Midamerican Energy Co Master Veba Trust

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

EIN: 421401380 ✦ Pittsburgh, PA ✦ Designated as a 501(c)(9)

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Overview

What is Midamerican Energy Co Master Veba Trust?

Midamerican Energy Co Master Veba Trust is a nonprofit entity that extends benefits to the current employees, retirees, and beneficiaries of Midamerican Energy Co's bargaining unit. Its primary mission is to offer comprehensive health, disability, dental, vision, and life benefits to its employees and retirees, ensuring their well-being and financial security. The trust, as mentioned in the provided information, is managed through a U.S. address located in Pittsburgh, Pennsylvania.

Is Midamerican Energy Co Master Veba Trust legitimate?

Midamerican Energy Co Master Veba Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. Midamerican Energy Co Master Veba 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: $33,633
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here

What is the mission statement of Midamerican Energy Co Master Veba Trust?

The Midamerican Energy Co Master Veba Trust is committed to providing health, disability, dental, vision, and life benefits to its employees and retirees. This mission is carried out by offering benefits to current employees, retirees, and beneficiaries of the MEC bargaining unit. The trust aims to ensure the well-being and security of its beneficiaries in these areas, providing a sense of financial and healthcare security. This mission statement reflects the trust's dedication to supporting its employees and retirees, ensuring they have access to essential benefits throughout their working lives and beyond.

Who is the CEO of Midamerican Energy Co Master Veba Trust?

Unavailable

What is the revenue of Midamerican Energy Co Master Veba Trust?

Midamerican Energy Co Master Veba Trust's revenue in 2022 was $2,350,111.

Who are the executives of Midamerican Energy Co Master Veba Trust and what are their salaries?


There is 1 key member and their salary:


The Bank Of New York Mellon (Trustee (See Schedule O))
  • Compensation: $33,633
  • Related: $0
  • Other: $0
Where can I find the form 990 for Midamerican Energy Co Master Veba Trust?

Midamerican Energy Co Master Veba Trust's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Midamerican Energy Co Master Veba Trust

Midamerican Energy Co Master Veba Trust is an organization dedicated to providing essential benefits to its employees and retirees. Its mission encompasses offering health, disability, dental, vision, and life benefits to its beneficiaries, which primarily include current employees, retirees, and dependent family members of the MEC bargaining unit. By providing these benefits, Midamerican Energy Co Master Veba Trust aims to support its members in maintaining their overall well-being and financial security during various stages of their lives.

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Impact




October, 2024

Midamerican Energy Co Master VEBA Trust plays a crucial role in supporting the well-being of employees and retirees by providing essential health, disability, dental, vision, and life benefits. This trust directly impacts the financial security and health of current employees, retirees, and their beneficiaries associated with the MEC bargaining unit in Pittsburgh, PA. By ensuring access to comprehensive benefits, the trust enhances the overall quality of life for its members, helping them manage healthcare expenses and protect against unforeseen circumstances. This focus on employee welfare fosters a more secure and stable workforce while also contributing to the broader community's economic health.




This information is meant to be a general summary of Midamerican Energy Co Master Veba 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
$2,350,111 (2022)
Expenses
$6,768,131 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $1,096,391
  • Program Service Revenue: $1,250,444
  • Gross Receipts: $37,136,119

Assets and Liabilities:

  • Total Assets: $98,258,587
  • Total Liabilities: $5,000
  • Net Assets: $98,253,587

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Programs

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

EMPLOYER CONTRIBUTIONS

Revenue

$1,056,134

EMPLOYEE CONTRIBUTIONS

Revenue

$194,310

Organization Details

Founding Year

2003

Main Address

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

NTEE Category

Code: Y43 - Mutual benefit

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