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 tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $85,988
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Pepco Holdings Inc Veba Trust?
The Pepco Holdings Inc Veba Trust is devoted to ensuring the payment of health and welfare benefits for a total of 5,244 retirees and their surviving spouses. This organization prioritizes the provision of essential benefits to this specific group, focusing on their health and wellbeing. The trust's primary mission is to maintain financial security for these individuals, enabling them to access necessary healthcare services and maintain a decent standard of living in their retirement years. The trust's efforts aim to provide peace of mind and stability, allowing retirees to focus on their health and wellbeing, rather than the financial burden of healthcare costs.
Who is the CEO of Pepco Holdings Inc Veba Trust?
Jennifer Franco is the Trustee of Pepco Holdings Inc Veba Trust.
What is the revenue of Pepco Holdings Inc Veba Trust?
Pepco Holdings Inc Veba Trust's revenue in 2022 was $26,820,848.
Who are the executives of Pepco Holdings Inc Veba Trust and what are their salaries?
There is 1 key member and their salary:
- Compensation: $85,988
- Related: $0
- Other: $0
Where can I find the form 990 for Pepco Holdings Inc Veba Trust?
Pepco Holdings Inc Veba Trust's most recent form 990 was submitted in 2022 and can be accessed here.
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.
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Impact
October, 2024
Pepco Holdings Inc Veba Trust plays a significant role in ensuring the well-being of retirees and their families. By providing for the payment of health and welfare benefits, the trust supports 5,244 retirees and their surviving spouses, alleviating financial burdens related to healthcare. This assistance is crucial in maintaining the quality of life for these individuals, many of whom rely on these benefits for medical expenses and related needs. Operating from Chicago, Illinois, the trust focuses on mutual benefit, promoting stability and security for its beneficiaries. The impact of such support extends beyond individual recipients, contributing to a healthier, more secure community overall.
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.
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: $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
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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
Phone
(312) 394-4107Principal Officer
Jennifer Franco
Main Address
10 SOUTH DEARBORN 51ST FLOOR, CHICAGO, IL, 60603
NTEE Category
Code: Y43 - Mutual benefit
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