Voluntary Employees Beneficiary Association For The General Mills

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

EIN: 411738267 ✦ Pittsburgh, PA ✦ Designated as a 501(c)(9)

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Overview

What is Voluntary Employees Beneficiary Association For The General Mills?

Voluntary Employees Beneficiary Association for General Mills is a nonprofit organization that provides a range of welfare benefits to its members. Their primary focus is on offering financial assistance in the form of life, sickness, accident, or other permissible benefits. The organization's mission revolves around this provision, ensuring the wellbeing of its members in various challenging situations.

Is Voluntary Employees Beneficiary Association For The General Mills legitimate?

Voluntary Employees Beneficiary Association For The General Mills is a legitimate nonprofit organization registered as a 501(c)(9) entity. Voluntary Employees Beneficiary Association For The General Mills 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: $192,688
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here

What is the mission statement of Voluntary Employees Beneficiary Association For The General Mills?

The Voluntary Employees Beneficiary Association for the General Mills is dedicated to providing various programs, primarily focusing on the payment of benefits in case of life, sickness, or accidents. Their mission, in simpler terms, is to ensure the financial security of their members during challenging times by offering suitable benefits. The association serves as a safety net, providing the necessary financial aid during unforeseen circumstances, enhancing the overall well-being of its members. While their primary activity revolves around the provision of these benefits, they may also offer other permissible welfare programs.

Who is the CEO of Voluntary Employees Beneficiary Association For The General Mills?

Shelly Paletta is the Trustee - See Sch O of Voluntary Employees Beneficiary Association For The General Mills.

What is the revenue of Voluntary Employees Beneficiary Association For The General Mills?

Voluntary Employees Beneficiary Association For The General Mills's revenue in 2022 was $940,226.

Who are the executives of Voluntary Employees Beneficiary Association For The General Mills and what are their salaries?


Here are 6 key members and their salaries:


The Bank Of New York Mellon (Trustee - See Sch O)
  • Compensation: $192,688
  • Related: $0
  • Other: $0
K Bruce (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
J William-Roll (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
J Siemon (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
E Deguia (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
K Wilson Thissen (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Voluntary Employees Beneficiary Association For The General Mills?

Voluntary Employees Beneficiary Association For The General Mills's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Voluntary Employees Beneficiary Association For The General Mills

Voluntary Employees Beneficiary Association for the General Mills, often referred to as VEBAs, is dedicated to providing a range of welfare benefits. Their primary mission lies in ensuring the payment of benefits in cases of life, sickness, accidents, or other permissible situations. By offering these benefits, VEBAs plays a crucial role in supporting the well-being and financial security of its members. The association's purpose is to alleviate the financial burden during challenging times, thereby providing a safety net for its members.

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Impact




October, 2024

The Voluntary Employees Beneficiary Association for the General Mills plays a significant role in providing essential welfare benefits to its members. By offering financial support for life, sickness, accidents, and other permissible circumstances, it enhances the security and well-being of employees. This organization focuses on fostering a sense of community and mutual assistance, enabling members to access benefits that can alleviate financial stress during challenging times.

The impact of this association extends beyond individual members to promote overall workplace morale and satisfaction. By ensuring that employees have access to these critical benefits, it supports a healthier work environment and encourages loyalty among the workforce. Furthermore, by establishing a system of mutual aid, the association contributes to a culture of collaboration and support, which can lead to increased productivity and a stronger organizational framework within General Mills.




This information is meant to be a general summary of Voluntary Employees Beneficiary Association For The General Mills. 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
$940,226 (2022)
Expenses
$141,306,897 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $871,526
  • Program Service Revenue: $255,616
  • Gross Receipts: $159,935,913

Assets and Liabilities:

  • Total Assets: $362,775,148
  • Total Liabilities: $0
  • Net Assets: $362,775,148

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Programs

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

EMPLOYEE CONTRIBUTIONS

Revenue

$255,616

Organization Details

Founding Year

1988

Principal Officer

Shelly Paletta

Main Address

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

NTEE Category

Code: Y40 - Mutual benefit

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