Overview
What is Texas Gas Employee Welfare Benefits Trust?
The Texas Gas Employee Welfare Benefits Trust is a nonprofit organization established to offer eligible employees and their dependents with health, life, disability, and severance benefits, funded in advance for retiree healthcare. This Veba Trust, classified under Section 501(c)(9), aims to provide essential benefits to Texas Gas Transmission, LLC's workforce.
Is Texas Gas Employee Welfare Benefits Trust legitimate?
Texas Gas Employee Welfare Benefits Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. Texas Gas Employee Welfare Benefits 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: $13,042
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Texas Gas Employee Welfare Benefits Trust?
The Texas Gas Employee Welfare Benefits Trust is a Section 501(c)(9) VEBAs trust, established to extend health, life, accidental death and dismemberment, long term disability, and severance benefits to eligible employees and their dependents. The trust offers pre-funded retiree healthcare benefits, ensuring the financial security and wellbeing of its beneficiaries. The trust's primary objective is to provide comprehensive benefits packages to eligible participants, safeguarding their health and financial future. Through its extensive benefits offerings, the Texas Gas Employee Welfare Benefits Trust strives to support and protect the well-being of its members and their families.
Who is the CEO of Texas Gas Employee Welfare Benefits Trust?
Suzy Lamar is the Trustee - Termed 3/31 of Texas Gas Employee Welfare Benefits Trust.
What is the revenue of Texas Gas Employee Welfare Benefits Trust?
Texas Gas Employee Welfare Benefits Trust's revenue in 2022 was $14,078,411.
Who are the executives of Texas Gas Employee Welfare Benefits Trust and what are their salaries?
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $13,042
- Related: $0
- Other: $0
Where can I find the form 990 for Texas Gas Employee Welfare Benefits Trust?
Texas Gas Employee Welfare Benefits Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Texas Gas Employee Welfare Benefits Trust
The Texas Gas Employee Welfare Benefits Trust is a Section 501(c)(9) Voluntary Employees' Beneficiary Association (VEBA) trust, established to offer health, life, accidental death and dismemberment, long-term disability, and severance benefits to eligible employees and their dependents of Texas Gas Transmission, LLC. This trust serves to secure pre-funded retiree healthcare benefits for these individuals.
In essence, the Texas Gas Employee Welfare Benefits Trust plays a crucial role in ensuring the wellbeing and financial security of its beneficiaries. By providing a comprehensive range of benefits, the trust aims to protect its members from potential health and financial hardships. The health benefits covered encompass various essential services, while the life, accidental death and dismemberment, long-term disability, and severance benefits offer additional layers of protection for the eligible participants and their dependents.
The establishment of this trust demonstrates Texas Gas' commitment to fostering the long-term welfare of its employees. Through the pre-funded retiree healthcare benefits, the trust provides peace of mind and financial stability for its members as they grow older and transition into retirement. The diverse set of benefits offered by the Texas Gas Employee Welfare Benefits Trust is intended to meet the various needs and challenges that its members may face throughout their lives.
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Impact
October, 2024
Texas Gas Employee Welfare Benefits Trust plays a crucial role in enhancing the welfare of employees and their dependents associated with Texas Gas Transmission, LLC. By offering a variety of essential benefits, including health, life insurance, accidental death and dismemberment coverage, long-term disability, and severance benefits, the trust ensures that eligible participants have access to necessary support during challenging times.
The pre-funded retiree healthcare benefits provided by the trust not only alleviate the financial burden of medical expenses but also contribute to the overall security and peace of mind for employees as they transition into retirement. This comprehensive benefits package promotes a healthier workforce, reduces stress related to unexpected life events, and fosters loyalty among employees who feel valued and supported by their employer.
In a broader sense, the trust's impact extends to enhancing workplace morale and productivity. By prioritizing employee welfare, Texas Gas Transmission strengthens its organizational culture and helps maintain a stable, committed workforce. The trust ultimately leads to a more sustainable business model through its investment in the health and well-being of its employees and their families.
This information is meant to be a general summary of Texas Gas Employee Welfare Benefits 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: $1,977,357
- Program Service Revenue: $12,101,054
- Gross Receipts: $286,204,460
Assets and Liabilities:
- Total Assets: $96,305,864
- Total Liabilities: $37,694,693
- Net Assets: $58,611,171
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYER CONTRIBUTIONS
Revenue
$8,154,015
PARTICIPANT CONTRIBUTIONS
Revenue
$3,947,039
Organization Details
Founding Year
1989
Phone
(270) 926-8686Principal Officer
Suzy Lamar
Main Address
9 GREENWAY PLAZA SUITE 2800, HOUSTON, TX, 77046
NTEE Category
Code: Y40 - Mutual benefit
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