Overview
What is Greystone Power Corp Veba Trust?
Greystone Power Corp Veba Trust is a nonprofit organization located in Hiram, Georgia. Established primarily through contributions from Greystone Power Corporation, a tax-exempt entity, and investment earnings from its assets, this trust's primary purpose is to provide health insurance coverage for eligible retirees of Greystone Power Corporation. By offering these benefits, the trust aims to support the wellbeing of retirees who have served the corporation throughout their careers.
Official website here: www.greystonepower.com
Is Greystone Power Corp Veba Trust legitimate?
Greystone Power Corp Veba Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. Greystone Power Corp Veba 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
For more financial information, click here
Official website here: www.greystonepower.com
What is the mission statement of Greystone Power Corp Veba Trust?
The Greystone Power Corp Veba Trust's mission is centered around providing retiree health benefits for eligible employees of Greystone Power Corporation. This is achieved through the use of contributions from the tax-exempt organization, Greystone Power Corporation, and investment earnings from the trust's assets. All revenues generated are dedicated to ensuring that eligible retirees of Greystone Power Corporation have access to health insurance. The trust's income is solely utilized for this purpose.
Official website here: www.greystonepower.com
What is the revenue of Greystone Power Corp Veba Trust?
Greystone Power Corp Veba Trust's revenue in 2024 was $5,391,517.
Official website here: www.greystonepower.com
Who are the executives of Greystone Power Corp Veba Trust and what are their salaries?
There is 1 key member and their salary:
- Compensation: $143,181
- Related: $0
- Other: $0
Official website here: www.greystonepower.com
Where can I find the form 990 for Greystone Power Corp Veba Trust?
Greystone Power Corp Veba Trust's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.greystonepower.com
Learn more at the official website: www.greystonepower.com
Mission Statement of Greystone Power Corp Veba Trust
Greystone Power Corp Veba Trust is a mission-driven entity dedicated to providing certain retiree health benefits for eligible employees of Greystone Power Corporation. Its primary objective is to ensure the wellbeing of these retired workers by offering health insurance coverage. The trust's income is derived from contributions made by Greystone Power Corporation, a tax-exempt organization, and investment earnings from the plan's assets. All revenues generated are exclusively used for the purpose of providing health insurance benefits to eligible retirees of Greystone Power Corporation. In essence, Greystone Power Corp Veba Trust serves as a safety net for these retirees, ensuring they have access to necessary healthcare services during their retirement years.
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Impact
October, 2024
Greystone Power Corp Veba Trust plays a crucial role in enhancing the welfare of retirees from Greystone Power Corporation by providing essential health benefits. The trust's income, generated from contributions by Greystone Power Corporation and investment earnings, is dedicated solely to health insurance for eligible retirees. This financial support helps ensure that former employees can access necessary healthcare services, contributing to their overall well-being in retirement. By focusing on the health benefits of retirees, the trust not only supports the individuals who dedicated their careers to the company but also fosters a sense of community and responsibility within the organization.
This information is meant to be a general summary of Greystone Power Corp Veba 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 2024.
- Investment Income: $1,978,958
- Program Service Revenue: $466,360
- Gross Receipts: $5,391,517
Assets and Liabilities:
- Total Assets: $37,300,948
- Total Liabilities: $466,360
- Net Assets: $36,834,588
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CONTRIBUTIONS
Revenue
$466,360
Organization Details
Founding Year
2003
Principal Officer
Gary A Miller
Website
www.greystonepower.comNTEE Category
Code: Y43 - Mutual benefit
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