Overview
What is Panhandle Union Veba Health Care?
Panhandle Union Veba Health Care functions as a resource for plan sponsors, facilitating the payment of life insurance benefits to union employees and retirees. Operating under the Veba trust, this organization plays a significant role in providing financial support for this crucial benefit. While primarily focused on life insurance, Panhandle Union Veba Health Care does not offer other forms of healthcare or assistance. It serves as a vital intermediary between plan sponsors and union workers, ensuring the continuity of life insurance benefits.
Is Panhandle Union Veba Health Care legitimate?
Panhandle Union Veba Health Care is a legitimate nonprofit organization registered as a 501(c)(9) entity. Panhandle Union Veba Health Care 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: $2,064
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Panhandle Union Veba Health Care?
Panhandle Union Veba Health Care serves as a financing mechanism for plan sponsors, enabling them to offer life insurance benefits to their union employees and retirees. The organization's primary mission revolves around managing the Veba trust, which is the funding source for these benefits. By doing so, Panhandle Union Veba Health Care plays a crucial role in ensuring financial security for union workers during their retirement years.
Who is the CEO of Panhandle Union Veba Health Care?
Principal Financial Group is the Principal Officer of Panhandle Union Veba Health Care.
What is the revenue of Panhandle Union Veba Health Care?
Panhandle Union Veba Health Care's revenue in 2022 was $862,274.
Who are the executives of Panhandle Union Veba Health Care and what are their salaries?
There is 1 key member and their salary:
- Compensation: $2,064
- Related: $0
- Other: $0
Where can I find the form 990 for Panhandle Union Veba Health Care?
Panhandle Union Veba Health Care's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Panhandle Union Veba Health Care
Panhandle Union Veba Health Care serves as a vital funding mechanism for plan sponsors to extend life insurance benefits to their union employees and retirees. The organization's mission revolves around managing the Veba trust, which is the primary financial instrument for this purpose. In essence, Panhandle Union Veba Health Care facilitates the provision of essential life insurance coverage to union workers and those who have retired from their jobs, ensuring financial security and peace of mind for these individuals and their families.
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Impact
October, 2024
Panhandle Union Veba Health Care plays a crucial role in providing financial security for union employees and retirees by serving as a funding vehicle for life insurance benefits. By managing the VEBA trust, it ensures that plan sponsors can effectively deliver critical life insurance coverage, thereby enhancing the well-being of individuals and families. This support not only fosters peace of mind but also promotes a sense of mutual benefit among the union community, ensuring that members receive essential financial assistance in times of need. Operating out of Des Moines, Iowa, Panhandle Union Veba Health Care is dedicated to safeguarding the future of union workers and their beneficiaries.
This information is meant to be a general summary of Panhandle Union Veba Health Care. 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: $862,274
- Gross Receipts: $1,584,191
Assets and Liabilities:
- Total Assets: $30,862,735
- Total Liabilities: $0
- Net Assets: $30,862,735
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Organization Details
Founding Year
2007
Phone
(602) 562-0883Principal Officer
Principal Financial Group
Main Address
PO BOX 10316, DES MOINES, IA, 50306
NTEE Category
Code: Y43 - Mutual benefit
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