Overview
What is Consolidated Edison Master Retiree Health Veba Trust For Weekly Employees?
Consolidated Edison Master Retiree Health Veba Trust for Weekly Employees is a nonprofit organization established to provide health benefit coverage to eligible retirees. Based in New York City, the trust is funded through a Veba (Voluntary Employees' Beneficiary Association) trust. The organization's primary mission is to ensure that retirees have continued access to essential health benefits, enhancing their overall wellbeing. The trust's reach is limited to the retirees of Consolidated Edison, the New York-based utility company.
What are the reviews and ratings of this charity?
The Consolidated Edison Master Retiree Health Veba Trust For Weekly Employees currently lacks a rating from Charity Navigator. This is due to its status as an organization not filed under 501(c)(3), rendering it ineligible for evaluation under Charity Navigator's standard methodologies, including Accountability & Finance, and Impact & Measurement.
The lack of an official rating should not be interpreted as a negative or positive reflection of the organization. It primarily means that the organization does not meet the criteria for evaluation under Charity Navigator’s current beacons. For instance, without the necessary Form 990 filings, there is no data available on their financial performance or the salary of key persons.
There are no user reviews available on GreatNonprofits for this organization. Thus, there's no public feedback to provide insight into the experiences of beneficiaries or contributors.
This AI summary has been generated from information found on Charity Navigator.
Is Consolidated Edison Master Retiree Health Veba Trust For Weekly Employees legitimate?
Consolidated Edison Master Retiree Health Veba Trust For Weekly Employees is a legitimate nonprofit organization registered as a 501(c)(9) entity. Consolidated Edison Master Retiree Health Veba Trust For Weekly Employees 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: $21,333
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Consolidated Edison Master Retiree Health Veba Trust For Weekly Employees?
The Consolidated Edison Master Retiree Health Veba Trust for Weekly Employees functions as an employee benefit plan. Its primary goal is to ensure the provision of health benefit coverage for all eligible retirees, funded through the VEBA trust. The trust prioritizes the health and wellbeing of its retiree beneficiaries, offering them essential coverage. By providing health benefits, the trust enables retirees to maintain their health and live comfortably during their post-employment years. The trust's commitment to health coverage is a testament to its dedication to the well-being of its retirees.
Who is the CEO of Consolidated Edison Master Retiree Health Veba Trust For Weekly Employees?
The Bank Of New York Mellon is the Trustee (See Schedule O) of Consolidated Edison Master Retiree Health Veba Trust For Weekly Employees.
What is the revenue of Consolidated Edison Master Retiree Health Veba Trust For Weekly Employees?
Consolidated Edison Master Retiree Health Veba Trust For Weekly Employees's revenue in 2022 was $24,955,577.
Who are the executives of Consolidated Edison Master Retiree Health Veba Trust For Weekly Employees and what are their salaries?
There is 1 key member and their salary:
- Compensation: $21,333
- Related: $0
- Other: $0
Where can I find the form 990 for Consolidated Edison Master Retiree Health Veba Trust For Weekly Employees?
Consolidated Edison Master Retiree Health Veba Trust For Weekly Employees's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Consolidated Edison Master Retiree Health Veba Trust For Weekly Employees
The Consolidated Edison Master Retiree Health Veba Trust For Weekly Employees is a charitable organization dedicated to providing health benefit coverage to eligible retirees. This employee benefit plan, funded through the VEBA trust, is a crucial aspect of the organization's mission to ensure the wellbeing of its retired members. The trust prioritizes the health and welfare of its retirees, offering them essential health benefits to maintain their overall wellbeing.
The Consolidated Edison Master Retiree Health Veba Trust For Weekly Employees plays a vital role in securing the future health benefits of its retired employees. By providing health benefit coverage, the trust enables its retirees to access essential medical services, ensuring they can live their post-career years with peace of mind. The organization takes pride in its commitment to its retirees, offering them continuity of care and financial security in their golden years.
The trust's mission is simple yet impactful: to make a difference in the lives of its retirees by offering them access to comprehensive health benefits. The Consolidated Edison Master Retiree Health Veba Trust For Weekly Employees serves as a safety net for its retirees, providing them with the necessary health coverage that they deserve. By doing so, the organization demonstrates its unwavering dedication to the wellbeing and happiness of its retired workforce.
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Impact
October, 2024
The Consolidated Edison Master Retiree Health VEBA Trust for Weekly Employees plays a critical role in supporting the health and well-being of eligible retirees by providing comprehensive health benefit coverage. This program ensures that former employees have access to necessary medical services and health care, easing the financial burden associated with medical expenses in retirement. By facilitating these benefits, the trust contributes to a stable and secure post-employment life for retirees, enhancing their quality of life and overall health outcomes. Its mission underscores the importance of supporting those who have dedicated their careers to the company, fostering a sense of community and mutual support among past workers. The trust's operations signify a commitment to ensuring that retirees can maintain their health and wellness, which not only benefits them individually but also contributes positively to the broader community.
This information is meant to be a general summary of Consolidated Edison Master Retiree Health Veba Trust For Weekly Employees. 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: -$16,290,325
- Program Service Revenue: $41,256,217
- Gross Receipts: $69,838,749
Assets and Liabilities:
- Total Assets: $455,290,946
- Total Liabilities: $1,623,637
- Net Assets: $453,667,309
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYEE CONTRIBUTIONS
Revenue
$26,013,719
OTHER CONTRIBUTIONS
Revenue
$15,242,498
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: Y43 - Mutual benefit
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