Overview
What is Veba Trust Agreement For Liberty Utilities Union Employees?
Veba Trust Agreement for Liberty Utilities Union Employees is a funding mechanism established to support the provision of health and dental care benefits for the union employees, their dependents, and retirees of Liberty Utilities. This trust serves as a financial vehicle for the plan sponsor, ensuring the continuity of these essential benefits for the designated group of individuals. The trust's mission is centered on providing these benefits, aiming to support the overall well-being of the union employees within Liberty Utilities.
Is Veba Trust Agreement For Liberty Utilities Union Employees legitimate?
Veba Trust Agreement For Liberty Utilities Union Employees is a legitimate nonprofit organization registered as a 501(c)(9) entity. Veba Trust Agreement For Liberty Utilities Union 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Veba Trust Agreement For Liberty Utilities Union Employees?
The Veba Trust Agreement serves as the financing mechanism for the plan sponsor to provide health and dental care benefits to the employees, dependents, and retirees of Liberty Utilities. The primary mission of this trust is to ensure the delivery of these beneficial services to the union employees and their families, securing their wellbeing. The trust operates as a means to facilitate the plan sponsor's financial commitments to meet the healthcare needs of its union workforce. While the text mentions a schedule O, it does not provide explicit details about the mission statement, so this summary is based on the available information.
Who is the CEO of Veba Trust Agreement For Liberty Utilities Union Employees?
Punam Maini is the Director of Veba Trust Agreement For Liberty Utilities Union Employees.
What is the revenue of Veba Trust Agreement For Liberty Utilities Union Employees?
Veba Trust Agreement For Liberty Utilities Union Employees's revenue in 2022 was $669,771.
Who are the executives of Veba Trust Agreement For Liberty Utilities Union Employees and what are their salaries?
There is 1 key member and their salary:
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Veba Trust Agreement For Liberty Utilities Union Employees?
Veba Trust Agreement For Liberty Utilities Union Employees's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Veba Trust Agreement For Liberty Utilities Union Employees
The Veba Trust Agreement for Liberty Utilities Union Employees serves as the funding mechanism for the plan sponsor to provide comprehensive health and dental care benefits to the union employees, their dependents, and retirees of Liberty Utilities. This trust is instrumental in ensuring the well-being of these individuals by facilitating the necessary payments for their medical and dental care needs. The Veba Trust Agreement plays a crucial role in maintaining the health and well-being of its beneficiaries, providing them with essential benefits that enhance their quality of life.
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Impact
October, 2024
The Veba Trust Agreement for Liberty Utilities Union Employees primarily serves as a funding mechanism to provide essential health and dental benefits to union employees, their dependents, and retirees of Liberty Utilities. By establishing this trust, the agreement ensures that financial resources are allocated specifically for healthcare needs, thereby enhancing the overall well-being and security of employees and their families.
The impact of the Veba Trust is significant in several ways:
1. **Healthcare Accessibility**: By funding health and dental benefits, the trust facilitates access to crucial medical services, promoting better health outcomes for employees and their dependents.
2. **Financial Security**: This agreement alleviates the financial burden related to healthcare costs, allowing employees to focus on their work without the constant worry of unexpected medical expenses.
3. **Employee Retention and Satisfaction**: Providing comprehensive benefits contributes to higher job satisfaction and can enhance employee loyalty. A robust benefits package often plays a key role in attracting and retaining skilled workers in the competitive utilities sector.
4. **Support for Retirees**: The inclusion of retirees in the benefits plan underscores the long-term commitment to employee welfare, ensuring that those who have dedicated years to the company continue to receive support in their post-employment life.
5. **Community Impact**: By promoting health and wellness among its workforce, the trust indirectly supports the broader community by fostering a healthier population and reducing the economic impact of healthcare crises.
Overall, the Veba Trust Agreement serves as a vital resource that strengthens the foundation of support for Liberty Utilities union employees, fostering a more resilient and committed workforce.
This information is meant to be a general summary of Veba Trust Agreement For Liberty Utilities Union 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: $429,767
- Program Service Revenue: $240,004
- Gross Receipts: $3,601,081
Assets and Liabilities:
- Total Assets: $21,284,898
- Total Liabilities: $0
- Net Assets: $21,284,898
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYEE CONTRIBUTION
Revenue
$240,004
Organization Details
Founding Year
2013
Phone
(913) 319-0380Principal Officer
Punam Maini
Main Address
5901 COLLEGE BOULEVARD 100, OVERLAND PARK, KS, 66211
NTEE Category
Code: Y43 - Mutual benefit
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