Peoples Energy Corporation Life and Health Benefits Trust
Milwaukee, WI 53203 · IRS data through FY2025
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2025 | $23,634,203 | $8,003,660 | $210,217,315 |
| FY2024 | $21,270,240 | $11,824,973 | $194,586,772 |
| FY2023 | $18,892,514 | $6,356,034 | $185,141,505 |
| FY2022 | $3,353,395 | $38,153,774 | $172,605,025 |
| FY2021 | $17,374,823 | $7,792,762 | $207,405,404 |
| FY2020 | $21,789,870 | $6,204,392 | $197,823,343 |
| FY2019 | $27,543,182 | $4,434,581 | $182,237,865 |
| FY2018 | -$4,877,182 | $8,621,875 | $159,129,264 |
| FY2017 | $36,773,866 | $23,150,236 | $172,628,321 |
| FY2016 | $25,676,625 | $20,232,448 | $159,004,691 |
| FY2015 | $13,356,430 | $19,809,203 | $153,560,514 |
| FY2014 | $22,901,418 | $21,261,723 | $160,013,287 |
| FY2013 | $35,028,562 | $20,907,004 | $158,373,592 |
| FY2012 | $121,431,918 | $19,778,794 | $144,252,034 |
Form 990 filings
The returns filed by Peoples Energy Corporation Life and Health Benefits Trust (EIN 36-6803190), including Form 990 PDFs and e-file data by year, are available in ProPublica's Nonprofit Explorer. The figures on this page come from IRS data files built from those returns.
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $0 | 0% |
| Program service revenue | $2,375,741 | 10% |
| Other revenue | $21,258,462 | 90% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $7,815,640 | 98% |
| Management & general | $188,020 | 2% |
| Fundraising | $0 | 0% |
What the numbers show
- Other revenue made up 90% of total revenue in FY2025.
- Program services accounted for 98% of functional expenses, management & general 2%, and fundraising 0%.
- 98% of functional expenses went to program services in FY2025.
- Net assets covered about 315.2 months of expenses at the end of the reporting year.
- Total revenue fell from $121,431,918 in FY2012 to $23,634,203 in FY2025. Revenue increased in 6 and decreased in 7 of 13 year-over-year comparisons.
- Expenses exceeded revenue in 3 of 14 reported years (FY2015, FY2018, FY2022).
- The highest revenue on record here is $121,431,918 in FY2012.
- Net assets grew from $144,252,034 to $210,217,315 between FY2012 and FY2025.
Figures compared against other organizations of the same NTEE program area in the same state. See the methodology page for how these are calculated and the guide to reading nonprofit financials for their limits.
About this organization
Trust to support Sec 501(c)(9) VEBA to receive/hold employee & employer contributions made under the Plan to disburse payments and satisfy member claims under the Plan.
IRS status
| Ruling year | 1993 |
| Subsection | 501(c)(9) |
Source: Internal Revenue Service — Exempt Organizations Business Master File (downloaded November 4, 2026), Statistics of Income extracts, Form 990 e-file data, Publication 78 and the Automatic Revocation list. Figures are as reported by the organization; IRS processing may adjust them. This is not a charity rating and not tax advice. Confirm deductibility in IRS Tax Exempt Organization Search.
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