Overview
What is Madison Gas & Electric Company Health Benefit Trust?
Madison Gas & Electric Company Health Benefit Trust is a nonprofit organization based in Madison, Wisconsin. Its primary mission is to manage and pay premiums for health or life insurance benefits for both current and former employees of Madison Gas & Electric Company. As of June 30, 2022, there were 1,074 participants enrolled in these benefits. The trust's role is crucial in ensuring the continuity of health coverage for a significant number of individuals.
Is Madison Gas & Electric Company Health Benefit Trust legitimate?
Madison Gas & Electric Company Health Benefit Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. Madison Gas & Electric Company 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.
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 Madison Gas & Electric Company Health Benefit Trust?
The Madison Gas & Electric Company Health Benefit Trust's primary function is to oversee the payment of health and life insurance premiums for both current and former employees of Madison Gas & Electric Company. This organization is committed to ensuring the continuity of these benefits for its beneficiaries, as demonstrated by the 1,074 participants enrolled as of June 30, 2022. By providing this financial support, the Trust aims to alleviate some of the financial burden associated with maintaining health and life insurance coverage. This commitment to employee well-being underscores the Trust's role as a valuable resource for its members.
Who is the CEO of Madison Gas & Electric Company Health Benefit Trust?
Tamara Johnson is the By Madison Gas & Electric of Madison Gas & Electric Company Health Benefit Trust.
What is the revenue of Madison Gas & Electric Company Health Benefit Trust?
Madison Gas & Electric Company Health Benefit Trust's revenue in 2022 was $409,606.
Who are the executives of Madison Gas & Electric Company Health Benefit Trust and what are their salaries?
Here are 2 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $2,350
- Other: $0
Where can I find the form 990 for Madison Gas & Electric Company Health Benefit Trust?
Madison Gas & Electric Company Health Benefit Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Madison Gas & Electric Company Health Benefit Trust
Madison Gas & Electric Company Health Benefit Trust is an organization committed to covering the premiums for health or life insurance benefits for both current and former employees of Madison Gas & Electric Company. Their mission is to ensure that these individuals have access to necessary health and life insurance coverage, providing a sense of security and peace of mind. As of June 30, 2022, there were 1,074 participants benefiting from this trust. The trust serves as a vital resource for these individuals, ensuring they can maintain their health and wellbeing, even after their employment with Madison Gas & Electric Company has ended.
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Impact
October, 2024
Madison Gas & Electric Company Health Benefit Trust plays a critical role in ensuring the financial security and well-being of current and former employees of Madison Gas and Electric Co. By paying health and life insurance benefit premiums, the trust supports 1,074 participants, enabling them to access vital healthcare services and providing peace of mind regarding their health coverage. This commitment significantly impacts the lives of these individuals, allowing employees and retirees to focus on their health and quality of life without the burden of managing insurance costs independently. The trust's efforts contribute to a stable workforce and enhance the overall morale among employees by offering them assurance regarding their health benefits in both their active and post-employment years.
This information is meant to be a general summary of Madison Gas & Electric Company 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: $69,969
- Program Service Revenue: $339,637
- Gross Receipts: $409,606
Assets and Liabilities:
- Total Assets: $3,941,454
- Total Liabilities: $0
- Net Assets: $3,941,454
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYER CONTRIBUTIONS
Revenue
$339,637
Organization Details
Founding Year
1994
Phone
(608) 252-7101Principal Officer
Tamara Johnson
Main Address
PO BOX 1231, MADISON, WI, 537011231
NTEE Category
Code: Y43 - Mutual benefit
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