Overview
What is Maine Yankee Atomic Power Company Employee Welfare Trust?
Maine Yankee Atomic Power Company Employee Welfare Trust is a nonprofit organization, specifically a welfare benefit plan, located in Boston, Massachusetts. The primary mission of this trust is to offer health and welfare benefits to retired union and non-union employees of Maine Yankee Atomic Power Company. The trust aims to provide life and health benefits to these former employees, ensuring their well-being and support during their post-employment years. The trust operates as a non-profit entity, dedicating its resources to the betterment of its eligible beneficiaries.
Is Maine Yankee Atomic Power Company Employee Welfare Trust legitimate?
Maine Yankee Atomic Power Company Employee Welfare Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. Maine Yankee Atomic Power Company Employee Welfare Trust 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: $5,824
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Maine Yankee Atomic Power Company Employee Welfare Trust?
The Maine Yankee Atomic Power Company Employee Welfare Trust is established with a mission to provide health and welfare benefits to eligible retired union and non-union employees. Operating as a non-profit welfare benefit plan, its primary goal is to offer life and health benefits to former and retired employees of Maine Yankee Atomic Power Company. The trust is committed to offering financial support to these retired employees, ensuring they maintain a decent standard of living post-retirement.
Who is the CEO of Maine Yankee Atomic Power Company Employee Welfare Trust?
Timothy Conry is the Trustee As Required of Maine Yankee Atomic Power Company Employee Welfare Trust.
What is the revenue of Maine Yankee Atomic Power Company Employee Welfare Trust?
Maine Yankee Atomic Power Company Employee Welfare Trust's revenue in 2022 was $2,101,562.
Who are the executives of Maine Yankee Atomic Power Company Employee Welfare Trust and what are their salaries?
There is 1 key member and their salary:
- Compensation: $5,824
- Related: $0
- Other: $0
Where can I find the form 990 for Maine Yankee Atomic Power Company Employee Welfare Trust?
Maine Yankee Atomic Power Company Employee Welfare Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Maine Yankee Atomic Power Company Employee Welfare Trust
The Maine Yankee Atomic Power Company Employee Welfare Trust is a non-profit entity established with the mission to provide health and welfare benefits to retired union and non-union employees. Operating as a welfare benefit plan, this trust is designed to extend essential benefits to eligible retirees who had once served at Maine Yankee Atomic Power Company. The primary function of this trust is to ensure the payment of life and health benefits to these former and retired employees, thereby offering them financial security and peace of mind in their post-employment years.
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Impact
October, 2024
Maine Yankee Atomic Power Company Employee Welfare Trust plays a crucial role in supporting the health and well-being of its retired employees, both union and non-union. By providing payment for life and health benefits, the Trust ensures that former employees can access necessary healthcare services and enjoy a secure quality of life after retirement. This support is particularly significant in helping retirees manage their healthcare costs, which can be a substantial burden as they age.
Operating with the mission to deliver these essential benefits, the Trust fosters a sense of community and mutual support among retired employees. Its impact extends beyond individual well-being, as healthier retirees contribute positively to the broader society by potentially reducing the demand on public healthcare resources. In a sector where the workforce may face unique challenges post-retirement, Maine Yankee Atomic Power Company Employee Welfare Trust is pivotal in easing the transition for employees into their retirement years.
This information is meant to be a general summary of Maine Yankee Atomic Power Company Employee Welfare Trust. 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: $1,719,265
- Program Service Revenue: $313,708
- Gross Receipts: $16,486,166
Assets and Liabilities:
- Total Assets: $17,333,957
- Total Liabilities: $106,329
- Net Assets: $17,227,628
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYER CONTRIBUTIONS - WELFARE
Revenue
$267,833
RETIRED EMPLOYEE CONTRIBUTIONS -
Revenue
$25,778
ACTIVE EMPLOYEE CONTRIBUTIONS - W
Revenue
$20,097
Organization Details
Founding Year
1989
Phone
(617) 807-5000Principal Officer
Timothy Conry
Main Address
CO MARCUM LLP 53 STATE STREET FL, BOSTON, MA, 02109
NTEE Category
Code: Y40 - Mutual benefit
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