Panhandle Union Veba Life Ins

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

EIN: 306090485 ✦ Des moines, IA ✦ Designated as a 501(c)(9)

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Overview

What is Panhandle Union Veba Life Ins?

Panhandle Union Veba Life Ins is a nonprofit organization that serves as a funding vehicle, specifically designed to provide life insurance benefits for union employees and their retirees. Their primary program is the Veba trust, which is headquartered in Des Moines, Iowa. The Veba trust's mission is centered around offering life insurance benefits to union workers and their retired counterparts, ensuring financial security during challenging times.

Is Panhandle Union Veba Life Ins legitimate?

Panhandle Union Veba Life Ins is a legitimate nonprofit organization registered as a 501(c)(9) entity. Panhandle Union Veba Life Ins 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: $1,109
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here

What is the mission statement of Panhandle Union Veba Life Ins?

Panhandle Union Veba Life Ins serves as a funding mechanism, providing life insurance benefits for union employees and retirees. Its primary mission is encapsulated in its operation as a Veba trust, which is dedicated to this purpose. The organization's role is to ensure the continuity of financial support in the form of life insurance benefits for the workforce and their retirees. Although the provided information is limited, it suggests that Panhandle Union Veba Life Ins is committed to maintaining financial security for union members throughout their employment and post-retirement life.

Who is the CEO of Panhandle Union Veba Life Ins?

Unavailable

What is the revenue of Panhandle Union Veba Life Ins?

Panhandle Union Veba Life Ins's revenue in 2022 was $19,299.

Who are the executives of Panhandle Union Veba Life Ins and what are their salaries?


There is 1 key member and their salary:


Principal Bank - Pcs Tax (Trustee)
  • Compensation: $1,109
  • Related: $0
  • Other: $0
Where can I find the form 990 for Panhandle Union Veba Life Ins?

Panhandle Union Veba Life Ins's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Panhandle Union Veba Life Ins

Panhandle Union Veba Life Ins serves as a vital funding vehicle, dedicating its mission to providing life insurance benefits for union employees and retirees. This nonprofit organization operates with the primary objective of ensuring financial security and peace of mind for its beneficiaries, leveraging the Veba trust as its primary instrument. By offering life insurance benefits, Panhandle Union Veba Life Ins empowers its members to face the uncertainties of life with confidence, knowing that their loved ones will be supported in case of unforeseen circumstances. The organization's commitment to union employees and retirees underscores its dedication to promoting financial stability and well-being within the community it serves.

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Impact




October, 2024

Panhandle Union Veba Life Ins plays a vital role in supporting union employees and retirees by providing essential life insurance benefits. Operating from Des Moines, IA, it serves as a funding vehicle through the Veba trust, ensuring that union members and their families have financial protection in times of need. This support not only enhances the well-being of individual members but also contributes to the stability and security of the union community as a whole. The organization’s mission emphasizes mutual benefit, fostering a sense of collective responsibility and care among union members that strengthens their solidarity and support networks.




This information is meant to be a general summary of Panhandle Union Veba Life Ins. 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
$19,299 (2022)
Expenses
$60,799 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $19,299
  • Gross Receipts: $84,879

Assets and Liabilities:

  • Total Assets: $189,228
  • Total Liabilities: $0
  • Net Assets: $189,228

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Organization Details

Founding Year

2003

Main Address

PO BOX 10316, DES MOINES, IA, 50306

NTEE Category

Code: Y43 - Mutual benefit

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