Allete & Affiliated Companies Union Life Insurance Trust

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

EIN: 416426497 ✦ Duluth, MN ✦ Designated as a 501(c)(9)

Shop smarter and support your favorite cause at the same time! With the Give Freely browser extension, you'll automatically save money with coupons, and partner stores will donate to your chosen charity - at no extra cost to you. Start giving back with a single click. It's safe, free, and spam-free, guaranteed!

Overview

What is Allete & Affiliated Companies Union Life Insurance Trust?

Allete & Affiliated Companies Union Life Insurance Trust is a nonprofit organization situated in Duluth, Minnesota. Their primary mission is to provide life insurance benefits for union retirees, ensuring financial security during their post-work years. The trust's activities are centered around this mission, offering essential insurance coverage to union members who have retired. This nonprofit organization plays a crucial role in supporting the financial well-being of retired union members, providing them with peace of mind in their later years.

Is Allete & Affiliated Companies Union Life Insurance Trust legitimate?

Allete & Affiliated Companies Union Life Insurance Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. Allete & Affiliated Companies 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: $5,070
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here

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

Allete & Affiliated Companies Union Life Insurance Trust is dedicated to providing life insurance benefits for union retirees. The organization's primary mission is centered around ensuring financial security for these retirees after their working years. By offering life insurance benefits, the Trust aims to alleviate financial concerns and provide a sense of stability during retirement. The Trust's activities are focused solely on delivering this essential service to union retirees. While the Trust does not engage in research or advocacy like some other organizations, its mission remains vital in providing a critical safety net for a specific group of individuals.

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

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

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

Allete & Affiliated Companies Union Life Insurance Trust's revenue in 2022 was $854,160.

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


Here are 12 key members and their salaries:


Al Hodnik (Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bethany Owen (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Nicole Johnson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bob Adams (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Maggie Thickens (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Al Rudeck Jr (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rob Sandstrom (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Laura Krollman (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Frank Fredrickson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Josh Skelton (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dan Gunderson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
North Shore Bank Of Commerce (Institutional Trustee)
  • Compensation: $5,070
  • Related: $0
  • Other: $0
Where can I find the form 990 for Allete & Affiliated Companies Union Life Insurance Trust?

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

Mission Statement of Allete & Affiliated Companies Union Life Insurance Trust

Allete & Affiliated Companies Union Life Insurance Trust is dedicated to providing life insurance benefits for union retirees. This mission is at the heart of the organization's operations, with a focus on supporting those who have contributed to their respective unions throughout their working lives. By offering life insurance benefits, Allete & Affiliated Companies Union Life Insurance Trust seeks to provide a sense of security and financial stability for its beneficiaries during their retirement years. The organization's activities are centered around this mission, aiming to make a positive impact on the lives of union retirees.

Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!

Impact




October, 2024

Allete & Affiliated Companies Union Life Insurance Trust plays a crucial role in supporting union retirees by providing life insurance benefits. Located in Duluth, MN, the organization is dedicated to ensuring that retired union members have access to essential financial protection, which can significantly ease the burden on their families during difficult times. By offering these benefits, the Trust contributes to the overall well-being and financial security of retirees, enhancing their quality of life in retirement. Its focus on mutual benefit fosters a sense of community and solidarity among union members, reinforcing the commitment to support one another throughout their lives.




This information is meant to be a general summary of Allete & Affiliated Companies 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
$854,160 (2022)
Expenses
$429,636 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $813,426
  • Program Service Revenue: $40,734
  • Gross Receipts: $2,023,084

Assets and Liabilities:

  • Total Assets: $7,571,338
  • Total Liabilities: $35,156
  • Net Assets: $7,536,182

Want to help this charity, for free? You can click here to learn more about Give Freely

Programs

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

EMPLOYER CONTRIBUTIONS

Revenue

$40,734

Organization Details

Founding Year

1997

Principal Officer

Troy Rasch

Main Address

30 WEST SUPERIOR STREET, DULUTH, MN, 558022191

NTEE Category

Code: Y20 - Mutual benefit

If you are a representative of Allete & Affiliated Companies Union Life Insurance Trust 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.