Overview
What is Georgia Power Co Post-Ret Life Ben Trust?
The Georgia Power Co Post-Ret Life Ben Trust is a nonprofit organization established with the primary mission of funding post-retirement life insurance benefits. It serves as a repository for funds transferred from Georgia Power Company, which it then invests and holds for this specific purpose. The trust's purpose is to ensure the continuity of life insurance coverage for retirees from Georgia Power Company.
Is Georgia Power Co Post-Ret Life Ben Trust legitimate?
Georgia Power Co Post-Ret Life Ben Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. Georgia Power Co Post-Ret Life Ben 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 Georgia Power Co Post-Ret Life Ben Trust?
The Georgia Power Co Post-Ret Life Ben Trust is established with the mission to fund post-retirement life insurance benefits. It accomplishes this by receiving, holding, and investing funds transferred from Georgia Power company for this specific purpose. The trust aims to provide financial support to retired individuals, ensuring their financial security and peace of mind during their post-employment years. The trust does not have a formal public mission statement, but its function can be inferred from its activity description.
Who is the CEO of Georgia Power Co Post-Ret Life Ben Trust?
Bank Of New York Mellon is the Principal Officer of Georgia Power Co Post-Ret Life Ben Trust.
What is the revenue of Georgia Power Co Post-Ret Life Ben Trust?
Georgia Power Co Post-Ret Life Ben Trust's revenue in 2022 was $1,361,245.
Who are the executives of Georgia Power Co Post-Ret Life Ben Trust and what are their salaries?
Here are 2 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $108,154
- Related: $0
- Other: $0
Where can I find the form 990 for Georgia Power Co Post-Ret Life Ben Trust?
Georgia Power Co Post-Ret Life Ben Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Georgia Power Co Post-Ret Life Ben Trust
Georgia Power Co Post-Ret Life Ben Trust is a mission-driven entity, established with the primary objective of funding post-retirement life insurance benefits. This trust was formed to receive, manage, and invest funds that are transferred from Georgia Power Company for this specific purpose. The trust's role is instrumental in ensuring the financial security of retirees, providing them with a safety net during their post-work years. By overseeing the investment of these funds, the Georgia Power Co Post-Ret Life Ben Trust plays a crucial role in safeguarding the financial future of its beneficiaries.
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Impact
October, 2024
Georgia Power Co Post-Ret Life Ben Trust plays a crucial role in providing financial support for post-retirement life insurance benefits. By receiving, holding, and investing funds transferred by Georgia Power Company, it ensures that retirees have access to essential life insurance coverage during their retirement years. This trust not only secures financial peace of mind for the retirees but also underscores a commitment to their well-being, reflecting the company's dedication to its former employees. Operating out of Atlanta, GA, the trust serves as a vital resource, reinforcing the mutual benefit of its mission and helping to sustain the quality of life for those who have dedicated their careers to the company.
This information is meant to be a general summary of Georgia Power Co Post-Ret Life Ben 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: $1,360,750
- Gross Receipts: $18,190,224
Assets and Liabilities:
- Total Assets: $95,654,924
- Total Liabilities: $0
- Net Assets: $95,654,924
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Organization Details
Founding Year
1994
Phone
(404) 506-6588Principal Officer
Bank Of New York Mellon
Main Address
241 RALPH MCGILL BLVDBIN 10139, ATLANTA, GA, 30308
NTEE Category
Code: Y40 - Mutual benefit
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