Overview
What is American Electric Power System Employees?
American Electric Power System Employees is a nonprofit organization that ensures current employees and their dependents of American Electric Power Company, Inc. and its affiliates receive funding for essential benefits, including medical, dental, life, and long-term disability coverage. By providing these vital benefits, the organization enhances the wellbeing of its workforce and their families.
What are the reviews and ratings of this charity?
The American Electric Power System Employees is currently not rated by Charity Navigator. This absence does not reflect a positive or negative assessment but rather indicates that the organization has not been evaluated yet. Ratings on Charity Navigator require certain beacon scores like Accountability & Finance or Impact & Measurement, which are currently unavailable for this organization.
As an independent auxiliary organization not classified under 501(c)(3), certain evaluations such as Impact & Measurement, Culture & Community, and Leadership & Adaptability, are not applicable. Charity Navigator’s historic ratings primarily focused on Accountability and Finance, but no specific data on revenue, expenses, or salaries for key personnel is available for this nonprofit.
User reviews from GreatNonprofits are presently not available for the American Electric Power System Employees, so no additional public sentiment or feedback can be included from that platform. Consequently, details on the organization's direct community impact or stakeholder satisfaction are limited.
This AI summary has been generated from information found on Charity Navigator.
Is American Electric Power System Employees legitimate?
American Electric Power System Employees is a legitimate nonprofit organization registered as a 501(c)(9) entity. American Electric Power System Employees 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: $12,760
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of American Electric Power System Employees?
The American Electric Power System Employees trust is dedicated to fulfilling the obligations for medical, dental, life, and long-term disability benefits for the current employees and their dependents of American Electric Power Company, Inc., and its affiliates. This trust serves a crucial role by providing the necessary funding to ensure these essential benefits are accessible. The trust's primary objective is to uphold the commitment towards the wellbeing and financial security of the workforce, fostering a supportive and stable work environment. By assuming this responsibility, the trust plays an integral part in enhancing the overall quality of life for American Electric Power employees.
Who is the CEO of American Electric Power System Employees?
Brent Heintzelman is the Principal Officer of American Electric Power System Employees.
What is the revenue of American Electric Power System Employees?
American Electric Power System Employees's revenue in 2022 was $292,729,459.
Who are the executives of American Electric Power System Employees and what are their salaries?
There is 1 key member and their salary:
- Compensation: $12,760
- Related: $0
- Other: $0
Where can I find the form 990 for American Electric Power System Employees?
American Electric Power System Employees's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of American Electric Power System Employees
The American Electric Power System Employees, a dedicated trust, is committed to fulfilling the financial obligations for medical, dental, life, and long-term disability benefits for the current employees and their dependents of American Electric Power Company, Inc., and its affiliates. This trust plays a crucial role in ensuring the well-being and security of the workforce by providing essential benefits, allowing them to focus on their jobs and families without financial stress.
By funding these obligations, the American Electric Power System Employees trust demonstrates its unwavering support for the employees' health and welfare. The trust's mission is to alleviate the financial burden of benefits, enabling employees to access necessary medical, dental, and disability services when needed. This commitment not only benefits the employees but also their dependents, ensuring they have access to comprehensive coverage that protects their overall well-being.
In summary, the American Electric Power System Employees trust serves as a vital financial safety net for the current employees and their dependents of American Electric Power Company, Inc., and its affiliates. By providing funding for medical, dental, life, and long-term disability benefits, the trust enables its recipients to focus on their health and well-being without the added worry of financial strain.
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Impact
October, 2024
American Electric Power System Employees plays a significant role in ensuring the well-being and financial security of current employees and their dependents within the American Electric Power Company and its affiliates. By providing essential funding for medical, dental, life, and long-term disability benefits, the organization supports the health and welfare of its members, promoting a safe and secure working environment.
This commitment not only enhances the quality of life for employees but also fosters loyalty and productivity, benefiting the overall operation of the company. By addressing crucial needs related to healthcare and financial stability, American Electric Power System Employees helps attract and retain talent, which is vital for maintaining a skilled and motivated workforce within the energy sector.
Ultimately, the impact of this organization extends beyond individual benefits; it contributes to the stability and efficiency of American Electric Power Company as a whole, reflecting a strong commitment to employee welfare and organizational success in the increasingly complex energy landscape.
This information is meant to be a general summary of American Electric Power System Employees. 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: $503,462
- Program Service Revenue: $292,225,997
- Gross Receipts: $3,166,506,927
Assets and Liabilities:
- Total Assets: $33,872,191
- Total Liabilities: $0
- Net Assets: $33,872,191
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYER CONTRIBUTIONS
Revenue
$210,677,535
EMPLOYEE CONTRIBUTIONS
Revenue
$81,548,462
Organization Details
Founding Year
1969
Phone
(412) 234-2242Principal Officer
Brent Heintzelman
Main Address
C/O THE BNYM PO BOX 535007, PITTSBURGH, PA, 152535007
NTEE Category
Code: Y40 - Mutual benefit
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