Eaton Corporation Veba

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

EIN: 341407310 ✦ Brooklyn, OH ✦ Designated as a 501(c)(9)

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Overview

What is Eaton Corporation Veba?

Eaton Corporation Veba, also known as the Eaton Corp Voluntary Employees' Beneficiary Association, is a nonprofit organization based in Brooklyn, Ohio. Their primary mission is to offer various benefits for employees of Eaton Corporation, encompassing health, welfare, life, sickness, accident, medical, disability, vacation, and recreational services. These benefits are provided through a voluntary association. The organization's address is located at 4900 Tiedeman Road, Brooklyn, OH 44144.

Is Eaton Corporation Veba legitimate?

Eaton Corporation Veba is a legitimate nonprofit organization registered as a 501(c)(9) entity. Eaton Corporation 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

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What is the mission statement of Eaton Corporation Veba?

The Eaton Corporation Voluntary Employees' Benevolent Association (VEBA) serves as a platform to offer various benefits for its members. These benefits may include provisions for life, sickness, accident, medical care, disability, vacation, and recreation. The mission of Eaton Corporation Veba is to facilitate the provision of these benefits through a Voluntary Employees' Benevolent Association. By doing so, it aims to enhance the overall well-being and quality of life for the participants of Eaton Corporation.

Who is the CEO of Eaton Corporation Veba?

Unavailable

What is the revenue of Eaton Corporation Veba?

Eaton Corporation Veba's revenue in 2022 was $289,088,576.

Who are the executives of Eaton Corporation Veba and what are their salaries?


There is 1 key member and their salary:


Keybank Na (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Eaton Corporation Veba?

Eaton Corporation Veba's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Eaton Corporation Veba

Eaton Corporation Veba, a Voluntary Employees' Beneficiary Association, serves a crucial role in providing various benefits to participants of Eaton Corporation. The organization offers a range of advantages, including life, sickness, accident, medical, disability, vacation, and recreational benefits, all of which can be accessed through a voluntary association.

In simple terms, Eaton Corporation Veba acts as a facilitator for employees of Eaton Corporation, providing them with essential benefits that can significantly enhance their overall well-being. By offering these extensive services, the organization strives to ensure that the workforce remains healthy, both physically and mentally, enabling them to perform at their best.

Additionally, the association's mission extends beyond the realm of basic necessities. By providing a variety of benefits, Eaton Corporation Veba helps employees manage their work-life balance, promoting a happier and more engaged workforce. The organization's offerings encourage employees to focus on their well-being, enabling them to maintain good health and, ultimately, contribute to the success of Eaton Corporation.

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Impact




October, 2024

Eaton Corporation VEBA plays a significant role in enhancing the quality of life for its participants by providing essential health and welfare benefits. These benefits encompass a wide range of services, including life, sickness, accident, medical, disability, and vacation coverage. By offering this support, Eaton Corporation VEBA ensures that employees have access to crucial resources that contribute to their well-being and security.

The organization primarily impacts participants by alleviating concerns related to health-related expenses and providing a safety net for unforeseen circumstances. The association fosters a sense of community and mutual support among employees as they navigate various life challenges. This commitment to employee welfare not only boosts morale but also enhances productivity within the workforce, ultimately benefiting Eaton Corporation as a whole.

Located in Brooklyn, OH, Eaton Corporation VEBA exemplifies the importance of prioritizing employee health and wellness through a well-structured benefits plan that addresses both immediate and long-term needs.




This information is meant to be a general summary of Eaton Corporation 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.

Revenue
$289,088,576 (2022)
Expenses
$290,434,050 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $329,562
  • Program Service Revenue: $287,780,444
  • Gross Receipts: $289,816,384

Assets and Liabilities:

  • Total Assets: $14,006,097
  • Total Liabilities: $0
  • Net Assets: $14,006,097

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

EMPLOYER CONTRIBUTIONS

Revenue

$287,780,444

Organization Details

Founding Year

2011

Main Address

4900 TIEDEMAN ROAD OH-01-49-0381, BROOKLYN, OH, 44144

NTEE Category

Code: Y40 - Mutual benefit

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