Overview
What is Portland General Electric Company Veba?
Portland General Electric Company Veba, located in Des Moines, Iowa, is a nonprofit entity that focuses on managing health benefit claims for its employees covered under collectively bargained plans. The organization's primary mission revolves around providing financial support for employees' healthcare needs, ensuring that appropriate payments are made according to the agreed-upon terms. While the information provided does not detail the reach or scope beyond this specific function, it is clear that Portland General Electric Company Veba plays a crucial role in supporting the health and wellbeing of its workforce through its health benefits administration.
Is Portland General Electric Company Veba legitimate?
Portland General Electric Company Veba is a legitimate nonprofit organization registered as a 501(c)(9) entity. Portland General Electric Company 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: $5,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Portland General Electric Company Veba?
Portland General Electric Company Veba's mission, as outlined in its operations, is centered around the payment of health benefit claims for its employee population. This is carried out under collectively bargained plans, demonstrating a commitment to the wellbeing and healthcare coverage of its workforce. The company's activities primarily revolve around processing and fulfilling these health benefit claims, ensuring that eligible employees have access to the medical coverage they are entitled to. This mission underscores Portland General Electric Company Veba's role in supporting the health and financial security of its employees.
Who is the CEO of Portland General Electric Company Veba?
Principal Financial Group is the Trustee of Portland General Electric Company Veba.
What is the revenue of Portland General Electric Company Veba?
Portland General Electric Company Veba's revenue in 2022 was $2,106,210.
Who are the executives of Portland General Electric Company Veba and what are their salaries?
There is 1 key member and their salary:
- Compensation: $5,000
- Related: $0
- Other: $0
Where can I find the form 990 for Portland General Electric Company Veba?
Portland General Electric Company Veba's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Portland General Electric Company Veba
Portland General Electric Company Veba, in its mission, is dedicated to processing health benefit claims for employees covered under collectively bargained plans. This organization plays a crucial role in ensuring the financial coverage of employees' healthcare needs, facilitating the payment of claims in accordance with the agreed-upon terms of their contracts. By fulfilling this role, Portland General Electric Company Veba contributes to the overall well-being of its employees by providing them with the necessary financial support for their health benefits. By managing these claims effectively, the organization helps to alleviate any potential financial burdens that employees might face in accessing essential healthcare services.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
Portland General Electric Company Veba plays a crucial role in supporting the health and well-being of employees covered under its collectively bargained plan. By providing financial assistance for health benefit claims, it ensures that employees have access to necessary medical services and treatments without facing prohibitive out-of-pocket costs. This support not only alleviates financial stress but also enhances employee satisfaction and retention. Ultimately, by facilitating these health benefits, the organization contributes to a healthier, more productive workforce, positively impacting both employees and the broader community in Des Moines, IA.
This information is meant to be a general summary of Portland General Electric Company 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: $692,639
- Program Service Revenue: $1,413,571
- Gross Receipts: $2,603,230
Assets and Liabilities:
- Total Assets: $13,866,937
- Total Liabilities: $0
- Net Assets: $13,866,937
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYER CONTRIBUTION
Revenue
$1,413,571
Organization Details
Founding Year
2004
Phone
(602) 562-0883Principal Officer
Principal Financial Group
Main Address
PO BOX 10316, DES MOINES, IA, 50306
NTEE Category
Code: Y43 - Mutual benefit
If you are a representative of Portland General Electric Company Veba and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.