Overview
What is Consolidated Edison Post Retirement Life Insurance Veba Trust For Mgmt Ees?
Consolidated Edison Post Retirement Life Insurance Veba Trust For Mgmt Ees is a nonprofit entity, specifically a trust, located in New York City, New York. Its primary mission is to offer life insurance coverage to eligible retirees, funded through a Veba (Voluntary Employers' Beneficiary Association) trust. This trust aims to provide a financial safety net for retired employees, ensuring they have life insurance coverage as part of their post-retirement benefits. The trust's activities are focused on this life insurance provision, ensuring eligible retirees have the necessary protection.
Is Consolidated Edison Post Retirement Life Insurance Veba Trust For Mgmt Ees legitimate?
Consolidated Edison Post Retirement Life Insurance Veba Trust For Mgmt Ees is a legitimate nonprofit organization registered as a 501(c)(9) entity. Consolidated Edison Post Retirement Life Insurance Veba Trust For Mgmt Ees 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: $21,167
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Consolidated Edison Post Retirement Life Insurance Veba Trust For Mgmt Ees?
The Consolidated Edison Post Retirement Life Insurance Veba Trust For Mgmt Ees, funded through a VEBA trust, serves a specific mission. This mission involves providing life insurance coverage to all eligible retirees. The plan's primary goal is to ensure financial security for these retirees, offering a crucial safety net during their post-employment years. The Veba trust functions as the financial backbone, enabling the provision of this essential coverage. The plan's purpose is to offer peace of mind and financial stability to the retirees, ensuring they can focus on their post-retirement lives with confidence.
Who is the CEO of Consolidated Edison Post Retirement Life Insurance Veba Trust For Mgmt Ees?
The Bank Of New York Mellon is the Trustee (See Schedule O) of Consolidated Edison Post Retirement Life Insurance Veba Trust For Mgmt Ees.
What is the revenue of Consolidated Edison Post Retirement Life Insurance Veba Trust For Mgmt Ees?
Consolidated Edison Post Retirement Life Insurance Veba Trust For Mgmt Ees's revenue in 2022 was $5,113,477.
Who are the executives of Consolidated Edison Post Retirement Life Insurance Veba Trust For Mgmt Ees and what are their salaries?
There is 1 key member and their salary:
- Compensation: $21,167
- Related: $0
- Other: $0
Where can I find the form 990 for Consolidated Edison Post Retirement Life Insurance Veba Trust For Mgmt Ees?
Consolidated Edison Post Retirement Life Insurance Veba Trust For Mgmt Ees's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Consolidated Edison Post Retirement Life Insurance Veba Trust For Mgmt Ees
Consolidated Edison Post Retirement Life Insurance Veba Trust for Mgmt Ees, funded through a Veba trust, is dedicated to providing life insurance coverage to all eligible retirees. This organization's mission is to ensure the financial security of its retirees by offering them comprehensive life insurance coverage. The plan, funded through the Veba trust, serves as a safety net for these individuals, providing them with peace of mind in their post-retirement years. The plan's main objective is to offer life insurance coverage to all eligible retirees, thereby ensuring their families are financially protected in case of an unfortunate event.
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Impact
October, 2024
Consolidated Edison Post Retirement Life Insurance VEBA Trust for Management Employees significantly impacts eligible retirees by providing them with life insurance coverage. This plan ensures financial security for retirees and their beneficiaries following their departure from the workforce. By funding this coverage through a Voluntary Employee Beneficiary Association (VEBA) trust, the organization effectively manages the benefits while promoting mutual support among members. The trust operates in New York, enhancing the peace of mind for retirees who can rely on this financial safety net in their later years. The life insurance provided not only offers protection for families but also fosters a sense of community and support among retirees.
This information is meant to be a general summary of Consolidated Edison Post Retirement Life Insurance Veba Trust For Mgmt Ees. 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: $835,931
- Program Service Revenue: $4,276,859
- Gross Receipts: $13,147,283
Assets and Liabilities:
- Total Assets: $57,629,757
- Total Liabilities: $56,149
- Net Assets: $57,573,608
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYER CONTRIBUTIONS
Revenue
$3,282,054
EMPLOYEE CONTRIBUTIONS
Revenue
$994,805
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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