Overview
What is Yankee Atomic Electric Company Employee Welfare Program Trust?
The Yankee Atomic Electric Company Employee Welfare Program Trust is a nonprofit organization based in Boston, Massachusetts. Its primary objective is to provide health and welfare benefits for both active and retired employees of Yankee Atomic Electric Company. This includes life, health, and dental coverage for its retired members. The trust operates as a welfare benefit plan, offering essential benefits to eligible retired union and nonunion employees of the company.
Is Yankee Atomic Electric Company Employee Welfare Program Trust legitimate?
Yankee Atomic Electric Company Employee Welfare Program Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. Yankee Atomic Electric Company Employee Welfare Program 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: $5,929
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Yankee Atomic Electric Company Employee Welfare Program Trust?
The Yankee Atomic Electric Company Employee Welfare Program Trust is a non-profit entity established to offer health and welfare benefits to eligible retired employees. Its primary mission is to provide financial assistance in the form of life, health, and dental benefits for these retired individuals. The trust is dedicated to supporting the well-being of its beneficiaries, who are former union and non-union employees of Yankee Atomic Electric Company. The trust operates as a welfare benefit plan, striving to improve the quality of life for its retirees.
Who is the CEO of Yankee Atomic Electric Company Employee Welfare Program Trust?
Timothy Conry is the Trustee As Required of Yankee Atomic Electric Company Employee Welfare Program Trust.
What is the revenue of Yankee Atomic Electric Company Employee Welfare Program Trust?
Yankee Atomic Electric Company Employee Welfare Program Trust's revenue in 2022 was $2,375,788.
Who are the executives of Yankee Atomic Electric Company Employee Welfare Program Trust and what are their salaries?
There is 1 key member and their salary:
- Compensation: $5,929
- Related: $0
- Other: $0
Where can I find the form 990 for Yankee Atomic Electric Company Employee Welfare Program Trust?
Yankee Atomic Electric Company Employee Welfare Program Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Yankee Atomic Electric Company Employee Welfare Program Trust
The Yankee Atomic Electric Company Employee Welfare Program Trust is a non-profit entity established with the primary mission of providing health and welfare benefits to both active and retired employees of Yankee Atomic Electric Company. This trust operates as a welfare benefit plan, dedicating its resources towards offering benefits to eligible retired union and non-union employees of the company. The main focus of the trust lies in providing financial assistance through the payment of life, health, and dental benefits for its retired members. By offering these benefits, the Yankee Atomic Electric Company Employee Welfare Program Trust aims to ensure the well-being and security of its beneficiaries, providing them with peace of mind and support during their post-employment years.
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Impact
October, 2024
The Yankee Atomic Electric Company Employee Welfare Program Trust significantly enhances the well-being of both active and retired employees through the provision of essential health and welfare benefits. By facilitating payment for life, health, and dental coverage, the trust ensures that retirees have access to vital medical care and support during their post-employment years. This commitment to employee welfare fosters a sense of security and gratitude among those who have served the company, contributing to a positive workplace culture and reinforcing loyalty.
Moreover, the trust not only serves the immediate needs of retired union and nonunion employees but also strengthens community ties in Boston, Massachusetts, by promoting the health and financial stability of its beneficiaries. The ongoing provision of these benefits reflects a deep-rooted commitment to the well-being of employees, highlighting the importance of looking after those who have dedicated their careers to the energy sector. Overall, the trust's impact extends beyond individual health benefits, contributing to a supportive environment that values and respects the contributions of its workforce.
This information is meant to be a general summary of Yankee Atomic Electric Company Employee Welfare Program 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: $1,678,679
- Program Service Revenue: $370,985
- Gross Receipts: $14,370,107
Assets and Liabilities:
- Total Assets: $18,451,593
- Total Liabilities: $12,877
- Net Assets: $18,438,716
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYER CONTRIBUTIONS
Revenue
$279,051
EMPLOYEE/PARTICIPANT CONTRIBUTION
Revenue
$91,934
Organization Details
Founding Year
1993
Phone
(617) 807-5000Principal Officer
Timothy Conry
Main Address
CO MARCUM LLP 53 STATE ST 17TH F, BOSTON, MA, 02109
NTEE Category
Code: Y40 - Mutual benefit
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