Kaiser Aluminum Salaried Retirees Veba Plan

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

EIN: 686244507 ✦ San francisco, CA ✦ Designated as a 501(c)(9)

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Overview

What is Kaiser Aluminum Salaried Retirees Veba Plan?

The Kaiser Aluminum Salaried Retirees Veba Plan is a nonprofit organization based in San Francisco, California. Its primary purpose is to administer and distribute funds, as outlined in a court-approved settlement agreement, intended to provide welfare benefits for eligible salaried retirees, their spouses, and dependents of Kaiser Aluminum Corporation. The plan's mission is focused on ensuring the well-being of these individuals by managing and distributing these funds effectively. The specific activities and operations of the plan, such as schedules or detailed procedures, are not provided in the information array.

Is Kaiser Aluminum Salaried Retirees Veba Plan legitimate?

Kaiser Aluminum Salaried Retirees Veba Plan is a legitimate nonprofit organization registered as a 501(c)(9) entity. Kaiser Aluminum Salaried Retirees Veba Plan 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 Kaiser Aluminum Salaried Retirees Veba Plan?

The Kaiser Aluminum Salaried Retirees Veba Plan's mission is centered around receiving and distributing funds, as outlined in a court-approved settlement agreement. The primary objective of these funds is to provide welfare benefits for eligible salaried retirees, their spouses, and dependent family members of Kaiser Aluminum Corporation. The plan serves to ensure the well-being and support of these individuals, offering essential benefits under the terms of the settlement agreement.

Who is the CEO of Kaiser Aluminum Salaried Retirees Veba Plan?

Douglas Allen is the Trustee of Kaiser Aluminum Salaried Retirees Veba Plan.

What is the revenue of Kaiser Aluminum Salaried Retirees Veba Plan?

Kaiser Aluminum Salaried Retirees Veba Plan's revenue in 2022 was $1,158,042.

Who are the executives of Kaiser Aluminum Salaried Retirees Veba Plan and what are their salaries?

There 4 volunteers at Kaiser Aluminum Salaried Retirees Veba Plan.


Here are 4 key members and their salaries:


Douglas G Allen (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Richard Byrne (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
John E Daniel (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Arthur Donaldson (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Kaiser Aluminum Salaried Retirees Veba Plan?

Kaiser Aluminum Salaried Retirees Veba Plan's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Kaiser Aluminum Salaried Retirees Veba Plan

The Kaiser Aluminum Salaried Retirees Veba Plan is a nonprofit organization with a mission to distribute funds, as per the terms of a court-approved settlement agreement. This mission is aimed at providing welfare benefits for eligible salaried retirees, their spouses, and dependent family members of Kaiser Aluminum Corporation. The primary role of this organization is to receive funds and then distribute them in accordance with the settlement agreement, thereby ensuring the welfare of the specified beneficiaries. The plan serves as a vital support system for these retirees, ensuring they receive the benefits they are entitled to under the agreement.

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Impact




October, 2024

The Kaiser Aluminum Salaried Retirees VEBA Plan is instrumental in providing critical welfare benefits to eligible salaried retirees, their spouses, and dependents of Kaiser Aluminum Corporation. Through this plan, funds are received and distributed in accordance with the terms of a court-approved settlement agreement.

The impact of this plan is significant, as it helps ensure that retirees and their families receive necessary healthcare and welfare support during their retirement years. By offering financial assistance for medical expenses and other essential needs, the VEBA plan plays a vital role in enhancing the quality of life for retirees, contributing to their overall well-being and security. Through its operations, the plan not only addresses immediate welfare needs but also fosters a sense of community and support among those who have dedicated their careers to Kaiser Aluminum Corporation.




This information is meant to be a general summary of Kaiser Aluminum Salaried Retirees Veba Plan. 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
$1,158,042 (2022)
Expenses
$6,790,344 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $1,121,792
  • Program Service Revenue: $36,250
  • Gross Receipts: $8,459,441

Assets and Liabilities:

  • Total Assets: $42,456,879
  • Total Liabilities: $4,617,481
  • Net Assets: $37,839,398

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Programs

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

CONTRIBUTIONS

Revenue

$36,250

Organization Details

Founding Year

2004

Principal Officer

Douglas Allen

Main Address

135 MAIN ST 9TH FL, SAN FRANCISCO, CA, 94105

NTEE Category

Code: Y43 - Mutual benefit

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