Allete & Affiliated Companies Non-Union Life Insurance Trust

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

EIN: 416426496 ✦ Duluth, MN ✦ Designated as a 501(c)(9)

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Overview

What is Allete & Affiliated Companies Non-Union Life Insurance Trust?

Allete & Affiliated Companies Non-Union Life Insurance Trust is a nonprofit organization situated in Duluth, Minnesota. Their primary mission is to offer life insurance benefits to retired individuals who are not part of a union. This trust aims to provide financial security and peace of mind to its beneficiaries during their post-retirement phase. The organization's activities are centered around this mission, ensuring the continuity of life insurance coverage for eligible retirees.

Is Allete & Affiliated Companies Non-Union Life Insurance Trust legitimate?

Allete & Affiliated Companies Non-Union Life Insurance Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. Allete & Affiliated Companies Non-Union Life Insurance 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: $3,312
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here

What is the mission statement of Allete & Affiliated Companies Non-Union Life Insurance Trust?

The Allete & Affiliated Companies Non-Union Life Insurance Trust is dedicated to providing life insurance benefits for retired non-union individuals. This mission is carried out by offering comprehensive life insurance coverage to these retirees, ensuring they have financial security and peace of mind during their post-employment years. The trust serves as a safety net, offering a crucial service that can significantly impact the lives of its beneficiaries. By providing life insurance benefits, the trust helps alleviate financial burdens and offers a sense of security to retired non-union workers.

Who is the CEO of Allete & Affiliated Companies Non-Union Life Insurance Trust?

Troy Rasch is the Chair of Allete & Affiliated Companies Non-Union Life Insurance Trust.

What is the revenue of Allete & Affiliated Companies Non-Union Life Insurance Trust?

Allete & Affiliated Companies Non-Union Life Insurance Trust's revenue in 2022 was $171,728.

Who are the executives of Allete & Affiliated Companies Non-Union Life Insurance Trust and what are their salaries?


Here are 12 key members and their salaries:


Alan R Hodnik (Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bethany Owen (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bob Adams (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Nicole Johnson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Al Rudeck Jr (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Josh Skelton (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Maggie Johnson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Laura Krollman (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rob Sandstrom (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Frank Fredrickson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dan Gunderson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
North Shore Bank Of Commerce (Institutional Trustee)
  • Compensation: $3,312
  • Related: $0
  • Other: $0
Where can I find the form 990 for Allete & Affiliated Companies Non-Union Life Insurance Trust?

Allete & Affiliated Companies Non-Union Life Insurance Trust's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Allete & Affiliated Companies Non-Union Life Insurance Trust

Allete & Affiliated Companies Non-Union Life Insurance Trust is an organization dedicated to providing life insurance benefits for retired individuals who are not part of a union. This mission is a crucial part of their overall activity, aiming to offer financial security and peace of mind to this specific group of retirees. By focusing on non-union retirees, the trust ensures that these individuals have access to life insurance benefits, which can be particularly important during the retirement years. The trust's mission is to support these retirees in their post-career phase, providing them with the necessary financial protection to face life's uncertainties.

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Impact




October, 2024

Allete & Affiliated Companies Non-Union Life Insurance Trust plays a crucial role in supporting non-union retirees by providing life insurance benefits. This initiative ensures that these retirees have financial security and peace of mind during their later years, allowing them to focus on their well-being rather than worrying about the potential costs of life insurance. By addressing the specific needs of a non-union workforce in Duluth, MN, the Trust reinforces the importance of mutual benefit in retirement planning. Its efforts contribute to enhancing the overall quality of life for retirees, fostering a sense of community and support, and recognizing the contributions of former employees.




This information is meant to be a general summary of Allete & Affiliated Companies Non-Union Life Insurance 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.

Revenue
$171,728 (2022)
Expenses
$662,684 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $127,933
  • Program Service Revenue: $43,795
  • Gross Receipts: $2,371,998

Assets and Liabilities:

  • Total Assets: $5,188,875
  • Total Liabilities: $46,305
  • Net Assets: $5,142,570

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Programs

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

RETIREE CONTRIBUTIONS

Revenue

$43,795

Organization Details

Founding Year

1997

Principal Officer

Troy Rasch

Main Address

30 WEST SUPERIOR STREET, DULUTH, MN, 558022191

NTEE Category

Code: Y20 - Mutual benefit

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