Overview
What is Consolidated Edison Of Ny Inc Master Veba Retiree Health Trust?
Consolidated Edison of New York Inc's Master Veba Retiree Health Trust is a charitable entity based in New York City. This trust is dedicated to providing medical benefits for its plan participants and their eligible dependents. The trust, with its US address at 4 Irving Place 2nd Floor, New York, NY 10003, aims to alleviate medical expenses for those covered under its purview. The trust's mission is clear and concise: it exists to pay for medical costs incurred by its members and their qualified dependents.
Is Consolidated Edison Of Ny Inc Master Veba Retiree Health Trust legitimate?
Consolidated Edison Of Ny Inc Master Veba Retiree Health Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. Consolidated Edison Of Ny Inc Master Veba Retiree Health 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: $21,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Consolidated Edison Of Ny Inc Master Veba Retiree Health Trust?
The Consolidated Edison of New York Inc Master Veba Retiree Health Trust is dedicated to providing medical benefits for its participants and their eligible dependents. The trust's primary objective is to offer financial assistance in covering medical expenses incurred by those enrolled in the plan. This support extends to ensuring the health and wellbeing of retirees, enabling them to focus on their recovery and overall well-being. By providing these benefits, the trust plays a crucial role in alleviating the financial burden of healthcare costs for its members. Additionally, the trust's commitment strengthens the stability and peace of mind for retirees, allowing them to focus on their retirement years with confidence.
Who is the CEO of Consolidated Edison Of Ny Inc Master Veba Retiree Health Trust?
The Bank Of New York Mellon is the Trustee (See Schedule O) of Consolidated Edison Of Ny Inc Master Veba Retiree Health Trust.
What is the revenue of Consolidated Edison Of Ny Inc Master Veba Retiree Health Trust?
Consolidated Edison Of Ny Inc Master Veba Retiree Health Trust's revenue in 2022 was $63,562,123.
Who are the executives of Consolidated Edison Of Ny Inc Master Veba Retiree Health Trust and what are their salaries?
There is 1 key member and their salary:
- Compensation: $21,000
- Related: $0
- Other: $0
Where can I find the form 990 for Consolidated Edison Of Ny Inc Master Veba Retiree Health Trust?
Consolidated Edison Of Ny Inc Master Veba Retiree Health Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Consolidated Edison Of Ny Inc Master Veba Retiree Health Trust
Consolidated Edison of Ny Inc Master Veba Retiree Health Trust is a mission-driven organization dedicated to providing medical benefits for its plan participants and their eligible dependents. In simple terms, it ensures that healthcare expenses are covered for those who have retired from the company.
The Trust's primary focus is on delivering essential health benefits to those who have worked tirelessly for Consolidated Edison of New York Inc. By doing so, it aims to provide peace of mind and financial security to retirees, allowing them to focus on their wellbeing during their post-career years. The Trust's commitment to its members extends to their dependents, ensuring that they too have access to necessary healthcare services.
In essence, Consolidated Edison of Ny Inc Master Veba Retiree Health Trust serves as a vital safety net, providing critical medical benefits to its members. It is an investment in the health and well-being of those who have dedicated their careers to the company. By doing so, it reinforces the importance of health and the role it plays in the overall quality of life for retirees and their families.
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Impact
October, 2024
The Consolidated Edison Of NY Inc Master VEBA Retiree Health Trust has a significant impact by providing essential financial support for medical expenses incurred by its plan participants and their eligible dependents. This support ensures that retirees and their families have access to necessary healthcare services, alleviating financial burdens associated with medical costs. By focusing on healthcare benefits, the Trust plays a crucial role in enhancing the overall well-being of retirees, promoting healthier lifestyles, and contributing to the stability of their post-employment lives. Ultimately, it fosters a sense of security and peace of mind for individuals who have dedicated their careers to the company, ensuring that they can manage healthcare needs effectively in retirement.
This information is meant to be a general summary of Consolidated Edison Of Ny Inc Master Veba Retiree Health 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: $76,438
- Program Service Revenue: $63,485,685
- Gross Receipts: $63,562,123
Assets and Liabilities:
- Total Assets: $22,568,845
- Total Liabilities: $85,684
- Net Assets: $22,483,161
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYEE CONTRIBUTIONS
Revenue
$20,896,405
EMPLOYER CONTRIBUTIONS
Revenue
$1,517,499
CONTRIBUTIONS FROM RELATED 401(H)
Revenue
$28,200,000
OTHER CONTRIBUTIONS
Revenue
$12,871,781
Organization Details
Founding Year
1993
Phone
(412) 234-1091Principal Officer
The Bank Of New York Mellon
Main Address
4 Irving Place 2ND FLOOR, New York, NY, 10003
NTEE Category
Code: Y40 - Mutual benefit
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