Nonprofit · EIN 41-6383796
XCEL ENERGY INC VOLUNTARY EMPLOYEES BENEFCIARY TRUST FOR ACTIVE EMPLOY
Also known as VEBA TRUST FOR ACTIVE EMPLOYEES
Tax-exempt · MINNEAPOLIS, MN 55401
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $237,051,709 | $218,733,283 | $18,318,426 | $62,501,202 | $148,289 | $62,352,913 |
| December 31, 2023 | 990 | $209,228,333 | $205,660,846 | $3,567,487 | $44,203,759 | $169,272 | $44,034,487 |
| December 31, 2022 | 990 | $184,499,603 | $175,356,216 | $9,143,387 | $42,072,384 | $1,605,384 | $40,467,000 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $221,903,442
- Investment income
- $722,152
- Other revenue
- $14,426,115
Expenses
- Grants and similar amounts paid
- $0
- Benefits paid to members
- $216,943,380
- Compensation of officers, directors and key employees
- $6,825
- Salaries, compensation and benefits (total)
- $6,825
- Professional fundraising fees
- $0
- Program services (functional)
- $216,943,380
- Management and general (functional)
- $1,789,903
Balance sheet and other
- Total assets, start of year
- $44,203,759
- Total assets, end of year
- $62,501,202
- Total liabilities, end of year
- $148,289
- Net assets, end of year
- $62,352,913
- Gross receipts
- $237,051,709
- Employees
- 0
- Volunteers
- 0
- Year formed
- 1993
- State of legal domicile
- MN
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| PRINCIPAL TRUST COMPANY | TRUSTEE Institutional trustee | 0 | $6,825 |
990 for the year ended December 31, 2023: 1 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| PRINCIPAL TRUST COMPANY | TRUSTEE Institutional trustee | 0 | $9,025 |
990 for the year ended December 31, 2022: 1 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| PRINCIPAL TRUST COMPANY | TRUSTEE Institutional trustee | 0 | $16,822 |
Address and contacts
- Address (IRS master file)
- 414 NICOLLET MALL, MINNEAPOLIS, MN 55401-1927
- In care of
- % WELLS FARGO BANK NA
- Principal officer (990 for 2024)
- PETER D MATHIESON, 414 NICOLLET MALL, MINNEAPOLIS, MN 55401
- Signed the 990
- PETER D MATHIESON, VICE PRESIDENT - TAX
- Phone
- (612) 330-5500
- Return prepared by
- DELOITTE TAX LLP
Mission
PAYMENT OF HEALTH AND WELFARE BENEFITS FOR THE ACTIVE EMPLOYEES OF XCEL ENERGY INC. AND ITS SUBSIDIARIES.
Program accomplishments
- BENEFITS PAID TO OR FOR ITS MEMBERS.Expenses $216,943,380 · revenue $236,329,557
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 41-6383796
- Tax-exempt status
- 501(c)(9): Voluntary employees' beneficiary association
- Donations deductible
- No
- Exempt since
- 2006
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Mutual and membership benefit (Y43)
- Assets (IRS master file)
- $62,501,202
- Income (IRS master file)
- $237,051,709
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $237,051,709 | $218,733,283 | $62,501,202 | XML |
| 990 | December 2023 | $209,228,333 | $205,660,846 | $44,203,759 | XML |
| 990 | December 2022 | $184,499,603 | $175,356,216 | $42,072,384 | XML |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 41-6383796).
Questions about XCEL ENERGY INC VOLUNTARY EMPLOYEES BENEFCIARY TRUST FOR ACTIVE EMPLOY
- What is the EIN of XCEL ENERGY INC VOLUNTARY EMPLOYEES BENEFCIARY TRUST FOR ACTIVE EMPLOY?
- The employer identification number (EIN) of XCEL ENERGY INC VOLUNTARY EMPLOYEES BENEFCIARY TRUST FOR ACTIVE EMPLOY is 41-6383796.
- Is XCEL ENERGY INC VOLUNTARY EMPLOYEES BENEFCIARY TRUST FOR ACTIVE EMPLOY tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(9) since 2006.
- Are donations to XCEL ENERGY INC VOLUNTARY EMPLOYEES BENEFCIARY TRUST FOR ACTIVE EMPLOY tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does XCEL ENERGY INC VOLUNTARY EMPLOYEES BENEFCIARY TRUST FOR ACTIVE EMPLOY file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of XCEL ENERGY INC VOLUNTARY EMPLOYEES BENEFCIARY TRUST FOR ACTIVE EMPLOY due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did XCEL ENERGY INC VOLUNTARY EMPLOYEES BENEFCIARY TRUST FOR ACTIVE EMPLOY last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of XCEL ENERGY INC VOLUNTARY EMPLOYEES BENEFCIARY TRUST FOR ACTIVE EMPLOY?
- The 990 for the year ended December 31, 2024 names PETER D MATHIESON.
- Who are the officers and directors of XCEL ENERGY INC VOLUNTARY EMPLOYEES BENEFCIARY TRUST FOR ACTIVE EMPLOY?
- The 990 for the year ended December 31, 2024 lists 1 person; 1 received compensation from the organization, the highest $6,825 (PRINCIPAL TRUST COMPANY, TRUSTEE).
- How much revenue does XCEL ENERGY INC VOLUNTARY EMPLOYEES BENEFCIARY TRUST FOR ACTIVE EMPLOY have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $237,051,709, expenses of $218,733,283 and total assets of $62,501,202 at year end.
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