Upper Peninsula Power Company Union Veba Trust

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

EIN: 471412336 ✦ Marquette, MI ✦ Designated as a 501(c)(9)

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Overview

What is Upper Peninsula Power Company Union Veba Trust?

Upper Peninsula Power Company Union Veba Trust is a nonprofit organization situated in Marquette, Michigan. Its primary mission is to offer medical, dental, and life insurance benefits to certain retirees of Upper Peninsula Power Company. Established with this purpose in mind, the trust aims to support these retired individuals by providing them with essential healthcare coverage. The trust is based at 1002 Harbor Hills Drive, Marquette, MI 49855.

Is Upper Peninsula Power Company Union Veba Trust legitimate?

Upper Peninsula Power Company Union Veba Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. Upper Peninsula Power Company Union 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here

What is the mission statement of Upper Peninsula Power Company Union Veba Trust?

The Upper Peninsula Power Company Union Veba Trust was established with a mission to provide medical, dental, and life insurance benefits to certain retirees of the Upper Peninsula Power Company. This mission is carried out to ensure the well-being and health security of these retirees, offering them essential medical and dental coverage, as well as life insurance protection. The trust's primary activity is centered around managing these benefits, ensuring that eligible retirees have access to necessary healthcare services. The trust's medical premiums are a testament to its commitment to fulfilling this mission.

Who is the CEO of Upper Peninsula Power Company Union Veba Trust?

Nicholas Kates is the Trustee of Upper Peninsula Power Company Union Veba Trust.

What is the revenue of Upper Peninsula Power Company Union Veba Trust?

Upper Peninsula Power Company Union Veba Trust's revenue in 2022 was $1,025,350.

Who are the executives of Upper Peninsula Power Company Union Veba Trust and what are their salaries?


There is 1 key member and their salary:


State Street Bank And Trust Company (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Upper Peninsula Power Company Union Veba Trust?

Upper Peninsula Power Company Union Veba Trust's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Upper Peninsula Power Company Union Veba Trust

The Upper Peninsula Power Company Union Veba Trust, established with a purpose, aims to provide medical, dental, and life insurance benefits to a specific group of retirees associated with Upper Peninsula Power Company. This trust was created with the intention of ensuring the well-being of these retirees post their careers, offering them essential healthcare services. The trust's primary mission is to safeguard the health and financial security of these retirees by providing them with comprehensive medical and dental coverage, along with life insurance benefits.

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Impact




October, 2024

Upper Peninsula Power Company Union VEBA Trust provides essential medical, dental, and life insurance benefits to eligible retirees of Upper Peninsula Power Company. By covering medical premiums, it plays a crucial role in ensuring that retirees have access to necessary healthcare services, which can significantly enhance their quality of life during retirement. This support alleviates financial burdens associated with medical costs, allowing retirees to focus on their well-being without the stress of healthcare expenses. The Trust is dedicated to fulfilling these needs, ensuring that retirees can maintain a standard of living that reflects their years of service.




This information is meant to be a general summary of Upper Peninsula Power Company Union 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
$1,025,350 (2022)
Expenses
$909,264 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $741,857
  • Program Service Revenue: $283,493
  • Gross Receipts: $1,105,747

Assets and Liabilities:

  • Total Assets: $23,997,690
  • Total Liabilities: $0
  • Net Assets: $23,997,690

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Programs

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

EMPLOYEE CONTRIBUTIONS

Revenue

$283,493

Organization Details

Founding Year

2014

Principal Officer

Nicholas Kates

Main Address

1002 HARBOR HILLS DRIVE, MARQUETTE, MI, 49855

NTEE Category

Code: Y43 - Mutual benefit

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