Granite State Electric Co Post Ret Bnft Niagra Mohawk Represented Health Veba

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 133751316 ✦ Pittsburgh, PA ✦ Designated as a 501(c)(9)

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Overview

What is Granite State Electric Co Post Ret Bnft Niagra Mohawk Represented Health Veba?

Granite State Electric Co's Post Ret Bnft Niagra Mohawk Represented Health Veba is a nonprofit organization focused on providing post-retirement health benefits for represented employees. Based on the given information, this entity is headquartered in Pittsburgh, Pennsylvania, with a specific mailing address at PO Box 535007, zip code 15253. The organization's primary mission revolves around administering and managing health benefits for retired employees who were previously represented by Niagra Mohawk in Granite State Electric Co.

Is Granite State Electric Co Post Ret Bnft Niagra Mohawk Represented Health Veba legitimate?

Granite State Electric Co Post Ret Bnft Niagra Mohawk Represented Health Veba is a legitimate nonprofit organization registered as a 501(c)(9) entity. Granite State Electric Co Post Ret Bnft Niagra Mohawk Represented Health Veba 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: $34,404
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here

What is the mission statement of Granite State Electric Co Post Ret Bnft Niagra Mohawk Represented Health Veba?

Granite State Electric Co Post Ret Bnft Niagra Mohawk Represented Health Veba is dedicated to providing post-retirement health benefits for represented employees. This organization aims to ensure the health and well-being of its members even after their retirement years. The mission is to offer essential health coverage and support, enabling employees to maintain a good quality of life during their retirement. The organization's activities focus on securing and managing health benefits tailored to the needs of its represented employees. Through diligent efforts, they strive to provide peace of mind, allowing retirees to enjoy their golden years with confidence and security.

Who is the CEO of Granite State Electric Co Post Ret Bnft Niagra Mohawk Represented Health Veba?

The Bank Of New York Mellon is the Trustee (See Schedule O) of Granite State Electric Co Post Ret Bnft Niagra Mohawk Represented Health Veba.

What is the revenue of Granite State Electric Co Post Ret Bnft Niagra Mohawk Represented Health Veba?

Granite State Electric Co Post Ret Bnft Niagra Mohawk Represented Health Veba's revenue in 2022 was $133,623,205.

Who are the executives of Granite State Electric Co Post Ret Bnft Niagra Mohawk Represented Health Veba and what are their salaries?


There is 1 key member and their salary:


The Bank Of New York Mellon (Trustee (See Schedule O))
  • Compensation: $34,404
  • Related: $0
  • Other: $0
Where can I find the form 990 for Granite State Electric Co Post Ret Bnft Niagra Mohawk Represented Health Veba?

Granite State Electric Co Post Ret Bnft Niagra Mohawk Represented Health Veba's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Granite State Electric Co Post Ret Bnft Niagra Mohawk Represented Health Veba

Granite State Electric Co Post Ret Bnft Niagra Mohawk Represented Health Veba, also known as the organization, is dedicated to providing post-retirement health benefits for represented employees. The mission of this nonprofit entity is centered around ensuring the wellbeing of its retired members by offering them access to essential health benefits.

In more detail, Granite State Electric Co Post Ret Bnft Niagra Mohawk Represented Health Veba functions as a safety net for employees who have worked tirelessly for the company during their careers. Post-retirement, these individuals can continue to rely on the organization for comprehensive healthcare coverage. By assuming this role, the organization plays a pivotal part in promoting the financial security and peace of mind of its members.

The specific activity or mission description provided is succinct, yet it powerfully conveys the core purpose of Granite State Electric Co Post Ret Bnft Niagra Mohawk Represented Health Veba. This nonprofit entity stands as a beacon of support for represented employees as they transition into retirement, guaranteeing that they can maintain their health and well-being.

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Impact




October, 2024

Granite State Electric Co Post Ret Bnft Niagra Mohawk Represented Health Veba significantly impacts the provision of post-retirement health benefits for represented employees. By focusing on the healthcare needs of retirees, it ensures that former employees have access to essential medical services, promoting their overall well-being in later years. This initiative can alleviate financial burdens related to healthcare for retirees and their families, providing peace of mind during retirement.

Operating in Pittsburgh, PA, the entity's mission underscores the importance of mutual benefit, fostering a supportive environment for those who have dedicated their careers to the company. By offering these health benefits, it not only honors the commitment of represented employees but also strengthens community ties and enhances the quality of life for retirees. The program plays a crucial role in attracting and retaining talent, as employees value the assurance of post-retirement support. Overall, this initiative is vital for ensuring that former employees can maintain their health and independence long after their working years have concluded.




This information is meant to be a general summary of Granite State Electric Co Post Ret Bnft Niagra Mohawk Represented Health Veba. 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.

Revenue
$133,623,205 (2022)
Expenses
$60,244,049 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $125,912,134
  • Program Service Revenue: $7,455,653
  • Gross Receipts: $133,629,972

Assets and Liabilities:

  • Total Assets: $1,184,411,072
  • Total Liabilities: $2,035,405
  • Net Assets: $1,182,375,667

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

EMPLOYEE CONTRIBUTIONS

Revenue

$7,455,653

Organization Details

Founding Year

1993

Principal Officer

The Bank Of New York Mellon

Main Address

C/O THE BNYM PO BOX 535007, PITTSBURGH, PA, 152535007

NTEE Category

Code: Y43 - Mutual benefit

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