Overview
What is American Water Works Company Inc Life Insurance Trust?
American Water Works Company Inc Life Insurance Trust is a nonprofit entity, specifically established to provide life insurance coverage for the employees of American Water Works Co., Inc. This voluntary employee beneficiary association aims to offer a safety net for the workforce, ensuring financial security for their families in case of unfortunate events. The trust is headquartered in Camden, New Jersey, with a postal address at PO Box 2738, 1 Water Street. The detailed mission and activities of this trust are outlined in their schedule, which is not provided in the given information.
Is American Water Works Company Inc Life Insurance Trust legitimate?
American Water Works Company Inc Life Insurance Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. American Water Works Company Inc Life Insurance 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of American Water Works Company Inc Life Insurance Trust?
The American Water Works Company Inc Life Insurance Trust is established with the mission to provide life insurance coverage for the employees of American Water Works Co., Inc. This is done through a Voluntary Employee Beneficiary Association, implying that participation is optional for the employees. By offering this benefit, the trust aims to contribute to the financial security and well-being of the employees, providing them with peace of mind. This life insurance provision is a testament to the company's commitment to its workforce.
Who is the CEO of American Water Works Company Inc Life Insurance Trust?
Martin Falkenberg is the Benefit Committee of American Water Works Company Inc Life Insurance Trust.
What is the revenue of American Water Works Company Inc Life Insurance Trust?
American Water Works Company Inc Life Insurance Trust's revenue in 2022 was $2,536,404.
Who are the executives of American Water Works Company Inc Life Insurance Trust and what are their salaries?
There 5 volunteers at American Water Works Company Inc Life Insurance Trust.
Here are 5 key members and their salaries:
- Compensation: $0
- Related: $332,875
- Other: $48,273
- Compensation: $0
- Related: $459,622
- Other: $55,344
- Compensation: $0
- Related: $423,330
- Other: $43,217
- Compensation: $0
- Related: $341,574
- Other: $51,530
- Compensation: $0
- Related: $322,098
- Other: $51,370
Where can I find the form 990 for American Water Works Company Inc Life Insurance Trust?
American Water Works Company Inc Life Insurance Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of American Water Works Company Inc Life Insurance Trust
The American Water Works Company Inc Life Insurance Trust is committed to providing life insurance coverage for the employees of American Water Works Co., Inc. This is done through a Voluntary Employee Beneficiary Association. In simpler terms, the trust ensures that the workforce of American Water Works Co., Inc. has access to life insurance benefits, offering a level of financial security to their families in case of an untimely demise.
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Impact
October, 2024
The American Water Works Company Inc Life Insurance Trust provides essential life insurance benefits to employees of American Water Works Company, Inc., enhancing their financial security and peace of mind. This voluntary employee beneficiary association offers a structured approach to life insurance, ensuring that employees have access to critical resources during times of need. By facilitating these benefits, the trust contributes to employee welfare and satisfaction, fostering a supportive work environment. The impact extends beyond individual employees, influencing overall company morale and employee retention, ultimately benefiting the organization as a whole.
This information is meant to be a general summary of American Water Works Company Inc Life Insurance 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: $36,404
- Program Service Revenue: $2,500,000
- Gross Receipts: $5,339,321
Assets and Liabilities:
- Total Assets: $1,618,953
- Total Liabilities: $0
- Net Assets: $1,618,953
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
COMPANY CONTRIBUTIONS
Revenue
$2,500,000
Organization Details
Founding Year
1983
Phone
(856) 955-4001Principal Officer
Martin Falkenberg
Main Address
PO BOX 2738 1 WATER STREET, CAMDEN, NJ, 08102
NTEE Category
Code: Y40 - Mutual benefit
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