Overview
What is Washington Gas Light Company Union Veba?
Washington Gas Light Company Union Veba is a Washington, D.C.-based nonprofit organization that functions as fraternal beneficiary societies and voluntary employees associations. With a total revenue of $20,390,239 last year, the organization's primary mission is to provide postretirement benefits to its retirees. This master trust plays a crucial role in ensuring the financial security of its retirees.
Is Washington Gas Light Company Union Veba legitimate?
Washington Gas Light Company Union Veba is a legitimate nonprofit organization registered as a 501(c)(9) entity. Washington Gas Light Company Union 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: $183,964
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Washington Gas Light Company Union Veba?
Washington Gas Light Company Union Veba serves as a trust, dedicated to extending post-retirement benefits to its retirees. The organization's primary focus revolves around ensuring the well-being of its retirees by providing essential benefits following their professional careers. With a strong commitment to its mission, Washington Gas Light Company Union Veba functions as a supportive network, catering to the post-retirement needs of its members. The trust's activities are directed towards securing and managing benefits, enabling retirees to maintain a comfortable and secure lifestyle during their golden years.
Who is the CEO of Washington Gas Light Company Union Veba?
The Bank Of New York Mell is the Principal Officer of Washington Gas Light Company Union Veba.
What is the revenue of Washington Gas Light Company Union Veba?
Washington Gas Light Company Union Veba's revenue in 2022 was $19,316,228.
Who are the executives of Washington Gas Light Company Union Veba and what are their salaries?
There 8 volunteers at Washington Gas Light Company Union Veba.
Here are 9 key members and their salaries:
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- Compensation: $291,993
- Related: $255,213
- Other: $0
Where can I find the form 990 for Washington Gas Light Company Union Veba?
Washington Gas Light Company Union Veba's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Washington Gas Light Company Union Veba
Washington Gas Light Company Union Veba, a notable organization, is dedicated to providing postretirement benefits to its retirees. This master trust serves as a vital safety net for those who have spent their careers with the company, ensuring they continue to receive essential benefits in their golden years. By offering postretirement benefits, Washington Gas Light Company Union Veba demonstrates its commitment to the well-being of its retirees and fosters a sense of security and stability for those who have devoted their professional lives to the organization. The trust operates as a fraternal beneficiary society and voluntary employees association, providing necessary support and resources to its members as they transition into retirement.
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Impact
October, 2024
Washington Gas Light Company Union Veba plays a significant role in providing postretirement benefits for retirees, ensuring they receive necessary support after their careers. By operating as a fraternal beneficiary society and voluntary employees association, the organization fosters a strong sense of community among members. This collective support not only enhances the financial security of retirees but also contributes to their overall well-being.
With total revenues of $20,390,239, Washington Gas Light Company Union Veba effectively manages resources to fulfill its mission. The master trust it operates is crucial for sustaining these postretirement benefits, offering peace of mind to those who have dedicated their careers to the organization. Moreover, the impact extends beyond individual retirees, as the organization's activities promote mutual benefit and camaraderie among members in the Washington, DC area. Through its efforts, it helps maintain a legacy of support that acknowledges and rewards the loyalty of retired employees.
This information is meant to be a general summary of Washington Gas Light Company Union 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $13,079,966
- Program Service Revenue: $6,236,262
- Gross Receipts: $19,316,228
Assets and Liabilities:
- Total Assets: $321,211,981
- Total Liabilities: $0
- Net Assets: $321,211,981
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INCOME DISTRIBUTION
Revenue
$5,357,020
RETIREE CONTRIBUTIONS
Revenue
$879,242
Organization Details
Founding Year
1993
Phone
(202) 624-6055Principal Officer
The Bank Of New York Mell
Main Address
TAX DEPT 1000 MAINE AVE SW FL 7, WASHINGTON, DC, 20024
NTEE Category
Code: Y40 - Mutual benefit
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