2026-08-26T09:43:12-05:00 2024-06-30 620963163 GRANT KONVALINKA & HARRISON PC 633 CHESTNUT STREET SUITE 900 CHATTANOOGA TN 37450 990 2023-07-01 582062090 ELECTRIC POWER BD CHATTANOOGA POST BENEFITS PLAN ELEC 4236481372 10 WEST M L KING BLVD CHATTANOOGA TN 37422 MIKE KAISER EVP & CFO 4236481372 2026-08-26 0 HOLLIE FLOBERG P01983128 4237568400 2023 2025-03-06 01:10:19Z X MIKE KAISER 39131404 0 X WWW.EBP.COM X TN VOLUNTEER EMPLOYEE BENEFIT ASSOCIATION 5 5 0 0 0 0 0 0 0 0 1422053 127648 1132 227 1423185 127875 0 0 45000 15000 0 0 0 0 0 78390 94332 123390 109332 1299795 18543 31223853 34437943 0 0 31223853 34437943 X VOLUNTEER EMPLOYEE BENEFIT ASSOCIATION 0 0 HEALTH INSURANCE BENEFITS: THE ELECTRIC POWER BOARD OF CHATTANOOGA (EPB) MAKES AVAILABLE TO ITS RETIRED EMPLOYEES AND ELIGIBLE DEPENDENTS WHO HAVE PERFORMED FIVE OR MORE YEARS OF SERVICE FOR EPB A PROGRAM (THE EPB POST-RETIREMENT HEALTH AND WELFARE BENEFITS PLAN) BY WHICH EPB WILL PAY A PERCENTAGE OF THE COSTS OF MONTHLY PREMIUMS FOR COVERAGE UNDER VARIOUS HEALTH INSURANCE PLAN OPTIONS. THE PERCENTAGE OF PREMIUMS PAID BY EPB WILL DEPEND ON THE NUMBER OF YEARS OF EMPLOYMENT WITH EPB AND THE TYPE OF SERVICE SELECTED. THE NUMBER OF PERSONS BENEFITING UNDER THIS PROGRAM DURING THE 2023-2024 FISCAL YEAR WAS 261 RETIRED EMPLOYEES, 158 SPOUSES AND 12 CHILDREN. THE TOTAL AMOUNT OF BENEFITS PAID UNDER THIS PROGRAM WAS $ 2,764,894. REIMBURSEMENT OF MEDICARE PART B INSURANCE: EPB WILL REIMBURSE QUALIFIED RETIREES AND/OR SPOUSES A PERCENTAGE OF THE COSTS DEDUCTED FROM SOCIAL SECURITY PAYMENTS EACH MONTH FOR MEDICARE PART B. THE REIMBURSEMENT PERCENTAGE IS THE SAME PERCENTAGE USED FOR MONTHLY HEALTH INSURANCE PREMIUMS. EPB'S MEDICARE PART B REIMBURSEMENT IS PAID IMMEDIATELY UPON RETIREMENT FOR THOSE QUALIFIED EMPLOYEES. THE NUMBER OF PERSONS BENEFITING UNDER THIS PROGRAM DURING THE 2023-2024 FISCAL YEAR WAS 205 RETIRED EMPLOYEES AND 134 SPOUSES. THE TOTAL AMOUNT OF BENEFITS PAID UNDER THIS PROGRAM WAS $586,714. LIFE INSURANCE BENEFITS: THE NUMBER OF EMPLOYEES BENEFITING UNDER THIS PROGRAM IS 1003. THE AMOUNT OF BENEFITS PAID UNDER THIS PROGRAM WAS $5,000. 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 5 5 0 0 0 0 0 0 0 1 1 0 0 0 1 0 0 1 1 0 0 0 X ELECTRIC POWER BOARD OF CHATT 4236481372 10 WEST M L KING BLVD CHATTANOOGA TN 37422 JON KINSEY BOARD MEMBER 1.00 X 0 0 0 GREG EAVES OFFICER, TRUSTEE 1.00 40.00 X X 0 493005 48244 DAVID WADE OFFICER, TRUSTEE 1.00 40.00 X X 0 542557 45143 MARIE WEBB OFFICER, TRUSTEE 1.00 40.00 X X 0 353707 6577 TRUIST BANK TRUSTEE 10.00 X 8985 0 0 SANDRA TILLEY OFFICER 1.00 40.00 X 0 359886 45958 JAMES INGRAHAM OFFICER 1.00 40.00 X 0 347562 48834 KATIE ESPESETH OFFICER 1.00 40.00 X 0 332488 34226 J ED MARSTON OFFICER 1.00 40.00 X 0 325802 49245 RYAN KEEL OFFICER 1.00 40.00 X 0 416910 52571 MAJIDE ABED OFFICER 1.00 40.00 X 0 355310 46580 KAREN THOMAS OFFICER 1.00 40.00 X 0 343660 47999 RICH CARPENTER OFFICER 1.00 40.00 X 0 238642 40332 EVAN FREEMAN OFFICER 1.00 40.00 X 0 220398 6596 8985 4329927 472305 0 0 1 0 0 X 485407 485407 38645770 39003529 -357759 -357759 -357759 SECURITIES LITIGATION 523000 227 227 227 127875 127875 0 0 X 15000 15000 8985 8985 85334 85334 GLOBAL TAX RECOVERY FEE 13 13 109332 109332 0 0 X 42097 186969 15356 31016811 23666489 10714001 20073 31223853 34437943 0 0 X 0 0 0 0 0 0 31223853 34437943 31223853 34437943 X 18543 3195547 0 X 0 0 0 0 AQR DELPHI LONG-SHORT EQUITY FUND LLP 1200000 F PGIM REAL ESTATE 2906082 F KKR 1036948 F POINTER LP 3379135 F SAMLYN ONSHORE FUND LP 1092472 F ARES WEALTH MANAGEMENT SOLUTIONS 1099364 F 10714001 0 0 0 DAVID WADE OFFICER, TRUSTEE 0 542557 0 0 0 0 0 13976 0 31167 0 587700 0 0 GREG EAVES OFFICER, TRUSTEE 0 493005 0 0 0 0 0 13851 0 34393 0 541249 0 0 RYAN KEEL OFFICER 0 416910 0 0 0 0 0 14290 0 38281 0 469481 0 0 SANDRA TILLEY OFFICER 0 359886 0 0 0 0 0 7979 0 37979 0 405844 0 0 MAJIDE ABED OFFICER 0 355310 0 0 0 0 0 9796 0 36784 0 401890 0 0 JAMES INGRAHAM OFFICER 0 347562 0 0 0 0 0 8627 0 40207 0 396396 0 0 KAREN THOMAS OFFICER 0 343660 0 0 0 0 0 12000 0 35999 0 391659 0 0 J ED MARSTON OFFICER 0 325802 0 0 0 0 0 10943 0 38302 0 375047 0 0 KATIE ESPESETH OFFICER 0 332488 0 0 0 0 0 11409 0 22817 0 366714 0 0 MARIE WEBB OFFICER, TRUSTEE 0 353707 0 0 0 0 0 2024 0 4553 0 360284 0 0 RICH CARPENTER OFFICER 0 238642 0 0 0 0 0 8541 0 31791 0 278974 0 0 EVAN FREEMAN OFFICER 0 220398 0 0 0 0 0 2199 0 4397 0 226994 0 0 FORM 990 PART I, LINES 10, 12, 14, 18, 19, 20 THE PLAN MOVED THE WELFARE BENEFITS ACCOUNT FROM TRUIST TO UBS. THE UBS REPORTS PROVIDED DID NOT PROVIDE IDENTICAL INFORMATION. ADDITIONAL REPORTING INFORMATION WAS NECESSARY. CERTAIN EXPENSES AND ASSET CLASSES WERE NOT INCLUDED ON THE 2023 ORIGINAL RETURN. THE ERRORS AND DIFFERENCES IN REPORTING WERE FOUND WHEN PREPARING THE 2024 TAX RETURN. BELOW ARE THE DIFFERENCES FROM THE 2023 ORIGINAL RETURN TO THE 2023 AMENDED RETURN. 2023 ORIGINAL 2023 AMENDED PART I CURRENT YEAR L10 INV. INCOME $382,863.00 $127,648.00 L12 TOTAL REVENUE $383,090.00 $127,875.00 L14 BENEFITS PAID $5,000.00 $15,000.00 L18 TOTAL EXPENSES $99,332.00 $109,332.00 L19 REVENUE-EXPENSES $283,758.00 $18,543.00 L20 TOTAL ASSETS EOY $28,155,475.00 $34,437,943.00 FORM 990, PART VI, SECTION B, LINE 11B LINE 11B EXPLANATION - REVIEW IS MADE BY OFFICERS. FORM 990, PART VI, SECTION C, LINE 19 DISCLOSURE IS MADE UPON REQUEST. FORM 990 PART VIII LINES 7, 12 THE PLAN MOVED THE WELFARE BENEFITS ACCOUNT FROM TRUIST TO UBS. THE UBS REPORTS PROVIDED DID NOT PROVIDE IDENTICAL INFORMATION. ADDITIONAL REPORTING INFORMATION WAS NECESSARY. CERTAIN EXPENSES AND ASSET CLASSES WERE NOT INCLUDED ON THE 2023 ORIGINAL RETURN. THE ERRORS AND DIFFERENCES IN REPORTING WERE FOUND WHEN PREPARING THE 2024 TAX RETURN. BELOW ARE THE DIFFERENCES FROM THE 2023 ORIGINAL RETURN TO THE 2023 AMENDED RETURN. 2023 ORIGINAL 2023 AMENDED PART VIII OTHER REVENUE LINE 7A SALES(SECURITIES) $38,645,770.00 $38,645,770.00 LINE 7B COSTS (SECURITIES) $38,748,314.00 $39,003,529.00 LINE 7C G/L) (SECURITIES) -$102,544.00 -$357,759.00 LINE 7D TOTAL REVENUE COL (A) -$102,544.00 -$357,759.00 LINE 7D (TOTAL RELATED/EX) COL (B) -$102,544.00 -$357,759.00 LINE 12 TOTAL REVENUE (COL(A) AND (B) $383,090.00 $127,875.00 FORM 990 PART IX, LINES , 25 THE PLAN MOVED THE WELFARE BENEFITS ACCOUNT FROM TRUIST TO UBS. THE UBS REPORTS PROVIDED DID NOT PROVIDE IDENTICAL INFORMATION. ADDITIONAL REPORTING INFORMATION WAS NECESSARY. CERTAIN EXPENSES AND ASSET CLASSES WERE NOT INCLUDED ON THE 2023 ORIGINAL RETURN. THE ERRORS AND DIFFERENCES IN REPORTING WERE FOUND WHEN PREPARING THE 2024 TAX RETURN. BELOW ARE THE DIFFERENCES FROM THE 2023 ORIGINAL RETURN TO THE 2023 AMENDED RETURN. 2023 ORIGINAL 2023 AMENDED ART IX STATEMENT OF FUNCTIONAL EXPENSES LINE 4 BENEFITS PAID FOR MEMBERS COL (A) $5,000.00 $15,000.00 LINE 4 BENEFITS PAID FOF MEMBERS COL (B) $5,000.00 $15,000.00 LINE 25 TOTAL FUNCTIONAL EXPENSES COL (A) $99,332.00 $109,332.00 FORM 990 PART X, LINES 1, 2, 11, 12, 16, 32, 33 THE PLAN MOVED THE WELFARE BENEFITS ACCOUNT FROM TRUIST TO UBS. THE UBS REPORTS PROVIDED DID NOT PROVIDE IDENTICAL INFORMATION. ADDITIONAL REPORTING INFORMATION WAS NECESSARY. CERTAIN EXPENSES AND ASSET CLASSES WERE NOT INCLUDED ON THE 2023 ORIGINAL RETURN. THE ERRORS AND DIFFERENCES IN REPORTING WERE FOUND WHEN PREPARING THE 2024 TAX RETURN. BELOW ARE THE DIFFERENCES FROM THE 2023 ORIGINAL RETURN TO THE 2023 AMENDED RETURN. 2023 ORIGINAL 2023 AMENDED LINE 1 CASH (COL B) $775,748.00 $42,097.00 LINE 2 SAVINGS (COL B) $0.00 $15,356.00 LINE 11 INVESTMENT PUB (COL B) $27,379,727.00 $23,666,489.00 LINE 12 INVESTMENTS OTHER (COL B) $0.00 $10,714,001.00 LINE 16 TOTAL ASSETS (COL B) $28,155,475.00 $34,437,943.00 LINE 32 TOTAL NET ASSETS (COL B) $28,155,475.00 $34,437,943.00 LINE 33 TOTAL LIABLILITIES & NET ASSETS (COL B) $28,155,475.00 $34,437,943.00 FORM 990 PART XI LINES 1-10 THE PLAN MOVED THE WELFARE BENEFITS ACCOUNT FROM TRUIST TO UBS. THE UBS REPORTS PROVIDED DID NOT PROVIDE IDENTICAL INFORMATION. ADDITIONAL REPORTING INFORMATION WAS NECESSARY. CERTAIN EXPENSES AND ASSET CLASSES WERE NOT INCLUDED ON THE 2023 ORIGINAL RETURN. THE ERRORS AND DIFFERENCES IN REPORTING WERE FOUND WHEN PREPARING THE 2024 TAX RETURN. BELOW ARE THE DIFFERENCES FROM THE 2023 ORIGINAL RETURN TO THE 2023 AMENDED RETURN. 2023 ORIGINAL 2023 AMENDED LINE 1 TOTAL REVENUE $383,090.00 $127,875.00 LINE 2 TOTAL EXPENSES $99,332.00 $109,332.00 LINE 3 REVENUE - EXPENSES $283,758.00 $18,543.00 LINE 4 NET ASSETS OR FUND BAL AT BOY $31,223,853.00 $31,223,853.00 LINE 5 NET UNREALIZED GAINS/LOSSES ON INV. -$3,352,136.00 $3,195,547.00 LINE 10 NET ASSETS OR FUND BAL AT EOY $28,155.475.00 $34,437,943.00 FORM 990 PART X, LINE 19 DEFERRED REVENUE ALL CONTRIBUTIONS TO THE EPB POST-RETIREMENT HEALTH AND WELFARE BENEFITS PLAN TRUST AND ALL INCOME EARNED ON SUCH CONTRIBUTIONS ARE DESIGNATED FOR FUTURE PAYMENT OF MEMBER BENEFITS. EPB IS IN THE PROCESS OF FULLY FUNDING THE TRUST SO THAT MEMBER BENEFITS CAN BE PAID OUT OF THE TRUST INCOME. INCREASE IN SUPPORT AND REVENUE DESIGNATED FOR FUTURE PERIODS ENDING BALANCE: $34,437,943.00 BEGINNING BALANCE: $31,223,852.84 TOTAL INCREASE/DECREASE: $3,214,090.16