Overview
What is Aba Veba?
Aba Veba, located at 1333 New Hampshire Avenue NW 700, Washington, DC 20036, serves as a Voluntary Employees' Beneficiary Association (VEBA) affiliated with the American Bankers Association (ABA). The primary mission of Aba Veba is to offer medical and insurance benefits to the retired employees and their beneficiaries of the ABA. Being a nonprofit organization, Aba Veba aims to contribute to the well-being of its members by providing essential health benefits, ensuring their financial security in their retirement years.
Is Aba Veba legitimate?
Aba Veba is a legitimate nonprofit organization registered as a 501(c)(9) entity. Aba Veba 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: $20,457
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Aba Veba?
Aba Veba, being a Voluntary Employees' Beneficiary Association affiliated with the American Bankers Association, is primarily committed to providing medical and insurance benefits. This organization serves the retirees and their beneficiaries within its purview. Its main objective is to ensure the well-being of its members by offering necessary health and insurance coverage, thereby enhancing their quality of life post-retirement. The activities of Aba Veba are centered around extending these benefits, thereby catering to the needs of retired bankers and their families.
Who is the CEO of Aba Veba?
Alethia Baggett is the Chief Human Resources Officer of Aba Veba.
What is the revenue of Aba Veba?
Aba Veba's revenue in 2022 was $10,351,544.
Who are the executives of Aba Veba and what are their salaries?
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $648,376
- Other: $103,308
- Compensation: $0
- Related: $635,287
- Other: $62,822
- Compensation: $20,457
- Related: $0
- Other: $0
Where can I find the form 990 for Aba Veba?
Aba Veba's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Aba Veba
Aba Veba, as a Voluntary Employees' Beneficiary Association of the American Bankers Association, is dedicated to providing medical and insurance benefits for its retirees and their beneficiaries. Established within the banking sector, Aba Veba performs this crucial role, ensuring that retired individuals and their dependents receive the necessary healthcare support. The primary mission of Aba Veba is to safeguard the well-being of its members by offering comprehensive medical and insurance benefits, thereby providing them with peace of mind during their post-retirement years.
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Impact
October, 2024
Aba Veba plays a crucial role in enhancing the quality of life for retirees and their beneficiaries associated with the American Bankers Association. By providing medical and insurance benefits, it ensures that members have access to essential healthcare services during retirement, a critical period that can often present various health challenges.
The association's focus on mutual benefits fosters a supportive community among retirees, allowing them to navigate the complexities of healthcare with confidence and security. This assistance not only alleviates financial burdens related to medical expenses but also contributes to overall well-being, enabling retirees to enjoy their post-work life without the stress of uncertain healthcare coverage.
Moreover, through its structured benefits program, Aba Veba promotes a sense of stability and peace of mind among its members. This community-focused approach reinforces bonds among retirees and encourages a shared understanding of the importance of safeguarding one’s health in retirement. Ultimately, Aba Veba's impact extends beyond mere financial support; it nurtures a culture of care and mutual assistance in the banking sector's retiree community.
This information is meant to be a general summary of Aba Veba. 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: $179,048
- Program Service Revenue: $10,172,496
- Gross Receipts: $11,320,021
Assets and Liabilities:
- Total Assets: $15,420,645
- Total Liabilities: $64,302
- Net Assets: $15,356,343
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PLAN CONTRIBUTIONS
Revenue
$10,172,496
Organization Details
Founding Year
1991
Phone
(202) 663-5384Principal Officer
Alethia Baggett
Main Address
1333 NEW HAMPSHIRE AVENUE NW 700, WASHINGTON, DC, 20036
NTEE Category
Code: Y40 - Mutual benefit
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