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 tax deductible.
Heare 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?
The Peco Energy Company Retiree Medical Trust is dedicated to extending health and dental benefits to eligible retirees and their dependents. The Trust, which serves approximately 2,314 members and their surviving spouses as of December 31, 2022, facilitates the receipt of these essential benefits through a combination of employer and employee contributions. By focusing on the provision of medical and dental care, the Trust plays a vital role in ensuring the well-being of retired participants.
Who is the CEO of Peco Energy Company Retiree Medical Trust?
Jennifer Franco is the Institutional Trustee of Peco Energy Company Retiree Medical Trust.
What is the revenue of Peco Energy Company Retiree Medical Trust?
Peco Energy Company Retiree Medical Trust's revenue in 2022 was $27,416,640.
Who are the executives of Peco Energy Company Retiree Medical Trust and what are their salaries?
There is 1 key member and their salary:
- Compensation: $38,151
- Related: $0
- Other: $0
Where can I find the form 990 for Peco Energy Company Retiree Medical Trust?
Peco Energy Company Retiree Medical Trust's most recent form 990 was submitted in 2022 and can be accessed here.
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.
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Impact
October, 2024
Peco Energy Company Retiree Medical Trust plays a significant role in supporting retirees by providing essential health and dental benefits. The trust ensures that approximately 2,314 eligible members and their surviving spouses receive crucial medical coverage and dental care, funded through contributions from both the employer and the employees. By delivering these benefits, the trust alleviates financial burdens associated with healthcare for retirees, promoting their well-being and security in retirement. This support has a profound impact on the lives of retirees, contributing to their overall quality of life and peace of mind. The trust's commitment to sustaining health benefits highlights the importance of supporting those who have dedicated their careers to the company.
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.
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: $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
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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
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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