Overview
What is Entergy Corporation Companies' Non-Bargaining Employees' Welfare Benefit Trust?
Entergy Corporation Companies' Non-Bargaining Employees' Welfare Benefit Trust, often referred to as the Veba Trust, is a nonprofit entity established with the primary mission of funding post-retirement healthcare benefits for retirees from certain Entergy subsidiaries. This trust ensures that eligible retirees continue to receive essential healthcare coverage after their active employment, thereby providing financial security and peace of mind during their retirement years. The Veba Trust is committed to fulfilling this purpose, as indicated by its clear-cut mission description.
Is Entergy Corporation Companies' Non-Bargaining Employees' Welfare Benefit Trust legitimate?
Entergy Corporation Companies' Non-Bargaining Employees' Welfare Benefit Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. Entergy Corporation Companies' Non-Bargaining Employees' Welfare Benefit 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: $15,237
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Entergy Corporation Companies' Non-Bargaining Employees' Welfare Benefit Trust?
The Entergy Corporation Companies' Non-Bargaining Employees' Welfare Benefit Trust was established with a mission to provide financial support for post-retirement health benefits to retirees from certain Entergy subsidiaries. The trust's primary goal is to ensure these retirees have access to necessary healthcare services beyond their working years. The trust serves as a critical resource, providing a safety net for these individuals, ensuring they can maintain their health and well-being in retirement. The trust's activities are focused solely on fulfilling this mission, ensuring the financial security and health of its beneficiaries.
Who is the CEO of Entergy Corporation Companies' Non-Bargaining Employees' Welfare Benefit Trust?
The Bank Of New York Mellon is the Trustee of Entergy Corporation Companies' Non-Bargaining Employees' Welfare Benefit Trust.
What is the revenue of Entergy Corporation Companies' Non-Bargaining Employees' Welfare Benefit Trust?
Entergy Corporation Companies' Non-Bargaining Employees' Welfare Benefit Trust's revenue in 2022 was $4,854,938.
Who are the executives of Entergy Corporation Companies' Non-Bargaining Employees' Welfare Benefit Trust and what are their salaries?
There is 1 key member and their salary:
- Compensation: $15,237
- Related: $0
- Other: $0
Where can I find the form 990 for Entergy Corporation Companies' Non-Bargaining Employees' Welfare Benefit Trust?
Entergy Corporation Companies' Non-Bargaining Employees' Welfare Benefit Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Entergy Corporation Companies' Non-Bargaining Employees' Welfare Benefit Trust
The Entergy Corporation Companies' Non-Bargaining Employees' Welfare Benefit Trust was established with a specific mission in mind. This organization was set up to provide financial support for post-retirement health benefits for retirees of certain Entergy subsidiaries. In simpler terms, the trust serves as a financial resource to ensure that these retirees continue to receive necessary healthcare coverage after they have left their jobs. The trust's role is crucial in ensuring the well-being and health of these individuals, providing them with a measure of financial security in their retirement years.
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Impact
October, 2024
The Entergy Corporation Companies' Non-Bargaining Employees' Welfare Benefit Trust plays a crucial role in providing financial support for post-retirement health benefits to retirees of specific Entergy subsidiaries. By establishing this trust, Entergy ensures that its former employees have access to necessary healthcare resources following their retirement. This system not only aids in the financial planning for retirees but also enhances their quality of life after they leave the workforce.
The trust acts as a dedicated funding mechanism, securing the health benefits that can significantly impact retirees' well-being. It reflects Entergy's commitment to supporting its employees even after they transition from active service, fostering a sense of stability and assurance for those who dedicated their careers to the company. By maintaining this trust, Entergy strengthens its relationship with its workforce, providing reassurance that their health needs will be addressed in retirement.
This information is meant to be a general summary of Entergy Corporation Companies' Non-Bargaining Employees' Welfare Benefit 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: $4,886,417
- Gross Receipts: $23,417,688
Assets and Liabilities:
- Total Assets: $77,468,890
- Total Liabilities: $0
- Net Assets: $77,468,890
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Organization Details
Founding Year
1994
Phone
(412) 234-2242Principal Officer
The Bank Of New York Mellon
Main Address
PO BOX 535007, PITTSBURGH, PA, 152535007
NTEE Category
Code: Y40 - Mutual benefit
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