Voluntary Employee Beneficiary Association For Non-Union Employees Of General Mills Inc

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

EIN: 411782433 ✦ Pittsburgh, PA ✦ Designated as a 501(c)(9)

Overview

What is Voluntary Employee Beneficiary Association For Non-Union Employees Of General Mills Inc?

Voluntary Employee Beneficiary Association (VEBA) for Non-Union Employees of General Mills Inc is a nonprofit organization dedicated to managing and funding retiree healthcare benefits for the company's non-union workforce. Based in Pittsburgh, Pennsylvania, the VEBA ensures that these employees receive necessary healthcare coverage upon retirement. The association's primary mission is to finance and administer health benefits for its members.


Is Voluntary Employee Beneficiary Association For Non-Union Employees Of General Mills Inc legitimate?

Voluntary Employee Beneficiary Association For Non-Union Employees Of General Mills Inc is a legitimate nonprofit organization registered as a 501(c)(9) entity. Voluntary Employee Beneficiary Association For Non-Union Employees Of General Mills Inc 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 not tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $17,813
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


What is the mission statement of Voluntary Employee Beneficiary Association For Non-Union Employees Of General Mills Inc?
Who is the CEO of Voluntary Employee Beneficiary Association For Non-Union Employees Of General Mills Inc?
What is the revenue of Voluntary Employee Beneficiary Association For Non-Union Employees Of General Mills Inc?
Who are the executives of Voluntary Employee Beneficiary Association For Non-Union Employees Of General Mills Inc and what are their salaries?
Where can I find the form 990 for Voluntary Employee Beneficiary Association For Non-Union Employees Of General Mills Inc?

Mission Statement of Voluntary Employee Beneficiary Association For Non-Union Employees Of General Mills Inc

The Voluntary Employee Beneficiary Association for Non-Union Employees of General Mills, Inc., or VEBAs for short, serves a vital role in providing healthcare benefits to retired non-union employees of the corporation. This organization is specifically designed to shoulder the financial burden of these employees' healthcare costs post-retirement.

In essence, the VEBAs acts as a separate entity that manages and funds the healthcare benefits for the specified group of individuals. By doing so, General Mills, Inc. is able to offload a significant financial obligation and ensure the wellbeing of their retired employees. The association's primary focus remains on delivering healthcare benefits, making a positive impact on the lives of those who have dedicated their careers to the company.

Impact

This information is meant to be a general summary of Voluntary Employee Beneficiary Association For Non-Union Employees Of General Mills Inc. Please take the time to review official sources before making any decisions based upon the content provided here.




Thursday, August 15, 2024

The Voluntary Employee Beneficiary Association for Non-Union Employees of General Mills Inc plays a crucial role in providing retiree health care benefits for non-union employees. By utilizing this VEBA, General Mills Inc can ensure that their retired employees continue to receive necessary health care coverage. This initiative helps in securing the well-being of retirees who have dedicated their careers to the company. The VEBA's focus on meeting the health care needs of non-union retirees demonstrates General Mills Inc's commitment to supporting its employees throughout their working lives and into retirement.





Financials

This financial information is from Propublica.

Revenue
Expenses
Efficiency

Other financial information:

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

  • Investment Income: $7,491,033
  • Program Service Revenue: $7,817,243
  • Gross Receipts: $26,946,877

    • Assets and Liabilities:
  • Total Assets: $259,487,076
  • Total Liabilities: $0
  • Net Assets: $259,487,076
  • Programs

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

    EMPLOYEE CONTRIBUTIONS

    Revenue

    $5,262,492

    DEATH BENEFITS FROM LIFE INSURANCE

    Revenue

    $2,055,057

    EXPENSE CAP REIMBURSEMENT

    Revenue

    $499,694

    Organization Details

    Founding Year

    1994

    Principal Officer

    The Bank Of New York Mellon

    Main Address

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

    NTEE Category

    Code: Y40 - Mutual benefit

    If you are a representative of Voluntary Employee Beneficiary Association For Non-Union Employees Of General Mills Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.