Ak Steel Corp Veba For Dearborn Uaw

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

EIN: 371565775 ✦ Pittsburgh, PA ✦ Designated as a 501(c)(9)

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Overview

What is Ak Steel Corp Veba For Dearborn Uaw?

Ak Steel Corp Veba For Dearborn Uaw is a nonprofit organization with a focus on supporting retired employees by helping them cover healthcare costs and other agreed-upon benefits. Based on the provided information, it appears that this organization collaborates between Ak Steel Corp, Veba, and the UAW (United Automobile Workers) union to provide financial assistance. The exact nature of their activities is not specified, but the organization's mission is to facilitate the payment of health care and other benefits as per the agreements between the company and the union.

Is Ak Steel Corp Veba For Dearborn Uaw legitimate?

Ak Steel Corp Veba For Dearborn Uaw is a legitimate nonprofit organization registered as a 501(c)(9) entity. Ak Steel Corp Veba For Dearborn Uaw 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: $11,250
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here

What is the mission statement of Ak Steel Corp Veba For Dearborn Uaw?

The mission of Ak Steel Corp Veba For Dearborn Uaw, in simpler terms, is to aid individuals in covering the expenses associated with retiree health care and other benefits, as per the agreements established between the company and the union. This organization's primary objective is to provide financial assistance in these areas, ensuring that the agreed-upon benefits are accessible to the individuals concerned.

Who is the CEO of Ak Steel Corp Veba For Dearborn Uaw?

The Bank Of New York Mellon is the Trustee (See Schedule O) of Ak Steel Corp Veba For Dearborn Uaw.

What is the revenue of Ak Steel Corp Veba For Dearborn Uaw?

Ak Steel Corp Veba For Dearborn Uaw's revenue in 2022 was $2,240,255.

Who are the executives of Ak Steel Corp Veba For Dearborn Uaw and what are their salaries?


There is 1 key member and their salary:


The Bank Of New York Mellon (Trustee (See Schedule O))
  • Compensation: $11,250
  • Related: $0
  • Other: $0
Where can I find the form 990 for Ak Steel Corp Veba For Dearborn Uaw?

Ak Steel Corp Veba For Dearborn Uaw's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Ak Steel Corp Veba For Dearborn Uaw

Ak Steel Corp Veba For Dearborn Uaw, as a nonprofit organization, is committed to assisting individuals with the payment of retirement health care costs and other benefits, as per the agreements made between the company and the union. This organization serves as a financial aid provider, ensuring that retirees have access to essential healthcare services and additional benefits, thereby enhancing their overall well-being. The mission of Ak Steel Corp Veba For Dearborn Uaw is centered around providing financial support, helping retirees manage their healthcare expenses effectively and maintain a satisfactory quality of life in their post-employment phase.

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Impact




October, 2024

Ak Steel Corp Veba For Dearborn Uaw plays a critical role in supporting retired workers by helping them manage the costs associated with their healthcare and other agreed-upon benefits. This initiative directly alleviates financial burdens for retirees, ensuring they have access to necessary medical care and support. The assistance provided fosters a sense of security and well-being among retirees, which can significantly improve their quality of life.

By facilitating payment for healthcare costs, the organization strengthens the relationship between the company and the union, demonstrating a commitment to the welfare of employees even after retirement. This collaboration can enhance workplace morale and loyalty, making it an essential component of the company's and union's ongoing commitment to their workforce.

Moreover, the focus on mutual benefit helps create a more sustainable model for employee care, which can set a precedent for other organizations in the industry. Overall, the impact of Ak Steel Corp Veba For Dearborn Uaw is profound, as it not only supports individual retirees but also promotes broader implications for employee relations and corporate responsibility within the steel industry.




This information is meant to be a general summary of Ak Steel Corp Veba For Dearborn Uaw. 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
$2,240,255 (2022)
Expenses
$63,128 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $90,928
  • Program Service Revenue: $2,149,327
  • Gross Receipts: $2,240,255

Assets and Liabilities:

  • Total Assets: $8,255,893
  • Total Liabilities: $0
  • Net Assets: $8,255,893

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Programs

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

EMPLOYER CONTRIBUTIONS

Revenue

$2,149,327

Organization Details

Founding Year

2018

Principal Officer

The Bank Of New York Mellon

Main Address

C/O THE BNYM PO BOX 535007, PITTSBURGH, PA, 152535007

NTEE Category

Code: Y43 - Mutual benefit

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