Overview
What is Midamerican Energy Company Master Veba Trust For Nonbargaining Employees?
Midamerican Energy Company Master Veba Trust for Nonbargaining Employees is a nonprofit entity established to provide benefits for its participants, including medical, disability, vision, dental, and life insurance coverage. Its primary mission, as outlined in the information, is to operate a Qualified Voluntary Employees' Beneficiary Association (VEBA) trust, specifically designed for the company's employees and retirees. This trust aims to ensure the wellbeing and financial security of its members by managing and distributing these benefits.
Is Midamerican Energy Company Master Veba Trust For Nonbargaining Employees legitimate?
Midamerican Energy Company Master Veba Trust For Nonbargaining Employees is a legitimate nonprofit organization registered as a 501(c)(9) entity. Midamerican Energy Company Master Veba Trust For Nonbargaining Employees 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: $20,715
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Midamerican Energy Company Master Veba Trust For Nonbargaining Employees?
The Midamerican Energy Company Master Veba Trust for Nonbargaining Employees operates a Qualified Veba Trust, serving both its employee and retiree population. Its primary mission is to manage and distribute benefits for various insurance coverages, including medical, disability, vision, dental, and life insurance. By doing so, the trust aims to provide financial support and security to its participants.
Who is the CEO of Midamerican Energy Company Master Veba Trust For Nonbargaining Employees?
The Bank Of New York Mellon is the (See Schedule O) of Midamerican Energy Company Master Veba Trust For Nonbargaining Employees.
What is the revenue of Midamerican Energy Company Master Veba Trust For Nonbargaining Employees?
Midamerican Energy Company Master Veba Trust For Nonbargaining Employees's revenue in 2022 was $10,164,108.
Who are the executives of Midamerican Energy Company Master Veba Trust For Nonbargaining Employees and what are their salaries?
There is 1 key member and their salary:
- Compensation: $20,715
- Related: $0
- Other: $0
Where can I find the form 990 for Midamerican Energy Company Master Veba Trust For Nonbargaining Employees?
Midamerican Energy Company Master Veba Trust For Nonbargaining Employees's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Midamerican Energy Company Master Veba Trust For Nonbargaining Employees
Midamerican Energy Company Master Veba Trust for Nonbargaining Employees is established with a mission to manage a qualified VEBAs (Voluntary Employees' Beneficiary Associations) trust. This trust is specifically designed to cater to the medical, disability, vision, dental, and life insurance needs of its employees and retirees. The trust operates with the primary objective of providing these benefits to its participants, ensuring their financial and healthcare security. By doing so, Midamerican Energy Company Master Veba Trust for Nonbargaining Employees plays a significant role in supporting the well-being of its workforce and retirees.
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Impact
October, 2024
The Midamerican Energy Company Master VEBA Trust for Nonbargaining Employees provides significant benefits to employees and retirees by operating a qualified Voluntary Employee Benefit Association (VEBA) trust. This trust is essential in funding various benefits such as medical, disability, vision, dental, and life insurance for its participants.
By ensuring comprehensive and accessible health benefits, the trust contributes to the overall well-being and financial security of its members, addressing critical needs that support their quality of life. This impact extends beyond individual participants, as a healthier workforce can lead to increased productivity and morale, ultimately benefiting the broader community and economy. The trust's operations in Pittsburgh, PA, reflect its commitment to the employees and retirees associated with Midamerican Energy Company, reinforcing the company's dedication to mutual benefit and support for its workforce.
This information is meant to be a general summary of Midamerican Energy Company Master Veba Trust For Nonbargaining Employees. 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $2,388,081
- Program Service Revenue: $2,692,889
- Gross Receipts: $43,785,939
Assets and Liabilities:
- Total Assets: $144,648,690
- Total Liabilities: $0
- Net Assets: $144,648,690
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYER CONTRIBUTIONS
Revenue
$1,994,873
EMPLOYEE CONTRIBUTIONS
Revenue
$698,016
Organization Details
Founding Year
2003
Phone
(412) 234-2242Principal Officer
The Bank Of New York Mellon
Main Address
C/O THE BNYM PO BOX 535007, PITTSBURGH, PA, 152535007
NTEE Category
Code: Y43 - Mutual benefit
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