Overview
What is Exelon Corporation Employees' Benefit Trust C/O Accounting Operations?
The Exelon Corporation Employees' Benefit Trust is a nonprofit organization based in Chicago, Illinois, dedicated to offering healthcare benefits to its members and their dependents. With approximately 30,318 eligible members as of December 31, 2019, the trust provides coverage for medical, dental, and vision care expenses. Its mission is to ensure the wellbeing of its members by managing and funding their healthcare needs.
What are the reviews and ratings of this charity?
The Exelon Corporation Employees' Benefit Trust CO Accounting Operations is not currently rated by Charity Navigator. This absence of a rating doesn't necessarily imply a negative or positive assessment but indicates that it hasn't been evaluated based on standard criteria due to its non-501(c)(3) status. Charity Navigator typically requires organizations to have certain beacons such as Accountability & Finance or Impact & Measurement for a formal rating, which this Trust does not meet.
As a non-501(c)(3) organization, it doesn't qualify for the usual evaluation processes that apply to tax-exempt entities where donations are tax-deductible. This classification limits available evaluative data such as total revenue, expenses, and salary of key persons, which hampers comprehensive comparisons with rated charities. Hence, Charity Navigator's standard methodologies weren't applicable.
There are no user reviews available on GreatNonprofits to provide further insight into stakeholder experiences or feedback. Consequently, no qualitative data from personal stories or reviews can be presented, leaving the overall public perception largely undocumented.
This AI summary has been generated from information found on Charity Navigator.
Is Exelon Corporation Employees' Benefit Trust C/O Accounting Operations legitimate?
Exelon Corporation Employees' Benefit Trust C/O Accounting Operations is a legitimate nonprofit organization registered as a 501(c)(9) entity. Exelon Corporation Employees' Benefit Trust C/O Accounting Operations 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 tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $58,326
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Exelon Corporation Employees' Benefit Trust C/O Accounting Operations?
The Exelon Corporation Employees' Benefit Trust is an organization committed to extending healthcare benefits to its members and their dependents. Through this initiative, the trust covers medical, dental, and vision care expenses. As of December 31, 2019, there were around 30,000 members eligible for these benefits. The trust's primary objective is to ensure the well-being of its members by managing and funding their healthcare needs.
Who is the CEO of Exelon Corporation Employees' Benefit Trust C/O Accounting Operations?
Jennifer Franco is the Institutional Trustee of Exelon Corporation Employees' Benefit Trust C/O Accounting Operations.
What is the revenue of Exelon Corporation Employees' Benefit Trust C/O Accounting Operations?
Exelon Corporation Employees' Benefit Trust C/O Accounting Operations's revenue in 2022 was $336,735,319.
Who are the executives of Exelon Corporation Employees' Benefit Trust C/O Accounting Operations and what are their salaries?
There is 1 key member and their salary:
- Compensation: $58,326
- Related: $0
- Other: $0
Where can I find the form 990 for Exelon Corporation Employees' Benefit Trust C/O Accounting Operations?
Exelon Corporation Employees' Benefit Trust C/O Accounting Operations's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Exelon Corporation Employees' Benefit Trust C/O Accounting Operations
The Exelon Corporation Employees' Benefit Trust is a dedicated organization that focuses on extending healthcare benefits to its members and their dependents. Established to cater to the health needs of its community, this trust assumed the responsibility of financing medical, dental, and vision care coverage as of December 31, 2019. With a membership of approximately 30,318 individuals, the Trust ensures that its beneficiaries have access to essential health services.
In simple terms, the Exelon Corporation Employees' Benefit Trust functions as a vital safety net for its members, providing them with the necessary financial support to secure their medical, dental, and vision care. By taking care of these benefits, the Trust enables its members to prioritize their health and wellbeing, ultimately contributing to their overall quality of life.
The Trust's mission is deeply rooted in the belief that healthcare is a fundamental right and a crucial aspect of individual and family well-being. With a strong commitment to this cause, the organization strives to make healthcare benefits accessible to its members, ensuring they can address their health needs effectively. By financing these benefits, the Exelon Corporation Employees' Benefit Trust offers a crucial lifeline to its members, promoting healthier communities and a more robust workforce.
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Impact
October, 2024
Exelon Corporation Employees' Benefit Trust C/O Accounting Operations plays a critical role in the healthcare landscape by providing essential medical, dental, and vision care benefits to its members and their families. With approximately 30,318 eligible members, the trust significantly impacts the health and well-being of a large group of individuals, ensuring they have access to necessary healthcare services. Located in Chicago, IL, the trust contributes to the overall financial security and health of its members, fostering a supportive community where employees can achieve better health outcomes. This benefit system promotes a healthier workforce, ultimately contributing to greater productivity and morale within the Exelon Corporation.
This information is meant to be a general summary of Exelon Corporation Employees' Benefit Trust C/O Accounting Operations. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $430,527
- Program Service Revenue: $336,304,792
- Gross Receipts: $336,735,319
Assets and Liabilities:
- Total Assets: $65,147,624
- Total Liabilities: $2,300,351
- Net Assets: $62,847,273
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYER CONTRIBUTIONS
Revenue
$265,181,608
PARTICIPANT CONTRIBUTIONS
Revenue
$71,123,184
Organization Details
Founding Year
1940
Phone
(312) 394-4107Principal Officer
Jennifer Franco
Main Address
10 SOUTH DEARBORN 51ST FLOOR, CHICAGO, IL, 60603
NTEE Category
Code: Y40 - Mutual benefit
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