Veba Health Insurance Trust For Non-Union Employees Of Keyspan

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

EIN: 134009945 ✦ Pittsburgh, PA ✦ Designated as a 501(c)(9)

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Overview

What is Veba Health Insurance Trust For Non-Union Employees Of Keyspan?

Veba Health Insurance Trust for Non-Union Employees of Keyspan is a nonprofit organization that offers welfare benefits to eligible employees of Keyspan, who are not part of a union. Operating as a fraternal beneficiary society and voluntary employees association, this trust provides essential services to its members from Pittsburgh. The main mission of Veba Health Insurance Trust is to deliver welfare benefits to its eligible Keyspan employees, fulfilling its role as a supportive society for these non-union employees.

Is Veba Health Insurance Trust For Non-Union Employees Of Keyspan legitimate?

Veba Health Insurance Trust For Non-Union Employees Of Keyspan is a legitimate nonprofit organization registered as a 501(c)(9) entity. Veba Health Insurance Trust For Non-Union Employees Of Keyspan 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: $11,281
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here

What is the mission statement of Veba Health Insurance Trust For Non-Union Employees Of Keyspan?

The Veba Health Insurance Trust for Non-Union Employees of Keyspan serves as a fraternal beneficiary society and voluntary employees association, providing welfare benefits to eligible employees. Its mission, in essence, is to ensure the well-being of these non-union employees by offering them essential benefits. As a trust, it operates on a collective basis, pooling resources to offer comprehensive welfare solutions. The trust's activities are geared towards enhancing the overall welfare of its members, providing them with the necessary support during their employment with Keyspan.

What is the revenue of Veba Health Insurance Trust For Non-Union Employees Of Keyspan?

Veba Health Insurance Trust For Non-Union Employees Of Keyspan's revenue in 2023 was $24,480,894.

Who are the executives of Veba Health Insurance Trust For Non-Union Employees Of Keyspan and what are their salaries?

There is 1 key member and their salary:


The Bank Of New York Mellon (Trustee (See Schedule O))
  • Compensation: $11,281
  • Related: $0
  • Other: $0
Where can I find the form 990 for Veba Health Insurance Trust For Non-Union Employees Of Keyspan?

Veba Health Insurance Trust For Non-Union Employees Of Keyspan's most recent form 990 was submitted in 2023 and can be accessed here.

Mission Statement of Veba Health Insurance Trust For Non-Union Employees Of Keyspan

Veba Health Insurance Trust for Non-Union Employees of Keyspan serves as a fraternal beneficiary society and voluntary employees association, providing welfare benefits to eligible non-union employees. In this role, the trust aims to support its members by offering a range of welfare benefits. The mission of Veba Health Insurance Trust for Non-Union Employees of Keyspan is to act as a safety net for its members, offering essential benefits during times of need. This mission is carried out with a sense of fraternity and solidarity, reflecting the values of a voluntary employees association.

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Impact




October, 2024

Veba Health Insurance Trust for Non-Union Employees of Keyspan plays a critical role in enhancing the welfare of eligible non-union employees through the provision of essential benefits. By functioning as a fraternal beneficiary society and voluntary employees association, it fosters a sense of community among members while directly addressing their healthcare needs.

The trust ensures that non-union employees have access to vital health insurance and welfare benefits, alleviating the financial burden associated with medical expenses. This impact not only supports the well-being of employees but also contributes to a more stable workforce, as employees can focus on their roles without the stress of healthcare uncertainties.

Additionally, the trust reinforces the value of collective support, creating an environment where employees can rely on shared resources and services that cater to their unique needs. In doing so, Veba Health Insurance Trust promotes a sense of belonging and mutual aid among its members, ultimately enhancing their overall quality of life.




This information is meant to be a general summary of Veba Health Insurance Trust For Non-Union Employees Of Keyspan. 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
$24,480,894 (2023)
Expenses
$35,618,365 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $4,272,470
  • Program Service Revenue: $3,159,953
  • Gross Receipts: $129,469,090

Assets and Liabilities:

  • Total Assets: $69,168,222
  • Total Liabilities: $1,727,586
  • Net Assets: $67,440,636

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Programs

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

EMPLOYER CONTRIBUTIONS

Revenue

$3,159,953

Organization Details

Founding Year

1998

Principal Officer

The Bank Of New York Mellon

NTEE Category

Code: Y43 - Mutual benefit

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