Overview
What is Central Hudson Gas & Electric Corp Health & Benefits Tr For Collective?
Central Hudson Gas & Electric Corp Health & Benefits Trust is a nonprofit organization serving as a funding vehicle for Central Hudson Gas & Electric Corporation's payment of employee benefits in the areas of medical and life insurance. By managing these benefits, the Trust ensures the plan sponsor's obligations are met, providing essential coverage and support for its workforce.
Is Central Hudson Gas & Electric Corp Health & Benefits Tr For Collective legitimate?
Central Hudson Gas & Electric Corp Health & Benefits Tr For Collective is a legitimate nonprofit organization registered as a 501(c)(9) entity. Central Hudson Gas & Electric Corp Health & Benefits Tr For Collective 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Central Hudson Gas & Electric Corp Health & Benefits Tr For Collective?
The Central Hudson Gas & Electric Corp Health & Benefits Trust serves as the funding vehicle for the plan sponsor's contribution towards their employees' medical and life benefits. In essence, it facilitates the payment process for these essential employee benefits. The trust's primary role is to manage and distribute these funds to ensure employees receive the promised coverage. By doing so, it enhances the overall well-being and financial security of the workforce.
Who is the CEO of Central Hudson Gas & Electric Corp Health & Benefits Tr For Collective?
Sharon Mcginnis is the Trustee of Central Hudson Gas & Electric Corp Health & Benefits Tr For Collective.
What is the revenue of Central Hudson Gas & Electric Corp Health & Benefits Tr For Collective?
Central Hudson Gas & Electric Corp Health & Benefits Tr For Collective's revenue in 2022 was $12,438,417.
Who are the executives of Central Hudson Gas & Electric Corp Health & Benefits Tr For Collective and what are their salaries?
There is 1 key member and their salary:
- Compensation: $20,673
- Related: $0
- Other: $0
Where can I find the form 990 for Central Hudson Gas & Electric Corp Health & Benefits Tr For Collective?
Central Hudson Gas & Electric Corp Health & Benefits Tr For Collective's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Central Hudson Gas & Electric Corp Health & Benefits Tr For Collective
Central Hudson Gas & Electric Corp Health & Benefits Trust serves as the financing entity for the Plan Sponsor's contribution towards their employees' medical and life benefits. In essence, this trust plays a vital role in facilitating the payment of health and life benefits for the workforce of Central Hudson Gas & Electric Corp. By acting as the funding vehicle, the Trust ensures that employees have access to essential benefits, enhancing their overall wellbeing and job satisfaction.
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Impact
October, 2024
Central Hudson Gas & Electric Corp Health & Benefits Trust for Collective serves a vital role in providing financial resources for employee benefits, specifically in the areas of medical and life insurance. By functioning as a Voluntary Employees' Beneficiary Association (VEBA) trust, it ensures that funds are available to cover health-related expenses, thereby enhancing the well-being of employees and their families.
This financial structure allows for a more efficient management of benefit payments, fostering a sense of security among employees. As a result, it positively impacts employee morale and retention, ultimately contributing to a more stable and committed workforce. The trust's operations in Poughkeepsie, NY, reflect a commitment to supporting the health and financial stability of employees, which is essential for their overall productivity and quality of life.
This information is meant to be a general summary of Central Hudson Gas & Electric Corp Health & Benefits Tr For Collective. 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: $6,520,837
- Program Service Revenue: $5,917,580
- Gross Receipts: $21,120,515
Assets and Liabilities:
- Total Assets: $105,299,422
- Total Liabilities: $0
- Net Assets: $105,299,422
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PLAN CONTRIBUTIONS
Revenue
$5,917,580
Organization Details
Founding Year
2001
Phone
(845) 452-2000Principal Officer
Sharon Mcginnis
Main Address
284 SOUTH AVENUE, POUGHKEEPSIE, NY, 12601
NTEE Category
Code: Y40 - Mutual benefit
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