Overview
What is Eversource Retirees Benefit Trust?
The Eversource Retirees Benefit Trust is a charitable trust located in Pittsburgh, Pennsylvania, dedicated to distributing payments to carriers and organizations that offer welfare benefits to participants. Its primary mission involves facilitating the provision of benefits to both organizations and individuals who serve this purpose. This trust supports the dissemination of critical benefits to those in need.
Is Eversource Retirees Benefit Trust legitimate?
Eversource Retirees Benefit Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. Eversource Retirees Benefit 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: $300,692
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Eversource Retirees Benefit Trust?
The Eversource Retirees Benefit Trust is dedicated to distributing payments to organizations and individuals, acting as carriers, in order to facilitate the provision of welfare benefits for participating entities. Through this financial support, the Trust enables these entities to continue offering essential benefits to those who rely on them. The mission of the Eversource Retirees Benefit Trust revolves around the distribution of funds to ensure the continuation of welfare benefit programs for various organizations and individuals.
Who is the CEO of Eversource Retirees Benefit Trust?
The Bank Of New York Mellon is the Trustee (See Schedule O) of Eversource Retirees Benefit Trust.
What is the revenue of Eversource Retirees Benefit Trust?
Eversource Retirees Benefit Trust's revenue in 2022 was $21,027,814.
Who are the executives of Eversource Retirees Benefit Trust and what are their salaries?
There is 1 key member and their salary:
- Compensation: $300,692
- Related: $0
- Other: $0
Where can I find the form 990 for Eversource Retirees Benefit Trust?
Eversource Retirees Benefit Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Eversource Retirees Benefit Trust
The Eversource Retirees Benefit Trust is a philanthropic organization dedicated to dispersing payments to carriers and similar institutions. These entities provide essential welfare benefits to various organizations and individuals. In essence, the Trust serves as a vital financial backer, enabling these groups to continue offering crucial services to their participants.
By distributing funds to these organizations, the Eversource Retirees Benefit Trust plays a pivotal role in ensuring the continuity of welfare programs. These programs cover a range of essential services, ultimately improving the quality of life for numerous beneficiaries. The Trust's mission is unwavering, as it focuses on the betterment of those who rely on these welfare benefits.
In summary, the Eversource Retirees Benefit Trust acts as a crucial financial partner to carriers and similar organizations. By providing them with necessary financial resources, the Trust empowers these entities to maintain and expand their welfare programs, ultimately benefiting a vast number of participants. The Trust's commitment to supporting these organizations is integral to the well-being of those who depend on their services.
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Impact
October, 2024
Eversource Retirees Benefit Trust significantly impacts retirees by facilitating the distribution of benefits essential for their well-being. By channeling payments to carriers and organizations that provide welfare benefits, it ensures that participants receive the necessary support for healthcare and other welfare needs. This trust plays a crucial role in safeguarding the financial and health-related interests of its members, helping them navigate their post-retirement life with increased security. Located in Pittsburgh, PA, the trust's mission is focused on enhancing the quality of life for retirees by maintaining consistent benefit provision, which ultimately fosters a sense of community and mutual support among its members.
This information is meant to be a general summary of Eversource Retirees Benefit 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: $15,172,919
- Program Service Revenue: $521,041
- Gross Receipts: $21,027,814
Assets and Liabilities:
- Total Assets: $688,810,506
- Total Liabilities: $23,564,031
- Net Assets: $665,246,475
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYEE CONTRIBUTIONS
Revenue
$519,413
EMPLOYER CONTRIBUTIONS
Revenue
$1,628
Organization Details
Founding Year
1993
Phone
(412) 234-2242Principal Officer
The Bank Of New York Mellon
Main Address
C/O THE BNYM PO BOX 535007, PITTSBURGH, PA, 152535007
NTEE Category
Code: Y40 - Mutual benefit
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