Overview
What is Westar Energy Inc- Post Retirement & Disability Benefit Trust?
Westar Energy Inc- Post Retirement & Disability Benefit Trust is a specialized trust fund established to support eligible retirees from Westar Energy Inc. The trust functions by funding a Health Reimbursement Account that can be utilized for various medical and dental expenses, including premiums and claims. It also covers dental claims for retirees under the age of 65 and pays life insurance premiums for certain eligible retirees. Moreover, the trust accumulates a benefit for future retirees. Essentially, the Westar Energy Inc- Post Retirement & Disability Benefit Trust serves to provide financial support for the medical and insurance needs of its retired members.
Is Westar Energy Inc- Post Retirement & Disability Benefit Trust legitimate?
Westar Energy Inc- Post Retirement & Disability Benefit Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. Westar Energy Inc- Post Retirement & Disability 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: $26,379
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Westar Energy Inc- Post Retirement & Disability Benefit Trust?
The Westar Energy Inc- Post Retirement & Disability Benefit Trust is established with a mission to provide post-retirement benefits for eligible retirees. This trust funds a Health Reimbursement Account, which can be utilized for various medical and dental expenses, including premiums and claims. The trust also covers dental claims for pre-65 retirees and pays life insurance premiums for certain eligible retirees. Moreover, the trust accumulates benefits for future retirees. The expenses related to these benefits primarily cater to the post-retirement needs of current retirees.
What is the revenue of Westar Energy Inc- Post Retirement & Disability Benefit Trust?
Westar Energy Inc- Post Retirement & Disability Benefit Trust's revenue in 2023 was $4,436,500.
Who are the executives of Westar Energy Inc- Post Retirement & Disability Benefit Trust and what are their salaries?
Here are 7 key members and their salaries:
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- Compensation: $26,379
- Related: $28,830
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Where can I find the form 990 for Westar Energy Inc- Post Retirement & Disability Benefit Trust?
Westar Energy Inc- Post Retirement & Disability Benefit Trust's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Westar Energy Inc- Post Retirement & Disability Benefit Trust
Westar Energy Inc- Post Retirement & Disability Benefit Trust is dedicated to providing post-retirement benefits for certain retirees. This is achieved through the management of a VEBA Trust, which functions as a health reimbursement account. Eligible retirees can utilize this account to cover various medical and dental expenses, including premiums and claims. The VEBA Trust also extends its services to pre-65 retirees, covering their dental claims, and pays life insurance premiums for certain eligible retirees. Moreover, the trust accumulates a benefit for future retirees, ensuring financial support for those retiring in the future. The mission of Westar Energy Inc- Post Retirement & Disability Benefit Trust is to provide financial assistance and healthcare coverage for its retirees, ensuring their well-being even after retirement.
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Impact
October, 2024
Westar Energy Inc- Post Retirement & Disability Benefit Trust plays a significant role in supporting eligible retirees by providing funding for post-retirement benefits, which is essential for their financial security and well-being. This trust operates a Voluntary Employees' Beneficiary Association (VEBA), allowing it to fund health reimbursement accounts for retirees, enabling them to manage various medical and dental expenses, including insurance premiums and claims.
The trust also addresses dental claims for retirees under the age of 65 and covers life insurance premiums for qualifying members, thereby ensuring a broader scope of financial support. By accumulating benefits for future retirees, the trust fosters a sense of stability and preparedness for individuals transitioning into retirement.
Overall, the impact of this trust extends beyond immediate financial assistance; it enhances the quality of life for retirees, alleviating concerns over health-related costs and enabling them to enjoy their retirement years with greater peace of mind. The trust's ongoing commitment to meeting the needs of retirees reflects its importance in the larger context of employee benefits and retirement planning.
This information is meant to be a general summary of Westar Energy Inc- Post Retirement & Disability 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $3,339,282
- Program Service Revenue: $727,490
- Gross Receipts: $15,887,304
Assets and Liabilities:
- Total Assets: $99,798,074
- Total Liabilities: $215,535
- Net Assets: $99,582,539
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYER CONTRIBUTIONS
Revenue
$478,105
PARTICIPANT CONTRIBUTIONS
Revenue
$249,385
Organization Details
Founding Year
1995
Principal Officer
Theresa Dodson
NTEE Category
Code: Y40 - Mutual benefit
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