Overview
What is Talen Energy Salaried Retiree Group Life?
Talen Energy Salaried Retiree Group Life refers to a 501(c)(9) trust established with the primary purpose of funding and covering the life insurance costs for eligible retirees. This trust is designed to support individuals who have retired from Talen Energy's salaried workforce. The trust operates as a mechanism to manage and distribute financial resources to ensure the continuation of life insurance benefits for these retirees, thereby providing a level of security and financial stability.
Is Talen Energy Salaried Retiree Group Life legitimate?
Talen Energy Salaried Retiree Group Life is a legitimate nonprofit organization registered as a 501(c)(9) entity. Talen Energy Salaried Retiree Group Life 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: $6,297
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Talen Energy Salaried Retiree Group Life?
The Talen Energy Salaried Retiree Group Life is governed by a 501(c)(9) trust, with a primary mission to fund and cover the life insurance costs for eligible retired employees. This trust aims to provide financial security and peace of mind for these retired individuals, ensuring their beneficiaries are supported in case of their passing. The trust's activities are focused on managing and allocating resources efficiently to fulfill this mission. It functions as a financial safety net, offering financial support for the covered retirees' life insurance costs.
Who is the CEO of Talen Energy Salaried Retiree Group Life?
Unavailable
What is the revenue of Talen Energy Salaried Retiree Group Life?
Talen Energy Salaried Retiree Group Life's revenue in 2022 was $242,614.
Who are the executives of Talen Energy Salaried Retiree Group Life and what are their salaries?
There is 1 key member and their salary:
- Compensation: $6,297
- Related: $0
- Other: $0
Where can I find the form 990 for Talen Energy Salaried Retiree Group Life?
Talen Energy Salaried Retiree Group Life's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Talen Energy Salaried Retiree Group Life
Talen Energy Salaried Retiree Group Life is a 501(c)(9) trust, established with a specific mission. This mission revolves around funding and covering the life insurance costs for eligible retirees. The trust serves as a financial resource, ensuring that retirees from Talen Energy can continue to benefit from life insurance coverage, providing a sense of security and peace of mind. The trust's activities are geared towards meeting this mission, making financial provisions to cover the insurance costs for these retirees, thereby ensuring their continued protection.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
Talen Energy Salaried Retiree Group Life primarily impacts eligible retirees by ensuring they have access to life insurance coverage. This support alleviates financial burdens associated with life insurance costs, allowing retirees and their families to have peace of mind during their later years. By funding and managing these insurance costs, the group enhances the overall financial security of its members, contributing to a more stable retirement experience.
The organization's structure allows for dedicated resources to be directed toward the needs of retired employees, ensuring they receive the benefits promised during their tenure. By focusing on retiree life insurance, Talen Energy Salaried Retiree Group Life helps maintain a sense of accountability and care for those who have dedicated their careers to the company, fostering a sense of community and support among former employees. Additionally, the group's operations promote long-term financial planning, enabling retirees to better navigate their post-employment lives.
This information is meant to be a general summary of Talen Energy Salaried Retiree Group Life. 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: $242,614
- Gross Receipts: $956,392
Assets and Liabilities:
- Total Assets: $5,091,042
- Total Liabilities: $21,984
- Net Assets: $5,069,058
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
2015
Phone
(412) 234-2245Main Address
C/O THE BNYM PO BOX 535007, PITTSBURGH, PA, 152535007
NTEE Category
Code: J99 - Employment
If you are a representative of Talen Energy Salaried Retiree Group Life and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.