Overview
What is Transwestern Pipeline Llc Veba?
Transwestern Pipeline LLC Veba is a nonprofit organization situated in Las Vegas, Nevada. Primarily functioning as fraternal beneficiary societies and voluntary employees associations, the organization plays a crucial role in providing health and welfare benefits to its retirees and their dependents. Last year, they reported a total revenue of $706,355. The funding mechanism for these benefits is through a trust known as the VEBA Trust, serving as the financial vehicle for the plan sponsors to fulfill their obligations towards their retired employees' well-being.
Is Transwestern Pipeline Llc Veba legitimate?
Transwestern Pipeline Llc Veba is a legitimate nonprofit organization registered as a 501(c)(9) entity. Transwestern Pipeline Llc 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: $1,313
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Transwestern Pipeline Llc Veba?
Transwestern Pipeline Llc Veba serves as the funding mechanism for plan sponsors to cover the health and welfare benefits for their retired employees and their dependents. This organization operates with the primary objective of ensuring the continued provision of these benefits. By acting as a trust, Transwestern Pipeline Llc Veba facilitates the payment of these benefits, thereby providing financial security for retirees and their families. The organization's activities are primarily focused on managing and administering this trust fund to meet its stated mission.
Who is the CEO of Transwestern Pipeline Llc Veba?
Principal Financial Group is the Principal Officer of Transwestern Pipeline Llc Veba.
What is the revenue of Transwestern Pipeline Llc Veba?
Transwestern Pipeline Llc Veba's revenue in 2022 was $162,460.
Who are the executives of Transwestern Pipeline Llc Veba and what are their salaries?
There is 1 key member and their salary:
- Compensation: $1,313
- Related: $0
- Other: $0
Where can I find the form 990 for Transwestern Pipeline Llc Veba?
Transwestern Pipeline Llc Veba's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Transwestern Pipeline Llc Veba
Transwestern Pipeline Llc Veba serves as a vital funding vehicle for the payment of health and welfare benefits to retirees and their dependents. This organization, functioning as a fraternal beneficiary society or voluntary employees association, plays a significant role in ensuring the continued well-being of retired individuals and their families by facilitating the sponsors' payments for these essential benefits. The mission of Transwestern Pipeline Llc Veba is to act as an intermediary, enabling the necessary financial support to be provided for retirees and their dependents, ensuring they can access essential health and welfare benefits.
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Impact
October, 2024
Transwestern Pipeline LLC VEBA plays a crucial role in supporting the health and welfare of retirees and their dependents by serving as a funding mechanism for benefits. This organization ensures that retired employees can access essential healthcare services, which contributes to their overall well-being and financial security during retirement.
By focusing on the provision of health and welfare benefits, Transwestern Pipeline LLC VEBA alleviates some of the financial burdens that retirees may face, allowing them to maintain a better quality of life. The organization's activities directly impact the community by reinforcing the importance of supporting retired employees, thereby fostering a sense of stability and mutual assistance among participants.
Generating substantial revenue, the VEBA Trust demonstrates its effectiveness in managing resources to provide ongoing support to its members, ensuring that retirees have access to necessary healthcare options. In this way, Transwestern Pipeline LLC VEBA not only fulfills its mission but also strengthens the fabric of support within the community it serves.
This information is meant to be a general summary of Transwestern Pipeline Llc 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: $162,460
- Gross Receipts: $162,460
Assets and Liabilities:
- Total Assets: $7,479,126
- Total Liabilities: $0
- Net Assets: $7,479,126
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYER CONTRIBUTIONS
Organization Details
Founding Year
2005
Phone
(602) 562-0883Principal Officer
Principal Financial Group
Main Address
PO BOX 10316, DES MOINES, IA, 50306
NTEE Category
Code: Y43 - Mutual benefit
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