Overview
What is Pennsylvania Power & Light Company Bargaining Unit Retirement Health Plan?
The Pennsylvania Power & Light Company Bargaining Unit Retirement Health Plan is a nonprofit entity, specifically a 501(c)(9) trust. Its primary goal is to offer medical and life insurance benefits to eligible retired employees. By establishing this trust, the plan aims to cover the associated costs, thereby providing essential support to its members post-retirement.
Is Pennsylvania Power & Light Company Bargaining Unit Retirement Health Plan legitimate?
Pennsylvania Power & Light Company Bargaining Unit Retirement Health Plan is a legitimate nonprofit organization registered as a 501(c)(9) entity. Pennsylvania Power & Light Company Bargaining Unit Retirement Health Plan 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: $8,672
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Pennsylvania Power & Light Company Bargaining Unit Retirement Health Plan?
The Pennsylvania Power & Light Company Bargaining Unit Retirement Health Plan's mission is to establish a 501(c)(9) trust with the primary objective of funding retiree medical and life insurance expenses. This plan is committed to providing benefits for eligible members, thereby ensuring their financial security in their post-retirement years. By setting up this trust, the Pennsylvania Power & Light Company Bargaining Unit Retirement Health Plan aims to alleviate the financial burden associated with healthcare costs during retirement.
What is the revenue of Pennsylvania Power & Light Company Bargaining Unit Retirement Health Plan?
Pennsylvania Power & Light Company Bargaining Unit Retirement Health Plan's revenue in 2023 was $5,598,144.
Who are the executives of Pennsylvania Power & Light Company Bargaining Unit Retirement Health Plan and what are their salaries?
There is 1 key member and their salary:
- Compensation: $8,672
- Related: $0
- Other: $0
Where can I find the form 990 for Pennsylvania Power & Light Company Bargaining Unit Retirement Health Plan?
Pennsylvania Power & Light Company Bargaining Unit Retirement Health Plan's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Pennsylvania Power & Light Company Bargaining Unit Retirement Health Plan
The Pennsylvania Power & Light Company Bargaining Unit Retirement Health Plan is a nonprofit organization with a mission to establish a 501(c)(9) trust. This trust serves to fund the medical and life insurance expenses for eligible retirees, providing them with necessary benefits. By doing so, the plan ensures financial security and support for its members during their retirement years. The Pennsylvania Power & Light Company Bargaining Unit Retirement Health Plan plays a crucial role in enhancing the quality of life for its eligible members by offering them essential benefits.
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Impact
October, 2024
The Pennsylvania Power & Light Company Bargaining Unit Retirement Health Plan plays a critical role in ensuring that eligible members receive vital healthcare and life insurance benefits after retirement. By establishing a 501(c)(9) trust, the Plan effectively allocates resources specifically for funding retiree medical and life insurance costs, which alleviates financial burdens for retirees and enhances their quality of life.
In Pittsburgh, PA, this initiative provides a significant safety net, promoting the well-being of former employees by securing access to necessary health services during retirement years. The establishment of this trust underscores a commitment to mutual benefit among members, fostering a sense of community and support within the workforce. Ultimately, its impact extends beyond individual health, contributing to a more stable and satisfied retired population.
This information is meant to be a general summary of Pennsylvania Power & Light Company Bargaining Unit Retirement Health Plan. 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 2023.
- Investment Income: $3,422,365
- Program Service Revenue: $1,490,503
- Gross Receipts: $28,710,084
Assets and Liabilities:
- Total Assets: $125,470,533
- Total Liabilities: $268,195
- Net Assets: $125,202,338
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYEE CONTRIBUTIONS
Revenue
$1,490,503
Organization Details
Founding Year
1993
Principal Officer
The Bank Of New York Mellon
NTEE Category
Code: Y40 - Mutual benefit
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