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Pepco Holdings Inc Veba Trust

Organization summary

Type of Nonprofit

Designated as a Voluntary employees' beneficiary associations, which provide payment of life, sickness, accident or other benefits to members.

Category: Mutual/Membership Benefit Organizations, Other / Voluntary Employees Beneficiary Associations (Non-Government) (NTEE)

Donations to this organization are not tax deductible.

Summary charts: organization finances over time

Revenue
$26.8M (2022)

Expenses
$40.2M (2022)

Total Assets
$311M (2022)

Total Liabilities
$9.49M (2022)

Source: Form 990 tax filings from 2011 to 2022

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$26,820,848
Expenses
$40,214,321
Net Income
-$13,393,473
Net Assets
$301,311,520
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $11,424,520
42.6%
Investment Income $7,361,896
27.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $8,034,432
30.0%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $85,988
0.2%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $310,801,848
Total Liabilities $9,490,328
Net Assets $301,311,520
Compensation
Key Employees and Officers Compensation Related Other
The Northern Trust Company (Trustee) $85,988 $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$33,764,470
Expenses
$41,379,391
Net Income
-$7,614,921
Net Assets
$383,094,330
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $11,387,526
33.7%
Investment Income $5,608,310
16.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $16,768,634
49.7%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $85,587
0.2%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $399,424,323
Total Liabilities $16,329,993
Net Assets $383,094,330
Compensation
Key Employees and Officers Compensation Related Other
The Northern Trust Company (Trustee) $85,587 $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$25,158,881
Expenses
$35,176,579
Net Income
-$10,017,698
Net Assets
$371,931,517
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $11,753,680
46.7%
Investment Income $4,458,287
17.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $8,946,914
35.6%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $90,703
0.3%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $380,148,158
Total Liabilities $8,216,641
Net Assets $371,931,517
Compensation
Key Employees and Officers Compensation Related Other
The Northern Trust Company (Trustee) $90,703 $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$13,516,761
Expenses
$38,721,577
Net Income
-$25,204,816
Net Assets
$363,044,289
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $18,089,927
> 100%
Investment Income $6,314,195
46.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$10,887,361
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $88,553
0.2%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $363,689,051
Total Liabilities $644,762
Net Assets $363,044,289
Compensation
Key Employees and Officers Compensation Related Other
The Northern Trust Company (Trustee) $88,553 $0 $0

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$78,341,127
Expenses
$43,041,727
Net Income
$35,299,400
Net Assets
$334,872,067
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $19,280,316
24.6%
Investment Income $7,182,334
9.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $51,878,477
66.2%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $108,799
0.3%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $338,450,530
Total Liabilities $3,578,463
Net Assets $334,872,067
Compensation
Key Employees and Officers Compensation Related Other
The Northern Trust Company (Trustee) $108,799 $0 $0

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$89,914,911
Expenses
$40,834,690
Net Income
$49,080,221
Net Assets
$380,913,377
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $37,020,676
41.2%
Investment Income $7,580,823
8.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $40,177,682
44.7%
Net Inventory Sales $0
Other Revenue $5,135,730
5.7%
Notable Expenses Percent of Total Expenses
Executive Compensation $94,710
0.2%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $386,170,285
Total Liabilities $5,256,908
Net Assets $380,913,377
Compensation
Key Employees and Officers Compensation Related Other
The Northern Trust Company (Trustee) $94,710 $0 $0

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$35,247,194
Expenses
$48,396,686
Net Income
-$13,149,492
Net Assets
$341,145,474
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $15,564,907
44.2%
Investment Income $8,116,415
23.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $11,565,872
32.8%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $59,131
0.1%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $341,489,479
Total Liabilities $344,005
Net Assets $341,145,474
Compensation
Key Employees and Officers Compensation Related Other
The Northern Trust Company (Trustee) $59,131 $0 $0

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$26,872,003
Expenses
$25,354,799
Net Income
$1,517,204
Net Assets
$347,862,325
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $6,110,746
22.7%
Investment Income $8,579,185
31.9%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $12,182,072
45.3%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $64,048
0.3%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $348,279,369
Total Liabilities $417,044
Net Assets $347,862,325

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$25,141,283
Expenses
$28,704,176
Net Income
-$3,562,893
Net Assets
$367,781,156
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $5,181,547
20.6%
Investment Income $10,227,606
40.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $9,732,130
38.7%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $87,378
0.3%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $368,138,086
Total Liabilities $356,930
Net Assets $367,781,156

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$40,674,369
Expenses
$33,988,541
Net Income
$6,685,828
Net Assets
$368,718,537
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $24,977,875
61.4%
Investment Income $7,055,784
17.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $8,640,710
21.2%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $39,802
0.1%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $368,955,338
Total Liabilities $236,801
Net Assets $368,718,537

Document Links

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$50,420,683
Expenses
$32,438,571
Net Income
$17,982,112
Net Assets
$321,710,263
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $34,861,912
69.1%
Investment Income $8,704,729
17.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $6,854,042
13.6%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $49,476
0.2%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $322,091,925
Total Liabilities $381,662
Net Assets $321,710,263

Document Links

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$44,842,532
Expenses
$29,464,139
Net Income
$15,378,393
Net Assets
$280,638,589
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $34,889,806
77.8%
Investment Income $7,168,657
16.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $2,784,069
6.2%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $65,444
0.2%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $280,962,563
Total Liabilities $323,974
Net Assets $280,638,589

Document Links

Fiscal Year Ending Dec.
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2004

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

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Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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