Civic Intelligence

Constellation Mutual Benefit

EIN 87-4051434 • 501(c)9 • Kennett Square, PA

Profile

To provide disability benefits to members.

200 Energy WayKennett Square, PA 19348

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

94th percentile

0.96x

Higher debt load relative to assets than 94% of similar nonprofits.

501(c)9 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

93rd percentile

0.42x

Higher debt load relative to revenue than 93% of similar nonprofits.

501(c)9 • $1M-$5M nonprofits • Source year 2024

Net Margin

71st percentile

21%

Higher net margin than 71% of similar nonprofits.

501(c)9 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

69th percentile

$14,375

Higher top officer pay than 69% of similar nonprofits.

Top officer pay equals 0.3% of source-year revenue.

501(c)9 • $1M-$5M nonprofits • Source year 2024

Asset Growth

100th percentile

915%

Faster asset growth than 100% of similar nonprofits.

501(c)9 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

52nd percentile

5.8%

Faster revenue growth than 52% of similar nonprofits.

501(c)9 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Up

$1,793,000

Up $1,616,325 (+915%) from 2023

Liabilities

Up

$1,713,361

Up $752,656 (+78%) from 2023

Net Assets

Up

$79,639

Up $863,669 (+110%) from 2023

Revenue

Up

$4,112,101

Up $225,227 (+5.8%) from 2023

Expenses

Down

$3,248,432

Down $492,580 (-13%) from 2023

Net Income

Up

$863,669

Up $717,807 (+492%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$2.0M$1.0M$0-$1.0MAssets 2022: $230,707Liabilities 2022: $1,160,599Net Assets 2022: -$929,8922022Assets 2023: $176,675Liabilities 2023: $960,705Net Assets 2023: -$784,0302023Assets 2024: $1,793,000Liabilities 2024: $1,713,361Net Assets 2024: $79,6392024

Highlighted filing

2024

Assets$1,793,000
Liabilities$1,713,361
Net Assets$79,639

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2022: $3,361,830Expenses 2022: $3,389,611Net Income 2022: -$27,7812022Revenue 2023: $3,886,874Expenses 2023: $3,741,012Net Income 2023: $145,8622023Revenue 2024: $4,112,101Expenses 2024: $3,248,432Net Income 2024: $863,6692024

Highlighted filing

2024

Revenue$4,112,101
Expenses$3,248,432
Net Income$863,669

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 10, 2025
Return Version
2024v5.2
Gross Receipts
$4,112,101
Mission and Program Overview

Mission

To provide disability benefits to members.

To provide disability benefits to members

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$176,675$1,761,223▲ $1,584,548
Rtn Earn Endowment Incm Other Fnds$-784,030$79,639▲ $863,669
Receivable From Disqualified Prsn$0$15,900▲ $15,900
Accounts Receivable$0$15,877▲ $15,877
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$176,675$1,793,000▲ $1,616,325
Liabilities
Accounts Payable and Accrued Expenses$960,705$1,713,361▲ $752,656
Total Liabilities$960,705$1,713,361▲ $752,656
Net Assets / Fund Balance
Total Net Assets Fund Balance$-784,030$79,639▲ $863,669
Total Liabilities and Net Assets / Fund Balance$176,675$1,793,000▲ $1,616,325
Compensation and Service Providers

Employees

NameTitleBaseTotal
-Institutional Trustee$14,375$14,375
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$4,091,264
Investment Income
$20,837
Other Revenue
$0
Change in Net Assets
$863,669

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,112,101
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$4,112,101
Total Revenue per Form 990
$4,112,101
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$14,375
Other Expenses$6,300
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Benefits to Members---$3,227,757
Current Officers, Directors, Trustees, and Key Employees---$14,375
Other Expenses---$5,800
Fees for Services Accounting---$500
Total Functional Expenses$0$0$0$3,248,432

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$3,248,432
Total Expenses per Audited Statements$3,248,432
Total Expenses per Form 990$3,248,432
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons$0$15,900▲ $15,900
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

Members participate in the sponsor health benefit plans and receive disability benefits from the funded veba.

Form 990, Part VI, Section B, Line 11B

The organization uses a cpa firm to prepare form 990. The return is reviewed by constellation accounting, corporate benefits and legal departments. The return is reviewed by the parties who administer the disability plans that are funded by the organization and manage the assets of the organization. As such all responsible governing bodies review and approve the return prior to filing.

Form 990, Part VI, Section B, Line 12C

All parties responsible for plan assets are subject to the constellation energy corporation conflict of interest policy. Constellation regularly monitors compliance with its conflict of interest policy.

Form 990, Part VI, Section B, Line 15

The organization does not pay any compensation. Consequently lines 15a and 15b are not applicable to this organization.

Form 990, Part VI, Section C, Line 19

The organization makes its form 1024, form 990, governing documents, conflict of interest policy and financial statements available upon request.

FORM 990, PART VI:

This organization is a voluntary employees' beneficiary association trust under irc 501(c)(9). This organization funds disability provided under certain health and welfare plans sponsored by constellation energy generation, llc for its employees and their eligible dependents. This organization follows constellations's corporate policies where applicable including proper documentation of all actions taken on behalf of the plan.

Filing and Contact Details

Filer

Filer Name
Constellation Mutual Benefit
EIN
87-4051434
Phone
7792315871
Address
200 ENERGY WAY, KENNETT SQUARE, PA 19348

Signing Officer

Name
Lisa Agase
Title
Dir., Empl. Ben. Plans & Programs
Phone
7792315871
Signed
2025-11-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Lisa Agase
Formed
2022
Legal Domicile
Il
Voting Board Members
1
Independent Board Members
0
Employees
0
Volunteers
0

Preparer

Firm
Plante & Moran Pllc
Address
10 S RIVERSIDE PLAZA 9TH FLOOR, CHICAGO, IL 60606
Preparer
David Lowenthal
Phone
3122071040
Supplemental Narrative

Additional Explanations

FORM 990, PART X, LINE 6:

The amount reported on form 990, part x, line 6 consists of receivables of $15,900 due from contributing employers and sponsoring organizations of section 501(c)(9) voluntary employees' beneficiary organizations. Per irs 990 instructions, schedule l, part ii is not required to be completed.

Financial Statement Notes

PART X, LINE 2:

Gaap requires the plan's management to evaluate tax positions taken by the plan and recognize a tax liability (or asset) if the plan has taken an uncertain position that more likely than not would not be sustained upon examination by the applicable authorities. The company has analyzed the tax positions taken by the plan and has concluded that as of december 31, 2024, there were no uncertain tax positions taken. The plan is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress.

Raw XML Appendix304 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Desc0THE VEBA TRUST PROVIDES DISABILITY BENEFITS TO EMPLOYEES OF CONSTELLATION ENERGY GENERATION, LLC WHO ARE ALSO MEMBERS OF A COLLECTIVE BARGAINING UNIT REPRESENTED BY THE INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL UNION 15.
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0GAAP REQUIRES THE PLAN'S MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE PLAN AND RECOGNIZE A TAX LIABILITY (OR ASSET) IF THE PLAN HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE APPLICABLE AUTHORITIES. THE COMPANY HAS ANALYZED THE TAX POSITIONS TAKEN BY THE PLAN AND HAS CONCLUDED THAT AS OF DECEMBER 31, 2024, THERE WERE NO UNCERTAIN TAX POSITIONS TAKEN. THE PLAN IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0MEMBERS PARTICIPATE IN THE SPONSOR HEALTH BENEFIT PLANS AND RECEIVE DISABILITY BENEFITS FROM THE FUNDED VEBA.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION USES A CPA FIRM TO PREPARE FORM 990. THE RETURN IS REVIEWED BY CONSTELLATION ACCOUNTING, CORPORATE BENEFITS AND LEGAL DEPARTMENTS. THE RETURN IS REVIEWED BY THE PARTIES WHO ADMINISTER THE DISABILITY PLANS THAT ARE FUNDED BY THE ORGANIZATION AND MANAGE THE ASSETS OF THE ORGANIZATION. AS SUCH ALL RESPONSIBLE GOVERNING BODIES REVIEW AND APPROVE THE RETURN PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ALL PARTIES RESPONSIBLE FOR PLAN ASSETS ARE SUBJECT TO THE CONSTELLATION ENERGY CORPORATION CONFLICT OF INTEREST POLICY. CONSTELLATION REGULARLY MONITORS COMPLIANCE WITH ITS CONFLICT OF INTEREST POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION DOES NOT PAY ANY COMPENSATION. CONSEQUENTLY LINES 15A AND 15B ARE NOT APPLICABLE TO THIS ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION MAKES ITS FORM 1024, FORM 990, GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE AMOUNT REPORTED ON FORM 990, PART X, LINE 6 CONSISTS OF RECEIVABLES OF $15,900 DUE FROM CONTRIBUTING EMPLOYERS AND SPONSORING ORGANIZATIONS OF SECTION 501(C)(9) VOLUNTARY EMPLOYEES' BENEFICIARY ORGANIZATIONS. PER IRS 990 INSTRUCTIONS, SCHEDULE L, PART II IS NOT REQUIRED TO BE COMPLETED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THIS ORGANIZATION IS A VOLUNTARY EMPLOYEES' BENEFICIARY ASSOCIATION TRUST UNDER IRC 501(C)(9). THIS ORGANIZATION FUNDS DISABILITY PROVIDED UNDER CERTAIN HEALTH AND WELFARE PLANS SPONSORED BY CONSTELLATION ENERGY GENERATION, LLC FOR ITS EMPLOYEES AND THEIR ELIGIBLE DEPENDENTS. THIS ORGANIZATION FOLLOWS CONSTELLATIONS'S CORPORATE POLICIES WHERE APPLICABLE INCLUDING PROPER DOCUMENTATION OF ALL ACTIONS TAKEN ON BEHALF OF THE PLAN.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 6
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART X, LINE 6:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART VI:
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IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceRevenueAmt04091264
IRS990/TotalReportableCompFromOrgAmt014375
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt04112101
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt04112101
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0176675
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01793000
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TypeOfOrganizationTrustInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0200 ENERGY WAY
IRS990/USAddress/CityNm0KENNETT SQUARE
IRS990/USAddress/StateAbbreviationCd0PA
IRS990/USAddress/ZIPCd019348
IRS990/VotingMembersGoverningBodyCnt01
IRS990/VotingMembersIndependentCnt00
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0LISA AGASE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0DIR., EMPL. BEN. PLANS & PROGRAMS
ReturnHeader/BusinessOfficerGrp/PhoneNum07792315871
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-11-10
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0CONSTELLATION MUTUAL BENEFIT
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0ASSOCIATION TRUST
ReturnHeader/Filer/BusinessNameControlTxt0CONS
ReturnHeader/Filer/EIN0874051434
ReturnHeader/Filer/PhoneNum07792315871
ReturnHeader/Filer/USAddress/AddressLine1Txt0200 ENERGY WAY
ReturnHeader/Filer/USAddress/CityNm0KENNETT SQUARE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0PA
ReturnHeader/Filer/USAddress/ZIPCd019348
ReturnHeader/IRSResponsiblePrtyInfoCurrInd01
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0331498605
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0PLANTE & MORAN PLLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt010 S RIVERSIDE PLAZA 9TH FLOOR
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0CHICAGO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd060606
ReturnHeader/PreparerPersonGrp/PhoneNum03122071040
ReturnHeader/PreparerPersonGrp/PreparationDt02025-11-10
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DAVID LOWENTHAL
ReturnHeader/ReturnTs02025-11-14T13:08:01-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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