Ohio Edison Post Retirement Health Benefits Trust-Represented Employees

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

EIN: 341814803 ✦ Akron, OH ✦ Designated as a 501(c)(9)

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Overview

What is Ohio Edison Post Retirement Health Benefits Trust-Represented Employees?

Ohio Edison Post Retirement Health Benefits Trust-Represented Employees is a nonprofit organization based in Akron, Ohio. This organization functions as a fraternal beneficiary society and voluntary employees association, aiming to provide funding for post-retirement health benefits for eligible employees, their spouses, dependents, and beneficiaries, as outlined in applicable laws. Last year, the organization reported total revenues of $2,312,602. The exact activities or mission of this trust are not provided in the information, but it is stated in the description that it serves to support post-retirement health benefits for specific groups of individuals.

Is Ohio Edison Post Retirement Health Benefits Trust-Represented Employees legitimate?

Ohio Edison Post Retirement Health Benefits Trust-Represented Employees is a legitimate nonprofit organization registered as a 501(c)(9) entity. Ohio Edison Post Retirement Health Benefits Trust-Represented Employees 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

For more financial information, click here

What is the mission statement of Ohio Edison Post Retirement Health Benefits Trust-Represented Employees?

The Ohio Edison Post Retirement Health Benefits Trust-Represented Employees is established with a mission to provide financial support for a portion of post-retirement health benefits and other allowances, as per applicable laws, for eligible employees, their spouses, dependents, and beneficiaries, under the FirstEnergy Corp. Health Care Plan. In simpler terms, this trust aims to assist in funding post-retirement healthcare benefits for eligible individuals, as per the stipulations of relevant laws.

Who is the CEO of Ohio Edison Post Retirement Health Benefits Trust-Represented Employees?

State Street is the Principal Officer of Ohio Edison Post Retirement Health Benefits Trust-Represented Employees.

What is the revenue of Ohio Edison Post Retirement Health Benefits Trust-Represented Employees?

Ohio Edison Post Retirement Health Benefits Trust-Represented Employees's revenue in 2022 was $2,222,166.

Who are the executives of Ohio Edison Post Retirement Health Benefits Trust-Represented Employees and what are their salaries?


Here are 3 key members and their salaries:


Human Res Dept Firstenergy Corp (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Investment Committee (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
State Street Bank Trust Co (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Ohio Edison Post Retirement Health Benefits Trust-Represented Employees?

Ohio Edison Post Retirement Health Benefits Trust-Represented Employees's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Ohio Edison Post Retirement Health Benefits Trust-Represented Employees

Ohio Edison Post Retirement Health Benefits Trust-Represented Employees is dedicated to providing financial support for the post-retirement health benefits of eligible employees, their spouses, dependents, and beneficiaries, in accordance with applicable laws. This trust operates as a fraternal beneficiary society and voluntary employees association, working towards securing a portion of the future health benefits for its members. The primary goal of this organization is to ensure the well-being of its beneficiaries by providing funding for the health benefits they are entitled to after retirement.

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Impact




October, 2024

The Ohio Edison Post Retirement Health Benefits Trust-Represented Employees plays a crucial role in supporting health and wellness for eligible employees, their spouses, dependents, and beneficiaries associated with FirstEnergy Corp. By providing funding for post-retirement health benefits, the trust ensures that individuals can access necessary medical care and support during retirement. This alleviates the financial burden that often accompanies healthcare needs in later years, promoting a higher quality of life for retirees and their families.

In Akron, OH, the organization generated total revenues of $2,312,602 last year, which reflects its capacity to sustain and expand its benefits programs. The trust's mission to deliver a portion of the present and future healthcare benefits is vital for maintaining employee morale and loyalty, as it underscores a commitment to employees even after their retirement. Overall, the trust functions as a significant financial resource that helps secure the health and well-being of its members, fostering a supportive community for all beneficiaries.




This information is meant to be a general summary of Ohio Edison Post Retirement Health Benefits Trust-Represented Employees. 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
$2,222,166 (2022)
Expenses
$1,944,812 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $4,518
  • Program Service Revenue: $2,217,648
  • Gross Receipts: $2,222,166

Assets and Liabilities:

  • Total Assets: $386,348
  • Total Liabilities: $0
  • Net Assets: $386,348

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Programs

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

EMPLOYER CONTRIBUTIONS

Revenue

$1,732,805

EMPLOYEE CONTRIBUTIONS

Revenue

$484,843

Organization Details

Founding Year

1995

Principal Officer

State Street

Main Address

76 S MAIN STREET, AKRON, OH, 44308

NTEE Category

Code: Y40 - Mutual benefit

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