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Nonprofiteer
← XCEL ENERGY INC VEBA TRUST FOR RETIRED EMPLOYEES

Form 990 for tax year 2024

Filed by XCEL ENERGY INC VEBA TRUST FOR RETIRED EMPLOYEES.

Totals

Total revenue
$41,274,997
Total expenses
$64,477,167
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$14,987,709
Investment income
$12,112,315
Other revenue
$14,174,973
Total assets, end of year
$349,141,962
Total liabilities, end of year
$325,428
Net assets or fund balances, end of year
$348,816,534
Program services expenses (Part IX)
$63,176,734
Management and general expenses
$1,300,433
Fundraising expenses
$0
Program service expenses (Part III)
$63,176,734

Program services were 98.0% 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 CONTRIBUTIONS

    total $14,987,709 · related or exempt $14,987,709

  • 3 · Investment income

    total $11,085,267 · unrelated business $694,367 · excluded $10,390,900

  • 7a · Gross sales of assets other than inventory

    securities $4,310,508

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

    securities $3,283,460

  • 7c · Gain or loss

    securities $1,027,048

  • 7d · Net gain or loss

    total $1,027,048 · excluded $1,027,048

  • 11a · Other revenue: OTHER CASH RECEIPTS

    total $14,174,973 · related or exempt $14,174,973

  • 11e · Other revenue, total

    $14,174,973

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $63,176,734 · program services $63,176,734

  • 5 · Compensation of officers, directors and key employees

    total $133,404 · management and general $133,404

  • 11f · Fees: investment management

    total $578,047 · management and general $578,047

  • 11g · Fees: other

    total $237,785 · management and general $237,785

  • 24a · Other expenses: FEDERAL INCOME TAX EXPE

    total $255,000 · management and general $255,000

  • 24b · Other expenses: ALL OTHER EXPENSES

    total $96,197 · management and general $96,197

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $31,398,117 · end of year $31,599,902

  • 4 · Accounts receivable

    beginning of year $655,632 · end of year $810,943

  • 12 · Investments: other securities

    beginning of year $324,402,700 · end of year $311,959,239

  • 15 · Other assets

    beginning of year $5,669,391 · end of year $4,771,878

  • 17 · Accounts payable and accrued expenses

    beginning of year $63,114 · end of year $62,480

  • 25 · Other liabilities

    beginning of year $365,009 · end of year $262,948

  • 29 · Capital stock, trust principal or current funds

    beginning of year $361,697,717 · end of year $348,816,534

  • 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

PAYMENT OF HEALTH AND WELFARE BENEFITS FOR THE RETIREES OF XCEL ENERGY INC. AND ITS SUBSIDIARIES.

  • BENEFITS PAID TO IT'S MEMBERS.

    Expenses $63,176,734 · Revenue $29,162,682

As filed on the 2024 return.

Listed in Part VII

  • Principal Trust Company

    TRUSTEE

    Total calculated
    $133,404
    From this org
    $133,404
    From related orgs
    $0
    Other
    $0
    Hours/week
    0

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.

Provenance

Return type
form_990
Tax year
2024
Filed
13 November 2025
IRS schema version
2024v5.2
Source object
202543219349319804

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