Overview
What is Talen Energy Bargaining Unit Retiree?
Talen Energy Bargaining Unit Retiree is a 501(c)(9) trust, which is a type of nonprofit organization. Its primary purpose is to collect and manage funds for covering eligible retirees' medical expenses. Located in Pittsburgh, Pennsylvania, this trust operates under strict regulations and guidelines, ensuring that eligible retirees from Talen Energy's bargaining unit receive the necessary support for their medical costs. The trust's activities are focused on funding and providing medical coverage to these retirees, ensuring their financial security and well-being during their post-employment years.
Is Talen Energy Bargaining Unit Retiree legitimate?
Talen Energy Bargaining Unit Retiree is a legitimate nonprofit organization registered as a 501(c)(9) entity. Talen Energy Bargaining Unit Retiree 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: $20,782
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Talen Energy Bargaining Unit Retiree?
The Talen Energy Bargaining Unit Retiree is governed by a 501(c)(9) trust, which has been established with the primary purpose of funding and covering the medical expenses for eligible retirees. This trust serves as a financial resource to cater to the healthcare needs of these retirees. By providing financial support for their medical costs, this trust aims to ensure that these retirees can maintain their health and well-being in their post-retirement years. The trust's mission is centered around providing financial assistance, thereby alleviating the financial burden of medical expenses for eligible retirees.
What is the revenue of Talen Energy Bargaining Unit Retiree?
Talen Energy Bargaining Unit Retiree's revenue in 2023 was $5,331,064.
Who are the executives of Talen Energy Bargaining Unit Retiree and what are their salaries?
There is 1 key member and their salary:
- Compensation: $20,782
- Related: $0
- Other: $0
Where can I find the form 990 for Talen Energy Bargaining Unit Retiree?
Talen Energy Bargaining Unit Retiree's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Talen Energy Bargaining Unit Retiree
The Talen Energy Bargaining Unit Retiree is a 501(c)(9) trust, which has been established with a specific mission. This mission involves the funding and payment of covered medical costs for eligible retirees. In simpler terms, the organization serves as a financial resource, ensuring that retired employees from Talen Energy have access to necessary medical care. The trust's primary role is to alleviate the financial burden associated with healthcare expenses for these individuals, thereby providing them with peace of mind and the ability to focus on their health and well-being. This mission is instrumental in supporting the retirees and demonstrates the organization's commitment to the welfare of its former employees.
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Impact
October, 2024
Talen Energy Bargaining Unit Retiree significantly impacts eligible participants by providing financial support for covered medical costs. This trust enhances the quality of life for retirees by ensuring they have access to necessary healthcare services without the burden of high out-of-pocket expenses. By focusing on funding these costs, it plays a crucial role in promoting health security and peace of mind, allowing retirees to focus on enjoying their retirement years rather than worrying about medical bills. The trust's mission is vital in supporting the well-being of former employees, reflecting a commitment to their long-term health and financial stability. This initiative ultimately contributes to a healthier and more secure retired population, fostering a positive community environment in Pittsburgh and beyond.
This information is meant to be a general summary of Talen Energy Bargaining Unit Retiree. 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 2023.
- Investment Income: $4,716,014
- Program Service Revenue: $1,220,788
- Gross Receipts: $35,541,440
Assets and Liabilities:
- Total Assets: $54,012,925
- Total Liabilities: $343,249
- Net Assets: $53,669,676
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYEE CONTRIBUTIONS
Revenue
$1,220,788
Organization Details
Founding Year
2015
NTEE Category
Code: J99 - Employment
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