Nonprofit · EIN 84-6266801
XCEL ENERGY INC VEBA TRUST FOR RETIRED EMPLOYEES
Tax-exempt · MINNEAPOLIS, MN 55401
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $41,274,997 | $64,477,167 | -$23,202,170 | $349,141,962 | $325,428 | $348,816,534 |
| December 31, 2023 | 990 | $33,208,322 | $62,198,692 | -$28,990,370 | $362,125,840 | $428,123 | $361,697,717 |
| December 31, 2022 | 990 | $20,341,520 | $50,594,145 | -$30,252,625 | $369,656,285 | $1,173,799 | $368,482,486 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $14,987,709
- Investment income
- $12,112,315
- Net gain from sales of assets
- $1,027,048
- Other revenue
- $14,174,973
Expenses
- Grants and similar amounts paid
- $0
- Benefits paid to members
- $63,176,734
- Compensation of officers, directors and key employees
- $133,404
- Salaries, compensation and benefits (total)
- $133,404
- Professional fundraising fees
- $0
- Program services (functional)
- $63,176,734
- Management and general (functional)
- $1,300,433
Balance sheet and other
- Total assets, start of year
- $362,125,840
- Total assets, end of year
- $349,141,962
- Total liabilities, end of year
- $325,428
- Net assets, end of year
- $348,816,534
- Gross unrelated business income
- $694,367
- Gross receipts
- $44,558,457
- 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 | $133,404 |
990 for the year ended December 31, 2023: 1 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| PRINCIPAL TRUST COMPANY | TRUSTEE Institutional trustee | 0 | $136,947 |
990 for the year ended December 31, 2022: 1 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| PRINCIPAL TRUST COMPANY | TRUSTEE Institutional trustee | 0 | $244,469 |
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 RETIREES OF XCEL ENERGY INC. AND ITS SUBSIDIARIES.
Program accomplishments
- BENEFITS PAID TO IT'S MEMBERS.Expenses $63,176,734 · revenue $29,162,682
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
- 84-6266801
- Tax-exempt status
- 501(c)(9): Voluntary employees' beneficiary association
- Donations deductible
- No
- Exempt since
- 2004
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Mutual and membership benefit (Y43)
- Assets (IRS master file)
- $349,141,962
- Income (IRS master file)
- $44,558,457
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $41,274,997 | $64,477,167 | $349,141,962 | IRS |
| 990 | December 2023 | $33,208,322 | $62,198,692 | $362,125,840 | XML |
| 990 | December 2022 | $20,341,520 | $50,594,145 | $369,656,285 | 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 84-6266801).
Questions about XCEL ENERGY INC VEBA TRUST FOR RETIRED EMPLOYEES
- What is the EIN of XCEL ENERGY INC VEBA TRUST FOR RETIRED EMPLOYEES?
- The employer identification number (EIN) of XCEL ENERGY INC VEBA TRUST FOR RETIRED EMPLOYEES is 84-6266801.
- Is XCEL ENERGY INC VEBA TRUST FOR RETIRED EMPLOYEES tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(9) since 2004.
- Are donations to XCEL ENERGY INC VEBA TRUST FOR RETIRED EMPLOYEES tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does XCEL ENERGY INC VEBA TRUST FOR RETIRED EMPLOYEES 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 VEBA TRUST FOR RETIRED EMPLOYEES 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 VEBA TRUST FOR RETIRED EMPLOYEES 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 VEBA TRUST FOR RETIRED EMPLOYEES?
- The 990 for the year ended December 31, 2024 names PETER D MATHIESON.
- Who are the officers and directors of XCEL ENERGY INC VEBA TRUST FOR RETIRED EMPLOYEES?
- The 990 for the year ended December 31, 2024 lists 1 person; 1 received compensation from the organization, the highest $133,404 (PRINCIPAL TRUST COMPANY, TRUSTEE).
- How much revenue does XCEL ENERGY INC VEBA TRUST FOR RETIRED EMPLOYEES have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $41,274,997, expenses of $64,477,167 and total assets of $349,141,962 at year end.
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