Overview
What is Dte Energy Company Master Veba Trust?
Dte Energy Company Master Veba Trust is a nonprofit organization established to ensure the financial provision of post-retirement life insurance, sickness, accident, and other related benefits for eligible employees and their beneficiaries. This trust, located in Detroit, Michigan, operates under welfare benefit plans that are maintained or contributed to by Dte Energy Company. Its primary mission is to provide financial support for these benefits, ensuring a sense of security for retirees and their families. The trust is a vital resource for Dte Energy Company employees, ensuring they can enjoy peace of mind during their retirement years.
Is Dte Energy Company Master Veba Trust legitimate?
Dte Energy Company Master Veba Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. Dte Energy Company Master Veba 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: $444,335
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Dte Energy Company Master Veba Trust?
The Dte Energy Company Master Veba Trust was established with the primary goal of ensuring the financing of post-retirement benefits. These benefits include life insurance, sickness coverage, accident protection, and other related benefits under certain welfare benefit plans supported or contributed to by Dte Energy Company. The trust's mission is to provide financial support for these benefits to eligible employees and their beneficiaries. The Veba trust serves as a safety net, ensuring that retired employees can continue to enjoy certain health and financial protections. It is a testament to Dte Energy Company's commitment to the well-being of its employees beyond their active working years.
Who is the CEO of Dte Energy Company Master Veba Trust?
Greg Duren is the Trustee of Dte Energy Company Master Veba Trust.
What is the revenue of Dte Energy Company Master Veba Trust?
Dte Energy Company Master Veba Trust's revenue in 2022 was -$131,124,165.
Who are the executives of Dte Energy Company Master Veba Trust and what are their salaries?
There is 1 key member and their salary:
- Compensation: $444,335
- Related: $0
- Other: $0
Where can I find the form 990 for Dte Energy Company Master Veba Trust?
Dte Energy Company Master Veba Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Dte Energy Company Master Veba Trust
The Dte Energy Company Master Veba Trust was established with a mission to ensure the funding of post-retirement life insurance, sickness, accident, and other similar benefits under certain welfare benefit plans maintained or contributed to by Dte Energy Company. This trust serves to provide financial support for eligible employees and their beneficiaries, ensuring they continue to receive these benefits after retirement. The purpose of the trust is to ensure the financial security of its beneficiaries in their post-retirement years, providing them with peace of mind and essential support during this stage of their lives.
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Impact
October, 2024
The DTE Energy Company Master VEBA Trust plays a crucial role in securing financial stability for eligible employees and beneficiaries by providing funding for various post-retirement benefits. This includes essential coverage for life insurance, sickness, and accident benefits, ensuring that former employees have access to necessary support during their retirement years. By maintaining and contributing to specific welfare benefit plans, the trust helps alleviate financial burdens associated with health and wellness, contributing to improved quality of life for retirees in the Detroit area and beyond. Its mission underscores a commitment to the well-being of employees, creating a safety net that reflects the values of mutual benefit and support within the workforce.
This information is meant to be a general summary of Dte Energy Company Master Veba 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: -$142,088,465
- Program Service Revenue: $10,964,300
- Gross Receipts: $3,360,480,673
Assets and Liabilities:
- Total Assets: $1,343,577,902
- Total Liabilities: $29,877,573
- Net Assets: $1,313,700,329
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYER/EMPLOYEE CONTRIBUTIONS
Revenue
$10,964,300
Organization Details
Founding Year
1993
Phone
(313) 235-1662Principal Officer
Greg Duren
Main Address
ONE ENERGY PLAZA NO 852WCB, DETROIT, MI, 482261221
NTEE Category
Code: Y43 - Mutual benefit
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