Florida Gas Transmission Co Veba

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

EIN: 206819759 ✦ Des moines, IA ✦ Designated as a 501(c)(9)

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Overview

What is Florida Gas Transmission Co Veba?

Florida Gas Transmission Co Veba serves as a funding mechanism for plan sponsors, offering health and welfare benefits to retired employees and their dependents. Situated in Des Moines, Iowa, this Veba trust does not have unique programs but rather acts as a financial vehicle to provide essential benefits to retirees. As a nonprofit entity, its primary mission is to support the well-being of its beneficiaries, ensuring they have access to necessary health and welfare provisions.

Is Florida Gas Transmission Co Veba legitimate?

Florida Gas Transmission Co Veba is a legitimate nonprofit organization registered as a 501(c)(9) entity. Florida Gas Transmission Co 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: $2,085
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here

What is the mission statement of Florida Gas Transmission Co Veba?

Florida Gas Transmission Co Veba serves as a funding mechanism for its plan sponsors, enabling them to offer health and welfare benefits to retirees and their dependents. The mission of this Veba trust is focused on providing essential support, ensuring the well-being of retired individuals and their families. As a self-contained entity, Florida Gas Transmission Co Veba itself does not carry out specific programs, instead, it functions as a financial instrument to facilitate the provision of benefits.

Who is the CEO of Florida Gas Transmission Co Veba?

Principal Financial Group is the Principal Officer of Florida Gas Transmission Co Veba.

What is the revenue of Florida Gas Transmission Co Veba?

Florida Gas Transmission Co Veba's revenue in 2022 was $776,558.

Who are the executives of Florida Gas Transmission Co Veba and what are their salaries?


There is 1 key member and their salary:


Principal Bank - Pcs Tax (Trustee)
  • Compensation: $2,085
  • Related: $0
  • Other: $0
Where can I find the form 990 for Florida Gas Transmission Co Veba?

Florida Gas Transmission Co Veba's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Florida Gas Transmission Co Veba

Florida Gas Transmission Co Veba serves as a vital funding mechanism for plan sponsors, enabling them to extend health and welfare benefits to their retired employees and their dependents. In essence, this Veba trust acts as a financial instrument, allowing the sponsors to fulfill their obligation of providing essential post-retirement support to their retirees and their families. By serving as a funding vehicle, Florida Gas Transmission Co Veba plays a significant role in ensuring the well-being of its beneficiaries, providing them with the necessary healthcare and welfare benefits they require in their later years.

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Impact




October, 2024

Florida Gas Transmission Co Veba serves as a crucial funding vehicle for plan sponsors, enabling them to provide essential health and welfare benefits to retirees and their dependents. By effectively managing the financial resources designated for these benefits, the Veba Trust ensures that retirees have access to necessary healthcare support, which is vital for their well-being and quality of life. This impact extends beyond individual beneficiaries; it contributes to the broader community by promoting the health and stability of retired individuals, ultimately fostering a more secure and resilient populace. Its operations in Des Moines, IA, further emphasize its role in supporting the local workforce that once contributed to the energy sector.




This information is meant to be a general summary of Florida Gas Transmission Co 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.

Revenue
$776,558 (2022)
Expenses
$502,765 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $776,558
  • Gross Receipts: $1,120,594

Assets and Liabilities:

  • Total Assets: $28,160,313
  • Total Liabilities: $0
  • Net Assets: $28,160,313

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Organization Details

Founding Year

2005

Principal Officer

Principal Financial Group

Main Address

PO BOX 10316, DES MOINES, IA, 50306

NTEE Category

Code: Y43 - Mutual benefit

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