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Nonprofit · EIN 51-6024654

AMERICAN ELECTRIC POWER SYSTEM EMPLOYEES BENEFIT TR

Tax-exempt · PITTSBURGH, PA 15253

Financials

$308.9M$304M2023$336.6M$361.5M2024
Revenue Expenses · by fiscal year end
Financials of AMERICAN ELECTRIC POWER SYSTEM EMPLOYEES BENEFIT TR by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$336,634,690$361,500,036-$24,865,346$14,005,220$0$14,005,220
December 31, 2023990$308,923,009$304,046,903$4,876,106$38,922,673$0$38,922,673
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$334,980,717
Investment income
$1,653,973
Net gain from sales of assets
$174,623
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Benefits paid to members
$346,041,834
Compensation of officers, directors and key employees
$31,933
Salaries, compensation and benefits (total)
$31,933
Professional fundraising fees
$0
Accounting fees
$81,735
Program services (functional)
$361,500,036

Balance sheet and other

Total assets, start of year
$38,922,673
Total assets, end of year
$14,005,220
Total liabilities, end of year
$0
Net assets, end of year
$14,005,220
Publicly traded securities
$7,705,504
Gross receipts
$2,389,440,349
Employees
0
Year formed
1969
State of legal domicile
PA

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.

NameTitleHours / weekCompensation
THE BANK OF NEW YORK MELLONTRUSTEE (SEE SCHEDULE O)
Institutional trustee
0$31,933
990 for the year ended December 31, 2023: 1 people
NameTitleHours / weekCompensation
THE BANK OF NEW YORK MELLONTRUSTEE (SEE SCHEDULE O)
Institutional trustee
0$99

Address and contacts

Address (IRS master file)
PO BOX 535007, PITTSBURGH, PA 15253-5007
In care of
% THE BANK OF NEW YORK MELLON
Principal officer (990 for 2024)
BRENT HEINTZELMAN, PO BOX 535007, PITTSBURGH, PA 152535007
Signed the 990
SHELLY M PALETTA, BNYM, TRUSTEE
Phone
(412) 234-2242
Return prepared by
ERNST & YOUNG US LLP

Mission

TO PROVIDE FUNDING FOR OBLIGATIONS FOR MEDICAL, DENTAL, LIFE AND LONG-TERM DISABILITY BENEFITS FOR CURRENT EMPLOYEES (AND THEIR DEPENDENTS) OF AMERICAN ELECTRIC POWER COMPANY, INC. AND ITS AFFILIATES.

990 for the year ended December 31, 2024

Program accomplishments

  • THE TRUST PROVIDES FUNDING FOR MEDICAL, DENTAL, LIFE AND LONG-TERM DISABILITY BENEFITS FOR CURRENT EMPLOYEES (AND THEIR DEPENDENTS) OF AMERICAN ELECTRIC POWER COMPANY, INC. AND ITS AFFILIATES.

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
51-6024654
Tax-exempt status
501(c)(9): Voluntary employees' beneficiary association
Donations deductible
No
Exempt since
1969
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$14,005,220
Income (IRS master file)
$2,389,440,349

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$336,634,690$361,500,036$14,005,220IRS
990December 2023$308,923,009$304,046,903$38,922,673XML
990December 2022$292,729,459$298,176,799$33,872,191IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––IRS
990December 2017–––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 51-6024654).

Questions about AMERICAN ELECTRIC POWER SYSTEM EMPLOYEES BENEFIT TR

What is the EIN of AMERICAN ELECTRIC POWER SYSTEM EMPLOYEES BENEFIT TR?
The employer identification number (EIN) of AMERICAN ELECTRIC POWER SYSTEM EMPLOYEES BENEFIT TR is 51-6024654.
Is AMERICAN ELECTRIC POWER SYSTEM EMPLOYEES BENEFIT TR tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(9) since 1969.
Are donations to AMERICAN ELECTRIC POWER SYSTEM EMPLOYEES BENEFIT TR tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does AMERICAN ELECTRIC POWER SYSTEM EMPLOYEES BENEFIT TR 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 AMERICAN ELECTRIC POWER SYSTEM EMPLOYEES BENEFIT TR 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 AMERICAN ELECTRIC POWER SYSTEM EMPLOYEES BENEFIT TR 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 AMERICAN ELECTRIC POWER SYSTEM EMPLOYEES BENEFIT TR?
The 990 for the year ended December 31, 2024 names BRENT HEINTZELMAN.
Who are the officers and directors of AMERICAN ELECTRIC POWER SYSTEM EMPLOYEES BENEFIT TR?
The 990 for the year ended December 31, 2024 lists 1 person; 1 received compensation from the organization, the highest $31,933 (THE BANK OF NEW YORK MELLON, TRUSTEE (SEE SCHEDULE O)).
How much revenue does AMERICAN ELECTRIC POWER SYSTEM EMPLOYEES BENEFIT TR have?
On its 990 for the year ended December 31, 2024 it reported revenue of $336,634,690, expenses of $361,500,036 and total assets of $14,005,220 at year end.

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