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← PORTLAND GENERAL ELECTRIC COMPANY VEBA FOR HEALTH REIMBURSEMENT ARRA

Form 990 for tax year 2023

Filed by PORTLAND GENERAL ELECTRIC COMPANY VEBA FOR HEALTH REIMBURSEMENT ARRA.

Totals

Total revenue
$1,733,752
Total expenses
$1,722,486
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$1,287,856
Investment income
$443,354
Other revenue
$2,542
Total assets, end of year
$13,875,059
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$13,875,059
Program services expenses (Part IX)
$1,722,486
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 100.0% 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 CONTRIBUTION

    total $1,287,856 · related or exempt $1,287,856

  • 3 · Investment income

    total $431,040 · excluded $431,040

  • 7a · Gross sales of assets other than inventory

    securities $12,314

  • 7c · Gain or loss

    securities $12,314

  • 7d · Net gain or loss

    total $12,314 · excluded $12,314

  • 11a · Other revenue: OTHER INCOME

    total $2,542 · related or exempt $2,542

  • 11e · Other revenue, total

    $2,542

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $1,695,311 · program services $1,695,311

  • 5 · Compensation of officers, directors and key employees

    total $5,000 · program services $5,000

  • 11c · Fees: accounting

    total $1,533 · program services $1,533

  • 24a · Other expenses: CONSULTING FEES

    total $15,721 · program services $15,721

  • 24b · Other expenses: FOREIGN TAX PAID

    total $4,921 · program services $4,921

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $3,731,516 · end of year $3,477,162

  • 11 · Investments: publicly traded securities

    beginning of year $10,135,421 · end of year $10,397,897

  • 29 · Capital stock, trust principal or current funds

    beginning of year $13,866,937 · end of year $13,875,059

Mission and programs · 2023

Mission

PROVIDE PAYMENT OF HEALTH BENEFIT CLAIMS TO EMPLOYEES COVERED ON COLLECTIVELY BARGAINED PLAN

  • PROVIDE PAYMENT OF HEALTH BENEFIT CLAIMS TO EMPLOYEES COVERED ON COLLECTIVELY BARGAINED PLAN

As filed on the 2023 return.

Listed in Part VII

  • Principal Financial Group

    TRUSTEE

    Total calculated
    $5,000
    From this org
    $5,000
    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.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • PACIFIC GAS AND ELECTRIC

    C corp · UTILITIES · CA

Provenance

Return type
form_990
Tax year
2023
Filed
2 April 2024
IRS schema version
2023v5.0
Source object
202401279349301720

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