Overview
What is Electrical Workers' Veba Trust?
Electrical Workers' Veba Trust is a nonprofit organization based in Spokane, Washington. Its primary mission is to administer the Electrical Workers' Disability Plan, which is a multiemployer, defined benefit, health and welfare plan. This plan provides short and long-term disability benefits to eligible employees from participating employers, as outlined in collective bargaining agreements and special agreements with IBEW Locals 77, 89, 125, 483, and 659. The Trust's main objective is to provide qualified disability insurance to its participants, ensuring they receive the benefits and payments they are entitled to, as per the related plan, within the scope of Section 501(c)(9) of the Internal Revenue Code.
Is Electrical Workers' Veba Trust legitimate?
Electrical Workers' Veba Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. Electrical Workers' 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.
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What is the mission statement of Electrical Workers' Veba Trust?
The Electrical Workers' Veba Trust is established with a mission to provide disability benefits to eligible employees, as outlined in the related plan. The Trust aims to make these benefits available during the time when the employees are entitled to receive them. Furthermore, the Trust is also authorized to make additional permissible payments, as deemed necessary, in accordance with the Internal Revenue Code's Section 501(c)(9). The objective is to offer "life, sick, accident, or other benefits" through this Trust.
Who is the CEO of Electrical Workers' Veba Trust?
Travis Eri is the Chairman/Employee Trustee of Electrical Workers' Veba Trust.
What is the revenue of Electrical Workers' Veba Trust?
Electrical Workers' Veba Trust's revenue in 2022 was $1,367,528.
Who are the executives of Electrical Workers' Veba Trust and what are their salaries?
Here are 8 key members and their salaries:
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Where can I find the form 990 for Electrical Workers' Veba Trust?
Electrical Workers' Veba Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Electrical Workers' Veba Trust
Electrical Workers' Veba Trust, as a mission-driven entity, has been established with the primary objective of offering qualified short-term and long-term disability insurance benefits to eligible employees. The Trust's purpose, as outlined in the related plan, is to provide these individuals with the necessary financial support during periods of disability. Beyond these disability benefits, the Trust may also make other permissible payments as determined fitting from time to time, adhering to the definition of "life, sick, accident, or other benefits" as outlined in Section 501(c)(9) of the Internal Revenue Code. In essence, Electrical Workers' Veba Trust serves as a safety net for eligible employees, offering financial assistance during times of disability, thereby providing them with much-needed peace of mind and financial stability.
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Impact
October, 2024
The Electrical Workers' VEBA Trust significantly impacts the workforce by providing essential short and long-term disability insurance to employees of participating employers in the electrical industry. Administering the Electrical Workers' Disability Plan, the Trust ensures that eligible workers, as determined by their collective bargaining agreements, receive crucial financial support during periods of disability. This safety net helps employees maintain their livelihood when they are unable to work due to illness or injury.
By managing a multiemployer, defined benefit health and welfare plan, the Trust fosters a cooperative spirit among employers and union members, supporting the well-being of workers across various IBEW Locals. The benefits and payments funded through the Trust are aligned with Section 501(c)(9) of the Internal Revenue Code, which emphasizes their purpose as support for life, sickness, and accident-related needs.
Overall, the Trust plays a vital role in enhancing worker security and stability, enabling them to focus on recovery without the added stress of financial uncertainty. Its mission reflects a commitment to mutual benefit, underscoring the importance of collective support within the electrical workforce.
This information is meant to be a general summary of Electrical Workers' 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.
- Program Service Revenue: $1,367,528
- Gross Receipts: $1,367,528
Assets and Liabilities:
- Total Assets: $531,009
- Total Liabilities: $237,632
- Net Assets: $293,377
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Employer contributions
Revenue
$1,367,528
Organization Details
Founding Year
2007
Phone
(509) 534-0600Principal Officer
Travis Eri
Main Address
PO Box 5433, Spokane, WA, 99205
NTEE Category
Code: Y43 - Mutual benefit
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