Overview
What is Suc Pg Energy Life Ins Veba?
Suc Pg Energy Life Ins Veba functions as a specialized funding mechanism, situated in Des Moines, Iowa. Its primary role is to assist plan sponsors in providing life insurance benefits to their beneficiaries through a Veba trust. This organization does not engage in any programming or initiatives of its own. Instead, it serves as a financial vehicle for plan sponsors to fulfill their commitments to their employees or beneficiaries in terms of life insurance coverage.
Is Suc Pg Energy Life Ins Veba legitimate?
Suc Pg Energy Life Ins Veba is a legitimate nonprofit organization registered as a 501(c)(9) entity. Suc Pg Energy Life Ins 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: $2,115
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Suc Pg Energy Life Ins Veba?
Suc Pg Energy Life Ins Veba serves as a funding vehicle for plan sponsors to provide life insurance benefits to their beneficiaries, through the Veba trust. The organization's primary mission is to facilitate the payment of these benefits. It does not offer any additional programs or services beyond this function. Based in an undisclosed location, Suc Pg Energy Life Ins Veba plays a crucial role in securing financial protection for beneficiaries, through the provision of life insurance benefits.
Who is the CEO of Suc Pg Energy Life Ins Veba?
Principal Financial Group is the Principal Officer of Suc Pg Energy Life Ins Veba.
What is the revenue of Suc Pg Energy Life Ins Veba?
Suc Pg Energy Life Ins Veba's revenue in 2022 was $160.
Who are the executives of Suc Pg Energy Life Ins Veba and what are their salaries?
There is 1 key member and their salary:
- Compensation: $2,115
- Related: $0
- Other: $0
Where can I find the form 990 for Suc Pg Energy Life Ins Veba?
Suc Pg Energy Life Ins Veba's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Suc Pg Energy Life Ins Veba
Suc Pg Energy Life Ins Veba serves as a vital funding vehicle for plan sponsors, enabling them to provide life insurance benefits to their beneficiaries. This trust, referred to as Veba, plays a crucial role in facilitating financial support during challenging times. By leveraging the resources of Veba, plan sponsors can ensure that their beneficiaries receive the necessary life insurance coverage, thereby providing a measure of financial security and peace of mind. The organization's mission is centered around its role as a funding mechanism, allowing plan sponsors to fulfill their responsibility to provide life insurance benefits for their beneficiaries.
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Impact
October, 2024
Suc Pg Energy Life Ins Veba serves as a critical funding mechanism for plan sponsors to provide life insurance benefits to beneficiaries. By efficiently managing resources through the VEBA trust, the organization ensures that beneficiaries receive essential financial support in the form of life insurance. This structure not only offers peace of mind to individuals and families but also helps plan sponsors fulfill their obligations to provide these benefits. Based in Des Moines, IA, Suc Pg Energy Life Ins Veba plays a significant role in the financial planning and security of its members, enhancing their overall well-being through reliable insurance solutions.
This information is meant to be a general summary of Suc Pg Energy Life Ins 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $153
- Gross Receipts: $160
Assets and Liabilities:
- Total Assets: $10,178
- Total Liabilities: $0
- Net Assets: $10,178
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYEE CONTRIBUTIONS
Organization Details
Founding Year
2016
Phone
(602) 562-0883Principal Officer
Principal Financial Group
Main Address
PO BOX 10316, DES MOINES, IA, 50306
NTEE Category
Code: Y40 - Mutual benefit
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