Overview
What is Jackson Electric Membership Corpora Veba Trust?
Jackson Electric Membership Corpora Veba Trust is a nonprofit organization, specifically exempt under Internal Revenue Code Section 510(c)(9), situated in Jefferson, Georgia. Its primary mission is to provide retiree health benefits for employees of Jackson Electric Membership Corporation (Jackson EMC), who fall under its coverage. The trust's revenue sources include contributions from Jackson EMC, a tax-exempt organization, and investment earnings derived from its assets. The sole purpose of these revenues is to ensure the provision of health insurance for the trust's retirees.
Is Jackson Electric Membership Corpora Veba Trust legitimate?
Jackson Electric Membership Corpora Veba Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. Jackson Electric Membership Corpora Veba 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: $90,116
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Jackson Electric Membership Corpora Veba Trust?
The Jackson Electric Membership Corpora Veba Trust is committed to providing certain retirement health benefits for employees of Jackson Electric Membership Corporation (Jackson EMC), who are covered by the trust. The trust's revenue sources include contributions from Jackson EMC, a tax-exempt organization, and investment earnings from its assets. All revenues are intended for the purpose of offering health insurance coverage to these retirees. The corporation operates under IRC Section 510 (c) (9).
Who is the CEO of Jackson Electric Membership Corpora Veba Trust?
Unavailable
What is the revenue of Jackson Electric Membership Corpora Veba Trust?
Jackson Electric Membership Corpora Veba Trust's revenue in 2023 was $2,771,091.
Who are the executives of Jackson Electric Membership Corpora Veba Trust and what are their salaries?
There is 1 key member and their salary:
- Compensation: $90,116
- Related: $0
- Other: $0
Where can I find the form 990 for Jackson Electric Membership Corpora Veba Trust?
Jackson Electric Membership Corpora Veba Trust's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Jackson Electric Membership Corpora Veba Trust
Jackson Electric Membership Corpora Veba Trust is a nonprofit organization with a mission to provide certain health benefits for retired employees of Jackson Electric Membership Corporation (Jackson EMC), who are covered by the trust. The trust relies on contributions from Jackson EMC, a tax-exempt organization, and investment earnings from its assets. All revenues generated by the trust are intended for the purpose of offering health insurance to these retirees. By providing these benefits, Jackson Electric Membership Corpora Veba Trust aims to support the well-being and health of its beneficiaries in their retirement years. The trust's resources are dedicated solely to this mission, ensuring that retired Jackson EMC employees have access to crucial health insurance coverage.
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Impact
October, 2024
Jackson Electric Membership Corpora Veba Trust plays a crucial role in ensuring that employees of Jackson Electric Membership Corporation (Jackson EMC) receive necessary health benefits during their retirement. The Trust channels contributions from Jackson EMC, along with investment earnings, specifically to cover health insurance costs for eligible retirees. By providing this financial support, the Trust helps alleviate the burden of healthcare expenses for retirees, promoting their well-being and financial security. This proactive approach not only enhances the quality of life for former employees but also fosters loyalty and stability within the workforce, reflecting a commitment to the long-term welfare of those who have dedicated their careers to the organization.
This information is meant to be a general summary of Jackson Electric Membership Corpora Veba 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 2023.
- Investment Income: -$533,103
- Program Service Revenue: $3,856,155
- Gross Receipts: $29,772,821
Assets and Liabilities:
- Total Assets: $97,292,023
- Total Liabilities: $4,636,886
- Net Assets: $92,655,137
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CONTRIBUTIONS OF JACKSON EMC
Revenue
$3,856,155
Organization Details
Founding Year
2000
Phone
(706) 367-5281Main Address
850 COMMERCE ROAD, JEFFERSON, GA, 30549
NTEE Category
Code: Y430 - Mutual benefit
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