Suc Pg Energy Health Care Veba

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

EIN: 251754272 ✦ Des moines, IA ✦ Designated as a 501(c)(9)

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Overview

What is Suc Pg Energy Health Care Veba?

Suc Pg Energy Health Care Veba serves as a funding mechanism for the company's plan sponsors to provide medical benefits to their Veba beneficiaries. Operating as a Veba trust, it does not have any specific programs or initiatives, but its primary role is to facilitate the payment of medical benefits to those eligible. Essentially, this trust acts as a financial intermediary, ensuring the timely and efficient delivery of healthcare services to the beneficiaries of the company.

Is Suc Pg Energy Health Care Veba legitimate?

Suc Pg Energy Health Care Veba is a legitimate nonprofit organization registered as a 501(c)(9) entity. Suc Pg Energy Health Care 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: $2,523
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here

What is the mission statement of Suc Pg Energy Health Care Veba?

Suc Pg Energy Health Care Veba serves as a funding vehicle, facilitating the payment of medical benefits for the company's Veba beneficiaries, as outlined by the plan sponsors. As a trust, Suc Pg Energy Health Care Veba does not have any specific programs or missions beyond this primary function. Its purpose is to ensure the financial support necessary for the provision of medical benefits to eligible individuals.

Who is the CEO of Suc Pg Energy Health Care Veba?

Principal Financial Group is the Principal Officer of Suc Pg Energy Health Care Veba.

What is the revenue of Suc Pg Energy Health Care Veba?

Suc Pg Energy Health Care Veba's revenue in 2022 was $217,614.

Who are the executives of Suc Pg Energy Health Care Veba and what are their salaries?


There is 1 key member and their salary:


Principal Bank - Pcs Tax (Trustee)
  • Compensation: $2,523
  • Related: $0
  • Other: $0
Where can I find the form 990 for Suc Pg Energy Health Care Veba?

Suc Pg Energy Health Care Veba's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Suc Pg Energy Health Care Veba

Suc Pg Energy Health Care Veba, as a Veba trust, serves a crucial role in facilitating the payment of medical benefits for the company's Veba beneficiaries. Its primary mission is to function as a funding vehicle for the plan sponsors, ensuring that these individuals receive necessary medical coverage. This trust does not engage in specific programs or initiatives beyond its primary function, but its role is vital in providing medical benefits to the eligible beneficiaries of Suc Pg Energy Health Care.

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Impact




October, 2024

Suc Pg Energy Health Care Veba functions as a critical funding mechanism for the payment of medical benefits to its beneficiaries. By acting as a trust, it ensures that resources are allocated efficiently and effectively to cover healthcare costs for eligible individuals associated with the company. This impact is significant as it stabilizes access to necessary medical services for beneficiaries, enhancing their overall well-being. In Des Moines, IA, this initiative supports the healthcare needs of employees, likely contributing to employee satisfaction and retention. Overall, its role as a funding vehicle underscores its importance in providing mutual benefits and financial security in healthcare for those it serves.




This information is meant to be a general summary of Suc Pg Energy Health Care 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
$217,614 (2022)
Expenses
$212,783 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $217,614
  • Gross Receipts: $347,641

Assets and Liabilities:

  • Total Assets: $7,190,695
  • Total Liabilities: $0
  • Net Assets: $7,190,695

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Organization Details

Founding Year

2007

Principal Officer

Principal Financial Group

Main Address

PO BOX 10316, DES MOINES, IA, 50306

NTEE Category

Code: Y40 - Mutual benefit

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