Commonwealth Edison Mutual Benefit Assoc

Organization Overview

Commonwealth Edison Mutual Benefit Assoc is located in Chicago, IL. The organization was established in 1988. According to its NTEE Classification (Y99) the organization is classified as: Mutual & Membership Benefit N.E.C., under the broad grouping of Mutual & Membership Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Commonwealth Edison Mutual Benefit Assoc is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.

For the year ending 12/2022, Commonwealth Edison Mutual Benefit Assoc generated $8.6m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.9%) each year. All expenses for the organization totaled $9.3m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (0.7%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

PROVIDE DISABILITY BENEFITS TO MEMBERS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

TO FUND THE PROVISION OF DISABILITY BENEFITS TO MEMBERS. AS OF DECEMBER 31, 2022 THERE WERE APPROXIMATELY 3,279 MEMBERS ELIGIBLE TO RECEIVE SUCH BENEFITS.


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Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$8,580,251
Investment income $8,851
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $8,589,102

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