Overview
What is Peoples Energy Corporation Life & Health Benefit Trust?
Peoples Energy Corporation Life & Health Benefit Trust is a trust established to support a Section 501(c)(9) VEBA, which is a type of voluntary employees' beneficiary association. This trust is responsible for receiving and holding employee and employer contributions made under the Peoples Energy, LLC (PELLC) Comprehensive Group Insurance Plan. Its primary purpose is to disburse payments and satisfy member claims under this insurance plan. Essentially, the trust serves as a financial resource to ensure the plan's beneficiaries receive the coverage they are entitled to.
Is Peoples Energy Corporation Life & Health Benefit Trust legitimate?
Peoples Energy Corporation Life & Health Benefit Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. Peoples Energy Corporation Life & Health Benefit Trust 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.
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What is the mission statement of Peoples Energy Corporation Life & Health Benefit Trust?
The Peoples Energy Corporation Life & Health Benefit Trust is established with the mission to support a Section 501(c)(9) Voluntary Employees' Beneficiary Association (VEBA). This trust primarily receives and holds contributions from both employees and employers, as per the People's Energy, LLC (PELLC) Comprehensive Group Insurance Plan. Its primary function is to disburse payments and fulfill member claims under this plan. The trust aims to ensure financial security and provide necessary benefits to the members associated with the PELLC Comprehensive Group Insurance Plan.
Who is the CEO of Peoples Energy Corporation Life & Health Benefit Trust?
William Guc is the Committee Chair of Peoples Energy Corporation Life & Health Benefit Trust.
What is the revenue of Peoples Energy Corporation Life & Health Benefit Trust?
Peoples Energy Corporation Life & Health Benefit Trust's revenue in 2022 was $3,353,395.
Who are the executives of Peoples Energy Corporation Life & Health Benefit Trust and what are their salaries?
Here are 6 key members and their salaries:
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Where can I find the form 990 for Peoples Energy Corporation Life & Health Benefit Trust?
Peoples Energy Corporation Life & Health Benefit Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Peoples Energy Corporation Life & Health Benefit Trust
Peoples Energy Corporation Life & Health Benefit Trust is a trust established with a specific mission. This mission revolves around supporting a Section 501(c)(9) Voluntary Employees' Beneficiary Association (VEBA). The primary role of this trust is to receive and hold contributions made by both employees and employers under the People's Energy, LLC (PELLC) Comprehensive Group Insurance Plan. The trust's main objective is to disburse these contributions and utilize them to satisfy member claims under the same insurance plan. Essentially, Peoples Energy Corporation Life & Health Benefit Trust serves as a financial intermediary, ensuring that the necessary funds are available to meet the insurance-related needs of the plan's members.
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Impact
October, 2024
Peoples Energy Corporation Life & Health Benefit Trust plays a critical role in managing and disbursing resources to support the health and well-being of its members. By functioning as a trust designated to receive and hold employee and employer contributions, it ensures that funds are allocated effectively to cover claims under the Peoples Energy, LLC Comprehensive Group Insurance Plan. This structure helps maintain financial stability and allows for timely disbursement of benefits to members, which is essential for their health care needs.
The trust's operations facilitate access to necessary health benefits, providing peace of mind to employees and their families. By addressing member claims, it enhances the overall quality of life and contributes to a supportive work environment, fostering loyalty and satisfaction among the workforce in Milwaukee, WI. The focus on mutual benefit reinforces a community-oriented approach, ensuring that both employer and employee contributions are utilized effectively for the common good.
This information is meant to be a general summary of Peoples Energy Corporation Life & Health Benefit Trust. 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: $862,097
- Program Service Revenue: $2,060,131
- Gross Receipts: $54,893,613
Assets and Liabilities:
- Total Assets: $172,605,025
- Total Liabilities: $0
- Net Assets: $172,605,025
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PARTICIPANT CONTRIBUTIONS
Revenue
$2,060,131
Organization Details
Phone
(312) 240-4373Principal Officer
William Guc
Main Address
231 W Michigan Street, Milwaukee, WI, 53203
NTEE Category
Code: Y40 - Mutual benefit
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