Pepco Holdings Inc Veba Trust

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

EIN: 510385292 ✦ Chicago, IL ✦ Designated as a 501(c)(9)

Overview

What is Pepco Holdings Inc Veba Trust?

Pepco Holdings Inc Veba Trust is a nonprofit organization based in Chicago, Illinois. Its primary mission is to ensure the provision of health and welfare benefits to approximately 5,244 retirees and their surviving spouses. The trust is dedicated to meeting the needs of these individuals, contributing significantly to their wellbeing.


Is Pepco Holdings Inc Veba Trust legitimate?

Pepco Holdings Inc Veba Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. Pepco Holdings Inc Veba 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: $85,988
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


What is the mission statement of Pepco Holdings Inc Veba Trust?
Who is the CEO of Pepco Holdings Inc Veba Trust?
What is the revenue of Pepco Holdings Inc Veba Trust?
Who are the executives of Pepco Holdings Inc Veba Trust and what are their salaries?
Where can I find the form 990 for Pepco Holdings Inc Veba Trust?

Mission Statement of Pepco Holdings Inc Veba Trust

Pepco Holdings Inc Veba Trust, a vital organization, is dedicated to ensuring the well-being of its beneficiaries by providing them with essential health and welfare benefits. With a clear mission in mind, this trust has been making a significant difference in the lives of 5,244 retirees and their surviving spouses.

The trust's primary focus lies in managing and disbursing funds aimed at meeting the health and welfare needs of its beneficiaries. Through its unwavering commitment, it has been able to offer crucial benefits that contribute to the overall well-being and peace of mind of those it serves. By providing these essential services, Pepco Holdings Inc Veba Trust continues to uphold its promise to make a positive impact on the lives of its retirees and their families.

Impact

This information is meant to be a general summary of Pepco Holdings Inc Veba Trust. Please take the time to review official sources before making any decisions based upon the content provided here.




Thursday, August 15, 2024

Pepco Holdings Inc Veba Trust has a significant impact on providing health and welfare benefits to its retirees and their surviving spouses. The trust ensures that over 5,000 individuals have access to essential healthcare services and support, contributing to their well-being and financial security during retirement. This support helps to alleviate the burden of medical expenses and promotes overall quality of life for the beneficiaries.





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: $15,396,328
  • Program Service Revenue: $11,424,520
  • Gross Receipts: $121,851,635

    • Assets and Liabilities:
  • Total Assets: $310,801,848
  • Total Liabilities: $9,490,328
  • Net Assets: $301,311,520
  • Programs

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

    EMPLOYER CONTRIBUTIONS

    Revenue

    $8,731,461

    EMPLOYEE CONTRIBUTIONS

    Revenue

    $2,693,059

    Organization Details

    Founding Year

    1998

    Principal Officer

    Jennifer Franco

    Main Address

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

    NTEE Category

    Code: Y43 - Mutual benefit

    If you are a representative of Pepco Holdings Inc Veba 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.