form 990 for tax year 2023

Filed by EXELON CORPORATION EMPLOYEES BENEFIT TRUST.

Totals

Total revenue
$336,612,349
Total expenses
$316,771,118
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$334,868,566
Investment income
$1,743,783
Other revenue
$0
Total assets, end of year
$76,679,073
Total liabilities, end of year
$1,349,569
Net assets or fund balances, end of year
$75,329,504
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: EMPLOYER CONTRIBUTIONS

    total $262,785,813 · related or exempt $262,785,813

  • 2b · Program service revenue: PARTICIPANT CONTRIBUTIONS

    total $72,082,753 · related or exempt $72,082,753

  • 3 · Investment income

    total $1,743,783 · related or exempt $319,342 · unrelated business $1,424,441

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $300,388,075

  • 5 · Compensation of officers, directors and key employees

    total $57,997

  • 11b · Fees: legal

    total $328,995

  • 11c · Fees: accounting

    total $42,348

  • 11g · Fees: other

    total $492,656

  • 24a · Other expenses: CONTRACT ADMINISTRATOR

    total $11,906,113

  • 24b · Other expenses: RECORD KEEPING

    total $2,566,851

  • 24c · Other expenses: UBI TAX

    total $570,000

  • 24d · Other expenses: ADMINISTRATIVE EXPENSES

    total $418,083

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $38,080,092 · end of year $51,518,029

  • 4 · Accounts receivable

    beginning of year $19,474,068 · end of year $17,937,594

  • 6 · Loans and receivables from disqualified persons

    beginning of year $5,946,464 · end of year $5,576,450

  • 15 · Other assets

    beginning of year $1,647,000 · end of year $1,647,000

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,300,351 · end of year $1,349,569

  • 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 $62,847,273 · end of year $75,329,504

Mission and programs · 2023

Mission

TO PROVIDE HEALTHCARE BENEFITS TO MEMBERS.

Activities or mission (Part I)

PROVIDE HEALTHCARE BENEFITS TO MEMBERS.

  • PAYMENT OF MEDICAL, DENTAL, AND VISION CARE BENEFITS FOR MEMBERS AND THEIR DEPENDENTS. AS OF DECEMBER 31, 2023, THERE WERE APPROXIMATELY 18,342 MEMBERS ELIGIBLE TO RECEIVE BENEFITS. 3,359 OF THESE PARTICIPANTS ARE ALSO MEMBERS OF A COLLECTIVE BARGAINING UNIT.

As filed on the 2023 return.

Listed in Part VII

  • The Northern Trust Company

    INSTITUTIONAL TRUSTEE

    Total calculated
    $57,997
    From this org
    $57,997
    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 NUCLEAR SECURITY LLC

    SECURITY TO EXELON'S NUCLEAR POWER PLANTS · DE

    Directly controlled by EXELON CORPORATION

  • EXELON BUSINESS SERVICES CO LLC

    PROVIDES SUPPORT TO OPERATING COMPANIES · DE

    Directly controlled by EXELON CORPORATION

  • EXELON WIND LLC

    POWER GENERATION · DE

    Directly controlled by EXELON CORPORATION

  • EXELON TEXAS POWER SERVICES LLC

    POWER GENERATION · DE

    Directly controlled by EXELON CORPORATION

  • CNE GAS HOLDINGS LLC

    POWER GENERATION · KY

    Directly controlled by EXELON CORPORATION

  • CONSTELLATION MYSTIC POWER LLC

    POWER GENERATION · DE

    Directly controlled by EXELON CORPORATION

  • CER GENERATION (HILLABEE) LLC

    POWER GENERATION · DE

    Directly controlled by EXELON CORPORATION

  • CONSTELLATION POWER SOURCE GENERATION INC

    POWER GENERATION · MD

    Directly controlled by EXELON CORPORATION

  • GINNA NUCLEAR PWR PLT LLC

    POWER GENERATION · MD

    Directly controlled by EXELON CORPORATION

  • NINE MILE NUCLEAR POWER STAT

    POWER GENERATION · DE

    Directly controlled by EXELON CORPORATION

  • CALVERT CLIFFS NUC PW PLT LLC

    ENERGY SERVICES · MD

    Directly controlled by EXELON CORPORATION

  • BALTIMORE GAS AND ELECTRIC HOME PRODUCTS & SERVICES LLC

    POWER GENERATION · DE

    Directly controlled by EXELON CORPORATION

  • PEPCO HOLDINGS LLC

    HOLDING COMPANY · DE

    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

  • BALTIMORE GAS AND ELECTRIC CO

    C · ELECTRIC DISTRIBUTION UTILITY · MD

  • CONSTELLATION POWER INC

    C · POWER GENERATION · MD

  • COSI SUNNYSIDE INC

    C · POWER GENERATION · MD

  • EXELON POWER LABS

    C · POWER GENERATION · PA

  • PECO ENERGY COMPANY

    C · ELECTRIC DISTRIBUTION UTILITY · PA

  • EXELON ENERGY COMPANY

    C · ELECTRIC DISTRIBUTION UTILITY AND RELATED SERVICES · DE

  • POTOMAC ELECTRIC POWER CO

    C · ELECTRIC DISTRIBUTION UTILITY · VA

  • DELMARVA POWER & LIGHT CO

    C · POWER GENERATION · DE

  • ATLANTIC CITY ELECTRIC CO

    C · ELECTRIC DISTRIBUTION UTILITY · NJ

Provenance

Return type
form_990
Tax year
2023
Filed
12 November 2024
IRS schema version
2023v5.1
Source object
202423209349305567

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