EIN 58-2062090

Electric Power BD Chattanooga Post Benefits Plan

IRS 501(c) type
501(c)(9)
Num. employees
0
Year formed
1993
Most recent tax filings
2023-06-01
Description
Post-Retirement Health and Welfare Benefits Plan caters to fraternal beneficiary societies and voluntary employees associations. The plan operates in Chattanooga, TN and earned a total revenue of $1,052,085 last year.
Also known as...
Post-Retirement Health and Welfare Benefits Plan; Electric Power BD Chattanooga Post Retiremnt HLTH Wlfre BFTS Pl Trust
Total revenues
$1,423,185
2023
Total expenses
$123,390
2023
Total assets
$31,223,853
2023
Num. employees
0
2023

Program areas at Electric Power BD Chattanooga Post Benefits Plan

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 2022-2023 fiscal year was 282 retired employees, 149 spouses and 9 children. The total amount of Benefits paid under this program was $ 2,783,098.30.
Life insurance Benefits: the number of employees benefiting under this program is 11. The amount of Benefits paid under this program was $45,000.
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 2022-2023 fiscal year was 260 retired employees and 124 spouses. The total amount of Benefits paid under this program was $582,538.46.

Personnel at Electric Power BD Chattanooga Post Benefits Plan

NameTitleCompensation
Gregory EavesExecutive Vice President and Chief Financial Officer
Katie EspesethOfficer$0
Marie WebbOfficer , Trustee$0
J Ed MarstonOfficer$0
David WadeOfficer , Trustee$0
...and 3 more key personnel

Financials for Electric Power BD Chattanooga Post Benefits Plan

RevenuesFYE 06/2023
Total grants, contributions, etc.$0
Program services$0
Investment income and dividends$252,354
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$1,169,699
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$1,132
Total revenues$1,423,185

Form 990s for Electric Power BD Chattanooga Post Benefits Plan

Fiscal year endingDate received by IRSFormPDF link
2023-062023-11-14990View PDF
2022-062022-11-14990View PDF
2021-062021-11-11990View PDF
2020-062021-10-14990OView PDF
2019-062021-02-25990OView PDF
...and 8 more Form 990s
Data update history
January 24, 2024
Posted financials
Added Form 990 for fiscal year 2023
November 25, 2023
Posted financials
Added Form 990 for fiscal year 2022
August 17, 2023
Posted financials
Added Form 990 for fiscal year 2021
June 2, 2023
Updated personnel
Identified 11 new personnel
May 19, 2023
Used new vendors
Identified 1 new vendor, including
Nonprofit Types
Fraternal societiesMutual assistance organizations
Issues
No issues found
Characteristics
State / local levelNo full-time employees
General information
Address
10 W M L King Blvd
Chattanooga, TN 37422
Metro area
Chattanooga, TN-GA
County
Hamilton County, TN
Website URL
ebp.com/ 
Phone
(423) 648-1372
IRS details
EIN
58-2062090
Fiscal year end
June
Taxreturn type
Form 990
Year formed
1993
Eligible to receive tax-deductible contributions (Pub 78)
No
Categorization
NTEE code, primary
Y40: Fraternal Beneficiary Societies and Voluntary Employees Associations
NAICS code, primary
525120: Health and Welfare Funds
Parent/child status
Independent
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