American Electric Power System Employees

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

EIN: 516024654 ✦ Pittsburgh, PA ✦ Designated as a 501(c)(9)

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.


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 not tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $12,760
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


What is the mission statement of American Electric Power System Employees?
Who is the CEO of American Electric Power System Employees?
What is the revenue of American Electric Power System Employees?
Who are the executives of American Electric Power System Employees and what are their salaries?
Where can I find the form 990 for American Electric Power System Employees?

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.

Impact

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.




Thursday, August 15, 2024

American Electric Power System Employees provide essential funding for medical, dental, life, and long-term disability benefits for current employees and their dependents at American Electric Power Company, Inc. and its affiliates. This support helps ensure that employees have access to crucial healthcare and financial protection, contributing to their overall well-being and job security. By fulfilling these obligations, American Electric Power System Employees have a direct impact on the health and stability of the workforce within the organization.





Financials

This financial information is from Propublica.

Revenue
Expenses
Efficiency

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
  • 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

    Principal Officer

    Brent Heintzelman

    Main Address

    C/O THE BNYM PO BOX 535007, PITTSBURGH, PA, 152535007

    NTEE Category

    Code: Y40 - Mutual benefit

    If you are a representative of American Electric Power System Employees 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.