Green Mountain Power Corporation Retiree Medical Benefit Trust

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

EIN: 477115400 ✦ Colchester, VT ✦ Designated as a 501(c)(9)

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Overview

What is Green Mountain Power Corporation Retiree Medical Benefit Trust?

Green Mountain Power Corporation Retiree Medical Benefit Trust is a nonprofit organization situated in Colchester, Vermont. Its primary mission is to offer post-retirement health and death benefits to eligible retired employees and their dependents from Green Mountain Power Corporation. Specifically, the trust is dedicated to providing post-retirement benefits as part of the corporation's health and welfare plan. The trust's activities are focused on supporting the well-being and financial security of retired employees.


Official website here: www.greenmountainpower.com

Is Green Mountain Power Corporation Retiree Medical Benefit Trust legitimate?

Green Mountain Power Corporation Retiree Medical Benefit Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. Green Mountain Power Corporation Retiree Medical Benefit 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


Official website here: www.greenmountainpower.com

What is the mission statement of Green Mountain Power Corporation Retiree Medical Benefit Trust?

The Green Mountain Power Corporation Retiree Medical Benefit Trust is committed to providing postretirement health and death benefits to eligible retired employees. This trust, as part of the Green Mountain Power Corporation Health and Welfare Plan, aims to ensure the well-being and support of its retired employees and their dependents after their retirement. The trust's primary objective is to offer certain medical and financial assistance during this crucial phase of their lives, thereby enhancing their overall quality of life in retirement.


Official website here: www.greenmountainpower.com

Who is the CEO of Green Mountain Power Corporation Retiree Medical Benefit Trust?

Mathieu Lepage is the Committee Member of Green Mountain Power Corporation Retiree Medical Benefit Trust.


Official website here: www.greenmountainpower.com

What is the revenue of Green Mountain Power Corporation Retiree Medical Benefit Trust?

Green Mountain Power Corporation Retiree Medical Benefit Trust's revenue in 2022 was $1,972,462.


Official website here: www.greenmountainpower.com

Who are the executives of Green Mountain Power Corporation Retiree Medical Benefit Trust and what are their salaries?


Here are 8 key members and their salaries:


Joseph Mckearin (Committee Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Christopher Cole (Committee Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Carolyn Anderson (Committee Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Andrew Quint (Committee Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Elwell (Committee Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Candace Morgan (Committee Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tod Benjamin (Committee Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mathieu Lepage (Cfo And Member)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.greenmountainpower.com

Where can I find the form 990 for Green Mountain Power Corporation Retiree Medical Benefit Trust?

Green Mountain Power Corporation Retiree Medical Benefit Trust's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.greenmountainpower.com

Learn more at the official website: www.greenmountainpower.com

Mission Statement of Green Mountain Power Corporation Retiree Medical Benefit Trust

Green Mountain Power Corporation Retiree Medical Benefit Trust is an organization dedicated to providing post-retirement benefits to eligible retired employees and their dependents. Its mission is to ensure the continuity of certain health and death benefits for these individuals, thereby providing a sense of security and stability in their post-employment years. The Green Mountain Power Corporation Health and Welfare Plan serves as the vehicle through which these benefits are delivered, ensuring that retired employees of Green Mountain Power can maintain a level of care and financial security that they have grown accustomed to during their employment.

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Impact




October, 2024

Green Mountain Power Corporation Retiree Medical Benefit Trust plays a crucial role in supporting the health and wellbeing of retired employees and their dependents. By providing postretirement health and death benefits, it ensures that retirees have access to essential medical care and financial support during their retirement years. This trust enhances the quality of life for retirees, allowing them to navigate health-related challenges without the burden of significant expenses.

Additionally, the trust fosters a sense of security among employees during their working years, knowing that they will have continued support once they retire. This stability can contribute to higher employee morale and loyalty, ultimately benefiting the overall workplace culture at Green Mountain Power. In Colchester, Vermont, this initiative also signifies a commitment to the community by valuing the contributions of former employees and ensuring they are cared for after their service. The trust's focus on mutual benefits highlights its importance in creating lasting relationships between the organization and its workforce, extending even beyond active employment.




This information is meant to be a general summary of Green Mountain Power Corporation Retiree Medical Benefit 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
$1,972,462 (2022)
Expenses
$1,401,084 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $1,972,462
  • Gross Receipts: $17,508,298

Assets and Liabilities:

  • Total Assets: $39,274,359
  • Total Liabilities: $0
  • Net Assets: $39,274,359

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Organization Details

Founding Year

2015

Principal Officer

Mathieu Lepage

Main Address

163 ACORN LANE, COLCHESTER, VT, 05446

NTEE Category

Code: Y43 - Mutual benefit

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