Overview
What is Bangor Hydro-Electric Company Voluntary Employee Benefit?
Bangor Hydro-Electric Company Voluntary Employee Benefit, identified as a 501(c)9-VEBA, is a specialized trust established in Bangor, Maine, with an address at 970 Illinois Avenue. Its primary function is to contribute financially towards employee health benefits. This nonprofit entity aims to ensure the wellbeing of its workforce by providing essential healthcare coverage. The trust serves as a dedicated resource for funding these benefits, contributing to the overall welfare of the employees within the Bangor Hydro-Electric Company.
Is Bangor Hydro-Electric Company Voluntary Employee Benefit legitimate?
Bangor Hydro-Electric Company Voluntary Employee Benefit is a legitimate nonprofit organization registered as a 501(c)(9) entity. Bangor Hydro-Electric Company Voluntary Employee Benefit submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Bangor Hydro-Electric Company Voluntary Employee Benefit?
The Bangor Hydro-Electric Company Voluntary Employee Benefit, operating as a 501(c)9-VEBA, is established with the primary purpose of funding employee health benefits. Its mission is centered around providing financial support for the health benefits of its employees, ensuring their well-being and maintaining a healthy workforce. The Trust, as it is known, serves this purpose by managing funds specifically designated for employee health benefits. It does not disclose any additional details about advancing research, advocacy, or community outreach, as its focus is solely on employee welfare through healthcare benefits.
Who is the CEO of Bangor Hydro-Electric Company Voluntary Employee Benefit?
Kris Chahley is the Vp Finance & Treasurer of Bangor Hydro-Electric Company Voluntary Employee Benefit.
What is the revenue of Bangor Hydro-Electric Company Voluntary Employee Benefit?
Bangor Hydro-Electric Company Voluntary Employee Benefit's revenue in 2022 was $2,162.
Who are the executives of Bangor Hydro-Electric Company Voluntary Employee Benefit and what are their salaries?
There is 1 key member and their salary:
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Bangor Hydro-Electric Company Voluntary Employee Benefit?
Bangor Hydro-Electric Company Voluntary Employee Benefit's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Bangor Hydro-Electric Company Voluntary Employee Benefit
Bangor Hydro-Electric Company Voluntary Employee Benefit, as a 501(c)9-VEBA, is dedicated to funding employee health benefits. This nonprofit organization's mission is centered around ensuring the financial sustainability of employee health benefits within the company. By acting as a trust, it provides a means to secure and manage the funds required to meet the healthcare needs of the company's employees. The Trust serves as a crucial safety net, ensuring that employees have access to necessary health benefits, even in times of financial instability or uncertainty.
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Impact
October, 2024
Bangor Hydro-Electric Company Voluntary Employee Benefit plays a significant role in supporting employee health by providing a structured funding mechanism for health benefits. This trust, operating as a 501(c)9 Voluntary Employee Beneficiary Association (VEBA), allows for the pooling of resources to cover healthcare costs, thus enhancing the financial security of employees. Located in Bangor, Maine, the trust's mission focuses on mutual benefit, ensuring that employees have access to essential health services.
By offering a dedicated funding source, the trust helps mitigate the financial burden of healthcare expenses, fostering a healthier workforce and contributing to employee satisfaction and retention. Overall, the Bangor Hydro-Electric Company Voluntary Employee Benefit significantly impacts the well-being of its employees through reliable health benefit funding.
This information is meant to be a general summary of Bangor Hydro-Electric Company Voluntary Employee Benefit. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $2,162
- Gross Receipts: $2,162
Assets and Liabilities:
- Total Assets: $36,700
- Total Liabilities: $0
- Net Assets: $36,700
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Organization Details
Founding Year
1994
Phone
(207) 973-2674Principal Officer
Kris Chahley
Main Address
970 Illinois Avenue, Bangor, ME, 04401
NTEE Category
Code: Y40 - Mutual benefit
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