Overview
What is Entergy Corp Companies' Non-Bargaining Employees' Welfare Benefit Trust Life?
Entergy Corp Companies' Non-Bargaining Employees' Welfare Benefit Trust Life is a welfare trust established to offer postretirement life insurance benefits to retired employees of certain Entergy subsidiaries. This is achieved through the creation of a Veba Trust, which is funded to provide these benefits. The trust's purpose is to ensure financial security for these retirees, offering them a crucial safety net in their post-employment years.
Is Entergy Corp Companies' Non-Bargaining Employees' Welfare Benefit Trust Life legitimate?
Entergy Corp Companies' Non-Bargaining Employees' Welfare Benefit Trust Life is a legitimate nonprofit organization registered as a 501(c)(9) entity. Entergy Corp Companies' Non-Bargaining Employees' Welfare Benefit Trust Life 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: $56,659
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Entergy Corp Companies' Non-Bargaining Employees' Welfare Benefit Trust Life?
The mission of Entergy Corp Companies' Non-Bargaining Employees' Welfare Benefit Trust Life is centered around providing welfare benefits to retirees of certain Entergy subsidiaries. This is achieved through the establishment of a Veba Trust, which serves the purpose of funding postretirement life insurance benefits for these individuals. The trust aims to ensure financial security and peace of mind for these retirees, providing them with a crucial safety net during their post-employment years.
Who is the CEO of Entergy Corp Companies' Non-Bargaining Employees' Welfare Benefit Trust Life?
The Bank Of New York Mellon is the Trustee (See Schedule O) of Entergy Corp Companies' Non-Bargaining Employees' Welfare Benefit Trust Life.
What is the revenue of Entergy Corp Companies' Non-Bargaining Employees' Welfare Benefit Trust Life?
Entergy Corp Companies' Non-Bargaining Employees' Welfare Benefit Trust Life's revenue in 2022 was $2,417,256.
Who are the executives of Entergy Corp Companies' Non-Bargaining Employees' Welfare Benefit Trust Life and what are their salaries?
There is 1 key member and their salary:
- Compensation: $56,659
- Related: $0
- Other: $0
Where can I find the form 990 for Entergy Corp Companies' Non-Bargaining Employees' Welfare Benefit Trust Life?
Entergy Corp Companies' Non-Bargaining Employees' Welfare Benefit Trust Life's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Entergy Corp Companies' Non-Bargaining Employees' Welfare Benefit Trust Life
Entergy Corp Companies' Non-Bargaining Employees' Welfare Benefit Trust Life, often referred to as the Veba Trust, was established with a specific mission. This mission involves funding postretirement life insurance benefits for retirees of certain Entergy subsidiaries. By setting up this trust, the organization aims to provide a safeguard for these retirees, ensuring they have financial security in their later years. The Veba Trust serves as a vital resource, ensuring that the retirees of the specified Entergy subsidiaries can rely on life insurance benefits after their working years.
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Impact
October, 2024
Entergy Corp Companies' Non-Bargaining Employees' Welfare Benefit Trust Life significantly impacts the financial security of retirees from certain Entergy subsidiaries. By establishing the VEBA Trust, it provides essential postretirement life insurance benefits, ensuring that retirees maintain access to financial support after their careers have ended. This commitment not only enhances the quality of life for former employees but also fosters a sense of loyalty and appreciation towards the Entergy organization. The initiative helps mitigate financial burdens associated with end-of-life expenses, contributing to the overall well-being and peace of mind for retirees and their families. Through these efforts, the trust plays a crucial role in safeguarding the interests of its members long after they have transitioned from active employment.
This information is meant to be a general summary of Entergy Corp Companies' Non-Bargaining Employees' Welfare Benefit Trust Life. 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: $2,417,256
- Gross Receipts: $18,094,606
Assets and Liabilities:
- Total Assets: $37,144,616
- Total Liabilities: $561,784
- Net Assets: $36,582,832
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Organization Details
Founding Year
1996
Phone
(412) 234-2242Principal Officer
The Bank Of New York Mellon
Main Address
C/O THE BNYM PO Box 535007, Pittsburgh, PA, 152535007
NTEE Category
Code: Y40 - Mutual benefit
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