Overview
What is Bp Corporation North America Inc Veba Master Trust?
The Bp Corporation North America Inc Veba Master Trust is a nonprofit organization located in Houston, Texas, with the address 501 Westlake Park Boulevard. Its primary mission is to provide health and protection benefits to eligible active and retired employees of BP Corporation North America, Inc., and its affiliated companies. This voluntary Employee Beneficiary Association (VEBA) facilitates the payment of these essential benefits. The organization's activities focus on enhancing the wellbeing of its members by ensuring they have access to vital healthcare and protection plans.
Is Bp Corporation North America Inc Veba Master Trust legitimate?
Bp Corporation North America Inc Veba Master Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. Bp Corporation North America Inc Veba Master Trust 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: $16,011
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Bp Corporation North America Inc Veba Master Trust?
The Voluntary Employee Beneficiary Association (VEBA) of Bp Corporation North America Inc is dedicated to providing health and protection benefits for eligible active and retired participants of the corporation and its affiliates. In simple terms, this organization ensures the availability of essential health and protection benefits to its members. The mission of the VEBA is to make payments towards health and protection benefits for these individuals, offering them peace of mind and financial security. By focusing on the delivery of these crucial benefits, the VEBA plays an essential role in enhancing the overall well-being of the employees and retirees of Bp Corporation North America Inc.
Who is the CEO of Bp Corporation North America Inc Veba Master Trust?
Greg Dagley is the Principal Officer of Bp Corporation North America Inc Veba Master Trust.
What is the revenue of Bp Corporation North America Inc Veba Master Trust?
Bp Corporation North America Inc Veba Master Trust's revenue in 2022 was $421,074,334.
Who are the executives of Bp Corporation North America Inc Veba Master Trust and what are their salaries?
There is 1 key member and their salary:
- Compensation: $16,011
- Related: $1,624,044
- Other: $0
Where can I find the form 990 for Bp Corporation North America Inc Veba Master Trust?
Bp Corporation North America Inc Veba Master Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Bp Corporation North America Inc Veba Master Trust
Bp Corporation North America Inc Veba Master Trust, a Voluntary Employee Beneficiary Association (VEBA), plays a vital role in providing health and protection benefits to eligible active and retired participants of BP Corporation North America and its affiliates. The organization's primary mission is to ensure the well-being of its members by making essential payments towards their health and protection needs.
In simple terms, Bp Corporation North America Inc Veba Master Trust acts as a trust to manage and distribute funds for health and protection benefits to those who meet the eligibility criteria within the corporation. By doing so, the trust aims to provide a safety net for its members, allowing them to focus on their well-being without the added stress of financial burdens during times of need.
The VEBA's mission is carried out through its provision of health and protection benefits. By offering these benefits, the trust enables eligible members to access vital resources that contribute to their overall well-being. The organization's commitment to its members ultimately leads to improved health outcomes and peace of mind. By focusing on the health and protection of its members, Bp Corporation North America Inc Veba Master Trust plays a crucial role in enhancing the quality of life for those it serves.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
Bp Corporation North America Inc Veba Master Trust plays a vital role in supporting the health and well-being of eligible members, specifically active and retired participants of BP Corporation North America, Inc. and its affiliates. By providing essential health and protection benefits, this organization ensures that its members have access to necessary medical care and financial security during retirement or challenging health situations.
The trust fosters a sense of community and mutual benefit among its participants, contributing to an enhanced quality of life for those it serves. It addresses the healthcare needs of a significant number of individuals, supporting both their physical health and overall financial stability. Additionally, this approach can lead to improved employee morale and retention rates, as members feel valued and secure knowing that their health and protection benefits are being managed effectively. Overall, the impact of Bp Corporation North America Inc Veba Master Trust extends beyond individual beneficiaries, contributing to the broader mission of promoting health and stability within the community of BP employees and retirees.
This information is meant to be a general summary of Bp Corporation North America Inc Veba Master Trust. 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: $199,075
- Program Service Revenue: $420,875,259
- Gross Receipts: $421,074,334
Assets and Liabilities:
- Total Assets: $11,260,778
- Total Liabilities: $3,059
- Net Assets: $11,257,719
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYER CONTRIBUTIONS
Revenue
$310,500,000
EMPLOYEE CONTRIBUTIONS
Revenue
$110,375,259
Organization Details
Founding Year
1998
Phone
(832) 789-3278Principal Officer
Greg Dagley
Main Address
501 WESTLAKE PARK BOULEVARD, HOUSTON, TX, 77079
NTEE Category
Code: Y43 - Mutual benefit
If you are a representative of Bp Corporation North America Inc Veba Master Trust and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.