Peco Energy Company Retiree Medical Trust

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 251755733 ✦ Chicago, IL ✦ Designated as a 501(c)(9)

Overview

What is Peco Energy Company Retiree Medical Trust?

The Peco Energy Company Retiree Medical Trust is a nonprofit organization that offers dental and medical benefits to retired participants and their eligible dependents from both employer and employee contributions. Based in Chicago, Illinois, this trust aims to provide essential health and dental services to eligible retirees, as of December 31, 2022, approximately 2,314 members and their surviving spouses were eligible to receive these benefits. The mission of the trust is to ensure the well-being of its members by delivering on its commitment to offer these crucial benefits.


Is Peco Energy Company Retiree Medical Trust legitimate?

Peco Energy Company Retiree Medical Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. Peco Energy Company Retiree Medical Trust submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are not tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $38,151
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


What is the mission statement of Peco Energy Company Retiree Medical Trust?
Who is the CEO of Peco Energy Company Retiree Medical Trust?
What is the revenue of Peco Energy Company Retiree Medical Trust?
Who are the executives of Peco Energy Company Retiree Medical Trust and what are their salaries?
Where can I find the form 990 for Peco Energy Company Retiree Medical Trust?

Mission Statement of Peco Energy Company Retiree Medical Trust

The Peco Energy Company Retiree Medical Trust is a dedicated organization committed to providing essential health and dental benefits to eligible retirees and their dependents. Established to cater to the post-employment needs of retired participants, this trust ensures that they continue to have access to crucial medical and dental coverage. As of December 31, 2022, approximately 2,314 members and their surviving spouses were eligible to avail of these benefits. The trust's mission is geared towards securing the well-being of retired individuals by offering them continued access to comprehensive medical and dental coverage, thereby ensuring they maintain their overall health and well-being in their golden years. The trust's contributions stem from a combination of employer and employee commitments, further solidifying its commitment to the welfare of its members.

Impact

This information is meant to be a general summary of Peco Energy Company Retiree Medical Trust. Please take the time to review official sources before making any decisions based upon the content provided here.




Thursday, August 15, 2024

Peco Energy Company Retiree Medical Trust's impact is significant as it provides crucial health and dental benefits to eligible retirees and their dependents. By offering these essential benefits, the trust plays a vital role in supporting the well-being and quality of life of retired members and their families. With approximately 2,314 members eligible to receive such benefits, the trust is instrumental in ensuring access to necessary healthcare services for retirees, contributing to their overall health and financial security.





Financials

This financial information is from Propublica.

Revenue
Expenses
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $19,881,957
  • Program Service Revenue: $7,534,683
  • Gross Receipts: $93,932,854

    • Assets and Liabilities:
  • Total Assets: $184,537,420
  • Total Liabilities: $1,840,638
  • Net Assets: $182,696,782
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    PARTICIPANT CONTRIBUTIONS

    Revenue

    $4,083,099

    EMPLOYER CONTRIBUTIONS

    Revenue

    $3,451,584

    Organization Details

    Founding Year

    1995

    Principal Officer

    Jennifer Franco

    Main Address

    10 SOUTH DEARBORN 51ST FLOOR, CHICAGO, IL, 60603

    NTEE Category

    Code: Y40 - Mutual benefit

    If you are a representative of Peco Energy Company Retiree Medical Trust and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.