Overview
What is Panhandle Non-Union Veba Retiree Health Care?
Panhandle Non-Union Veba Retiree Health Care is a funding vehicle established as a VEBA trust. The primary purpose of this trust is to manage the payments for the health and welfare benefits of non-union retirees. This nonprofit organization, based in Des Moines, Iowa, serves as a financial resource for the sponsor to fulfill their obligations to the retired workers. The trust's mission is to ensure the wellbeing and health coverage of these retirees, providing them with essential services.
Is Panhandle Non-Union Veba Retiree Health Care legitimate?
Panhandle Non-Union Veba Retiree Health Care is a legitimate nonprofit organization registered as a 501(c)(9) entity. Panhandle Non-Union Veba Retiree 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: $4,694
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Panhandle Non-Union Veba Retiree Health Care?
The Panhandle Non-Union Veba Retiree Health Care serves as a funding vehicle for the payment of health and welfare benefits for non-union retirees, as outlined in its mission. Its primary goal is to ensure the wellbeing of these retired individuals by covering their health-related expenses. The trust serves as a financial resource, enabling the plan sponsor to meet its obligations towards the retirees' health care needs. The Panhandle Non-Union Veba Retiree Health Care does not engage in advocacy or conduct research, but rather focuses on providing financial support for the health care needs of non-union retirees.
Who is the CEO of Panhandle Non-Union Veba Retiree Health Care?
Principal Financial Group is the Principal Officer of Panhandle Non-Union Veba Retiree Health Care.
What is the revenue of Panhandle Non-Union Veba Retiree Health Care?
Panhandle Non-Union Veba Retiree Health Care's revenue in 2022 was $4,307,070.
Who are the executives of Panhandle Non-Union Veba Retiree Health Care and what are their salaries?
There is 1 key member and their salary:
- Compensation: $4,694
- Related: $0
- Other: $0
Where can I find the form 990 for Panhandle Non-Union Veba Retiree Health Care?
Panhandle Non-Union Veba Retiree Health Care's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Panhandle Non-Union Veba Retiree Health Care
Panhandle Non-Union Veba Retiree Health Care serves as a vital funding vehicle for the payment of health and welfare benefits for its non-union retirees. This organization is committed to ensuring the well-being of its retirees after their active service, acting as a financial backbone for their health care needs. The mission of Panhandle Non-Union Veba Retiree Health Care is to facilitate the provision of health and welfare benefits for its non-union retirees, acting as a financial intermediary for the plan sponsor. By doing so, this organization plays a crucial role in securing the post-retirement well-being of its beneficiaries, providing them with the necessary health care support they need during their golden years.
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Impact
October, 2024
Panhandle Non-Union Veba Retiree Health Care serves as a vital funding mechanism for health and welfare benefits of non-union retirees. By establishing a Voluntary Employees' Beneficiary Association (VEBA) trust, it enables streamlined financial management for healthcare costs associated with non-union retirees. This approach allows for better planning and distribution of benefits, ensuring retirees have access to necessary health services while alleviating financial pressures on plan sponsors.
The impact of this trust is significant in providing a structured and reliable source of funding specifically dedicated to retiree health care. It facilitates comprehensive healthcare coverage, promoting the well-being of retirees who may not have other avenues for such benefits. This system contributes to stability in healthcare funding, ultimately enhancing the quality of life for non-union retirees in Des Moines, Iowa, and potentially influencing other organizations to adopt similar models to support their retired employees.
This information is meant to be a general summary of Panhandle Non-Union Veba Retiree 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: $2,877,102
- Program Service Revenue: $1,423,178
- Gross Receipts: $4,307,070
Assets and Liabilities:
- Total Assets: $127,204,576
- Total Liabilities: $0
- Net Assets: $127,204,576
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYER CONTRIBUTIONS
Revenue
$1,423,178
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: Y43 - Mutual benefit
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