Overview
What is Energen Corporation Retired Salaried Group Life Insurance Plan Trust?
Energen Corporation Retired Salaried Group Life Insurance Plan Trust is a nonprofit organization, specifically a Voluntary Employee Benefit Association, situated in Midland, Texas. Their primary mission is to offer group life insurance benefits to retired salaried employees of Energen Corporation. By doing so, they contribute to the financial security and peace of mind of these individuals and their families. The Trust operates as a nonprofit entity, providing this essential service to its members.
Is Energen Corporation Retired Salaried Group Life Insurance Plan Trust legitimate?
Energen Corporation Retired Salaried Group Life Insurance Plan Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. Energen Corporation Retired Salaried Group Life Insurance Plan 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
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What is the mission statement of Energen Corporation Retired Salaried Group Life Insurance Plan Trust?
The Energen Corporation Retired Salaried Group Life Insurance Plan Trust serves as a Voluntary Employee Benefit Association, providing group life insurance benefits to its employees. Its primary mission is to offer this particular type of insurance coverage to the employees in question. This organization's purpose is centered around providing financial security and peace of mind for the employees during challenging times. By offering group life insurance benefits, it seeks to support the employees and their families in the event of an unfortunate loss. It is important to note that this is a benefit offered by the association, not a requirement or obligation.
Who is the CEO of Energen Corporation Retired Salaried Group Life Insurance Plan Trust?
Teresa Dick is the Trustee of Energen Corporation Retired Salaried Group Life Insurance Plan Trust.
What is the revenue of Energen Corporation Retired Salaried Group Life Insurance Plan Trust?
Energen Corporation Retired Salaried Group Life Insurance Plan Trust's revenue in 2022 was $9,717.
Who are the executives of Energen Corporation Retired Salaried Group Life Insurance Plan Trust and what are their salaries?
Here are 2 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Energen Corporation Retired Salaried Group Life Insurance Plan Trust?
Energen Corporation Retired Salaried Group Life Insurance Plan Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Energen Corporation Retired Salaried Group Life Insurance Plan Trust
The Energen Corporation Retired Salaried Group Life Insurance Plan Trust serves as a Voluntary Employee Benefit Association, devoted to offering group life insurance benefits to its employees. Its primary mission is to provide this essential coverage, ensuring financial security for the employees in case of unforeseen circumstances. By functioning as a Voluntary Employee Benefit Association, the Trust enables employees to access group insurance plans, which often come with more favorable terms and lower premiums compared to individual coverage. This initiative underscores the Trust's commitment to supporting the well-being of its employees, offering them peace of mind and a safety net for their families.
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Impact
October, 2024
The Energen Corporation Retired Salaried Group Life Insurance Plan Trust plays a significant role in providing financial security to employees by offering group life insurance benefits. This coverage is designed to support employees and their families in the event of unforeseen circumstances, ensuring that loved ones are safeguarded against financial hardship following the loss of a primary wage earner.
Operating in Midland, Texas, the Trust functions as a voluntary employee benefit association, fostering a sense of community and mutual support among retired salaried employees. By offering life insurance, it contributes to employees’ overall well-being and peace of mind, effectively enhancing their quality of life post-retirement. The plan’s mission emphasizes the importance of these benefits, reinforcing the corporation's commitment to the welfare of its retired staff.
Overall, the Energen Corporation Retired Salaried Group Life Insurance Plan Trust underscores the value of employee support programs, helping to fulfill the promise of a secure future for its members.
This information is meant to be a general summary of Energen Corporation Retired Salaried Group Life Insurance Plan 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 2022.
- Investment Income: $6,459
- Gross Receipts: $45,427
Assets and Liabilities:
- Total Assets: $439,010
- Total Liabilities: $0
- Net Assets: $439,010
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Organization Details
Founding Year
1994
Phone
(432) 221-7400Principal Officer
Teresa Dick
Main Address
500 WEST TEXAS AVE SUITE 1200, MIDLAND, TX, 79701
NTEE Category
Code: Y40 - Mutual benefit
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