Louisville Gas & Electric Co Veba Trust

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 616246222 ✦ Louisville, KY ✦ Designated as a 501(c)(9)

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Overview

What is Louisville Gas & Electric Co Veba Trust?

The Louisville Gas & Electric Co Veba Trust is a nonprofit entity established primarily to offer employee welfare benefits. Based in Louisville, Kentucky, the trust's main objective is to cater to the medical needs of its participants under collective bargaining agreements. The trust provides medical benefits to its covered members, ensuring their well-being and support. The trust's mission is centered around serving its participants, demonstrating its commitment to employee welfare.

Is Louisville Gas & Electric Co Veba Trust legitimate?

Louisville Gas & Electric Co Veba Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. Louisville Gas & Electric Co 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here

What is the mission statement of Louisville Gas & Electric Co Veba Trust?

The Louisville Gas & Electric Co Veba Trust was established with the purpose of providing employee welfare benefits for its participants. Its mission, in essence, is to cater to the well-being of its members by offering suitable benefits. The Trust, specifically, manages the Louisville Gas & Electric Company Medical Benefit Trust, which provides medical benefits to its employees under collective bargaining agreements. The covered members receive these medical benefits as per the terms of the agreement.

Who is the CEO of Louisville Gas & Electric Co Veba Trust?

Andrew W Elmore is the Trustee of Louisville Gas & Electric Co Veba Trust.

What is the revenue of Louisville Gas & Electric Co Veba Trust?

Louisville Gas & Electric Co Veba Trust's revenue in 2022 was $5,205,473.

Who are the executives of Louisville Gas & Electric Co Veba Trust and what are their salaries?


There is 1 key member and their salary:


The Bank Of New York Mellon (Trustee)
  • Compensation: $3,340
  • Related: $0
  • Other: $0
Where can I find the form 990 for Louisville Gas & Electric Co Veba Trust?

Louisville Gas & Electric Co Veba Trust's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Louisville Gas & Electric Co Veba Trust

The Louisville Gas & Electric Co Veba Trust was established with a mission to provide employee welfare benefits for its participating members. This mission is centered around offering beneficial services to its employees, specifically in the realm of medical coverage. The Trust, named Louisville Gas & Electric Company Medical Benefit Trust, is committed to providing these benefits through collective bargaining agreements, ensuring that covered members receive the medical care they require. This nonprofit organization's purpose is to support the well-being of its employees, offering them essential medical benefits as part of their overall welfare package.

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Impact




October, 2024

Louisville Gas & Electric Co Veba Trust plays a crucial role in enhancing the welfare of its employees by providing essential medical benefits under collective bargaining agreements. This trust ensures that covered members receive comprehensive health care support, contributing to their overall well-being and job satisfaction. By focusing on employee welfare, the trust fosters a more engaged and productive workforce, which can lead to improved organizational performance. Its mission to deliver reliable medical benefits demonstrates a commitment to the financial and physical health of employees in the Louisville area, ultimately benefiting the community and the local economy.




This information is meant to be a general summary of Louisville Gas & Electric Co 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.

Revenue
$5,205,473 (2022)
Expenses
$3,686,230 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $42,245
  • Program Service Revenue: $5,163,228
  • Gross Receipts: $9,211,297

Assets and Liabilities:

  • Total Assets: $2,815,059
  • Total Liabilities: $0
  • Net Assets: $2,815,059

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

PAYMENTS FROM EMPLOYER

Revenue

$4,000,000

PAYMENTS FROM EMPLOYEES & PARTICIPANTS

Revenue

$1,163,228

Organization Details

Founding Year

1996

Principal Officer

Andrew W Elmore

Main Address

PO BOX 32010, LOUISVILLE, KY, 40232

NTEE Category

Code: Y40 - Mutual benefit

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